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GlobeNewswire·

Manhattan Bridge Capital, Inc. Announces Increase and Extension of its Existing Buy-Back of up to 250,000 of its Common Shares

LOAN
  • Manhattan Bridge Capital, Inc. increased its authorized share repurchase limit from 100,000 to 250,000 common shares.
  • The company extended its existing share repurchase program for an additional twelve months.
  • The timing, manner, & number of shares purchased will remain at the company's discretion.
  • Manhattan Bridge Capital provides short-term secured non-banking loans to real estate investors in the New York metropolitan area, New Jersey, Connecticut, & Florida.
  • The press release includes forward-looking statements regarding future repurchase plans & operational risks.
  • Potential risks affecting results include limited funds, market competition, CEO retention, loan yield estimation errors, lender liability claims, due diligence limitations, borrower concentration, stock distributions, & interest rate increases.