Item 8.01. Other Events.

On December 5, 2008, Sanders Morris Harris Group Inc. (the "Company") announced that its board of directors had declared a quarterly dividend of $0.045 per share of common stock. The dividend will be payable on January 23, 2008, to common stockholders of record at the close of business on January 5, 2009.

Any future dividends will be at the discretion of the Company's board of directors after taking into account various factors, including general economic and business conditions, tax considerations, its strategic plans, its financial results and condition, its expansion plans, any contractual, legal or regulatory restrictions on the payment of dividends, and such other factors the board of directors considers relevant.

Item 9.01. Financial Statements and Exhibits.

a. Financial statements of business acquired

Not Applicable

b. Pro forma financial information

Not Applicable

c. Exhibits

99.1 Press Release

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