BOCA RATON, Fla., July 21, 2022 (GLOBE NEWSWIRE) -- Newtek Business Services Corp., (NASDAQ: NEWT) (the “Company”), an internally managed business development company (“BDC”), announced today that on July 20, 2022, the Company filed a preliminary proxy statement (“Proxy Statement”) seeking among other things, shareholder authorization for the Company to sell shares of its common stock at a price below the then current net asset value per share, subject to certain limitations described in the Proxy Statement. The Company has sought such shareholder approval each year the company has been a BDC. The filing of the Proxy Statement does not change the Company’s intent to acquire the National Bank of New York City (“NBNYC”), subject to pending regulatory approvals.
Read more at globenewswire.comNewtek Business Services Corp. Files Preliminary Proxy Statement
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