Anthracite Capital Files Annual Report and Shelf Registration.NEW YORK--(BUSINESS WIRE)--March 31, 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 it filed its first Form 10-K with the SEC. This annual report presents the Company's operations since its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. in March of 1998 to December 31, 1998. Separately, the Company announced it is filing a $200 million shelf registration statement. The shelf registration statement will permit the Company to issue a variety of debt and equity securities in the public markets should appropriate opportunities arise. While there can be no assurances that the Company will raise such capital, the filing will position the Company to take advantage of capital raising opportunities to pursue attractive investment opportunities. As previously announced, the Company declared a dividend of $0.29 per share payable on April 15, 1999, to shareholders of record as of March 31, 1999. Shareholders may elect to reinvest their dividends through the Company'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. In connection with the Company's year-end filing, certain format changes and reclassifications were made to its statements of operations and financial condition from those reported in the Company's press release of February 23, 1999. These changes do not affect previously reported net loss per share of $(.07) for the period from March 24, 1998 to December 31, 1998 or the net income or loss for any of the quarters within that period because reclassifications of approximately $.07 per share within the statement of operations See Income statement. from realized loss on sale of securities available for sale to loss on securities held for trading were largely offsetting. The changes do result in a 0.7% reduction in the previously reported shareholders' equity per share as of December 31, 1998 from $9.15 per share to $9.09 based on a decrease in accumulated other comprehensive income In 1997 the Financial Accounting Standards Board issued a Statement on Financial Accounting Standards entitled “Comprehensive Income”. This statement required all income statement items to be reported either as a regular item in the income statement and or a special item as . 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 externally managed by BlackRock Financial Management, 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 adviser, which, with its affiliates, manages over $132 billion in global assets. BlackRock's parent, PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank Corp., based 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 within 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. |
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