Trump Entertainment investors report 9.9% stake in company

By Lisa Kerner

Charlotte, N.C., May 4 - A group of Trump Entertainment Resorts, Inc. investors led by Prides Capital Partners, LLC purchased call options that if exercised, would result in ownership of an additional 1,246,900 shares of the company's common stock.

The investors report beneficially ownership of 3,093,569 shares, or 9.9%, of the Atlantic City, N.J., gaming company's outstanding stock.

On March 12, the company announced it had retained Merrill Lynch to assist in evaluating strategic alternatives, including capital structure, financing and value-creation alternatives.

Trump Entertainment Resorts is separate and distinct from Donald J. Trump's real estate and other holdings.

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