October 26, 2009 (FinancialWire) — New York Mortgage Trust, Inc. (NASDAQ: NYMT) (Current Market Cap: $72.81 Mil.) has filed a shelf registration statement with the Securities and Exchange Commission to allow the firm to raise up to $50 million through the sale of common stock, through one or more offerings.

Until the market value of the company’s common stock held by non-affiliates exceeds $75 million, New York Mortgage will be limited to issuing shares from the shelf registration statement during a rolling period of 12 calendar months with an aggregate market value that does not exceed one-third of the company’s public float.

New York Mortgage plans to use the net proceeds to finance the acquisition of Agency RMBS, non-Agency RMBS and other alternative assets, subject to maintaining the company’s REIT qualification.

New York-based New York Mortgage Trust is a real estate investment trust that invests primarily in real estate-related assets, including mortgage-backed securities issued by Fannie Mae or Freddie Mac and high credit quality residential adjustable rate mortgage loans, and to a lesser extent, in certain alternative real-estate related and financial assets.

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