Armchair Insider

ADAMI Adamas Trust 9.125% Senior Notes due 2029

Sold NYMTI, now ADAMI, and moved to Dynex preferred shares for lower observed volatility. NYMTI became ADAMI on September 3, 2025; it is the same 9.125% senior note due 2029.

Armchair historySoldJul 20, 2025

Date of the newsletter disclosure. Latest-year investment returns are separate from Armchair’s own trading results.

Hypothetical investment

Growth of $10,000

Dividends reinvested · no additional contributions

ADAMI would be worth$12,020Available history · 5Y requested · as of Sep 21, 2026

S&P 500 (SPY)$14,458Same $10,000 · same dates

Total gain / loss+$2,020+20.2% total return

ADAMIS&P 500 (SPY)

Jul 2, 2024 · $10,000 investedSep 21, 2026

The selected period exceeds this investment’s age; the chart shows its complete available trading history. Based on adjusted market prices through the latest available completed session, before personal taxes and trading costs.

Checking the latest completed session…

Market performance

Total return

Price movement plus reinvested distributions, compared with SPY.

+20.2% over available history

1 YEAR TOTAL RETURN+10.8%

Price11% of return+1.2%

Dividend89% of return+9.6%

Available history

2.2 YEARS TOTAL RETURN+20.2%Since inception+8.6% / yr annualized

Price1% of return+0.2%

Dividend99% of return+20.0%

Available history

Dividend includes all distributions and reinvestment.

Jul 2, 2024Sep 21, 2026

Total return+20.20%

S&P 500 (SPY)+44.58%

Annualized return+8.64%

Largest drawdown-5.77%

Original Armchair disclosure

Sold · Jul 20, 2025. Sold NYMTI, now ADAMI, and moved to Dynex preferred shares for lower observed volatility.

Read the newsletter

Security identity / corporate action

Compare all past picks →

Selection source Seeking Alpha comparison Price data