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NEW YORK, Jan. 30, 2017 -- 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 2016. 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 2016 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:
| Declaration Date | Record Date | Payment Date | 2016 Distribution Per Share | Box 1a | Box 1b | Box 2a | Box 3 | |||||
| 2016 Ordinary Dividend | 2016 Qualified Dividend | 2016 Capital Gain Distribution | 2016 Non Dividend Distributions | |||||||||
| 3/18/2016 | 3/28/2016 | 4/25/2016 | $ | 0.240000 | $ | 0.108778 | $ | 0.017912 | $ | 0.000066 | $ | 0.131156 |
| 6/16/2016 | 6/27/2016 | 7/25/2016 | $ | 0.240000 | $ | 0.108778 | $ | 0.017912 | $ | 0.000066 | $ | 0.131156 |
| 9/15/2016 | 9/26/2016 | 10/28/2016 | $ | 0.240000 | $ | 0.108778 | $ | 0.017912 | $ | 0.000066 | $ | 0.131156 |
| 12/15/2016 | 12/27/2016 | 1/26/2017 | $ | 0.240000 | $ | 0.108778 | $ | 0.017912 | $ | 0.000066 | $ | 0.131156 |
| Totals | $ | 0.960000 | $ | 0.435112 | $ | 0.071648 | $ | 0.000264 | $ | 0.524624 | ||
The Company's dividend distributions per share of 7.75% Series B Cumulative Redeemable Preferred Stock (CUSIP #649604709) are to be classified for income tax purposes as follows:
| Declaration Date | Record Date | Payment Date | 2016 Distribution Per Share | Box 1a | Box 1b | Box 2a | Box 3 | ||||
| 2016 Ordinary Dividend | 2016 Qualified Dividend | 2016 Capital Gain Distribution | 2016 Non Dividend Distributions | ||||||||
| 3/18/2016 | 4/1/2016 | 4/15/2016 | $ | 0.484375 | $ | 0.484243 | $ | 0.036151 | $ | 0.000132 | - |
| 6/16/2016 | 7/1/2016 | 7/15/2016 | $ | 0.484375 | $ | 0.484243 | $ | 0.036151 | $ | 0.000132 | - |
| 9/15/2016 | 10/1/2016 | 10/15/2016 | $ | 0.484375 | $ | 0.484243 | $ | 0.036151 | $ | 0.000132 | - |
| 12/15/2016 | 1/1/2017 | 1/15/2017 | $ | 0.484375 | $ | 0.484243 | $ | 0.036151 | $ | 0.000132 | - |
| Totals | $ | 1.937500 | $ | 1.936972 | $ | 0.144604 | $ | 0.000528 | - | ||
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:
| Declaration Date | Record Date | Payment Date | 2016 Distribution Per Share | Box 1a | Box 1b | Box 2a | Box 3 | ||||
| 2016 Ordinary Dividend | 2016 Qualified Dividend | 2016 Capital Gain Distribution | 2016 Non Dividend Distributions | ||||||||
| 3/18/2016 | 4/1/2016 | 4/15/2016 | $ | 0.4921875 | $ | 0.492053 | $ | 0.036734 | $ | 0.000134 | - |
| 6/16/2016 | 7/1/2016 | 7/15/2016 | $ | 0.4921875 | $ | 0.492053 | $ | 0.036734 | $ | 0.000134 | - |
| 9/15/2016 | 10/1/2016 | 10/15/2016 | $ | 0.4921875 | $ | 0.492053 | $ | 0.036734 | $ | 0.000134 | - |
| 12/15/2016 | 1/1/2017 | 1/15/2017 | $ | 0.4921875 | $ | 0.492053 | $ | 0.036734 | $ | 0.000136 | - |
| Totals | $ | 1.968750 | $ | 1.968212 | $ | 0.146936 | $ | 0.000538 | - | ||
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. The Company 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 and non-Agency RMBS. The Midway Group, L.P. and Headlands Asset Management, LLC provide investment management services to the Company with respect to certain of its asset classes.
CONTACT: AT THE COMPANY Kristine R. Nario Chief Financial Officer Phone: (646) 216-2363 Email: [email protected]
