New York Mortgage Trust Offering 13.5M Shares

New York Mortgage Trust, Inc.

("NYMT" or the "Company") announced today that it has commenced an underwritten registered public offering of 13,500,000 shares of common stock. NYMT also expects to grant the underwriters an option to purchase up to an additional 2,025,000 shares of common stock. Deutsche Bank Securities Inc. will serve as the sole bookrunning manager for the offering. NYMT expects to use the net proceeds of this offering to acquire certain of the Company's targeted assets, including Agency residential mortgage-backed securities ("RMBS") and certain commercial mortgage-backed securities collateralized by multi-family loans ("multi-family CMBS"). The Company may also use net proceeds for general working capital purposes, including opportunistic purchases of residential mortgage loans and commercial real estate-related debt investments and the repayment of indebtedness.