SC 13D/A - Mill City Ventures III, Ltd (0001425355) (Subject)

SC 13D/A - Mill City Ventures III, Ltd (0001425355) (Subject)

SC 13D/A - Mill City Ventures III, Ltd (0001425355) (Subject)

SC 13D/A - Mill City Ventures III, Ltd (0001425355) (Subject)

4 - Mill City Ventures III, Ltd (0001425355) (Issuer)

4 - Mill City Ventures III, Ltd (0001425355) (Issuer)

4 - Mill City Ventures III, Ltd (0001425355) (Issuer)

4 - Mill City Ventures III, Ltd (0001425355) (Issuer)

4 - Mill City Ventures III, Ltd (0001425355) (Issuer)

4/A - Mill City Ventures III, Ltd (0001425355) (Issuer)

4 - Mill City Ventures III, Ltd (0001425355) (Issuer)

MINNEAPOLIS, MN / ACCESSWIRE / January 13, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today certain select data from its 2024 short-term lending operations.Mill City's short-term loan activity in fiscal year 2024 included the following:$17,145,000 in principal amount of loan extensions for six loans$4,550,000 in principal amount for four new short-term loans$8,507,500 in principal amount of maturities for seven short-term loansThe four new short-term loans originated during the year have a weighted-average yield (excluding all applicable fees) of 27.49% per annum."With approximately $6M of current liquidity and

MINNEAPOLIS, MN / ACCESSWIRE / January 6, 2025 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its partial funding commitment of a $3 million aggregate loan commitment with a fast-growing Twin Cities-based operator of senior care facilities. The use of proceeds is to fund a short-term capital need while the operator/borrower seeks to obtain one or more longer-term sources of expansion capital."We are pleased to continue our lending relationship with Coventry Holdings of Minnesota, LLC. The commitment is made to allow Coventry to continue working toward their expansion plans of an additional seven facilities over the next couple o

MINNEAPOLIS, MN / ACCESSWIRE / November 12, 2024 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and nine-month periods ended September 30, 2024.3Q 2024 HighlightsPre-tax earnings from lending operations increased in the third quarter to $589,283 from $305,960 in the prior-year period, a 93% increase. In the nine-month period, pre-tax earnings reached $1.26 million compared to a loss of $(277,763) in the prior-year period resulting in a net earnings of $0.20 earnings per share compared to a loss of $(0.04) per share in the prior-year period.Investment income from l

MINNEAPOLIS, MN / ACCESSWIRE / October 16, 2024 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT), a non-bank lender and specialty finance company, today announced the Company's Board of Directors has approved a stock repurchase program up to $2,000,000 for its common stock. Acquisitions pursuant to this stock repurchase program may be made through a combination of open market repurchases in compliance with Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, privately negotiated transactions, and/or other transactions at the Company's discretion."Our stock buyback initiative reflects our firm commitment to maximizing shareholder value in a

MINNEAPOLIS, MN / ACCESSWIRE / September 30, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its funding of a $2 million short-term loan to facilitate three holiday attractions being undertaken by Enchant Christmas, LLC in Las Vegas, San Jose, and Seattle.Douglas Polinsky, Mill City CEO, stated "Enchant Christmas is the premiere holiday festival in North America, and we at Mill City are thrilled to be their financing partner." Mr. Polinsky goes on to say "Last holiday season Enchant generated $54 million in revenue over six-weeks between Thanksgiving and the New Years Day."The loan exemplifies the growing deman

MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its funding of a $1.15 million short-term loan in facilitation of two senior care development projects."This investment represents our first foray into the fast growing senior, memory and respite care industry," stated Mill City CEO Douglas M. Polinsky. He added "Our streamlined underwriting process allowed us to get involved in this transaction late in the game and still meet the closing deadline for this promising and much needed project. The funding also allows us to continue meeting our goal of obtaining returns exc

MINNEAPOLIS, MN / ACCESSWIRE / August 15, 2024 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and six-month periods ended June 30, 2024.2Q 2024 HighlightsPre-tax earnings from lending operations increased in the second quarter to $490,570 from $337,457 in the prior-year period, a 45% increase. In the six-month period, pre-tax earnings reached $962,150 compared to a loss of $(690,332) in the prior-year period resulting in a net earnings of $0.12 earnings per share compared to a loss of $(0.10) per share in the prior-year period.Investment income from lending operat

MINNEAPOLIS, MN / ACCESSWIRE / May 16, 2024 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, disclosed its revenue and net income for the quarter ended March 31, 2024 with the filing of its quarterly report on Form 10-Q on Wednesday, May 15, 2024. The filing reported that:Interest income from lending operations remained relatively flat at $832,667 compared to $864,028 for the year ago period;Pre-tax earnings from lending operations increased to $471,580 compared to a loss of $(1,025,767) in the prior-year period resulting in net earnings of $0.06 earnings per share compared to a loss of $(0.12) per share; andShareholder equity increased to $18.97

MINNEAPOLIS, MN / ACCESSWIRE / September 11, 2023 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it extended an additional $1 million of short-term loan principal to Mustang Funding LLC d/b/a Mustang Litigation Funding ("Mustang") and refinanced and extended earlier provided short-term loan principal.In December 2022, Mill City announced that it had entered into a non-binding letter of intent with Mustang contemplating a merger combination transaction with Mustang. Contemporaneously, Mill City provided Mustang with a $5 million short-term loan to provide additional capital. The most recent $1 million of add

Investment Income from Lending Operations Increases 58%Shareholder Equity Increases 36.7%Mustang Acquisition on Pace to Close in 2023 Second HalfMINNEAPOLIS, MN / ACCESSWIRE / April 17, 2023 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and full year-month periods ended December 31, 2022.2022 HighlightsInvestment income from lending operations increased 24.9% to $847,518 in the three-month period ended December 31, 2022, from $678,209 in the prior year period. For the 2022 full year, investment income was $4,199,453 compared to $2,656,201 in 2021, a $1,543,252 or

10-K - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)

DEFA14A - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)

DEF 14A - Mill City Ventures III, Ltd (0001425355) (Filer)

8-K - Mill City Ventures III, Ltd (0001425355) (Filer)