ARCHIVE - Year: 2007

Richmond, VA, May 20, 2007 — Richmond-based John B. Levy & Company, Inc. is pleased to announce the completion of financing for the Haxall Building located in downtown Richmond, Virginia. The property is located just a short walk from the James River and the eastern continuation of the Canal Walk. The three buildings that comprise Haxall View were originally a cafeteria and part of the cigar manufacturing department of the Edgeworth Tobacco warehouse complex. Haxall will become a 40,000+ square foot mixed-use project with loft apartments above retail shops.

NEW YORK–(BUSINESS WIRE)–Anthracite Capital, Inc. (“Anthracite” or the “Company”) (NYSE:AHR – News) today announced that the Company’s shareholders have elected John B. Levy to the Board of Directors (“Board”) and re-elected Carl F. Geuther. Additionally, as previously announced, Leon T. Kendall’s retirement from the Board was effective following today’s annual stockholders’ meeting.

The Company also announced the resignation of board member Donald G. Drapkin, effective May 22, 2007. Mr. Drapkin’s decision was made in light of his recently joining Lazard Ltd.