BigOlDave

18 Companies Worth Following if Listing Requirements Change

AHR, which is a REIT, may be having trouble valuing its commercial properties in the current environment. They suspended the latest dividend because they calculate having overpaid/paid enough during the first 3 quarters for the year. And 90% of dividends may be paid out in shares in the future, which may spooked some investors ...particularly with AHR trading below the $1.00 threshold. Here's what BlackRock said on its AHR site:

"Anthracite's Board of Directors anticipates declaring and paying the minimum amount of cash dividends on its common stock required to maintain REIT status until the Company's short term debt is further reduced and market values of commercial real estate debt show signs of stability. The Company estimates that 2008 taxable income distribution requirements were satisfied by the distributions during the first three quarters of 2008; therefore, the Board of Directors did not declare a common stock dividend for the fourth quarter. In 2009, the Board of Directors may authorize the Company's use of a new tax rule allowing REITs to satisfy their taxable income distribution requirements with a 90% stock distribution and the remaining 10% in cash."

I still like this REIT: it will come back.