Capital Alliance Income Trust Ltd. Announces Fourth Quarter Dividend

Business Wire, Dec 22, 1998

SAN FRANCISCO--(BUSINESS WIRE)--Dec. 22, 1998--Capital Alliance Income Trust Ltd. ("CAIT"), a home mortgage real estate investment trust (AMEX:CAA), announced that it had declared its fourth consecutive common share dividend at $.17 per share for the fourth quarter payable on January 15, 1999 to shareholders of record on January 1, 1999.

The company, which commenced trading on October 1, 1998 and was founded in 1991, invests in and services non-conforming alternative home loans for its own portfolio, offers warehouse lines of credit to its correspondents, and originates loans for sale to investors on a whole loan basis through a subsidiary. The company's primary niche is lending to borrowers with lower credit standing but with significant equity in their homes and good repayment histories. CAIT is not a high LTV lender and, as a hedge against credit risks, limits its portfolio loans to a maximum of 75% loan-to-value.