Mill City Ventures III reports 1H EPS 12c vs. (10c) last year

Investment income from lending operations decreased 2% to $888,629 in the three-month period ended June 30, 2024, from $907,502 in the prior-year period. For the six-month period, investment income was $1.72 million compared to $1.77 million in the prior-year period, a 3% decrease. At June 30, 2024, the Company had $5.4 million in cash, compared with $376,024 at December 31, 2023. Chief Executive Officer, Douglas Polinsky, expressed optimism based on the Company cash position and the investment opportunities believed to be available for the remainder of 2024. “We are excited to complete 2024 and continue the Company’s successes moving through 2024 and beyond. We believe we have only scratched the surface of what the Company is capable of in terms of providing valuable short-term liquidity to borrowers and long-term reliable returns to our shareholders.”