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New York Mortgage Trust Inc 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 7.875% until 1/15/2025 at which point it begins to float at 3 month Libor plus a spread of 6.429%

Ticker: NYMTM

Parent Ticker: NYMT

OTC Grey Market Temporary Ticker: NYMGP

Issuance Date: 10/10/2019

1st Call Date: 01/15/2025

Maturity Date: None

Shares Issued: 6,000,000

Overallotment Shares: 900,000

Coupon: 7.875%

Face Value: $25.00

Cumulative: Yes

Qualified: No

Quarterly Dividend Amount: 0.4922

Ex-Dividend Months: MAR, JUN, SEP, DEC

Approx. Ex-Dividend Day: 30

Payment Months: JAN, APR, JUL, OCT

Payment Day: 15

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR