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