New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that it priced an underwritten registered public offering of 13,500,000 shares of common stock at
a public offering price of $6.89 per share. NYMT also granted the underwriters an option to purchase up to an additional 2,025,000 shares of common stock.
This is a huge offering. NYMT is adding 13,500,000 shares to a total outstanding on August 6, 2012 of 22,544,374. The share price is holding pretty well in view of this secondary offering. Let's hope they continue to produce high returns on this new equity.