COLUMBIA, Md., Sept. 15 /PRNewswire-FirstCall/ -- Fieldstone Investment Corporation (Nasdaq: FICC) announced today that its Board of Directors has declared a quarterly cash dividend of $0.34 per share for the quarter ended September 30, 2006 . The dividend will be paid on October 27, 2006 to stockholders of record at the close of business on September 29, 2006 . The common stock will begin trading ex-dividend on September 27, 2006 .

About Fieldstone Investment Corporation

Fieldstone Investment Corporation owns and manages a portfolio of non- conforming mortgage loans originated primarily by its mortgage origination subsidiary, Fieldstone Mortgage Company, and has elected to be a real estate investment trust for federal income tax purposes. Founded in 1995, Fieldstone Mortgage Company is a nationwide residential mortgage banking company that originates non-conforming and conforming residential mortgage loans through independent mortgage brokers serviced by regional wholesale operations centers and a network of retail branch offices located throughout the country. Fieldstone is headquartered in Columbia, Maryland.

To find out more about Fieldstone, please visit www.FieldstoneInvestment.com.

SOURCE Fieldstone Investment Corporation