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New York Mortgage Trust Inc Announces Pricing Of Public Offering Of Common Stock

Thursday, 16 Aug 2012 08:49am EDT 

New York Mortgage Trust Inc announced that it priced an underwritten registered public offering of 10,000,000 shares of common stock at a public offering price of $6.73 per share. NYMT also granted the underwriters an option to purchase up to an additional 1,500,000 shares of common stock. The offering is expected to close on August 21, 2012. Deutsche Bank Securities Inc. is serving as the sole book running manager for the offering. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc., is serving as co-manager. NYMT expects to use the net proceeds of this offering to acquire certain of the Company's targeted assets, including commercial mortgage-backed securities collateralized by multi-family loans (multi-family CMBS) and agency residential mortgage-backed securities (RMBS), which are backed by Fannie Mae, Freddie Mac or Ginnie Mae, on a leveraged basis. The Company may also use net proceeds for general working capital purposes, including the repayment of indebtedness. 

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23 Jul 2014