Carlyle Fund Gets Default Notice After Margin Calls

Mar 6, 2008 (BLOOMBERG) — Carlyle Group’s publicly traded mortgage bond fund failed to meet margin calls and said it received a notice of default. Carlyle Capital Corp. missed four of seven margin calls yesterday totaling more than $37 million, the Guernsey, U.K.- based fund said today in a statement. The fund expects to get at least one more notice of default related to the margin calls. Full Report