AHM AmeriHome Inc

MELVILLE, N.Y., Aug. 9 /PRNewswire-FirstCall/ -- American Home Mortgage Investment Corp. (NYSE:AHM) today announced that it has entered into an agreement with its underwriters to sell 9 million shares of its common stock in a public offering at a price to the public of $35.50 per share. The Company also granted the underwriters an option to purchase an additional 1.35 million shares of common stock to cover over-allotments, if any. Citigroup Global Markets Inc. acted as sole bookrunning manager of the offering. The offering, which is expected to close on August 15, 2005, will result in proceeds to the Company of $319.5 million before underwriting discounts and commissions and other expenses. The shares are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer will be made, if at all, only by the means of the prospectus, including the prospectus supplement, which forms a part of the effective registration statement. American Home Mortgage Investment Corp. is a mortgage real estate investment trust ("REIT") focused on earning net interest income from self- originated mortgage-backed securities, and through its taxable subsidiaries, from originating and servicing mortgage loans for institutional investors. Mortgages are originated through a network of loan production offices as well as through mortgage brokers and correspondents and are serviced at the Company's Irving, Texas servicing center. For additional information, please visit the Company's website at http://www.americanhm.com/. This news release contains "forward-looking statements" that are based upon expectations, estimates, forecasts, projections and assumptions. Any statement in this news release that is not a statement of historical fact, including, but not limited to, earnings guidance and forecasts, projections of financial results and loan origination volume, expected future financial position, dividend plans or business strategy, and any other statements of plans, expectations, objectives, estimates and beliefs, is a forward looking statement. Words such as "look forward," "will," "anticipate," "may," "expect," "plan," "believe," "intend," "opportunity," "potential," and similar words, or the negatives of those words, are intended to identify forward- looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that are difficult to predict, and are not guarantees of future performance. As a result, actual future events may differ materially from any future results, performance or achievements expressed in or implied by this news release. Specific factors that might cause such a difference include, but are not limited to: American Home's limited operating history with respect to its portfolio strategy; the potential fluctuations in American Home's operating results; American Home's potential need for additional capital; the direction of interest rates and their subsequent effect on the business of American Home and its subsidiaries; risks associated with the use of leverage; changes in federal and state tax laws affecting REITs; federal and state regulation of mortgage banking; and those risks and uncertainties discussed in filings made by American Home with the Securities and Exchange Commission. Such forward-looking statements are inherently uncertain, and stockholders must recognize that actual results may differ from expectations. American Home does not assume any responsibility, and expressly disclaims any responsibility, to issue updates to any forward- looking statements discussed in this news release, whether as a result of new information, future events or otherwise. DATASOURCE: American Home Mortgage Investment Corp. CONTACT: Mary M. Feder, Vice President, Investor Relations of American Home Mortgage Investment Corp., +1-631-622-6469, Web site: http://www.americanhm.com/

Copyright