Centerline sees Q4 charge; gives '08 outlook

venerdì 28 dicembre 2007 14:54

Dec 28 (Reuters) - Centerline Holding Co (CHC.N: Quotazione) expects to record a one-time charge of $45 million to $55 million in the fourth quarter, citing the completion of a securitization of $2.8 billion tax-exempt affordable housing bond portfolio with Freddie Mac FRE.N.

Centerline also forecast 2008 adjusted earnings of $1 to $1.10 a share and GAAP earnings of 84 cents to 94 cents a share. (Reporting by Purwa Khandelwal in Bangalore)