New York Mortgage Trust Prices Public Offering of 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Vinson & Elkins advised New York Mortgage Trust, Inc. in connection with its $150 million underwritten public offering of its 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.
The offering is expected to close on October 18, 2019.
New York Mortgage Trust, Inc. is an internally managed REIT
in the business of acquiring, investing in, financing and managing
mortgage-related and residential housing-related assets.
The V&E corporate team was led by partner
Chris Green with assistance from associates Dylan Coons, Caroline Bailey, Maram
Mahajna and Tyler Johnson. Partner Chris Mangin and associate Christina McLeod
provided tax advice, while senior associate Doug Lionberger and associate David
Choi provided 1940 Act advice.