SOURCE: Centerline Holding Company (CharterMac)

February 18, 2011 09:00 ET

Centerline Holding Company Announces 2010 Tax Information Is Now Available on Company's Website

NEW YORK, NY--(Marketwire - February 18, 2011) - Centerline Holding Company (OTCBB: CLNH) ("Centerline" or the "Company"), the parent company of Centerline Capital Group, a provider of real estate financial and asset management services, today announced common shareholders may now access their tax information for the 2010 tax year through the Company's secure website,

In the "K-1 Tax Information Section" located on Centerline's website common shareholders may access and print their Schedule K-1 form and automatically transfer their information to the appropriate IRS tax forms. Common shareholders may contact Centerline's K-1 Support Line at (800) 230-1149 to receive duplicate copies of their Schedule K-1 via email or facsimile.

Centerline will mail hard copies of the Schedule K-1 forms to common shareholders on or about February 23, 2011.

All shareholders are advised to consult their tax advisor about the specific tax treatment of Centerline's Schedule K-1 items. 

About Centerline Capital Group

Centerline Capital Group, a subsidiary of Centerline Holding Company (OTCBB: CLNH), provides real estate financial and asset management services, with a focus on affordable and conventional multifamily housing. Centerline is headquartered in New York, New York. For more information, please visit Centerline's website at or contact the Investor Relations Department at 1-800-831-4826.

Certain statements in this document may constitute forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Except for historical information, the matters discussed in this document are forward-looking statements subject to certain risks and uncertainties. These statements are based on management's current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties are detailed in Centerline Holding Company's most recent Annual Report on Form 10-K and the Quarterly Reports on Form 10-Q for the first, second and third quarters of 2010 filed with the Securities and Exchange Commission, and include, among others, business limitations caused by adverse changes in real estate and credit markets and general economic and business conditions; our ability to generate new income sources, raise capital for investment funds and maintain business relationships with providers and users of capital; changes in applicable laws and regulations; our tax treatment, the tax treatment of our subsidiaries and the tax treatment of our investments; risk of allocations of income to our shareholders without corresponding cash distributions; possible adverse effects of a future issuance of shares or a reverse share split; possible deterioration in cash flows generated by material investments, such as the Freddie Mac B-Certificate; competition with other companies; risk of loss under mortgage banking loss sharing agreements; and risks associated with providing credit intermediation. Words such as "anticipates", "expects", "intends", "plans", "believes", "seeks", "estimates" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. Centerline Holding Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Centerline Holding Company's expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

Contact Information

    Denise Bernstein
    Investor Relations
    (800) 831-4826