300,000,000 Shares of 8.25% Series D Cumulative Redeemable Preferred Stock ANTHRACITE CAPITAL, INC. UNDERWRITING AGREEMENT February 7, 2007Underwriting Agreement • February 13th, 2007 • Anthracite Capital Inc • Real estate investment trusts • New York
Anthracite Capital, Inc., a corporation organized and existing under the laws of Maryland (the “Company”), proposes, subject to the terms and conditions stated in this agreement (this “Agreement”), to issue and sell to the several underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 300,000,000 shares (the “Firm Shares”) of its 8.25% Series D Cumulative Redeemable Preferred Stock, par value $.001 per share, liquidation preference $25.00 per share (the “Series D Preferred Stock”), and, for the sole purpose of covering over-allotments in connection with the sale of the Firm Shares, at the option of the Underwriters, up to an additional 450,000 shares (the “Additional Shares”) of Series D Preferred Stock. The Firm Shares and any Additional Shares purchased by the Underwriters are referred to herein as the “Shares.” Bear, Stearns & Co. Inc. (“Bear Stearns”) is acting as Representative in connection with the offering and sale of the Shares contemplated herein (the “O
