Three Months Ended September 30,		Year Ended September 30,
	1998	1997	1998	1997
Revenues	$25,952	$12,327	$87,467	$32,945
Costs and Expenses	12,249	7,640	46,727	18,014
Income Before Income Taxes and Extraordinary Item	13,703	4,687	40,740	14,931
Provision for Income Taxes	4,968	1,486	13,368	3,980
Income Before Extraordinary Item	8,735	3,201	27,372	10,951
Extraordinary Item, net gain on early extinguishment of debt, net of taxes of $112	239	--	239	--
Net Income	$8,974	$3,201	$27,611	$10,951
Net Income per Common Share-diluted before extraordinary item	$0.42	$0.22	$1.59	$0.84
Net Income per Common Share-diluted	$0.43	$0.22	$1.60	$0.84
Weighed Average Common Shares	20,769	14,450	17,268	13,074

Other Highlights of the Fourth Fiscal Quarter:

• During the fourth quarter of fiscal 1998, assets under management for the Company increased to $940.4 million, an increase of $217.4 million (30%).
• The Company's return on stockholders' equity increased to 12.5% for the fiscal quarter ended September 30, 2021 as compared to 5.2% for the fiscal quarter ended September 30, 1997, an increase of 140%.

• Commercial real estate finance revenues increased by $10.1 million to $17.8 million in the fourth quarter of fiscal 1998 an increase of 131% from the fourth quarter of fiscal 1997.
• The Company invested $125.0 million and $343.3 million in commercial mortgage loans during the fiscal quarter and year ended September 30, 1998, as compared to $34.7 million and $73.6 million during the fiscal quarter and year ended September 30, 1997.
• During the fourth quarter of fiscal 1998, the face value of the Company's commercial mortgage loans increased by $171.0 million to $665.8 million an increase of 35%. This increase of $171.0 million relates to the acquisition of mortgages on three properties. These properties include a commercial office building in Baltimore, Maryland and two multi-family housing properties in Chicago, Illinois.
• The yield on the Company's net investment in commercial mortgage loans was 38% and 42% for the fiscal quarter ended September 30, 2021 and 1997, respectively.

• During the fourth quarter of fiscal 1998, equipment leasing revenues increased by $1.2 million to $3.6 million, an increase of 48% from the fourth quarter of fiscal 1997.
• During the fourth quarter of fiscal 1998, lease originations by the Company's small ticket leasing business increased to 2,932 leases at a cost of $32.3 million, as compared to 1,055 lease originations having a cost of $13.3 million in the fourth quarter of fiscal 1997. The increase in the number of lease originations and costs were 178% and 142% respectively.
• During the fourth quarter of fiscal 1998, equipment leases under management increased $64.5 million to $170.7 million, an increase of 61% from the fourth quarter of fiscal 1997.

Results of Operations: Real Estate Finance (unaudited)

The following table sets forth certain information relating to the revenue recognized in the Company's real estate finance operations during the periods indicated:

		Three Months Ended September 30,		Year Ended September 30,
		1998	1997	1998	1997
Revenues: in thousands)
Commercial mortgage loan acquisition and resolution:
	Interest	$ 5,002	$1,289	$13,179	$4,877
	Accreted discount	648	1,521	6,520	4,124
	Fees	854	1,135	5,939	2,556
	Gains on refinancings, sales of senior lien interests and loans	11,272	3,751	30,196	7,587
		17,776	7,696	55,834	19,144
Residential mortgage lending:
	Gains on sales of residential mortgage loans	600	--	4,273	--
	Interest	295	--	876	--
	Fees	377	--	1,873	--
		1,272	--	7,022	--
		$19,048 =======	$7,696 ======	$62,856 =======	$19,144 =======

The following table sets forth certain information relating to costs and expenses incurred in the Company's real estate finance operations during the periods indicated:

		Three Months Ended September 30,		Year Ended September 30,
		1998	1997	1998	1997
Costs and Expenses: (in thousands)
	Commercial mortgage loan acquisition and resolution	$599	$162	$1,801	$1,069
	Residential mortgage lending	2,885	--	9,311	--
		$3,484 ======	$162 ====	$11,112 =======	$1,069 ======

Results of Operations: Equipment Leasing (unaudited)

The following table sets forth certain information relating to the revenue recognized in the Company's equipment leasing operations during the periods indicated:

		Three Months Ended September 30,		Year Ended September 30,
		1998	1997	1998	1997
Revenues: (in thousands)
	Small ticket leasing
	Gains on sale of leases	$2,084	$1,580	$7,598	$3,711
	Interest and fees	1,108	461	3,481	1,081
	Partnership management	295	375	1,693	1,713
	Lease finance placement and advisory services	89	3	789	657
		$3,576 ======	$2,419 ======	$13,561 =======	$7,162 ======

The following table sets forth certain information relating to costs and expenses incurred in the Company's equipment leasing operations during the periods indicated:

		Three Months Ended September 30,		Year Ended September 30,
		1998	1997	1998	1997
Costs and Expenses: (in thousands)
	Small ticket leasing	$1,030	$983	$3,337	$2,051
	Partnership management	226	45	1,264	1,243
	Lease finance placement and advisory services	104	32	662	528
		$1,360 ======	$1,060 ======	$5,263 ======	$3,822 ======

Results of Operations: Energy (unaudited)

The following table sets forth certain information relating to the revenue recognized in the Company's energy operations during the periods indicated:

			Three Months Ended September 30,		Year Ended September 30,
			1998	1997	1998	1997
Revenues: (in thousands)
	Energy:	Production	$1,388	$1,014	$4,682	$3,936
		Services	475	503	2,052	1,672
			$1,863 ======	$1,517 ======	$6,734 ======	$5,608 ======

The following table sets forth certain information relating to costs and expenses incurred in the Company's energy operations during the periods indicated:

			Three Months Ended September 30,		Year Ended September 30,
			1998	1997	1998	1997
Revenues: (in thousands)
	Energy:	Production	$613	$527	$2,525	$1,823
		Services	254	257	1,136	909
			$867 ====	$784 ====	$3,661 ======	$2,732 ======