Medley reports $2.02 million net profit on zero net revenue for July

By Sarah Lizee

Olympia, Wash., Sept. 20 – Medley LLC reported a $2.02 million net profit on zero net revenue for the July period, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $4.27 million net loss on zero net revenue for the June period.

The company listed $808,424.23 of unrestricted cash and equivalents as of July 31, compared to $936,231 as of June 30.

New York-based Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. The company filed bankruptcy on March 7, 2021 under Chapter 11 case number 21-10526.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.