New York Mortgage Trust (NYMT) said it  plans to use the net proceeds from its recently priced common stock public offering to acquire certain of the company's target assets, including multifamily CMBS.

NYMT said it would be targeting multifamily CMBS issued under one or more Freddie Mac multifamily loan securitization series as well as agency RMBS.

The company might also use the net proceeds for general working capital purposes.

The public offering is expected to close on Dec. 6.  

 

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