Capital Alliance Income Ltd., a residential mortgage real estate investment trust based in San Francisco, has reported receiving notification from the American Stock Exchange that it is not in compliance with Amex's continued listing standards.The warning letter from Amex gives the REIT until June 16 to file Form 10-QSB for the three months ended March 31 with the Securities and Exchange Commission. Richard Wrensen, CAIT's chief executive officer, said the reason for the delay in the filing is the additional time required to reclassify and report its taxable subsidiary, Capital Alliance Funding Corp., as an asset held for disposal at year-end 2005.

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