Business & Finance
Business and Finance
Business and Finance
Thu, February 19, 2009
Wed, February 18, 2009 Centerline Holding Company Announces 2008 Tax Information is Now Available on Company?s Website
NEW YORK--([ BUSINESS WIRE ])--Centerline Holding Company (OTC:CLNH) ("Centerline" or the "Company"), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today announced common shareholders may now access their tax information for the 2008 tax year through the Company's secure website, [ www.centerline.com ].
In the "K-1 Tax Information Section" located on our website common shareholders may access and print their Schedule K-1 form and automatically transfer their information to the appropriate IRS tax forms. Common shareholders may contact Centerline's K-1 Support Line at (800) 230-1149 to receive duplicate copies of their Schedule K-1 via email or facsimile.
Centerline will mail hard copies of the Schedule K-1 forms to common shareholders on or about February 20, 2009.
Schedule K-1 forms for Centerline's 11.0% Cumulative Convertible Preferred Shares, Series A-1 shareholders ("11% Preferred Shareholders") will only be available in hard copy and will be mailed to 11% Preferred Shareholders on or about March 1, 2009. 11% Preferred Shareholders may contact Investor Relations at (800) 831-4826 to receive duplicate copies of their Schedule K-1 via email or facsimile.
All shareholders are advised to consult their tax advisor about the specific tax treatment of Centerline's Schedule K-1 items.
About the Company
Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC: CLNH), provides real estate financial and asset management services, including institutional debt and equity fund management, mortgage banking and primary and special loan servicing. As of September 30, 2008, Centerline had more than $14 billion of assets under management. Centerline is headquartered in New York, New York and has eight offices throughout the United States. For more information, please visit Centerline's website at [ http://www.centerline.com ] or contact the Investor Relations 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 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 include the impact on the Company's share price of its delisting from the NYSE and listing on the OTC market. Other risks and uncertainties are detailed in Centerline Holding Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, and include, among others, adverse changes in real estate markets, general economic and business conditions; adverse changes in credit markets and risks related to the form and structure of our financing arrangements; our ability to generate new income sources, raise capital for investment funds and maintain business relationships with providers and users of capital; changes in applicable laws and regulations; our tax treatment, the tax treatment of our subsidiaries and the tax treatment of our investments; competition with other companies; risk of loss from direct and indirect investments in commercial mortgage-backed securities and collateralized debt obligations; risk of loss under mortgage banking loss sharing agreements; and risks associated with providing credit intermediation. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. Centerline Holding Company 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 Centerline Holding Company's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.
