Centerline Holding Co (fka CLNH)

[hang ten]

Aquaspin, seems like a lot of shares outstanding now..? Not sure if i like it..

from the latest Scedule 13:
*The calculations in this Schedule 13D are based on the Issuer’s advice to the Reporting Persons that, immediately after the October 6, 2010 Annual Meeting of Shareholders of the Issuer (the “Annual Meeting”), 348,301,622 common shares of beneficial interest (“Common Shares”) of the Issuer were outstanding.


From the latest Form 4:
1. The Special Series A Shares were converted into Common Shares at the rate of 15 for 1 automatically upon approval by the shareholders of the Issuer of an amendment to the Issuer's Restated Trust Agreement to increase the number of Common Shares authorized for issuance to 800,000,000, which approval was obtained on October 6, 2010

[aquaspin]

What is your take on CLNH? Seems like it has some potential IMO.

[hang ten]

Item 1.01. Entry into a Material Definitive Agreement.


On October 4 2010, Centerline Mortgage Capital Inc. and Centerline Mortgage Partners Inc. (collectively, the “Borrowers”), each of which is a subsidiary of Centerline Holding Company (the “Registrant”), entered into a Third Amended and Restated Warehousing Credit and Security Agreement (the “Agreement”) with Bank of America, N.A. (the “Lender”), and Bank of America N.A. as the agent for the Lender. Pursuant to the Agreement, the Companies may borrow up to $100,000,000. The Companies will use advances under the Agreement to fund the origination of certain types of eligible loans described in the Agreement, including loans originated on behalf of Fannie Mae, Freddie Mac and certain FHA programs, with such advances bearing interest at a rate of 250 basis points per annum over monthly LIBOR. The Lender's commitments under the Agreement terminate and any outstanding advances are due on September 26, 2011. The Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The foregoing description of the Agreement is qualified in its entirety by reference to the full text of such agreement.

[emailjanum]

Why the sell off?

[Major_Bankz]

CLNH nice close @ $0.35 . I'm not done accumulating this one.

[HGS]

CLNH was one of the stocks picked up on our scanner. This stock came up on Monday based on the volume increase. And on Tuesday the stock opened at $0.26 and hit a low of $0.24, which was just below the previous closing price and created a strong buy signal. CLNH managed to rally to a high of $0.45 and closed modestly lower at $0.44. This is a good example of how this scanner can perform.

[Major_Bankz]

this one is just getting started. more to come.

[Major_Bankz]

up 76% and not many post on this board.

[Major_Bankz]

CLNH nice close @ 0.44

[hang ten]

hi aquaspin, thanks for the heads up on the pr. looks good for them; haven't looked at this for awhile:) cheers

[aquaspin]

I think the stock will break out on a .25 break IMO

[the thrill]

Stock finished real strong looking for a 2 day run here might be a morning gapper IMO

[aquaspin]

Interesting CLNH news:

Centerline Capital Group Completes Comprehensive Restructuring
Date : 03/08/2010 @ 10:25AM
Source : Business Wire
Stock : Centerline Capital Group (CLNH)
Quote : 0.195 0.025 (14.71%) @ 8:45AM


Centerline Capital Group Completes Comprehensive Restructuring
Centerline Capital Group (“Centerline”), a real estate asset management and financial services firm and subsidiary of Centerline Holding Company (the “Company”), announced today it closed a series of transactions with Island Capital Group LLC (“Island Capital”) and the Company’s creditors and preferred shareholders. The transactions, which eliminated approximately $1.6 billion of aggregate liabilities and contingent exposure and provided over $100 million of new equity, restore Centerline to financial stability by restructuring substantially all of its outstanding debt. Centerline also sold its real estate debt fund management and commercial mortgage loan special servicing business to an Island Capital affiliate, C-III Capital Partners LLC (“C-III”), and recapitalized the majority of the outstanding equity interests in the Company.

Centerline retains and will continue to operate its core businesses: Low-Income Housing Tax Credit (LIHTC) origination, asset management, and affordable and conventional multifamily lending, principally as an agency, or Government-Sponsored Enterprise (GSE), lender.

Centerline has entered into an advisory agreement with an affiliate of Anubis Advisors (“Anubis”), a wholly-owned subsidiary of Island Capital. Anubis will provide strategic, restructuring, and general advisory services to Centerline.

Island Capital was founded and is controlled by Andrew L. Farkas, who also founded Insignia Financial Group, Inc. (“Insignia’), which grew to one of the world’s largest commercial real estate owners and operators by the time of its sale in 2003.

Centerline remains a public company (OTC: CLNH); however, the nature and composition of the equity interests in the Company have changed. C-III, the Island Capital affiliate, is now the largest holder of common share equivalents with approximately 40 percent of the outstanding common equivalents. Common Shareholders prior to the transactions retain approximately 20 percent of the outstanding common share equivalents. Essentially all Centerline Community Reinvestment Act (CRA) and other preferred shares have been exchanged for common share equivalents and now represent about 35 percent of the outstanding common share equivalents. The Company issued shares representing approximately 5 percent of the outstanding common equivalents to Natixis Financial Products. In total, $341.2 million of liquidation and redemption value preferred shares were exchanged for common share equivalents in Centerline Holding Company.

As a result of the transactions, the Company amended and restated its corporate credit agreement, reducing its debt from approximately $208 million to $137.5 million and extending the term seven years. The amended credit agreement contains financial and other covenants that are typical for a financially sound borrower.

Centerline sold its debt fund management and servicing business for consideration of $110 million, consisting of $50 million in cash and $60 million in assumed senior debt. The Related Companies, a former affiliate of Centerline controlled by Stephen M. Ross, the former Chairman of Centerline’s Board of Trustees, assumed $5 million of the pre-transaction debt. Centerline also used a portion of sale proceeds to fund discounted payoffs of approximately $116.3 million in face amount of unsecured liabilities and claims. Finally, Centerline entered into transactions with affiliates of Merrill Lynch and Natixis Financial Products that eliminated Centerline’s contingent liabilities in connection with more than $800 million of credit default swaps associated with certain guaranteed LIHTC funds. The recapitalization and restructuring now positions Centerline among the most financially stable companies in the real estate finance and asset management industries.

The transactions were structured to preserve Centerline’s existing net operating loss (NOL) carryover, which may be considered a potentially valuable asset since it allows current losses to be deducted against future earnings to reduce tax liabilities.

According to Marc D. Schnitzer, President and CEO, “We have worked closely with Andrew Farkas and the Island Capital team for many months to make this transaction happen. We believe Island Capital — with its historical track record of vision and growth — is the ideal financial and leadership partner to allow Centerline to refocus on our traditional core businesses. We are now ready to recapture our position as an industry leader and increase our market share. This is a positive transaction for both Island Capital and Centerline and demonstrates belief in the strength of our platform by one of the industry’s most savvy players.”

Centerline has been one of the largest syndicators of Low-Income Housing Tax Credits, with $9.3 billion of investor equity under management. It provides asset management services to approximately 1,500 affordable multifamily properties. Centerline’s agency lending platform has originated and services in excess of $9 billion of mortgage loans. Centerline anticipates that Anubis, the Island-controlled external advisor, will assist in the acquisition of other companies in ancillary or complementary businesses. Such activities may include the acquisition and/or creation of additional asset management companies, controlling interests in real estate limited partnerships and similar investment vehicles, other agency lenders, and an affordable housing property management business.

“The reduction in Centerline liabilities delivers value to all our constituents,” added Mr. Schnitzer. “Closing a transaction of this complexity is a tremendous accomplishment. It restores confidence in those who currently engage in business with us and opens the door for others to invest in new opportunities with a company that has a manageable debt structure in a pervasively distressed economic environment. We enthusiastically look forward to healthy growth and a long future.”

The transactions were approved by an independent oversight committee of the Board of Trustees, formed to oversee the strategic alternatives review process.

[MONEYMADE]

Thanks! Well they didn't file ch11 that's great,,,but terrible numbers. Will analyze tonight

[AKAPAK]

Ask and you will receive: NEWS

http://ih.advfn.com/p.php?pid=nmona&article=40335505&symbol=CLNH

What do you think of it?

[MONEYMADE]

NEED some news here....wake the baby

[AliAngel]

I agree at the twenty it should take a nice jump here.

[MONEYMADE]

I'm thinking we should

[di4]

Should I be?

[MONEYMADE]

Is it time to buy this one.

[MONEYMADE]

,,,,,,,Anybody home?

[afxm]

Yep...seems to be in rally mode. gltu, afxm

[aquaspin]

On decent volume too. Looks like it might try and run to the mid .40's in the next few trading days.

[afxm]

Good day for Centerline

[AliAngel]

Thanks for the news posting D.

[di4]

Centerline Holding Company Announces Stephen Ross and Jeff Blau Resign from its Board of Trustees
Jun 4, 2009 6:24:00 AM
Copyright Business Wire 2009


Email Story Discuss on ZenoBank

View Additional ProfilesNEW YORK--(BUSINESS WIRE)-- Centerline Holding Company (OTCBB:CLNH) ("Centerline" or the "Company"), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today confirmed that Stephen M. Ross, Non-executive Chairman of the Board of Centerline and Chairman and CEO of Related Companies ("Related"), and Jeff T. Blau, a Centerline Managing Trustee and President of Related, have resigned their respective Centerline board positions effective immediately.

As stated in a 13D filing with the Securities and Exchange Commission ("SEC") filed by Related Special Assets LLC, an affiliate of Related: Messrs. Ross and Blau have resigned as Managing Trustees of the Issuer [Centerline Holding Company], effective June 3, 2009, because they, or companies with which they are affiliated, intend to explore potential transactions in the financial services industry involving other companies that could be competitive with the Issuer and /or involve the Issuer, including an extraordinary transaction with the Issuer, whether by acquisition of all or some of the Issuer's assets and /or liabilities or otherwise.

Mr. Ross's and Mr. Blau's resignations from Centerline's board address certain potential conflicts of interest should Related choose to explore transactions in the financial services industry that may, or may not, involve Centerline. Related has made no statements nor has it indicated to the Company whether it intends to carry out any such transaction. Related remains the largest Centerline shareholder and a significant client of the Company's services.

Prior to Related's 13D filing, Centerline had retained a financial advisory firm to assist it in evaluating opportunities to strengthen the Company's financial position and attract new capital. "As stated in our most recent 10Q filing, we are a cash-flow-positive company," said Marc D. Schnitzer, CEO and President of Centerline Capital Group. "We continue to de-lever our balance sheet and seek opportunities to grow our business."

About Centerline Capital Group

Centerline Capital Group, a subsidiary of Centerline Holding Company (OTCBB:CLNH), provides real estate financial and asset management services, including institutional debt and equity fund management, mortgage banking and primary and special loan servicing. As of March 31, 2009, Centerline had more than $14.3 billion of assets under management. Centerline is headquartered in New York, New York and has eight offices throughout the United States. For more information, please visit Centerline's website at http://www.centerline.com or contact Elizabeth Haukaas at 212.521.6453.

Certain statements in this document may constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Other risks and uncertainties are detailed in Centerline Holding Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, and include, among others, business limitations caused by adverse changes in real estate and credit markets and general economic and business conditions; risks related to the form and structure of our financing arrangements; our ability to generate new income sources, raise capital for investment funds and maintain business relationships with providers and users of capital; changes in applicable laws and regulations; our tax treatment, the tax treatment of our subsidiaries and the tax treatment of our investments; competition with other companies; risk of loss from direct and indirect investments in commercial mortgage-backed securities ("CMBS") and collateralized debt obligations ("CDOs") and mortgage revenue bonds; risk of loss under mortgage banking loss sharing agreements; risks associated with providing credit intermediation; and risks associated with enforcement by our creditors of any rights or remedies which they may possess. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. Centerline Holding Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Centerline Holding Company's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.




Source: Centerline Holding Company


----------------------------------------------
Centerline Capital Group
Elizabeth Haukaas
212-521-6453

[hang ten]

Centerline Capital Group Closes Two Low-income Housing Tax-credit Funds for $70MM to Finance Production and Preservation of 615 Units

NEW YORK, May 20, 2009 (BUSINESS WIRE) -- Centerline Capital Group ("Centerline" or the "Company"), a subsidiary of Centerline Holding Company (CLNH) and a provider of real estate financial and asset management services, today announced it closed two proprietary low-income housing tax-credit (LIHTC) funds to raise approximately $70 million of gross equity.

The equity proceeds are intended to finance the production or preservation of eight affordable multifamily housing developments, containing 615 units of affordable housing. Centerline's affordable housing transaction team led by Andrew J. Weil, Executive Managing Director of the Affordable Housing Group, acknowledges the capital markets have been constrained for well over a year, and raising money in the current environment, especially in the tax credit arena, has been difficult.

"Raising two new investment funds speaks to investor confidence in Centerline's ability to raise capital and find opportunities that still exist in the tax-credit housing market," said Mr. Weil. The eight properties designated to receive equity proceeds from the two investment funds include four located in Southern California, one near Philadelphia, one on the Gulf Coast, one in central Pennsylvania, and one in Virginia. All five geographic regions where the properties are located exhibit stresses in their single-family housing markets, where, as foreclosures increase, the need for adequate affordable multifamily housing increases.

The LIHTC Program was created as part of the Tax Reform Act of 1986 and is widely considered one of the most successful housing programs ever established, creating over 2 million affordable housing units since its inception. Part of its success is based on its public-private partnership between investors who gain tax benefits from investing in low-income housing and the state agencies that allocate the tax credits. Since inception of the LIHTC Program, Centerline-sponsored LIHTC funds have raised more than $9.8 billion of gross equity from third-party investors to support production of affordable multifamily housing.

[hang ten]

Centerline Holding Company Reports First Quarter 2009 Financial Results

NEW YORK, May 15, 2009 (BUSINESS WIRE) -- Centerline Holding Company (CLNH) ("Centerline" or the "Company"), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today announced financial results for the first quarter ended March 31, 2009.

First Quarter 2009 Highlights: -- For the three months ended March 31, 2009, the Company reported a net loss attributable to Centerline shareholders(1) of ($0.62) per share, as compared to a net loss of ($0.75) per share for the three months ended March 31, 2008; earnings per share ("EPS")(1), excluding certain non-cash items, was ($0.20) for the three months ended March 31, 2009, as compared to EPS, excluding certain non-cash items of ($0.15), for the three months ended March 31, 2008; -- Cash flow from operations, excluding investments in mortgage loans held for sale, was $5.6 million for the three months ended March 31, 2009; -- Net loss was driven primarily by lower business volume and lower interest income in the first quarter 2009, as compared to the same period in 2008, and impairment of investments; -- Centerline paid down the outstanding balance of its senior credit facility debt by $32.1 million to $264.8 million, from 2008 year-end levels of $296.9 million and repaid $3.8 million of the $13.8 million commercial mortgage-backed securities ("CMBS") term loan balance outstanding as of December 31, 2008. Since March 31, 2009 through the date of this press release, Centerline has paid down an additional $21.0 million of its senior credit facility debt; -- Centerline had direct assets under management ("AUM")(2) of more than $14.3 billion as of March 31, 2009; -- Centerline originated $88.4 million of multifamily loans on behalf of Fannie Mae and Freddie Mac in the first quarter of 2009, and raised $38.4 million of capital for Affordable Housing tax-credit funds. In April 2009, it originated $61.8 million of additional multifamily loans and closed an additional $110.3 million of multifamily loans awaiting settlement on behalf of Fannie Mae and Freddie Mac; -- The Company maintained strong credit performance in its Fannie Mae and Freddie Mac servicing portfolio; at March 31, 2009, only six loans, with an outstanding balance of $32.5 million, were delinquent, representing 0.37% of its $8.8 billion agency servicing portfolio; -- Centerline's credit performance in its CMBS special servicing portfolio continued to outperform the market. As of March 31, 2009, Centerline was the named special servicer on a portfolio of $112.3 billion. At that date, $1.9 billion (or 1.71% of the portfolio) was delinquent, compared to an industry average of 1.98%, as reported by Trepp; and -- The Company launched a new business venture, Centerline Real Estate Solutions LLC, established to provide asset management and special servicing, including construction and development monitoring and administration, for third-party owners of commercial real estate loan portfolios outside the CMBS arena. (1) See "Selected Financial Data" for a reconciliation of GAAP net income (loss) attributable to Centerline Holding Company shareholders to EPS (excluding certain non-cash items). (2) See AUM table and footnotes. Financial Results The table below summarizes Centerline's financial results for the three months ended March 31, 2009:
Three Months Ended March 31,(in thousands, except per share data) 2009 2008Revenues $ 112,737 $ 134,187Revenues as adjusted(1) $ 51,134 $ 66,209Expenses $ 321,075 $ 163,137Expenses as adjusted(1) $ 79,871 $ 95,699Other items $ (120,019 ) $ (101,178 )Other items as adjusted(1) $ (5,880 ) $ 299Income tax provision $ (115 ) $ (1,049 )Net Loss Attributable to Centerline Shareholders $ (26,948 ) $ (21,639 )Net Loss Attributable Centerline Shareholders (excluding certain $ (6,173 ) $ (2,489 )non-cash items)(2)Per Share Data (diluted):Net Loss Attributable to Centerline Shareholders $ (0.62 ) $ (0.75 )EPS (excluding certain non-cash items)(2) $ (0.20 ) $ (0.15 )(1) Adjusted to exclude Consolidated Partnerships. See "Adjusted Revenues" and "Selected Financial Data" for a discussion of the use of Adjusted Revenues. (2) See "Selected Financial Data" for a reconciliation of GAAP net income (loss) attributable to Centerline Holding Company Shareholders to EPS (excluding non-cash items).

[hang ten]

Weekly's giving a good signal imo.

[AliAngel]

Yes sir it is primed and awaitin on the runway. They also uplisted now to the otcbb board also.

[hang ten]

Chart looks good with that volume bar:)

[AliAngel]

Yes sir I have a feelin it has to do with the 10k coming.

[aquaspin]

Nice move here today!

[AliAngel]

UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549

FORM
12b-25

NOTIFICATION
OF LATE FILING


SEC FILE NUMBER



(Check One): |_| Form 10-K |_| Form 20-F |_| Form 11-K | X | Form 10-Q |_| Form 10-D |_| Form N-SAR|_| Form N-CSR CUSIP NUMBER



For Period Ended: March 31, 2009



|_| Transition Report on Form 10-K |_| Transition Report on Form 20-F |_| Transition Report on Form 11-K |_| Transition Report on Form 10-Q |_| Transition Report on Form N-SAR



For the Transition Period Ended:



Read Instruction (on back page) Before Preparing Form. Please Print or Type.Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.



If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:



PART I — REGISTRANT INFORMATION CENTERLINE HOLDING COMPANY Full Name of Registrant CHARTERMAC Former Name if Applicable 625 MADISON AVENUE Address of Principal Executive Office (Street and Number) NEW YORK, NEW YORK 10022 City, State and Zip Code



PART
II — RULES 12b-25(b) AND (c)

If the
subject report could not be filed without unreasonable effort or expense and the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)


ý (a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; (b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and (c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.



PART
III — NARRATIVE

State
below in reasonable detail the reasons why Forms 10-K, 20F, 11-K, 10-Q, 10-D,
N-SAR, N-CSR, or the transition report or portion thereof, could not be filed
within the prescribed time period.

Recent
market events continue to impact several of Centerline's businesses.
Centerline will require additional time to file the Form 10-Q for the quarter
ended March 31, 2009, in order to finalize the valuation and recording of
certain investments.










--------------------------------------------------------------------------------







PART
IV — OTHER INFORMATION


(1) Name and telephone number of person to contact in regard to this notification



ROBERT L. LEVY 212 317-5700 (Name) (Area Code) (Telephone Number)



(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). ý Yes ¨ No (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ¨ Yes ý No If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.



CENTERLINE HOLDING COMPANY (Name of Registrant as Specified in Charter)


has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.


Date May 11, 2009 By /s/ Robert L. Levy


INSTRUCTION: The
form may be signed by an executive officer of the registrant or by any other
duly authorized representative. The name and title of the person signing the
form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.


ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

[AliAngel]

CLNH up to .46 today weeeeee

[afxm]

lol..that is little bit wordy don't you think. Thanks for your promotion. I reworked afxmWatch and put links to octbb alerts and this board. Good luck, Take care, and Keep on truckin'
afxm

[hang ten]

Centerline has fallen off my radar recently but I'll definitely be giving it more attention...

Cheers:)

[aquaspin]

I wonder what the Q1 numbers will be like. Here are some highlights from Q4 2008:

* Closed an agreement with its bank lenders modifying the Company's corporate debt facilities and extending the maturity date of its term loan to December 31, 2009 and its revolving credit facility to September 30, 2010. Through the date of this news release, $19.2 million of the $68.9 million term loan balance outstanding as of December 31, 2008 has been repaid;
* Expanded direct Assets Under Management (“AUM”) – AUM grew to over $14.0 billion, an increase of 17.6% over the fourth quarter of 2007;

* Originated and delivered nearly $175.0 million of multifamily loans on behalf of Fannie Mae and Freddie Mac, with an additional $47.2 million of multifamily loans originated in the fourth quarter of 2008, closed and scheduled for purchase by Fannie Mae and Freddie Mac in the first quarter of 2009;
* Raised $11.9 million of capital for Affordable Housing tax credit funds;
* Maintained strong credit performance in its Fannie Mae and Freddie Mac servicing portfolio; at December 31, 2008, only three loans with an outstanding balance of $32.8 million were delinquent, representing 0.37% of our $8.8 billion agency servicing portfolio;
* Maintained strong credit in its special servicing portfolio. At December 31, 2008, Centerline was the named special servicer on a portfolio of $113.8 billion. At that date, $973.9 million (or 0.86% of the portfolio) was delinquent, compared to the industry average of 1.16%, as reported by Trepp;
* Recognized a $32.7 million non-cash goodwill impairment charge, a $2.0 million non-cash intangible asset impairment charge and a $15.9 million non-cash fixed asset impairment charge; and
* Completed a refinancing of certain CMBS assets held on its balance sheet and repaid an existing repurchase loan facility. With this refinancing, Centerline has no remaining repurchase debt on its balance sheet.

[AliAngel]

To all please check out AXFM's new link for a great job of a non paid board for stock Ideas. He has done a very fine job of putting the Info sight together and Is open to all new ideas and stocks to add. The website is paid for and hosted by AFXM and we all should try to welcome his endeavor and the time he has taken to set this website up. He has posted a Link for the CLNH stock and looks forward to your participation on the website. Great trading to all and super job here today.

To all please check out AXFM's new link for a great job of a non paid board for stock Ideas.

streamer @ http://AFXM.com/AFXMwatch.html

[AliAngel]

Thanks for the link here. Yes we are different Daves and I am going to Sticky note your link here and also on the OTCBB alerts board. This was a great divie paying stock and it will return there soon. To all please check out AXFM's new link for a great job of a non paid board for stock Ideas.

[afxm]

Dave, I added CLNH to the streamer and put the daily chart on the afxmWatch page. When I have more time I will add a link to this board on it. Do you have time to mod the OCNF board. I assume that you and BigWaveDave are different daves. thanks, afxm

[afxm]

Dave, is this the board ? I will add Centerline Holding to the streamer @ http://AFXM.com/AFXMwatch.html
I have to update and expand that page. I am working to have all of the dd pages in the same format as the stem cell and dry bulk shipping pages. I plan to put together seperate dd pages for pinksheets and otc stocks. Working on a dividend stock page now. How about a link in a sticky on this board ?

[hang ten]

Definitely a decent day, I was looking for a spot in the teens again but it looks pretty firm here in the 20's...

[aquaspin]

Not a bad day here today!

[hang ten]

Centerline Holding Company Reaches Preliminary Settlement of Claims in Derivative Litigation

Last update: 4/17/2009 7:00:01 AM
NEW YORK, Apr 17, 2009 (BUSINESS WIRE) --

Centerline Holding Company (CLNH) ("Centerline" or the "Company"), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today announced it has reached a preliminary settlement of claims in the derivative litigation that has been pending in the United States District Court for the Southern District of New York, Carfagno v. Schnitzer, 08 Civ. 912 (SAS) (S.D.N.Y.). Subject to judicial approval, the parties have agreed that the terms of the convertible preferred stock issued by Centerline to an affiliate of The Related Companies, LP ("TRCLP") in January 2008 would be revised so that the dividend rate payable on the convertible preferred shares issued will be reduced from 11 percent annually to 9.5 percent and the conversion price will be increased from $10.75 to $12.35. In exchange, the Carfagno plaintiffs will release all claims brought against Centerline's officers and directors and TRCLP. A proposed stipulation of settlement was filed with the Court on April 8, 2009 and a fairness hearing for approval of the settlement has been scheduled for May 18, 2009 at 5:00 p.m. in the courtroom of U.S. District Judge Shira Sheindlin at 500 Pearl Street, New York, NY 10007. The Carfagno settlement is also contingent upon the dismissal with prejudice of the overlapping Off and Ciszerk actions pending before the Delaware Court of Chancery. Individuals may review the settlement stipulation on the Centerline website investor relations page.

[hang ten]

Centerline and mark to market...

"The Company’s shareholders’ equity declined significantly from $540.6 million at December 31, 2007 to negative $867.5 million at December 31, 2008. The decrease was due primarily to the declining fair values of investments that are marked to market each reporting period, principally held by the funds we manage and consolidated due to FIN46. As the markets for many of these investments have continued the trend begun last year and become less liquid during 2008, the decline in fair value has resulted in significant unrealized losses that reduce shareholders’ equity. "

Any revision of the m2m accounting policies would be significant for CLNH imo.

[hang ten]

Centerline Holding Company Reports Fourth Quarter 2008

Financial Results

NEW YORK--(BUSINESS WIRE)--Mar. 10, 2009-- Centerline Holding Company (OTC:CLNH) (“Centerline” or the “Company”), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today announced financial results for the fourth quarter and twelve months ended December 31, 2008.

Fourth Quarter Highlights:

Reported an adjusted Loss Per Share (“Adjusted EPS”)(a) of ($0.65) for the three months ended December 31, 2008, as compared to Adjusted EPS of ($0.98) for the three months ended December 31, 2007; Adjusted EPS, excluding certain non-cash items, was ($0.04) for the three months ended December 31, 2008, as compared to Adjusted EPS, excluding certain non-cash items of $0.30 for the three months ended December 31, 2007. Net Loss per diluted share was ($1.22) for the three months ended December 31, 2008, as compared to Net Loss per diluted share of ($1.15) for the three months ended December 31, 2007;
Closed an agreement with its bank lenders modifying the Company's corporate debt facilities and extending the maturity date of its term loan to December 31, 2009 and its revolving credit facility to September 30, 2010. Through the date of this news release, $19.2 million of the $68.9 million term loan balance outstanding as of December 31, 2008 has been repaid;
Expanded direct Assets Under Management (“AUM”) – AUM grew to over $14.0 billion, an increase of 17.6% over the fourth quarter of 2007;
Originated and delivered nearly $175.0 million of multifamily loans on behalf of Fannie Mae and Freddie Mac, with an additional $47.2 million of multifamily loans originated in the fourth quarter of 2008, closed and scheduled for purchase by Fannie Mae and Freddie Mac in the first quarter of 2009;
Raised $11.9 million of capital for Affordable Housing tax credit funds;
Maintained strong credit performance in its Fannie Mae and Freddie Mac servicing portfolio; at December 31, 2008, only three loans with an outstanding balance of $32.8 million were delinquent, representing 0.37% of our $8.8 billion agency servicing portfolio;
Maintained strong credit in its special servicing portfolio. At December 31, 2008, Centerline was the named special servicer on a portfolio of $113.8 billion. At that date, $973.9 million (or 0.86% of the portfolio) was delinquent, compared to the industry average of 1.16%, as reported by Trepp;
Recognized a $32.7 million non-cash goodwill impairment charge, a $2.0 million non-cash intangible asset impairment charge and a $15.9 million non-cash fixed asset impairment charge; and
Completed a refinancing of certain CMBS assets held on its balance sheet and repaid an existing repurchase loan facility. With this refinancing, Centerline has no remaining repurchase debt on its balance sheet.
(a) See “Selected Financial Data” for a reconciliation of GAAP net income (loss) to Adjusted EPS.

.....contd...
http://ir.centerline.com/phoenix.zhtml?c=74331&p=irol-newsArticle&ID=1264601&highlight=

[AliAngel]

Hey Steve Got your Message and am thinking the same thing. If you can send me a P>M> with your phone number. thanks Dave

[hang ten]

Not much to write home about right now... Looking forward to the next 10Q as a hint of what's going on.

[hang ten]

IMO, no follow through vol above the 50sma; broader market bad news may not be helping... Does anybody knwo when they'll report the quarter/ looking for an announcement.