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New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
We've got so many exciting developments in the sector, but we'll focus in on two of them.
One is a mortgage REIT with a massive dividend yield reporting a huge drop in book value per share, which makes their dividend yield look even more doubtful.
Another is a mortgage REIT trading at an absolutely massive discount to trailing book value and to our latest book value estimates.
What's special about that discount? A shareholder managed to push a proposal to liquidate into the voting for shareholders.