LAS VEGAS, July 8, 2021 / PRNewswire / – Vestin Realty Mortgage II, Inc. (OTC: VRTB) today announced the results of a vote at its 2021 AGM held on 2 july in Baltimore… Approximately 69 percent of the shares were voted, or 862 of the 1,250 shares outstanding.
On proposal 1, 797 votes were cast. Mikhail Vasilievich Shustek, who is also the CEO and President of VRTB, as well as a director, which accounts for approximately 63.76% of all shares. Of those who voted for the appointment of Shustek, 100 percent voted.
With regard to proposal 2, the amendment to the company’s articles of association to expand its investment policy, approximately 92.44 percent voted in favor of the amendment, while approximately 7.55 percent voted against it.
The controlling stake in the closed company belongs to Shustek, who owns 52.16% of the issued shares.
About Vestin Realty Mortgage II, Inc.
Vestin Realty Mortgage II, Inc., formerly Vestin Fund II, LLC, invests in loans secured by real estate through trusts or mortgages and, as defined in our management agreement, as mortgage assets. In addition, we invest, acquire, manage or sell real estate, as well as acquire companies involved in the ownership or management of real estate. We started work in June 2001… Vestin Realty Mortgage II, Inc. traded on pink OTC sheets under the symbol “VRTB”, headquartered in Las vegas, nevada… Please visit: http://vestinrealtymortgage2.com/…
This press release contains statements about the future expectations, beliefs, goals, plans or prospects of the management of Vestin Realty Mortgage II, Inc. These statements are based on management’s current expectations, estimates, projections and forecasts with respect to Vestin Realty Mortgage II, Inc. Forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Words such as “expects,” “believes,” “evaluates,” “expects,” “goals,” “goals,” “projects,” intends, “plans,” “seeking,” and variations on such words and similar expressions are intended to identifying forward-looking statements that are not statements of historical fact. These forward-looking statements are not guarantees of future results and involve certain risks, uncertainties and assumptions that are difficult to assess. Vestin Realty Mortgage II, Inc. is under no obligation to update such forward-looking statements. Actual results and results could differ materially from those expressed or projected in such forward-looking statements.
SOURCE Vestin Realty Mortgage II, Inc.