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| CHC > SEC Filings for CHC > Form 8-K on 5-Dec-2008 | All Recent SEC Filings |
5-Dec-2008
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Stand
On December 1, 2008, the New York Stock Exchange (the "NYSE") delivered a written notice to Centerline Holding Company (the "Registrant") and issued a press release (the "Press Release") announcing that the common shares of beneficial interest (the "common shares") of the Registrant would be suspended prior to the market opening on Monday, December 8, 2008. The NYSE is delisting the common shares because the Registrant's market capitalization did not satisfy the NYSE's listing standard requiring NYSE listed companies to maintain a market capitalization of not less than $25 million over a consecutive 30 trading day period. The Registrant has a right to appeal the NYSE determination, however, the Registrant has informed the NYSE that it will not challenge the NYSE's determination. The Registrant expects to commence trading on the over-the-counter ("OTC") market on December 8, 2008 under a yet to be determined symbol. The new ticker symbol will be published at www.otcbb.com between 4:00 pm and 5:00 pm Eastern time on December 5, 2008.
The Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The foregoing description of the Press Release is qualified in its entirety by reference to the full text of such press release.
Leonard W. Cotton resigned as a member of the Board of Trustees and as Vice Chairman of the Registrant, effective December 4, 2008, to spend more time on his personal business and charitable activities. The Registrant has not yet announced a replacement for Mr. Cotton.
(a) Financial Statements
Not Applicable.
(b) Pro Forma Financial Information
Not Applicable.
(c) Exhibits
Exhibit 99.1. Press Release dated December 1, 2008 "NYSE to Suspend Centerline Holding Company and Moves to Remove it from the List"
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