Shares in Carlyle Capital Plunge

(03-11) 04:40 PDT AMSTERDAM, Netherlands (AP) —

Shares in troubled mortgage-bond fund Carlyle Capital Corp. Ltd. are plunging after regulators lifted a halt to trading in Amsterdam.

Shares were suspended Thursday after tumbling more than 50 percent on news that the London-based fund was hit with default notices from creditors and that it was unable to meet margin calls.

Shares of the stock are down 21 percent to $3.95 (2.57 euros) Tuesday.

The fund, managed by a unit of Washington D.C.-based Carlyle Group, is in talks with remaining lenders to prevent them from foreclosing on $16 billion in securities.



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