FT LLP is investigating potential claims on behalf of shareholders of Crystal River Capital Inc. arising from the Company’s announcement of its intent to be acquired by Brookfield Asset Management Inc.

On February 24, 2010, Crystal River announced that it entered into a merger agreement wherein Brookfield will acquire the Company. Under the terms of the agreement, Crystal River shareholders will receive $0.60 in cash for every share of Crystal River stock that they own in a transaction valued at approximately $15 million. The deal is expected to close in the second quarter of 2010. The Company’s stock was trading as high as $2.47 on August 3 and closed at $0.80 the day before the merger was announced. Moreover, it appears that several members of the Crystal River Board of Directors are affiliated with Brookfield and its various subsidiaries.

The investigation is focused on the potential unfairness of the below-market price to Crystal River shareholders and the process by which the Crystal River Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a Crystal River shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it