HMG/Courtland Properties, Inc. Buyback
OLI recorded this information on 12/23/2014
Company:
HMG/Courtland Properties, Inc.
Buyback:
HMG buyback
$Amount Authorized:
$500,000
Buyback Details:
HMG/Courtland Properties, Inc. (NYSE MKT: HMG) today announced that on December 19, 2014 its Board of Directors authorized an increase in its share repurchase program. Under the program, HMG is now authorized to purchase up to $500,000 of its outstanding shares of common stock in open market and privately negotiated transactions. To date HMG has repurchased $168,900 of shares which have been retired into treasury under this program. The program will be in place through the end of HMG's 2015 fiscal year.
HMG/Courtland Properties is engaged in the ownership and management of commercial properties. Co.'s investments in non-real estate investment trust marketable securities include equity and debt securities issued primarily by capital companies or government agencies. This includes real estate investment trusts and mutual funds focusing in commercial real estate activities. Substantially all Co.'s marketable securities investments are in companies listed on main national stock markets. Co.'s other investments consist of nominal equity interests in various privately held entities, including limited partnerships whose purpose is to invest venture capital funds in growth-oriented enterprises.
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