Accredited Mortgage Loan REIT Trust Receives NYSE Notice
20 Abril 2007 - 8:29PM
Business Wire
Accredited Mortgage Loan REIT Trust (NYSE: AHH.PrA) (�REIT�), an
indirect subsidiary of Accredited Home Lenders Holding Co.,
announced that it was notified by the regulatory arm of the New
York Stock Exchange (�NYSE Regulation�) on April 18, 2007 that the
NYSE Regulation staff will monitor the status of REIT�s annual
report on Form 10-K and related public disclosures for a six-month
period beginning April 17, 2007. The notice was generated as the
result of REIT�s failure to file its annual report for the year
ended December 31, 2006 with the Securities and Exchange Commission
(�SEC�) on a timely basis. Shares of the REIT�s 9.75% Series A
Perpetual Cumulative Preferred Shares (�Preferred Shares�) are
traded on the NYSE. The NYSE action is being taken in accordance
with Rule 802.01E of NYSE�s Listed Company Manual. If REIT fails to
file its annual report within six months from its filing due date
of March 16, 2007, REIT intends to submit an official request to
the NYSE to allow the Preferred Shares to trade for up to an
additional six months, as prescribed by the NYSE Regulation�s
notice to REIT. In the meantime, REIT is working with Squar,
Milner, Patterson, Miranda and Williamson, LLP, its new independent
public accountant, to complete the audit in order to file REIT�s
annual report with the SEC as soon as possible. About Accredited
Mortgage Loan REIT Trust Accredited Mortgage Loan REIT Trust, a
subsidiary of Accredited Home Lenders Holding Co., is a Maryland
real estate investment trust that was formed in May 2004 for the
purpose of acquiring, holding and managing real estate assets.
Forward Looking Statements This release contains forward-looking
statements within the meaning of the Securities Act of 1933 and the
Securities Exchange Act of 1934 relating to the possible delisting
of the Preferred Shares from the NYSE, REIT�s intention to possibly
submit an official request to the NYSE for an extension of the
delisting period and regarding the status of the REIT�s annual
reports on Form 10-K. These forward-looking statements involve a
number of risks and uncertainties, including the ability of REIT to
successfully maintain the listing of the Preferred Shares on the
NYSE, the ability of REIT to file its Annual Report on Form 10-K
with the Securities and Exchange Commission (�SEC�), and other risk
factors as outlined in REIT�s annual report on Form 10-K for the
period ended December 31, 2005, its reports on Form 10-Q for the
first, second and third quarters of 2006, and other documents filed
with the SEC. These and other factors could cause actual results to
differ materially from those projected or contemplated in the
forward-looking statements contained in this release.
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