CHINA HYDROELECTRIC CORPORATION AMERICAN DEPOSITARY SHARE (EACH REPRESENTING THREE ORDINARY SHARES)
Sector: Diversified Investments
Latest Quote @ Tue May 5 16:24:06 (15 min delayed)
Last Day's Data
CharterMac, through its subsidiaries, operates as a real estate finance company. It provides capital solutions to developers and owners of properties, as well as investment products to institutional and retail investors. The company operates in three segments: Portfolio Investing, Fund Management, and Mortgage Banking. The Portfolio Investing segment invests primarily in tax-exempt first mortgage revenue bonds issued by various state or local governments, agencies, or authorities, and other investments designed to produce federally tax-exempt income. The Fund Management segment sponsors real estate equity investment funds that primarily invest in low-income housing tax credit properties (LIHTC), and provides advisory services to an affiliated real estate investment trust, as well as participates in credit enhancement transactions. The Mortgage Banking segment originates and services primarily multifamily mortgage loans on behalf of third parties. In addition, the company sponsors the LIHTC equity funds through Fund Management segment. CharterMac is based in New York City.