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Posted by
Two Blokes Jul 13 -
Filed in
Stock
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New York Mortgage Trust is a mREIT increasing its reliance on net interest income, pivotting away from direct real estate investments. The company's NYMTI and NYMTG baby bonds offer par value discounts of 2-3%, underperforming the high-yield bond HYG ETF so far this year. Coverage of payments to senior unsecured noteholders has improved in recent quarters.
