New York Mortgage Trust Announces Pricing of Public Offering of Common Stock; 4.5M Shares at $6.70/Share

New York Mortgage Trust, Inc.

("NYMT" or the "Company") announced today that it priced an underwritten registered public offering of 4,500,000 shares of common stock at a public offering price of $6.70 per share. NYMT also granted the underwriters an option to purchase up to an additional 675,000 shares of common stock to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on July 17, 2012. Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), is serving as sole bookrunning manager for the offering. Aegis Capital Corp., Maxim Group LLC and National Securities Corporation are serving as co-managers. NYMT expects to use the net proceeds of this offering to acquire certain of the Company's targeted assets, including commercial mortgage-backed securities collateralized by multi-family loans ("multi-family CMBS") and Agency residential mortgage-backed securities ("RMBS"). The Company may also use net proceeds for general working capital purposes, including the repayment of indebtedness.