New York Mortgage Trust intends to redeem all 7.75% series B preferreds

Chicago, Nov. 17 – New York Mortgage Trust, Inc. reported that it intends to redeem all of the outstanding shares of its 7.75% series B cumulative redeemable preferred stock with the proceeds from a new offering of series G preferred stock, according to a press release.

New York Mortgage is a New York-based real estate investment trust.

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