Mill City Ventures Makes $1.2 Million Short-Term Loan
Mill City Ventures Makes $1.2 Million Short-Term Loan
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.
明尼阿波里斯，明尼秀克達州/ACCESSWIRE/2023年3月10日/亞洲網加利福尼亞州聖約瑟10月24日電納斯達克市場代碼：MCVT)今天宣佈，它已經完成了一筆120萬美元的貸款的融資。相關短期本票在120天內到期，預計年化收益率為33.6%。該短期票據以與借款人的金融業務相關的資產作為擔保。
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 believe it will generate favorable terms for Mill City and meets the short-term needs of our customer."
Mill City首席執行官道格拉斯·M·波林斯基表示：“這筆最新的貸款是向Mill City的另一個長期客戶發放的，該客戶的金融相關業務非常強勁。我們過去曾多次與該客戶合作，我們對這一貸款解決方案的結構非常滿意。我們相信，它將為Mill City帶來有利的條款，並滿足我們客戶的短期需求。”
About Mill City
Founded in 2007, Mill City is a short-term non-bank lending and specialty finance company. Additional information can be found at www.sec.gov.
關於米爾市
Mill City成立於2007年，是一家短期非銀行貸款和專業金融公司。欲瞭解更多資訊，請訪問www.sec.gov。
Forward-Looking Statements and Safe Harbor Notice
前瞻性陳述和安全港通知
All statements other than statements of historical facts included in this press release are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include our expectations and those statements that use forward-looking words such as "projected," "expect," "possibility" and "anticipate." The achievement or success of the matters covered by such forward-looking statements involve significant risks, uncertainties and assumptions. Actual results could differ materially from current projections or implied results. Investors should carefully read the risk factors set forth in the Company's prospectus contained within the Form S-1 filed with the SEC on April 26, 2022, as amended, subsequent filings and future periodic reports filed with the SEC. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
除有關歷史事實的陳述外，本新聞稿中包含的所有陳述均為“前瞻性陳述”(根據1995年“私人證券訴訟改革法”的定義)。此類前瞻性表述包括我們的期望以及使用“預計”、“預期”、“可能”和“預期”等前瞻性辭彙的表述。這些前瞻性陳述所涵蓋事項的實現或成功涉及重大風險、不確定因素和假設。實際結果可能與當前的預測或隱含的結果大不相同。投資者應仔細閱讀2022年4月26日提交給美國證券交易委員會的S-1表格中包含的招股說明書(經修訂)、後續提交給美國證券交易委員會的檔案和未來的定期報告中列出的風險因素。該公司的所有前瞻性陳述都明確地受到所有此類風險因素和其他警告性陳述的限制。
The Company cautions that statements and assumptions made in this press release constitute forward-looking statements and make no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. The information set forth herein speaks only as of the date hereof. The Company and its management undertake no obligation to revise these statements following the date of this news release, other than as required by law.
公司提醒，本新聞稿中的陳述和假設屬於前瞻性陳述，不能保證未來的業績。前瞻性陳述是基於作出陳述時管理層的估計和意見。此處提供的資訊僅代表截止日期的資訊。除法律要求外，本公司及其管理層沒有義務在本新聞稿發佈之日後修改這些陳述。
Contact:
Joseph A. Geraci, CFO
952-479-1920
聯繫方式：
首席財務官約瑟夫·A·格拉奇
952-479-1920
Investor Contact:
TraDigital IR
John McNamara
917-658-2602
john@tradigitalir.com
投資者聯繫方式：
曲吉紅外線
約翰·麥克納馬拉
917-658-2602
郵箱：john@strigitalir.com
SOURCE: Mill City Ventures III Ltd.
資料來源：MILL City Ventures III Ltd.
譯文內容由第三人軟體翻譯。