Altisource Asset Management Corp

ASE:AAMC   3:30:31 PM EDT
23.45
-1.04 (-4.25%)
Debt Financing / Related

Altisource Asset Management Says Entered Into Settlement Agreement With Some Funds Managed By Wellington Management

Published: 08/30/2021 18:32 GMT
Altisource Asset Management Corp (AAMC) - Altisource Asset Management - on Aug 27, Entered Into Settlement Agreement With Certain Funds Managed by Wellington Management Company Llp.
Altisource Asset Management - Agreed to Pay Wellington About $2.1 Million for $18.2 Million of Liquidation Preference of Series a Convertible Preferred Stock.
Altisource Asset Management - Estimates Approximate $16.0 Million Gain Will Be Recognized to Additional Paid in Capital in Q3 2021.
Altisource Asset Management - Resulting Outstanding Remaining Liquidation Preference of Series a Shares Will Be $150 Million.
Further Company Coverage: Aamca ((reuters.
Briefs@thomsonreuters.
Com;)).