FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Syncora Private Trust Co Ltd

2. Date of Event Requiring Statement (MM/DD/YYYY)
11/19/2008 

3. Issuer Name and Ticker or Trading Symbol

SYNCORA HOLDINGS LTD [SCA]

(Last)        (First)        (Middle)

RICHMOND HOUSE, 12 PAR LA VILLE ROAD

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
_____ Officer (give title below)          ___ X ___ Other (specify below)
/ Trustee of trust owning > 10%

(Street)

HAMILTON, D0 HM081       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Shares   0   (1) (2) I   See footnotes   (1) (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Reporting Person is filing this Form 3 solely because it may be deemed to have beneficial ownership pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of 30,069,049 shares of Common Shares, par value $.01 per share (the "Shares"), of Syncora Holdings Ltd ("Syncora") that Reporting Person holds as trustee of the CCRA Purpose Trust and that are subject to the shareholder agreement dated November 18, 2008 between Syncora and Reporting Person (the "Shareholder Agreement"). For additional information regarding the Shareholder Agreement, see the Statement on Schedule 13D filed by Reporting Person on the date hereof.
( 2)  Neither the filing of this Form 3 nor any of its contents shall be deemed to constitute an admission by Reporting Person that it is the beneficial owner of the Shares for purposes of Section 13(d) of the Exchange Act, or for any other purpose, and such beneficial ownership thereof is expressly disclaimed. Reporting Person does not have any "pecuniary interest" in the Shares.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Syncora Private Trust Co Ltd
RICHMOND HOUSE
12 PAR LA VILLE ROAD
HAMILTON, D0 HM081


Trustee of trust owning > 10%

Signatures
/s/ Craig MacIntyre 11/26/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Stellus Capital Investment (NYSE:SCA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Stellus Capital Investment Charts.
Stellus Capital Investment (NYSE:SCA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Stellus Capital Investment Charts.