| American Residential Investment Trust, Inc. | |||
| Ticker: | INV | 445 Marine View Avenue, Suite 230 | |
| Exchange: | New York Stock Exchange | Del Mar, CA 92014 | |
| Industry: | Financial (SIC Code 6798) | (619) 350-5000 | |
| # of Employees: | 7 | ||
| Type of Shares: | Common Shares | Filing Date: | 8/14/97 | |
| U.S. Shares: | 6,500,000 | Offer Date: | 10/28/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 6,500,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.98 | |
| Offering Amount: | $97,500,000 | Selling: | $0.58 | |
| Expenses: | $1,200,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,614,000 |
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| Everen Securities, Inc. | Co-manager | (312) 574-6859 |
| Oppenheimer & Company, Inc. | Co-manager | (212) 667-7400 |
| Sutro & Company Inc. | Co-manager | (415) 445-8323 |
| Issuer's Law Firm: | Gray Cary Ware & Freidenrich |
| Bank's Law Firm: | O'Melveny & Meyers |
| Auditor: | KPMG Peat Marwick |
Dollar amounts in U.S. millions except for per share data | |||||
| 5 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 6/30/97 | 6/30/97 | ||||
| Revenue: | $3.64 | Assets: | $231.52 | ||
| Net Income: | $0.58 | Curr Assets: | |||
| EPS: | $0.35 | Liabilities: | $210.91 | ||
| Prior EPS: | $0.26 | Curr Liabilities: | |||
| Cash Flow/Oper: | $229.56 | Equity: | $20.60 | ||
| Cash Flow/Fin: | -$229.69 | Cash: | $0.13 | ||
| Cash Flow/Inv: | -$229.69 | ||||
| Business Description |
| The company is a real estate investment trust, (REIT). The company will invest in adjustable-rate residential mortgage securities. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for purchase of mortgage assets and general corporate purposes. |
| Name of Shareholder | % Owned Before | % Owned After |
| MDC REIT Holdings, LLC | 99.10% | 28.50% |
| Officer Name | Title | Age |
| John M. Robbins | Chairman of the Board, Chief Executive Officer and Director | 50 |
| Jay M. Fuller | President, Chief Operating Officer and Director | 47 |
| Mark A. Conger | Senior Vice President and Chief Financial Officer | 37 |
| Rollie O. Lynn | Senior Vice President, Capital Markets | 43 |