Hanover Delays 2Q Earnings Report

Published August 09, 2007, 2:00 p.m. EDT

1 Min Read

Citing capital markets turbulence, Hanover Capital Mortgage Holdings Inc., a real estate investment trust based in Edison, N.J., has announced a postponement of its earnings report for the second quarter and an investor conference call previously scheduled for Aug. 9."Recent turmoil in the capital markets and certain demands on our liquidity have necessitated the company to re-examine its position regarding declines in the fair value of its available-for-sale portfolio of subordinate mortgage-backed securities collateralized by prime mortgage loans," said John A. Burchett, Hanover Capital's president and chief executive officer. The mortgage REIT said it has until Aug. 14 to file its quarterly report and "plans to file by that deadline." Hanover can be found online at http://www.hanovercapitalholdings.com.

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