New York Mortgage Trust Announces Tax Treatment of 2017 Dividend Distributions

30 Jan 2018

NEW YORK, Jan. 30, 2018 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) (“NYMT” or the “Company”) today announced the following tax treatment of common and preferred stock dividends declared in 2017. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions of taxable income by the Company.

Stockholders should review the 2017 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Also, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their specific tax treatment of the Company's dividend distributions.

The Company's dividend distributions per share of common stock (CUSIP #649604501) are to be classified for income tax purposes as follows:

Declaration
Date

Record
Date

Payment
Date

2017
Distribution
Per Share

Box 1a

Box 1b

Box 2a

Box 2b

Box 3

2017
Ordinary
Dividend

2017
Qualified
Dividend

2017
Capital
Gain
Distribution

2017
Unrecaptured
Section 1250
Gain

2017
Non
Dividend
Distributions

3/16/2017

3/27/2017

4/25/2017

$0.200000

$0.114801

$0.012348

$0.042528

$0.002574

$0.042671

6/14/2017

6/26/2017

7/25/2017

$0.200000

$0.114801

$0.012348

$0.042528

$0.002574

$0.042671

9/14/2017

9/25/2017

10/25/2017

$0.200000

$0.114801

$0.012348

$0.042528

$0.002574

$0.042671

12/7/2017

12/18/2017

1/25/2018

$0.200000

$0.114801

$0.012348

$0.042528

$0.002574

$0.042671

Totals

$0.800000

$0.459204

$0.049392

$0.170112

$0.010296

$0.170684

The Company's dividend distributions per share of 7.75% Series B Cumulative Redeemable Preferred Stock (CUSIP #649604709) are to be classified for income tax purposes as follows:

					Box 1a		Box 1b		Box 2a		Box 2b		Box 3
Declaration Date	Record Date	Payment Date	2017 Distribution Per Share		2017 Ordinary Dividend		2017 Qualified Dividend		2017 Capital Gain Distribution		2017 Unrecaptured Section 1250 Gain		2017 Non Dividend Distributions
12/15/2016	1/1/2017	1/15/2017		$0.484375		$0.381378		$0.029906		$0.102997		$0.006234	-
3/16/2017	4/1/2017	4/15/2017		$0.484375		$0.381378		$0.029906		$0.102997		$0.006234	-
6/14/2017	7/1/2017	7/15/2017		$0.484375		$0.381378		$0.029906		$0.102997		$0.006234	-
9/14/2017	10/1/2017	10/15/2017		$0.484375		$0.381378		$0.029906		$0.102997		$0.006234	-

Totals				$1.937500		$1.525512		$0.119624		$0.411988		$0.024936	-

The Company's dividend distributions per share of 7.875% Series C Cumulative Redeemable Preferred Stock (CUSIP #649604808) are to be classified for income tax purposes as follows:

Declaration Date	Record Date	Payment Date	2017 Distribution Per Share		Box 1a		Box 1b		Box 2a		Box 2b		Box 3
Declaration Date	Record Date	Payment Date	2017 Distribution Per Share		2017 Ordinary Dividend		2017 Qualified Dividend		2017 Capital Gain Distribution		2017 Unrecaptured Section 1250 Gain		2017 Non Dividend Distributions
12/15/2016	1/1/2017	1/15/2017		$0.4921875		$0.387529		$0.030389		$0.104658		$0.006335	-
3/16/2017	4/1/2017	4/15/2017		$0.4921875		$0.387529		$0.030389		$0.104658		$0.006335	-
6/14/2017	7/1/2017	7/15/2017		$0.4921875		$0.387529		$0.030389		$0.104658		$0.006335	-
9/14/2017	10/1/2017	10/15/2017		$0.4921875		$0.387529		$0.030389		$0.104660		$0.006335	-

Totals				$1.968750		$1.550116		$0.121556		$0.418634		$0.025340	-

About New York Mortgage Trust
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes (“REIT”). NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments, other commercial and residential real estate-related investments, Non-Agency RMBS and Agency RMBS. Headlands Asset Management, LLC provides investment management services to the Company with respect to certain of its asset classes.

CONTACT:
AT THE COMPANY
Emily Stiller
Controller
Phone: (980) 224-4186
Email: [email protected]

Source: New York Mortgage Trust, Inc.

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