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Thornburg Mortgage Announces Extension of Company's Override Agreement with Selected Repurchase Agreement Counterparties

SANTA FE, NM (REIT Media) March 28, 2008 - Thornburg Mortgage, Inc. (NYSE:TMA) announced today that the company has received an extension through March 31, 2008, for the Override Agreement that the company had announced on March 19, 2008 whereby the company agreed to raise a minimum of net proceeds of $948 million in new capital as part of the 364-day agreement the company entered into with five of its remaining reverse repurchase agreement counterparties and their affiliates to provide approximately $5.8 billion of reverse repurchase agreement financing.

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Continue reading Comments (0) Mar.28.2008. 22:09

Gramercy Capital Corp. Announces Quarterly Dividend of $0.63 Per Common Share Payable April 15, 2008

NEW YORK, NY (REIT Media) March 18, 2008 - Gramercy Capital Corp. (NYSE: GKK) (the Company) announced today that its Board of Directors authorized, and the Company declared, its quarterly dividend of $0.63 per common share for the quarter ending March 31, 2008. The first quarter dividend is payable on April 15, 2008.

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Continue reading Comments (0) Mar.18.2008. 08:00

Origen Financial Announces Sale of Unsecuritized Loans; Going Concern Raised on Financial Audit

SOUTHFIELD, MI (REIT Media) March 17, 2008 - Origen Financial, Inc. (Nasdaq: ORGN), a real estate investment trust that is in the business of originating and servicing manufactured housing loans, today announced that as previously contemplated in its press release dated March 13, 2008 and discussed on its earnings call on March 14, 2008, it has completed the sale of its unsecuritized loans and used the proceeds to pay off its warehouse facility.

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Continue reading Comments (0) Mar.17.2008. 16:11

PMC Commercial Trust Announces Fourth Quarter and Year-End 2007 Results

DALLAS, TX (REIT Media) March 14, 2008 - PMC Commercial Trust (Amex: PCC) announced fourth quarter and year-end results today. Our net income for the fourth quarter of 2007 was $2,648,000, or $0.24 per share, compared to $3,017,000, or $0.28 per share, for the fourth quarter of 2006.

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Continue reading Comments (0) Mar.14.2008. 16:00

PMC Commercial Trust Announces Fourth Quarter Dividend of $0.20 Per Share Payable April 7, 2008

DALLAS, TX (REIT Media) March 14, 2008 - PMC Commercial Trust (Amex: PCC; "PMC Commercial" or the "Company"), a real estate investment trust, announced today that its Board of Trust Managers has declared a quarterly cash dividend of $0.20 per common share to be paid to shareholders of record on March 31, 2008. The Company will pay the dividend on April 7, 2008.

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Continue reading Comments (0) Mar.14.2008. 16:00

Newcastle Decreases Common Stock Dividend to Increase Retained Earnings and Declares its Preferred Stock Dividends

NEW YORK, NY (REIT Media) March 14, 2008 - Newcastle Investment Corp. (NYSE: NCT) announced today that its Board of Directors has declared a quarterly dividend of $0.25 per common share. The dividend is payable on April 30, 2008, to stockholders of record on April 7, 2008.

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Continue reading Comments (0) Mar.14.2008. 08:30

Resource Capital Corp. Announces Fourth Quarter and Year Ended 2007 Operating Results

NEW YORK, NY (REIT Media) March 13, 2008 - Resource Capital Corp. (NYSE:RSO) ("RCC" or the "Company"), a real estate investment trust whose investment strategy focuses on commercial real estate loan assets and, to a lesser extent, commercial finance assets, reported results for the fourth quarter and year ended December 31, 2007.

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Continue reading Comments (0) Mar.13.2008. 19:12