financial

Underperform - Price 7.60 on Jan. 2
by Hilliard Lyons

Centerline Holding (formerly CharterMac) originates and acquires tax-exempt bonds for affordable multifamily housing and generates revenue from related fee-based businesses. On Dec. 28, we downgraded CHC from Neutral to Underperform...due to its announcement of major changes we believe aren't in the best interest of our long-suffering, income-oriented clients. We're dropping coverage. [The] change in...strategy, significant dividend cut, and potential conflict of interest in offering an expensive convertible preferred to The Related Companies, owned by CHC's chairman, makes CHC no longer suitable for our investors...CHC's annual dividend will be cut 64%....CHC stock declined 64% in 2007. Previously, we had encouraged tax-loss selling. Market-cap: $444.1 million.

Stephen Ross

Four Directors of the company have recently purchased 379,800 shares or $6,715,703 worth of stock.

friend recommended

dividends

DIVIDEND

Super dividends

Tax free income

I likded the income and fact a big part it was tax free

losing daily; selected by broker for tax benefit