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Back in commons at .94 and added some D prefereds!!!
\\\FR kicking butt/// Up $1.64!!!
Very nice gap open!!!
Yes to NY State!!!
And only a 4 min hold time!!!
FR News, NAREIT Investor Forum & UP Pre-market!!!
First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million(PR NewsWire)
First Industrial Realty Trust Declares Preferred Stock Dividends
First Industrial Realty Trust to Present at the 2009 NAREIT Investor Forum
Sorry but I cannot just believe a post on a message board saying they registered in NY while possibly not living there.
I will call when GRDO opens at 9:00AM and ask if i can use their service residing in NY.
I called this morning and their not open till 9:00am and close at 9:OOpm.
"If your registered and your in NY, that sounds good enough for me."
OT
What kind of security operation is closed 12 hours a day???
I live in NY state and it could their trying to protect their residents from fraud!!!
"Anyone know why Guarddog is not available in NY?"
FR NEWS times 2!!! First Industrial Realty Trust Inc.
First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million(PR NewsWire)
First Industrial Realty Trust Declares Preferred Stock Dividends
Bob Barker is nice, (good last name) but that old Pit Bull Dog the Bounty Hunter would be great!!!!
He could plug GRDO on his show WOOF WOOF!!!
Now that would be one of the best choices!!!
FR First Industrial Realty Trust Inc. up in after hours on good news!!!
5:51p First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million(PR NewsWire)
4:27p First Industrial Realty Trust Declares Preferred Stock Dividends
If GRDO where so tight lipped, why did they give you this inside information???
"All I just spoke with IR
There is a PR coming "shortly". The new GRDO Spokesperson will be announced and it is "someone everyone knows". Get ready for some fun!"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38374587
IMO a PR will net triple 000s again,
and most likely will be a has-been in the same class!!!
"I hope it's not Gary Coleman or Peter Brady.
Get someone current and I might be impressed.
FR up nice in after hours!!!
FR First Industrial Realty Trust Closes Three Secured Financings Totaling $154 M
FR First Industrial Realty Trust Declares Preferred Stock Dividends
Sold GCI at $5.00 and bought FR at 4.10!!!
But forgot to post my FR pick last week.
$4.30 with a $4.50 ask!!!
After hours is up aleady
First Industrial Realty Trust Closes Three Secured Financings Totaling $154 Million
Last update: 6/3/2009 5:51:00 PM--Proceeds to Be Used Principally to Reduce Debt, Including Retirement of June 2009 Maturity CHICAGO, June 3, 2009 /PRNewswire-FirstCall via COMTEX/ -- First Industrial Realty Trust, Inc. (FR), a leading provider of industrial real estate supply chain solutions, today announced the closing of three secured financing transactions totaling $154 million. "We are pleased to complete these secured financing transactions, backed by properties in our large, diversified industrial portfolio," said Bruce W. Duncan, president and chief executive officer of First Industrial. "With these proceeds, we will retire our June 2009 maturity, and seek additional opportunities to further reduce leverage." The largest financing was a $77.0 million, 10-year loan with John Hancock Life Insurance Company, secured by 27 properties totaling approximately 2.6 million square feet. The interest rate is fixed at 7.87% over a 30-year amortization schedule. First Industrial also closed on a $62.5 million, seven-year financing with Massachusetts Mutual Life Insurance Company, arranged through its Babson Capital Management LLC investment subsidiary, secured by 23 properties totaling approximately 3.1 million square feet. That loan has a fixed rate of 7.75%, and a 25-year amortization schedule including two years of interest only. In addition, the Company secured a $14.7 million, seven-year loan from American National Insurance Company on a single asset totaling 600,000 square feet. That loan is at a fixed rate of 7.5% over a 25-year amortization schedule. Mr. Duncan added, "Upon the retirement of our June 2009 notes, we have less than $25 million of balance sheet debt maturing prior to March 2011." First Industrial will use the proceeds from the financings principally for the reduction of debt, as well as for other general corporate purposes. The loan-to-value ratio for each of these financings was less than 65%.
First Industrial Realty Trust Declares Preferred Stock Dividends
Last update: 6/3/2009 4:27:00 PMCHICAGO, June 3, 2009 /PRNewswire-FirstCall via COMTEX/ -- First Industrial Realty Trust, Inc. (FR), a leading provider of industrial real estate supply chain solutions, today announced that its board of directors declared a dividend of $0.45313 per depositary share of its 7.25% Series J Cumulative Redeemable Preferred Stock (NYSE: FR-PrJ) for the quarter ending June 30, 2009 payable on June 30, 2009 to stockholders of record on June 15, 2009. Additionally, the board of directors declared a dividend of $0.45313 per depositary share of its 7.25% Series K Cumulative Redeemable Preferred Stock (NYSE: FR-PrK) for the quarter ending June 30, 2009, payable on June 30, 2009 to stockholders of record on June 15, 2009. The board of directors also declared a dividend of $14.9375 per depositary share of its Series F Flexible Cumulative Redeemable Preferred Stock for the quarter ending June 30, 2009 payable on June 30, 2009 to stockholders of record on June 29, 2009. First Industrial Realty Trust, Inc. (FR) provides industrial real estate solutions for every stage of a customer's supply chain, no matter how large or complex. Across major markets in the United States and Canada, our local market experts buy, (re)develop, lease, manage and sell industrial properties, including all of the major facility types - bulk and regional distribution centers, light industrial, manufacturing, and R&D/flex. We continue to receive leading customer service scores from Kingsley Associates, an independent research firm, and in total, we own, manage and have under development 97 million square feet of industrial space. For more information, please visit us at .
And the legal "writ" is very costly to free up shares you would be stuck with no bid!!!
No so free after all!!!
This might stir up some activity with BCIT!!!
And another of your time lines!!!!
GCI held nice with a small gain on a very bad day in the market at $5.04!!!
Sold some AHR at 1.20 and moved into AHR-D for a long term hold!!!
GCI over $5 with 25.8% short interest!!!
Up $.50 yeterday and looking at a short squeeze!!!
GCI cracked $5 and closed near HOD!!!
25.8% short!!!
Short squeeze on its way!!!
This week BKMP will repeat the last 52 weeks,
.0001 .0001 .0001 .0001 .0001 .0001 .0001
I was going to type .0001 52 times, but I think the point was made!!!
Well the good news is, its close to hitting the gap now!!!
Where did you hear this???
"Matt from Ihub is going to court for stock fraud."
Found this link
http://sec.gov/litigation/complaints/2009/comp21053.pdf
I think the dividends will start in 2010, if you look back there was a large gap down around 3/18 and a smaller gap down on 5/13. With this in mind, I am hoping there is no need to fill any gaps below 1.00 now!!!
GCI with their 10th largest short at 25% and first quarter profit please
Shareless!!!
To match what we have left after the RS.
Does it really matter???
As per hays BK, the shares will be wiped out anyway!!!
Form 8-K for ANTHRACITE CAPITAL INC
http://biz.yahoo.com/e/090521/ahr8-k.html
Form 8-K for ANTHRACITE CAPITAL INC
--------------------------------------------------------------------------------
19-May-2009
Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
(a) On May 13, 2009, the Company's Board of Directors amended and restated the Company's bylaws, effective May 13, 2009. The amendments were effected in connection with the Company's restructuring of its secured credit facilities and related to Article III, Article IV and Article XIII of the bylaws. The amendments, among other things, require the unanimous written consent of the Company's independent directors to take certain actions as described below.
The amendments amend and restate Article III, Section 2 to read:
"Section 2. UNAFFILIATED MAJORITY; INDEPENDENT DIRECTORS. A majority of the members of the Board of Directors, or any committee of the Board of Directors, shall at all times after the first annual meeting of stockholders be Unaffiliated Directors. At least one member of the Board of Directors shall at all times be an Independent Director (as hereinafter defined)."
The amendments add Section 22 to Article III:
"Section 22. MATTERS REQUIRING APPROVAL OF INDEPENDENT DIRECTORS. The prior unanimous written consent of all Independent Directors (as defined below) of the Corporation shall be required for the Corporation or a subsidiary thereof to
(a) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect,
(b) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (a),
(c) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Corporation or a subsidiary thereof or for a substantial part of the assets of the Corporation or a subsidiary thereof, (d) file an answer admitting the material allegations of a petition filed against the Corporation or a subsidiary thereof in any such proceeding, (e) make a general assignment for the benefit of creditors or
(f) take any action for the purpose of effecting any of the foregoing.
As used herein, 'Independent Director' means a director meeting the criteria for an 'independent director' as set forth in NYSE, Inc., Listed Company Manual �
303(A) (or such successor regulation or standard); provided that, references to 'the company' therein shall include BlackRock Financial Management, Inc. and its Affiliates."
The amendments delete the chairman of the board and vice chairman of the board from the list of officers of the Company in Article IV, Section 1.
The amendments add a proviso to the end Article XIII. Article XIII, as amended and restated by the amendments, reads:
"ARTICLE XIII
AMENDMENT OF BYLAWS
In accordance with the Corporation's Articles of Incorporation, these Bylaws may be repealed, altered, amended or rescinded by the stockholders of the Corporation only by vote of not less than two-thirds of the outstanding shares of capital stock of the Corporation entitled to vote generally in the election of directors (considered for this purpose as one class) cast at a meeting of the
--------------------------------------------------------------------------------
stockholders called for that purpose (provided that notice of such proposed repeal, alteration, amendment or rescission is included in the notice of such meeting); provided, however, that without the approval of stockholders of the Corporation, the Board of Directors may amend these Bylaws to make any change necessary or, in the opinion of the Board of Directors, advisable to comply with changes in the Code imposing additional or different transfer restrictions on stockholders of any entity seeking to qualify as a REIT. In addition, except as otherwise provided in the Corporation's Articles of Incorporation and in these Bylaws, the Board of Directors may repeal, alter, amend or rescind these Bylaws by vote of a majority of the Board of Directors at a meeting held in accordance with the provisions of these Bylaws; provided, however, that Sections 19 and 20 of Article III hereof may be repealed, altered, amended or rescinded only by a majority of the Unaffiliated Directors; provided further that the last sentence of Section 2 of Article III and all of Section 22 of Article III may be repealed, altered, amended or rescinded only by the unanimous consent of the Independent Directors."
A copy of the Amended and Restated Bylaws of the Company, effective May 13, 2009, is filed as Exhibit 3.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Document
3.1 Amended and Restated Bylaws, effective May 13, 2009
RPT-UPDATE 2-Anthracite amends credit facilities, shares soar
Tue May 19, 2009 6:56am EDT
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(Repeats with no changes to text)
* Extends revolving period to Sept. 30, 2010
* Eliminates all mark-to-market provisions
* Shares jump 88 percent (Updates with analyst comments, adds details)
By Archana Shankar
BANGALORE May 18 (Reuters) - Anthracite Capital Inc (AHR.N) said it amended $365 million of secured credit facilities, extending their maturities to Sept. 30, 2010, and eliminating all mark-to-market provisions, sending its shares up 88 percent.
"The amendment is a near-term positive for them as it gives them some breathing room. The market was concerned that if they didn't extend the lines they would have to wind up the company," analyst Bose George of Keefe, Bruyette & Woods told Reuters.
However, George does not expect to see much improvement for the company until 2010.
The specialty finance company, which received waivers on its covenant breaches twice, had said it would default if it failed to obtain extensions of the waivers from its lenders by May 15. [ID:nBNG484509]
With the amendment, the new interest rate on the facilities will be the greater of 30-day LIBOR plus 3.5 percent or 5.5 percent, the company said.
The outstanding balances under the facilities on May 15 stood at $148.6 million with Bank of America, $70.8 million with Deutsche Bank and $145.9 million with Morgan Stanley.
Anthracite, which is externally managed by a subsidiary of BlackRock Inc (BLK.N), also said the waiver of covenant breach under its secured credit facility with BlackRock Holdco 2 has been extended for 30 days to June 15, 2009.
The analyst said the $60 million credit line was set up by Blackrock last year when the company had difficulty meeting margin calls. Shares of the company, which have lost more than 90 percent of their value over the past year, were up 59 cents at $1.28 on the New York Stock Exchange.
(Reporting by Archana Shankar in Bangalore; Editing by Mike Miller and Anil D'Silva)
Maybe they should sponsor a race car!!!
"No way for customers to even hear about GRDO"
AHR is running with 12% short!!!
americanbulls.com BUY CONFIRMED
AHR
ANTHRACITE CAPITAL INC
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 05.12.2009 (6) days ago, when the stock price was 0.9800. Since then AHR has gained 32.65% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.8600 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a confirmation but today it is. The market opened with a gap-up and the day’s activity resulted in a close higher than the open. This is a valid confirmation criterion. The market seems ready for a new bullish move.
The significant failure of the previous SELL signal is unfortunately confirmed too. Our shot went away this time. It is a fact that such signal failures are more unlikely for higher rated stocks, but it is not possible to deal with all the vagaries of the stock market. The signal system, however, continues to do an excellent job in the overall, despite such failures. This can be seen easily with a quick glance to the signal history table.
We hope that you bought this stock and still have the chance to profit from the later phase of the bullish attack. Today you were supposed to watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions and still profit in case of a sustained bullish move.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred significantly on the short side last time, but we are sure that you may easily cover your losses (if any) by basing your future trades on our signal system.