Oxford Funding Corporation
Oxford Funding Corporation | Hedge Fund Notes
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Resource #1: (12.8.08) Oxford Funding Corp. (OXFD) announced the signing of a Letter of Intent to acquire $40 million in new properties into its Hedge Fund, The Oxford Opportunistic Mortgage Fund, Ltd. "We expect this to be the first step in a series of profitable asset acquisitions over the next several months," noted Ron Redd, CEO.
The assets are being acquired from ARCOA Capital Partners, LP, a Houston-based investment company. "We expect Oxford to manage and maximize these assets for us as the economy turns around. This should be a win-win for both our investors and Oxford's shareholders," stated Larry Ramming, Managing Partner of ARCOA.
Oxford will manage this portfolio of properties to maturity or sale. "We have demonstrated our ability to help Americans stay in their homes and protect equity values while making attractive returns for our company," added Mr. Redd. "This is a big step forward in our plan to build value for our shareholders by acquiring assets at attractive values and managing them to realize profits," he concluded.
In an era when major banks such as Bank of America (BAC) are seeking to find outside expertise to manage real property assets under stress, Oxford stands poised to profit and add value for shareholders by delivering strategic solutions to investors and owners of financial assets.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
SOURCE: Oxford Funding Corp.
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