New York Mortgage Trust, Inc. (NYMT) Prices Public Offering of Common Stock

New York Mortgage Trust, a Maryland Corporation that has elected to be taxed as a real estate investment trust, announced on April 30 that it has priced a public offering of 13,600,000 shares of common stock, totaling estimated gross proceeds of around $97.4 million. The company also granted underwriters the option to purchase up to an additional 2,040,000 shares of common stock. Expected to close on May 3, the offering is subject to customary closing conditions. Serving as joint bookrunners for the offering are Deutsche Bank Securities and Credit Suisse. Serving as co-managers are JMP Securities LLC; Ladenburg Thalmann & Co., Inc., which is a subsidiary of Ladenburg Thalmann Financial Services, Inc.; and Maxim Group LLC.

NYMT plans initially to use the net proceeds of the offering primarily to acquire Agency RMBS (including Agency interest-only securities) and certain other of its targeted assets. The company intends, over time, to redeploy a substantial portion of the net proceeds from the offering to acquire certain of its other targeted assets. NYMT may additionally use net proceeds for working capital, including repaying indebtedness.

All shares of NYMT’s common stock are being offered under the company’s existing shelf registration statement, declared effective on Jan. 28, 2013, by the Securities and Exchange Commission. The offering of these shares is being made by means of a prospectus and a related prospectus supplement only, which are to be filed with the Securities and Exchange Commission. Interested parties may obtain copies of the prospectus and prospectus supplement from Deutsch Bank Securities by e-mailing prospectus.cpdg@db.com or calling 800-503-4611.

Copies of the prospectus and prospectus supplement can also be obtained from Credit Suisse Securities by e-mailing newyork.prospectus@credit-suisse.com or calling 800-221-1037.

For more information about New York Mortgage Trust, visit www.nymtrust.com

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