CALABASAS, Calif., Dec. 19 /PRNewswire-FirstCall/ -- Countrywide
Financial Corporation (NYSE: CFC) today announced plans to withdraw the
listing of its common stock from NYSE Arca, Inc., formerly the Pacific
Exchange. Countrywide Financial Corporation's common stock will continue to
be listed on the New York Stock Exchange.
Countrywide Financial Corporation has decided to withdraw its listing
from NYSE Arca, Inc. to eliminate duplicative administrative requirements
inherent with dual listings as a result of the NYSE Group's recent merger
with Archipelago Holdings, the parent company of NYSE Arca, Inc. The
withdrawal is expected to be effective by year-end 2006.
Countrywide Financial Corporation does not believe that withdrawing its
listing from NYSE Arca, Inc. will have any impact on the liquidity of its
stock. NYSE Arca, Inc. will continue to trade Countrywide Financial
Corporation stock on an unlisted trading privilege basis.
Founded in 1969, Countrywide Financial Corporation is a diversified
financial services provider and a member of the S&P 500, Forbes 2000, and
Fortune 500. Through its family of companies, Countrywide: originates,
purchases, securitizes, sells, and services prime and nonprime loans;
provides loan closing services such as credit reports, appraisals and flood
determinations; offers banking services which include depository and home
loan products; conducts fixed income securities underwriting and trading
activities; provides property, life and casualty insurance; and manages a
captive mortgage reinsurance company. For more information about the
Company, visit Countrywide's website at http://www.countrywide.com.
This Press Release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended,
regarding management's beliefs, estimates, projections, and assumptions
with respect to, among other things, the Company's future operations,
business plans and strategies, as well as industry and market conditions,
all of which are subject to change. Actual results and operations for any
future period may vary materially from those projected herein and from past
results discussed herein. Factors which could cause actual results to
differ materially from historical results or those anticipated include, but
are not limited to: competitive and general economic conditions in each of
our business segments; changes in general business, economic, market and
political conditions in the United States and abroad from those expected;
loss of investment grade ratings that may result in an increase in the cost
of debt or loss of access to corporate debt markets; reduction in
government support of homeownership; the level and volatility of interest
rates; changes in interest rate paths; changes in generally accepted
accounting principles or in the legal, regulatory and legislative
environments in the markets in which the Company operates; failure to
attract and retain a highly skilled workforce; the ability of management to
effectively implement the Company's strategies; and other risks noted in
documents filed by the Company with the Securities and Exchange Commission
from time to time. Words like "believe," "expect," "anticipate," "promise,"
"plan," and other expressions or words of similar meanings, as well as
future or conditional verbs such as "will," "would," "should," "could," or
"may" are generally intended to identify forward-looking statements. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements.
SOURCE Countrywide Financial Corporation
 back to top
Related links:
http://www.countrywide.com
CONTACT:
Investors, David Bigelow or Lisa Riordan,
+1-818-225-3550, or Media, +1-800-796-8448, all of Countrywide
Financial Corporation
|
