FirstCity Financial files $100 million shelf for preferreds, stock

New York, Jan. 28 - FirstCity Financial Corp. registered to sell up to $100 million of preferred stock and common stock in an S-3 shelf filing with the Securities and Exchange Commission.

The preferreds can be sold as convertibles.

Proceeds will be used for general corporate purposes.

FirstCity is a Waco, Texas, financial services company with two business lines: the acquisition of portfolios of performing and non-performing loans and other assets, generally at a discount, and providing investment capital to privately held middle-market companies.

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