NEW YORK, Sept. 24, 2018 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) announced today the promotion of Nathan Reese to Chief Operating Officer, a newly created role at the Company. Mr. Reese has been with the Company since 2004 and has served as a Managing Director since 2016 and as an executive officer of the Company since 2009. He is responsible for the Company’s operations, including certain portfolio activity, loan servicing, treasury functions, and information technology.

“Nathan has been an invaluable contributor to our strategic direction and growth,” stated Steven R. Mumma, the Company’s Chairman and Chief Executive Officer. “This promotion reflects the broad scope of Nathan’s current responsibilities and his overall importance to our senior management team. Nathan has played a key role over the years in implementing and managing our strategic and operational initiatives and overseeing various portfolio and treasury functions. I have great confidence that Nathan, in this new role, along with the rest of our team, will continue to help us to grow the Company and deliver long-term stable distributions to our stockholders.”

About New York Mortgage Trust

New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes (“REIT”). NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets and targets multi-family CMBS, direct financing to owners of multi-family properties through preferred equity and mezzanine loan investments, residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-Agency RMBS, Agency RMBS and other mortgage-related and residential housing-related investments.