New York Mortgage Trust Announces Pricing of $282.8 Million Securitization Transaction

NEW YORK, April 04, 2016 -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the "Company") announced today that it has priced a $282.8 million securitization transaction.  The transaction involves the issuance and sale of $177.5 million of Class A Notes that represent beneficial ownership of a pool of performing and re-performing seasoned mortgage loans.  The Company will retain $25.5 million of Class M Notes and a $79.8 million equity Certificate.  The Company will hold 5% of the Class A Notes issued, which will result in gross proceeds to the Company from the sale of the remaining Class A Notes of approximately $167.7 million. The Class A Notes have an expected redemption date of March 25, 2019, with a stated final maturity date of March 25, 2021.  The Class A Notes have a stated interest rate of 4.00% and were sold at a yield of 4.25%.  The deal is expected to close, subject to the satisfaction of customary closing conditions, on April 15, 2016.

The notes will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.  The notes will be offered and sold in the United States in accordance with Rule 144A.  This press release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful under the laws of such jurisdiction.

About New York Mortgage Trust

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes ("REIT"). NYMT is an internally managed REIT which invests in mortgage-related and financial assets and targets residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, direct financing to owners of multi-family properties through mezzanine loans and preferred equity investments and other commercial real estate-related investments, Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. RiverBanc LLC, The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its targeted asset classes.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the payment of the dividends. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us, including those described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which has been filed with the Securities and Exchange Commission. If a change occurs, these forward-looking statements may vary materially from those expressed in this release. All forward-looking statements speak only as of the date on which they are made. Except as required by law, we are not obligated to, and do not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Further Information

AT THE COMPANY
Kristine R. Nario                                                            
Chief Financial Officer                                                  
Phone:  646-216-2363                                                    
Email: [email protected]