BALTIMORE, March 4, 2021 /PRNewswire/ -- MMA Capital
Holdings, Inc. (Nasdaq: MMAC) ("MMA Capital" or the
"Company") today reported updates to the membership of the
Board of Directors (the "Board") and the appointment of the Chief
Executive Officer of the Company. With respect to the Board,
the Company reported that Francis X.
Gallagher, Jr. has resigned for personal reasons as a
member and Chairman of the Board effective March 3, 2021. In connection with Mr. Gallagher's
resignation, the Company also announced that Michael L. Falcone has been named as Chair, and
that J.P. Grant III, Chairman of the Governance Committee of the
board of directors, has been named as the lead independent
director. In addition to the Board changes, Gary Mentesana has been named Chief Executive
Officer.
Mr. Falcone stated, "Frank has been a tremendous
leader since joining the Board nine years ago and accepting the
mantle of Chairman in 2014. He was a thoughtful leader,
providing invaluable advice and business insight, as well as a
steady hand, while the Company evolved from an organization focused
on investments related to low-income housing to one that
established a foothold in the infrastructure investment and the
solar energy finance markets. He will be missed, and we wish
him well in his future endeavors.
We are also delighted to have Gary
Mentesana as our ongoing Chief Executive Officer. His
long tenure with the Company and deep knowledge of the business
have served us well in the past and will continue to do so."
About MMAC
MMA Capital Holdings, Inc. focuses on infrastructure-related
investments that generate positive environmental and social impacts
and deliver attractive risk-adjusted total returns to our
shareholders, with an emphasis on debt associated with
infrastructure including renewable energy projects. MMA Capital is
externally managed and advised by Hunt Investment Management, LLC,
an affiliate of Hunt Companies, Inc. For additional information
about MMA Capital Holdings, Inc. (Nasdaq: MMAC), please visit MMA
Capital's website at www.mmacapitalholdings.com. For
additional information about Hunt Investment Management, LLC,
please see its Form ADV and brochure (Part 2A of Form ADV)
available at https://www.adviserinfo.sec.gov.
Cautionary Statement Regarding Forward-Looking
Statements
This Release contains forward-looking statements intended to
qualify for the safe harbor contained in Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements include statements regarding the expected partial
release of the valuation allowance, the impact of COVID-19 and
other statements identified by words such as "may," "will,"
"should," "anticipate," "estimate," "expect," "project," "intend,"
"plan," "believe," "seek," "would," "could," "continue," and
similar words or expressions and are made in connection with
discussions of future events and operating or financial
performance.
Forward-looking statements reflect our management's
expectations at the date of this release regarding future
conditions, events or results. They are not guarantees of future
performance. By their nature, forward-looking statements are
subject to risks and uncertainties. Our actual results and
financial condition may differ materially from what is anticipated
in the forward-looking statements. There are many factors that
could cause actual conditions, events or results to differ from
those anticipated by the forward-looking statements contained in
this release, including the uncertain aspect of the novel strain of
coronavirus pandemic known as COVID-19. For a discussion of certain
of those risks and uncertainties and the factors that could cause
our actual results to differ materially because of those risks and
uncertainties, see Part I, Item 1A, Risk Factors of our Annual
Report on Form 10-K for the year ended December 31, 2019, as supplemented by Part II,
Item 1A, Risk Factors on Form 10-Q for the quarter ended
September 30, 2020. All
forward-looking statements made herein are expressly qualified in
their entirety by these cautionary statements and there can be no
assurance that the actual results, events or developments
referenced herein will occur or be realized. Readers are cautioned
not to place undue reliance on forward-looking statements in this
release or that we may make from time to time. We expressly
disclaim any obligation to revise or update any forward-looking
statements in this release, whether as a result of new information,
future events or otherwise.
www.mmacapitalholdings.com
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SOURCE MMA Capital Holdings, Inc.