New York Mortgage Trust Declares First Quarter 2008 Common Stock Dividend
April 21 2008 - 10:00AM
PR Newswire (US)
Announces Date of Annual Meeting of Stockholders NEW YORK, April 21
/PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (the
"Company" or "NYMT") (OTC:NMTR) (BULLETIN BOARD: NMTR) , a
self-advised real estate investment trust (REIT) announced today
that its Board of Directors declared a cash dividend of $0.06 per
share on shares of its common stock for the quarter ended March 31,
2008. The dividend is payable on May 15, 2008, to common
stockholders of record as of April 30, 2008. New York Mortgage
Trust, Inc. also announced today that its Board of Directors has
set Thursday, June 12, 2008 as the date of the annual meeting of
stockholders and April 23, 2008 as the record date for determining
the stockholders entitled to notice and vote at the annual meeting
of stockholders. The Company will provide further details on the
location of the meeting in its 2008 proxy statement to be filed
with the Securities and Exchange Commission no later than April 29,
2008. About New York Mortgage Trust New York Mortgage Trust, Inc.
is a self-advised real estate investment trust (REIT) in the
business of investing in and managing a portfolio of Agency
mortgage-backed securities (MBS), prime credit quality residential
adjustable rate mortgage (ARM) loans and non-agency mortgage-backed
securities. As a REIT, the Company is not subject to federal income
tax, provided that it distributes at least 90% of its REIT income
to stockholders. Certain statements contained in this press release
may be deemed to be forward-looking statements that predict or
describe future events or trends. The matters described in these
forward-looking statements are subject to known and unknown risks,
uncertainties and other unpredictable factors, many of which are
beyond the Company's control. The Company faces many risks that
could cause its actual performance to differ materially from the
results predicted by its forward-looking statements, including,
without limitation, a rise in interest rates or a unfavorable
change in prepayment rates may cause a decline in the market value
of the Company's assets, borrowings to finance the purchase of
assets may not be available on favorable terms, the Company may not
be able to maintain its qualification as a REIT for federal tax
purposes, the Company may be exposed to the risks associated with
investing in mortgage loans, including changes in loan
delinquencies, and the Company's hedging strategies may not be
effective. The reports that the Company files with the Securities
and Exchange Commission contain a fuller description of these and
many other risks to which the Company is subject. Because of those
risks, the Company's actual results, performance or achievements
may differ materially from the results, performance or achievements
contemplated by its forward- looking statements. The information
set forth in this news release represents management's current
expectations and intentions. The Company assumes no responsibility
to issue updates to the forward-looking matters discussed in this
press release. DATASOURCE: New York Mortgage Trust, Inc. CONTACT:
Steven R. Mumma, Co-CEO, President, Chief Financial Officer of New
York Mortgage Trust, Inc., +1-212-792-0107, ; or General, Joe
Calabrese, +1-212-827-3772, or Analysts, Scott Eckstein,
+1-212-827-3766, both of Financial Relations Board, for New York
Mortgage Trust, Inc.
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