Adamas Trust, Inc. 9.600% Senior Notes due 2031

Adamas Trust, Inc. is a real estate investment trust (REIT) that acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. Its objective is to manage a portfolio of investments that will deliver stable distributions to stockholders over diverse economic conditions. The company's portfolio includes structured multi-family property investments, residential loans, mortgage-backed securities, and other credit-related assets. It was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025.