America First Mortgage Investments, Inc. Announces Second Increase In Quarterly Dividend

Apr 10, 2001, 01:00 ET from America First Mortgage Investments, Inc.

    NEW YORK, April 10 /PRNewswire/ -- The board of directors of America First
 Mortgage Investments, Inc. announced today that it approved an increase in its
 quarterly dividend to $0.175 per share of its common stock for the second
 quarter of 2001.  The dividend will be paid on July 16, 2001, to record
 holders as of June 30, 2001.  The new dividend rate represents an increase of
 six percent over the previous dividend of $0.165 and is the third dividend
 increase since September 2000.  At that time, the dividend was increased from
 $.14 per share to $0.155 per share.  In February 2001 the dividend was
 increased again to $0.165 per share.
     Stewart Zimmerman, President and Chief Executive Officer, commented, "In
 the current economic environment, we have been able to significantly decrease
 our cost of funding.  Prepayments on our adjustable-rate mortgage-backed
 securities (MBS) portfolio have been within the expected parameters and we
 project a widening spread between the yield on our adjustable-rate assets and
 our cost of funding.  We continue to feel confident in our business plan and
 our plans for the remainder of 2001."
     MFA is a hybrid real estate investment trust combining a leveraged
 high-grade adjustable-rate MBS portfolio with multifamily real estate.
 
     For more information, please visit our website at www.mfa-reit.com
 
     Information contained in this Press Release contains "forward-looking
 statements" relating to, without limitation, future performance, plans and
 objectives of management for future operations and projections of revenue and
 other financial items, which can be identified by the use of forward-looking
 terminology such as "may", "will", "should", "expect", "anticipate",
 "estimate", or "continue" or the negative thereof or other variations thereon
 or comparable terminology.  Several factors with respect to such
 forward-looking statements, including certain risks and uncertainties, could
 cause actual results to differ materially from those in such forward-looking
 statements.
 
 

SOURCE America First Mortgage Investments, Inc.
    NEW YORK, April 10 /PRNewswire/ -- The board of directors of America First
 Mortgage Investments, Inc. announced today that it approved an increase in its
 quarterly dividend to $0.175 per share of its common stock for the second
 quarter of 2001.  The dividend will be paid on July 16, 2001, to record
 holders as of June 30, 2001.  The new dividend rate represents an increase of
 six percent over the previous dividend of $0.165 and is the third dividend
 increase since September 2000.  At that time, the dividend was increased from
 $.14 per share to $0.155 per share.  In February 2001 the dividend was
 increased again to $0.165 per share.
     Stewart Zimmerman, President and Chief Executive Officer, commented, "In
 the current economic environment, we have been able to significantly decrease
 our cost of funding.  Prepayments on our adjustable-rate mortgage-backed
 securities (MBS) portfolio have been within the expected parameters and we
 project a widening spread between the yield on our adjustable-rate assets and
 our cost of funding.  We continue to feel confident in our business plan and
 our plans for the remainder of 2001."
     MFA is a hybrid real estate investment trust combining a leveraged
 high-grade adjustable-rate MBS portfolio with multifamily real estate.
 
     For more information, please visit our website at www.mfa-reit.com
 
     Information contained in this Press Release contains "forward-looking
 statements" relating to, without limitation, future performance, plans and
 objectives of management for future operations and projections of revenue and
 other financial items, which can be identified by the use of forward-looking
 terminology such as "may", "will", "should", "expect", "anticipate",
 "estimate", or "continue" or the negative thereof or other variations thereon
 or comparable terminology.  Several factors with respect to such
 forward-looking statements, including certain risks and uncertainties, could
 cause actual results to differ materially from those in such forward-looking
 statements.
 
 SOURCE  America First Mortgage Investments, Inc.