Mangrove Partners Reports 17% Stake in Asta Funding Inc (ASFI); Plans Tender Offer for 3.0 Mln Shares

Page 10 of 17 SEC Filing

Item 5.

Interest in Securities of the Issuer.

The aggregate percentage of Shares reported owned by each person named herein is based upon 12,097,077 Shares outstanding, as of February 5, 2016, which is the total number of Shares outstanding as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on February 9, 2016.

A.	Mangrove Master Fund

(a)

As of the close of business on the date hereof, Mangrove Master Fund directly owned 2,102,427 Shares.

Percentage: Approximately 17.4%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 2,102,427

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 2,102,427

(c)

The transactions in the Shares by Mangrove Master Fund during the past sixty (60) days are set forth in Schedule B annexed hereto and are incorporated herein by reference.

B.	Mangrove Fund

(a)

As of the close of business on the date hereof, Mangrove Fund, as a controlling shareholder of Mangrove Master Fund, may be deemed to beneficially own the 2,102,427 Shares directly owned by Mangrove Master Fund.

Percentage: Approximately 17.4%

(b)

1. Sole power to vote or direct vote: 0

2. Shared power to vote or direct vote: 2,102,427

3. Sole power to dispose or direct the disposition: 0

4. Shared power to dispose or direct the disposition: 2,102,427

(c)

Mangrove Fund has not entered into any transactions in the Shares during the past sixty (60) days.

Follow Asta Funding Inc (NASDAQ:ASFI)

Follow Asta Funding Inc (NASDAQ:ASFI)

---

or

Subscribe with Google

We may use your email to send marketing emails about our services. Click here to read our privacy policy.