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Article: Capital Alliance Income Trust Addresses Recent Organizational Changes and 2007's Operational Challenges.
- Article from:
- Business Wire
- Article date:
- February 3, 2007
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SAN FRANCISCO -- This afternoon, Capital Alliance Income Trust Ltd. ("CAIT") (AMEX:CAA) a mortgage REIT, released a shareholder letter to address recent organizational changes and operational challenges that the company faces to restore profitability in 2007. A transcript of the shareholder letter, dated February 2, 2007 follows:
Dear shareholders,
As Capital Alliance Income Trust's newly appointed President and Chief Executive Officer, I am committed to improving financial performance and investor communications. As a fellow shareholder, I am keenly aware that CAIT needs to improve.
Financial performance should be measured in quarterly ...