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New York Mortgage Trust Announces Tax Treatment of 2017 Dividend Distributions

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 1aBox 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
3/16/20173/27/20174/25/2017 $0.200000 $0.114801 $0.012348 $0.042528 $0.002574 $0.042671
6/14/20176/26/20177/25/2017 $0.200000 $0.114801 $0.012348 $0.042528 $0.002574 $0.042671
9/14/20179/25/201710/25/2017 $0.200000 $0.114801 $0.012348 $0.042528 $0.002574 $0.042671
12/7/201712/18/20171/25/2018 $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 1aBox 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
12/15/20161/1/20171/15/2017 $0.484375 $0.381378 $0.029906 $0.102997 $0.006234-
3/16/20174/1/20174/15/2017 $0.484375 $0.381378 $0.029906 $0.102997 $0.006234-
6/14/20177/1/20177/15/2017 $0.484375 $0.381378 $0.029906 $0.102997 $0.006234-
9/14/201710/1/201710/15/2017 $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 1aBox 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
12/15/20161/1/20171/15/2017 $0.4921875 $0.387529 $0.030389 $0.104658 $0.006335-
3/16/20174/1/20174/15/2017 $0.4921875 $0.387529 $0.030389 $0.104658 $0.006335-
6/14/20177/1/20177/15/2017 $0.4921875 $0.387529 $0.030389 $0.104658 $0.006335-
9/14/201710/1/201710/15/2017 $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: estiller@nymtrust.com

Source:New York Mortgage Trust, Inc.