New York Mortgage Trust Announces Pricing of Public Offering of Common Stock

Nov 08, 2018

NEW YORK, Nov. 07, 2018 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) announced today that it priced an underwritten public offering of 12,500,000 shares of its common stock at a public offering price of $6.11 per share. NYMT also granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock. The offering is expected to close on November 13, 2018, subject to customary closing conditions. Morgan Stanley, Credit Suisse, Barclays, Deutsche Bank Securities, J.P. Morgan, Keefe, Bruyette & Woods, A Stifel Company, RBC Capital Markets and UBS Investment Bank acted as joint bookrunning managers for the offering.

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