UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) February 28, 2007
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AMERICAN MORTGAGE ACCEPTANCE COMPANY
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(Exact Name of Registrant as Specified in Its Charter)
MASSACHUSETTS
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(State or Other Jurisdiction of Incorporation)
0-23972 13-6972380
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(Commission File Number) (IRS Employer Identification No.)
625 MADISON AVENUE
NEW YORK, NEW YORK 10022
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(Address of Principal Executive Offices) (Zip Code)
(212) 317-5700
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On February 28, 2007, American Mortgage Acceptance Company (the
"Registrant") issued a press release (the "Press Release") announcing that the
Registrant expects Adjusted Funds from Operations ("AFFO") per share for 2007 to
be between approximately $0.95 and $1.00 and GAAP net income per share for 2007
to be between approximately $0.79 and $0.84. In connection with this guidance,
the Registrant expects that the dividend per share in 2007 will reflect a payout
ratio of 90% - 95% of AFFO. As was the case in 2006, the Registrant will
continue to report both Funds from Operations ("FFO") and AFFO. AFFO excludes
the changes in the fair value of derivative instruments, net of certain
associated costs. The changes in the fair value of these derivative instruments
will not have an impact on the Registrant's dividend per share.
A copy of the Press Release is attached to this report on Form 8-K as
Exhibit 99.1 and incorporated herein by reference. The information included in
this Item 7.01, including the information included in Exhibit 99.1 attached
hereto, is intended to be furnished solely pursuant to this Item 7.01, and is
not deemed to be "filed" for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or incorporated by reference into
any filing under the Securities Act of 1933, as amended ("Securities Act") or
the Exchange Act, or otherwise subject to the liabilities of Sections 11 and 12
(a) (2) of the Securities Act.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits
99.1 Press Release dated February 28, 2007, "American
Mortgage Acceptance Company Issues Earnings and Dividend
Guidance for 2007"
2
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 28, 2007 By: /s/ Robert L. Levy
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Robert L. Levy
Chief Financial Officer
Exhibit Index
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99.1 Press Release dated February 28, 2007, "American
Mortgage Acceptance Company Issues Earnings and
Dividend Guidance for 2007"