NEW YORK, Jan. 7, 2014 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it priced an underwritten public offering of 10,000,000 shares of common stock at a public offering price of $6.81 per share. NYMT also granted the underwriters an option to purchase up to an additional 1,500,000 shares of common stock. The offering is expected to close on January 10, 2014, subject to customary closing conditions. UBS Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC acted as joint bookrunning managers for the offering. Keefe, Bruyette & Woods, Inc. and RBC Capital Markets, LLC acted as co-lead managers and JMP Securities LLC and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), acted as co-managers for the offering.
New York Mortgage Trust Announces Pricing Of Public Offering Of Common Stock
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts