Anthracite Capital, Inc (fka ACPIQ)

[Trops]

FYI~Recieved this info tonight.Turning for a minute to the Agreement with the lenders~It seems to me that AHR is operating is a quasi debtor In Possession mode. This isn't all bad for the shareholder. The debtors are going to maximize their safety by applying as much of the cashflow to their loan balance. This is going to be a boon to the shareholder when the debt is refinanced or extinguished. The probelm that AHR faced through this entire period was not the ability to generate cash, it was the drop in the asset value, which caused the Share Price to drop and create margin calls, wiping out their cash. Nearly all of that is safe guarded now. They will continue to generate cash, in reasonably large quantities, and the interest expense will drop much faster than any default issues. Welcome to the wonderful world of dividends.