Welcome to our dedicated page for MMAC news (Ticker: MMAC), a resource for investors and traders seeking the latest updates and insights on MMAC stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MMAC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MMAC's position in the market.
MMA Capital Holdings (Nasdaq: MMAC) reported Q2 2021 financial results, revealing a common shareholders' equity of $277.4 million or $47.64 per share. Notably, Book Value dropped by $2.8 million, a 1.0% decline, while Adjusted Book Value fell to $213.6 million. The company experienced a comprehensive loss of $2.8 million, with net income before income taxes reported at $0.2 million. A special stockholder meeting is set for August 10, 2021, regarding a merger proposal to convert shares into $27.77 in cash.
MMA Capital Holdings has announced a definitive merger agreement with Fundamental Advisors LP in an all-cash transaction valued at $161.7 million. Shareholders will receive $27.77 per share, a 35% premium over the 90-day volume-weighted average share price and a 62% premium over the May 21, 2021 closing price. The merger aims to enhance capital access for MMA's growth in renewable energy financing. The transaction, approved by MMA's Board of Directors, is expected to close in Q3 2021, subject to stockholder approval and customary conditions.
MMA Capital Holdings (MMAC) reported its Q1 2021 financial results on May 17, 2021. Key highlights include a comprehensive loss of $9.7 million, primarily due to equity losses from renewable energy joint ventures. Book Value declined by $9.6 million to $280.3 million, with Book Value per share decreasing to $48.12. Adjusted Book Value fell to $217.5 million, or $37.34 per share. The challenges stemmed from the impact of winter storms on solar projects in Texas. The company expects to mitigate risks while maintaining a positive outlook on its renewable portfolio.
MMA Capital Holdings (MMAC) announced its financial results for the year ending December 31, 2020. The company reported a Book Value of $289.9 million, or $49.81 per share, reflecting a quarterly increase of $12.3 million. Net income for the quarter was $8.9 million, or $1.53 per share. However, exposure to the Texas energy market due to winter storms could lead to projected losses up to $4.00 per share in Q1 2021. The company's renewable energy investments yielded an 11.5% return, highlighting their resilience amidst challenges.
MMA Capital Holdings (NASDAQ: MMAC) announced it will file its Annual Report on Form 10-K on March 31, 2021, and host a conference call on April 2, 2021, at 8:30 a.m. ET to discuss financial results for the year ended December 31, 2020. Interested parties can join the live webcast via the company's website or by phone. An archive of the call will be available through April 9, 2021. MMA Capital focuses on infrastructure-related investments, particularly in renewable energy projects, aiming for positive social impacts and attractive returns for shareholders.
MMA Capital Holdings (Nasdaq: MMAC) announced key leadership changes on March 4, 2021. Francis X. Gallagher, Jr. resigned as Chairman of the Board effective March 3, 2021, with Michael L. Falcone appointed as the new Chair. J.P. Grant III takes on the role of lead independent director. Gary Mentesana has been named the new CEO, emphasizing continuity in leadership. The company focuses on infrastructure investments with positive social and environmental impacts. These changes may influence shareholder confidence and future business strategies.
MMA Capital Holdings (Nasdaq: MMAC) reported third-quarter results for 2020, revealing a Book Value of $277.6 million, or $47.74 per share, up $3.1 million from the prior quarter. The Adjusted Book Value rose by $4.3 million to $221.5 million, with a per share value of $38.08. Comprehensive income reached $3.0 million, while net income before taxes was $4.0 million, or $0.70 per share. CEO Gary Mentesana highlighted a 11.1% net return on renewable energy investments amid COVID-19 challenges, emphasizing a cautious liquidity approach.
MMA Capital Holdings, Inc. (NASDAQ: MMAC) will host a conference call on November 12, 2020, at 8:30 a.m. ET to discuss its financial results for Q3 2020, ending September 30, 2020. Investors can join via the webcast on the Company's website or by calling designated phone numbers for U.S. and international participants. An archived replay will be available until November 19, 2020.
MMA Capital focuses on infrastructure investments with positive social and environmental impacts, primarily in renewable energy.
MMA Capital Holdings (Nasdaq: MMAC) announced the resignation of CEO Michael Falcone after 37 years with the company. He will remain on the Board of Directors. Following his departure, President Gary Mentesana will serve as interim CEO while the Board, along with external manager Hunt Investment Management, identifies a permanent replacement. The Board expressed gratitude for Falcone's long service and commitment to shareholder interests. MMA Capital focuses on infrastructure investments with an emphasis on renewable energy and aims to deliver attractive returns to shareholders.
MMA Capital Holdings reported Q2 2020 financial results, revealing a decrease in Book Value of $3.2 million to $274.5 million, and a decrease in Book Value per share by $0.58 to $47.24. Adjusted Book Value also dropped, totaling $217.2 million. The company suffered a comprehensive loss of $3.3 million, primarily due to a $9 million impairment loss on a joint venture. Despite the impact of COVID-19, the management emphasized that the impairment reflects a specific asset issue, not a broader portfolio concern, with positive trends in debt investments associated with renewable energy.
