NYMTL New York Mortgage Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Preferred
Holders of Series F Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, October 15, 2026 at a fixed rate equal to 6.875% per annum of the $25.00 per share liquidation preference (equivalent to $1.71875 per annum per share) and (ii) from and including October 15, 2026 at a floating rate equal to a benchmark rate (which is expected to be Three-Month Term SOFR (as defined below)) plus a spread of 6.130% per annum of the $25.00 per share liquidation preference. Dividends will be payable quarterly in arrears on or about the 15th day of January, April, July and October of each year, when and as declared, beginning on October 15, 2021 (long first dividend period). Dividends will accumulate and be cumulative from, and including, the date of original issuance of the Series F Preferred Stock. On or after October 15, 2026, we may, at our option, upon not less than 30 nor more than 60 days’ notice and subject to certain procedural requirements, redeem any or all of the shares of the Series F Preferred Stock for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date, without interest. This security was issued by New York Mortgage Trust Inc , whose common stock symbol is NYMT.
$16.98 +0.23 (1.34%)
As of 03/27/2023 13:12:08 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: REIT—Mortgage
Index country: USA
Country of incorporation: USA
IPO date: 07/08/2021
Outstanding shares: 5,000,000
Average volume: 6,963
Market cap: $86,050,000
Current dividend yield: 9.99% calculation
Initial coupon rate: 6.875%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 10/15/2026
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BMC4Z64