New York Mortgage Trust Announces Tax Treatment Of Dividends Paid In 2005
New York Mortgage Trust Announces Tax Treatment of Dividends Paid in 2005NEW YORK, March 13 /PRNewswire-FirstCall/ -- New York Mortgage Trust, Inc. (NYSE: NTR), a self-advised residential mortgage finance company organized as a real estate investment trust ("REIT"), announced today the tax treatment of the dividends paid in 2005 on its common stock.
During 2005, taxable dividends for New York Mortgage Trust's common stock were $0.95 per share. The Company's common stock is currently listed under the CUSIP #649604-10-5 and trades under the NYSE ticker symbol NTR. For tax reporting purposes, the 2005 taxable dividend will be classified as follows: $0.81532 as ordinary income and $0.13468 as a return of capital. The following table contains this information on a quarterly basis.
| Declaration Date | Record Date | Payment Date | Cash Distri bution per share | Short-term Income Dividends | Total Taxable Capital Gain | Ordinary Dividend | Return of Capital |
| 12/16/04 | 1/6/05 | 1/26/05 | $0.24 | $0.21558 | $0.02076 | $0.23634 | $0.00366 |
| 3/11/05 | 4/6/05 | 4/26/05 | $0.25 | $0.18931 | $0.03005 | $0.21936 | $0.03064 |
| 6/2/05 | 6/14/05 | 6/26/05 | $0.25 | $0.15421 | $0.07059 | $0.22480 | $0.02520 |
| 9/26/05 | 10/6/05 | 10/26/05 | $0.21 | $0.13482 | $-- | $0.13482 | $0.07518 |
| Total 2005 Cash Distribution | $0.95 | $0.69392 | $0.12140 | $0.81532 | $0.13468 | ||
About New York Mortgage Trust
New York Mortgage Trust, Inc. (NYMT) is a real estate investment trust (REIT) focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT's wholly owned mortgage origination business, The New York Mortgage Company, LLC (NYMC), a taxable REIT subsidiary. The ability to build a portion of its loan portfolio from loans internally originated is a cornerstone of NYMT's strategy.
This news release contains forward-looking statements that predict or describe future events or trends. The matters described in these forward- looking statements are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company faces many risks that could cause its actual performance to differ materially from the results predicted by its forward-looking statements, including, without limitation, the possibilities that a rise in interest rates may cause a decline in the market value of the Company's assets, a decrease in the demand for mortgage loans may have a negative effect on the Company's volume of closed loan originations, prepayment rates may change, borrowings to finance the purchase of assets may not be available on favorable terms, the Company may not be able to maintain its qualification as a REIT for federal tax purposes, the Company may experience the risks associated with investing in real estate, including changes in business conditions and the general economy, and the Company's hedging strategies may not be effective. The reports that the Company files with the Securities and Exchange Commission contain a fuller description of these and many other risks to which the Company is subject. Because of those risks, the Company's actual results, performance or achievements may differ materially from the results, performance or achievements contemplated by its forward-looking statements. The information set forth in this news release represents management's current expectations and intentions. The Company assumes no responsibility to issue updates to the forward-looking matters discussed in this news release.
SOURCE New York Mortgage Trust, Inc.
CONTACT: Michael I. Wirth, Chief Financial Officer of New York Mortgage
Trust, +1-212-634-2342, [email protected]; or General - Joe Calabrese,
+1-212-827-3772, or Analysts - Julie Tu, +1-212-827-3776, both of Financial
Relations Board for New York Mortgage Trust/
(NTR)