Ameritrans Capital Corporation Announces
Preferred Stock Repurchase Program
May 17, 2010 11:05 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--On May 12, 2010, the Board of Directors of Ameritrans Capital
Corporation (NASDAQ: AMTC)(NASDAQ: AMTCP) approved a repurchase program (the "Repurchase
Program") for its 9 3/8% Cumulative Participating Redeemable Preferred Stock (“Preferred Stock”). Under the
Repurchase Program, Ameritrans may from time to time purchase up to 150,000 shares of Preferred Stock in open
market purchases in accordance with Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as
amended. The timing and amount of purchases made under the Repurchase Program will depend upon prevailing
stock prices, general economic and market conditions, and other factors. Any Preferred Stock acquired under the
Repurchase Program will be retired.
Ameritrans Capital Corporation is an internally managed, closed-end investment company that has elected to be
regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended.
Ameritrans originates, structures and manages a portfolio of secured business loans and selected equity securities.
Ameritrans' wholly owned subsidiary Elk Associates Funding Corporation was licensed by the United States Small
Business Administration as a Small Business Investment Company (SBIC) in 1980.
This announcement contains forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to
differ materially from those presently anticipated or projected. Ameritrans Capital Corporation cautions investors not
to place undue reliance on forward-looking statements, which speak only as to management's expectations on this
Ameritrans Capital Corporation
Michael Feinsod, 212-355-2449