New York Mortgage Trust, Inc. (NYMT) said Tuesday that it has commenced an underwritten registered public offering of 13.5 million shares of common stock.
NYMT also expects to grant the underwriters an option to purchase up to an additional 2.025 million shares of common stock.
The company said it expects to use the net proceeds of the offering to acquire certain of its targeted assets, including Agency residential mortgage-backed securities and certain commercial mortgage-backed securities collateralized by multi-family loans. The company may also use net proceeds for general working capital purposes, including opportunistic purchases of residential mortgage loans and commercial real estate-related debt investments and the repayment of indebtedness.
Deutsche Bank Securities Inc. will serve as the sole bookrunning manager for the offering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.