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/A - Mill City Ventures III, Ltd (0001425355) (Issuer)
4/A - Mill City Ventures III, Ltd (0001425355) (Issuer)
4/A - Mill City Ventures III, Ltd (0001425355) (Issuer)
4/A - 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)
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
MINNEAPOLIS, MN / ACCESSWIRE / March 10, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has completed the financing of a $1.2 million loan. The related short-term promissory note matures in 120 days and is expected to generate a 33.6% annualized return. The short-term note is secured by assets related to the borrower's finance business.Mill City Chief Executive Officer, Douglas M. Polinsky, said, "This latest loan was made to another longtime customer of Mill City's with a robust finance related business. We've worked with this customer a number of times in the past and we're very happy with the structure of this lending solution. We belie
MINNEAPOLIS, MN / ACCESSWIRE / February 2, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today it has provided a $2.5 million bridge loan for a multi-family unit real-estate venture. The financing is expected to mature in 6 months and generate an 18% current return. The short-term loan is secured by personal guarantees from the borrower's principal owners.Mill City Chief Executive Officer, Douglas M. Polinsky, said, "This latest loan was made to a longtime customer of Mill City's with a robust real-estate business. We were able to structure the loan and fund it in a very short period of time and will generate very favorable terms for Mill City. It
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8-K - Mill City Ventures III, Ltd (0001425355) (Filer)
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8-K - Mill City Ventures III, Ltd (0001425355) (Filer)
10-Q - Mill City Ventures III, Ltd (0001425355) (Filer)
10-Q - Mill City Ventures III, Ltd (0001425355) (Filer)
10-K - Mill City Ventures III, Ltd (0001425355) (Filer)
NT 10-K - Mill City Ventures III, Ltd (0001425355) (Filer)
10-Q - Mill City Ventures III, Ltd (0001425355) (Filer)
NT 10-Q - Mill City Ventures III, Ltd (0001425355) (Filer)
8-K - Mill City Ventures III, Ltd (0001425355) (Filer)
- 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
Gainers World Acceptance (NASDAQ:WRLD) stock moved upwards by 22.9% to $99.57 during Thursday's regular session. Trading volume for this security as of 12:30 EST is 134.7K, which is 154.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $623.0 million. As per the press release, Q3 earnings came out today. Metalpha Technology (NASDAQ:MATH) stock rose 14.35% to $0.58. The market value of their outstanding shares is at $15.5 million. LendingTree (NASDAQ:TREE) shares rose 9.89% to $35.27. Trading volume for this security as of 12:30 EST is 183.5K, which is 66.2% of its average full-day volume over the last 100 days. The company's marke
Mill City Ventures III, Ltd. ("Mill City") (NASDAQ:MCVT), a specialty short-term finance and non-bank lender, announced today that it has entered into a non-binding letter of intent for a merger transaction with Mustang Funding, LLC dba Mustang Litigation Funding ("Mustang"), a Delaware limited liability company owning and operating a Minneapolis-based litigation finance business focusing on the long-term capital needs of law firms, plaintiffs and vendors. Mustang has associated offices in Plymouth Meeting, Pennsylvania and Sarasota, Florida. The letter of intent contemplates Mill City's acquisition of Mustang through a legal structure that is to be determined in connection with reaching a d
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, 2022. 3Q 2022 Highlights Investment income from lending operations increased 47.5% to $1,115,224 in the three-month period ended September 30, 2022, from $755,601 in the prior year period. For the nine-month period, investment income was $3,351,935 compared to $1,977,992 in the prior year period, a 69% increase. Net loss in the third quarter was ($64,568) compared to a gain of $516,019 in the prior year period. The loss in the third quarter was driven primarily by profe