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New York Mortgage negotiates $25 million at-the-market sale of shares
JMP Securities is agent; proceeds help acquire mortgage-related assets
By Devika Patel
Knoxville, Tenn., June 11 - New York Mortgage Trust, Inc. arranged a $25 million at-the-market equity sales agreement with JMP Securities LLC on June 11, according to a prospectus supplement and 8-K filed Monday with the Securities and Exchange Commission.
Proceeds will be used to acquire targeted assets, including multi-family CMBS and Agency RMBS, and various other types of mortgage-related and financial assets.
New York Mortgage is a New York-based real estate investment trust.
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