Apex Mortgage Capital Announces Second Quarter Dividend.Business Editors LOS ANGELES--(BUSINESS WIRE)--June 19, 2003 Apex Mortgage Capital, Inc. (Amex: AXM AXM Astonishing X-Men (comic) AXM Authorized Cross Memory ) today announced that its board of directors declared a second quarter 2003 dividend distribution of $0.17 per share. The dividend is payable on July 31, 2003 to shareholders of record on June 30, 2003. The second quarter dividend is in line with the guidance provided by the Company on May 7, 2003. About Apex Mortgage Capital, Inc. Apex Mortgage Capital, Inc. is a financial company structured as a real estate investment trust. The Company primarily acquires United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. agency securities, other mortgage securities, mortgage loans, equity securities and other investments. The Company is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol "AXM." "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 under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements above regarding the Company's expectations for dividend declarations for the second quarter 2003 constitute 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. within the meaning of the federal securities laws. The Company does not intend to, and disclaims any obligation to, issue updates, even if its outlook changes for these forward-looking matters. In addition, the Company's actual results and the timings of future events could differ materially from those projected in or contemplated by the Company's forward looking statements due to a number of factors, including changes in general economic conditions, overall interest rate movement, the shape of the yield curve, the availability of suitable mortgage assets, the availability of debt capital, mortgage prepayment rates, the impact of leverage, the effectiveness of the Company's hedging, the Company's taxable income Under the federal tax law, gross income reduced by adjustments and allowable deductions. It is the income against which tax rates are applied to compute an individual or entity's tax liability. The essence of taxable income is the accrual of some gain, profit, or benefit to a taxpayer. and other risk factors set forth in the Company's SEC reports and the consequences of the Company's review of strategic initiatives. The Company's investment strategy is subject to change as a result of the foregoing factors or otherwise, which might further affect operating results. The Company's quarterly dividend declarations are based on a number of factors and are not necessarily indicative of quarterly earnings per share, which might be higher or lower than the dividend per share. |
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