SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported)	September 10, 2007
Crystal River Capital, Inc.
(Exact Name of Registrant as Specified in its  Charter)
Maryland
(State or Other Jurisdiction of Incorporation)
001-32958		20-2230150
(Commission File Number)		(I.R.S. Employer Identification No.)
Three World Financial Center, 200 Vesey Street, 10th Floor  New York, New York			10281-1010
(Address of Principal Executive Offices)			(Zip Code)
(212) 549-8400
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(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.):
|_| 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 8.01 Other Events.

On September 10, 2007, Crystal River Capital, Inc. (the “Company”) issued a press release announcing that its board of directors had declared a cash distribution of $0.68 per share on the Company’s common stock for the quarter ended September 30, 2007. This cash distribution is payable on October 26, 2007 to stockholders of record as of the close of business on September 28, 2007.

A copy of the press release is attached to this Current Report on Form 8−K as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.	Financial Statements and Exhibits.
(d)	Exhibits
	Exhibit Number	Description
	99.1	Press Release dated September 10, 2007

SIGNATURES

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

	Crystal River Capital, Inc.
September 10, 2007	By:	/s/  Clifford E. Lai
		Name:  Clifford E. Lai
		Title:  President and Chief Executive Officer

EXHIBIT INDEX

Exhibit

99.1 Press Release dated September 10, 2007