New York Mortgage Trust Inc., a New York-based real estate investment trust, has reported that no dividend will be paid on its common stock for the second quarter.The decision of the REIT's board to omit a dividend "reflects the company's focus on eliminating operating losses through the sale of its mortgage lending business and conserving capital to build future earnings from its mortgage portfolio operations," the company said. NYMT, which invests in and manages residential adjustable-rate mortgages and mortgage-backed securities, can be found online at http://www.nymtrust.com.
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