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American Mortgage Acceptance Company Clarifies Stock Symbol: AMC
Wednesday August 1, 2:28 pm ET


NEW YORK--(BUSINESS WIRE)--American Mortgage Acceptance Company (AMEX:AMC - News) makes the following announcement to clarify misuse of American Mortgage Acceptance Company ("AMAC") stock symbol: AMC.



The correct stock symbol for American Mortgage Acceptance Company is: AMC. AMAC's stock symbol was listed incorrectly in recent news articles about American Home Mortgage Corp. (AHC). AMAC has no affiliation with American Home Mortgage Corp. and no subprime exposure. AMAC originates and acquires mortgage loans for commercial multifamily and other commercial properties only.

About AMAC

AMAC is a real estate investment trust that specializes in originating and acquiring mortgage loans and other debt instruments secured by multifamily and commercial properties throughout the United States. AMAC invests in mezzanine, construction and first mortgage loans, subordinated interests in first mortgage loans, bridge loans, subordinate commercial mortgage backed securities, and other real estate assets. For more information, please visit our website at http://www.americanmortgageco.com or contact the Investor Relations Department directly at 800-831-4826.

Certain statements in this document may constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are detailed in AMAC's most recent Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission and include, among others, risks of investing in uninsured and non-investment grade mortgage assets; competition in acquiring desirable investments; interest rate fluctuations; risks associated with investments in real estate generally and the properties which secure many of our investments; general economic conditions, particularly as they affect the value of our assets and the credit status of our borrowers; dependence on our external Advisor for all services necessary for our operations; conflicts which may arise among us and other entities affiliated with our Advisor which have similar investment policies to ours; risks associated with the repurchase agreements we utilize to finance our investments and the availability to raise capital; risks associated with the failure to qualify as a REIT; and risks associated with CDO transactions, which include, but are not limited to, the inability to acquire eligible investments for a CDO issuance; Interest rate fluctuations on variable-rate swaps entered into to hedge fixed-rate loans; the inability to find suitable replacement investments with reinvestment periods; and the negative impact on our cash flow that may result from the use of CDO financings with over-collateralization and interest coverage requirements. Such forward-looking statements speak only as of the date of this document. AMAC expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in AMAC's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.



Contact:
American Mortgage Acceptance Company, New York
Brenda Abuaf, Director of Corporate Communications,
800-831-4826

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Source: American Mortgage Acceptance Company