Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 4

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 4
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 at a Glance
New York Mortgage Trust, Inc. (NASDAQ: NYMT) is an internally-managed real estate investment trust (“REIT”) for U.S. federal income tax purposes, in the business of acquiring, investing in, financing and managing primarily mortgage-related residential assets. Our principal objective is to deliver long-term stable earnings for distribution to our stockholders over changing economic conditions with a diversified investment portfolio. Our investment portfolio includes credit sensitive single-family and multi-family assets, as well as other types of fixed-income investments such as Agency RMBS.

(1) Total Market Capitalization represents the outstanding shares of common stock and preferred stock multiplied by closing common stock and preferred stock market price as of the date indicated.

(2) Data as of December 31, 2024.

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#### 2024 Company Key Developments

#### (1)
Our objective is to deliver long-term stable distributions to our stockholders over changing economic conditions through a combination of net interest spread and capital gains from a diversified investment portfolio. To accomplish this, we focus on (i) our core portfolio strengths of single-family and multi-family residential assets and (ii) maintaining a balanced and diverse funding mix to finance our assets and operations.

In 2024, we focused on prudent portfolio growth to increase interest income, particularly through Agency RMBS and short duration residential loans, optimization of financing of assets we own and preservation of liquidity to execute on investment opportunities as they arise. Set forth below are key Company developments from 2024 :

(1) Unless otherwise stated, the measures used herein refer to our results as of or for the year ended December 31, 2024.

(2) Portfolio recourse leverage ratio represents the Company's outstanding recourse repurchase agreement financing divided by the Company's total stockholders' equity.

(3) Cost of operations is calculated by dividing total general and administrative expenses for 2024 by the Company's average stockholders' equity in 2024.

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#### Stockholder Engagement and Say-On-Pay
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#### Executive Compensation Highlights
The Compensation Committee of our Board of Directors is committed to reviewing our executive compensation program on a regular basis and making changes based on the current market compensation practices, governance trends, and the results of the advisory vote to approve our named executive officer ("NEO") compensation, amongst other factors. The following highlights certain key features of our 2024 executive compensation program:

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