New York Mortgage Trust Inc. $(NYMT)$ has entered into an equity distribution agreement with JonesTrading Institutional Services LLC, allowing the company to sell shares of its preferred stock series: 8.00% Series D, 7.875% Series E, and 6.875% Series F. The transactions involve selling these shares on the Nasdaq Global Select Market or through privately negotiated transactions. The Agent, JonesTrading, will receive compensation of up to 2.0% of the gross proceeds from these sales. The total number of shares and specific prices per transaction are not disclosed in the document.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.