Article: Impac Mortgage Holdings, Inc. Announces Pricing of 3.75 Million Common Shares and 4.0 Million Preferred Shares.

Impac Mortgage Holdings, Inc. , or the "Company," a Maryland corporation taxed as a Real Estate Investment Trust ("REIT"), announced today that it priced an offering of 3,750,000 shares of its Common Stock at a public offering price of $23.00 per share. The aggregate net proceeds, before expenses, to the Company are estimated to be approximately $81.9 million.

IMH also priced 4,000,000 shares of its 9.125% Series C Cumulative Redeemable Preferred Stock at a public offering price of $25.00 per share. Investors will receive cumulative cash dividends on the Series C Preferred Stock from November 23, 2004 (the expected closing date), in the amount of $2.28125 per ...

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