NORTH ANDOVER, MA , Aug. 19, 2021 (Globe NEWSWIRE) — Princeton Money Company (OTC:PIAC) (“Princeton” or the “Company”), now furnished an update on its critique of strategic alternate options.
On November 15, 2019, the Firm declared that the Company’s Board of Administrators experienced initiated a strategic evaluate system to discover, examine, and take into consideration a selection of strategic alternate options out there to the Business, including but limited to, (i) offering the Company’s property to a enterprise improvement firm or other possible purchaser, (ii) merging with an additional small business growth business, (iii) liquidating the Company’s property in accordance with a program of liquidation, (iv) raising supplemental money for the Company, or (v) if not entering into yet another business mix, with the objective of maximizing stockholder benefit.
The Company’s strategic choices have been improved by significant valuation growth in the Company’s portfolio of investments of 31.28% in the second quarter of 2021 and 48.26% for the calendar calendar year as a result of June 30, 2021, as described in the Company’s Sort 10-Q filings for the to start with two quarters of 2021.
When the COVID-19 pandemic quickly slowed the Company’s initiatives, the Company and its Board continue to be lively in reviewing strategic options with the continued objective of maximizing stockholder value. The Board is open to any options for maximizing stockholder benefit, including a prospective strategic transaction.
The Board and the Company’s administration team plan to go on to move forward in a well timed and orderly way, but have not established a definitive timetable for completion of the strategic procedure. There can be no assurance of a profitable consequence from these efforts, or of the type or timing of any such outcome.
For much more info about the Company, please assessment the Company’s filings, which includes the Company’s most current Quarterly Report on Kind 10-Q for the quarter ended June 30, 2021, which are accessible on its site at https://ir.princetoncapitalcorp.com/all-sec-filings or the U.S. Securities and Exchange Commission web page at www.sec.gov.
About Princeton Cash Company
Princeton Money Company is an externally managed, non-diversified, shut-end expense firm that has elected to be regulated as a business enterprise growth enterprise under the Expenditure Enterprise Act of 1940, as amended. Princeton Funds Corporation’s financial commitment objective is to optimize the whole return to our stockholders in the type of current money and capital appreciation via the financial debt securities and associated equity investments. The Company’s investment functions are currently managed by its Financial investment Adviser, Residence Hanover, LLC, which is an expense adviser registered less than the Financial investment Advisers Act of 1940, as amended.
Forward-On the lookout Statements
Statements involved herein might represent “forward-wanting statements,” which relate to foreseeable future functions or our long term effectiveness or fiscal condition. These ahead-wanting statements are not ensures of future overall performance, issue or final results and contain a amount of pitfalls and uncertainties. True benefits may vary materially from those in the ahead-looking statements as a result of a number of elements, which includes those described from time to time in our filings with the U.S. Securities and Trade Commission. Princeton Cash Company undertakes no duty to update any forward-searching statements designed herein. All forward-looking statements talk only as of the time of this push launch.
Gregory J. Cannella, Chief Fiscal Officer (978) 794-3366 [email protected]
Copyright 2021 GlobeNewswire, Inc.