American Home Mortgage Announces Registration Statement Related to the Acquisition of Apex Mortgage Capital Declared Effective
28 October 2003 - 6:45AM
PR Newswire (US)
American Home Mortgage Announces Registration Statement Related to
the Acquisition of Apex Mortgage Capital Declared Effective
MELVILLE, N.Y., Oct. 27 /PRNewswire-FirstCall/ -- American Home
Mortgage Holdings, Inc. , announced today the Company's
Registration Statement on Form S-4 related to the acquisition of
Apex Mortgage Capital has been declared effective by the Securities
and Exchange Commission on October 24, 2003. American Home and Apex
entered into a definitive merger agreement on July 14, 2003. The
joint Proxy Statement/Prospectus was mailed to stockholders on
October 24, 2003. As previously announced, American Home's special
meeting is scheduled for November 21, 2003 at 1:00 pm Eastern
Standard Time for stockholders of record on October 16, 2003. The
meeting will take place at American Home's headquarters at 520
Broadhollow Road, Melville, NY. The purpose of the meeting is to
vote on American Home's reorganization into a real estate
investment trust, the issuance of shares to Apex stockholders in
the merger and the adoption of Apex's stock option plan, as well as
other business properly brought before the meeting. Apex Mortgage
Capital's Board of Directors has separately scheduled its special
meeting of its shareholders on November 21, 2003 at 10:00 a.m.
Pacific Standard Time for shareholders of record on Friday, October
10, 2003. The meeting will take place at the Los Angeles Marriott
Downtown Hotel, 333 South Figueroa Street, Los Angeles, CA 90071.
The purpose of the meeting is to vote on the acquisition of Apex by
American Home Mortgage, Inc. American Home's third quarter 2003
financial results will be released before the market opens on
October 28, 2003. The Company will hold an investor conference call
to discuss earnings at 10:30 a.m., Eastern Time, on October 28,
2003. Interested parties may listen to the call by visiting the
American Home corporate website http://www.americanhm.com/
Shareholder Information section to listen to the conference call
webcast live. A replay of the call will be available after 1:00
p.m., Eastern Time, October 28, 2003, through midnight Eastern Time
on November 11, 2003. Please contact John Lovallo at Ogilvy Public
Relations Worldwide at 212-880-5216 or with any questions. ABOUT
AMERICAN HOME MORTGAGE American Home Mortgage Holdings, Inc. is an
originator and servicer of residential mortgage loans. It operates
211 loan production offices located in 37 states, 20 wholesale
production offices, MortgageSelect, a leading online mortgage
lender, three mortgage broker support centers and a loan servicing
center. For additional information, please visit the Company's Web
site at http://www.americanhm.com/. ABOUT APEX MORTGAGE CAPITAL
Apex Mortgage Capital, Inc. is a financial company structured as a
real estate investment trust. The Company primarily acquires United
States agency securities, other mortgage related securities, and
mortgage loans as well as equity and debt securities issued by
other mortgage REITs. The Company is listed on the American Stock
Exchange under the symbol "AXM." Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: This news release
contains statements about future events and expectations, which are
"forward-looking statements." Any statement in this release that is
not a statement of historical fact, including, but not limited, to
earnings guidance and forecasts, expected future dividends and
projections of financial results, may be deemed to be a
forward-looking statement. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may
cause the Company's actual results to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Specific factors that
might cause such a difference include, but are not limited to: the
potential fluctuations in the Company's operating results; the
Company's potential need for additional capital, the direction of
interest rates and their subsequent effect on the Company's
business, federal and state regulation of mortgage banking; the
Company's competition; the Company's ability to attract and retain
skilled personnel; and those risks and uncertainties discussed in
filings made by the Company with the Securities and Exchange
Commission. The Company undertakes no obligation to update forward-
looking statements, whether as a result of new information, future
events or otherwise. DATASOURCE: American Home Mortgage Holdings,
Inc. CONTACT: John D. Lovallo of Ogilvy Public Relations Worldwide,
+1-212-880-5216, , for American Home Mortgage Holdings, Inc.
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