Company Overview - Ashford Hospitality Trust, Inc. has entered into a 90-day forbearance period for its Morgan Stanley Pool loan secured by 17 hotels, which had a final maturity date of November 9, 2024 [1] - The company is in discussions with the lender for a multi-year extension of the loan, expected to be finalized during the forbearance period [1] Financial Position - The balance of the company's strategic financing has been reduced to approximately $48.6 million, triggering an exit fee reduction [2] - The company is actively working on extensions and refinancings for several of its loans to maximize asset value for shareholders [2] Market Environment - The company acknowledges the challenging environment it operates in but is focused on achieving favorable outcomes with its financing efforts [2]

Core Viewpoint - Ashford Hospitality Trust has successfully refinanced its mortgage loan for the Marriott Crystal Gateway Hotel, generating significant proceeds to pay down strategic financing [1][4]. Financing Details - The new non-recourse loan amounts to $121.5 million with a three-year initial term and two one-year extension options, subject to certain conditions [2]. - The loan features an interest-only structure with a floating interest rate of SOFR + 4.86% [2]. - The refinancing has resulted in approximately $31 million of excess proceeds, which will be utilized to reduce the Company's strategic financing [2]. Strategic Financing Update - The Company has reduced the exit fee on its strategic financing from 15.0% to 12.5% of the original loan balance until December 15, 2024, contingent upon reducing the outstanding loan balance to $50 million or less by November 15, 2024 [3]. - The $31 million pay down, along with an additional payment planned for the following week, will lower the loan balance below $50 million, thus triggering the reduced exit fee [3]. Management Commentary - The President and CEO of Ashford Trust expressed satisfaction with the refinancing outcome and emphasized the progress made towards paying off strategic financing by the end of the year [4].

Core Viewpoint - Luca Mining Corp. has recommenced principal repayments on its term loans with Trafigura, marking a significant milestone in its financial strategy and aiming to eliminate term debt by 2026, indicating a stronger financial outlook and disciplined cash management [1][3][4]. Financial Overview - The total outstanding loans with Trafigura amount to US$18.1 million, which includes a non-interest-bearing convertible loan of US$5.8 million due in January 2027 and US$12.3 million in term debt scheduled for repayment by mid-2026 [2]. - Principal repayments began in October 2024, supported by improved cash flow from ongoing mining operations, reflecting the company's commitment to financial performance and operational efficiency [3][4]. Strategic Developments - The recommencement of repayments is seen as a pivotal moment for the company, enhancing financial stability and allowing for a focus on future growth opportunities while reducing debt [4]. - A restructuring transaction completed in January 2024 converted US$5.8 million of the term loan into a non-interest-bearing convertible debenture, providing more options for improving the balance sheet [5]. Operational Updates - Luca Mining operates two 100%-owned producing mines in Mexico, focusing on gold, copper, zinc, silver, and lead, with significant development potential [7]. - The Campo Morado mine is currently undergoing an optimization program that is yielding improvements in recovery rates, grades, efficiencies, and cash flows [8]. - The Tahuehueto Gold and Silver Mine is in the commissioning phase, with commercial production expected by year-end [9].

Core Viewpoint - Manhattan Bridge Capital, Inc. reported a decrease in net income for the three months ended September 30, 2024, primarily due to a reduction in revenue from loans and origination fees, despite a decrease in interest expense [1][2]. Financial Performance - For the three months ended September 30, 2024, net income was approximately $1,399,000, or $0.12 per share, compared to $1,446,000, or $0.13 per share for the same period in 2023, reflecting a decrease of $47,000, or 3.3% [1]. - Total revenues for the same period were approximately $2,313,000, down from $2,434,000 in 2023, a decrease of $121,000 or 5.0% [2]. - For the nine months ended September 30, 2024, net income increased to approximately $4,285,000, or $0.37 per share, compared to $4,128,000, or $0.36 per share in 2023, an increase of $157,000, or 3.8% [3]. - Total revenues for the nine months ended September 30, 2024, were approximately $7,330,000, an increase of $99,000, or 1.4% from $7,231,000 in 2023 [4]. Revenue Breakdown - For the three months ended September 30, 2024, interest income from loans was approximately $1,953,000, while origination fees were approximately $360,000 [2]. - For the nine months ended September 30, 2024, interest income from loans was approximately $6,128,000, and origination fees were approximately $1,201,000 [4]. Balance Sheet Highlights - As of September 30, 2024, total stockholders' equity was approximately $43,271,000 [5]. - Total assets were approximately $70,702,003, down from $76,434,886 as of December 31, 2023 [7][8]. - Total liabilities decreased to $27,431,084 from $33,502,180 [8]. Market Context - The CEO noted that a recent 0.5% reduction in interest rates has generated optimism among real estate investors, although the high-interest environment had previously slowed down new loan originations [5].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________________________ to ____________________________ Commission File Number: 000-25991 MANHATTAN BRIDGE CAPITAL, INC. (Exact name of reg ...

GREAT NECK, N.Y., July 29, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024. ...

GREAT NECK, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the "Company") announced today that its total revenues for the three months ended June 30, 2024 were approximately $2,443,000 compared to approximately $2,399,000 for the three months ended June 30, 2023, an increase of $44,000, or 1.8%. The increase in revenue was due to higher interest rates charged on the Company's commercial loans, partially offset by a reduction in loans receivable, period over period, an ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MANHATTAN BRIDGE CAPITAL, INC. (Exact name of registrant as specified in its charter) (Former name, former address and former fiscal year, if changed since last report) (Mark One) or Commission File Number: 000-25991 60 Cutter Mill Road, Great Neck, New York ...

Loan amended to be all non-current status, improving VivoPower's balance sheet profile As part of the amended terms, VivoPower has consolidated all of its shareholder loans at VivoPower International PLC level, as well as amending all of the outstanding loans to non-current status. This improves the balance sheet profile of VivoPower. VivoPower is an award-winning global sustainable energy solutions B Corporation company focused on electric solutions for off-road and on-road customised and ruggedised fleet ...

GREAT NECK, N.Y., June 24, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced today that, in accordance with the board approved dividend declared on March 12, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on July 10, 2024. The dividend will be paid on July 15, 2024. Contact: Assaf Ran, CEO (516) 444-3400 SOURCE: Manhattan Bridge Capital, Inc. ...