Items Tagged with 'Stock exchange'


  • NYSE To Delist Thornburg Shares

    Super-jumbo and ultra-prime mortgage lender Thornburg Mortgage, Inc. [stock TMA][/stock] is about to lose its spot on the New York Stock Exchange, according to a company statement Wednesday morning. The company said that its stock has been suspended from trading and will be delisted for failing to meet the NYSE's $1.00 rule; the exchange requires company stocks to maintain an average closing price of greater than $1.00 over a consecutive 30-day period.
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  • Freddie Mac's Stock May be Delisted from NYSE

    Freddie Mac [stock FRE][/stock] said Friday morning in a filing with the Securities and Exchange Commission that the company was notified by the New York Stock Exchange that it had failed to satisfy one of the NYSE's standards for continued listing of its common stock -- in particular, the so-called $1 dollar rule.
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  • Mortgage REIT Insider: Impac Gets Creative in Face of Cash Crunch

    It may or may not be on the ropes, depending on who you believe, but former Alt-A powerhouse Impac Mortgage Holdings Inc. [stock IMH][/stock] certainly scored some points for ingenuity this past week. The lender, which reported a disastrous $2 billion quarterly loss last week, said late this week that it is asking its preferred shareholders to give up their dividends.
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  • Fremont to See Common Stock Delisted from NYSE

    The New York Stock Exchange said earlier this week that it would delist Fremont General Corp. [stock FMT][/stock] from trading on the exchange prior to the opening of trading on Thursday. The company's common stock and its Trust Originated Preferred Securities are both set for removal, according to a press statement by NYSE Regulation Inc.
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  • Big Board Pulls New Century; Trading Halted

    New Century Financial Corporation (NYSE: NEW) said today that the New York Stock Exchange has halted trading of its stock, including both common and preferred stock. Saying that the NYSE Board had determined that New Century's stock was "no longer suitable for continued listing on the NYSE and will be suspended immediately," the company said the exchange's decision was driven by the company's recent filings with the Securities and Exchange Commission.
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  • ECC Warns on Market Conditions, Delays Full Dividend

    Pointing to sour subprime industry conditions, ECC Capital (NYSE:ECR) declared a $0.07 per share dividend for the first quarter of 2007 and said Friday that the company will likely delay future dividend payments until the third or fourth quarter as the subprime lender and servicer looks to find additional sources of liquidity amid deteriorating market conditions. ECC Capital, which recently sold its Encore Credit franchise to Wall Street bank Bear Stearns (NYSE:BSC) in a deal worth $33 million, had previously announced an intended $0.80 per share dividend. Including the first quarter dividend announced today, the company has distributed less than half that amount, with $0.49 of the intended per-share dividend payment remaining outstanding. The company had previously indicated that it would distribute the remaining dividend balance at the end of the second quarter.
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