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Anthracite Capital exchanges shares for $3 million 11.75% convertibles
By Jennifer Chiou
New York, July 1 - Anthracite Capital Inc. issued 900,000 shares of its common stock in exchange for $3 million of its 11.75% convertible senior notes due 2017, according to an 8-K filed with the Securities and Exchange Commission.
The company said it entered into the exchange agreement on June 26.
Anthracite is a New York-based specialty finance company focused on investments in high-yield commercial real estate loans and related securities.
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