Mortgagit (NYSE:MHL)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Mortgagit Charts. Click Here for more Mortgagit Charts.](/p.php?pid=staticchart&s=NY%5EMHL&p=8&t=15)
MortgageIT Holdings, Inc. Declares Second Quarter 2005 Common
Stock Dividend of $0.48 Per Share
NEW YORK, June 16 /PRNewswire-FirstCall/ -- MortgageIT Holdings, Inc.
(NYSE:MHL), a residential mortgage company organized as a real estate
investment trust (REIT), today announced that its Board of Directors has
declared a cash dividend of $0.48 per common share for the second quarter of
2005. The dividend is payable on July 15, 2005, to shareholders of record as
of June 30, 2005. The ex-dividend date is June 28, 2005; therefore, new
shareholders interested in receiving the second quarter dividend must purchase
common stock on or before June 27, 2005.
The dividend represents the distribution of more than 90% of the estimated
taxable earnings for the period from April 1, 2005 through June 30, 2005,
exclusive of any net income earned by its taxable REIT subsidiary, MortgageIT,
Inc., during the period, and therefore is not expected to be 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 lending subsidiary. MortgageIT, Inc. is a full- service
residential mortgage lending 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 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 of MortgageIT Holdings, Inc.,
+1-646-346-8700; or Media - Ted J. Stacer of MortgageIT Holdings, Inc.,
+1-212-651-7653, or Joe LoBello of Brainerd Communicators, Inc.,
+1-212-986-6667, for MortgageIT Holdings, Inc.
Web site: http://www.mortgageitholdings.com/