Cliffside Capital Ltd.

10:44 AM EST - Cliffside Capital Ltd. : Reported results for the year ended December 31, 2018. Cliffside acquired finance receivables of $92 million during the year, resulting in growth in total assets of $55 million or 83% from $66 million in the prior year to $121 million. The increase in total assets resulted in a corresponding increase to net interest income of $5.5 million, which is up 177% from the prior year. Similarly, Cliffside earned net financial revenue before credit losses of $5.1 million during the year, up from $1.4 million in the prior year. Since inception, Cliffside has acquired almost 7,000 automobile loans. Cliffside reported a net loss after taxes of $1.1 million for the year. Cliffside Capital Ltd. shares V.CEP are trading unchanged at $0.24.