<SEC-DOCUMENT>0001104659-21-086941.txt : 20210629
<SEC-HEADER>0001104659-21-086941.hdr.sgml : 20210629
<ACCEPTANCE-DATETIME>20210629172046
ACCESSION NUMBER:		0001104659-21-086941
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210629
DATE AS OF CHANGE:		20210629

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW YORK MORTGAGE TRUST INC
		CENTRAL INDEX KEY:			0001273685
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				470934168
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-226726
		FILM NUMBER:		211059207

	BUSINESS ADDRESS:	
		STREET 1:		90 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		(212) 792-0107

	MAIL ADDRESS:	
		STREET 1:		90 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW YORK MORTGAGE TRUST INC
		CENTRAL INDEX KEY:			0001273685
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				470934168
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		90 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		(212) 792-0107

	MAIL ADDRESS:	
		STREET 1:		90 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
</SEC-HEADER>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>tm2120456d3_fwp.htm
<DESCRIPTION>FWP
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: 0.5in"><B>Issuer Free Writing Prospectus
Filed<BR>
Pursuant to Rule 433<BR>
Relating to the Preliminary Prospectus<BR>
Supplement, dated June 29, 2021<BR>
to Prospectus, dated August 9, 2018<BR>
Registration Statement No. 333-226726</B></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">NEW YORK MORTGAGE TRUST, INC.<BR>
<FONT STYLE="font-weight: normal">6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock<BR>
(Liquidation Preference $25.00 Per Share)</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Final Pricing Term Sheet<BR>
<FONT STYLE="font-weight: normal">June 29, 2021</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;&nbsp;</P>

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    <TD STYLE="padding-bottom: 3pt; width: 24%"><B>Issuer:</B></TD>
    <TD STYLE="padding-bottom: 3pt; width: 76%">New York Mortgage Trust, Inc.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Securities Offered:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Shares Offered:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">5,000,000 shares</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Over-Allotment Option:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">750,000 shares</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Trade Date:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">June 29, 2021</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Settlement and Delivery Date:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">July 7, 2021 (T + 5)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Public Offering Price:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">$25.00 liquidation preference per share; $125,000,000 in aggregate liquidation preference (assuming the over-allotment option is not exercised)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Underwriting Discount:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">$0.7875 per share; $3,937,500 total (assuming the over-allotment option is not exercised)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Net Proceeds to the Issuer, Before Expenses:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">$24.2125 per share; $121,062,500 total (assuming the over-allotment option is not exercised)&nbsp;&nbsp;</TD></TR>
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    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; width: 24%"><B>Dividend Rate:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; width: 76%"><FONT STYLE="background-color: white">(i)&nbsp;From and including the original issue date to, but excluding, </FONT>October 15, 2026 (the &ldquo;Fixed Rate Period&rdquo;)<FONT STYLE="background-color: white">, at a fixed rate equal to 6.875% per annum of the $25.00 per share liquidation preference (equivalent to $1.71875 per annum per share) and (ii)&nbsp;from and including October 15, 2026</FONT> (the &ldquo;Floating Rate Period&rdquo;)<FONT STYLE="background-color: white">, at a floating rate equal to a Benchmark rate, which is expected to be the Three-Month Term SOFR (as defined in the Preliminary Prospectus Supplement), plus a spread of 6.130% per annum of the $</FONT>25.00 <FONT STYLE="background-color: white">per share liquidation preference; provided, however, that if the Benchmark rate is less than zero, the Benchmark rate shall be deemed to be zero, in each case, only when, as and if declared</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Dividend Payment Date:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">Quarterly cumulative dividends in arrears on the 15th day of each January, April, July and October, when and as authorized and declared, provided that if any dividend payment date is not a business day, then (i) in the Fixed Rate Period, the dividend which would otherwise have been payable on that dividend payment date will instead be paid on the immediately succeeding business day and (ii) in the Floating Rate Period, the dividend payment date will be the immediately succeeding business day. The first dividend is scheduled to be payable on October 15, 2021 (long first dividend period) in the amount of $0.4679 per share and will be paid to the persons who are the holders of record of the Series F Preferred Stock at the close of business on the corresponding record date</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Dividend Record Date:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">The first day of the calendar month (whether or not a business day) in which the applicable payment date falls; the first dividend record date will be October 1, 2021</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Liquidation Preference:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">$25.00 per share</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Optional Redemption Date:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">October 15, 2026</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Conversion Rights:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Share Cap</U>: 11.21076</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Exchange Cap</U>: Subject to certain adjustments, the aggregate
    number of shares of the Issuer&rsquo;s common stock (or equivalent Alternative Conversion Consideration, as applicable) issuable or deliverable,
    as applicable, in connection with the exercise of the Change of Control Conversion Right will not exceed the product of the Share Cap
    times the aggregate number of shares of the Series F Preferred Stock issued and outstanding at the Change of Control Conversion Date (or
    equivalent Alternative Conversion Consideration, as applicable).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the Common Stock Price is less than $2.23 (which is 50% of the per
    share closing price of our common stock reported on the Nasdaq Global Select Market on June 28, 2021), subject to adjustment in certain
    circumstances, the holders of the Series F Preferred Stock will receive a maximum of 11.21076 shares of our common stock per share of
    Series F Preferred Stock.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Proposed Nasdaq Capital Market Listing Symbol:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">NYMTL</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>CUSIP:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt">649604865</TD></TR>
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    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; width: 24%"><B>ISIN:</B></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; width: 76%">US6496048652</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt"><B>Book-Running Manager:</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 0">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Raymond James &amp; Associates, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The issuer has filed a registration statement (including a base prospectus
dated August 9, 2018) and a preliminary prospectus supplement, dated June 29, 2021, with the Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
for the offering to which this communication relates. Before you invest, you should read the base prospectus in that registration statement
and the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the
issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC&rsquo;s website at www.sec.gov. Alternatively,
the issuer, any underwriter or any dealer participating in the offering will arrange to send you the base prospectus and related preliminary
prospectus supplement if you request them from Raymond James &amp; Associates, Inc. by calling toll-free (800)&nbsp;248-8863.</P>

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