Ameritrans Announces Results of Special Meeting of Shareholders
August 26 2008 - 10:41AM
Business Wire
Ameritrans Capital Corporation (NASDAQ: AMTC, AMTCP) today held a
special meeting of shareholders whereby the shareholders approved
the sale by Ameritrans of assets of the Company pursuant to a loan
purchase agreement among the Company, Elk Associates Funding Corp.,
Medallion Financial Corp. and Medallion Bank. Ameritrans Capital
Corporation is an internally managed, closed-end investment company
that has elected to be regulated as a business development company
(�BDC�) under the Investment Company Act of 1940, as amended.
Ameritrans originates, structures and manages a portfolio of
medallion loans, secured business loans, middle market corporate
loans and selected equity securities. Ameritrans' wholly owned
subsidiary Elk Associates Funding Corporation is licensed by the
United States Small Business Administration as a Small Business
Investment Company (SBIC) in 1980. The Company maintains its
offices at 747 Third Avenue, 4th Floor, New York, NY 10017. This
announcement contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
presently anticipated or projected. Ameritrans Capital Corporation
cautions investors not to place undue reliance on forward-looking
statements, which speak only as to management's expectations on
this date.
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