New York Mortgage Trust Announces Public Offering Of Common Stock

NEW YORK, Aug. 15, 2012 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it has commenced an underwritten registered public offering of 10,000,000 shares of common stock. NYMT also expects to grant the underwriters an option to purchase up to an additional 1,500,000 shares of common stock. Deutsche Bank Securities Inc. will serve as the sole bookrunning manager for the offering.

NYMT expects to use the net proceeds of this offering to acquire certain of the Company's targeted assets, including commercial mortgage-backed securities collateralized by multi-family loans ("multi-family CMBS") and agency residential mortgage-backed securities ("RMBS"), which are backed by Fannie Mae, Freddie Mac or Ginnie Mae, on a leveraged basis. The Company may also use net proceeds for general working capital purposes, including the repayment of indebtedness.

All shares of common stock will be offered under NYMT's existing shelf registration statement, which was declared effective by the Securities and Exchange Commission. The offering of these shares is being made only by means of a prospectus supplement and accompanying base prospectus, which will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and accompanying base prospectus related to this offering, when available, may be obtained from Deutsche Bank Securities Inc., Attention: Prospectus Department, 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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