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New Century REIT confirms NYSE suspends trading New Century Financial's securities

Tue Mar 13, 2007 6:44am EDT
Co confirms the New York Stock Exchange has determined that its common stock (NEW), its 9.125% Series A Cumulative Redeemable Preferred Stock (NEW Pr A) and its 9.75% Series B Cumulative Redeemable Preferred Stock (NEW Pr B) are no longer suitable for continued listing on the NYSE and will be suspended immediately. The NYSE made this decision based upon the co's recent filings with the SEC regarding the uncertainty of its current liquidity position. Following suspension, the co's securities will be quoted on the Pink Sheets under the following ticker symbols: - Common Stock - NEWC - 9.125% Series A Cumulative Redeemable Preferred Stock - NEWCP - 9.75% Series B Cumulative Redeemable Preferred Stock - NEWCO



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