HomeBanc Corp. Announces Quarterly Dividends and Provides Second Quarter 2006 Operating Statistics
18 July 2006 - 6:47AM
PR Newswire (US)
ATLANTA, July 17 /PRNewswire-FirstCall/ -- HomeBanc Corp.
(NYSE:HMB) ("HomeBanc" or the "Company"), a real estate investment
trust ("REIT"), announced today that its board of directors has
declared a quarterly cash dividend of $0.26 per share on the
Company's common stock. The dividend will be paid on August 14,
2006 to shareholders of record on July 31, 2006. Today's dividend
announcement is not expected to be a return of capital for tax
purposes. HomeBanc also announced the regular quarterly dividend on
its 10% Series A Cumulative Redeemable Preferred Stock of $0.625
per share for the quarter ending September 30, 2006. The dividend
is payable on October 2, 2006 to Series A preferred shareholders of
record as of September 15, 2006. Additionally, the Company is
providing the following operating statistics for the periods
indicated: % % ($s in billions) Q2 2006 Q1 2006 Change Q2 2005
Change Total Loan Originations $1.4 $1.2 17% $1.8 (22)% Loan
Applications $1.6 $1.6 0% $2.3 (30)% REIT Investment Portfolio $6.1
$5.9 3% $4.4 39% The Company will be releasing second quarter 2006
earnings on August 7, 2006 and hosting a conference call on August
8, 2006. The conference call will be held at 10:30 a.m., Eastern
time. The conference call dial-in number is 800-949-8987 in the
United States and Canada and 706-634-0965 from international
locations. The conference ID number is 2786112. You may also listen
to the call under the investor relations section of the HomeBanc
website at http://www.homebanc.com/. PowerPoint slides to accompany
the conference call will be available on the Company's website
under Investor Relations - Financial/Statistical Information and
also on the Company's website under Investor Relations - Webcast
Live link. The Internet broadcast will be archived until August 22,
2006. A digital recording of the conference call will be available
for replay two hours after the call's completion and will be
available through August 15, 2006. To access this recording, dial
800-642-1687 or 706-645-9291 and conference ID 2786112. The Company
offers its shareholders the opportunity to participate in the
HomeBanc Corp. Dividend Reinvestment and Stock Purchase Plan. To
obtain information about the plan, including account opening
materials, please contact Computershare Trust Company at
800-697-8199. HomeBanc Corp. is the parent company of HomeBanc
Mortgage Corporation, a mortgage banking company that focuses on
originating purchase money residential mortgage loans in the
southeast United States. HomeBanc Corp. has made an election to be
taxed as a REIT for federal income tax purposes. For more
information about HomeBanc Corp., HomeBanc Mortgage Corporation or
the Company's mortgage products, contact HomeBanc at
http://www.homebanc.com/. This press release may include
forward-looking statements within the meaning and subject to the
protection of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward- looking
statements are based on information presently available to the
Company's management and are subject to various risks and
uncertainties, including, without limitation, risks of changes in
interest rates on our mortgage loan production and our interest
sensitive assets and liabilities; the effects of changes in
interest rates on the credit risks of customers and on the mix and
types of loans sought by its customers; loan loss experience and
the rate of loan charge-offs; risks inherent in originating
mortgage loans; loss experience arising from alleged breaches of
representations and warranties provided to buyers of our mortgage
loans that are sold to third parties; risks related to our
execution of our business strategy and our ability to meet the
requirements for operation as a REIT; the failure of assumptions
underlying the establishment of reserves for possible loan and
contingency losses and other estimates; the risk that loan
applications may not be indicative of loan origination volume
realized in the future due to fallout from applicants not
completing the application process or not closing a loan; risks in
our ability to retain experienced loan officers; the uncertainties
and costs of litigation, and the other risks described in the
Company's SEC reports and filings under "Special Cautionary Notice
Regarding Forward Looking Statements" and "Risk Factors." You
should not place undue reliance on forward-looking statements,
since the statements speak only as of the date that they are made.
The Company has no obligation and does not undertake to publicly
update, revise or correct any of the forward-looking statements
after the date of this press release, or after the respective dates
on which such statements otherwise are made, whether as a result of
new information, future events or otherwise. DATASOURCE: HomeBanc
Corp. CONTACT: INVESTOR CONTACT: Carol Knies, +1-404-459-7653, , or
MEDIA CONTACT: Mark Scott, +1-404-459-7452, , both of HomeBanc
Corp. Web site: http://www.homebanc.com/
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