On April 24, 2020, Kristine Nario-Eng, the Chief Financial Officer and the principal financial officer and principal accounting officer of New York Mortgage Trust, Inc., went on maternity leave. In Ms. Nario-Eng's absence, other officers of the Company will assume many of Ms. Nario-Eng's duties while remaining in their current positions. In particular, the Board of Directors of the Company appointed Steven R. Mumma, the Company's Chairman and Chief Executive Officer, to serve in a temporary capacity as the acting principal financial officer and principal accounting officer of the Company, with such appointment effective as of April 24, 2020.

Ms. Nario-Eng's maternity leave is anticipated to end on or about July 5, 2020, at which time Ms. Nario-Eng will return to her role as the acting principal financial officer and principal accounting officer of the Company and Mr. Mumma will continue in his role as the Company's Chairman and Chief Executive Officer. Mr. Mumma, 61, has served as Chairman of the Company's Board of Directors since March 30, 2015. Mr. Mumma has served as Chief Executive Officer since February 3, 2009.

Mr. Mumma also served as the Company's President from 2007 to 2016 and as its Chief Financial Officer from November 2006 to October 2010.