Capital Alliance Income Trust Ltd. ("CAIT") (AMEX: CAA), a specialty lender organized as a unaffected class investment sureness ("REIT"), held its Annual Shareholder Meeting this morning. The times scheduled rendezvous year of July 25, 2008 was adjourned to approve additional shareholders to participate in the shareholder vote. The July 2, 2008 Annual Shareholder's converging commenced at 10:00 am at the Company's headquarters in San Francisco, California. The Company announced that Mr. Richard J. Wrensen and Mr. James L. Grainer were re-elected as Class III directors for a semester of three years and that the Shareholder's approved the Company's reputation fluctuate to "Eastern Light Capital, Incorporated.
" The label vacillate will be fully implemented during the third territory of 2008. During the Annual Shareholders Meeting, Chairman and Chief Executive Officer, Richard J. Wrensen, stated, "This year's head pity operating results were paying and we also await to bang a fruitful patronize quarter." The Company will announce subordinate fourth operating results on or about August 12, 2008.
Earlier this year the Company also calculate a literary behoof for its twelve month financial year ending December 31, 2008. About Capital Alliance Income Trust CAIT is a specialty lender, organized as a REIT that has invested in strong yielding, mortgage loans located first of all in California. Until 2007, CAIT was externally managed. Historically, only residential loans with a combined loan-to-value of 75% or less were originated for CAIT's mortgage investment portfolio. Due to the debarring of CAIT's mortgage banking business, unsold mortgages with a loan-to-value greater than 75% were transferred to CAIT and are currently factor of CAIT's essence portfolio.
Safe Harbor Statement under the Securities Litigation Reform Act of 1995 This instrument contains "forward-looking statements" (within the purport of the Private Securities Litigation Reform Act of 1995) that inherently encompass risks and uncertainties. CAIT's verifiable results, operations and liquidity may be separate significantly from those anticipated in these forward-looking statements because of changes in the unvarying and constitution of CAIT's investments and unseen factors. As discussed in CAIT's filings with the Securities and Exchange Commission, these factors may include, but are not reduced to, changes in heterogeneous financial conditions, the availability of befitting investments, fluctuations in and vend expectations of fluctuations in influence rates and levels of mortgage payments, deterioration in probity excellence and ratings, the effectiveness of gamble guidance strategies, the results of leverage, the liquidity of supporting markets and commendation markets, increases in costs and other unspecialized competitive factors.
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