Atlanta, Oct. 12, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announces that with a few exceptions, the firm has completed the distribution of $0.10/share dividend to all shareholders holding UCASU common shares by December 31, 2021.
"Many of our shareholders chose to receive their dividend via direct wire, while others have received their dividends by check. With a few exceptions, including those who received dividend checks but did not deposit or cash them, we are pleased most of our shareholders received their dividends," says Greg Bankston, managing partner of UC Asset.
"For the year of 2021, UC Asset reports a $0.12 per share net income. This net income, combined with a $0.03 per net equity increase resulting from buyback shares, will likely lead to a $0.15 per share net equity increase," says Bankston.
Looking forward, Bankston expects UC Asset will become more profitable and be able to distribute dividends higher than $0.10/share, as the company has switched its portfolio allocation strategy and now focuses on income-producing properties.
"Last month, we announced an exclusive partnership to develop properties designed specifically as short-rentals and lease them out through online platforms such as Airbnb. We plan to develop up to $50 million Airbnb properties under this exclusive partnership," explains Bankston.
"We put great efforts in searching high-yielding cannabis properties, as we have screened more than 500 cannabis growers and engaged more than a dozen of them. We are on the track to develop a cannabis property portfolio of $10-20 million."
Both Airbnb properties and cannabis properties are expected to yield stable and higher-than-average cash income in the form of rents. If UC Asset can successfully implement its new investment strategy, its cash income will likely improve, and it may be able to distribute dividends higher than the $0.10/share dividend it has just distributed.
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit:
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For More Information Contact: IR@UcAsset.com
Atlanta, Oct. 12, 2022 (GLOBE NEWSWIRE) -- UC Asset LP (OTCQX: UCASU) announces that with a few exceptions, the firm has completed the distribution of $0.10/share dividend to all shareholders holding UCASU common shares by December 31, 2021.
亚特兰大，2022年10月12日(环球通讯社)-UC Asset LP(OTCQX：UCASU)宣布，除少数例外，该公司已在2021年12月31日之前完成向持有UCASU普通股的所有股东分配每股0.10美元的股息。
"Many of our shareholders chose to receive their dividend via direct wire, while others have received their dividends by check. With a few exceptions, including those who received dividend checks but did not deposit or cash them, we are pleased most of our shareholders received their dividends," says Greg Bankston, managing partner of UC Asset.
UC Asset管理合伙人格雷格·班克斯顿表示：“我们的许多股东选择通过直接电汇获得股息，而其他股东则是通过支票获得股息。除了少数几个例外，包括那些收到股息支票但没有存入或兑现股息的人，我们很高兴我们的大多数股东都收到了股息。”
"For the year of 2021, UC Asset reports a $0.12 per share net income. This net income, combined with a $0.03 per net equity increase resulting from buyback shares, will likely lead to a $0.15 per share net equity increase," says Bankston.
班克斯顿表示：“2021年，UC Asset公布的每股净收益为0.12美元。这一净收入与回购股票导致的每股净股本增加0.03美元相结合，可能会导致每股净股本增加0.15美元。”
Looking forward, Bankston expects UC Asset will become more profitable and be able to distribute dividends higher than $0.10/share, as the company has switched its portfolio allocation strategy and now focuses on income-producing properties.
展望未来，班克斯顿预计UC Asset将变得更有利可图，能够分配高于每股0.10美元的股息，因为该公司已经改变了投资组合配置策略，现在专注于创收物业。
"Last month, we announced an exclusive partnership to develop properties designed specifically as short-rentals and lease them out through online platforms such as Airbnb. We plan to develop up to $50 million Airbnb properties under this exclusive partnership," explains Bankston.
班克斯顿解释说：“上个月，我们宣布了一项独家合作关系，将开发专为短租设计的房产，并通过爱彼迎等在线平台出租。我们计划在这一独家合作关系下开发价值高达5000万美元的爱彼迎房产。”
"We put great efforts in searching high-yielding cannabis properties, as we have screened more than 500 cannabis growers and engaged more than a dozen of them. We are on the track to develop a cannabis property portfolio of $10-20 million."
我们在寻找高产大麻资产方面付出了巨大努力，我们已经筛选了500多名大麻种植者，并聘请了十几名大麻种植者。我们正在开发一个价值1000-2000万美元的大麻房地产投资组合。
Both Airbnb properties and cannabis properties are expected to yield stable and higher-than-average cash income in the form of rents. If UC Asset can successfully implement its new investment strategy, its cash income will likely improve, and it may be able to distribute dividends higher than the $0.10/share dividend it has just distributed.
爱彼迎物业和大麻物业均有望以租金形式产生稳定且高于平均水平的现金收入。如果UC Asset能够成功实施其新的投资战略，其现金收入可能会有所改善，而且它可能能够分配高于刚刚分配的每股0.10美元的股息。
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit:
UC Asset LP是一家有限合伙企业，旨在以创新战略投资房地产，集中在佐治亚州亚特兰大的大都市地区。有关UC Asset的更多信息，请访问：
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
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For More Information Contact: IR@UcAsset.com
欲了解更多信息，请联系：IR@UcAsset.com
