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Luminent Mortgage Capital, Inc. Schedules Annual Meeting

    SAN FRANCISCO, March 16 /PRNewswire-FirstCall/ -- Luminent Mortgage
Capital, Inc. (NYSE: LUM) today announced that its 2006 Annual Meeting of
Stockholders will be held at 10:00 a.m. PDT on Wednesday, May 24, 2006 at
Luminent's main offices, located at One Market, Spear Tower, 30th Floor, San
Francisco, California 94105.  Stockholders of record at the close of business
on March 28, 2006 will be the stockholders entitled to notice of and to vote
at the Annual Meeting.
    Luminent was formed in April 2003, completed its initial public offering
in December 2003 and trades on the New York Stock Exchange under the ticker
"LUM."  Luminent is organized and conducts its operations so as to qualify as
a real estate investment trust for federal income tax purposes.  Luminent's
principal activity is to invest in mortgage-backed securities and loans,
thereby providing capital to the single family residential housing market.
Luminent's website can be found at http://www.luminentcapital.com.

     Contact:
     Christopher J. Zyda
     Senior Vice President &
     Chief Financial Officer
     Phone:  (415) 978-3000
     Email:  ir@luminentcapital.com


SOURCE Luminent Mortgage Capital, Inc.




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Related links:
  • http://www.luminentcapital.com
    CONTACT:
    Christopher J. Zyda, Senior Vice President &
    Chief Financial Officer of Luminent Mortgage Capital, Inc.,
    +1-415-978-3000, or ir@luminentcapital.com