Anthracite Capital Announces Cash Dividend of $0.29 Per Share.NEW YORK--(BUSINESS WIRE)--Sept. 16, 1999-- Anthracite Capital, Inc. (Anthracite) (NYSE NYSE See: New York Stock Exchange : AHR AHR Aryl Hydrocarbon Receptor AHR American Historical Review (Journal of the American History Association) AHR Anchor AHR airway hyper-responsiveness AHR Assisted Human Reproduction AHR Air-Conditioning Heating Refrigeration ) announced today that its Board of Directors has declared a second quarter 1999 cash dividend of $0.29 per share of common stock. The cash dividend will be payable on October 15, 1999 to shareholders of record at the close of business on September 30, 1999. This regular quarterly dividend is unchanged from the first and second quarters of 1999. Hugh R. Frater Fra´ter n. 1. (Eccl.) A monk; also, a frater house. Frater house an apartament in a convent used as an eating room; a refectory; - called also a fratery ltname>. , President and Chief Executive Officer of Anthracite, stated "Our dividend reflects the strong level of earnings in our portfolio. Increases in long term interest rates during the third quarter are not expected to have a material effect on portfolio earning power and credit statistics remain consistent with our expectations. We are pleased to be able to deliver consistent dividends and earnings to our shareholders." Shareholders may elect to reinvest their dividends through Anthracite's Dividend Reinvestment and Stock Purchase Plan. Copies of the Dividend Reinvestment and Stock Purchase Plan Prospectus and enrollment materials may be obtained by contacting The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. (the Plan Administrator), at 1-800-524-4458 or Investor Relations, Anthracite Capital, Inc. at 212-409-3333. Anthracite Capital, Inc. is a specialty finance company taxed as a REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). and emphasizing investments in high yield real estate loans and related securities. Anthracite is externally managed by BlackRock, Inc., a New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. based investment manager with over $141 billion in global assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . BlackRock's parent, PNC Bank in Pittsburgh, originates commercial, multifamily and residential real estate loans and services over $40 billion in commercial mortgage loans for third parties through its Midland Loan Services subsidiary. Note: Certain matters discussed in this press release may constitute forward-looking statements with the meaning of the federal securities laws. Anthracite's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those detailed from time to time in Anthracite's reports and filings with the Securities and Exchange Commission. To learn more about Anthracite Capital, Inc., visit our website at http://ahr.blackrock.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion