Mill City Ventures III, Ltd. - Common Stock (MCVT)

WAYZATA, MN / ACCESS Newswire / February 3, 2025 / Mill City Ventures III, Ltd. (NASDAQMCVT) announced today that it has entered into a Security Agreement with Mustang Funding, LLC. Under the Security Agreement, Mill City Ventures obtained a second-position lien on substantially all of Mustang Funding's assets to serve as collateral for Mill City Ventures' $10 million principal amount loan to Mustang Funding. [Mill City Ventures also entered into an Amended and Restated Subordination and Intercreditor Agreement with the senior lender to Mustang Funding, and, as earlier announced, contemporaneously amended its Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note with Mustang Funding. Mill City Ventures sought collateral for its loan pursuant to provisions that had been negotiated as part of its original lending transaction with Mustang Funding and in connection with its earlier-announced termination of its non-binding letter of intent with Mustang Funding.] The Security Agreement, deemed effective as of January 24, 2025, reinforces Mill City Ventures' commitment to risk-managed, short-term commercial lending strategies.

MINNEAPOLIS, MN / ACCESS Newswire / January 29, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), a non-bank lender and specialty finance company, announced today the execution of Amendment No. 5 to its Fourth Short-Term Loan Agreement and Fourth Short-Term Promissory Note ("the Note") with Mustang Funding, LLC. This amendment reflects continued collaboration between the parties and introduces several key updates to the agreement and Note, effective January 21, 2025.

MINNEAPOLIS, MN / ACCESSWIRE / January 13, 2025 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), a non-bank lender and specialty finance company, announced today certain select data from its 2024 short-term lending operations.

MINNEAPOLIS, MN / ACCESSWIRE / January 6, 2025 / Mill City Ventures III, Ltd. (NASDAQMCVT), a non-bank lender and specialty finance company, announced today its partial funding commitment of a $3 million aggregate loan commitment with a fast-growing Twin Cities-based operator of senior care facilities. The use of proceeds is to fund a short-term capital need while the operator/borrower seeks to obtain one or more longer-term sources of expansion capital.

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.

Investment Income from Lending Operations Increases 58%

MINNEAPOLIS, MN / ACCESSWIRE / October 16, 2024 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQMCVT), 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.

MINNEAPOLIS, MN / ACCESSWIRE / September 30, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), 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.

MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2024 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), 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.

MINNEAPOLIS, MN / ACCESSWIRE / August 15, 2024 / Mill City Ventures III, Ltd. (NASDAQMCVT) (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.

MINNEAPOLIS, MN / ACCESSWIRE / May 16, 2024 / Mill City Ventures III, Ltd. (NASDAQMCVT), 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:

MINNEAPOLIS, MN / ACCESSWIRE / September 11, 2023 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), 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.

MINNEAPOLIS, MN / ACCESSWIRE / March 10, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQMCVT) 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.

MINNEAPOLIS, MN / ACCESSWIRE / February 2, 2023 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQMCVT) 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.

MINNEAPOLIS, MN / ACCESSWIRE / December 14, 2022 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), a specialty short-term finance and non-bank lender, announced today that, in accordance with its previously announced letter of intent regarding a proposed merger transaction with Mustang Funding, LLC dba Mustang Litigation Funding ("Mustang"), it has entered into a $5 million short-term financing arrangement with Mustang in furtherance of the proposed merger. The related short-term note is scheduled to mature on the ninth-month anniversary of the loan.

MINNEAPOLIS, MN / ACCESSWIRE / December 6, 2022 / Mill City Ventures III, Ltd. ("Mill City") (NASDAQMCVT), 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 definitive agreement, but with the owners of Mustang receiving a sufficient number of shares of Mill City common stock such that they would own 80% of the total number of issued and outstanding shares of Mill City common stock on a post-transaction basis. The letter of intent is non-binding and obligates the parties only to work cooperatively and in good faith for the purpose of negotiating and entering into a definitive agreement governing the transaction.

MINNEAPOLIS, MN / ACCESSWIRE / November 21, 2022 / 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.

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MINNEAPOLIS, MN / ACCESSWIRE / November 3, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (Nasdaq:MCVT) announced today its funding of a settled insurance claim in the amount of $855,000. The related short-term note is expected to mature in 120 days and involve an annualized return of 33.5%.

MINNEAPOLIS, MN / ACCESSWIRE / November 2, 2022 / Mill City Ventures III, Ltd. (Nasdaq:MCVT) announced that Chief Executive Officer, Douglas Polinsky, and Chief Financial Officer, Joseph Geraci, are scheduled to present virtually at the Sidoti Investor Conference on Wednesday, November 9, 2022, at 12:15 p.m. ET.

MINNEAPOLIS, MN / ACCESSWIRE / October 18, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQMCVT) announced today it has provided $2.225 million of short-term debt financing to Liberated Syndication Inc. ("Libsyn"), a leading "Podcasting As A Service" platform, to facilitate Libsyn's recently announced acquisition of German podcast company Julep Media GmbH ("Julep").

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MINNEAPOLIS, MN / ACCESSWIRE / September 13, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQMCVT) announced today its funding of a settled insurance claim in the amount of $840,000. The related short-term note is expected to mature in 120 days with a payback of $933,334, representing an annualized return of 33.33%.

MINNEAPOLIS, MN / ACCESSWIRE / August 24, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQMCVT) announced today its funding of a settled insurance claim in the amount of $550,000. The related short-term note is expected to mature in 120 days with a payback of $616,667, representing an annualized return of 36.36%.

MINNEAPOLIS, MN / ACCESSWIRE / August 16, 2022 / Mill City Ventures III, Ltd. (NASDAQMCVT) (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, 2022.