Tranche Update on New York Mortgage Trust, Inc.'s Equity Buyback Plan announced on February 17, 2022.
May 03, 2023 at 04:15 pm EDT
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From January 1, 2023 to March 31, 2023, the company has repurchased 377,508 shares, representing 0.41% for $3.61 million. With this, the company has completed the repurchase of 17,007,123 shares, representing 18.09% for $47.96 million under the buyback announced on February 17, 2022.
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, INC. 
