Major owner of PMC Commercial Trust just disposed of 9,911,418 shares

Partners Ii, Urban, a major owner of PMC Commercial Trust, recently disposed of 9,911,418 shares of the company. The disposals took place at $21.00 per share, on June 17, 2016. Urban still owns 85,528,582 shares of the company. Urban operates out of Los Angeles, CA. Some additional info was provided as follows:

Urban Partners II, LLC sold 9,911,418 shares of common stock in a self tender offer by the issuer.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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