Impac Mortgage Holdings, Inc. Announces Change in NYSE Amex Symbol to IMH

Impac Mortgage Holdings, Inc. (NYSE Amex: IMPM), a Maryland corporation, or the “Company,” announced that it has changed the ticker symbol of its shares on the NYSE Amex from “IMPM” to “IMH,” effective at the start of trading on Thursday, May 13, 2010.

Mr. Joseph R. Tomkinson, Chairman and Chief Executive Officer of Impac Mortgage Holdings, Inc., commented that, “The Company is very pleased to have reacquired the ticker symbol ‘IMH.’ By once again trading under the symbol synonymous with Impac, it is yet another example of the Company’s reemergence in the industry and a testament to our survival through such unprecedented market turmoil.”

About the Company

The Company’s operations include the management of the long-term mortgage portfolio to mitigate losses and maximize cash flows and the mortgage and real estate related fee-based businesses, including loan modifications, real estate disposition, monitoring and surveillance services and real estate brokerage and lending services.

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