Accredited Home Lenders Holding Co. and Accredited Mortgage Loan REIT Trust Announce Filing of Shelf Registration Statement.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. Home Lenders Holding Co. (Nasdaq:LEND) and its indirect wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Accredited Mortgage Loan REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). Trust, today announced that they have filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The shelf registration statement, when declared effective by the SEC, will allow Accredited Mortgage Loan REIT Trust to raise up to $100,000,000 through the sale of preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. , in one or more offerings in the future. It is contemplated that payments with respect to the preferred shares will be guaranteed, on a subordinated basis, by Accredited Home Lenders Holding Co. The preferred shares will not be convertible into, or exchangeable for, common shares of Accredited Home Lenders Holding Co. Specific terms and prices will be determined at the time of any offering and included in a prospectus supplement to be filed with the SEC relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc that offering. A registration statement relating to the preferred shares has been filed with the SEC, but has not yet become effective. These securities may not be sold, nor may offers to buy such securities be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offering of these securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering. A prospectus and accompanying prospectus supplement relating to any offering of preferred shares may be obtained, when available, from Accredited Mortgage Loan REIT Trust and Accredited Home Lenders Holding Co. at 15090 Avenue of Science, San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. 92128, Attention: Mitzi Gimenez, or by calling 858-676-2155. About Accredited Accredited Home Lenders Holding Co. is a nationwide mortgage lender that originates, finances, securitizes, services and sells non-prime mortgage loans secured by residential real estate. The company is headquartered in San Diego. Additional information may be found at www.accredhome.com. About Accredited Mortgage Loan REIT Trust Accredited REIT is a Maryland real estate investment trust that was formed in May, 2004, and was created for the purpose of acquiring, holding and managing real estate assets that will generate net income for distribution to its shareholders. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain of the information discussed herein constitutes forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the financing plans of Accredited Home Lenders Holding Co. and Accredited Mortgage Loan REIT Trust, their prospects and future results, planned revenue generating strategy, expected net earnings, origination volume, whole loan premiums, and hedging strategy and results. Such statements are based on current expectations, and the actual results and the timing of certain events could differ materially from those projected in or contemplated by these forward-looking statements due to a number of factors, including but not limited to financial market conditions, interest rate volatility and the level of interest rates generally; general political and economic conditions; the sustainability of loan origination volumes; the availability of financing for the origination of mortgage loans; the ability to sell or securitize Securitize The practice of a company selling accounts receivables or other debts owed to it. The third party that buys the debt assumes ownership of it and the responsibility for collecting the debts, and keeps the repayments when made. mortgage loans; and other risk factors outlined in Accredited Home Lenders Holding Co.'s filings with the SEC, including those listed in its report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the SEC on March 26, 2004, its report on Form 10-Q Form 10-Q See 10-Q. filed with the SEC on May 17, 2004, and other SEC filings. |
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