NYMT Files 8-K with Preferred Stock & Senior Notes Details
Ticker: ADAMI · Form: 8-K · Filed: Dec 10, 2024 · CIK: 1273685
| Field | Detail |
|---|---|
| Company | New York Mortgage Trust Inc (ADAMI) |
| Form Type | 8-K |
| Filed Date | Dec 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $25.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, preferred-stock, filing
Related Tickers: NYMT
TL;DR
NYMT dropped an 8-K detailing preferred stock and senior notes – check the specifics for your exposure.
AI Summary
New York Mortgage Trust Inc. filed an 8-K on December 10, 2024, reporting other events and financial statements. The filing includes details on various series of preferred stock and senior notes, such as Series D, E, F, G preferred stock, and the Nine Point One Two Five Percent Senior Notes Due Two Thousand Twenty Nine.
Why It Matters
This filing provides crucial details about the company's capital structure, including specific series of preferred stock and senior notes, which are important for investors to understand the company's financial obligations and risk profile.
Risk Assessment
Risk Level: medium — The filing details various debt and preferred stock instruments, indicating a complex capital structure that could carry inherent financial risks.
Key Numbers
- 2024-12-10 — Filing Date (Date of the 8-K filing)
- 2024-12-10 — Period of Report (The reporting period for the 8-K)
Key Players & Entities
- NEW YORK MORTGAGE TRUST INC (company) — Filer
- Nine Point One Two Five Percent Senior Notes Due Two Thousand Twenty Nine (dollar_amount) — Debt Instrument
- A8000SeriesDFixedToFloatingRateCumulativeRedeemablePreferredStockParValue001PerShare2500LiquidationPreferenceMember (company) — Preferred Stock Series
- A7875SeriesEFixedToFloatingRateCumulativeRedeemablePreferredStockParValue001PerShare2500LiquidationPreferenceMember (company) — Preferred Stock Series
- A6875SeriesFFixedToFloatingRateCumulativeRedeemablePreferredStockParValue001PerShare2500LiquidationPreferenceMember (company) — Preferred Stock Series
- A7000SeriesGCumulativeRedeemablePreferredStockParValue001PerShare2500LiquidationPreferenceMember (company) — Preferred Stock Series
FAQ
What specific types of financial statements and exhibits are included in this 8-K filing?
The filing indicates 'Financial Statements and Exhibits' are included, but the specific content of these is not detailed in the provided header information.
What is the par value per share for the common stock of New York Mortgage Trust Inc. as indicated in the filing?
The filing indicates 'nymt:CommonStockParValue001PerShareMember', suggesting a par value of $0.01 per share for common stock.
What is the liquidation preference for the Series D, E, F, and G preferred stock?
The filing lists '2500LiquidationPreferenceMember' for Series D, E, F, and G preferred stock, indicating a liquidation preference of $25.00 per share.
What is the interest rate and maturity date for the 'Nine Point One Two Five Percent Senior Notes'?
The filing identifies the notes as 'NinePointOneTwoFivePercentSeniorNotesDueTwoThousandTwentyNineMember', indicating a 9.125% interest rate and a maturity in 2029.
What is the SIC code for New York Mortgage Trust Inc.?
The Standard Industrial Classification (SIC) code for New York Mortgage Trust Inc. is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 623 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2024-12-10 17:09:10
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share NYMT NASDAQ Stock Market 8.0
- $25.00 — erred Stock, par value $0.01 per share, $25.00 Liquidation Preference NYMTN NASDAQ Sto
Filing Documents
- nymt-20241210.htm (8-K) — 35KB
- nymt-pressreleaseq42024div.htm (EX-99.1) — 16KB
- picture1.jpg (GRAPHIC) — 6KB
- 0001273685-24-000084.txt ( ) — 263KB
- nymt-20241210.xsd (EX-101.SCH) — 5KB
- nymt-20241210_def.xml (EX-101.DEF) — 18KB
- nymt-20241210_lab.xml (EX-101.LAB) — 37KB
- nymt-20241210_pre.xml (EX-101.PRE) — 19KB
- nymt-20241210_htm.xml (XML) — 8KB
01. Other Events
Item 8.01. Other Events. On December 10, 2024, New York Mortgage Trust, Inc. (the "Company") issued a press release (the "Press Release") announcing that its Board of Directors (the "Board") declared a regular quarterly cash dividend on its common stock for the quarter ending December 31, 2024. The Company also announced in the Press Release that the Board declared cash dividends on the Company's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the Company's 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the Company's 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and the Company's 7.000% Series G Cumulative Redeemable Preferred Stock for the dividend period that began on October 15, 2024 and ends on January 14, 2025. A copy of the Press Release is filed with this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference herein.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. The following exhibit is being filed with this Current Report on Form 8-K. Exhibit No. Description 99.1 Press Release dated December 10, 2024. 104 Cover Page Interactive Data File-the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. NEW YORK MORTGAGE TRUST, INC. (Registrant) Date: December 10, 2024 By: /s/ Kristine R. Nario-Eng Kristine R. Nario-Eng Chief Financial Officer