Mill City Ventures III Ltd
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
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, 2024 and December 31, 2023
Investment Schedule
As of December 31, 2024
| 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 | $9,985,925 | 50.54% |
| Consumer - 18% secured loans | 500,000 | 504,308 | 2.55% |
| Real Estate - 15% secured loans | |||
| Alatus Development Corp | 2,000,000 | 2,016,636 | 10.21% |
| Real Estate - 24% secured loans | |||
| Coventry Holdings LLC | 500,000 | 499,362 | 2.53% |
| Total Short-Term Non-Banking Loans | 13,000,000 | 13,006,231 | 65.83% |
| Common Stock | |||
| Consumer | 3,911 | 4,466 | 0.02% |
| Financial | 553,178 | 442,864 | 2.24% |
| Information Technology | 150,000 | - | 0.00% |
| Total Common Stock | 707,089 | 447,330 | 2.26% |
| Other Equity | |||
| Financial | 10,000 | - | 0.00% |
| Total Investments | $13,717,089 | $13,453,561 | 68.09% |
| Total Cash and cash equivalents | 6,026,110 | 6,026,110 | 30.50% |
| Total Investments and Cash | $19,743,199 | $19,479,671 | 98.59% |
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% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.