American Residential Investment Trust, Inc. Holds Annual Meeting.Business Editors SAN DIEGO--(BUSINESS WIRE)--July 19, 2002 American Residential Investment Trust, Inc. (NYSE NYSE See: New York Stock Exchange : INV INV abbr. in vitro fertilization ) held its annual meeting of stockholders today. In order to allow stockholders additional time to cast votes on the proposals to terminate American Residential's status as a REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , the meeting was adjourned with respect to the consideration of these proposals. Although American Residential understands that over eighty-five percent of the shares voted at the meeting voted in favor of the de-REIT proposals, approval of one of these proposals requires the affirmative vote of two-thirds of American Residential's outstanding shares and the vote cast at the meeting was just shy of this level. The meeting will reconvene reconvene Verb to gather together again after an interval: we reconvene tomorrow Verb 1. reconvene - meet again; "The bill will be considered when the Legislature reconvenes next Fall" with respect to these proposals at American Residential's offices, located at 10421 Wateridge Circle, Suite 250, San Diego California, on August 2, 2002 at 10:00 a.m. Pacific Daylight Time. A preliminary tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. indicates that stockholders voted to elect Keith Johnson and Richard T. Pratt to serve as Class II directors, approved an amendment to the 1997 Stock Option Plan, approved an amendment to the 1997 Outside Directors Stock Option Plan and voted against two stockholder proposals. The final results of the vote on all proposals will be announced when they have been certified by the independent inspector of election. About American Mortgage Network Headquartered in 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. , American Mortgage Network is a taxable REIT subsidiary of American Investment Trust, Inc., a real estate investment trust (REIT). AmNet originates loans for the national mortgage broker community through its network of regional centers and over the Internet. AmNet has regional centers in Ontario, California; Sacramento, California; San Diego, California; New Haven, Connecticut; Atlanta, Georgia; and Portland, Oregon as well as satellite offices in Mission Viejo, California “Mission Viejo” redirects here. For other uses, see Mission Viejo (disambiguation). Mission Viejo (anglicized pronunciation IPA: /ˈmɪʃənviːˈeɪhoʊ/ ; Tampa, Florida; and Kirkland, Washington. For more information, please visit www.amnetmortgage.com. About American Residential Investment Trust American Residential Investment Trust, Inc. is a real estate investment trust (REIT) that has traditionally invested in subprime residential mortgage assets. For more information, please visit www.amerreit.com. |
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