Index William Lyon Homes, Inc. Project list Financial Highlights Dear Lyon Stockholder Report of Independent Auditors Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Stockholders' Equity Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Management's Discussion and Analysis... Board of Directors Corporate Information and Corporate Officers Market Information     

As of February 16, 2001, there were approximately 2,157 beneficial owners of the Company's Common Stock and the closing price for the Company's Common Stock as reported on the NYSE was $9.00.

The Company has not paid any cash dividends on its Common Stock to date and expects that for the foreseeable future it will follow a policy of retaining earnings in order to help finance its business. In addition, the Company's principal financial agreements currently prohibit the payment of dividends. See "Management's Discussion and Analysis of Financial Condition and Results of Operations" and Note 8 of "Notes to Consolidated Financial Statements."