Aames Investment Corporation, a mortgage real estate investment trust, or REIT,
was formed in February 2004 to build and manage a portfolio of high yielding
subprime mortgage loans to offer its stockholders the opportunity for attractive
dividend yields and earnings growth. In November 2004, we completed an initial
public offering, and, concurrently with that offering, a reorganization with
Aames Financial Corporation, formerly our parent company. As a result of the
reorganization, Aames Financial became a wholly owned subsidiary of ours. Aames
Financial is a fifty-year old mortgage banking company focused primarily on
originating, selling and servicing mortgage loans through both wholesale and
retail channels under the name “Aames Home Loan.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2005%2f03%2f31%2f0001193125-05-066826.html#FIS_BUSINESS"