Hanover Capital Mortgage Holdings Inc.

As of April 17, 2009, Hanover Capital Mortgage Holdings Inc. was acquired by JWH Holding Company, LLC, in a reverse merger transaction. Hanover Capital Mortgage Holdings, Inc. operates as a real estate investment trust (REIT). It primarily invests in prime mortgage securities and mortgage loans on a leveraged basis. Its portfolio comprises subordinate mortgage-backed securities, collateralized by pools of prime single-family mortgage loans, as well as prime whole single-family mortgage loans for investment, securitization, and resale. The company has elected to be taxed as REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. Hanover Capital Mortgage Holdings was founded in 1997 and is based in Edison, New Jersey.