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New York Mortgage plans to price public offering of 10 million shares
Bookrunners UBS Securities, Barclays Capital and Credit Suisse assist
By Devika Patel
Knoxville, Tenn., Jan. 6 - New York Mortgage Trust, Inc. said it will price a public sale of 10 million common shares with a 30-day greenshoe of an additional 1.5 million shares.
UBS Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers. Keefe, Bruyette & Woods, Inc. and RBC Capital Markets, LLC are the co-lead managers.
Proceeds will be used to acquire distressed residential loans and invest in multi-family commercial mortgage-backed securities, mezzanine loans and preferred equity investments, and for general working capital purposes, including debt repayment.
New York Mortgage is a New York-based real estate investment trust.
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