Business Context and Reporting Period
This Form 8-K is a current report filed by New York Mortgage Trust, Inc. (Note: The request metadata references "ADAMAS TRUST, INC.", but the filing text identifies the registrant as New York Mortgage Trust, Inc.) on September 19, 2024. The report addresses the declaration of regular quarterly cash dividends for the quarter ending September 30, 2024, and specific dividend periods for preferred stock classes.
Key Financial Metrics
The filing does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on dividend declarations. The following securities were the subject of dividend declarations:
- Common Stock: Regular quarterly cash dividend declared.
- 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN): Dividend declared for the period July 15, 2024, to October 14, 2024.
- 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTM): Dividend declared for the period July 15, 2024, to October 14, 2024.
- 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTL): Dividend declared for the period July 15, 2024, to October 14, 2024.
- 7.000% Series G Cumulative Redeemable Preferred Stock (NYMTZ): Dividend declared for the period July 15, 2024, to October 14, 2024.
Material Changes
The filing does not disclose material changes to financial performance, asset composition, or debt levels compared to prior periods. The primary event is the Board of Directors' decision to declare dividends, which is a routine corporate action for this reporting period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies beyond the standard incorporation of the press release. The document serves strictly to notify the market of the dividend declaration.
Investor Verification Checklist
- Verify the exact per-share dividend amount for Common Stock and each Preferred Stock series in the attached Press Release (Exhibit 99.1), as this 8-K text does not list the specific dollar values.
- Confirm the record date and payment date for the declared dividends, which are not specified in this summary text.
- Review the company's liquidity position in the most recent 10-Q or 10-K to assess the ability to fund these dividend payments.
- Check for any subsequent filings regarding the actual payment of these dividends.