LAS VEGAS, Feb. 23, 2006 (PRIMEZONE) -- Vestin Mortgage, Inc. today announced that its proposal to convert Vestin Fund II into a Real Estate Investment Trust, Vestin Realty Trust II, was approved by a majority of Vestin Fund II unit holders. The final vote was 17,994,826 million, or 60.41 percent in favor of the conversion, and 8,619,846 million, or 28.94 percent against, with 204,881, or 0.69 percent.
The company said that it has applied to list Vestin Realty Trust II on the Nasdaq National Market System and has reserved the symbol VTRB.