JER Investors Trust Inc. Announces One Day Extension of Trading On NYSE To Facilitate Move To OTC Market
31 March 2009 - 12:02AM
PR Newswire (US)
MCLEAN, Va., March 30 /PRNewswire-FirstCall/ -- JER Investors Trust
Inc. (NYSE:JRT) (the "Company") today announced that, on March 27,
2009, the NYSE issued a press release stating that trading in the
common stock of the Company would be extended through the close on
Tuesday, March 31, 2009 and be suspended prior to the market
opening on Wednesday, April 1, 2009. The NYSE had previously
announced on March 25, 2009 that trading would be suspended prior
to the opening on Tuesday, March 31, 2009. The NYSE extension will
facilitate the Company's transition to the OTC Bulletin Board.
Effective April 1, 2009, the trading of the Company's common stock
will occur in the over-the-counter market. About the JER Investors
Trust Inc. JER Investors Trust Inc. is a specialty finance company
that invests in commercial real estate structured finance products.
The Company's target investments primarily include commercial
mortgage backed securities, whole commercial mortgage loans,
mezzanine loans and net leased real estate assets. The Company is
organized and conducts its operations so as to qualify as a REIT
for federal income tax purposes. For more information regarding the
Company, please visit http://www.jer.com/. Forward-Looking
Statements Certain items in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on 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. 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, changes in the real estate and
capital markets, our liquidity, our ability to source and fund new
investments, the effect of trading on an over-the-counter market
and other risks detailed from time to time in the Company's 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. CONTACT: J. Michael McGillis Chief Financial Officer JER
Investors Trust Inc. (703) 714-8000 DATASOURCE: JER Investors Trust
Inc. CONTACT: J. Michael McGillis, Chief Financial Officer of JER
Investors Trust Inc., +1-703-714-8000 Web Site: http://www.jer.com/
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