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New York Mortgage Trust plans to price public sale of common shares
Ladenburg Thalmann assists; offering also will have 30-day greenshoe
By Devika Patel
Knoxville, Tenn., May 24- New York Mortgage Trust, Inc. plans to price a public offering of common stock with a 30-day greenshoe option, according to a prospectus supplement filed Thursday with the Securities and Exchange Commission.
Ladenburg Thalmann & Co. Inc. is the bookrunner.
Proceeds will be used to acquire certain targeted assets and for general working capital, including debt repayment.
New York Mortgage is a New York-based real estate investment trust.
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