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New York Mortgage Trust, Inc. 8-K Report: A Deep Dive into Stock and Debt Instruments

$NYMT
Form 8-K
Filed on: 2025-02-19
Source
New York Mortgage Trust, Inc. 8-K Report: A Deep Dive into Stock and Debt Instruments

Based on the provided financial report excerpt, here are the key insights and information extracted:

  1. Entity Identification:
  • Company Name: New York Mortgage Trust, Inc.
  • CIK Number: 0001273685
  • SEC Filing Type: 8-K
  • Filing Date: February 19, 2025
  • Address: 90 Park Avenue, New York, NY 10016
  • Phone Number: 212-792-0107
  1. Stock Information:
  • Common Stock: Par value of $0.01 per share.
  • Preferred Stock Types:
    • 8.000% Series D: Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01, with a $25.00 liquidation preference (Ticker: NYMTN).
    • 7.875% Series E: Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01, with a $25.00 liquidation preference (Ticker: NYMTM).
    • 6.875% Series F: Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01, with a $25.00 liquidation preference (Ticker: NYMTL).
    • 7.000% Series G: Cumulative Redeemable Preferred Stock, par value $0.01, with a $25.00 liquidation preference (Ticker: NYMTZ).
  1. Debt Instruments:
  • Senior Notes:
    • 9.125% Senior Notes: Due in 2029 (Ticker: NYMTG).
    • 9.125% Senior Notes: Due in 2030 (Ticker: NYMTI).
  1. Reporting Period:
  • The reporting period for all financial instruments discussed is February 19, 2025.
  1. Key Financial Metrics:
  • The preferred stocks carry a liquidation preference of $25.00 per share, indicating the amount that will be paid to preferred stockholders in the event of liquidation before common stockholders.
  1. Market Information:
  • The common stock and preferred stocks are listed on NASDAQ, indicating that they are publicly traded securities.

Conclusion:

This report provides an overview of New York Mortgage Trust, Inc., focusing on its stock structure, including common and preferred shares, as well as its outstanding senior notes. The company is positioned in the mortgage finance sector with its preferred shares offering fixed and floating rates, which may appeal to investors looking for income-generating investments. The specific details regarding the liquidation preferences and interest rates on senior notes provide valuable insights into the company's capital structure and potential financial obligations.