Major owner of PMC Commercial Trust just disposed of 3,628,116 shares

Partners Ii, Urban, a major owner of PMC Commercial Trust, recently disposed of 3,628,116 shares of the company. The disposals took place at $22.00 per share, on September 14, 2016. Urban still owns 81,900,466 shares of the company. Urban operates out of Los Angeles, CA. Some additional info was provided as follows:

Urban Partners II, LLC sold 3,628,116 shares of common stock to the issuer in a privately negotiated transaction.

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

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