Mill City Ventures III, Ltd. Shares To Resume At 7:30 a.m. ET
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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
8-K - Mill City Ventures III, Ltd (0001425355) (Filer)
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8-K - Mill City Ventures III, Ltd (0001425355) (Filer)
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- Reuters
Mill City Ventures III (NASDAQ:MCVT) reported $847.52 thousand in sales this quarter. This is a 24.96 percent increase over sales of $678.21 thousand the same period last year. 2022 Highlights Investment 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 58% increase. Pre-tax earnings from lending operations were $316,506 in the three-month period ended December 31, 2022, compared to $347,054 in the prior year period. For the 2022 full year, net gain from lending operations increased to
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4/A - Mill City Ventures III, Ltd (0001425355) (Issuer)