In December 2018, AmFin Financial Corporation, the former parent of AmTrust Bank, completed the plan of reorganization adopted in connection with its 2009 bankruptcy filing. Following repayment of all approved claims, the Company emerged from that bankruptcy holding cash and short-term liquid assets as well as minority positions in several limited partnerships, most of which were real estate related.
In 2019, AmFin restructured its Board of Directors and management to position itself for future opportunities. Those opportunities may involve partnership investments, future mergers, acquisitions, business ventures, other strategic investments or other strategic alternatives. As the company continues to develop its strategy, it intends to explore various financing alternatives to improve both its liquidity and capital position with the objective of selecting those alternatives most beneficial to its shareholders, which may be based on long term objectives.