Newtek Enterprise Companies Corp. to Maintain Investor Convention Name on Wednesday, December 14, 2022 at 8:30 am ET
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Newtek Enterprise Companies Corp. to Maintain Investor Convention Name on Wednesday, December 14, 2022 at 8:30 am ET

Newtek Enterprise Companies Corp. to Maintain Investor Convention Name on Wednesday, December 14, 2022 at 8:30 am ET

Newtek Enterprise Companies Corp.

Will Present Replace on the Monetary Illustration of the Financial institution Holding Firm and the Financial institution on a Go-Ahead Foundation Subsequent to the Acquisition of the Nationwide Financial institution of New York Metropolis

BOCA RATON, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) — Newtek Enterprise Companies Corp., (Nasdaq: NEWT), an internally managed enterprise growth firm (“BDC”), at present introduced that Barry Sloane, Chief Govt Officer, will maintain a convention name on Wednesday, December 14, 2022 at 8:30 am ET, to supply an replace on the pending acquisition of Nationwide Financial institution of New York Metropolis (“NBNYC”) and to debate the Firm’s monetary illustration as a financial institution holding firm.

The corresponding presentation titled ‘Replace on Pending Acquisition of Nationwide Financial institution of New York Metropolis’ dated December 12, 2022, shall be obtainable within the ‘Occasions & Displays’ part of the Investor Relations portion of Newtek’s web site at http://investor.newtekbusinessservices.com/events-and-presentations, after market shut on Tuesday, December 13, 2022 at 4:00 pm ET.

To attend the convention name or webcast, individuals ought to register on-line at http://investor.newtekbusinessservices.com/events-and-presentations. To obtain a dial-in quantity, individuals are requested to register at a minimal of quarter-hour earlier than the beginning of the decision. A replay of the decision with the corresponding presentation shall be obtainable on Newtek’s web site shortly following the stay presentation and shall be obtainable for a interval of 90 days.

About Newtek Enterprise Companies Corp.

Newtek Enterprise Companies Corp., Your Enterprise Options Firm®, is an internally managed BDC, which together with its managed portfolio corporations, gives a variety of enterprise and monetary options underneath the Newtek® model to the small- and medium-sized enterprise (“SMB”) market. Since 1999, Newtek has supplied state-of-the-art, cost-efficient services and products and environment friendly enterprise methods to SMB relationships throughout all 50 states to assist them develop their gross sales, management their bills and cut back their threat.

Newtek’s and its portfolio corporations’ services and products embrace: Enterprise Lending, SBA Lending Options, Digital Cost Processing, Know-how Options (Cloud Computing, Knowledge Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Stock Financing, Insurance coverage Options, Net Companies, and Payroll and Advantages Options.

Newtek® and Your Enterprise Options Firm®, are registered emblems of Newtek Enterprise Companies Corp.

Observe Concerning Ahead Trying Statements

This press launch incorporates sure forward-looking statements. Phrases corresponding to “believes,” “intends,” “expects,” “initiatives,” “anticipates,” “forecasts,” “aim” and “future” or comparable expressions are meant to determine forward-looking statements. All forward-looking statements contain numerous dangers and uncertainties that might trigger precise outcomes to vary materially from the plans, intentions and expectations mirrored in or prompt by the forward-looking statements. Such dangers and uncertainties embrace, amongst others, embrace our potential to shut the pending acquisition of the Nationwide Financial institution of New York Metropolis (the “Transaction”), receive required regulatory approvals for the pending Transaction, the timing of the closing of the Transaction, the timing of the Firm’s discontinuance from regulation as a BDC underneath the 1940 Act, projections regarding or contemplating the pending Transaction, the timing of our potential to originate new investments, obtain sure margins and ranges of profitability, the supply of further capital and the power to keep up sure debt to asset ratios, intensified competitors, working issues and their influence on revenues and revenue margins, anticipated future enterprise methods and monetary efficiency, anticipated future variety of clients, enterprise prospects, legislative developments and comparable issues. Threat components, cautionary statements and different situations, which might trigger Newtek’s precise outcomes to vary from administration’s present expectations, are contained in Newtek’s filings with the Securities and Alternate Fee and obtainable by http://www.sec.gov/. Newtek cautions you that forward-looking statements should not ensures of future efficiency and that precise outcomes or developments might differ materially from these projected or implied in these statements.

SOURCE: Newtek Enterprise Companies Corp.

Investor Relations & Public Relations
Contact: Jayne Cavuoto
Phone: (212) 273-8179 / [email protected]