SEC Company Response from MortgageIT Holdings, Inc. (CIK 0001284151) — Jun 17, 2005
MortgageIT Holdings, Inc. (CIK 0001284151)
Date: June 17, 2005 · CIK: 0001284151 · Accession: 0000950136-05-003570
AI Filing Summary & Sentiment
File numbers found in text: 333-125556
Referenced dates: June 15, 2005, June 16, 2005
Letter
June 17, 2005 Jeffrey D. Haas (202) 457-5675 jhaas@pattonboggs.com Elaine Wolff, Esq. Branch Chief Division of Corporation Finance Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549
Re: MortgageIT Holdings, Inc. Registration Statement on Form S-11 Commission File No. 333-125556
Dear Ms. Wolff:
This letter is being transmitted to you on behalf of MortgageIT Holdings, Inc. (the "REIT"). It is in response to the Staff's comment to our letter dated June 16, 2005, regarding the REIT's Registration Statement on Form S-11 (the "Registration Statement"), which was filed with the Securities and Exchange Commission on June 6, 2005, and your letter dated June 15, 2005.
As noted in our June 16th letter, for tax purposes, the Dividends (as defined therein) have been paid by the REIT from its actual or estimated taxable income and, therefore, properly were not treated as a return of capital. Similarly, for financial reporting purposes, the Dividends have been recorded as an addition to accumulated deficit and not as a return of capital. We believe this presentation is in accordance with Generally Accepted Accounting Principles and practice in the real estate investment trust industry. We have revised the Registration Statement disclosure regarding the Dividends to clarify that the Dividends have been recorded as an increase in the REIT's consolidated accumulated deficit.
Elaine Wolff, Esq. June 17, 2005 Page 2
Please do not hesitate to call the undersigned or Norman B. Antin if there are any comments or questions concerning the foregoing or if we can be of any further assistance.
Sincerely yours,
/s/JEFFREY D. HAAS
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CORRESP
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June 17, 2005 Jeffrey D. Haas
(202) 457-5675
jhaas@pattonboggs.com
Elaine Wolff, Esq.
Branch Chief
Division of Corporation Finance
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: MortgageIT Holdings, Inc.
Registration Statement on Form S-11
Commission File No. 333-125556
Dear Ms. Wolff:
This letter is being transmitted to you on behalf of MortgageIT
Holdings, Inc. (the "REIT"). It is in response to the Staff's comment to our
letter dated June 16, 2005, regarding the REIT's Registration Statement on Form
S-11 (the "Registration Statement"), which was filed with the Securities and
Exchange Commission on June 6, 2005, and your letter dated June 15, 2005.
As noted in our June 16th letter, for tax purposes, the Dividends (as
defined therein) have been paid by the REIT from its actual or estimated taxable
income and, therefore, properly were not treated as a return of capital.
Similarly, for financial reporting purposes, the Dividends have been recorded as
an addition to accumulated deficit and not as a return of capital. We believe
this presentation is in accordance with Generally Accepted Accounting Principles
and practice in the real estate investment trust industry. We have revised the
Registration Statement disclosure regarding the Dividends to clarify that the
Dividends have been recorded as an increase in the REIT's consolidated
accumulated deficit.
Elaine Wolff, Esq.
June 17, 2005
Page 2
Please do not hesitate to call the undersigned or Norman B. Antin if
there are any comments or questions concerning the foregoing or if we can be of
any further assistance.
Sincerely yours,
/s/JEFFREY D. HAAS
Jeffrey D. Haas
Enclosure
cc: Jennifer Gowetski, Esq.
Mr. Doug W. Naidus
Jay L. Bernstein, Esq.
Kathleen L. Werner, Esq.
Norman B. Antin, Esq.