New York Mortgage Trust Declares Special Dividend of $0.10 Per Share

New York Mortgage Trust, Inc. NYMT announced today that its Board of Directors declared a regular quarterly cash dividend of $0.25 per share on shares of its common stock for the quarter ending December 31, 2011, and an additional special cash dividend of $0.10 per share of common stock. The dividends will be payable on January 25, 2012 to common stockholders of record as of December 27, 2011. The payment of the special dividend is due to the fact that the Company anticipates that its REIT taxable income for 2011 will exceed the sum of the regular quarterly dividends paid to date and the regular quarterly cash dividend of $0.25 per share of common stock for the quarter ending December 31, 2011. As a REIT, the Company is required to distribute annually to stockholders at least 90% of its REIT taxable income.