New York Mortgage Trust Declares Common Stock Dividend for the First Quarter Ending March 31, 2019, Payable on April 25, 2019; Declares Preferred Stock Dividends, Payable on April 15, 2019; Elects Jason T. Serrano to the Board of Directors
March 19, 2019 at 04:01 pm EDT
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New York Mortgage Trust, Inc. announced that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending March 31, 2019. The dividend will be payable on April 25, 2019 to common stockholders of record as of March 29, 2019.
In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period that began on January 15, 2019 and ends on April 14, 2019. This dividend is payable on April 15, 2019 to holders of record of Series B Preferred Stock as of April 1, 2019. In accordance with the terms of the 7.875% Series C Cumulative Redeemable Preferred Stock ("Series C Preferred Stock") of the Company, the Board declared a Series C Preferred Stock cash dividend of $0.4921875 per share of Series C Preferred Stock for the quarterly period that began on January 15, 2019 and ends on April 14, 2019. This dividend is payable on April 15, 2019 to holders of record of Series C Preferred Stock as of April 1, 2019. In accordance with the terms of the 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ("Series D Preferred Stock") of the Company, the Board declared a Series D Preferred Stock cash dividend of $0.50 per share of Series D Preferred Stock for the quarterly period that began on January 15, 2019 and ends on April 14, 2019. This dividend is payable on April 15, 2019 to holders of record of Series D Preferred Stock as of April 1, 2019.
The Company also announced that its Board has appointed Jason T. Serrano as a director of the Company, effective immediately. Mr. Serrano was named President of the Company on January 7, 2019.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing, and managing primarily mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholder. The Companyâs investment portfolio includes credit sensitive single-family and multi-family assets, as well as more traditional types of fixed-income investments that provide coupon income, such as Agency residential mortgage-backed securities (RMBS). The Companyâs investments include residential loans, including business purpose loans; structured multi-family property investments such as preferred equity in, and mezzanine loans to, owners of multi-family properties; agency RMBS; non-agency RMBS; commercial mortgage-backed security (CMBS), and other mortgage, residential housing and credit-related assets and strategic investments in companies.
New York Mortgage Trust Declares Common Stock Dividend for the First Quarter Ending March 31, 2019, Payable on April 25, 2019; Declares Preferred Stock Dividends, Payable on April 15, 2019; Elects Jason T. Serrano to the Board of Directors
NEW YORK MORTGAGE TRUST, INC. 
