New York Mortgage Trust to Rebrand as Adamas Trust, Change Ticker Symbol to ADAM

New York Mortgage Trust is rebranding to Adamas Trust and changing its ticker symbol to ADAM, effective September 3. The company did not provide any further details on the reason for the change or what the new name signifies. Shares were trading -1.64% pre-market.

New York Mortgage Trust, Inc. (NYMT) announced its corporate rebranding to Adamas Trust, Inc., effective September 3, 2025, with its common stock trading under the new ticker symbol "ADAM" [1]. The rebranding reflects the company's evolution into a multi-dimensional investment platform, following a 55% expansion in interest income through portfolio realignment focused on Agency RMBS [2]. The company recently acquired Constructive Loans, LLC, a leading business purpose loan originator for residential real estate investors. All preferred stock series and senior notes will receive corresponding new ticker symbols.

The rebranding will not affect business operations, stockholder rights, or REIT status. Shares were trading -1.64% pre-market. The new corporate website, www.AdamasREIT.com, will go live on Wednesday, September 3, 2025 [1].

References:
[1] https://finance.yahoo.com/news/york-mortgage-trust-inc-announces-130000621.html
[2] https://www.stocktitan.net/news/NYMT/new-york-mortgage-trust-inc-announces-corporate-rebrand-to-adamas-0pj11kzphes7.html