Tuesday, November 21, 2006

Marvin Schwartz Discloses 5.32% Stake in WCI Communities (WCI)

In a 13D filing on WCI Communities Inc. (NYSE: WCI) this morning, Marvin C. Schwartz, a Managing Director of Neuberger Berman LLC, disclosed a 5.32% stake (2.23 million shares) in the company. The stake in personal and not as an employee of Neuberger Berman.

Mr. Schwartz does not presently have any plans or proposals that relate to or would result in any of the actions required to be described in Item 4 of Schedule 13D.

The news follows recent disclosures showing stakes in WCI owned by Carl Icahn and Bill Gates.

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