NEW YORK, Sept. 29 NY-NYMT-Q308-Dividend
NEW YORK, Sept. 29 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc.
(the "Company") (Nasdaq: NYMT) announced today that its Board of Directors
declared on September 26, 2008 a cash dividend of $0.16 per share on shares of
its common stock for the quarter ended September 30, 2008. The dividend is
payable on October 27, 2008, to common stockholders of record as of October
10, 2008.
In addition, the Board of Directors declared a dividend of $0.50 per share
on shares of its Series A Preferred Stock for the 2008 third quarter in
accordance with the terms of the Series A Preferred Stock. The dividend will
be payable on October 31, 2008 to stockholders of record on September 30,
2008.
About New York Mortgage Trust
New York Mortgage Trust, Inc. is a self-advised real estate investment
trust (REIT) in the business of investing in and managing a portfolio of
Agency mortgage-backed securities (MBS), prime credit quality residential
adjustable rate mortgage (ARM) loans and non-agency mortgage-backed
securities. As a REIT, the Company is not subject to federal income tax,
provided that it distributes at least 90% of its REIT income to stockholders.
For Further Information
Certain statements contained in this press release may be deemed to be
forward-looking statements that predict or describe future events or trends.
The matters described in these forward-looking statements are subject to known
and unknown risks, uncertainties and other unpredictable factors, many of
which are beyond the Company's control. The Company faces many risks that
could cause its actual performance to differ materially from the results
predicted by its forward-looking statements, including, without limitation,
changes in business conditions and the general economy, a rise in interest
rates or an unfavorable change in prepayment rates may cause a decline in the
market value of the Company's assets, borrowings to finance the purchase of
assets may not be available on favorable terms, the Company may not be able to
maintain its qualification as a REIT for federal tax purposes, the Company may
be exposed to the risks associated with investing in mortgage loans, including
changes in loan delinquencies, and the Company's hedging strategies may not be
effective. The reports that the Company files with the Securities and Exchange
Commission contain a more detailed description of these and many other risks
to which the Company is subject. Because of those risks, the Company's actual
results, performance or achievements may differ materially from the results,
performance or achievements contemplated by its forward- looking statements.
The information set forth in this news release represents management's current
expectations and intentions. The Company assumes no responsibility to issue
updates to the forward-looking matters discussed in this press release.
SOURCE New York Mortgage Trust, Inc.
