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Dividends


Summary of FBR's Dividend Reinvestment and Cash Purchase Plan
Dividend Reinvestment and Share Purchase Plan Prospectus
Dividend Reinvestment Enrollment Application Form
Stock Purchase Plan Automatic Monthly Deductions Form

Friedman, Billings, Ramsey Group, Inc.
(NYSE: FBR)
2007 Dividend Information


Record Date
Payable Date Income / Ordinary Dividends (taxable) Short-Term Capital Gains (ord tax rates) Qualified Dividends (up to 15% rate) Long-Term Capital Gains
(up to 15% rate)
Return of Capital (nontaxable) 2007 Distribution Per Share
12/13/200601/31/20070.00%0%0.00%0%100.00%$0.05
03/21/200704/30/20070.00%0%0.00%0% 100.00%$0.05
06/19/200707/31/20070.00%0%0.00%0% 100.00%$0.05
09/28/200710/31/20070.00%0%0.00%0%100.00%$0.05
              

Supplemental Information:

FBR shareholders should receive IRS Form 1099-DIV containing this information from their brokers, transfer agents or other institutions.

Shareholders are encouraged to consult with their own personal tax advisor regarding the specific federal, state, local, foreign and other tax consequences regarding ownership of shares and the specific tax treatment of FBR distributions.


Dividend Summary for ticker FBR Friedman, Billings, Ramsey Group, Inc.

DeclaredRecordPayableAmountType
09/17/0709/28/0710/31/07$0.05Regular Cash
06/19/0706/29/0707/31/07$0.05Regular Cash
03/21/0703/30/0704/30/07$0.05Regular Cash
12/13/0612/29/0601/31/07$0.05Regular Cash
09/13/0609/29/0610/31/06 $0.05Regular Cash
06/08/0606/30/0607/28/06 $0.20 Regular Cash
03/15/0603/31/0604/28/06 $0.20 Regular Cash
12/07/05 12/30/0501/31/06 $0.20 Regular Cash
09/13/05 09/30/05 10/31/05 $0.34 Regular Cash
06/09/05 06/30/05 07/29/05 $0.34 Regular Cash
03/17/05 03/31/05 04/29/05 $0.34 Regular Cash
12/09/04 12/31/04 01/28/05 $0.05 Special Cash
12/09/04 12/31/04 01/28/05 $0.34 Regular Cash
09/09/04 09/30/04 10/29/04 $0.34 Regular Cash
06/10/04 06/30/04 07/30/04 $0.34 Regular Cash
06/10/04 06/30/04 07/30/04 $0.12 Special Cash
03/10/04 03/31/04 04/30/04 $0.34 Regular Cash
12/11/03 12/31/03 01/30/04 $0.34 Regular Cash
09/10/03 09/30/03 10/31/03 $0.34 Regular Cash
06/12/03 07/01/03 07/31/03 $0.34 Regular Cash
04/01/03 04/15/03 04/30/03 $0.34 Regular Cash