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Strategies & Market Trends : FBR Asset Investment Corp (FB)
FB 196.64+0.5%Jun 8 4:00 PM EDT
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To: leigh aulper who wrote ()9/29/1999 12:19:00 PM
From: leigh aulper   of 5
 
Friedman, Billings, Ramsey Group, Inc. (NYSE:FBR - news) currently has a 19 percent equity ownership interest in FBR Asset and with warrants could potentially own up to 26.55 percent of the company. The majority of FBR Asset's outstanding shares are owned by individual and institutional investors.

On September 16, 1999, FBR Asset declared a third quarter cash dividend of $0.40 per share.

FBR Asset is externally managed by Friedman, Billings, Ramsey Investment Management, Inc., (FBRIM), a subsidiary of Friedman, Billings, Ramsey Group, Inc.
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