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New York Mortgage Trust Announces Pricing of Public Offering of Preferred Stock

Deals & Cases
November 17, 2021
New York Mortgage Trust Announces Pricing of Public Offering of 7.000% Series G Cumulative Redeemable Preferred Stock Background Image
Deals & Cases
November 17, 2021

Vinson & Elkins advised New York Mortgage Trust, Inc. in a public offering of 3,000,000 shares of its 7.000% Series G Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, for gross proceeds of $75 million.

The deal is expected to close on November 24, 2021.

The V&E corporate team was led by partner Chris Green, with assistance from senior associate Zach Swartz and associates Maram Mahajna and Austin Scieszinski. Other key team members included partner Chris Mangin, senior associate Paige Anderson and associate Christina McLeod.

NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related and single-family and multi-family residential assets.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 11 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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