JER Investors Trust Inc. Announces Move to OTC Market and New Ticker Symbol
01 Avril 2009 - 2:02AM
PR Newswire (US)
MCLEAN, Va., March 31 /PRNewswire-FirstCall/ -- JER Investors Trust
Inc. (the "Company") today announced that arrangements for the
transition of trading of the Company's common stock from the New
York Stock Exchange ("NYSE") to the over-the-counter market have
been completed. The NYSE will suspend trading of the Company's
common stock and the Company's trading symbol "JRT" will be
discontinued prior to market open on Wednesday, April 1, 2009.
Effective April 1, 2009, the trading of the Company's common stock
will occur in the over-the-counter market where the common stock
will be quoted on the OTC Bulletin Board and Pink Quotes (formerly
the "Pink Sheets") under the ticker symbol "JERT". Information
regarding the trading of the Company's common stock on the OTC
Bulletin Board can be accessed at http://www.otcbb.com/ and on the
Pink Quotes at http://www.pinksheets.com/. Although the Company's
common stock will be changing markets, the transition to the
over-the-counter market will have no effect on the shares of common
stock themselves under the Company's charter. The Company's
stockholders will remain the registered owners of the common stock
and commencing April 1, 2009 will be able to trade them
over-the-counter. About JER Investors Trust Inc. JER Investors
Trust Inc. is a specialty finance company that invests in
commercial real estate structured finance products. The Company's
target investments primarily include commercial mortgage backed
securities, whole commercial mortgage loans, mezzanine loans and
net leased real estate assets. The Company is organized and
conducts its operations so as to qualify as a REIT for federal
income tax purposes. For more information regarding the Company,
please visit http://www.jer.com/. Forward-Looking Statements
Certain items in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on management's
current expectations and beliefs and are subject to a number of
trends and uncertainties that could cause actual results to differ
materially from those described in the forward- looking statements.
The Company can give no assurance that its expectations will be
attained. Factors that could cause actual results to differ
materially from the Company's expectations include, but are not
limited to, changes in the real estate and capital markets, our
liquidity, our ability to source and fund new investments, the
effect of trading in the over-the-counter market and other risks
detailed from time to time in the Company's SEC reports. Such
forward-looking statements speak only as of the date of this press
release. The Company expressly disclaims any obligation to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's
expectations with regard thereto or change in events, conditions or
circumstances on which any statement is based. CONTACT: J. Michael
McGillis Chief Financial Officer JER Investors Trust Inc. (703)
714-8000 DATASOURCE: JER Investors Trust Inc. CONTACT: J. Michael
McGillis, Chief Financial Officer of JER Investors Trust Inc.,
+1-703-714-8000 Web Site: http://www.jer.com/
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