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New York Mortgage Trust Announces Tax Treatment of Preferred Stock Dividends for 2013

Feb 05, 2014

New York Mortgage Trust Announces Tax Treatment of Preferred Stock Dividends for 2013

 

NEW YORK, Feb. 5, 2014 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") today announced the following tax treatment for dividends declared in 2013 on the Company's 7.75% Series B Cumulative Redeemable Preferred Stock (Nasdaq:NYMTP) ("Series B Preferred Stock").

      Cash Taxable Return Of
Declaration Record Payment Distribution  Ordinary  Capital
Date Date Date Per Share Dividend Dividend
6/18/2013 7/1/2013 7/15/2013 $0.220660 $0.220660 --
9/12/2013 10/1/2013 10/15/2013 $0.484375 $0.484375 --
12/10/2013 1/1/2014 1/15/2014 $0.484375 $0.484375 --
Total 2013 Cash Distribution $1.189410 $1.189410 --

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of dividends on the Company's Series B Preferred Stock.

About New York Mortgage Trust

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust ("REIT"). The Company invests in mortgage-related and financial assets and targets multi-family CMBS, direct financing to owners of multi-family properties through mezzanine and preferred equity investments, residential mortgage loans, including loans sourced from distressed markets, Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans.

CONTACT: For Further Information

         AT THE COMPANY

         Kristine R. Nario

         Investor Relations

         Phone: (646) 216-2363

         Email: knario@nymtrust.com

 

 

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