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New York Mortgage Trust Closes Public Offering of Common Stock

Vinson & Elkins advised New York Mortgage Trust, Inc. (NYMT) in an underwritten public offering of 23,000,000 shares of its common stock (including 3,000,000 shares issued pursuant to the underwriters’ exercise in full of an option to purchase additional shares) for gross proceeds of approximately $140.5 million. The offering closed on July 22, 2019.

The V&E corporate team was led by partner Chris Green with assistance from associates Dylan Coons and Erin Walsh. Partner Chris Mangin, senior associate Paige Anderson and associate Christina McLeod provided tax advice while senior associate Doug Lionberger and associate David Choi provided 1940 Act advice.

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