|
New York Mortgage Trust, 8.00% Series D Fix/Float Cumulative Red Preferred Stock
Ticker Symbol: NYMTN CUSIP: 649604881 Previous CUSIP: Exchange: NGS
QUANTUMONLINE.COM SECURITY DESCRIPTION: New York Mortgage Trust, Inc., 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/15/2027 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions at a fixed rate equal of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be the first calendar day of the month in which the payment is due (NOTE: the ex-dividend date is one business day prior to the record date). From 10/15/2027 distributions will be paid at a floating rate equal to three-month LIBOR plus a spread of 5.695% per annum, Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Goto Parent Company's Record (NYMT)
Notes: June 15, 2020 -- The Board reinstated the payment of cash dividends on the Company’s 7.75% Series B Cumulative Redeemable Preferred Stock, 7.875% Series C Cumulative Redeemable Preferred Stock, 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock March 23, 2020 -- The Company announced that its Board of Directors has approved a suspension of the Company’s quarterly dividends commencing with the first quarter dividends on its common stock, 7.75% Series B Cumulative Redeemable Preferred Stock, 7.875% Series C Cumulative Redeemable Preferred Stock, 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock that would have been paid in April 2020. The Board’s decision reflects the Company’s focus on conserving capital during these difficult conditions.
|
IPO - 10/5/2017 - 5.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: NYMMP Changed: 10/13/17
Changed: 1/01/00
Market Value $ 125 Million
Click for current NYMTN price quote from the NASDAQ
Yahoo News Summary for NYMTN
YAHOO! Profile for NYMTN
Yahoo Detailed Quote
MarketWatch Quote
MSN Company Report for NYMTN
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 90 Park Avenue, New York, NY 10016 |
Main Phone Number |
212-792-0107 |
Fax Number |
Not Available |
Investor Contact (CFO)
Kristine R. Nario-Eng
|
646-216-2363
|
CEO - Jason T. Serrano |
CFO - Kristine R. Nario-Eng |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|