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Winthrop Realty Trust
FUR announced today that it transferred its 66.67% interest in the Concord Real Estate CDO 2006-1, Ltd. to its taxable REIT subsidiary. This restructuring eliminates the only source of excess inclusion income to Winthrop Realty Trust, which is generally required to be treated as "unrelated business taxable income", or UBTI, by tax-exempt organizations.
This restructure will enable Winthrop's common shares to continue to be eligible for inclusion in the Russell 2000 Index which had indicated that it would render ineligible any security that generates or has historically generated UBTI.
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