NMDC has 2.19M shares change hands in a block trade
ByAinvest
Wednesday, Sep 3, 2025 2:12 am ET1min read
NMDC has 2.19M shares change hands in a block trade
New York Mortgage Trust, Inc. (NYMT) has announced its corporate rebranding to Adamas Trust, Inc., effective September 3, 2025. The company will trade under the new ticker symbol "ADAM" [1]. This 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.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].
Separately, a significant block trade involving 2.19 million shares of NMDC has occurred, with the details of the transaction remaining undisclosed [3]. The market reaction to both the rebranding of Adamas Trust and the block trade involving NMDC is being closely watched by investors and financial professionals.
References:
[1] https://www.ainvest.com/news/york-mortgage-trust-rebrand-adamas-trust-change-ticker-symbol-adam-2509/
[2] https://www.stocktitan.net/news/NYMT/new-york-mortgage-trust-inc-announces-corporate-rebrand-to-adamas-0pj11kzphes7.html
[3] https://www.nmdc.com/news/block-trade-details
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