MortgageIT Holdings, Inc. Declares Third Quarter 2005 Common Stock Dividend of $0.48 Per Share
22 September 2005 - 5:16AM
PR Newswire (US)
NEW YORK, Sept. 21 /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 $0.48 per common share for the third quarter of
2005. The dividend is payable on October 14, 2005, to stockholders
of record as of September 30, 2005. The ex- dividend date is
September 29, 2005; therefore, new stockholders interested in
receiving the third quarter dividend must purchase the Company's
common stock on or before September 28, 2005. The Company expects
that dividend payments for the full year of 2005 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,
including statements relating to our ability to fund a fully-
leveraged, self-originated loan portfolio, our anticipated loan
funding volume and our ability to pay dividends. 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. MortgageIT Holdings can give no
assurance that its expectations will be attained. Factors that
could cause actual results to differ materially from MortgageIT
Holdings' 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 MortgageIT
Holdings' Annual Report on Form 10-K that was filed with the
Securities and Exchange Commission (SEC) on March 31, 2005 and from
time to time in MortgageIT Holdings' other SEC reports. Such
forward-looking statements speak only as of the date of this press
release. MortgageIT Holdings 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,
+1-646-346-8700, Media: Ted J. Stacer, +1-212-651-7653, both of
MortgageIT Holdings, Inc.; or Joe LoBello, +1-212- 986-6667, of
Brainerd Communicators, Inc. for MortgageIT Holdings, Inc. Web
site: http://www.mortgageitholdings.com/
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