UCASU distributed $0.10/share dividend and aims at higher

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Atlanta, Oct. 12, 2022 (GLOBE NEWSWIRE) — UC Asset LP (OTCQX: UCASU) proclaims that with a number of exceptions, the agency has accomplished the distribution of $0.10/share dividend to all shareholders holding UCASU frequent shares by December 31, 2021. 

“Many of our shareholders chose to receive their dividend via direct wire, while others have received their dividends by check.  With a few exceptions, including those who received dividend checks but did not deposit or cash them, we are pleased most of our shareholders received their dividends,” says Greg Bankston, managing associate of UC Asset. 

“For the year of 2021, UC Asset reports a $0.12 per share net income. This net income, combined with a $0.03 per net equity increase resulting from buyback shares, will likely lead to a $0.15 per share net equity increase,” says Bankston. 

Looking ahead, Bankston expects UC Asset will grow to be extra worthwhile and be capable of distribute dividends higher than $0.10/share, as the corporate has switched its portfolio allocation technique and now focuses on income-producing properties.  

“Last month, we announced an exclusive partnership to develop properties designed specifically as short-rentals and lease them out through online platforms such as Airbnb. We plan to develop up to $50 million Airbnb properties under this exclusive partnership,” explains Bankston.  

“We put great efforts in searching high-yielding cannabis properties, as we have screened more than 500 cannabis growers and engaged more than a dozen of them. We are on the track to develop a cannabis property portfolio of $10-20 million.” 

Both Airbnb properties and hashish properties are anticipated to yield steady and higher-than-average money revenue within the type of rents. If UC Asset can efficiently implement its new funding technique, its money revenue will doubtless enhance, and it could possibly distribute dividends higher than the $0.10/share dividend it has simply distributed.  

About UC Asset LP

UC Asset LP is a restricted partnership shaped for the aim of investing in actual property with progressive methods, concentrating in metropolitan areas of Atlanta, GA.  For extra details about UC Asset, please go to: www.ucasset.com

Disclaimer:

This News Release incorporates forward-looking statements inside the that means of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain recognized and unknown dangers, uncertainties and different essential components that might trigger our precise outcomes, efficiency or achievements, or trade outcomes, to vary materially from any these statements. You are cautioned to not place undue reliance on any these forward-looking statements. Except as in any other case required by the federal securities legal guidelines, we undertake no obligation to publicly replace or revise any forward-looking statements after the date of this information launch. None of such forward-looking statements ought to be thought to be a illustration by us or another person who the targets and plans set forth on this News Release shall be achieved or be executed. 

For More Information Contact: [email protected]



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