Capital Alliance Income Trust Ltd. Announces Fourth Quarter Dividend At $1.80 Annual Rate.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 11, 2002 Capital Alliance Income Trust Ltd. ("CAIT CAIT Center for the Application of Information Technologies (established at Western Illinois University) CAIT CDMA Air Interface Tester CAIT Computer-Aided Inspection and Test CAIT Computer-Aided Instructional Trainers ") (AMEX AMEX See: American Stock Exchange :CAA Caa See CCC. ) announced that its Board has declared a fourth quarter dividend of $.45 per Common Share. This is CAIT's second consecutive quarterly dividend at an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. rate of $1.80. Based on the current common stock price of $18.11 per share, the annualized dividend yield is 9.94%. CAIT's total dividends of $1.60 for 2002 represent a 52.4% increase over its total dividends paid in 2001. The fourth quarter dividend is payable on Nov. 15, 2002 to shareholders of record on Nov. 8, 2002. CAIT is a specialty residential lender which originates and invests in conforming and high-yielding, non-conforming residential mortgage loans on one-to-four unit residential properties located primarily in California and other western states. It also originates loans for sale to investors, on a whole-loan basis for cash through its mortgage banking subsidiary, Capital Alliance Funding Corp. This document contains "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 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) that inherently involve risks and uncertainties. CAIT's actual results and liquidity can differ materially from those anticipated in these forward-looking statements because of changes in the level and composition of CAIT's investments and unforeseen factors. As discussed in CAIT's filings with the Securities and Exchange Commission, these factors may include, but are not limited to, changes in general economic conditions, the availability of suitable investments, fluctuations in and market expectations for fluctuations in interest rates and levels of mortgage prepayments, deterioration in credit quality and ratings, the effectiveness of risk management strategies, the impact of leverage, the liquidity of secondary markets and credit markets, increases in costs and other general competitive factors. |
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