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New York Mortgage Trust Announces Tax Treatment of 2014 Dividend Distributions

NEW YORK, Jan. 27, 2015 (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 2014. 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 2014 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:

Box 1a Box 1b Box 2a Box 3
Declaration
Date
Record
Date
Payment
Date
2014
Distribution

Per Share
2014
Ordinary
Dividend
2014
Qualified
Dividend
2014
Capital Gain
Distribution
2014
Non
Dividend
Distributions
3/13/2014 3/24/2014 4/25/2014 $0.270000 $0.118023 $0.020185 $0.088428 $0.063549
6/18/2014 6/30/2014 7/25/2014 $0.270000 $0.130965 $0.020185 $0.088428 $0.050607
9/18/2014 9/29/2014 10/27/2014 $0.270000 $0.181572 $0.020185 $0.088428 --
12/12/2014 12/22/2014 1/26/2015 $0.270000 $0.181572 $0.020185 $0.088428 --
Totals $1.080000 $0.612132 $0.080740 $0.353712 $0.114156

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 3
Declaration
Date
Record
Date
Payment
Date
2014
Distribution

Per Share
2014
Ordinary
Dividend
2014
Qualified
Dividend
2014
Capital
Gain
Distribution
2014
Non
Dividend
Distributions
3/13/2014 4/1/2014 4/15/2014 $0.484375 $0.325737 $0.036212 $0.158638 --
6/18/2014 7/1/2014 7/15/2014 $0.484375 $0.325737 $0.036212 $0.158638 --
9/18/2014 10/1/2014 10/15/2014 $0.484375 $0.325737 $0.036212 $0.158638 --
12/12/2014 1/1/2015 1/15/2015 $0.484375 $0.325737 $0.036212 $0.158638 --
Totals $1.937500 $1.302948 $0.144848 $0.634552 --

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 ("REIT"). NYMT is an internally managed real estate investment trust, or REIT, which invests in mortgage-related and financial assets and targets multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments, residential mortgage loans, including loans sourced from distressed markets, Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. RiverBanc, LLC, The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its targeted asset classes.

CONTACT: AT THE COMPANY Kristine R. Nario Investor Relations Phone: (646) 216-2363 Email: knario@nymtrust.comSource:New York Mortgage Trust, Inc.