09:55 AM EST - Axis Auto Finance Inc : Announced today that it has purchased a portfolio of auto loans from an Ontario based competitor. Highlights include, $17.2 million in auto loan balances, The purchase will boost the Axis owned auto loan portfolio by 12%, Funded through cash on closing and a holdback to be released over 36 months subject to portfolio performance. Axis Auto Finance Inc
shares T.AXIS are trading unchanged at $0.48.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=AXIS%3ACA&qmodStoryID=6503310623070170
