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Ameritrans Capital (AMTC) Approves Buyback of 9 3/8% Preferred Stock

On May 12, 2010, the Board of Directors of Ameritrans Capital Corporation (NASDAQ: AMTC) approved a repurchase program for its 9 3/8% Cumulative Participating Redeemable Preferred Stock. Under the Repurchase Program, Ameritrans may from time to time purchase up to 150,000 shares of Preferred Stock in open market purchases in accordance with Rules...

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