Protective Capital Structures Corp. (fka PCSO)

[Cahalane99]

I believe you are correct, J.

Due to the current capital market, I think they are forced to hold (portfolio) the loans. With the change in strategy, the buyback has been effected. Instead of receiving X amount of dollars up front, the buyback will commence over months, using part of the earned interest to do so.

"As previously announced the company intends to repurchase shares with the revenue from the funding of projects. Changes in the manner of funding, will decrease the upfront fees earned by ICCC, however, ICCC will earn additional interest income from the portfolio it will hold. ICCC will allocate up to 35% of the upfront fees earned to share buyback and additionally will use a portion of the interest income generated monthly to repurchase stock."