Adamas Trust Begins a New Chapter
In an important move indicative of growth and transformation, New York Mortgage Trust, Inc. has announced its rebranding to Adamas Trust, Inc. This change is set to take effect at 12:01 a.m., Eastern Time, marking a significant milestone for the organization. With the new name, the company will also adopt the ticker symbol "ADAM" on Nasdaq starting September 3, 2025.
A New Name with Meaning
The term "Adamas" translates to meanings like "firm," "unbreakable," and "lasting," encapsulating the essence of the company’s mission. This rebranding signals more than just a name change; it is a reflection of who the organization strives to be in the investment landscape. The move aligns seamlessly with Adamas Trust’s vision to cultivate strength and resilience, fortifying its market position and ensuring lasting value for its shareholders.
CEO's Vision for the Future
Jason Serrano, the CEO of Adamas Trust, expressed that rebranding is a significant declaration of the company's identity and future aspirations. He emphasized that the new name and its implications resonate with the unwavering principles that guide the company forward. This shift is seen as a strategical alignment with their long-term goals.
Strategic Growth Initiatives
Over the last year, Adamas Trust has made impressive advancements, expanding its interest income by 55%. This growth was achieved through a careful realignment of its portfolio focusing on Agency RMBS and the recent acquisition of Constructive Loans, LLC. This acquisition positions Adamas Trust to tap into the lucrative sector of business purpose loans aimed at residential real estate investors.
Investment Management Capabilities
With a robust management team that boasts over 20 years of experience through various market cycles, the company believes it is exceptionally equipped to continue delivering strong, risk-adjusted returns. This capability is crucial as it expands its investment management capacities and builds resilience against market volatility.
Ticker Symbol Changes
The transition to Adamas Trust comes with several changes to its trading symbols, which will be effective as of September 3, 2025. This includes movement from its existing symbols on Nasdaq such as moving from "NYMT" to "ADAM" for common stock along with similar adjustments for its preferred stocks and senior notes. Each symbol change reflects the new corporate identity that seeks to enhance shareholder recognition and engagement.
No Disruption to Business Operations
Crucially, the rebranding will not disrupt ongoing business operations, stockholder rights, or the company’s status as a real estate investment trust (REIT) for U.S. federal income tax purposes. Existing securities will remain valid, and no action will be required by shareholders as a result of the naming or ticker transition.
A Commitment to Stakeholders
In conjunction with the rebranding initiative, Adamas Trust will unveil a new corporate website, which aims to provide shareholders and investors with enhanced accessibility to corporate information. This new platform will be live on September 3, 2025, marking the beginning of a new era in corporate communication and stakeholder engagement.
About Adamas Trust
Adamas Trust, formerly known as New York Mortgage Trust, Inc., operates as an internally managed real estate investment trust. The company strategically deploys capital across various sectors to cultivate durable earnings and long-term value for its stockholders. Upheld by a foundation of strength, integrity, and strategic foresight, Adamas Trust is focused on leveraging disciplined portfolio management to seize growth opportunities across real estate and capital markets.
Frequently Asked Questions
What is the reason for the rebranding to Adamas Trust?
The rebranding to Adamas Trust reflects a commitment to strength and resilience as the company evolves its business model and objectives.
What will happen to the current stockholders after the name change?
Current stockholders will not experience changes to their rights or operations as a result of the name change; existing securities will remain valid.
When does Adamas Trust's new name and ticker symbol take effect?
The new name and ticker symbol "ADAM" will take effect at 12:01 a.m. Eastern Time on September 3, 2025.
How has the acquisition of Constructive Loans, LLC affected the company?
The acquisition has broadened Adamas Trust’s portfolio, improving its potential for higher interest income through business loans targeted at residential real estate investors.
What resources are available for investors to learn more about Adamas Trust?
Investors can access additional resources and information through the new corporate website, which will be fully operational on September 3, 2025.
