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Capital Alliance Income Trust Ltd. Announces Declaration of Common Share Dividend for Third Quarter
Business Wire, Sept 23, 1999
SAN FRANCISCO--(BUSINESS WIRE)--Sept. 23, 1999--
Capital Alliance Income Trust Ltd. ("CAIT"), a home mortgage real estate investment trust (AMEX:CAA), announced that its Board had declared its common share dividend for the third quarter at $.085 per share. The dividend will be payable on October 15, 1999 to shareholders of record on October 1, 1999.
Thomas B. Swartz, CAIT's Chairman and CEO, noted that CAIT's Board will continue to review the progress of CAIT's operating results during the fourth quarter and will, as required by the REIT Rules, distribute 95% of CAIT's net income for the 1999 fiscal year.
Certain oral and written statements of the management of CAIT included in this press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. The accuracy of such statements cannot be guaranteed, as they are subject to a variety of risks.
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