New York Mortgage Trust (NYMT) Announces Proposed 25M Share Common Offering
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New York Mortgage Trust Announces Public Offering of Common Stock
November 19, 2019 4:04 PM ESTNEW YORK, Nov. 19, 2019 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (NYMT or the Company) announced today that it plans to make a public offering of 25,000,000 shares of its common stock. NYMT also expects to grant the underwriter an option to purchase up to an additional 3,750,000 shares of common stock. Morgan Stanley will serve as sole bookrunning manager for the offering.
NYMT intends to use the net proceeds of this offering for general business purposes, which may include, among other things, acquiring its targeted assets, including both single-family... More
