JMP Group Declares Second Quarter 2016 Monthly Distributions and Increases Share Repurchase Authorization
19 April 2016 - 11:15PM
Business Wire
JMP Group LLC (NYSE:JMP), an investment banking and alternative
asset management firm, announced today that its board of directors
has declared cash distributions of $0.03 per share for the months
of April, May and June 2016. In total, the three monthly
distributions equal $0.09 per share for the second quarter of the
year.
The April distribution is payable on May 13, 2016, to
shareholders of record as of April 29, 2016. The May distribution
is payable on June 15, 2016, to shareholders of record as of May
31, 2016. The June distribution is payable on July 15, 2016, to
shareholders of record as of June 30, 2016.
In addition, the board of directors has increased the company’s
share repurchase authorization by 745,981 common shares. As a
result, as of the close of the market on April 18, 2016, a total of
1,500,000 common shares were eligible for repurchase through
December 31, 2016.
About JMP Group
JMP Group LLC is an investment banking and asset management firm
that provides investment banking, equity research, and sales and
trading services to corporate and institutional clients as well as
alternative asset management products and services to institutional
and high-net-worth investors. JMP Group conducts its investment
banking and research, sales and trading activities through JMP
Securities; its hedge fund and other investment activities though
Harvest Capital Strategies; the underwriting and management of
investments in senior secured debt through JMP Credit Advisors; and
the management of Harvest Capital Credit Corporation (NASDAQ:
HCAP), a business development company that finances small and
midsized businesses, through HCAP Advisors. For more information,
visit www.jmpg.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160419005520/en/
Investor Relations ContactJMP Group LLCAndrew Palmer,
415-835-8978apalmer@jmpg.comorMedia Relations ContactsDukas
Linden Public RelationsSeth Linden, 212-704-7385seth@dukaspr.comBen
Jaffe, 212-704-7385ben@dlpr.com
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