Key Developments For New York Mortgage Trust, Inc.
New York Mortgage Trust, Inc. (NYMT.O) (Consolidated Issue listed on NASDAQ Capital Market)
New York Mortgage Trust, Inc. Announces Filing Of Shelf Registration Statement
New York Mortgage Trust, Inc. announced that it has filed a shelf registration statement or Form S-3 with the Securities and Exchange Commission (SEC). Upon being declared effective by the SEC, the shelf registration statement will allow the Company to raise up to an aggregate of $50 million through the sale of common stock, through one or more offerings from time to time in the future, including offerings that may be deemed at the market" offerings. In accordance with the transaction requirements of Form S-3, until such time as the aggregate market value of the Company's common stock held by non-affiliates (Company's Public Float) exceeds $75 million, the Company will be limited to issuing shares from the shelf registration statement during a rolling period of 12 calendar months with an aggregate market value that does not exceed one-third of the Company's Public Float. Pursuant to the shelf registration statement filed with the SEC, the net proceeds from the sale of any shares to be registered thereunder will be used to finance the acquisition of Agency RMBS, non-Agency RMBS and other alternative assets, subject to maintaining the Company's REIT qualification and its exemption under the Investment Company Act of 1940, as amended, as well as for other general corporate purposes described in the shelf registration statement.
New York Mortgage Trust, Inc. Declares Third Quarter 2009 Common Stock Dividend of $0.25 Per Share
New York Mortgage Trust, Inc. announced that its Board of Directors has declared on September 28, 2009 a cash dividend of $0.25 per share on shares of its common stock for the quarter ended September 30, 2009. The dividend is payable on October 26, 2009 to common stockholders of record as of October 13, 2009. In addition, the Board of Directors declared a dividend of $0.625 per share on shares of its Series A Preferred Stock for the 2009 third quarter in accordance with the terms of the Series A Preferred Stock. The dividend will be payable on October 31, 2009 to stockholders of record on September 30, 2009.
New York Mortgage Trust, Inc. Declares Second Quarter 2009 Common Stock Dividend Of $0.23 Per Share
New York Mortgage Trust, Inc. announced that its Board of Directors declared on June 14, 2009 a cash dividend of $0.23 per share on shares of its common stock for the quarter ended June 30, 2009. The dividend is payable on July 27, 2009 to common stockholders of record as of June 26, 2009.
New York Mortgage Trust, Inc. Issues Q1 2009 EPS Guidance; Declares Dividend
New York Mortgage Trust, Inc. announced that for first quarter of 2009, it expects GAAP earnings per share (EPS) range of $0.20 to $0.24 per common share. The Company also announced that it has declared a first quarter cash dividend of $0.18 per common share on March 25, 2009, up from $0.10 per common share in the previous quarter, payable on April 27, 2009 for stockholders of record as of April 6, 2009.
New York Mortgage Trust, Inc. Announces Resignation Of David A. Akre As Co-Chief Executive Officer
New York Mortgage Trust, Inc. announced that David A. Akre, Co-Chief Executive Officer of the Company and a member of its Board of Directors, resigned from all positions with the Company effective immediately. Steven R. Mumma, Co-Chief Executive Officer, President and Chief Financial Officer of the Company and a member of the Company's Board of Directors, became the Company's sole Chief Executive Officer, while retaining his other positions with the Company.
