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Underwriter exercises purchase option in New York Mortgage Trust's offering

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Underwriter exercises purchase option in New York Mortgage Trust's offering

Morgan Stanley & Co. LLC, as underwriter, exercised in full its option to buy up to an additional 2,250,000 common shares in New York Mortgage Trust Inc.'s offering.

As a result, New York Mortgage Trust fetched total net proceeds of about $13.2 million, before offering expenses.