Luminent Mortgage Capital, Inc. Shares to Begin Trading Over-the-Counter Under Stock Symbol 'LUMC'
02 Maggio 2008 - 3:00PM
PR Newswire (US)
PHILADELPHIA, May 2 /PRNewswire-FirstCall/ -- Luminent Mortgage
Capital, Inc. (NYSE:LUM) today announced that its shares have been
de-listed from the NYSE and that beginning today, May 2, 2008, its
common stock will be traded over-the-counter under the symbol
"LUMC." The decision to de-list by NYSE Regulation, Inc. was
reached in view of the fact that the Company has fallen below the
NYSE's continued listing standard regarding average share price
over a consecutive 30 trading-day period of not less than $1.00. In
addition, the market capitalization of the Company's common stock
recently has also fallen below the NYSE's continued listing
standard regarding average global market capitalization over a
consecutive 30 trading day period of not less than $25 million,
which is the minimum threshold for listing. ADDITIONAL INFORMATION
Luminent LLC, an affiliate of the Company, has filed a Form S-4
registration statement with the SEC, which contains a preliminary
proxy statement/prospectus relating to the Company's 2008 annual
meeting of stockholders and other relevant documents in connection
with the proposed restructuring. The definitive proxy
statement/prospectus will be mailed to the stockholders of the
Company when it becomes available. STOCKHOLDERS OF THE COMPANY ARE
ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES
AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS
WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. The proxy
statement/prospectus and other relevant materials, when they become
available, may be obtained free of charge at the SEC's web site at
http://www.sec.gov/. In addition, investors and stockholders may
obtain free copies of the documents by contacting Karen Chang,
Luminent Mortgage Capital, Inc., One Commerce Square, 21st floor,
2005 Market Street, Philadelphia, PA 19103; telephone: (215)
564-5900. The Company and its directors, executive officers and
other members of its management and employees may be deemed to be
participants in the solicitation of proxies from its stockholders
in connection with the proposed merger. Information concerning such
participants' ownership of the Company's common stock will be set
forth in the proxy statement/prospectus when it becomes available.
This communication does not constitute an offer of any securities
for sale. Contact: Karen Chang Senior Vice President & Chief
Financial Officer Phone: (215) 564-5900 Email: DATASOURCE: Luminent
Mortgage Capital, Inc. CONTACT: Karen Chang, Senior Vice President
& Chief Financial Officer of Luminent Mortgage Capital, Inc.,
+1-215-564-5900, Web site: http://www.luminentcapital.com/
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