Real Estate Investment Trusts (REITs)
Company Overview of Anthracite Capital, Inc.
Anthracite Capital, Inc. operates as a real estate investment trust. The company, through its subsidiaries, engages in investing in commercial real estate securities, loans, and equity. It focuses on acquiring pools of performing loans in the form of commercial mortgage-backed securities (CMBS), issuing secured debt backed by CMBS, and providing strategic capital for the commercial real estate industry in the form of mezzanine loan financing and equity. The company has elected to be taxed as a REIT. It would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. Anthracite Capital was founded in 1997 and is based in New York, New...
40 East 52nd Street
New York, NY 10022
Founded in 1997
Key Executives for Anthracite Capital, Inc.
Anthracite Capital, Inc. does not have any Key Executives recorded.
Anthracite Capital, Inc. Key Developments
SEC Revokes Registration Of Registered Securities Of Anthracite Capital
Jun 13 12
An Administrative Law Judge issued an Order Making Finding and Revoking Registration by Default (Default Order) as to Anthracite Capital, Inc. The Default Order finds that the Company, issuer of securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 (Exchange Act), has failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and 13a-13 by failing to file required periodic reports with the Securities and Exchange Commission (SEC). As a result, the Administrative Law Judge ordered that the registration of each class of registered securities of the Company is revoked.
SEC Orders Hearings On Registration Suspension Or Revocation Against Anthracite Capital For Failure To Make Required Periodic Filings
May 4 12
In conjunction with this trading suspension, Securities and Exchange Commission (SEC or the commission) also instituted public administrative proceedings to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Anthracite Capital, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleged that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceedings.
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