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New York Mortgage Trust, 6.875% Ser F Fix/Float Cumulative Red Preferred Stock
Ticker Symbol: NYMTL     CUSIP: 649604865     Exchange: NCM
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  New York Mortgage Trust, Inc., 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/15/2026 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions at a fixed rate equal of 6.875% per annum ($1.71875 per annum or $0.4296875 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 10/15/2026 distributions will be paid at a floating rate equal to three-month SOFR plus a spread of 6.130% per annum.

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.

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).

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.

Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Go to Parent Company's Record (NYMT)

IPO - 6/28/2021 - 5.00 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: NYMFP    Changed: 7/08/2021
Market Value $ Million
Click for current NYMTL price quote from the NASDAQ

Company's Online Information Links
HOME PAGE:     https://www.nymtrust.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address knario@nymtrust.com
General Email Address investorrelations@nymtrust.com
Email Contact Form on Website Go to Email Form

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

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Latest Update: 8/7/2023