GlobeNewswire Inc | Jan 31, 2022 05:12PM EST

January 31, 2022

NEW YORK, Jan. 31, 2022 (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 2021. 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 2021 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 5 2021 2021 2021 2021 2021 2021 Capital Unrecaptured Non 2021Declaration Record Payment Distribution Ordinary Qualified Gain Section 1250 Dividend 199ADate Date Date Per Share Dividend Dividend Distribution Gain Distributions Dividends ^(4)3/15/2021 3/25/ 4/26/ $0.100000 $0.022711 - $0.009685 - $0.067601 $0.022711 2021 20216/14/2021 6/24/ 7/26/ $0.100000 $0.022715 - $0.009685 - $0.067601 $0.022715 2021 20219/13/2021 9/23/ 10/25/ $0.100000 $0.022715 - $0.009685 - $0.067601 $0.022715 2021 202112/13/2021 12/27/ 1/25/ $0.100000 $0.022715 - $0.009685 - $0.067601 $0.022715 2021 2022Totals $0.400000 $0.090856 - $0.038740 - $0.270404 $0.090856

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 2021 2021 2021 2021 2021 2021 Capital Unrecaptured Non 2021Declaration Record Payment Distribution Ordinary Qualified Gain Section 1250 Dividend 199ADate Date Date Per Share Dividend Dividend Distribution Gain Distributions Dividends ^(4)12/7/2020 1/1/ 1/15/ $0.484375 $0.437466 - $0.046909 - - $0.437466 2021 20213/15/2021 4/1/ 4/15/ $0.484375 $0.437466 - $0.046909 - - $0.437466 2021 20216/14/2021 7/1/ 7/15/ $0.484375 $0.437466 - $0.046909 - - $0.437466 2021 20219/13/2021 10/1/ 10/15/ $0.484375 $0.437466 - $0.046909 - - $0.437466 2021 2021 (1) 12/18/ $0.339063 ^ $0.306227 - $0.032836 - - $0.306227 2021 (1)Totals $2.276563 $ - $0.220472 - - $2.056091 2.056091

(1)Series B Preferred Stock was redeemed in full, effective on December 18, 2021 and this amount represents the accrued dividend paid in connection with this redemption

The Companys 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 5 2021 2021 2021 2021 2021 2021 Capital Unrecaptured Non 2021Declaration Record Payment Distribution Ordinary Qualified Gain Section 1250 Dividend 199ADate Date Date Per Share Dividend Dividend Distribution Gain Distributions Dividends ^(4)12/7/2020 1/1/ 1/15/ $0.4921875 $0.4445207 - $0.0476660 - - $0.4445207 2021 20213/15/2021 4/1/ 4/15/ $0.4921875 $0.4445220 - $0.0476660 - - $0.4445220 2021 20216/14/2021 7/1/ 7/15/ $0.4921875 $0.4445220 - $0.0476660 - - $0.4445220 2021 2021 (2) 7/30/ $0.0820312 ^ $0.0740870 - $0.0079440 - - $0.0740870 2021 (2)Totals $1.5585937 $1.4076517 - $0.1509420 - - $1.4076517

(2)Series C Preferred Stock was redeemed in full, effective on July 30, 2021 and this amount represents the accrued dividend paid in connection with this redemption

The Companys 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 5 2021 2021 2021 2021 2021 2021 2021 Capital Unrecaptured Non 199ADeclaration Record Payment Distribution Ordinary Qualified Gain Section 1250 Dividend DividendsDate Date Date Per Share Dividend Dividend Distribution Gain Distributions ^(4)12/7/2020 1/1/ 1/15/ $0.500000 $0.451578 - $0.048422 - - $0.451578 2021 20213/15/2021 4/1/ 4/15/ $0.500000 $0.451578 - $0.048422 - - $0.451578 2021 20216/14/2021 7/1/ 7/15/ $0.500000 $0.451578 - $0.048422 - - $0.451578 2021 20219/13/2021 10/1/ 10/15/ $0.500000 $0.451578 - $0.048422 - - $0.451578 2021 2021Totals $2.000000 $ - $0.193688 - - $ 1.806312 1.806312

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 5 2021 2021 2021 2021 2021 2021 2021 Capital Unrecaptured Non 199ADeclaration Record Payment Distribution Ordinary Qualified Gain Section 1250 Dividend DividendsDate Date Date Per Share Dividend Dividend Distribution Gain Distributions ^(4)12/7/2020 1/1/ 1/15/ $0.4921875 $0.444520 - $0.047666 - - $0.444520 2021 20213/15/2021 4/1/ 4/15/ $0.4921875 $0.444522 - $0.047666 - - $0.444522 2021 20216/14/2021 7/1/ 7/15/ $0.4921875 $0.444522 - $0.047666 - - $0.444522 2021 20219/13/2021 10/1/ 10/15/ $0.4921875 $0.444522 - $0.047666 - - $0.444522 2021 2021Totals $1.9687500 $1.778086 - $0.190664 - - $1.778086

The Company's dividend distributions per share of 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CUSIP #649604865) are to be classified for income tax purposes as follows:

Box 1a Box 1b Box 2a Box 2b Box 3 Box 5 2021 2021 2021 2021 2021 2021 2021Declaration Record Payment Distribution Ordinary Qualified Capital Unrecaptured Non 199ADate Date Date Per Share Dividend Dividend Gain Section 1250 Dividend Dividends Distribution Gain Distributions ^(4)9/13/2021 10/1/ 10/15/ $0.467900 ^ $0.422586 - $0.045314 - - $0.422586 2021 2021 (3)Totals $0.467900 $0.422586 - $0.045314 - - $0.422586

(3)Series F Preferred Stock was initially issued on July 7, 2021 and this amount represents the initial dividend paid on October 15, 2021, for the third quarter 2021 partial dividend period.

(4)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 AT THE COMPANY Investor Relations Phone: 212-792-0107 Email: InvestorRelations@nymtrust.com