American Home Mortgage Investment Corp. Board Declares Quarterly Common Stock and Series A and Series B Preferred Stock Dividend
March 05 2007 - 4:40PM
Business Wire
American Home Mortgage Investment Corp. (NYSE: AHM) announced today
that its Board of Directors has declared a quarterly cash dividend
of $1.12 per share on the Company's common stock, a quarterly cash
dividend of $0.609375 per share on the Company's 9.75% Series A
Cumulative Redeemable Preferred Stock and a quarterly cash dividend
of $0.578125 per share on the Company�s 9.25% Series B Cumulative
Redeemable Preferred Stock. The common stock dividend is payable on
April 27, 2007, to shareholders of record as of April 9, 2007. The
Series A Preferred Stock dividend is payable on April 30, 2007, to
shareholders of record as of April 9, 2007. The Series B Preferred
Stock dividend is payable on April 30, 2007 to shareholders of
record as of April 9, 2007. American Home Mortgage Investment Corp.
is a mortgage real estate investment trust (REIT) focused on
earning net interest income from self-originated loans and
mortgage-backed securities, and, through its taxable subsidiaries,
from originating and selling mortgage loans and servicing mortgage
loans for institutional investors. Mortgages are originated through
a network of loan production offices and mortgage brokers as well
as purchased from correspondent lenders, and are serviced at the
Company�s Irving, Texas servicing center. For additional
information, please visit the Company's website at
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.
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