MortgageIT Holdings, Inc. Declares Second Quarter 2006 Common Stock Dividend of $0.30 Per Share
14 Juni 2006 - 5:00PM
PR Newswire (US)
NEW YORK, June 14 /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 $0.30 per common share for the second quarter of
2006. The dividend is payable on July 14, 2006, to stockholders of
record as of June 30, 2006. The ex-dividend date is June 28, 2006;
therefore, new stockholders interested in receiving the second
quarter dividend must purchase the Company's common stock on or
before June 27, 2006. The Company expects that the dividend
payments for the period from January 1, 2006 through June 30, 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, the Company's mortgage banking subsidiary's continued
ability to originate new loans, including loans that the Company
deems suitable for its 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 filings. 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 Web site: http://www.mortgageitholdings.com/
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