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Published on 10/28/2008 in the Prospect News Distressed Debt Daily.

Luminent posts $2.04 million September net loss

By Caroline Salls

Pittsburgh, Oct. 28 - Luminent Mortgage Corp. reported a $2.04 million net loss for September on $4,242 in gross operating revenues, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company had $373,322 in cash at Sept. 30.

Luminent, a San Francisco-based real estate investment trust that invests in mortgage-backed securities and loans, filed for bankruptcy on Sept. 5 in the U.S. Bankruptcy Court for the District of Maryland. Its Chapter 11 case number is 08-21389.


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