Prime Capital Investment Corp.
Proposed Ticker:PRCI 77 West Wacker Drive, Suite 3900
Exchange:NASDAQ-National Market Chicago, IL 60601
Industry:Financial (SIC Code 6798) (312) 917-1500

Filing Information
Type of Shares:Common Shares Filing Date:10/7/97
U.S. Shares Filed:8,750,000 Filing Range:$19.00 - $21.00
Non-U.S. Shares Filed:0 Offering Amount: $175,000,000
Primary Shares:8,750,000 Expenses:$800,000
Secondary Shares:0 Shares Out After:18,750,000

Primary Underwriting Group
ManagerTierPhone
Friedman, Billings, Ramsey & Co., Inc.Lead Manager (703) 312-9571

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Winston & Strawn
Bank's Law Firm: Hunton & Williams
Auditor: Ernst & Young

Business Description
The company is a real estate investment trust, (REIT). The company will pursue advantageous investments that capitalize on inefficiencies in the real estate and mortgage markets. The company will invest in mortgage backed securities and mortgage loans.

Use of Proceeds
The proceeds from the proposed offering will be used for general corporate purposes.

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