Mill City Ventures Expects Record Year for Revenue and Profits | New

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MINNEAPOLIS, September 27, 2021 / PRNewswire / – Mill City Ventures III, Ltd. (OTCQB: MCVT) announced today that its board of directors has declared a cash dividend of $ 0.10 per share on its outstanding common shares. The dividend is payable on or towards October 29, 2021, to shareholders of record at the close of business on October 15.

Chief Executive Officer Douglas M. Polinsky said, “Our lending business has continued to grow, delivering a record year in terms of both revenue and profit. As a result of this performance, we are delighted to reward our patient shareholders with a cash dividend to help provide a return on investment for our record years. We continue to look for additional ways to add value to our investors.

We continue to work with NASDAQ regarding our listing request.

Forward-looking statements

The forward-looking statements contained in this press release are made in accordance with 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 a risk. substantial difference from actual results. future results expressed or implied by forward-looking statements, including, without limitation, continued demand for specialized short-term non-bank loans, increased levels of competition, new products or offerings introduced by competitors, changes in market loan rates; 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 loans. Additional information can be found at www.sec.gov.

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SOURCE Mill City Ventures III, Ltd.


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