Business Services Industry
FBR Asset Investment Corp. Declares Quarterly Dividend
Business Wire, April 9, 1998
WASHINGTON--(BUSINESS WIRE)--April 9, 1998--FBR Asset Investment Corporation announced today that the Board of Directors approved a cash dividend of $0.20 per share payable April 22, 1998 to shareholders of record as of April 7, 1998.
The dividend covers the period from January 1, 1998 to March 31, 1998.
FBR Asset Investment Corporation is a private real estate investment trust (REIT) formed in December 1997 by Friedman, Billings, Ramsey Group, Inc. At March 31, 1998, FBR Asset Investment Corporation had approximately $208 million under management.
Friedman, Billings, Ramsey Group, Inc. (NYSE: FBG) is a publicly traded, full-service investment banking firm. The company's research analysts cover more than 400 publicly traded companies, most of which are in the technology, banking, thrift, specialty finance, real estate and consolidation sectors. Asset management operations include private investment partnerships, private equity and venture capital and the FBR Family of Funds. FBR maintains a full service trading operation in common and preferred stocks and high yield debt and makes a market in more than 350 securities. The company's website can be accessed at http://www.fbr.com.
CONTACT: FBR, Arlington, Va.
Investor Contact: Eric Generous, 703/312-9510
Media Contact: Melanie Nelson, 703/312-9600
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