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Newtek Business Services (NASDAQ:NEWT) withdraws its 2020 annual dividend forecast due to the economic disruptions caused by the coronavirus pandemic.

During the past month, NEWT and its portfolio companies were able to reduce ~$2.0M of annualized expenses.

Plans to provide new guidance on its Q1 2020 earnings conference call.
"The mix and makeup of our business model in pricing and volume as well as the expense ratios of our SBA 7(a) business will change," the company said.