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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.

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