New York Mortgage Trust, Inc. (NYMT) is a high-yield mortgage REIT for investors with a very high risk tolerance. That said, though, the mortgage REIT also issued preferred shares which allow investors to lower their investment risk while still securing respectable dividend income. In particular, I think New York Mortgage Trust's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN) is an attractive alternative to the mortgage REIT's common shares and offers attractive value for investors with a low risk tolerance.
New York Mortgage Trust - Preferred Stock Alternative
New York Mortgage