Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
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(Check
one):
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o Form
10-K
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o Form
20-F
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x Form
10-Q
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o Form
10-D
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o Form
N-SAR
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o Form
N-CSR
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For
Period Ended: March
31, 2008
o Transition
Report on Form 10-K
o Transition
Report on Form 20-F
o Transition
Report on Form 11-K
o Transition
Report on Form 10-Q
o Transition
Report on Form N-SAR
For
the
Transition Period Ended: ________________
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Read
Instruction (on back page) Before Preparing Form. Please Print
or
Type.
Nothing
in this form shall be construed to imply that the Commission has
verified
any information contained
herein.
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If
the
notification relates to a portion of the filing checked above, identify the
Item(s) to which the notification relates: ______________________________________________________________________
PART
I — REGISTRANT INFORMATION
Full
Name
of Registrant
Former
Name if Applicable
Address
of Principal Executive Office (Street
and Number)
City,
State and Zip Code
PART
II — RULES 12b-25(b) AND (c)
If
the
subject report could not be filed without unreasonable effort or expense and
the
registrant seeks relief pursuant to Rule 12b-25(b), the following should be
completed. (Check box if appropriate)
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(a) |
The reason described in reasonable detail
in
Part III of this form could not be eliminated without unreasonable
effort
or expense; |
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(b) |
The subject annual report, semi-annual
report, transition report on Form 10-K, Form 20-F, Form 11-K,
Form N-SAR or Form N-CSR, or portion thereof, will be filed on or
before the fifteenth calendar day following the prescribed due date;
or
the subject quarterly report or transition report on Form 10-Q or subject
distribution report on Form 10-D, or portion thereof, will be filed
on or
before the fifth calendar day following the prescribed due date;
and |
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(c) |
The accountant’s statement or other exhibit
required by Rule 12b-25(c) has been attached if
applicable. |
PART
III — NARRATIVE
State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.
Anthracite
Capital, Inc. (the “Company”) adopted Statement of Financial Accounting
Standards No. 159, The
Fair Value Option for Financial Assets and Financial
Liabilities
(“FAS
159”), as of January 1, 2008. In connection with the adoption of FAS 159, the
Company has elected to apply the fair value option to certain financial assets
and certain financial liabilities. The Company has not previously fair valued
its financial liabilities in connection with the preparation of its financial
statements, whereas the Company’s financial assets have always been reported at
fair value. The Company has completed its initial valuation of such financial
liabilities and its independent registered public accounting firm is reviewing
the Company’s supporting documentation. Management expects to file the Form 10-Q
on May 15, 2008.
PART
IV — OTHER INFORMATION
(1)
Name
and telephone number of person to contact in regard to this
notification
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James
J. Lillis
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212
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810-3333
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
Have
all other periodic reports required under Section 13 or 15(d) of the Securities
Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during
the preceding 12 months or for such shorter period that the registrant was
required to file such report(s) been filed? If answer is no, identify report(s).
(3)
Is it
anticipated that any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof?
If
so,
attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
The
Company adopted FAS 159 as of January 1, 2008. In connection with the adoption
of FAS 159, the Company has elected to apply the fair value option to certain
financial assets and certain financial liabilities. As a result of such
adoption, effective January 1, 2008, the change in the value of these assets
and
liabilities are being marked to market in the Company’s statement of
operations.
(Name
of
Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned hereunto
duly authorized.
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| Date: May
9, 2008 |
By: |
/s/ James
J.
Lillis |
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Name:
James J. Lillis
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Title:
Chief Financial Officer and
Treasurer
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ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations
(See 18 U.S.C. 1001).
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