NYSE Seeks to Delist New York Mortgage

New York Mortgage Trust Inc., a New York-based real estate investment trust, has reported that trading of its common stock on the New York Stock Exchange will be suspended before the market opening on Sept. 11 and that the NYSE will take action to delist the stock.The company said it has filed an application to list its common stock on another national securities exchange. New York Mortgage Trust said the reason cited by the NYSE for the delisting action is that the company has fallen below the exchange's continued listing standard of not less than a $25 million average global market capitalization over a consecutive 30-trading-day period. The company, which invests in and manages residential adjustable-rate mortgage loans and mortgage-backed securities, can be found online at http://www.nymtrust.com.