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Centerline Holding Company Announces Revision to Previously Reported 2008 Schedule K-1 Tax Forms

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  Published in Business and Finance on Tuesday, February 24th 2009 at 9:21 GMT, Last Modified on 2009-02-24 09:22:38 by Market Wire
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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 revisions to the Company's common shareholders' 2008 Schedule K-1 forms that were available on Centerline's website last week.

Centerline's common shareholders who have already downloaded or requested their 2008 Schedule K-1 Tax forms should disregard the forms previously received as the revised 2008 Schedule K-1 forms will be available on or about March 2, 2009 on the Company's secure website, [ www.centerline.com ]. Revised hard copies will also be mailed at that time.

The Company apologizes for any inconvenience this may have caused Centerline's common shareholders.

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.