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Capital Trust, Inc. Message Board

  • rosen62 rosen62 Mar 26, 2013 6:08 PM Flag

    Reit qualification OK, Nols almost gone.

    "We made a tax election to be treated as a REIT effective January 1, 2003 and expect to continue to operate so as to qualify as a REIT."

    "As a result of this offering, we expect to experience an “ownership change” for purposes of Section 382 of the Internal Revenue Code that will materially limit our ability to utilize our net operating losses, or “NOLs,” and net capital losses, or “NCLs,” against future taxable income."

    "As of December 31, 2012 we had NOLs of approximately $161.5 million and NCLs of approximately $121.4 million. Although we intend to utilize a portion of our NOLs and NCLs in connection with certain transactions we expect to undertake prior to the consummation of this offering, there is no assurance that we will be successful in doing so and we expect to be materially limited in our use of any remaining NOLs and NCLs"

    "We intend to make regular quarterly distributions to holders of our class A common stock."

    Reverse split coming too?

    All from the form s-11 today. Damnit! 200 pages.

    Sentiment: Buy

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