New York Mortgage Trust, Inc. Announces $75 Million Senior Notes Offering Amidst Strategic Growth Initiatives,

New York Mortgage Trust, Inc.
Expands Opportunities with New Senior Notes Offering

In a strategic move to bolster its capital structure, New York Mortgage Trust, Inc.
(Nasdaq: NYMT) announced the pricing of a public offering of senior notes amounting to $75 million on January 8, 2025.
The notes, which carry an enticing interest rate of 9.125% and are due in 2030, reflect the company?s ongoing efforts to optimize its financing options in a competitive market.


This latest offering not only aims to enhance the company?s liquidity position but also communicates the firm?s commitment to long-term growth.
The underwriters have been granted a 30-day option to purchase an additional $11.25 million of the notes, thus providing flexibility in response to market demand.
The expected closing date for this public offering is January 14, 2025, contingent on the fulfillment of customary closing conditions.

Just a few months prior to this recent announcement, on June 25, 2024, New York Mortgage Trust, Inc.
had successfully priced an underwritten public offering of $60 million in senior notes due 2029, also offering the same 9.125% interest rate.
This earlier issuance included a provision for underwriters to purchase up to an additional $9 million to cover any over-allotments and was set to close on June 28, 2024.


The company's proactive approach to financing through the issuance of senior notes is notable in the context of its stock performance.
With approximately 91.04 million shares outstanding and a current share price of $6.46, these offerings signal New York Mortgage Trust?s strategy to capitalize on favorable market conditions and sustain operational efficiency.

Investors looking for yield in a low-interest-rate environment may find the 9.125% interest rate attractive, particularly as the firm continues to navigate through the complexities of the mortgage market.
As New York Mortgage Trust, Inc.
moves forward with these offerings, stakeholders can expect closer attention to how the proceeds will be utilized to further enhance the company?s portfolio and generate shareholder value.

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