New York Mortgage Trust Announces Update to Tax Treatment of 2018 Dividend Distributions

31 Jan 2019

NEW YORK, Jan. 31, 2019 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) today announced an update to the tax treatment of common and preferred stock dividends declared in 2018 to include Section 199A reporting, which are as follows:

Common Stock (CUSIP #649604501)

Declaration Date	Record Date	Payment Date	2018 Distribution Per Share	Box 1a	Box 1b	Box 2a	Box 2b	Box 3	Box 5
				2018 Ordinary Dividend	2018 Qualified Dividend	Capital Gain Distribution	2018 Unrecaptured Section 1250 Gain	2018 Non Dividend Distributions	2018 199A Dividends¹
3/19/2018	3/29/2018	4/26/2018	$0.200000	$0.092854	-	$0.028569	$0.002878	$0.078577	$0.092854
6/18/2018	6/28/2018	7/26/2018	$0.200000	$0.092854	-	$0.028569	$0.002878	$0.078577	$0.092854
9/17/2018	9/27/2018	10/26/2018	$0.200000	$0.092854	-	$0.028569	$0.002878	$0.078577	$0.092854
12/4/2018	12/14/2018	1/25/2019	$0.200000	$0.092854	-	$0.028569	$0.002878	$0.078577	$0.092854
Totals			$0.800000	$0.371416	-	$0.114276	$0.011512	$0.314308	$0.371416

7.75% Series B Cumulative Redeemable Preferred Stock (CUSIP #649604709)

				Box 1a	Box 1b	Box 2a	Box 2b	Box 3	Box 5
Declaration Date	Record Date	Payment Date	2018 Distribution Per Share	2018 Ordinary Dividend	2018 Qualified Dividend	2018 Capital Gain Distribution	2018 Unrecaptured Section 1250 Gain	2018 Non Dividend Distributions	2018 199A Dividends ¹
12/7/2017	1/1/2018	1/15/2018	$0.484375	$0.415185	-	$0.069190	$0.006970	-	$0.415185
3/19/2018	4/1/2018	4/15/2018	$0.484375	$0.415185	-	$0.069190	$0.006970	-	$0.415185
6/18/2018	7/1/2018	7/15/2018	$0.484375	$0.415185	-	$0.069190	$0.006970	-	$0.415185
9/17/2018	10/1/2018	10/15/2018	$0.484375	$0.415185	-	$0.069190	$0.006970	-	$0.415185
Totals			$1.937500	$1.660740	-	$0.276760	$0.027880	-	$1.660740

7.875% Series C Cumulative Redeemable Preferred Stock (CUSIP #649604808)

Declaration Date	Record Date	Payment Date	2018 Distribution Per Share	Box 1a	Box 1b	Box 2a	Box 2b	Box 3	Box 5
				2018 Ordinary Dividend	2018 Qualified Dividend	2018 Capital Gain Distribution	2018 Unrecaptured Section 1250 Gain	2018 Non Dividend Distributions	2018 199A Dividends ¹
12/7/2017	1/1/2018	1/15/2018	$0.4921875	$0.4218820	-	$0.0703060	$0.0070820	-	$0.4218820
3/19/2018	4/1/2018	4/15/2018	$0.4921875	$0.4218820	-	$0.0703060	$0.0070820	-	$0.4218820
6/18/2018	7/1/2018	7/15/2018	$0.4921875	$0.4218820	-	$0.0703060	$0.0070820	-	$0.4218820
9/17/2018	10/1/2018	10/15/2018	$0.4921875	$0.4218820	-	$0.0703040	$0.0070820	-	$0.4218820
Totals			$1.9687500	$1.6875280	-	$0.2812220	$0.0283280	-	$1.6875280

8.0% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604881)

Declaration Date	Record Date	Payment Date	2018 Distribution Per Share	Box 1a	Box 1b	Box 2a	Box 2b	Box 3	Box 5
				2018 Ordinary Dividend	2018 Qualified Dividend	2018 Capital Gain Distribution	2018 Unrecaptured Section 1250 Gain	2018 Non Dividend Distributions	2018 199A Dividends ¹
12/7/2017	1/1/2018	1/15/2018	$0.511111	$0.438102	-	$0.073009	$0.007355	-	$0.438102
3/19/2018	4/1/2018	4/15/2018	$0.500000	$0.428578	-	$0.071422	$0.007195	-	$0.428578
6/18/2018	7/1/2018	7/15/2018	$0.500000	$0.428578	-	$0.071422	$0.007195	-	$0.428578
9/17/2018	10/1/2018	10/15/2018	$0.500000	$0.428578	-	$0.071422	$0.007195	-	$0.428578
Totals			$2.011111	$1.723836	-	$0.287275	$0.028940	-	$1.723836

⁽¹⁾ Section 199A Dividends are reported in Box 5 of Form 1099-DIV. Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV.

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividend distributions and the information contained herein.

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 targets multi-family CMBS, direct financing to owners of multi-family properties through preferred equity and mezzanine loan investments, residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-Agency RMBS, Agency RMBS and other mortgage-related and residential housing-related investments.

CONTACT:
AT THE COMPANY
Kristine R. Nario-Eng
Chief Financial Officer
Phone: (646) 216-2363
Email: [email protected]

Source: New York Mortgage Trust, Inc.

Back to Tax Information

Back to News