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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Other recent filings from the company include the following:
Registration of securities [Section 12(b)] - Nov. 22, 2017
PMC Commercial Trust just filed a prospectus, suggesting it plans to soon issue some securities - Nov. 21, 2017
Material Modification to Rights of Security - Nov. 21, 2017
Filing under Securities Act Rules 163/433 of free writing prospectuses - Nov. 17, 2017
PMC Commercial Trust Just Received a Notice of Effectiveness - Nov. 16, 2017