New York Mortgage intends to price public offering of common stock

Company offers 13.5 million shares via bookrunner Deutsche

By Devika Patel

Knoxville, Tenn., Oct. 2 - New York Mortgage Trust, Inc. said it will price a public offering of 13.5 million common shares. The deal will have a 30-day greenshoe of an additional 2,025,000 shares.

Deutsche Bank Securities Inc. is the bookrunning manager.

Proceeds will be used to acquire certain target assets, including agency residential mortgage-backed securities and commercial mortgage-backed securities collateralized by multi-family loans and for general working capital purposes, including opportunistic purchases of residential mortgage loans and commercial real estate-related debt investments and debt repayment.

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

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