Luminent Mortgage Capital, Inc. Schedules Conference Call to Provide an Update to Investors on Recent Developments in Luminent's
16 Novembre 2007 - 6:47PM
PR Newswire (US)
SAN FRANCISCO, Nov. 16 /PRNewswire-FirstCall/ -- Luminent Mortgage
Capital, Inc. (NYSE:LUM) today announced that S. Trezevant Moore,
Chief Executive Officer of the Luminent, will be conducting a
conference call on November 19, 2007 at 10:30 AM EST to update
investors on recent developments in Luminent's status on issues
caused by disruptions in the mortgage industry. The dial-in number
is 1-866-578-5801 and the passcode is 92515472. A replay of the
call will be available through November 30, 2007. The replay number
is 1-888-286-8010 and the passcode is 10503704. The international
dial-in number is 1-617-213-8058 and the passcode is 92515472. The
international replay number is 1-617-801-6888 and the passcode is
10503704. This news release and Luminent's filings with the
Securities and Exchange Commission contain forward-looking
statements that predict or describe future events or trends. The
matters described in these forward-looking statements are subject
to known and unknown risks, uncertainties and other unpredictable
factors, many of which are beyond Luminent's control and are based
on the information currently available to Luminent's management.
Luminent faces many risks that could cause its actual performance
to differ materially from the results expressed or implied by its
forward-looking statements, including, without limitation, the
possibilities that interest rates may change, that principal
payment rates may change, that mortgage-backed securities or
mortgage loans may not be available for purchase on favorable
terms, that borrowings to finance the purchase of assets may not be
available on favorable terms, that Luminent may not be able to
maintain its dividend or the yield on its common stock, that
Luminent may not be able to maintain its qualification as a REIT
for federal income tax purposes, that Luminent may experience the
risks associated with investing in real estate, including changes
in business conditions and the general economy, that Luminent's
recently adopted business strategy to purchase mortgage loans for
securitization may not be successful, and that Luminent's
strategies may not be effective (including portfolio management and
hedging strategies and strategy to protect net interest spreads).
Luminent's filings with the Securities and Exchange Commission
contain a more complete description of these and many other risks
to which Luminent is subject. Because of those risks, Luminent's
actual results, performance or financial condition may differ
materially from the results, performance or financial condition
contemplated by its forward-looking statements. The information set
forth in this news release represents management's current
expectations and intentions. Luminent assumes no responsibility to
update or revise any forward-looking statements, whether as a
result of new information, future developments or otherwise.
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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