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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
March 24, 1998
Date of Report (Date of earliest event reported)
Imperial Credit Commercial Mortgage Investment Corp
(Exact name of registrant as specified in its charter)
Maryland 000-23089 95-4648345
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
11601 Wilshire Blvd., Suite 2080, Los Angeles, CA 90025
(Address of principal executive offices) (Zip Code)
(310) 231-1280
(Registrant's telephone number)
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ITEM 5. OTHER EVENTS.
On March 24, 1998, Imperial Credit Commercial Mortgage Investment Corp.
(the Registrant") issued a press release reporting that its Board of Directors
has declared a cash dividend of $0.24 per share of common stock, payable on
April 14, 1998 to shareholders of record at the close of business on March 31,
1998. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K
and is incorporated herein by reference.
ITEM 7. EXHIBIT
Exhibit 99.1 Press release of the Registrant, dated March 24, 1998
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IMPERIAL CREDIT COMMERCIAL MORTGAGE INVESTMENT CORP.
By: /s/ MARK S. KARLAN
Mark S. Karlan, President and Chief Executive Officer
Dated: March 24, 1998
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EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
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99.1 Press release of the Registrant dated March 24, 1998
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
IMPERIAL CREDIT COMMERCIAL MORTGAGE INVESTMENT
CORP. ANNOUNCES QUARTERLY DIVIDEND
LOS ANGELES, CALIFORNIA, March 24, 1998. Imperial Credit Commercial Mortgage
Investment Corp. (Nasdaq:ICMI) today announced that its Board of Directors has
declared a cash dividend of $0.24 per share of Common Stock for the quarter
ending March 31, 1998. The dividend will be payable on April 14, 1998, to
shareholders of record at the close of business on March 31, 1998.
"We are extremely pleased with our performance from the date of our initial
public offering on October 22, 1997," said Mark S. Karlan, President and CEO of
the Company. "We are achieving our investment and yield objectives, and our
results to date are well within the range that we established for ourselves at
the time of our initial public offering. We expect to announce our first
quarter investments in early April."
Imperial Credit Commercial Mortgage Investment Corp. is a real estate investment
trust that invests primarily in performing multifamily and commercial mortgage
loans, real property and interests in multifamily and commercial mortgage backed
securities.
This press release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, which can be identified by the
use of forward-looking terminology such as "may," "will," "intend," "should,"
"expect," "anticipate," "estimate" or "continue" or the negatives thereof or
other comparable terminology. The Company's actual results could differ
materially from those anticipated in such forward-looking statements as a result
of certain factors, including those set forth in the Company's Registration
Statement on Form S-11 filed with the Securities and Exchange Commission.
For further information, please contact Karen Montandon at (310) 791-8022.
