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Egor

06/25/09 1:25 PM

#41 RE: time2sell #40

The record dates of the preferred C & D are 1/31, 4/30, 7/31 & 10/31 wich should make today the last day to be locked in for the back owed dividends for this quarter.

SECURITY DESCRIPTION: Anthracite Capital Inc., 8.25% Series D, Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 2/12/2012 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 8.25% ($2.0625) per annum are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the first day of the month in which the payment is due or on the date fixed by the board, not more than 60 days or less than 10 days prior to the payment date. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. The company is organized to qualify as a real estate investment trust (REIT) for federal income tax purposes. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.


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