| Hanover Capital Mortgage Holdings, Inc. | |||
| Ticker: | HCM | ||
| Exchange: | American Stock Exchange | New York, NY | |
| Industry: | Financial (SIC Code 6798) | ||
| Type of Shares: | Common Shares | Filing Date: | 6/16/97 | |
| U.S. Shares: | 5,000,000 | Offer Date: | 9/16/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 5,000,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.05 | |
| Offering Amount: | $75,000,000 | Selling: | $0.58 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 5,716,677 |
| Manager | Tier | Phone |
| Stifel, Nicolaus & Company, Incorporated | Lead Manager | (314) 342-2130 |
| Montgomery Securities | Co-manager | (415) 627-2100 |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/97 | |||||
| Revenue: | $0.02 | Assets: | |||
| Net Income: | -$0.20 | Curr Assets: | |||
| EPS: | Liabilities: | ||||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is a real estate investment trust (REIT). The company purchases mortgages of borrowers with less then perfect credit profiles, provides due diligence services, buys, services and sells multifamily and commercial mortgages. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to purchase a majority interest in the operating partnership that will own the mortgage assets, and to fund its business of providing due diligence services to mortgage lenders and buyers. |
| # of Units: | 5,000,000 | |||
| Unit Ticker: | HCMU | Unit Price: | $15.00 | |
| Warrant Ticker: | HCMW | Warrant Price: | ||
| Warrant Exercise Date: | Warrant Exercise Price: | |||
| Warrant Expiration Date: | ||||
| Warrant Detachable: | Yes | Warrant Detach Date: | ||
| Warrant Callable: | No |
| Unit Composition: 1 Common Share + 1 Warrant |
| Warrant Entitlement: 1 Common Share |