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Author Topic: NovaStar Ending its Status as a REIT  (Read 796 times)

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NovaStar Ending its Status as a REIT
« on: September 25, 2007, 12:00:31 PM »
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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