MortgageIT Holdings, Inc. Declares First Quarter 2006 Common Stock Dividend of $0.25 Per Share
17 Marzo 2006 - 1:13PM
PR Newswire (US)
NEW YORK, March 17 /PRNewswire-FirstCall/ -- MortgageIT Holdings,
Inc. (NYSE:MHL), a residential mortgage real estate investment
trust (REIT), today announced that its Board of Directors declared
a cash dividend of $0.25 per common share for the first quarter of
2006. The dividend is payable on April 20, 2006, to stockholders of
record as of March 31, 2006. The ex-dividend date is March 29,
2006; therefore, new stockholders interested in receiving the first
quarter dividend must purchase the Company's common stock on or
before March 28, 2006. The Company expects that the dividend
payment for the period from January 1, 2006 through March 31, 2006
will be comprised of taxable income and will not include a return
of capital. About MortgageIT Holdings, Inc. MortgageIT Holdings,
Inc. (NYSE:MHL) is a self-administered mortgage real estate
investment trust ("REIT") focused on the residential lending
market. The Company self-originates its investment portfolio of
high quality adjustable rate mortgage ("ARM") loans through
MortgageIT, Inc., its wholly owned residential mortgage banking
subsidiary. MortgageIT, Inc. is a full-service residential mortgage
banking company that is licensed to originate loans throughout the
United States. MortgageIT Holdings is organized and conducts its
operations to qualify as a REIT for federal income tax purposes.
MortgageIT is organized and operates as MortgageIT Holdings'
taxable REIT subsidiary. For more information, please visit
http://www.mortgageitholdings.com/. Certain items in this press
release may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are statements that relate to future,
not past, events. In this context, forward-looking statements often
address the Company's expected future business and financial
performance, and often contain words such as "expects,"
"anticipates," "intends," "plans," "believes," "will" or other
similar words or expressions. Forward-looking statements, by their
nature, address matters that are, to different degrees, uncertain
and include, among other things, statements relating to the
Company's ability to fund a fully-leveraged, self-originated loan
portfolio, its anticipated loan funding volume and the Company's
ability to pay dividends. These statements are based on the current
economic environment and management's current expectations and
beliefs, and are subject to a number of trends and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. Forward-looking
statements are inherently subject to significant economic,
competitive, and other contingencies that are beyond the control of
management. The Company can give no assurance that its expectations
will be attained. Factors that could cause actual results to differ
materially from the Company's expectations include, but are not
limited to, MortgageIT's continued ability to originate new loans,
including loans that we deem suitable for our securitization
portfolio; changes in the capital markets, including changes in
interest rates and/or credit spreads; and other risks detailed in
the Company's Annual Report on Form 10-K that was filed with the
Securities and Exchange Commission ("SEC") on March 15, 2006 and
from time to time in the Company's other SEC reports. Such
forward-looking statements speak only as of the date of this press
release. The Company expressly disclaims any obligation to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's
expectations with regard thereto or change in events, conditions or
circumstances on which any statement is based. DATASOURCE:
MortgageIT Holdings, Inc. CONTACT: Investors - Sean McGrath of
MortgageIT Holdings, Inc., +1-646-346-8700; or Media - Joe LoBello
of Brainerd Communicators, Inc., +1-212-986-6667, for MortgageIT
Holdings, Inc. Web site: http://www.mortgageitholdings.com/
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