On April 21, 2020, RBF Capital LLC expressed its view that the proposed take-private transaction for Asta Funding, Inc. at a purchase price of $11.47, put forth by Gary Stern and Ricky Stern grossly undervalues the Company. RBF Capital stated that it had a telephonic meeting with the Chairman and Chief Executive Officer as well as the Chief Financial Officer of the Company on April 17, 2020 expressing its views in this regard. RBF Capital added that on April 20, 2020 it has sent a letter to the Board of Directors of the Company further expressing its views on the undervaluation inherent in the proposed take-private and stated its intention to vote against the transaction in its current form.