Luminent Mortgage Capital — Corporate Update (November 2007)
6 slides from Luminent Mortgage Capital's corporate update, Nov 19, 2007
Slide 1: Luminent Mortgage Capital, Inc. Status Update
Luminent Mortgage Capital, Inc. Status Update November 19, 2007
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains forward-looking statements that predict or describe future events or trends. The matters described in these forward-looking statements are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyon
Slide 3: Steps Taken: Arco - Strategic Relationship
Steps Taken Arco - Strategic Relationship August 14th-21st Luminent and Arco initiate transactions under a Letter of Intent including: Arco arranges for $65 million of repo financing to Luminent Arco lends Luminent $18.2 million pursuant to a secured interim credit agreement Arco receives warrants t
Slide 4: Asset Sales/Financing Arrangements
Steps Taken Asset Sales/Financing Arrangements July/August Sold mortgage-backed securities with amortized cost of approximately $1.9 billion at a loss of approximately $114 million. August Transferred mortgage-backed securities with amortized cost of approximately $207 million to one repo lender to
Slide 5: Other
Steps Taken Other August 6th Suspended payment of dividend declared in second quarter of 2007. Luminent is currently considering various options related to the payment of the dividend. Extended term of maturing asset-backed commercial paper facility notes (now fully repaid). August 31st Initiated pe
Slide 6: Further Information
Further Information Much of the information in this presentation is available in Form 8-K and Form 10-Q filings Luminent made with the Securities and Exchange Commission between August 6, 2007 and November 13, 2007. Copies of these filings, which contain further information on some of the topics inc
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