New York Mortgage Trust Announces Repositioning Away from Multi-Family Joint Venture Equity Portfolio

September 23, 2022

https://www.globenewswire.com/news-release/2022/09/23/2522077/12581/en/New-York-Mortgage-Trust-Announces-Repositioning-Away-from-Multi-Family-Joint-Venture-Equity-Portfolio.html

NEW YORK, Sept. 23, 2022 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq:NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) has approved a strategic repositioning of its business by opportunistically disposing of the Company’s joint venture equity interests in multi-family properties over time and reallocating its capital away from such assets to its targeted assets.

Read more at globenewswire.com

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