New York Mortgage Trust Announces Pricing of Public Offering of Common Stock

New York Mortgage Trust Announces Pricing of Public Offering of Common Stock

NEW YORK, April 30, 2013 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc.
(Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it priced a
public offering of 13,600,000 shares of common stock for total estimated gross
proceeds of approximately $97.4 million. NYMT also granted the underwriters an
option to purchase up to an additional 2,040,000 shares of common stock. The
offering is subject to customary closing conditions and is expected to close
on May 3, 2013.Deutsche Bank Securities and Credit Suisse are serving as
joint bookrunners for the offering. JMP Securities LLC, Ladenburg Thalmann &
Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE
MKT:LTS), and Maxim Group LLC are serving as co-managers.

NYMT expects to initially use the net proceeds of this offering to acquire
primarily Agency RMBS (including Agency interest only securities) and certain
of its other targeted assets. Over time, the Company expects to redeploy a
significant portion of the net proceeds from this offering to acquire certain
of its other targeted assets. The Company may also use net proceeds for
general working capital purposes, including the repayment of indebtedness.

All shares of common stock are being offered under NYMT's existing shelf
registration statement, which was declared effective by the Securities and
Exchange Commission on January 28, 2013. The offering of these shares is being
made only by means of a prospectus and a related prospectus supplement, which
will be filed with the Securities and Exchange Commission. Copies of the
prospectus and prospectus supplement related to this offering may be obtained
from Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, New York 10005-2836, or by telephone at (800) 503-4611, or
by e-mail at, and Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, New York
10010, or by telephone at (800) 221-1037, or by email at

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy the shares or any other securities, nor shall there be any
sale of such shares or any other securities in any state or other jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
other 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 ("REIT"). The Company invests in
mortgage-related and financial assets and targets Agency RMBS, consisting of
fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS, 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, multi-family CMBS, certain commercial real estate-related debt
investments and residential mortgage loans, including loans sourced from
distressed markets.

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. Forward-looking statements involve numerous risks and uncertainties. The
Company's actual results may differ from the Company's beliefs, expectations,
estimates, and projections and, consequently, you should not rely on these
forward-looking statements as predictions of future events. Forward-looking
statements are not historical in nature and can be identified by words such as
"anticipate," "estimate," "will," "should," "expect," "believe," "intend,"
"seek," "plan" and similar expressions or their negative forms, or by
references to strategy, plans, or intentions. Forward-looking statements are
based on the Company's beliefs, assumptions and expectations of the Company's
future performance, taking into account all information currently available to
it. No assurance can be given that the offering discussed above will be
completed on the terms described or at all, or that the net proceeds of the
offering will be used as indicated. Completion of the offering on the terms
described, and the application of the net proceeds of the offering, are
subject to numerous possible events, factors and conditions, many of which are
beyond the control of the Company and not all of which are known to it,
including, without limitation, market conditions and those described under the
heading "Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2012 and as updated by those risk factors included in
the Company's subsequent filings under the Securities Exchange Act of 1934, as
amended,which can be accessed at the SEC's website at 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. The Company undertakes no
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.

CONTACT: At the Company:
         Kristine R. Nario
         Investor Relations
         Phone: (646) 216-2363
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