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News and Announcements
First reported on Yahoo Business:
AmeriFund Capital Finance Is First in Industry
to Offer Loans on Restricted Securities.
Monday February 28, 2005 10:40 am ET
BOCA RATON, FL--(MARKET WIRE)--Feb 28, 2005 --
AmeriFund Capital Finance (ACF), a premier
private financial services firm, has broken into
new territory on behalf of its clients and the
marketplace demand by offering loans to
corporations based on restricted securities, as
well as a restricted loan program for
executives. Today's announcement was made by
Jeffrey Spanier, President of AmeriFund Capital
Finance.
The launch of AmeriFund's unique loan programs
enable public corporations to raise money
through the use of restricted securities. This
is a highly desirable alternative to traditional
options because it permits companies to raise
funds without the issuance of bonds or
engagement in the typical equity financing that
can be damaging to the value of the securities.
The loans are designed for companies with a
minimum $250 million market capitalization and a
listing on the NYSE, NASDAQ or AMEX exchange.
Companies listed on the OTCBB, or PINK SHEETS,
do not qualify for this form of financing.
Companies seeking financing to reduce
high-interest debt are attracted to AmeriFund's
annualized interest rates which are
significantly less than the industry's average
loan rates. Additionally, ACF's financings are
non-recourse, no margin call, require no
personal or corporate guarantees and are
strictly backed by the securities.
Loans on restricted securities will be subject
to the same criteria as the corporate loan
program; however, shareholders can opt for
loans against aged securities.
"These loan programs are being introduced as a
direct response to the requests of our clients.
There is a vast market to take into
consideration that holds restricted paper," said
Spanier. "Our proprietary hedging strategy and
financial strength allows us to offer unique
loan programs, and still maintain our position
in the marketplace."
AmeriFund Capital Finance, LLC (ACF) is a
private financial services firm and proven
premier lender within the stock lending
industry. The company provides loans on every
form of equity ranging from Restricted
Securities to typical Free Trading securities.
Additional services include the ability to
convert options and warrants without a cash
outlay, or the requirement to sell those shares,
as well as an array of other sophisticated
lending packages. ACF finances clients on a
multitude of exchanges, including the foreign
markets. The strength and size of ACF is
directly attributed to the progressive mindset,
market sophistication, reputation and integrity
of its principals. Headquartered in Boca Raton,
Florida, ACF maintains a nationwide network of
over 450 financial professionals. For more
information, please visit the website at
www.amerifundcapital.com
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