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KlausVT

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KlausVT

Re: Bruce A Thompson post# 16407

Wednesday, 07/18/2007 2:23:05 PM

Wednesday, July 18, 2007 2:23:05 PM

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Bruce - NFI

Is that reduction in dividend cited below due to increased share count because of the 150mio infusion?

>> NovaStar said on Monday private-equity funds MassMutual Capital Partners and Jefferies Capital Partners IV had agreed to invest $150 million in a transaction that may eventually give them a 17.5 percent stake........
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As a result of the deal, FBR's Valentin said NovaStar common shareholders will see their dividend slashed to $2.67 a share from $4.21 a share. Valentin also said the $150 million injection is not enough to sustain NovaStar, a REIT, unless mortgage markets suddenly rebound.>>

Cheers
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