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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
June 25, 1998
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Date of Report (Date of earliest event reported)
Imperial Credit Commercial Mortgage Investment Corp.
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(Exact name of registrant as specified in its charter)
Maryland 000-23089 95-4648345
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State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
11601 Wilshire Blvd., Suite 2080, Los Angeles, CA 90025
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(Address of principal executive offices) (Zip Code)
(310) 231-1280
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(Registrant's telephone number)
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ITEM 5. OTHER EVENTS.
On June 25, 1998, Imperial Credit Commercial Mortgage Investment Corp. (the
Registrant") issued a press release reporting the declaration of a $0.28
dividend for the quarter ending June 30, 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 June 25, 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 thereunto duly authorized.
IMPERIAL CREDIT COMMERCIAL MORTGAGE INVESTMENT CORP.
By: /s/ MARK S. KARLAN
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Mark S. Karlan, President and Chief Executive Officer
Dated: June 29, 1998
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EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
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99.1 Press release of the Registrant dated June 25, 1998
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EXHIBIT 99.1
ICCMIC
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FOR IMMEDIATE RELEASE
IMPERIAL CREDIT COMMERCIAL MORTGAGE INVESTMENT
CORP. ANNOUNCES QUARTERLY DIVIDEND
LOS ANGELES, CALIFORNIA, June 25, 1998. Imperial Credit Commercial Mortgage
Investment Corp. (Nasdaq: ICMI) today announced that its Board of Directors has
declared a cash dividend of $0.28 per share of Common Stock for the quarter
ending June 30, 1998. The dividend will be payable on July 23, 1998 to
shareholders of record at the close of business on July 9, 1998.
"We are pleased that we have acquired additional mortgage loan investments as
well as income-producing real estate assets meeting our risk-adjusted yield
requirements," said Mark S. Karlan, President and CEO of the Company. "Our
pipeline of investment opportunities continues to grow, and we have strengthened
our capability to source, acquire and manage appropriate assets. We expect to
announce our second quarter investments in early July."
Imperial Credit Commercial Mortgage Investment Corp. is a publicly traded 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. The Company is managed by Imperial Credit
Commercial Asset Management Corporation, a wholly-owned subsidiary of Imperial
Credit Industries, Inc. (Nasdaq: ICII).
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, as amended, and other documents filed by the Company
with the Securities and Exchange Commission.
For further information, please contact Michael Meltzer, Chief Financial
Officer, at (310) 231-5906 or Karen Montandon, Investor Relations, at (310) 791-
8022.
