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New York Mortgage Trust Announces Exercise Of Underwriters' Option To Purchase Additional Shares

NEW YORK, Oct. 4, 2012 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") today announced that the underwriters of its underwritten registered public offering of 13,500,000 shares of common stock have exercised in full their option to purchase an additional 2,025,000 shares of common stock from the Company. Subject to customary closing conditions, the closing for the additional 2,025,000 shares is expected to occur concurrent with the closing for the 13,500,000 shares on October 9, 2012.

The Company will receive proceeds of approximately $13.6 million from the sale of the additional shares, net of the underwriting discounts and commissions payable on such additional shares. After deducting the underwriting discounts and commissions as well as the offering expenses payable by NYMT, the Company will receive total net proceeds of approximately $104.2 million from the sale of 15,525,000 shares of common stock in the offering, including the purchase of the additional shares by the underwriters.

All shares of common stock were offered under NYMT's existing shelf registration statement, which was declared effective by the Securities and Exchange Commission. The offering of these shares was made only by means of a prospectus, which was filed with the Securities and Exchange Commission. Copies of the prospectus related to this offering, when available, may be obtained from Deutsche Bank Securities Inc., Attention: Prospectus Group, at 60 Wall Street, New York, New York 10005-2836, by e-mail at prospectus.cpdg@db.com, or by telephone at (800) 503-4611.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the offered shares or any other securities, nor shall there be any sale of such shares or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

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