SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): March 13,
2008
NEW
YORK MORTGAGE TRUST, INC.
(Exact
name of registrant as specified in its charter)
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Maryland
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001-32216
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47-0934168
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1301
Avenue of the Americas
New
York, New York 10019
(Address
and zip code of
principal
executive offices)
Registrant’s
telephone number, including area code:
(212) 792-0107
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
On
March
13 and 14, 2008, in connection with New York Mortgage Trust, Inc.’s (the
"Company") previously announced decision to reduce leverage in its portfolio
of
agency mortgage-backed securities ("Agency MBS"), the
Company sold an aggregate of approximately $236 million of Agency MBS issued
by
Fannie Mae, resulting in a loss of approximately $6 million. The
Company is unable to identify the purchasers of the securities because the
securities were sold through securities dealers. Including
the Agency MBS sales of March 8 and 10, 2008 previously disclosed in a Current
Report on Form 8-K/A filed on March 14, 2008, the Company has sold an aggregate
of $447 million of Agency MBS during March 2008. Realized losses from these
March transactions, including terminations of associated interest rate hedges,
total approximately $13 million.
Item
7.01. Regulation FD Disclosure.
On
March
18, 2008, New York Mortgage Trust, Inc. (the “Company") issued a press release
regarding the sale of $236 million of Agency MBS in connection with a reduction
in leverage in its portfolio of Agency MBS. A copy of the press release is
furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated by reference herein.
In
accordance with General Instructions B.2 and B.6 of Form 8-K, the information
included under Item 7.01 in this Current Report on Form 8-K (including Exhibit
99.1 hereto), shall not be deemed “filed” for the purposes of Section 18 of the
Securities Act of 1934, as amended (the “Exchange Act”), or otherwise subject to
the liabilities of that section, nor shall it be deemed incorporated by
reference into any filing made by the Company under the Exchange Act or
Securities Act of 1933, as amended, except as shall be expressly set forth
by
specific reference in such a filing.
Item
9.01.
Financial
Statements and Exhibits.
(d)
Exhibits.
The
following exhibit is being furnished herewith this Current Report on Form
8-K.
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99.1
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Press
Release dated March 18, 2008.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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NEW
YORK MORTGAGE TRUST, INC.
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(Registrant)
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Date: March
18, 2008
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By: /s/ Steven
R. Mumma
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Steven
R. Mumma
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Chief
Financial Officer
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EXHIBIT
INDEX
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Exhibit
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Description
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99.1
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Press
Release dated March 18, 2008.
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