SAN FRANCISCO, April 6 /PRNewswire-FirstCall/ -- Luminent Mortgage
Capital, Inc. (NYSE: LUM) today announced it will release its results of
operations for the first quarter of 2005 on Tuesday, May 10, 2005.
Luminent will also hold a conference call on Tuesday, May 10, 2005 at
10:00 a.m. PDT to discuss its first quarter 2005 results of operations. Gail
P. Seneca, Luminent's Chairman of the Board and Chief Executive Officer, will
host the conference call.
The dial-in number is 1-800-573-4754 and the passcode is 70981990. A
replay of the call will be available through May 24, 2005. The replay number
is 1-888-286-8010 and the passcode is 63612960. The international dial-in
number is 1-617-224-4325 and the passcode is 70981990. The international
replay number is 1-617-801-6888 and the passcode is 63612960.
The call will also be webcast and can be accessed at Luminent's website at
http://www.luminentcapital.com or through CCBN's individual investor center at
http://www.fulldisclosure.com.
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
current principal activity is to invest in mortgage-backed securities and
loans, thereby providing capital to the single family residential housing
market.
This news release and Luminent's filings with the Securities and Exchange
Commission contain forward-looking statements that predict or describe future
events or trends. The matters described in these forward-looking statements
are subject to known and unknown risks, uncertainties and other unpredictable
factors, many of which are beyond Luminent's control and are based on the
information currently available to Luminent's management. Luminent faces many
risks that could cause its actual performance to differ materially from the
results expressed or implied by its forward-looking statements, including,
without limitation, the possibilities that interest rates may change, that
principal payment rates may change, that mortgage-backed securities may not be
available for purchase on favorable terms, that borrowings to finance the
purchase of assets may not be available on favorable terms, that Luminent may
not be able to maintain its dividend or the yield on its common stock, that
Luminent may not be able to maintain its qualification as a REIT for federal
income tax purposes, that Luminent may experience the risks associated with
investing in real estate, including changes in business conditions and the
general economy, and that Luminent's strategies may not be effective
(including portfolio management and hedging strategies and strategy to protect
net interest spreads). Luminent's filings with the Securities and Exchange
Commission contain a more complete description of these and many other risks
to which Luminent is subject. Because of those risks, Luminent's actual
results, performance or financial condition may differ materially from the
results, performance or financial condition contemplated by its forward-
looking statements. The information set forth in this news release represents
management's current expectations and intentions. Luminent assumes no
responsibility to update or revise any forward-looking statements, whether as
a result of new information, future developments or otherwise.
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