Chesswood Announces Year-End Results for 2011
Summary
“Our business model, which withstood the toughest economic climate in decades, is now showing its strength in a time of growth, as well,” added Shafran.The Company’s audited consolidated financial statements for the years ended December 31, 2011 and 2010 have been filed with the related management discussion and analysis.The 2010 financial statements relate to Chesswood Income Fund (the“Fund”), which was converted from a trust structure into the Company, effective as of January 1, 2011.Fort Collins, CO, March 21, 2012 --( PR.com )-- Chesswood posted another year of record earnings before taxes in 2011.“We earned $12.6 million before taxes this past year, driven by the continued double digit growth of Pawnee’s portfolio and strong overall portfolio performance,” said Barry Shafran, the Company’s President and CEO.“Our business model, which withstood the toughest economic climate in decades, is now showing its strength in a time of growth, as well,” added Shafran.The Company’s audited consolidated financial statements for the years ended December 31, 2011 and 2010 have been filed with the related management discussion and analysis.