Major owner of PMC Commercial Trust just disposed of 26,181,818 shares

Partners Ii, Urban, a major owner of PMC Commercial Trust, recently disposed of 26,181,818 shares of the company. The disposals took place at $22.00 per share, on June 12, 2017. Urban still owns 55,718,648 shares of the company. Urban operates out of Los Angeles, CA. Some additional info was provided as follows:

Urban Partners II, LLC sold 26,181,818 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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