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"As previously announced, our dividend reflects a level consistent with other regional commercial depository institutions," said CapitalSource Chief Executive Officer John K. Delaney. "The current market is presenting very attractive lending and investment opportunities and we have been investing our capital at very high rates of return. Subject to satisfying our minimum distribution requirements to qualify as a REIT, we plan to retain most of our earnings in order to invest in profitable growth of our balance sheet, using our strong liquidity, while maintaining our historically strong credit performance."
About CapitalSource
CapitalSource Inc. (NYSE: CSE | Quote | Chart | News | PowerRating) is a commercial lender offering focused lending products serving clients in the middle market. CapitalSource Inc. and its subsidiaries collectively managed total assets of approximately $17.3 billion as of June 30, 2008, including a commercial loan portfolio of $9.4 billion and a healthcare net lease portfolio of $1.0 billion. CapitalSource operates principally through its CapitalSource Bank subsidiary, which had $5.2 billion in deposits and 22 retail banking branches as of July 25, 2008. CapitalSource is headquartered in Chevy Chase, MD. For more information about CapitalSource, visit www.capitalsource.com.
Forward Looking Statements
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans and expectations and statements about lending opportunities, rates of return and our liquidity position and our intention to retain most of earnings, profitably grow our balance sheet business, use liquidity and maintain our credit performance, all of which are subject to numerous assumptions, risks, and uncertainties. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "intend," "expect," "plan," "will," and similar expressions are generally intended to identify forward-looking statements. All forward-looking statements (including statements regarding future financial and operating results and future transactions and their results) involve risks, uncertainties and contingencies, many of which are beyond our control which may cause actual results, performance, or achievements to differ materially from anticipated results, performance or achievements. Actual results could differ materially from those contained or implied by such statements for a variety of factors, including without limitation: our ability to originate new loans and to grow our commercial lending business, changes in economic conditions; continued disruptions in credit and other markets; movements in interest rates; competitive pressures on product pricing and services; success and timing of other business strategies; the nature, extent, and timing of governmental actions and reforms; extended disruption of vital infrastructure; and other factors described in CapitalSource's 2007 Annual Report on Form 10- K, and documents subsequently filed by CapitalSource with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available at the time of the release. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE CapitalSource Inc.
http://www.capitalsource.com/
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