NYMT Initiates Preferred Stock ATM Program with Equity Distribution Agreement for Series D, E, and F Preferred Shares

Reuters
14 Jun
NYMT Initiates Preferred Stock ATM Program with Equity Distribution Agreement for Series D, E, and F Preferred Shares

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.

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