HARTFORD, Conn., March 13 /PRNewswire-FirstCall/ -- CBRE Realty Finance,
Inc. (NYSE: CBF) today announced that its Board of Directors has declared a
cash dividend of $0.15 per share, payable with respect to the quarter ended
March 31, 2008. The dividend is payable on April 14, 2008 to stockholders of
record as of the close of business on March 31, 2008.
The Company plans to file with the Securities and Exchange Commission (the
"SEC") and mail to its stockholders a proxy statement (the "2008 Proxy
Statement") relating to its 2008 annual meeting of stockholders, which has not
yet been scheduled. The Company, its directors and certain of its officers may
be deemed, under the SEC's rules, to be participants in a solicitation of
proxies from its stockholders in connection with the 2008 annual meeting of
stockholders. Information regarding those directors and officers and their
respective interests is set forth in the Schedule 14A filed by the Company
with the SEC on February 4, 2008. Investors should read the 2008 Proxy
Statement when it becomes available because it will contain important
information. Investors can obtain the Schedule 14A and, after it is filed,
will be able to obtain the 2008 Proxy Statement for free at the SEC's website
at www.sec.gov and the Company's website at www.cbrerealtyfinance.com.
About CBRE Realty Finance, Inc.
CBRE Realty Finance, Inc. is a commercial real estate specialty finance
company primarily focused on originating, acquiring, investing in, financing
and managing a diversified portfolio of commercial real estate-related loans
and securities. CBRE Realty Finance has elected to qualify to be taxed as a
real estate investment trust, or REIT, for federal income tax purposes. CBRE
Realty Finance is externally managed and advised by CBRE Realty Finance
Management, LLC, an indirect subsidiary of CB Richard Ellis Group, Inc. and a
direct subsidiary of CBRE/Melody & Company. For more information on the
Company, please visit the Company's website at
This press release contains forward-looking statements based upon the
Company's beliefs, assumptions and expectations of its future performance,
taking into account all information currently available. These beliefs,
assumptions and expectations can change as a result of many possible events or
factors, not all of which are known to the Company or are within its control.
If a change occurs, the Company's business, financial condition, liquidity and
results of operations may vary materially from those expressed in its forward-looking statements. The factors that could cause actual results to vary from
the Company's forward-looking statements include the Company's future
operating results, its business operations and prospects, general volatility
of the securities market in which the Company invests and the market prices of
its common stock, the Company's ability to begin making investments in the
future, availability, terms and development of short-term and long-term
capital, availability of qualified personnel, changes in the industry,
interest rates, the debt securities, credit and capital markets, the general
economy or the commercial finance and real estate markets specifically,
performance and financial condition of borrowers and corporate customers,
increased prepayments of the mortgage and other loans underlying the Company's
investments, the status of the class action lawsuit and other lawsuits
relating to Arbor Realty Trust Inc.'s hostile activity and any future
litigation that may arise, the outcome of a potential proxy fight over
director nominees, the ultimate proceeds of the EOP assets that underlie the
Company's $40 million mezzanine investment and resolution of the Company's
$42.8 million B-note investment, and other factors, which are beyond the
Company's control. The Company undertakes no obligation to publicly update or
revise any of the forward-looking statements. For further information, please
refer to the Company's filings with the Securities and Exchange Commission.
SOURCE CBRE Realty Finance, Inc.
Michael Angerthal, Chief Financial Officer of CBRE Realty Finance, Inc., +1-860-275-6222, firstname.lastname@example.org
-0- Mar/13/2008 11:05 GMT
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