Adamas Trust Board Approves Common and Series D–G Preferred Dividends

Rhea-AI Filing Summary

Adamas Trust, Inc. announced that its Board of Directors declared a regular quarterly cash dividend on the company’s common stock and also declared cash dividends on its 8.00% Series D, 7.875% Series E, 6.875% Series F and 7.000% Series G preferred stock for the dividend period beginning July 15, 2025 and ending October 14, 2025. The announcement was made via a press release and a copy is attached to the Current Report as Exhibit 99.1 and incorporated by reference.

Positive

• Board declared a regular quarterly cash dividend on the company's common stock
• Dividends declared for four preferred series (Series D, E, F and G) covering the July 15, 2025–October 14, 2025 period

Negative

• None.

Insights

Financial Analyst

TL;DR: Dividend declarations across common and multiple preferred series signal continued cash return to holders without indicating material operational change.

The Board’s declaration of a regular quarterly cash dividend on common stock and dividends for four preferred series is a routine capital allocation decision that maintains income to shareholders and preferred holders. The filing references the dividend period from July 15, 2025 to October 14, 2025 for the preferred series. No amounts, record dates, or payment dates are disclosed in the provided text, limiting assessment of cash impact or payout ratios. Absent further financial details, this remains a neutral, shareholder-income event rather than a material change to capital structure.

Corporate Governance Expert

TL;DR: Board action to declare dividends reflects standard governance practice; disclosure is procedural and non-disruptive.

The disclosure documents that the Board formally approved distributions for both common and multiple preferred stock series and that the press release is filed as Exhibit 99.1. The filing does not indicate any related corporate governance actions such as amendments to charter, changes in dividend policy, or extraordinary distributions. Given the absence of additional terms or changes, the action appears procedural and consistent with maintaining investor expectations for income distributions.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 15, 2025

ADAMAS TRUST, INC.

(Exact name of registrant as specified in its charter)

Maryland			001-32216			47-0934168
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

90 Park Avenue

New York, New York 10016

(Address and zip code of

principal executive offices)

Registrant’s telephone number, including area code: (212) 792-0107

NEW YORK MORTGAGE TRUST, INC.

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock, par value $0.01 per share

ADAM

NASDAQ

Stock Market

8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference

ADAMN

NASDAQ

Stock Market

7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference

ADAMM

NASDAQ

Stock Market

6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference

ADAML

NASDAQ

Stock Market

7.000% Series G Cumulative Redeemable Preferred Stock, par value $0.01 per share, $25.00 Liquidation Preference

ADAMZ

NASDAQ

Stock Market

9.125% Senior Notes due 2029

ADAMI

NASDAQ

Stock Market

9.125% Senior Notes due 2030

ADAMG

NASDAQ

Stock Market

9.875% Senior Notes due 2030

ADAMH

NASDAQ

Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 under the Securities Act (§230.405 of this chapter) or Rule 12b-2 under the Exchange Act (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.    Other Events.

On September 15, 2025, Adamas Trust, Inc. (the “Company”) issued a press release (the “Press Release”) announcing that its Board of Directors (the “Board”) declared a regular quarterly cash dividend on its common stock for the quarter ending September 30, 2025. The Company also announced in the Press Release that the Board declared cash dividends on the Company’s 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the Company’s 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the Company’s 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock and the Company’s 7.000% Series G Cumulative Redeemable Preferred Stock for the dividend period that began on July 15, 2025 and ends on October 14, 2025.

A copy of the Press Release is filed with this Current Report on Form 8-K as Exhibit 99.1 and incorporated by reference herein.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being filed with this Current Report on Form 8-K.

Exhibit No.						Description
99.1						Press release, dated as of September 15, 2025.
104						Cover Page Interactive Data File-the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			ADAMAS TRUST, INC.
			(Registrant)
Date: September 15, 2025			By:			/s/ Kristine R. Nario-Eng
						Kristine R. Nario-Eng
						Chief Financial Officer

FAQ

What dividends did ADAM declare in this 8-K?

The Board declared a regular quarterly cash dividend on common stock and cash dividends on the 8.00% Series D, 7.875% Series E, 6.875% Series F and 7.000% Series G preferred stock for the period beginning July 15, 2025 and ending October 14, 2025.

Where can I find the full press release referenced in the ADAM 8-K?

The press release announcing the dividend declarations is filed as Exhibit 99.1 and is incorporated by reference into the Current Report.

Does the filing disclose dividend payment or record dates for ADAM?

No. The provided text states the dividend declarations and the preferred dividend period but does not disclose specific payment dates or record dates.

Did ADAM announce any other material corporate actions in this filing?

No. The excerpt only discloses the Board’s declaration of dividends and attachment of the press release; no other material actions are described.