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Mill City Ventures III Ltd (MCVT-7.64%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing investment income of $711,022 for the three months ended September 30, 2024, compared to $725,158 for the same period in the previous year.
Operating expenses for the quarter were $419,847, slightly down from $421,373 in the same quarter of the previous year.
Net investment gain for the quarter was $291,175, compared to $303,785 in the previous year.
The company recorded a net increase in net assets from operations of $463,783 for the quarter, compared to $369,560 in the previous year.
For the nine months ended September 30, 2024, Mill City Ventures III Ltd reported total investment income of $2,432,318, down from $2,496,688 in the previous year.
Net realized gain on investments for the nine months was $138,655, compared to a loss of $558,629 in the previous year.
The company reported $292,803 in net unrealized appreciation on investments for the nine months, compared to $629,491 in the previous year.
Cash provided by operating activities was $2,756,853 for the nine months ended September 30, 2024, compared to cash used of $550,781 in the previous year.
Mill City Ventures III Ltd had cash and cash equivalents of $3,132,877 as of September 30, 2024, up from $376,024 at the end of 2023.
The company's net asset value per common share increased to $3.11 as of September 30, 2024, from $2.91 at the end of 2023.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Mill City Ventures III Ltd quarterly 10-Q report dated November 12, 2024. To report an error, please email earnings@qz.com.