Mill City Ventures III Ltd. Funds a $550,000 Short-Term Insurance Settlement

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Aug 24, 2022

MINNEAPOLIS, MN / ACCESSWIRE / August 24, 2022 / Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ:MCVT) announced today its funding of a settled insurance claim in the amount of $550,000. The related short-term note is expected to mature in 120 days with a payback of $616,667, representing an annualized return of 36.36%.