Mill City completes two additional insurance settlement fundings

Rhea-AI Summary

Mill City Ventures III, Ltd. (OTCQB: MCVT) has participated in purchasing two settled insurance claims, investing approximately $1.3M. CEO Douglas M. Polinsky highlighted the company's ongoing funding opportunities and its role in expediting payments for adjudicated settlements. He emphasized that the returns for shareholders from these operations are significantly above risk-adjusted returns. The press release also mentions potential risks affecting Mill City's business, including competition and changes in the economy.

Positive

• Investment of approximately $1.3M in insurance claims expected to yield high returns for shareholders.
• Continued identification of funding opportunities within core funding programs.

Negative

• Risks associated with competition in the short-term lending sector could impact performance.
• Potential economic fluctuations and changes in interest rates may pose challenges.

MINNEAPOLIS, March 16, 2021 /PRNewswire/ -- Mill City Ventures III, Ltd. ("Mill City") (OTCQB: MCVT) announced today its participation in a purchase of two settled insurance claims. Mill City's portion of participation was approximately $1.3M.

Mill City Chief Executive Officer Douglas M. Polinsky said, "The new year has continued to bring new funding opportunities within the scope of our core funding programs. Again, we are able to provide a valuable service in allowing people due money on adjudicated settlements to wait no longer than necessary for their money."

"Additionally, the returns we can realize for our shareholders is significantly above risk-adjusted returns."

Mill City's forward-looking statements in this release are made pursuant to the "safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements, including without limitation continued demand for short-term specialty non-bank loans, increased levels of competition, new products or offerings introduced by competitors, changes in the general economy, changes in interest rates or the market for loans, and other risks.

About Mill City Ventures III, Ltd.
Founded in 2007, Mill City Ventures III, Ltd., is a specialty finance company providing short-term non-bank lending. Additional information can be found at www.sec.gov.

View original content:http://www.prnewswire.com/news-releases/mill-city-completes-two-additional-insurance-settlement-fundings-301248518.html

SOURCE Mill City Ventures III, Ltd.

FAQ

What is the recent investment made by Mill City Ventures III, Ltd.?

Mill City Ventures III, Ltd. has invested approximately $1.3M in two settled insurance claims.

What does Mill City Ventures III, Ltd. focus on for funding?

The company focuses on providing short-term non-bank lending and identifying funding opportunities.

What are the potential risks mentioned in Mill City's press release?

Potential risks include competition, economic changes, and fluctuations in interest rates affecting business performance.

How does Mill City Ventures III, Ltd. plan to benefit its shareholders?

The company aims to provide significantly above risk-adjusted returns through its investments and funding activities.

When was the press release by Mill City Ventures III, Ltd. issued?

The press release was issued on March 16, 2021.