Alan P. Hirmes has retired as chief operating officer of CharterMac, New York, and as a member of the company's board.Mr. Hirmes also retired as a member of the board of trustees of American Mortgage Acceptance Corp., a mortgage real estate investment trust advised by an affiliate of CharterMac. Mr. Hirmes, a founder of CharterMac's predecessor company, Related Capital Co., said he plans to devote his time to his family and "outside community interests." CharterMac can be found on the Web at http://www.chartermac.com.

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