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Article: Capital Alliance Income Trust Ltd. Announces Trading On the American Exchange, Strong Second Quarter Results, and Declaration of Third Quarter Dividend.
- Article from:
- Business Wire
- Article date:
- October 2, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO--(BUSINESS WIRE)--Oct. 2, 1998--Capital Alliance Income Trust Ltd., a home mortgage real estate investment trust (AMEX:CAA), announced that it completed its initial "best efforts" public offering of common shares on September 30, 1998 and that the common shares commenced trading on the American Stock Exchange on October 1, 1998.
Capital Alliance, which has paid dividends on its common shares during its public offering at $.17 per share for the first and second quarters of 1998 (prorated for the period of investment during such quarters), also announced that it had declared a dividend of $226,036 ($.17 per share) for the third quarter. The third ...