| Galiot Capital |
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| Agency RMBS consist of single-family residential, pass-through certificates and CMOs, for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored entity.
The agency securities that the Company intends to acquire provide funds for mortgage loans made to residential homeowners. These securities generally represent interests in pools of mortgage loans backed by savings and loan institutions, mortgage bankers, commercial bankers and other mortgage lenders. |
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| Liberty Lane Acquisition |
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| The Company is not presently engaged in, and it will not engage in, any commercial business until consummation of its business combination.
A business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital but which desires to establish a public trading market for its shares, while avoiding what it may deem to be adverse consequences of undertaking a public offering itself. |
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