CharterMac's Subsidiary, Related Capital Company, Changes Its Name to CharterMac Capital.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") (AMEX AMEX See: American 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, Related Capital Company, has changed its name to CharterMac Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "For over 30 years, Related Capital Company has been the leader in the affordable multifamily finance industry and the Related Capital name has been synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as cutting edge financing and investment products and unparalleled customer service. Therefore, when CharterMac acquired Related Capital in 2003, we felt it was important to preserve the Related Capital name for a period of time," said Marc D. Schnitzer, President of CharterMac. "After two years of successful operations as a subsidiary of CharterMac, we felt that it was the right time to change the Related Capital name to CharterMac Capital given CharterMac's unparalleled reputation as a leader in the multifamily finance industry." In connection with the name change, the Company is also pleased to announce the launch of a newly designed website for CharterMac Capital LLC at http://www.chartermaccapital.com. The website provides an overview of CharterMac Capital and serves as a centralized source of information for CharterMac Capital's investor and developer clients. About CharterMac 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. For more information, please visit CharterMac's website at http://www.chartermac.com or contact the Shareholder Services Department directly at 800-831-4826. About CharterMac Capital CharterMac Capital, a subsidiary of CharterMac, is one of the nation's premier multifamily financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies, with a strong core focus on structuring and managing equity investments in affordable apartment properties throughout the United States. CharterMac Capital manages over $7 billion in equity investments for over 107,000 institutional and retail real estate investors. For more information please visit http://www.chartermaccapital.com. Certain statements in this press release 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 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. for the period ended December 31, 2004, and in its other filings with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. 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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