updated 1/31/2011 4:17:14 PM ET 2011-01-31T21:17:14

NEW YORK, Jan. 31, 2011 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today the following tax treatment for dividends paid or declared in 2010 on the Company's common stock.

Declaration

Date
Record

Date
Payment

Date
Cash Distribution

per share
Short-term

Capital Gain
Taxable Ordinary

Dividend
Return of

Capital
12/21/09 01/07/10 01/26/10 $0.25 $0.00 $0.05 $0.20
03/16/10 04/01/10 04/26/10 $0.25 $0.00 $0.05 $0.20
06/16/10 07/06/10 07/26/10 $0.18 $0.00 $0.04 $0.14
10/04/10 10/14/10 10/25/10 $0.18 $0.00 $0.04 $0.14
12/20/10 12/30/10 01/25/11 $0.18 $0.00 $0.04 $0.14
             
Total 2010 Cash Distribution $1.04 $0.00 $0.22 $0.82

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of dividends on the Company's common stock. The information set forth above is also available on the Company's website, www.nymtrust.com , under the "Investor Relations―Dividend History" section of the website.

About New York Mortgage Trust

New York Mortgage Trust, Inc. is a real estate investment trust ("REIT") that acquires and manages primarily real estate-related assets, including mortgage-backed securities ("RMBS") issued by Fannie Mae or Freddie Mac (each an "Agency"), high credit quality residential adjustable rate mortgage ("ARM") loans, non-Agency RMBS, and to a lesser extent, other real-estate-related and financial assets. As a REIT, the Company is not subject to federal income tax, provided that it distributes at least 90% of its REIT income to stockholders.

CONTACT: AT THE COMPANY
         Steven R. Mumma,
         CEO, President
         Phone:  212-792-0109
         Email: smumma@nymtrust.com

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