American Mortgage Acceptance Company Announces Conference Call to Discuss Second Quarter Financial Results

Management will conduct a conference call to review the Company'sfinancial results at 11:00 a.m. Eastern Time on Tuesday, August 8,2006. Callers will be invited to ask questions. Investors, brokers,analysts, and shareholders wishing to participate should call(800) 946-0713. A webcast of the presentation will be available live and can be accessed through the Company's website,http://www.americanmortgageco.com. To listen to the presentation via webcast, please go to the website's "Investor Relations" section at least 15 minutes prior to the start of the presentation. For interested individuals unable to join the conference call, a replay ofthe call will be available through Saturday, August 12, 2006 at (888) 203-1112 (Passcode 4068717) or on our website, http://www.americanmortgageco.com, through Tuesday, September 5, 2006.

About the Company

AMAC is a real estate investment trust that specializes inmultifamily and commercial real estate finance. AMAC originates andacquires first mortgage loans, mezzanine loans, bridge loans, andgovernment-insured first mortgages secured by properties throughoutthe United States. For more information, please visit our website athttp://www.americanmortgageco.com or contact the Shareholder ServicesDepartment directly at (800) 831-4826.

Certain statements in this document may constitute forward-lookingstatements within the meaning of the "safe harbor" provisions of thePrivate Securities Litigation Reform Act of 1995. These statements arebased on management's current expectations and beliefs and are subjectto a number of factors and uncertainties that could cause actualresults to differ materially from those described in theforward-looking statements. These risks and uncertainties are detailedin AMAC's most recent Annual Report on Form 10-K and in its otherfilings with the Securities and Exchange Commission. Suchforward-looking statements speak only as of the date of this document.AMAC expressly disclaims any obligation or undertaking to releasepublicly any updates or revisions to any forward-looking statementscontained herein to reflect any change in AMAC's expectations withregard thereto or change in events, conditions, or circumstances onwhich any such statement is based.