Item 8.01. Other Events

The Board of Directors (the "Board") of Ameritrans Capital Corporation (the "Company") has decided not to pay the dividend of $0.28125 per share on its 9-3/8% cumulative participating redeemable preferred stock $.01 par value, $12.00 face value (the "Preferred Stock") for the period April 1, 2009 through June 30, 2009. On July 6, 2009 the Company filed a Form 8-K with the Securities and Exchange Commission stating that the declaration and payment of the dividend would be deferred until such time as the Company completed its review for the quarter ended June 30, 2009. The dividend on the Preferred Stock for the period April 1, 2009 through June 30, 2009 will accrue and will be paid to shareholders, when and as declared by the Board of Directors of the Company.

No dividends on the Preferred Stock will be declared or paid or set apart for payment unless payments of interest and repayment of principal then due on any other indebtedness of the Company are made and dividends which have been deferred, have been, or contemporaneously are, declared and paid on all outstanding shares of Preferred Stock. Any dividend payment made on the outstanding shares of Preferred Stock shall first be credited against the dividend deferred for the period April 1, 2009 through June 30, 2009.

During the deferral period, the Company may not, among other things, declare, pay, or set apart for payment any dividend or other distribution on shares of common stock of the Company or any other security of the Company, if any, ranking junior to the Preferred Stock or call for redemption, redeem, purchase, or otherwise acquire for consideration any shares of junior stock or Preferred Stock.

The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.