New York Mortgage Trust, Inc. Announces Pricing of Public Offering of Senior Notes

Core Viewpoint - New York Mortgage Trust, Inc. announced a public offering of $60 million in senior notes with a 9.125% interest rate due in 2029, with a potential additional $9 million for overallotments [1] Group 1: Offering Details - The offering is expected to close on June 28, 2024, pending customary closing conditions [1] - The notes will be senior unsecured obligations of the company, paying interest quarterly starting October 1, 2024, and maturing on July 1, 2029 [10] - The company has applied to list the notes on the Nasdaq Global Select Market under the symbol "NYMTI" [5] Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including acquiring targeted assets such as single-family and multi-family residential assets [14] Group 3: Underwriters - The offering is managed by a consortium of financial institutions including Morgan Stanley, RBC Capital Markets, UBS Securities, Wells Fargo Securities, Keefe, Bruyette & Woods, and Piper Sandler [2]