Washington, D.C. 20549


Current Report

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): March 20, 2006



(Exact Name of Registrant as specified in its charter)







(State or other jurisdiction
of incorporation)


(Commission File


(IRS Employer
Identification No.)

410 Park Avenue, 14th Floor, New York, NY 10022

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number, including area code: (212) 655-0220


(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))





Item 1.01

Entry Into a Material Definitive Agreement

On March 20, 2006, CT LF Funding Corp., a wholly owned subsidiary of the registrant (“CT LF”), executed a Confirmation (the “Confirmation”) with Liquid Funding, Ltd. (“Liquid Funding”) which is effective as of March 1, 2006. The Confirmation forms a part of the Master Repurchase Agreement, dated as of February 19, 2002 by and between CT LF and Liquid Funding as further supplemented by the Terms Annex dated as of March 1, 2005 (the “Facility”) and extends the Facility for another year so that it will expire on March 1, 2007. The foregoing description is qualified in its entirety by reference to the Confirmation, which will be attached as an exhibit to the Company's Quarterly Report on Form10-Q which the Company intends to file in May 2006. 






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.






By:     /s/ Geoffrey G. Jervis


      Name:     Geoffrey G. Jervis


      Title:       Chief Financial Officer



Date: March 22, 2006