American Home Mortgage Investment Corp. Announces Common Stock Offering
30 April 2007 - 10:45PM
Business Wire
American Home Mortgage Investment Corp. (NYSE: AHM) announced today
a public offering comprised of 4,000,000 shares of its common
stock. The Company has also granted the underwriters an option to
purchase up to an additional 600,000 shares within 30 days, to
cover over-allotments, if any. The sole book runner for this
offering is Citi. The Company intends to use the net proceeds from
this offering for general corporate purposes. Copies of the final
prospectus supplement, when available, may be obtained from the
offices of Citi, at Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, NY 11220 (tel: 718-765-6732; fax: 718-765-6734).
The shares will be issued pursuant to an effective shelf
registration statement that was previously filed with the
Securities and Exchange Commission. This news release shall not
constitute an offer to sell or the solicitation of any 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. 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. 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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