Adamas Trust, Inc. has entered into an equity distribution agreement with JonesTrading Institutional Services LLC, BTIG, LLC and B. Riley Securities, Inc. to sell up to $250,000,000 of its common stock. The agreement, effective June 12, 2026, allows the company to offer shares through at-the-market offerings, providing flexibility for capital raising. The agents will facilitate sales on the Nasdaq Global Select Market or other venues, with compensation capped at 2.0% of gross proceeds.

Distribution Mechanics

The Offered Stock may be sold through various methods defined in Rule 415 under the Securities Act of 1933, as amended. These include ordinary brokers' transactions, privately negotiated transactions such as block trades, or sales to an agent as principal. If shares are sold to an agent as principal, a separate written agreement will be executed. The company retains the right to suspend solicitations and offers at any time, and neither the company nor the agents are obligated to buy or sell any shares.

Financial Terms

The agreement specifies the following financial parameters:

Use of Proceeds

Adamas Trust expects to use the net proceeds from the sale of the Offered Stock for general corporate purposes. These may include acquiring targeted assets, such as mortgage-, residential housing- and credit-related assets, as well as supporting general working capital needs.

Adamas Trust announced that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share on its common stock for the quarter ending June 30, 2026. The dividend will be payable on July 28, 2026 to common stockholders of record as of the close of business on June 23, 2026. This distribution provides income to shareholders while the company continues its focus on real estate investments.

In addition to the common stock dividend, the Board declared cash dividends on four series of preferred stocks. These include the 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, the 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and the 7.000% Series G Cumulative Redeemable Preferred Stock. The dividend period for these preferred stocks runs from April 15, 2026 to July 14, 2026.

The following table outlines the dividend details for the preferred stock series:

Adamas Trust is an internally managed real estate investment trust (REIT) focused on deploying capital across complementary businesses to generate earnings and long-term value. The company employs disciplined portfolio management and an operating platform to capture opportunities in real estate and capital markets. Shareholders should note that dividend payments are subject to the company's future financial performance and regulatory requirements.