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Strategies & Market Trends : Ocwen Asset Inv. Co (OAC) -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (20)	2/18/1998 6:41:00 PM
From: Labrador	Respond to of 64

The below was taken from their news release. A stock swap would not give additional equity to OAIC. What gives you that view ? "And from the Company's perspective, these purchases give the Company not only additional equity to grow its business, they also serve to further align the interests of the persons responsible for the Company's success with the interests of the Company's shareholders.''

To: leigh aulper who wrote (20)	2/18/1998 7:41:00 PM
From: CygnusX3	Read Replies (1) \| Respond to of 64

<<No cash was exchanged, I believe these guys swapped and equal amount of paper that they owned in OCWEN financial.>> You appear to be misinterpreting the following portion of the press release: "In connection with this stock issuance, a subsidiary of Ocwen Financial Corporation exchanged a like number of shares of OAIC Common Stock for a like number of Limited Partnership Units in OAIC's operating partnership in order to comply with the stock ownership restrictions imposed on real estate investment trusts under the Internal Revenue Code." While I don't understand why a swap was required, this refers to a subsidiary of Ocwen Financial swapping stock for units. It does not say that the insiders swapped anything for their common stock. It does seem to indicate that ownership by the insiders does affect what Ocwen Financial can own.