Charter Mac Equity Issuer Trust Declares First Quarter Dividends Per Share for 2006.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. (the "Board") of Charter Mac Equity Issuer Trust, a wholly-owned subsidiary of CharterMac (NYSE NYSE See: New York Stock Exchange :CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) ), has declared a dividend of $33,125 per share on its 6 5/8% Series A Cumulative Preferred Noun 1. cumulative preferred - preferred stock whose dividends if omitted accumulate until paid out cumulative preferred stock preference shares, preferred shares, preferred stock - stock whose holders are guaranteed priority in the payment of dividends but Shares ("Series A Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. "). The liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy amount per share for the Series A Preferred Shares is $2,000,000, and there are 45 shares outstanding. The Board has also declared a dividend of $8,875 per share and $9,500 per share on its 7.10% Series A-1 Cumulative Preferred Shares ("Series A-1 Preferred Shares") and 7.60% Series B Subordinate Cumulative Preferred Shares ("Series B Subordinate Preferred Shares"), respectively. The liquidation amount per share for both the Series A-1 Preferred Shares and the Series B Subordinate Preferred Shares is $500,000, and there are 48 shares and 110 shares outstanding, respectively. The Board has also declared a dividend of $7,875 per share and $8,500 per share on its 6.30% Series A-2 Cumulative Preferred Shares ("Series A-2 Preferred Shares") and 6.80% Series B-1 Subordinate Cumulative Preferred Shares ("Series B-1 Subordinate Preferred Shares"), respectively. The liquidation amount per share for both the Series A-2 Preferred Shares and the Series B-1 Subordinate Preferred Shares is $500,000, and there are 62 shares and 37 shares outstanding, respectively. The Board has also declared a dividend of $8,500 per share and $9,000 per share on its 6.80% Series A-3 Cumulative Preferred Shares ("Series A-3 Preferred Shares") and 7.20% Series B-2 Subordinate Cumulative Preferred Shares ("Series B-2 Subordinate Preferred Shares"), respectively. The liquidation amount per share for both the Series A-3 Preferred Shares and the Series B-2 Subordinate Preferred Shares is $500,000, and there are 60 shares and 50 shares outstanding, respectively. The Board has also declared a dividend of $7,187.50 per share on its 5.75% Series A-4-1 Perpetual Preferred Shares ("Series A-4-1 Preferred Shares") and $7,500 per share on its 6.00% Series A-4-2 Perpetual Preferred Shares ("Series A-4-2 Preferred Shares"). The liquidation amount per share for the Series A-4-1 Preferred Shares and the Series A-4-2 Preferred Shares is $500,000, and there are 60 shares and 58 shares outstanding, respectively. The Board has also declared a dividend of $7,500 per share on its 6.00% Series B-3-1 Subordinate Perpetual Preferred Shares ("Series B-3-1 Subordinate Preferred Shares") and $7,875 per share on its 6.30% Series B-3-2 Subordinate Perpetual Preferred Shares ("Series B-3-2 Subordinate Preferred Shares"). The liquidation amount per share for the Series B-3-1 Subordinate Preferred Shares and the Series B-3-2 Subordinate Preferred Shares is $500,000, and there are 50 shares and 40 shares outstanding, respectively. The aforementioned dividends, which represent the payments for the quarter ended March 31, 2006, will be paid on April 30, 2006. About the Company CharterMac, through its subsidiaries, is one of the nation's leading full-service real estate finance companies, with a strong core focus on multifamily financing. CharterMac offers capital solutions to developers and owners of multifamily rental housing throughout the country and quality investment products to institutional and retail investors Retail Investor Individual investors who buy and sell securities for their personal account, and not for another company or organization. Notes: Retail investors buy in much smaller quantities than larger institutional investors. . For more information, please visit CharterMac's website at http://www.chartermac.com or contact the Investor Relations Investor relations The process by which the corporation communicates with its investors. Department directly at 800-831-4826. Certain statements in this document may constitute forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are detailed in CharterMac's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and in its other filings with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this document. CharterMac expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in CharterMac's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based. |
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