Market Overview

Owens Realty Mortgage Shareholders Appoint Hovde Capital Advisors' Nominee and Hovde Group CEO Steven Hovde to the Board of Directors


Shareholders agreed that change was needed in the boardroom of ORM
and provided their overwhelming support

Hovde Capital Advisors is pleased to announce that Steven D. Hovde was
elected by shareholders to the board of directors of Owens Realty
Mortgage, Inc. (NYSEAM:ORM) at the annual meeting of shareholders held
on Monday, July 16, 2018 and reconvened to Thursday, July 19, 2018. Mr.
Hovde is Chairman and CEO of Hovde
, an investment banking firm headquartered in Chicago,
Illinois. Mr. Hovde is also Chairman of Hovde
, and Director of Republic Bank of Chicago and Coastal
Community Bank of Seattle. In addition, Mr. Hovde serves as Trustee to
several charitable foundations.

With the support for Mr. Hovde by leading independent proxy advisory
firms Institutional Shareholder Services (ISS) and Glass Lewis,
shareholders overwhelmingly believed that change was needed in ORM's
boardroom. Mr. Hovde looks forward to promoting the agenda which the
Shareholder Group had outlined in its proxy solicitation: renegotiating
the external manager contract with OFG, overseeing a formal review of
existing loans and lending policies and instituting a capital allocation
plan that is beneficial to all shareholders.

"I am honored shareholders have provided their support in our pursuit to
fix ORM," said Mr. Hovde. "I look forward to working with the board to
further our goal of creating, enhancing, and protecting shareholder
value. I would like to thank ORM shareholders for their support."

This announcement was made by Hovde Capital Advisors, LLC on behalf of
the Shareholder Group.

Hovde Capital Advisors LLC ("Hovde Capital Advisors LLC"), Hovde Capital
Ltd. ("Hovde Capital Ltd."), Financial Institutions Partners III LP
("FIP III LP"), Opal Advisors LLC ("Opal Advisors LLC"), Opal Capital
Partners LP ("Opal Capital Partners LP"), Steven D. Hovde, James P. Hua,
and Eric D. Hovde (collectively, the "Participants") have filed a
definitive proxy statement and an accompanying GOLD proxy card with the
SEC to be used to solicit proxies for the election of its slate of
highly-qualified director nominees at the 2018 annual meeting of
stockholders (the "2018 Annual Meeting") of the Company. Stockholders
are advised to read the proxy statement and any other documents related
to the solicitation of stockholders of the Company in connection with
the 2018 Annual Meeting when they become available because they contain
important information, including additional information relating to the
Participants. These materials and other materials filed by the
Shareholder Group in connection with the solicitation of proxies will be
available at no charge at the SEC's website at

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