2023-03-16 03:28:37 ET
- New York Mortgage ( NASDAQ: NYMT ) authorized the upsize of its common stock repurchase program such that common stock having an aggregate value of $200M remains available for repurchase after giving effect to the upsize.
- The upsize brings the total size of the common stock repurchase program to $246M from $200M.
- All other terms of the company's common stock repurchase program remain unchanged.
- Additionally, the board authorized a preferred stock repurchase program under which the company may repurchase up to $100M of the company's preferred stock.
- The preferred stock repurchase program does not require the purchase of any minimum number of shares.
- The company expects to fund any preferred stock repurchases through current liquidity.
For further details see:
New York Mortgage authorizes upsize of common stock repurchase program to $246M