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NovaStar Ending its Status as a REIT

Stock Market Forums > General Category > NYSE Discussion > NovaStar Ending its Status as a REIT



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« on: September 18, 2007, 03:01:03 AM »
NovaStar Ending its Status as a REIT
     

The troubled subprime mortgage lender said that it was giving up its status as a real estate investment trust because it could not afford the $157 million dividend it would have to pay to maintain the status....
     

http://www.nytimes.com/2007/09/18/business/18novastar.html?partner=rssnyt&emc=rss
     
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« on: September 18, 2007, 03:01:03 AM »

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