New York Mortgage Trust Appoints Nicholas Mah as President
12 Décembre 2022 - 10:05PM
New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the
“Company,” “we,” “our” or “us”) today announced that its Board of
Directors has named Nicholas Mah as President of the Company,
effective January 1, 2023. Mr. Mah will report to Jason T. Serrano,
the Company’s CEO.
Mr. Mah is currently a Managing Director of the
Company, responsible for the Company’s portfolio management and
trading of mortgage securities and whole loans. He has been with
the Company since July 2018. Prior to joining the Company, Mr. Mah
was a Portfolio Manager and Managing Director at Oak Hill Advisors,
L.P. (“OHA”), where he was one of the founding members of OHA’s
mortgage business. Over the course of his tenure at OHA, he had
responsibilities encompassing portfolio management, trading and
financing of residential mortgage securities and whole loans. Prior
to joining OHA in 2008, Mr. Mah worked at The Blackstone Group and
Fortress Investment Group, where he was involved in asset
management, investment analysis and trading across a variety of
distressed securitized product sectors.
“I am pleased to announce Nick’s promotion to
President,” said Jason T. Serrano, CEO of NYMT. “Nick has played a
key role over the years in his role as Managing Director and is a
trusted figure within the Company. I am confident that Nick will
provide invaluable leadership and will continue to strengthen our
position as a leader in the hybrid mortgage REIT sector.”
“I am honored to take on my new role as
President of NYMT,” added Mr. Mah. “I am excited to continue to
work alongside our talented team and business partners to guide the
Company towards continued success over the long term.”
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.
Forward-Looking StatementsWhen
used in this press release, in future filings with
the Securities and Exchange Commission (the “SEC”) or in
other written or oral communications, statements which are not
historical in nature, including those containing words such as
“will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,”
“continue,” “intend,” “could,” “would,” “should,” “may” or similar
expressions, are intended to identify “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and, as such, may involve known and
unknown risks, uncertainties and assumptions.
Forward-looking statements are based on
estimates, projections, beliefs and assumptions of management of
the Company at the time of such statements and are not guarantees
of future performance. Forward-looking statements involve risks and
uncertainties in predicting future results and conditions. Actual
results and outcomes could differ materially from those projected
in these forward-looking statements due to a variety of factors,
including, without limitation: changes in the Company’s business
and investment strategy; changes in interest rates and the fair
market value of the Company’s assets, including negative changes
resulting in margin calls relating to the financing of the
Company’s assets; changes in credit spreads; changes in the
long-term credit ratings of the U.S., Fannie Mae, Freddie Mac, and
Ginnie Mae; general volatility of the markets in which the Company
invests; changes in prepayment rates on the loans the Company owns
or that underlie the Company’s investment securities; increased
rates of default, delinquency or vacancy and/or decreased recovery
rates on or at the Company’s assets; the Company’s ability to
identify and acquire targeted assets, including assets in its
investment pipeline; the Company’s ability to dispose of assets
from time to time on terms favorable to the Company, including the
disposition over time of its joint venture equity investments;
changes in relationships with the Company’s financing
counterparties and the Company’s ability to borrow to finance its
assets and the terms thereof; changes in the Company’s
relationships with and/or the performance of its operating
partners; the Company’s ability to predict and control costs;
changes in laws, regulations or policies affecting the Company’s
business, including actions that may be taken to contain or address
the impact of the COVID-19 pandemic and variants; the Company’s
ability to make distributions to its stockholders in the future;
the Company’s ability to maintain its qualification as a REIT for
federal tax purposes; the Company’s ability to maintain its
exemption from registration under the Investment Company Act of
1940, as amended; risks associated with investing in real estate
assets, including changes in business conditions and the general
economy, the availability of investment opportunities and the
conditions in the market for Agency RMBS, non-Agency RMBS, ABS and
CMBS securities, residential loans, structured multi-family
investments and other mortgage-, residential housing- and
credit-related assets, including changes resulting from the ongoing
spread and economic effects of COVID-19; and the impact of COVID-19
on the Company, its operations and its personnel.
These and other risks, uncertainties and
factors, including the risk factors described in the Company’s
reports filed with the SEC pursuant to the Exchange Act,
could cause the Company’s actual results to differ materially from
those projected in any forward-looking statements the Company
makes. 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. Except as required by law, the Company is not
obligated to, and does not intend to, update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
For Further Information
AT THE COMPANYInvestor RelationsPhone:
212-792-0107Email: InvestorRelations@nymtrust.com
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