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NovaStar NFI said it faces delisting from the New York Stock Exchange. The Kansas City, Mo., said its common shares will continue to trade on the NYSE while it appeals a determination that a change in its corporate structure leaves it short of the exchange's listing standards. The announcement comes a day after NovaStar said it sold some mortgage servicing rights to Saxxon for $175 million. Last month, NovaStar said it wouldn't pay a dividend, effectively terminating its tax-advantaged real estate investment trust status. Shares were halted late Wednesday after falling 39 cents in regular action to close at $7.31.
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