Mill City Ventures III Ltd
For the period ended Dec 31, 2023. Filed Apr 2, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Apr 2, 2024
SUIG$0.90-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Investment Schedules — December 31, 2023 and December 31, 2022
Investment Schedule
As of December 31, 2023
| Investment / Industry | Cost | Fair Value | Percentage of Net Assets |
|---|---|---|---|
| Short-Term Non-banking Loans | |||
| Business Services - 15% secured loans | |||
| Mustang Litigation Funding | $10,000,000 | $10,069,354 | 54.16% |
| Consumer - 23% secured loans | |||
| Intelligent Mapping, LLC | 2,900,000 | 2,906,464 | 15.63% |
| Financial - 12% secured loans | 500,000 | - | 0.00% |
| Information Technology - 15% convertible note | 212,500 | 213,501 | 1.15% |
| Real Estate - 18% secured loans | 745,000 | 760,119 | 4.09% |
| Tailwind, LLC | 1,000,000 | 1,001,954 | 5.39% |
| Real Estate - 12% secured loans | |||
| Alatus Development Corp | 2,000,000 | 2,010,374 | 10.81% |
| Total Short-Term Non-Banking Loans | 17,357,500 | 16,961,766 | 91.23% |
| Preferred Stock | |||
| Consumer | |||
| Wisdom Gaming, Inc | 900,000 | 265,000 | 1.43% |
| Information Technology | 150,000 | - | 0.00% |
| Total Preferred Stock | 1,050,000 | 265,000 | 1.43% |
| Common Stock | |||
| Consumer | 159,302 | 47,910 | 0.26% |
| Warrants | |||
| Healthcare | 679 | — | 0.00% |
| Other Equity | |||
| Financial | 10,000 | 10,000 | 0.05% |
| Total Investments | $18,577,481 | $17,284,676 | 92.97% |
| Total Cash | 376,024 | 376,024 | 2.02% |
| Total Investments and Cash | $18,953,505 | $17,660,700 | 94.99% |
Investment Schedule
As of December 31, 2022
| Investment / Industry | Cost | Fair Value | Percentage of Net Assets |
|---|---|---|---|
| Short-Term Non-banking Loans | |||
| Business Services - 18% secured loans | |||
| Liberated Syndication Inc. | $2,250,000 | $2,255,625 | 12.62% |
| Business Services - 15% secured loans | |||
| Mustang Litigation Funding | 5,000,000 | 4,975,955 | 27.84% |
| Consumer - 15% secured loans | 400,000 | 398,635 | 2.23% |
| Intelligent Mapping, LLC | 2,900,000 | 2,873,893 | 16.08% |
| Financial - 33% secured loans | |||
| Benton Financial, LLC | 2,479,125 | 2,478,030 | 13.87% |
| Financial - 12% secured loans | 500,000 | 345,421 | 1.93% |
| Information Technology - 15% convertible note | 212,500 | 213,656 | 1.20% |
| Real Estate - 15% secured loans | 745,000 | 746,354 | 4.17% |
| Real Estate - 12% secured loans | |||
| Alatus Development Corp | 1,000,000 | 998,363 | 5.59% |
| Total Short-Term Non-Banking Loans | 15,486,625 | 15,285,932 | 85.53% |
| Preferred Stock | |||
| Consumer | |||
| Wisdom Gaming, Inc | 900,000 | 900,000 | 5.04% |
| Information Technology | 150,000 | 300,000 | 1.68% |
| Total Preferred Stock | 1,050,000 | 1,200,000 | 6.72% |
| Warrants | |||
| Healthcare | 679 | — | 0.00% |
| Other Equity | |||
| Consumer | 212,500 | 212,500 | 1.19% |
| Financial | 610,000 | 10,000 | 0.06% |
| Total Other Equity | 822,500 | 222,500 | 1.25% |
| Total Investments | $17,359,804 | $16,708,432 | 93.50% |
| Total Cash | 1,089,641 | 1,089,641 | 6.10% |
| Total Investments and Cash | $18,449,445 | $17,798,073 | 99.60% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.