New York Mortgage announces completion of consent solicitation

New York Mortgage (NYMT) Trust announced completion of its previously announced consent solicitation, having secured the necessary consents from holders of a majority of its outstanding 5.75% Senior Notes due 2026 to approve a proposed amendment to the indenture governing the Notes, in accordance with the terms and conditions set forth in the Company’s Consent Solicitation Statement, dated June 2, 2025. As of 5:00 p.m., New York City time, on June 12, the Company had received valid and unrevoked consents from holders representing a majority of the outstanding aggregate principal amount of the Notes. Accordingly, the Company and UMB Bank National Association, as trustee, have entered into a supplemental indenture implementing the Proposed Amendment. Subject to the terms and conditions described in the Consent Solicitation Statement, the Company will pay an aggregate cash payment equal to $4.00 per $1,000 principal amount of Notes for which valid and unrevoked consents to the Proposed Amendment were delivered on or prior to the Expiration Date. The Consent Payment will be made to D.F. King & Co., Inc., as the Information and Tabulation Agent, on behalf of the applicable holders. The Company expects to pay the Consent Payment on June 13, 2025.