8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 24, 2007

HANOVER CAPITAL MORTGAGE HOLDINGS, INC.

(Exact name of Registrant as Specified in its Charter)

Maryland	001-13417	13-3950486
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

200 Metroplex Drive, Suite 100, Edison, New Jersey 08817
(Address of Principal Executive Offices)

Registrant’s telephone number, including area code (732) 548-0101

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	SECTION 8 — OTHER EVENTS
	ITEM 8.01 OTHER EVENTS
	SECTION 9 — FINANCIAL STATEMENTS AND EXHIBITS
	ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURE
EX-99.1 PRESS RELEASE DATED JANUARY 24, 2007

SECTION 8 — OTHER EVENTS

ITEM 8.01 OTHER EVENTS

On January 24, 2007, Hanover Capital Mortgage Holdings, Inc. (the “Company”) issued a press release announcing information about the classification of dividends for tax reporting purposes for the year 2006.

A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

SECTION 9 — FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d)	Exhibits.
99.1	Press Release, dated January 24, 2007.

[signature on following page]

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HANOVER CAPITAL MORTGAGE HOLDINGS, INC.
Date: January 25, 2007	By:	/s/ Harold F. McElraft
		Harold F. McElraft, Chief Financial
		Officer and Treasurer

INDEX TO EXHIBITS

EXHIBIT NO.	DESCRIPTION
Exhibit 99.1	Press Release, dated January 24, 2007.

EX-99.1

Exhibit 99.1

HANOVER CAPITAL MORTGAGE HOLDINGS, INC. ANNOUNCES
DIVIDEND TAX INFORMATION FOR 2006

Edison, New Jersey, January 24, 2007 - Hanover Capital Mortgage Holdings, Inc. (AMEX: HCM) announced information about the classification of dividends for tax reporting purposes for the year 2006.

The table below provides tax information for each of Hanover’s common stock dividends for 2006.

Common Stock (AMEX: HCM) (CUSIP 410761100)

		Per Share Amounts
				Long term
		Ordinary		Capital		Return of
Dividend Record Date	Dividend Payable Date	Dividends		Gains		Capital		Total
May 22, 2006	June 2, 2006	$	0.030523	$	0.000000	$	0.169477	$	0.200000
August 21, 2006	September 5, 2006		0.030523		0.000000		0.169477		0.200000
November 22, 2006	December 8, 2006		0.022892		0.000000		0.127108		0.150000
December 26, 2006	January 12, 2007		0.022892		0.000000		0.127108		0.150000
Total for 2006		$	0.106830	$	0.000000	$	0.593170	$	0.700000

The dividend paid on January 12, 2007, is considered 2006 income to recipients.
No “Qualifying Dividends” are included in distributions.
No Long-term Capital Gains.

For shareholders that are corporations, Hanover’s dividends are not generally eligible for the corporate dividends-received deduction. No portion of Hanover’s 2006 common stock dividends consisted of “excess inclusion” income subject to the specialized tax reporting and other rules applicable to such income.

Hanover Capital Mortgage Holdings, Inc. is a mortgage REIT staffed by seasoned mortgage capital markets professionals. HCM invests in mortgage-backed securities and mortgage loans. For further information, visit HCM’s Web site at www.hanovercapitalholdings.com.

Certain statements in this press release may constitute “forward-looking” statements as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. HCM is including this cautionary statement to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical fact are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements, to differ materially from future results, performance or achievements. The forward-looking statements are based on HCM’s current belief, intentions and expectations. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties that are described in Item 1A of HCM’s Annual Report on Form 10-K for the year ended December 31, 2005 and in other securities filings by HCM. HCM’s future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The forward-looking statements contained in this press release are made only as of the date hereof and HCM undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, subsequent events or circumstances or otherwise, unless otherwise required by law.

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