NYMT Files 8-K on Preferred Stock and Debt

TL;DR

NYMT filed an 8-K detailing preferred stock series and senior notes due 2029.

AI Summary

New York Mortgage Trust, Inc. filed an 8-K on January 14, 2025, reporting on other events and financial statements. The filing details various series of preferred stock, including Series D, E, F, and G, along with Senior Notes due 2029. Specific financial figures or transaction details beyond the identification of these securities are not provided in this excerpt.

Why It Matters

This filing provides an update on the company's capital structure, including details on its preferred stock and senior notes, which are important for investors to understand its financial obligations and composition.

Risk Assessment

Risk Level: low — The filing is primarily informational, detailing existing securities without reporting new material events or financial distress.

Key Players & Entities

• NEW YORK MORTGAGE TRUST, INC. (company) — Filer
• Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (security) — Preferred Stock Series
• Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (security) — Preferred Stock Series
• Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (security) — Preferred Stock Series
• Series G Cumulative Redeemable Preferred Stock (security) — Preferred Stock Series
• Senior Notes due 2029 (security) — Debt Instrument

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 per share NYMT NASDAQ Stock Market
• $25.00 — erred Stock, par value $0.01 per share, $25.00 Liquidation Preference NYMTN NASDAQ
• $82.5 million — y"), completed the issuance and sale of $82.5 million aggregate principal amount of its 9.125
• $7.5 million — due 2030 (the "Notes"), which includes $7.5 million aggregate principal amount of the Notes
• $11.25 million — option to purchase up to an additional $11.25 million aggregate principal amount of the Notes
• $79.3 million — enses, are expected to be approximately $79.3 million. The Company intends to use the net pro

Filing Documents

• tm253032d2_8k.htm (8-K) — 56KB
• tm253032d2_ex1-1.htm (EX-1.1) — 198KB
• tm253032d2_ex5-1.htm (EX-5.1) — 18KB
• tm253032d2_ex5-2.htm (EX-5.2) — 22KB
• tm253032d2_ex8-1.htm (EX-8.1) — 31KB
• tm253032d2_ex5-1img001.jpg (GRAPHIC) — 51KB
• tm253032d2_ex5-1img002.jpg (GRAPHIC) — 23KB
• tm253032d2_ex5-2img001.jpg (GRAPHIC) — 3KB
• tm253032d2_ex8-1img001.jpg (GRAPHIC) — 3KB
• tm253032d2_ex8-1img002.jpg (GRAPHIC) — 1KB
• 0001104659-25-003447.txt ( ) — 756KB
• nymt-20250114.xsd (EX-101.SCH) — 5KB
• nymt-20250114_def.xml (EX-101.DEF) — 29KB
• nymt-20250114_lab.xml (EX-101.LAB) — 43KB
• nymt-20250114_pre.xml (EX-101.PRE) — 27KB
• tm253032d2_8k_htm.xml (XML) — 11KB

01. Other Events

Item 8.01. Other Events. On January 14, 2025, New York Mortgage Trust, Inc., a Maryland corporation (the "Company"), completed the issuance and sale of $82.5 million aggregate principal amount of its 9.125% Senior Notes due 2030 (the "Notes"), which includes $7.5 million aggregate principal amount of the Notes issued and sold pursuant to the Underwriters' (as defined below) partial exercise of their over-allotment option granted pursuant to the Underwriting Agreement (as defined below), in a public offering pursuant to the Company's registration statement on Form S-3 (File No. 333-281046) (the "Registration Statement") and a related prospectus, as supplemented by a preliminary prospectus supplement, dated January 8, 2025 and a final prospectus supplement dated January 8, 2025, each filed with the Securities Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the "Securities Act"). Pursuant to the Underwriting Agreement, the Company granted the Underwriters a 30-day option to purchase up to an additional $11.25 million aggregate principal amount of the Notes to cover over-allotments, which the Underwriters exercised in part on January 13, 2025. The Notes were sold pursuant to an underwriting agreement (the "Underwriting Agreement"), dated as of January 8, 2025, by and among the Company and Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC as representatives of the several underwriters named therein (collectively, the "Underwriters"), whereby the Company agreed to sell to the Underwriters and the Underwriters agreed to purchase from the Company, subject to and upon the terms and conditions set forth in the Underwriting Agreement, the Notes. The Company made certain customary representations, warranties and covenants concerning the Company and the Registration Statement in the Underwriting Agreement and also agreed to indemnify the Underwriters against cer

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Description 1.1 Underwriting Agreement, dated January 8, 2025, by and among the Company and Morgan Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC as representatives of the several underwriters named therein. 4.1 Indenture, dated January 23, 2017, between the Company and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee (incorporated herein by reference to Exhibit 4.1 to the Company's Form 8-K, dated January 23, 2017). 4.2 Third Supplemental Indenture, dated January 14, 2025, between the Company and U.S. Bank Trust Company, National Association, as trustee (incorporated herein by reference to Exhibit 4.11 to the Company's Registration Statement on Form 8-A, dated January 14, 2025). 4.3 Form of 9.125% Senior Notes Due 2030 of the Company (attached as Exhibit A to the Third Supplemental Indenture, incorporated herein by reference to Exhibit 4.11 to the Company's Registration Statement on Form 8-A, dated January 14, 2025). 5.1 Opinion of Venable LLP regarding the legality of the Notes. 5.2 Opinion of Vinson & Elkins L.L.P. regarding the legality of the Notes. 8.1 Opinion of Vinson & Elkins L.L.P. regarding certain tax matters. 23.1 Consent of Venable LLP (included in Exhibit 5.1 hereto). 23.2 Consent of Vinson & Elkins L.L.P. (included in Exhibits 5.2 and 8.1 hereto). 104 Cover Page Interactive Data File (formatted as Inline XBRL). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEW YORK MORTGAGE TRUST, INC. (Registrant) By: /s/ Kristine R. Nario-Eng Name: Kristine R. Nario-Eng Title: Chief Financial Officer Date: January 14, 2025 3

View Full Filing

View this 8-K filing on SEC EDGAR