Impac Mortgage Holdings, Inc. Provides Update of Previously Reported Reverse Stock Split

IRVINE, Calif., Jan. 9  /PRNewswire-FirstCall/ -- Impac Mortgage Holdings, Inc. (Pink Sheets: IMPH), or the "Company," a Maryland corporation, being taxed as a real estate investment trust ("REIT"), announces that its previously reported 1-for-10 reverse stock split will begin to  trade on a split-adjusted basis at the open of business on January 12, 2009.  At that time the security will be traded-over-the-counter under the new ticker symbol "IMPM" and the new CUSIP number 45254P 508.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20070305/LAM033LOGO)

  About the Company


Impac Mortgage Holdings, Inc. is a mortgage REIT, which through its Long Term Investment Operations is primarily invested in non-conforming Alt A mortgage loans (Alt-A) and to a lesser extent small balance commercial and multi-family loans.  The Company is organized as a REIT for tax purposes, which generally allows it to pass through earnings to stockholders without federal income tax at the corporate level.

For additional information, questions or comments, please call Justin Moisio in Investor Relations at [phone] or email .     Web site:  http://www.impaccompanies.com/ 

http://www.newscom.com/cgi-bin/prnh/20070305/LAM033LOGO

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DATASOURCE: Impac Mortgage Holdings, Inc.



CONTACT:  Justin Moisio of Impac Mortgage Holdings, Inc.,

[phone], 



Web Site:  http://www.impaccompanies.com/ 

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