Anthracite Capital issues shares for $12.03 million in convertibles

By Devika Patel

Knoxville, Tenn., Sept. 28 - Anthracite Capital, Inc. issued 3,315,000 common shares in exchange for $6.63 million of its 11.75% convertible senior notes due 2027 on Sept. 24, according to an 8-K filed Monday with the Securities and Exchange Commission.

The company issued 2.7 million shares in exchange for $5.4 million of the convertibles on Sept. 25.

Anthracite Capital is a New York specialty finance company focused on investments in high-yield commercial real estate loans and related securities.

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