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Hanover Capital Mortgage Holdings Affirms Dividend Policy.

Publication: PR Newswire
Publication Date: 29-MAR-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
EDISON, N.J., March 29 /PRNewswire-FirstCall/ -- Hanover Capital Mortgage Holdings, Inc. affirmed its dividend policy with respect to its common stock for 2005.

As a real estate investment trust, or REIT, Hanover is required to pay dividends equal to at least 90% of its REIT taxable income. Consistent with that requirement, Hanover's current dividend policy is to pay four quarterly dividends that represent management's estimate of Hanover's REIT income. Hanover's per share dividend rate is determined in the first quarter of the year and, in general, would be the amount...

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