Resale of Fieldstone Stock Okayed

Stockholders of Fieldstone Investment Corp., Columbia, Md., have been authorized to resell approximately 43.3 million shares of its common stock, according to the residential mortgage banking company.The authorization came from the Securities and Exchange Commission, which has declared effective a Fieldstone registration statement, the company said. Under the registration statement, the stockholders are permitted (but not obligated) to sell some or all of the shares covered by the prospectus, which were originally sold in a private placement late in 2003. The common stock of Fieldstone, a real estate investment trust, has begun trading on the NASDAQ National Market under the symbol FICC. The REIT can be found online at http://www.fieldstoneinvestment.com.