New York Mortgage Trust Announces Tax Treatment of 2024 Dividend Distributions

Core Viewpoint - New York Mortgage Trust, Inc. (NYMT) has announced the tax treatment of its common and preferred stock dividends declared in 2024, providing essential information for stockholders regarding their tax reporting requirements related to dividend distributions [1][2]. Dividend Distribution Summary - The total dividend distribution per share of common stock for 2024 is $1.00, with$0.80 classified as ordinary dividends and $0.20 as adjustments [4]. - The dividend distributions for the 8.000$2.00 per share, all classified as non-dividend distributions [6]. - The 7.875% Series E Preferred Stock has a total distribution of $1.96875 per share, also classified as non-dividend distributions [7]. - The 6.875$1.71875 per share, classified as non-dividend distributions [7]. - The 7.000% Series G Preferred Stock has a total distribution of $1.75000 per share, classified as non-dividend distributions [7]. Tax Treatment Details - No portion of the 2024 dividend distributions is expected to consist of excess inclusion income, which is relevant for certain tax-exempt investors [3]. - Distributions made on January 23, 2025, are treated as received by stockholders on December 31, 2024, due to the aggregate cash distributions exceeding 2024 earnings and profits [5]. - Stockholders are advised to consult their tax advisors regarding the specific tax treatment of the Company's dividend distributions [2][8]. Company Overview - 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, focusing on acquiring, investing in, financing, and managing primarily mortgage-related residential assets [9].