CharterMac's Subsidiary, CharterMac Capital LLC, Closes $268 Million Tax Credit Fund.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 -- CharterMac (the "Company") (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) ) today announced that its subsidiary, CharterMac Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , closed CharterMac Corporate Partners XXXII, L.P. ("CCP (Certified Computer Professional) The award for successful completion of a comprehensive examination on computers offered by the ICCP. See ICCP and certification. . 1. (language) CCP - Concurrent Constraint Programming. 2. 32"), a $268 million multi-investor corporate tax credit fund. Marc D. Schnitzer, Chief Executive Officer and President of CharterMac, commented, "The closing of CCP 32 brings our year to date total to $352.8 million of equity raised for tax credit funds. Our fund management business is strong and we continue to see tremendous demand for quality affordable housing investments from our institutional clients." CCP 32, which is expected to be comprised of equity investments in approximately 25 low income housing tax credit properties located throughout the United States, was sold to seven institutional investors. About the Company CharterMac, through its subsidiaries, is one of the nation's leading full-service real estate finance companies. CharterMac offers capital solutions to developers and owners of multifamily and commercial real estate throughout the country and quality investment products to institutional and retail 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" 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 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion