NEWTEK BUSINESS SERVICES CORP. (NASDAQ:NEWT) Files An 8-K Other Events
Item 8.01. >Other Events
Newtek Business Services Corp. Announces Stock Repurchase Program
(the Press Release) announcing that its board of directors approved
a repurchase program under which the Company may repurchase up to
200,000 shares of the Company’s common stock, par value $0.02 per
share, through open market purchases, including block purchases, in
such a manner as will comply with the provisions of the Investment
Company Act of 1940 and the Securities Exchange Act of 1934, as
amended. Unless extended or terminated by its board of directors,
the Company expects the termination date for the repurchase plan
will be on May 21,2017. A copy of the Press Release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K.
deemed filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of
that Section, and shall not be incorporated by reference into any
registration statement to the Securities Act of 1933, as amended.
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Exhibit Number
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Description
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99.1
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Press Release, dated November 21, 2016, entitled Newtek
Business Services Corp. Announces Stock Repurchase Program. |
About NEWTEK BUSINESS SERVICES CORP. (NASDAQ:NEWT)
Newtek Business Services Corp. is a non-diversified closed-end management investment company. The Company is engaged in non-bank lending providing a range of business services and financial products under the Newtek brand to the small- and medium-sized business (SMB) market. Its products and services consist of Business Lending, Electronic Payment Processing, Managed Technology Solutions (Cloud Computing), e-commerce, Accounts Receivable Financing, The Secure Gateway, The Newtek Advantage, personal and commercial Insurance Services, Web Services, Data Backup, Storage and Retrieval, and Payroll Solutions. The Company offers services along with its controlled portfolio companies. The Company’s portfolio consists of guaranteed and unguaranteed non-affiliate loan investments that are through its small business finance platform. NEWTEK BUSINESS SERVICES CORP. (NASDAQ:NEWT) Recent Trading Information
NEWTEK BUSINESS SERVICES CORP. (NASDAQ:NEWT) closed its last trading session up +0.49 at 15.58 with 261,309 shares trading hands.