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Article: Capital Alliance Income Trust Ltd. Announces Continued Strong Earnings for the Fourth Quarter and Full Year 1998.
- Article from:
- Business Wire
- Article date:
- April 16, 1999
CopyrightCOPYRIGHT 1999 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)--April 16, 1999--
Capital Alliance Income Trust, Ltd. (AMEX:CAA), a home mortgage real estate investment trust, announced continued strong earnings of $259,447 for its 1998 fourth quarter and $1,003,706 for the 1998 full year.
The earnings represent increases of 96.9% and 87.3% over the $131,778 and $535,789 in earnings experienced for the same periods, respectively, in 1997.
Thomas B. Swartz, chairman and CEO, noted that, "Capital Alliance's strong earnings reflect not only the increased capitalization of the Company in the 1998 periods as a result of its 1997 IPO, but also the Company's ability to maintain ...