GlobeNewswire Inc | Mar 15, 2021 04:05PM EDT

March 15, 2021

NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the Company) announced today that its Board of Directors (the Board) declared a regular quarterly cash dividend of $0.10 per share on shares of its common stock for the quarter ending March 31, 2021. The dividend will be payable on April 26, 2021 to common stockholders of record as of the close of business on March 25, 2021.

In addition, the Board declared cash dividends on the Companys 7.75% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock), 7.875% Series C Cumulative Redeemable Preferred Stock (Series C Preferred Stock), 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series D Preferred Stock) and 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series E Preferred Stock) as stated below.

Current Quarterly Preferred Stock Dividends

The Board declared cash dividends for the dividend period that began on January 15, 2021 and ends on April 14, 2021 as follows:

Class of Preferred Series B Series C Series D Series EStockRecord Date April 1, April 1, April 1, April 1, 2021 2021 2021 2021Payment Date April 15, April 15, April 15, April 15, 2021 2021 2021 2021Cash Dividend Per $0.484375 $0.4921875 $0.50 $0.4921875Share

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.

Forward-Looking Statements

When used in this press release, in future filings with theSecurities and Exchange Commission(the SEC) or in other written or oral communications, statements which are not historical in nature, including those containing words such as will, believe, expect, anticipate, estimate, plan, continue, intend, could, would, should, may or similar expressions, are intended to identify forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), and, as such, may involve known and unknown risks, uncertainties and assumptions. Statements regarding the following subject, among others, may be forward-looking: the payment of dividends.

Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance.Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results and outcomes could differ materially from those projected in theseforward-looking statements due to a variety of factors, including, without limitation: changes in the Companys business and investment strategy; changes in interest rates and the fair market value of the Companys assets, including negative changes resulting in margin calls relating to the financing of the Companys assets; changes in credit spreads; changes in the long-term credit ratings of theU.S., Fannie Mae, Freddie Mac, andGinnie Mae; general volatility of the markets in which the Company invests; changes in prepayment rates on the loans the Company owns or that underlie the Companys investment securities; increased rates of default or delinquency and/or decreased recovery rates on the Companys assets; the Companys ability to identify and acquire targeted assets, including assets in its investment pipeline; changes in relationships with the Companys financing counterparties and the Companys ability to borrow to finance its assets and the terms thereof; the Companys ability to predict and control costs; changes in laws, regulations or policies affecting the Companys business, including actions that may be taken to contain or address the impact of the COVID-19 pandemic; the Companys ability to make distributions to its stockholders in the future; the Companys ability to maintain its qualification as a REIT for federal tax purposes; the Companys ability to maintain its exemption from registration under the Investment Company Act of 1940, as amended; risks associated with investing in real estate assets, including changes in business conditions and the general economy, the availability of investment opportunities and the conditions in the market for Agency RMBS, non-Agency RMBS, ABS and CMBS securities, residential loans, structured multi-family investments and other mortgage-, residential housing- and credit-related assets, including changes resulting from the ongoing spread and economic effects of COVID-19; and the impact of COVID-19 on the Company, its operations and its personnel.

These and other risks, uncertainties and factors, including the risk factors described in the Companys reports filed with theSECpursuant to the Exchange Act, could cause the Companys actual results to differ materially from those projected in any forward-looking statements the Company makes. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For Further Information

Mari NittaInvestor Relations AssociatePhone: 646-795-4066Email: InvestorRelations@nymtrust.com