UC Asset announces annual shareholder meeting to discuss $1 million profit
March 03 2023 - 9:52AM
InvestorsHub NewsWire
Atlanta, GA -- March 03, 2023 --
InvestorsHub NewsWire -- UC Asset LP (OTCQB:
UCASU) (OTC:
UCASU) management announces that company has scheduled its
annual shareholder meeting on March 31, 2023, to discuss its 2023
business plan, with which the company projects a gross profit of
approximately $1 million, or, about $0.19 per share.
All shareholders by the year end of
2022 are eligible to attend the meeting. The meeting will be held
virtually on the Zoom platform, and all eligible attenders will
receive a meeting notice via mail or email.
Among other business matters,
management will detail the company's plan to further transition its
portfolio from residential properties to cannabis cultivation
properties. Accordingly, the company is launching a campaign to
rebrand its portfolio as "Ultimate Cannabis Asset".
Management also plans to revise the
bylaw of the company with purpose to reduce its management fee and
improve net profit. The revision may require a shareholder vote,
which may be conducted before or at the annual meeting.
The company announces its annual
shareholder meeting after it claims that it has become debt free
and carries positive cash reservse, and is on track in its pursuit
of $1 million gross profit for the year of 2023. The company has
already realized $550,000 gross profit in the very first month of
the year.
UC Asset had been operationally
profitable in previous years. Last year, the company completed
distribution to its shareholders a cash dividend of $0.10 per
share, out of a $0.11 per share net income. Management has indicated that the company may
distribute more dividend to its shareholders, if it reports higher
net income.
About UC Asset
LP
UC Asset LP is a limited partnership
formed for the purpose of investing in real estate with innovative
strategies.
For more information about UC Asset,
please visit: www.ucasset.com
Disclaimer:
This News Release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that could cause our actual results, performance
or achievements, or industry results, to differ materially from any
these statements. You are cautioned not to place undue reliance on
any those forward-looking statements. Except as otherwise required
by the federal securities laws, we undertake no obligation to
publicly update or revise any forward-looking statements after the
date of this news release. None of such forward-looking statements
should be regarded as a representation by us or any other person
that the objectives and plans set forth in this News Release will
be achieved or be executed.
For More Information Contact:
IR@UCasset.com
UC Asset Limited Partner... (CE) (USOTC:UCASU)
Historical Stock Chart
From May 2024 to Jun 2024
UC Asset Limited Partner... (CE) (USOTC:UCASU)
Historical Stock Chart
From Jun 2023 to Jun 2024