Robert J. Dwyer Joins Opteum Inc. Board of Directors
June 14 2007 - 8:35AM
Business Wire
Opteum Inc. (NYSE:OPX) (�Opteum� or the �Company�), a real estate
investment trust (�REIT�), today announced that its Board of
Directors has appointed Robert J. Dwyer as a member of the Board
and Chair of the Audit Committee, effective June 12, 2007. Mr.
Dwyer has been a member of the Board of Directors of MasTec, Inc.
since October of 2004. He retired from Morgan Stanley Dean Witter
in 1999 as Executive Vice President-National Sales Director, having
served in that role from 1990 until his retirement. Prior to that,
Mr. Dwyer was Director of Taxable Fixed Income for Morgan Stanley
Dean Witter. He currently serves as an advisory director for Morgan
Stanley & Co. and on the Board of Directors of the Bank of New
York Ivy Multi-Strategy Hedge Funds. Mr. Dwyer has numerous
charitable and civic interests. He currently serves as Chairman of
the Board of Trustees for Niagara University and is on the
investment committee for the Vincentian Order. He also is Chairman
of the Dwyer Family Foundation, which supports a number of health
and social programs. Mr. Dwyer has been appointed to fulfill a
vacancy on the Board following the June 12, 2007, resignation of
Maureen A. Hendricks. Mrs. Hendricks has resigned from the Board in
order to devote more of her time to her personal and other business
interests. Mr. Christopher Mortenson has been appointed as the Lead
Independent Director of the Board, effective June�12, 2007.
Commenting on these changes in the composition of the Board, Mr.
Jeffrey J. Zimmer, Chairman, President and Chief Executive Officer
stated, �We sincerely thank Maureen Hendricks for her loyal and
conscientiousness service to the Company and its shareholders
during her tenure on the Board. She has been a valuable contributor
to the Board since the Company�s inception in 2003, and we wish her
the utmost success in her future endeavors. We expect Bob Dwyer's
experience, judgment and expertise will add great value to the
Board of Opteum Inc. We are delighted that he has agreed to join
us.� About Opteum Opteum Inc. is a REIT that invests primarily in,
but is not limited to, residential mortgage-related securities
issued by the Federal National Mortgage Association (Fannie Mae),
the Federal Home Loan Mortgage Corporation (Freddie Mac) and the
Government National Mortgage Association (Ginnie Mae). It attempts
to earn returns on the spread between the yield on its assets and
its costs, including the interest expense on the funds it borrows.
Statements herein relating to matters that are not historical facts
are forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. The reader is cautioned that such
forward-looking statements are based on information available at
the time and on management's good faith belief with respect to
future events, and are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in such forward-looking statements. Important
factors that could cause such differences are described in Opteum
Inc.'s filings with the Securities and Exchange Commission,
including Opteum Inc.'s most recent Annual Report on Form 10-K or
Quarterly Report on Form 10-Q. Opteum Inc. assumes no obligation to
update forward-looking statements to reflect subsequent results,
changes in assumptions or changes in other factors affecting
forward-looking statements.
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