New York Mortgage Trust aims to price public offering of common stock

Bookrunner Ladenburg Thalmann assists; deal funds asset acquisitions

By Devika Patel

Knoxville, Tenn., June 27 - New York Mortgage Trust, Inc. will price a public sale of its common stock, according to a prospectus supplement filed Monday with the Securities and Exchange Commission.

The company will sell 2 million shares on a firm-commitment basis with a greenshoe of 300,000 shares.

Ladenburg Thalmann & Co. Inc. is the bookrunner. Settlement is expected in July.

Proceeds will be used to acquire certain target assets, including commercial mortgage loans, commercial mortgage-backed securities and agency residential mortgage-backed securities.

The real estate investment trust is based in New York.

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