Commenting on today's announcement, Steven R. Mumma, the Chairman of the Company's Board of Directors and Chief Executive Officer, stated, "We are excited to welcome Kevin and Michael to the Board. Kevin is a leading asset manager in the multifamily investment space whose investment performance while at RiverBanc was a major factor in the Company's growth in recent years. Moreover, his experience in organizing, growing and charting strategic direction for new businesses, together with his significant expertise and reputation in the multifamily space, is particularly relevant to the Company. Michael is a highly regarded thought leader in the accounting arena who also has significant experience working with financial institutions and financial market participants. His wealth of knowledge in economics, finance and accounting will be of great benefit to the Company and Board." Alan L. Hainey, lead independent director, added "We are excited about the additions of Kevin and Michael. Michael brings significant accounting expertise and an additional independent voice to the board, while Kevin brings a strong strategic mind and the knowledge of an area of significant focus for the Company."About New York Mortgage Trust New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes ("REIT"). NYMT is an internally managed REIT which invests in mortgage-related and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments and other commercial real estate-related investments, Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its targeted asset classes.
For Further InformationCONTACT:AT THE COMPANYKristine R. NarioInvestor RelationsPhone: (646) 216-2363Email: email@example.com