New York Mortgage Trust Declares Second Quarter 2020 Common Stock Dividend of $0.05 Per Share and Resumes Payment of Preferred Stock Dividends

NEW YORK, June 15, 2020 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.05 per share on shares of its common stock for the quarter ending June 30, 2020. The dividend will be payable on July 27, 2020 to common stockholders of record as of the close of business on July 1, 2020.

In addition, the Board reinstated the payment of cash dividends on the Company’s 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”), 7.875% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”), 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”) and 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series E Preferred Stock”) as stated below.

Preferred Stock Dividends in Arrears

The Board declared cash dividends for the quarterly period that began on January 15, 2020 and ended on April 14, 2020 as follows:

Class of Preferred Stock		Series B			Series C			Series D			Series E
Record Date		July 1, 2020			July 1, 2020			July 1, 2020			July 1, 2020
Payment Date		July 15, 2020			July 15, 2020			July 15, 2020			July 15, 2020
Cash Dividend Per Share		$0.484375			$0.4921875			$0.50			$0.4921875

Current Quarterly Preferred Stock Dividends