NYMT issues $60M of 9.125% Senior Notes due 2029

ADAMAS TRUST, INC.

Issued $60M principal of 9.125% Senior Notes due July 1, 2029, at par.
Net proceeds of ~$57.5M after discounts and expenses; used for general corporate purposes including asset acquisition.
Underwriters have 30-day option to purchase additional $9M to cover over-allotments.
Notes rank senior unsecured, redeemable at company's option on or after July 1, 2026.
Interest payable quarterly starting October 1, 2024.

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