Inactive Instrument

Asta Funding, Inc.

ASFI

US0462201098

Gary Stern Provides Information to Shareholders

November 23, 2019 at 03:20 am IST

On November 22, 2019, Gary Stern announced that as previously reported, he intends to engage in discussions with family members about participation in hid prior submission of a non-binding proposal to acquire all of the outstanding Shares of Asta Funding, Inc. at a cash purchase price of $10.75 per Share. Gary Stern stated that because of these discussions, Ricky Stern, son of Gary Stern, has agreed to participate in the proposal and however, the terms and conditions of Ricky Stern’s participation have not yet been determined.

Latest news about Asta Funding, Inc.

Asta Funding, Inc. Announces Board Changes	06/20/06	CI
Gary M. Stern, Chairman, President and Chief Executive Officer of Asta Funding, Inc., Ricky Stern and certain related parties completed the acquisition of 38.2% stake in Asta Funding, Inc..	29/20/29	CI
Asta Funding, Inc.(NasdaqGS:ASFI) dropped from S&P TMI Index	28/20/28	CI
Asta Funding, Inc.(NasdaqGM:ASFI) dropped from Russell Microcap Index	28/20/28	CI
Asta Funding, Inc.(NasdaqGM:ASFI) dropped from Russell Microcap Value Index	28/20/28	CI
Asta Funding, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2020	15/20/15	CI
RBF Capital LLC Enters into Settlement and Voting Agreement with Asta Funding, Inc.	26/20/26	CI
Asta Funding, Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2020	30/20/30	CI
RBF Capital Sends Letter to Asta Funding	23/20/23	CI
RBF Capital LLC made a proposal to acquire remaining 91.1% stake in Asta Funding, Inc. for $77.8 million.	22/20/22	CI
RBF Capital Discloses its Views on Asta Funding	22/20/22	CI
Asta Funding, Inc. Enters Into an Agreement and Plan of Merger with Asta Finance Acquisition Inc.	09/20/09	CI
Asta Funding, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2019	22/20/22	CI
Asta Funding, Inc. Reports Earnings Results for the Full Year Ended September 30, 2019	21/19/21	CI
Tranche Update on Asta Funding, Inc.'s Equity Buyback Plan announced on May 17, 2019.	21/19/21	CI
Gary Stern Provides Information to Shareholders	23/19/23	CI
Gary Stern Submits a Non-Binding Proposal to Asta Funding	02/19/02	CI
Gary M. Stern, Chairman, President and Chief Executive Officer of Asta Funding, Inc., offered to acquire an additional 66.8% stake in Asta Funding, Inc. for $57.5 million.	01/19/01	CI
Asta Funding, Inc. Appoints Steven Leidenfrost as Chief Financial Officer, Effective as of September 23, 2019	17/19/17	CI
Asta Funding, Inc. Announces Resignation of Bruce R. Foster as Chief Financial Officer, Effective from September 22, 2019	23/19/23	CI
Asta Funding, Inc.'s Equity Buyback announced on May 17, 2019 has expired with the repurchase of 117,650 shares, representing 1.77% for $0.84 million.	17/19/17	CI
Asta Funding, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2019	14/19/14	CI
Tranche Update on Asta Funding, Inc.'s Equity Buyback Plan announced on May 17, 2019.	14/19/14	CI
Asta Funding, Inc. announces an Equity Buyback for $10.5 million worth of its shares.	18/19/18	CI
Asta Funding, Inc. authorizes a Buyback Plan.	17/19/17	CI

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Company Profile

Asta Funding, Inc. is primarily engaged in the businesses of acquiring, managing, servicing and recovering on portfolios of consumer receivables. The Company operates through four segments: Consumer Receivables, Personal Injury Claims, Structured Settlements and GAR Disability Advocates. The Consumer receivables segment is engaged in purchasing, managing for its own account and servicing distressed consumer receivables, including charged off receivables, semi-performing receivables and performing receivables. The Personal injury claims segment includes the operations of its subsidiary, Pegasus Funding, LLC. The Structured settlements segment includes the operations of CBC Settlement Funding, LLC (CBC). The GAR Disability Advocates segment includes the operations of GAR Disability Advocates, LLC (GAR Disability Advocates). GAR Disability Advocates is a social security benefit and disability advocacy group.

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Consumer Lending

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