Walter Investment Stock to be Listed on Amex Exchange

The common stock of Walter Investment Management Co., the surviving entity of a merger between Hanover Capital Mortgage Holdings Inc., Edison, N.J., and the mortgage financing business of Walter Industries, Tampa, Fla., will be listed on the NYSE Amex exchange. This transaction is expected to close on April 17 and the new stock, using the symbol WAC, will begin trading on April 20. Starting on March 27, the surviving company stock began trading on NYSE Amex on a "when issued" basis using the symbol WAC-WI. It closed on at $8.50 per share on that day; on the same day Hanover closed at $0.19 per share. Hanover is holding a special meeting on April 15 for its shareholders to approve the transaction. Walter shareholders do not have to approve the deal. Terms of the deal have every 50 shares of Hanover becoming a single share of Walter Investment Management.