Luminent Mortgage Capital, Inc. Files 2007 Second Quarter Form 10-Q
26 Settembre 2007 - 2:00PM
PR Newswire (US)
SAN FRANCISCO, Sept. 26 /PRNewswire-FirstCall/ -- Luminent Mortgage
Capital, Inc. (NYSE:LUM) filed its 2007 second quarter 10-Q
Wednesday, September 26, 2007. This filing can be found on
Luminent's website at: http://www.luminentcapital.com/. Luminent
was formed in April 2003, and its common stock trades on the New
York Stock Exchange under the ticker "LUM." This news release and
Luminent's filings with the Securities and Exchange Commission
contain forward-looking statements under the Private Securities
Litigation Reform Act of 1995. Forward-looking statements convey
Luminent's current expectations or forecasts of future events. All
statements contained in this press release other than statements of
historical fact are forward-looking statements. Forward-looking
statements include statements regarding our financial position,
business strategy, budgets, projected costs, plans and objectives
of management for future operations. The words "may continue,"
"estimate," "intend," "project," "believe," "expect," "plan,"
"anticipate" and similar terms may identify forward-looking
statements, but the absence of such words does not necessarily mean
that a statement is not forward-looking. These forward-looking
statements include, among other things, statements about: the
effect of the flattening of, or other changes in, the yield curve
on our investment strategies; changes in interest rates and
mortgage prepayment rates; Luminent's ability to obtain or renew
sufficient funding to maintain its leverage strategies; continued
creditworthiness of the holders of mortgages underlying Luminent's
mortgage-related assets; the possible effect of negative
amortization of mortgages on Luminent's financial condition and
REIT qualification; the possible impact of Luminent's failure to
maintain exemptions under the 1940 Act; potential impacts of
Luminent's leveraging policies on its net income and cash available
for distribution; the power of Luminent's Board of Directors to
change its operating policies and strategies without stockholder
approval; effects of interest rate caps on Luminent's
adjustable-rate and hybrid adjustable-rate loans and mortgage
backed securities; the degree to which Luminent's hedging
strategies may or may not protect it from interest rate volatility;
Luminent's ability to invest up to 10% of its investment portfolio
in residuals, leveraged mortgage derivative securities and shares
of other REITs as well as other investments; volatility in the
timing and amount of Luminent's cash distributions; Luminent's
ability to purchase sufficient mortgages for its securitization
business; and the other factors described in Luminent's Form 10-K,
Form 10-Q and Form 8-K reports, including those under the captions
"Management's Discussion and Analysis of Financial Condition and
Results of Operations," "Risk Factors" and "Quantitative and
Qualitative Disclosures about Market Risk." Luminent cautions you
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All
subsequent written and oral forward-looking statements attributable
to Luminent or any person acting on its behalf are expressly
qualified in their entirety by the cautionary statements contained
or referred to in this press release. Except to the extent required
by applicable law or regulation, Luminent undertakes no obligation
to update these forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect
the occurrence of unanticipated events. Contact: Christopher J.
Zyda Senior Vice President & Chief Financial Officer Phone:
(415) 217-4500 Email: DATASOURCE: Luminent Mortgage Capital, Inc.
CONTACT: Christopher J. Zyda, Senior Vice President & Chief
Financial Officer of Luminent Mortgage Capital, Inc.,
+1-415-217-4500, Web site: http://www.luminentcapital.com/
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