Secondary Stock OfferingsBy The Online Investor Staff, updated Thu., Feb. 27, 3:19 PM
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Slide #23. New York Mortgage Trust, Inc. — Secondary Offering
New York Mortgage Trust, Inc. (NASDAQ:NYMT)
Secondary Offering Details:
New York Mortgage Trust, Inc. (Nasdaq: NYMT) ("NYMT" or the "Company") announced today that it plans to make a public offering of 40,000,000 shares of its common stock. NYMT also expects to grant the underwriters an option to purchase up to an additional 6,000,000 shares of common stock. Morgan Stanley, J.P. Morgan and UBS Investment Bank will serve as joint bookrunning managers for the offering.
New York Mortgage Trust is a real estate investment trust engaged in acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. Co.'s investment portfolio includes: structured multi-family property investments such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to, owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans, non-Agency residential mortgage-backed securities (RMBS), Agency RMBS and other mortgage-related and residential housing-related assets.
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Buy (2.67 out of 4)
(ranked lower than approx. 76% of all stocks covered)
Based on Zacks ABR data;
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