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Stock impact report

Mill City Announces Stock Repurchase Program [Yahoo! Finance]

Mill City Ventures III, Ltd. (MCVT) 
NASDAQ:AMEX Investor Relations: millcityventures3.com/investors
Company Research Source: Yahoo! Finance
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 all strategies available to the Company," commented Chief Executive Officer Douglas M. Polinsky. "We believe our business is strong and growing as we move forward with new opportunities." The Company expects to finance any repurchase with existing cash balances. The stock repurchase program ma Show less Read more
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