Atlanta, Georgia -- November 29, 2021
-- UC Asset LP (OTCQX:
UCASU) filed its quarterly 10Q for the third quarter of 2021,
reporting a $0.171 gain of its net equity per share, from $1.363 to
$1.534 pre-dilution, over the 12-month period from September 30,
2020 to September 30, 2021.
If fully diluted, the net equity per share increase will become
slightly lower at $0.165, over the same 12-month period. This
represents a 12.5% growth of UCASU's net equity.
However, the company's net equity decreased by $0.049 per share
pre-dilution, or $0.054 per share fully diluted, over the 9-month
period from December 31, 2020 to September 30, 2021.
"Our portfolio valuation has a seasonal cycle due to the nature of
our portfolio as well as to our accounting practice," explains
Larry Wu, founder of UC Asset. "Therefore, the change of our
financials over 12-month period, or year-over-year change, may be a
better indicator of our performance than month-over-month change or
quarter-over-quarter change."
Last week, during UC Asset's annual shareholder meeting, management
confirmed the company will likely produce adequate investment gain
to support the company's plan to distribute a dividend of
$0.10 or more per share, for the year of 2021.
Wu remains optimistic about the company's annual performance when
commenting on its third quarter report. He remains committed to his
strongly optimistic projection, which he voiced at the recent
annual shareholder's meeting. "We announced three new investment
strategies. In the coming year, I believe that at least one of
them, maybe all three of them, will explode into fast growth; and
we will likely see great numbers come back in 2022, perhaps much
better than this year. "
About UC Asset LP
UC Asset LP is a limited partnership formed for the purpose of
investing in real estate with innovative strategies, concentrating
in metropolitan areas of Atlanta, GA. For more
information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More Information Contact:
Christal Jordan | Executive Director, UC Asset LP
cjordan@ucasset.com |
678-499-0297