What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2021-02-26 compared with 2020-02-28 · 45 added, 24 removed, 35 unchanged (66% of the section changed)

2 unchanged sentences

Our common stock is traded on the NASDAQ Global Select Market under the trading symbol “NYMT”.

As of December 31, 2019 , we had 291,371,039 shares of common stock outstanding and there were approximately 60 holders of record of our common stock.

This figure does not reflect the beneficial ownership of shares held in nominee name.

We intend to continue to pay quarterly dividends to holders of shares of our common stock.

Future distributions will be at the discretion of our Board of Directors and will depend on our earnings and financial condition, maintenance of our REIT qualification, restrictions on making distributions under Maryland law and such other factors as our Board of Directors deems relevant.

As of December 31, 2020, we had 377,744,476 shares of common stock outstanding and there were approximately 75 holders of record of our common stock, which does not reflect the beneficial ownership of shares held in nominee name, which we are unable to estimate.

We intend to pay regular quarterly dividends to holders of shares of our common stock.

Future distributions will be at the discretion of our Board of Directors and will depend on our earnings and financial condition, capital requirements, maintenance of our REIT qualification, restrictions on making distributions under Maryland law and such other factors as our Board of Directors deems relevant.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

2 unchanged sentences

The Company has no such plans that were not approved by security holders.

Plan Category

Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights

Weighted Average Exercise Price of Outstanding Options, Warrants and Rights

Number of Securities Remaining Available for Future Issuance under Equity Compensation Plan

Plan Category Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights Weighted Average Exercise Price of Outstanding Options, Warrants and Rights Number of Securities Remaining Available for Future Issuance under Equity Compensation Plan

Equity compensation plans approved by security holders 5,240,263 $ — 5,540,536

2 unchanged sentences

The graph assumes (i) that the value of the investment in the Company’s common stock and each of the indices were $100 as of December 31, 2015 and (ii) the reinvestment of all dividends.

12/15 12/16 12/17 12/18 12/19 12/20

New York Mortgage Trust, Inc.

100.00 145.94 154.68 168.47 202.69 129.49

Russell 2000 100.00 121.31 139.08 123.76 155.35 186.36

FTSE Nareit Mortgage REITs 100.00 122.85 147.16 143.45 174.05 141.38

The foregoing graph shall not be deemed incorporated by reference by any general statement incorporating by reference this Annual Report on Form 10-K into any filing under the Securities Act or under the Exchange Act, except to the extent we specifically incorporate this information by reference, and shall not otherwise by deemed "filed" with the SEC or deemed "soliciting material" under those acts.

2 unchanged sentences

The selected historical operating and balance sheet data for the years ended and as of December 31, 2020, 2019, 2018, 2017 and 2016 have been derived from our historical financial statements.

Prior year information has been conformed to current year financial statement presentation.

The information presented below is only a summary and does not provide all of the information contained in our historical consolidated financial statements, including the related notes.

2 unchanged sentences

For the Years Ended December 31,

2020 2019 2018 2017 2016

Interest income $ 350,161 $ 694,614 $ 455,799 $ 366,087 $ 319,306

1 unchanged sentence

Net interest income 127,093 127,864 78,728 57,986 64,638

Non-interest income

Non-interest (loss) income (359,792) 94,448 66,480 75,013 41,238

General, administrative and operating expenses 54,563 49,835 41,470 41,077 35,221

Net income attributable to Company's common stockholders

Basic earnings per common share

Diluted earnings per common share

Net (loss) income attributable to Company's common stockholders (329,696) 144,835 79,186 76,320 54,651

Basic (loss) earnings per common share $ (0.89) $ 0.65 $ 0.62 $ 0.68 $ 0.50

Diluted (loss) earnings per common share $ (0.89) $ 0.64 $ 0.61 $ 0.66 $ 0.50

Dividends declared per common share $ 0.23 $ 0.80 $ 0.80 $ 0.80 $ 0.96

3 unchanged sentences

As of December 31,

2020 2019 2018 2017 2016

Residential loans (1)

$ 3,049,166 $ 2,961,396 $ 1,022,784 $ 492,437 $ 616,007

Multi-family loans (1)

163,593 17,996,791 11,845,402 9,796,341 7,039,994

Investment securities available for sale, at fair value 724,726 2,006,140 1,512,252 1,413,081 818,976

Distressed and other residential mortgage loans, at fair value

Distressed and other residential mortgage loans, net

Investments in unconsolidated entities

Preferred equity and mezzanine loan investments

Multi-family loans held in securitization trusts, at fair value

Residential mortgage loans held in securitization trust, at fair value

Equity investments 259,095 189,965 73,466 51,143 79,259

Total assets (1)

4,655,587 23,483,369 14,737,638 12,056,285 8,951,631

Repurchase agreements 405,531 3,105,416 2,131,505 1,425,981 965,561

Multi-family collateralized debt obligations, at fair value

Residential collateralized debt obligations, at fair value

Residential collateralized debt obligations

Collateralized debt obligations (1)

1,623,658 17,817,709 11,117,623 9,341,304 6,875,426

Convertible notes 135,327 132,955 130,762 128,749 —

Subordinated debentures 45,000 45,000 45,000 45,000 45,000

Securitized debt

Total liabilities (1)

2,348,014 21,278,340 13,557,345 11,080,284 8,100,469

Total equity 2,307,573 2,205,029 1,180,293 976,001 851,162

(1) The following table presents the components of residential loans, multi-family loans and collateralized debt obligations for each of the balance sheet dates presented.

Our consolidated balance sheets include assets and liabilities of Consolidated VIEs, as the Company is the primary beneficiary of these VIEs.

As of December 31, 2019 , 2018 , 2017 , 2016 , and 2015 , assets of the Company's Consolidated VIEs totaled $19,270,384 , $11,984,374 , $ 10,041,468 , $7,330,872 and $7,412,093 respectively, and the liabilities of these Consolidated VIEs totaled $17,878,314 , $11,191,736 , $ 9,436,421 , $6,902,536 , and $7,077,175 respectively.

See Note 9 of our consolidated financial statements included in this Annual Report for further discussion.

Assets and liabilities of the Company's Consolidated VIEs for each of the balance sheet dates presented are also included in the following table (dollar amounts in thousands):

As of December 31,

2020 2019 2018 2017 2016

Residential loans

Residential loans, at fair value $ 3,049,166 $ 2,758,640 $ 737,523 $ 87,153 $ 17,769

Residential loans, at amortized cost, net — 202,756 285,261 405,284 598,238

Total $ 3,049,166 $ 2,961,396 $ 1,022,784 $ 492,437 $ 616,007

Multi-family loans

Multi-family loans, at fair value $ 163,593 $ 17,816,746 $ 11,679,847 $ 9,657,421 $ 6,939,844

Multi-family loans, at amortized cost, net — 180,045 165,555 138,920 100,150

Total $ 163,593 $ 17,996,791 $ 11,845,402 $ 9,796,341 $ 7,039,994

Collateralized debt obligations

Collateralized debt obligations, at fair value $ 1,054,335 $ 17,777,280 $ 11,022,248 $ 9,189,459 $ 6,624,896

Collateralized debt obligations, at amortized cost, net 569,323 40,429 95,375 151,845 250,530

$ 1,623,658 $ 17,817,709 $ 11,117,623 $ 9,341,304 $ 6,875,426

Consolidated VIEs

Assets $ 2,150,984 $ 19,270,384 $ 11,984,374 $ 10,041,468 $ 7,330,872

Liabilities $ 1,667,306 $ 17,878,314 $ 11,191,736 $ 9,436,421 $ 6,902,536

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity