Welcome to our dedicated page for Mill City Ventur news (Ticker: MCVT), a resource for investors and traders seeking the latest updates and insights on Mill City Ventur stock.
Mill City Ventures III Ltd (MCVT) delivers specialty finance solutions through secured, short-term lending arrangements. This news hub provides investors and stakeholders with comprehensive updates on the company's financial activities and market position.
Access timely updates including earnings reports, strategic partnerships, and regulatory filings. Our curated collection offers essential insights into MCVT's asset-backed lending operations and risk management practices.
Key coverage areas include quarterly financial results, loan portfolio expansions, executive leadership updates, and industry-specific developments. All content maintains factual accuracy while avoiding speculative analysis.
Bookmark this page for streamlined access to MCVT's evolving story in non-bank lending. Verify critical information directly from source materials while tracking the company's progress in specialty finance markets.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced a historic funding of $3.9 million for a 350-unit apartment complex, marking its largest single investment to date. This short-term note is expected to yield an annualized return of approximately 20%. With a recent credit facility closing, the company aims to expand funding opportunities across various sectors, including adjudicated insurance settlements and real-estate-backed loans. Mill City continues to work with NASDAQ to meet listing requirements.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced funding of a $1.25M settled insurance claim, which matures in 120 days. CEO Douglas M. Polinsky stated that participating in settled claims is a favorable risk-reward opportunity, offering higher returns at lower risk. The company's focus remains on various lending avenues including settled claims, asset-based loans, and real estate-backed loans. Mill City is also working with NASDAQ to meet listing requirements. The announcement includes forward-looking statements that highlight potential risks and uncertainties affecting future results.
Mill City Ventures III, Ltd. (OTCBB: MCVT) has announced a new $5 million revolving credit facility to enhance its lending capacity. This facility aims to leverage the company's current loan portfolio and meet increasing demand for loans. Management anticipates that this funding will support future earnings growth without causing equity dilution. The credit line is established with a respected board member, highlighting the confidence in the company’s expansion strategy. Specific loan terms were detailed in a current SEC report.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant financial growth for Q3 2021, with interest income increasing 163% to $755k compared to $287k in Q3 2020. Earnings from operations soared 386% to $516k from $106k the previous year. Shareholder equity rose 13% to $13.4M despite paying out $1.5M in dividends. The company is focused on short-term specialty loans, including real estate and litigation financing. CEO Douglas M. Polinsky highlighted the company's strong operational performance and commitment to returning capital to shareholders.
Mill City Ventures III, Ltd. (MCVT) has successfully completed a secured loan of $1.25 million. This asset-backed loan is collateralized by an aviation aircraft, showcasing an attractive appraised value-to-loan ratio. CEO Douglas M. Polinsky emphasized the rapid execution of the loan process and highlighted the company's ability to source diversified loans with varying risk levels, aiming to deliver substantial returns to investors. Specific loan terms were not disclosed, and the company remains focused on the evolving demand for specialty non-bank loans.
Mill City Ventures III, Ltd. (OTCQB: MCVT) has declared a cash dividend of $0.10 per share on its outstanding common stock, set to be payable on October 29, 2021. The record date for stockholders is October 15. CEO Douglas M. Polinsky highlighted that the lending business has experienced significant growth, achieving record revenues and profits, leading to this dividend as a return on investment for shareholders. The company is also pursuing an up listing with NASDAQ.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced its funding participation in a settled insurance claim valued at approximately $1.08M. This investment has a maturity date of 90 days from the date of purchase. CEO Douglas M. Polinsky noted that these claims represent a favorable risk and reward for shareholders, offering higher returns with lower risks. Mill City is also exploring other lending opportunities including asset-based loans and real estate backed loans. The company is actively working with NASDAQ to meet listing requirements.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced a funding of an insurance claim worth $1.23M on August 17, 2021. This investment has a maturity value and is expected to mature in approximately 100 days. The company is actively working with NASDAQ to fulfill listing requirements. The press release also includes forward-looking statements highlighting potential risks such as market demand fluctuations and increasing competition in the non-bank lending sector.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant growth for Q2 2021, with interest income soaring by 144% to $675,549 compared to Q2 2020. Earnings from operations surged 515% to $425,393. Shareholder equity increased by 22% to $14.2M since December 2020. The company expanded its loan portfolio from $2.8M to $10.9M within six months. CEO Douglas M. Polinsky highlighted the opportunity for growth through financing buyers on gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). The company is also pursuing other financing avenues.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced funding of a $1.48M settled insurance claim. This investment, with a maturity date of 100 days from purchase, reflects the company’s strategy to provide lower-risk, higher-return opportunities. CEO Douglas M. Polinsky emphasized their commitment to expediting financing for clients awaiting adjudicated settlements. Mill City is also working with NASDAQ to meet listing requirements. The company faces uncertainties regarding demand for non-bank loans and competition in the specialty finance sector.
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