Company: ADAMM
Filing Date: 2025-07-01
Form Type: 424B5
Source: 0001104659-25-064730
Chunk: 8

Company: ADAMAS TRUST, INC.
Filing Date: 2025-07-01
Form: 424B5
Chunk 8
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 Preferred Stock”) are listed on Nasdaq under the symbols “NYMT”, “NYMTN”, “NYMTM”, “NYMTL” and “NYMTZ”, respectively. Our 9.125% Senior Notes due 2029 are listed on Nasdaq under the symbol “NYMTI.” Our 9.125% Senior Notes due 2030 are listed on Nasdaq under the symbol “NYMTG.” Our website address is www.nymtrust.com . Our website and the information contained at or connected to our website does not, and should not be interpreted to, constitute a part of this prospectus supplement, the accompanying prospectus or any amendment or supplement thereto.

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TABLE OF CONTENTS

### THE OFFERING
The following is a brief summary of certain terms of this offering. For a more complete description of the terms of the notes, see “Description of the Notes” in this prospectus supplement and “Description of Debt Securities” in the accompanying prospectus.

Issuer

New York Mortgage Trust, Inc., a Maryland corporation.

Notes

$85,000,000 principal amount of 9.875% Senior Notes due 2030 (plus up to an additional $12,750,000 principal amount if the underwriters exercise their option to purchase additional notes to cover over-allotments, if any) issued in minimum denominations of $25 and integral multiples of $25 in excess thereof.

Maturity Date

October 1, 2030, unless redeemed prior to maturity.

Interest Rate

9.875% per year. Interest will accrue from July 8, 2025 and will be payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, beginning on October 1, 2025.

Optional Redemption; no Sinking Fund

We may redeem the notes at our option, in whole or in part, at any time and from time to time, on or after October 1, 2027 at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No “sinking fund” is provided for the notes, which means that we are not required to redeem or retire the notes periodically.

Change of Control Offer to Repurchase

If a Change of Control Repurchase Event as defined under “Description of the Notes — Offer to Repurchase Upon