Annaly Mortgage Management, Inc. Increases 2nd Quarter Dividend By 8% Over Previous Quarter And 70% Over 2nd Quarter 2001.Business Editors NEW YORK--(BUSINESS WIRE)--June 20, 2002 The Board of Directors of Annaly Mortgage Management, Inc. (NYSE NYSE See: New York Stock Exchange : NLY) declared the second quarter 2002 cash dividend of $0.68 per share. This dividend declaration represents an 8% increase over the previous quarter's dividend of $0.63 per share and a 70% increase over the second quarter 2001 dividend of $0.40 per share. This dividend is payable July 31, 2002 to common shareholders of record on July 3, 2002. Dividends may be reinvested through Annaly's Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. . Plan information may be obtained from the Plan Administrator, ChaseMellon Shareholder Services at 1-800-842-7629, at www.annaly.com, or by contacting the Company. The Company's office is relocating to 1211 Avenue of the Americas, Suite 2902, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10036 on Monday June 24, 2002. Annaly Mortgage Management, Inc., a Maryland corporation, owns and manages a portfolio of mortgage-backed securities Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. . The Company's principal business objective is to generate net income for distribution to stockholders from the spread between the interest income on its assets and the costs of borrowing to finance its acquisition of these assets. The Company has elected to be taxed as a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ). This news release and our public documents to which we refer, contain or incorporate by reference certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . When used, statements which are not historical in nature, including the words "anticipate," "estimate," "should," "expect," "believe," "intend," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties, including, among other things: business conditions and the general economy, especially as they affect interest rates; the federal, state, and local regulatory environment; an increase in the prepayment Prepayment 1. The payment of a debt obligation prior to its due date. 2. The excess payment over a scheduled debt repayment amount. Notes: 1. Examples include deferred expenses such as rent and early loan repayments. 2. rate on the loans that back our mortgage-backed securities; the inability to borrow at favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. rates; and the inability to maintain our REIT qualification. Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected are detailed from time to time in reports filed by us with the Securities and Exchange Commission, including Forms 10-Q and 10-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion