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August 15, 2006

Industry Update: AFR Delays Fuel Sale Speculation

By Marita Thomas

Weeks have turned into months as American Financial Realty Trust “continues to work diligently on ways to maximize shareholder value,” says Lewis S. Ranieri, chairman, in a statement announcing the postponement of AFR’s second-quarter conference call, originally scheduled for Aug. 8. At the June 1 shareholders meeting, Ranieri said the company would “not sit by idly as shares trade at current levels.”


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