Syncora Holdings Ltd., whose stock price has fallen more than 99.5% since hitting a high of $34.58 last year, officially began trading over the counter yesterday after the New York Stock Exchange suspended trading of its shares.

The NYSE sent a notice to the bond insurer last week saying it planned to delist the stock, which no longer met two of its standards for listing. Syncora's stock fell out of compliance with the NYSE's rules on maintaining an average market capitalization of $75 million or more over a 30-day trading period and a stockholders' equity of no less than $75 million, as well as maintaining an average closing price of $1 or higher over a consecutive 30-day trading period.

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