Thursday, July 12, 2007

IndyMac sells Pasadena property, sees $60 mln gain

(Reuters) - IndyMac expects to recognize about $24 million of the gain
immediately, while the balance will be amortized over the term
of the lease. The company disclosed the sale and expected gain
in a U.S. Securities and Exchange Commission filing.




Shares of IndyMac rose 18 cents to $28.85 in afternoon
trading on the New York Stock Exchange.



Read more at Reuters.com Government Filings News

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