GlobeNewswire Inc | Jan 29, 2021 04:30PM EST

January 29, 2021

NEW YORK, Jan. 29, 2021 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (NYMT or the Company) today announced the following tax treatment of common and preferred stock dividends declared in 2020. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions of taxable income by the Company.

Stockholders should review the 2020 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Also, as each stockholder's tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their specific tax treatment of the Company's dividend distributions.

The Company's dividend distributions per share of common stock (CUSIP #649604501) are to be classified for income tax purposes as follows:

Box 1a Box 1b Box 2a Box 2b Box 3 Box 5Declaration Record Payment 2020 2020 2020 2020 2020 2020 2020Date Date Date Distribution Ordinary Qualified Capital Unrecaptured Non 199A Per Share Dividend Dividend Gain Section 1250 Dividend Dividends^ Distribution Gain Distributions 16/15/2020 7/1/ 7/27/ $0.050000 $0.039906 - - - $0.010094 $0.039906 2020 20209/14/2020 9/24/ 10/26/ $0.075000 $0.059859 - - - $0.015141 $0.059859 2020 202012/7/2020 12/17/ 1/25/ $0.100000 $0.079813 - - - $0.020187 $0.079813 2020 2021Totals $0.225000 $0.179578 - - - $0.045422 $0.179578

The Company's dividend distributions per share of 7.750% Series B Cumulative Redeemable Preferred Stock (CUSIP #649604709) are to be classified for income tax purposes as follows:

Box 1a Box 1b Box 2a Box 2b Box 3 Box 5 2020 2020 2020 2020 2020 2020 2020Declaration Record Payment Distribution Ordinary Qualified Capital Unrecaptured Non 199ADate Date Date Per Share Dividend Dividend Gain Section 1250 Dividend Dividends^ Distribution Gain Distributions 112/10/2019 1/1/ 1/15/ $0.484375 $0.484375 - - - - $0.484375 2020 20206/15/2020 7/1/ 7/15/ $0.968750 $0.968750 - - - - $0.968750 2020 20209/14/2020 10/1/ 10/15/ $0.484375 $0.484375 - - - - $0.484375 2020 2020Totals $1.937500 $1.937500 - - - - $1.937500

The Company's dividend distributions per share of 7.875% Series C Cumulative Redeemable Preferred Stock (CUSIP #649604808) are to be classified for income tax purposes as follows:

Box 1a Box 1b Box 2a Box 2b Box 3 Box 5Declaration Record Payment 2020 2020 2020 2020 2020 2020 2020Date Date Date Distribution Ordinary Qualified Capital Unrecaptured Non 199A Per Share Dividend Dividend Gain Section 1250 Dividend Dividends^ Distribution Gain Distributions 112/10/2019 1/1/ 1/15/ $0.492187 $0.492187 - - - - $0.492187 2020 20206/15/2020 7/1/ 7/15/ $0.984375 $0.984375 - - - - $0.984375 2020 20209/14/2020 10/1/ 10/15/ $0.492188 $0.492188 - - - - $0.492188 2020 2020Totals $1.968750 $1.968750 - - - - $1.968750

The Company's dividend distributions per share of 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604881) are to be classified for income tax purposes as follows:

Box 1a Box 1b Box 2a Box 2b Box 3 Box 5Declaration Record Payment 2020 2020 2020 2020 2020 2020 2020Date Date Date Distribution Ordinary Qualified Capital Unrecaptured Non 199A Per Share Dividend Dividend Gain Section 1250 Dividend Dividends^ Distribution Gain Distributions 112/10/2019 1/1/ 1/15/ $0.500000 $0.500000 - - - - $0.500000 2020 20206/15/2020 7/1/ 7/15/ $1.000000 $1.000000 - - - - $1.000000 2020 20209/14/2020 10/1/ 10/15/ $0.500000 $0.500000 - - - - $0.500000 2020 2020Totals $2.000000 $2.000000 - - - - $2.000000

The Company's dividend distributions per share of 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604873) are to be classified for income tax purposes as follows:

Box 1a Box 1b Box 2a Box 2b Box 3 Box 5Declaration Record Payment 2020 2020 2020 2020 2020 2020 2020Date Date Date Distribution Ordinary Qualified Capital Unrecaptured Non 199A Per Share Dividend Dividend Gain Section 1250 Dividend Dividend^ Distribution Gain Distributions 112/10/2019 1/1/ 1/15/ $0.475780 $0.475780 - - - - $0.475780 2020 20206/15/2020 7/1/ 7/15/ $0.984375 $0.984375 - - - - $0.984375 2020 20209/14/2020 10/1/ 10/15/ $0.492188 $0.492188 - - - - $0.492188 2020 2020Totals $1.952343 $1.952343 - - - - $1.952343

(1) Section 199A Dividends are reported in Box 5 of Form 1099-DIV. Section 199A Dividends are a subset of, and included in, Ordinary Dividends, which are reported in Box 1a of Form 1099-DIV. Section 199A Dividends shows the portion of the Ordinary Dividends in Box 1a that may be eligible for the 20% qualified business income deduction under Section 199A.

New York Mortgage Trust does not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used for the purpose of avoiding U.S., federal, state or local tax penalties. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Companys dividend distributions and the information contained herein.

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 (REIT) for federal income tax purposes. NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets.

For Further Information Mari Nitta Investor Relations Associate Phone: 646-795-4066 Email: InvestorRelations@nymtrust.com