Orleans Homebuilders, Inc. Reiterates Dividend Suspension
21 Outubro 2008 - 8:05PM
PR Newswire (US)
BENSALEM, Pa., Oct. 21 /PRNewswire-FirstCall/ -- Consistent with
the terms of the Second Amended and Restated Revolving Credit Loan
Agreement announced on September 30, 2008 and as previously
disclosed in its Annual Report on Form 10-K, Orleans Homebuilders,
Inc. (AMEX:OHB) reiterates that it has suspended payments of
quarterly cash dividends on the Company's outstanding common stock.
A copy of the Second Amended and Restated Revolving Credit Loan
Agreement was filed with the Securities and Exchange Commission on
October 1, 2008, as an exhibit to the Company's Annual Report on
Form 10-K. About Orleans Homebuilders, Inc. Orleans Homebuilders,
Inc. develops, builds and markets high-quality single-family homes,
townhouses and condominiums. The Company serves a broad customer
base including luxury, move-up, empty nester, active adult and
first-time homebuyers. The Company currently operates in the
following eleven distinct markets: Southeastern Pennsylvania;
Central and Southern New Jersey; Orange County, New York;
Charlotte, Raleigh and Greensboro, North Carolina; Richmond and
Tidewater, Virginia; Chicago, Illinois; and Orlando, Florida. The
Company's Charlotte, North Carolina operations also include
adjacent counties in South Carolina. To learn more about Orleans
Homebuilders, please visit http://www.orleanshomes.com/ DATASOURCE:
Orleans Homebuilders, Inc. CONTACT: Garry P. Herdler, Executive
Vice President & Chief Financial Officer of Orleans
Homebuilders, Inc., +1-215-245-7500 Web Site:
http://www.orleanshomes.com/
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