Resource America, Inc. Buyback
OLI recorded this information on 8/13/2015
Company: |
Resource America, Inc. |
Buyback: |
REXI buyback |
$Amount Authorized: |
$25,000,000 |
Buyback Details: |
Resource America, Inc. (NASDAQ: REXI) (the "Company") announced today that its Board of Directors has authorized the Company to repurchase up to $25.0 million of its common stock. This repurchase authorization replaces the Company's previous share repurchase authorization from September 2014, pursuant to which the Company has repurchased 864,641 shares of its common stock. Share repurchases may be made from time to time through open market purchases or privately negotiated transactions at the discretion of the Company and in accordance with the rules of the Securities and Exchange Commission, as applicable. The amount and timing of any repurchases will depend on market conditions and other factors. |
Resource America is an asset management company that evaluate, originate, service and manage investment opportunities through its real estate, financial fund management and commercial finance subsidiaries as well as its joint ventures. As an asset manager, Co. seeks to develop investment funds for outside investors for which it provides asset management services, typically under long-term management arrangements. Co. limits its fund development and management services to asset classes where Co. owns existing operating companies or have specific capabilities. As of Dec 31 2015, Co. had $21.7 billion of assets under management.
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