2008 FYE Marked by Increased Investment Volume for WNC

Although the tax credit industry continues to change and bring challenges to tax credit syndicators nationwide, WNC’s year end concluded with an increase in the amount of equity raised over last year.

WNC closed one national, four state, six private and three NMTC funds, representing a 5% increase in equity raised, and doubling the number of funds closed over last year. WNC’s total portfolio has now grown to over $3.8 billion. Additionally, nearly 98% of WNC’s top investors gave WNC a “meets or exceeds expectations” rating in a customer satisfaction survey.

“Years ago WNC foresaw and prepared for change, and this year was indeed a challenging one. I am proud that the WNC staff continues to show the necessary teamwork and flexibility to solve the problems a tumultuous industry has thrown at them. With a diverse investor base made of 92% repeat clients, WNC is well situated to thrive in this changing environment,” remarked WNC President and CEO Wilfred N. Cooper, Jr., as he thanked his staff.

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