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O.C. BUSINESS PLUS | ORANGE COUNTY EARNINGS

Impac Mortgage Holdings Inc.

February 03, 2001

The Newport Beach real estate investment trust posted net income of $3.7 million, or 14 cents a share, for the fourth quarter, down 5% from $3.9 million, or 14 cents a share, from the same period a year earlier. Quarterly revenue rose 35% to $41.8 million. For the year, Impac lost $54.2 million, or $2.70 a share, contrasted with prior-year earnings of $22.3 million, or 76 cents a share. Annual revenue grew 19% to $150 million.

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