Replies to post #180 on American Home Mortgage Preferred (fka AHMMQ)

[lifegear]

Liquidation Preference $25.00 per share...

Dividends are payable on the last calendar day of each January, April, July and
October on the Company's 9.75% Series A Cumulative Redeemable Preferred Stock,
liquidation preference $25.00 per share ("Series A Preferred Stock"), and 9.25%
Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00
per share ("Series B Preferred Stock"). The Series A Preferred Stock and Series
B Preferred Stock rank senior to our common stock with respect to dividend
rights, redemption rights and rights upon our voluntary or involuntary
liquidation, dissolution or winding up. The terms of the Series A Preferred
Stock and Series B Preferred Stock require that all accumulated dividends in
arrears be paid prior to the payment of any dividends on our common stock.

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