Manhattan Bridge Capital, Inc. Announces Change in Location of Annual Meeting of Shareholders

Rhea-AI Summary

Manhattan Bridge Capital (LOAN) has announced a change in the location of its Annual Meeting of Shareholders, now set to take place at 60 Cutter Mill Rd., Suite 205, Great Neck, NY on June 19, 2020, due to COVID-19 restrictions. The meeting will adhere to health protocols, requiring face coverings and temperature checks for attendees. Shareholders are encouraged to vote by mail or digitally and must notify the Company 48 hours in advance if planning to attend in person. Shareholders must have held shares as of May 1, 2020, to participate.

Positive

• The Company is taking health precautions for the safety of attendees during the Annual Meeting.
• Shareholders are encouraged to utilize proxy voting options, increasing participation.

Negative

• The change in location due to COVID-19 may affect in-person attendance and shareholder engagement.

GREAT NECK, N.Y., June 05, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced a change in the location of the Company’s Annual Meeting of Shareholders scheduled for Friday, June 19, 2020 at 9:00 a.m. local time. The meeting will now be held at the Company’s office located at 60 Cutter Mill Rd., Suite 205, Great Neck, NY 11021 on Friday, June 19, 2020 at 9:00 a.m. local time. As a result of the public health crisis presented by coronavirus (COVID-19) and the State of New York Governor’s Executive Orders, the prior designated location of the Company’s Annual Meeting is no longer available, and the Company is required to change the location of its Annual Meeting.

In light of the ongoing health risks relating to the COVID-19 coronavirus pandemic and the evolving public health measures being instituted by public officials, and to best protect the health and welfare of our employees, shareholders and community, the Company will abide by government social distancing mandates at the Annual Meeting, and will require all attendees to wear face coverings, wash their hands and have a temperature check prior to entering the Annual Meeting. Shareholders are nevertheless urged to vote their proxies by mail or by voting via the Internet or by telephone. If any Company shareholders intend to attend the Annual Meeting in person, the Company requires that all such shareholders notify the Company 48 hours in advance of their intention to attend the Annual Meeting and may e-mail the Company at info@manhattanbridgecapital.com. In addition, shareholders that previously planned to attend the annual meeting but will no longer attend may also e-mail any questions or concerns to info@manhattanbridgecapital.com.

For additional information regarding the Annual Meeting, please refer to the Company’s proxy materials filed with the Securities and Exchange Commission, including the Company’s definitive proxy statement filed on May 19, 2020.

As described in the proxy materials for the Annual Meeting, shareholders are entitled to attend and vote at the Annual Meeting only if they held shares as of the close of business on May 1, 2020, the record date designated by the Board of Directors for the meeting.

About Manhattan Bridge Capital, Inc.

Manhattan Bridge Capital, Inc. offers short-term secured, non–banking loans (sometimes referred to as ‘‘hard money’’ loans) to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. We operate the web site: https://www.manhattanbridgecapital.com.

FAQ

What is the new location for the Manhattan Bridge Capital Annual Meeting on June 19, 2020?

The Annual Meeting will now be held at 60 Cutter Mill Rd., Suite 205, Great Neck, NY.

What health measures will be in place during the LOAN Annual Meeting?

Attendees will be required to wear face coverings, wash hands, and undergo temperature checks.

What is the record date for shareholders to attend the Annual Meeting of LOAN?

Shareholders must have held shares as of May 1, 2020, to attend and vote at the meeting.

How can shareholders participate in the LOAN Annual Meeting if they cannot attend in person?

Shareholders are encouraged to vote by mail, online, or via telephone.