SAN FRANCISCO--(BUSINESS WIRE)--JMP Group LLC (NYSE:JMP), an investment banking and alternative asset management firm, announced today that its board of directors has declared cash distributions of $0.037 per share for the months of April, May and June 2015. In total, the three monthly payments equate to a cash distribution of $0.111 for the second quarter of the year, an increase of nearly 6% from $0.105 for the prior quarter and an increase of 85% from $0.060 for the second quarter of 2014.
The April distribution is payable on or before May 15, 2015, to shareholders of record as of April 30, 2015. The May distribution is payable on or before June 15, 2015, to shareholders of record as of May 29, 2015. The June distribution is payable on or before July 15, 2015, to shareholders of record as of June 30, 2015.
About JMP Group
JMP Group LLC is an investment banking and asset management firm that provides investment banking, equity research, and sales and trading services to corporate and institutional clients as well as alternative asset management products and services to institutional and high-net-worth investors. JMP Group conducts its investment banking and research, sales and trading activities through JMP Securities; its hedge fund and other investment activities though Harvest Capital Strategies; the underwriting and management of investments in senior secured debt through JMP Credit Advisors; and the management of Harvest Capital Credit Corporation (NASDAQ: HCAP), a business development company that finances small and midsized businesses, through HCAP Advisors. For more information, visit www.jmpg.com.