X0303 4 2010-10-06 0001043325 CENTERLINE HOLDING CO CLNH.OB 0001486745 C3 Initial Assets LLC C/O ISLAND CAPITAL GROUP LLC 717 FIFTH AVENUE NEW YORK NY 10022 0 0 1 0 Common Shares 2010-10-06 4 D 0 139663545 A 139663545 D Special Series A Shares 2010-10-06 4 C 0 139663545 D Common Shares 139663545 0 D The Special Series A Shares were converted into Common Shares at the rate of 15 for 1 automatically upon approval by the shareholders of the Issuer of an amendment to the Issuer's Restated Trust Agreement to increase the number of Common Shares authorized for issuance to 800,000,000, which approval was obtained on October 6, 2010. /s/ Jeffrey P. Cohen, President 2010-10-15