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Buy (2.67 out of 4)
17th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, March 29, 5:05 AM
Slide #380. New York Mortgage Trust, Inc. — Preferred Stock Offering
Company: |
New York Mortgage Trust, Inc. (NASDAQ:NYMT) |
Date announced: |
4/15/2015 |
Shares Offered: |
3,600,000 |
Date of Pricing: |
4/15/2015 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the "Company") today announced that it priced a public offering of 3,600,000 shares of its 7.875% Series C Cumulative Redeemable Preferred Stock (the "Series C Preferred Stock"), liquidation preference $25.00 per share, for gross proceeds of $90,000,000, before deducting underwriting discounts and offering expenses. The Company has applied to list the Series C Preferred Stock on the Nasdaq Capital Market under the symbol "NYMTO." |
New York Mortgage Trust is a real estate investment trust engaged in the business of acquiring, investing in, financing and managing mortgage-related single-family and multi-family residential assets. Co.'s investment portfolio includes credit sensitive single-family and multi-family assets. Co.'s targeted investments include: residential loans, including business purpose loans; structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties; residential mortgage-backed securities that are not guaranteed by any agency of the U.S. Government or government sponsored enterprise; and commercial mortgage-backed securities. Preferreds: NYMTP, NYMTN, NYMTM, NYMTL, NYMTZ
Open the NYMT Page at Preferred Stock Channel »
Name: |
New York Mortgage Trust Inc |
Website: |
www.nymtrust.com |
Sector: |
REITs |
Number of ETFs Holding NYMT: |
38 (see which ones) |
Total Market Value Held by ETFs: |
$159,474,665.96 |
Total Market Capitalization: |
$628,000,000 |
% of Market Cap. Held by ETFs: |
25.39% |
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Open the NYMT Page at Preferred Stock Channel (in a new window) »
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