Apex Mortgage Capital Sets New Special Shareholders Meeting and Record Date.Business Editors LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 10, 2003 Apex Mortgage Capital, Inc. (Amex: AXM AXM Astonishing X-Men (comic) AXM Authorized Cross Memory ) (the "Company") today announced that the special shareholders meeting, originally scheduled for October 14, 2003, will now take place on Friday, November 21, 2003 at 10:00 a.m. Pacific Standard Time for shareholders of record on Friday, October 10, 2003. The meeting will take place at the Los Angeles Marriott Downtown Hotel, 333 South Figueroa Street Figueroa Street is a street in Los Angeles County, California. It runs in a north/south direction for a length of more than 30 miles (48 km) between the Los Angeles communities of Eagle Rock and Wilmington. , Los Angeles, CA 90071. The purpose of the meeting is to vote on the acquisition of Apex by American Home Mortgage, Inc. (Nasdaq: AHMH AHMH American Home Mortgage Holdings, Inc. ). American Home Mortgage's Board of Directors has separately rescheduled its special meeting of its shareholders on November 21, 2003 at 1:00 p.m. Eastern Standard Time at its headquarters in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. to vote on the company's reorganization into a real estate investment trust and its acquisition of Apex Mortgage Capital. About Apex Mortgage Capital Apex Mortgage Capital, Inc. is a financial company structured as a real estate investment trust. The Company primarily acquires United States agency securities, other mortgage related securities, and mortgage loans as well as equity and debt securities issued by other mortgage REITs. 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." About American Home Mortgage American Home Mortgage Holdings, Inc. is an originator and servicer of residential mortgage loans. It operates 211 loan production offices located in 37 states, MortgageSelect, a leading online mortgage lender, three mortgage broker support centers and a loan servicing center. For additional information, please visit the Company's Web site at www.americanhm.com. "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 about the consummation of the merger constitute forward-looking statements 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, interest rate volatility, the consummation of the merger with American Home Mortgage, American Home Mortgage's dividend policy, the decline in book value, 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. |
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