Catalyst Fund may call for special meeting of BKF Capital shareholders

By Lisa Kerner

Charlotte, N.C., July 28 - BKF Capital Group, Inc. investor Catalyst Fund, LP is exploring options to carry out the proposals it set forth in prior Securities and Exchange Commission filings.

In its latest schedule 13D filed with the SEC, Catalyst Fund said it may call for a special meeting of BKF shareholders for the election of directors, among other things.

According to Catalyst, the board has failed to act in the best interests of the company's shareholders, citing excessive expenditures to maintain BKF's limited operations.

Catalyst previously reported that the board rejected the investor's proposals made on July 21 to reduce the size of the board, to remove or replace some or all board members and to decrease BKF's expenditures on current operations, including compensation paid to management.

The board offered to appoint Catalyst Fund GP, LLC member Steven Bronson to the board. Catalyst Fund said it declined this offer, according to a prior SEC filing.

Catalyst Fund owns 3,791,721 shares, or 47.5%, of the company's common stock.

BKF Capital, based in New York, does not currently have significant operations.

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