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By The Online Investor Staff, updated Tue., Sep. 23, 12:19 PM

Slide #2. Resource America, Inc.

Company: Resource America, Inc. (NASDAQ:REXI)
Share Amount Authorized: 1,500,000
Buyback Details: Resource America, Inc. (NASDAQ: REXI) (the "Company") announced today that its Board of Directors has authorized the Company to repurchase an additional 1.5 million shares of its common stock. This repurchase authorization will replace the Company's previous repurchase authorization from December 2013 once the Company has fully utilized the remaining authorized shares. The Company has repurchased 882,099 of the 1 million shares under its existing authorization. Share repurchases may be made from time to time through open market purchases or privately negotiated transactions at the discretion of the Company and in accordance with the rules of the Securities and Exchange Commission, as applicable. The amount and timing of any repurchases will depend on market conditions and other factors.

Resource America is an asset management company that evaluates, originates, services and manages investments through its real estate, financial fund management, and commercial finance segments. Co. provides asset management services, typically under long-term management and operating arrangements either through a contract with, or as the manager or general partner of, the sponsored fund. Co. limits its investment funds to investment areas where it owns existing operating companies or has capabilities. Co. manages assets on behalf of institutional and individual investors and Resource Capital Corp., a real estate finance company. As of Dec 31 2013, Co. managed $17.26 billion of assets.
Open the REXI Page at The Online Investor »

Company Name:  Resource America, Inc.
Sector:  Investment Companies & Venture Capital
Number of ETFs Holding REXI:  12
Total Market Value Held by ETFs:  $3.21M
Total Market Capitalization:  $187.00M
% of Market Cap. Held by ETFs:  1.72%

Open the REXI Page at The Online Investor (in a new window) »

September 23, 2014    12:19 PM Eastern
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