Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
RECP IV Cite CMBS Equity, L.P.
   2. Issuer Name and Ticker or Trading Symbol
ANTHRACITE CAPITAL INC [AHR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O DLJ REAL ESTATE CAPITAL PARTNERS INC, ELEVEN MADISON AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
06/24/2008
(Street)

NEW YORK, NY 10010		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 06/24/2008   C(2)   3,119,661 A $ 7.4928 6,613,682 D (1)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
12% Series E-3 Cumulative Convertible Redeemable Pref. Stock $ 7.4928 06/24/2008   C(2)     23,375 04/04/2008   (3) Common Stock 3,119,661.67 (2) $ 0 0 D (1)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RECP IV Cite CMBS Equity, L.P.
C/O DLJ REAL ESTATE CAPITAL PARTNERS INC
ELEVEN MADISON AVENUE
NEW YORK, NY 10010		     X    
DLJ REAL ESTATE CAPITAL PARTNERS IV LP
11 MADISON AVENUE
16TH FLOOR
NEW YORK, NY 10010		     X    
DLJ Real Estate Capital IV, L.P.
C/O DLJ REAL ESTATE CAPITAL PARTNERS INC
ELEVEN MADISON AVENUE
NEW YORK, NY 10010		     X    
DLJ Real Estate Capital IV, Inc.
C/O DLJ REAL ESTATE CAPITAL PARTNERS INC
ELEVEN MADISON AVENUE
NEW YORK, NY 10010		     X    
CREDIT SUISSE/
11 MADISON AVENUE
NEW YORK, NY 10010		     X    

Signatures

 RECP IV Cite CMBS Equity, L.P. - By: RECP IV Cite CMBS Investors, L.L.C. - /s/ James D. Allen (Vice President)   06/30/2008
**Signature of Reporting Person Date
 DLJ REAL ESTATE CAPITAL PARTNERS IV, L.P. - By: DLJ Real Estate Capital IV, L.P.,(its general partner), By: DLJ Real Estate Capital IV, Inc.,(its general partner) - /s/ James D. Allen (Vice President)   06/30/2008
**Signature of Reporting Person Date
 DLJ REAL ESTATE CAPITAL IV, L.P. - By: DLJ Real Estate Capital IV, Inc.,(its general partner) - /s/ James D. Allen (Vice President)   06/30/2008
**Signature of Reporting Person Date
 DLJ REAL ESTATE CAPITAL IV, INC - /s/ James D. Allen (Vice President)   06/30/2008
**Signature of Reporting Person Date
 CREDIT SUISSE - /s/ Ivy Dodes (Managing Director)   06/30/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Exhibit 99.1
(2) The reporting persons converted 23,375 Shares of 12% Series E-3 Cumulative Convertible Redeemable Preferred Stock on June 24, 2008, at a conversion price of $7.4928 per share, resulting in their acquisition of 3,119,661 shares of common stock and $5.4216 in cash in lieu of fractional shares.
(3) N/A

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