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New York Mortgage Trust to Sell Fixed to Floating Preferred

mREIT New York Mortgage Trust (NYMT) has announced a new issue of fixed-to-floating rate preferred.

The company already has 4 high yield issues outstanding which can be seen here–2 of the issues are currently redeemable.

The company hopes to redeem the C series 7.875% preferred (NYMTO) with the proceeds of the new issue.

The preliminary prospectus can be found here.

8675309 was on top of this one. af chiming in.

2 thoughts on “New York Mortgage Trust to Sell Fixed to Floating Preferred”

  1. A couple weeks ago NYMTO had a big seller at 24.62 (plus accrued div). Sure changed fast. I bought 500 and kicking myself for not buying more.

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