Business
Montfort Capital Sees Significant Growth in 2022 in its Assets Under Management and Administration
Montfort Capital Sees Significant Growth in 2022 in its Assets Under Management and Administratio...
About this update from Montfort Capital Corp
[{"type":"text","content":"\n \n \n \n Montfort Capital Sees Significant Growth in 2022 in its Assets Under Management and Administration\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ~Assets under Management and Administration grows 230% from\n \n $149 million\n \n (\n \n $125 million\n \n in Total Assets) in 2021 to\n \n $492 million\n \n in 2022 on the back of strategic acquisitions~\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 7, 2023\n \n \n /CNW/ -\n \n Montfort Capital Corporation (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a leading alternative lender utilizing focused strategies, experienced management teams and advanced technology, is providing selected  preliminary unaudited results for its fiscal year ended\n \n December 31, 2022\n \n .\n \n Montfort\n \n is pleased to report that its Assets Under Management and Administration (\"AUMA\") have grown to\n \n $492 million\n \n as at\n \n December 31, 2022\n \n from\n \n $149 million\n \n in AUMA and\n \n $125 million\n \n in total assets as at\n \n December 31, 2021\n \n . AUMA includes assets under management plus loans managed on behalf of third parties.\n \n \n 1\n \n \n \n \n _____________________________\n \n \n \n \n \n \n \n \n 1\n \n \"Assets under management and administration\" and \"assets under management\" are non-GAAP financial measures. Refer to \"Cautionary Note on Non-GAAP Financial Measures\" section of this release for additional details.\n \n \n \n \n \n \n \n \n \n The year-over-year increase in AUMA is due to the successful acquisition of Brightpath Capita...