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) 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.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced the funding of a settled insurance claim valued at approximately $1.27 million, with a maturity date of 90 days from purchase. CEO Douglas M. Polinsky highlighted the appeal of settled-claims financing, citing its low-risk profile and potential annualized returns exceeding 30 percent. The company remains focused on meeting NASDAQ listing requirements. Caution is noted regarding forward-looking statements, which are subject to various risks and uncertainties including competition and changes in loan market rates.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reported significant financial growth for Q1 2021. Interest income surged 206% to $546,842, while earnings from operations fell to $12,984 due to $200,000 in officer bonuses. Shareholder equity rose by 37% to $13.3M, and net asset value per share increased 41% to $1.24. The Company aims to expand its loan offerings, leveraging third-party financing opportunities, notably with gunbroker.com, a subsidiary of Ammo, Inc. (NASDAQ: POWW). Risks include competition and market changes affecting loan rates.
Mill City Ventures III, Ltd. (OTCQB: MCVT) announced the acquisition of a settled insurance claim worth approximately $840,000. This investment is structured to mature in 90 days, highlighting the company's focus on settled-claims financing due to its low-risk profile and potential annualized returns exceeding 30%. CEO Douglas M. Polinsky emphasized the opportunity this presents for both the company and clients awaiting adjudicated settlements. Mill City is also actively working to fulfill NASDAQ listing requirements.
Mill City Ventures III, Ltd. (OTCQB: MCVT) reports nearly $8M in total financings for Q1 2021, including a $2M loan. CEO Douglas M. Polinsky highlights a strategic expansion in loan profiles, expecting current loans to deliver exceptional results. Significant loans include $1.8M for litigation funding related to California wildfires and a $3M bridge loan to a real estate firm managing $500M in apartment buildings. The company is actively working with NASDAQ to meet listing requirements.
Mill City Ventures III, Ltd. (OTCQB: MCVT) has participated in purchasing two settled insurance claims, investing approximately $1.3M. CEO Douglas M. Polinsky highlighted the company's ongoing funding opportunities and its role in expediting payments for adjudicated settlements. He emphasized that the returns for shareholders from these operations are significantly above risk-adjusted returns. The press release also mentions potential risks affecting Mill City's business, including competition and changes in the economy.
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