LAS VEGAS, March 31, 2017 /PRNewswire/ -- Vestin Realty Mortgage II, Inc. (OTC: VRTBD) (the "Company") announced today that the company is seeking to repurchase shares of its common stock. To the extent possible, VRTBD will comply with Rule 10b-18 of the Securities and Exchange Commission.
Vestin Realty Mortgage II, Inc., formerly Vestin Fund II, LLC, invests in loans secured by real estate through deeds of trust or mortgages and as defined in our management agreement as mortgage assets. In addition, the company invests in, acquires, manages or sells real property and acquires entities involved in the ownership or management of real property.
This press release contains statements regarding the proposed reverse stock split and voluntarily delisting and deregistering of common stock of Vestin Realty Mortgage II, Inc., the expected timetable for completing the transaction, future operations, benefits of the proposed transaction and other statements about the future expectations, beliefs, goals, plans or prospects of the management of Vestin Realty Mortgage II, Inc. These statements are based on current expectations, estimates, forecasts and projections and management assumptions about Vestin Realty Mortgage II, Inc. These statements constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects," "believes," "estimates," "anticipates," "targets," "goals," "projects," "intends," "plans, "seeks," and variations of such words and similar expressions are intended to identify such forward-looking statements which are not statements of historical fact. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to assess. Vestin Realty Mortgage II, Inc. has no obligation to update such forward-looking statements. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The proposed transaction is subject to the approval of the stockholders of Vestin Realty Mortgage II, Inc., and other conditions. There is no assurance that such conditions will be met or that the proposed transaction will be consummated within the expected time frame, or at all. If the transaction is consummated, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in achieving anticipated cost savings and other benefits from the transaction; higher than anticipated transaction costs; operating costs, and business disruption following the transaction.
Vestin Realty Mortgage II
8880 W. Sunset Rd. Suite 200
Las Vegas, Nevada 89148
Tel: (702) 227-0965
Fax: (702) 227-5247
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SOURCE Vestin Realty Mortgage II, Inc.