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To: orkrious who wrote (283098)	4/5/2004 9:43:42 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

FNM should convert to a REIT too. Then they can open it up at $105 and watch what happens M

To: orkrious who wrote (283098)	4/5/2004 10:53:56 PM
From: stan_hughes	Respond to of 436258

ork - NCEN comments from briefing.com FWIW -- 8:26 pm ET New Century announces decision to convert to REIT (NCEN) 45.40 -2.10: -- Update -- Co announces that, after careful review, its Board of Directors voted in favor of converting the company to a Real Estate Investment Trust (REIT). NCEN also raises quarterly dividend to $0.20 from $0.16 and reports it is on track to exceed its $30 bln 2004 loan production goal. (Briefing.com note: Recall that in its March 31 upgrade, Jefferies placed a value on the stock of $52 if co remained a C-Corp and $58 should it convert into a REIT, and noted that recent weakness in stock had been due to concerns that co might not adopt REIT status this year.)