MMA Capital Holdings, Inc.(NasdaqCM:MMAC) dropped from Russell 2000 Defensive Index

MMA Capital Holdings, Inc. is an infrastructure finance company. The Company is focused on providing debt financing for renewable energy projects. Its objective is to produce attractive risk-adjusted returns by investing in the large, growing and fragmented renewable energy market in the United States (U.S.). In addition to renewable energy investments, it owns a limited number of bond investments and real estate-related investments, and it continue to have subordinated debt with beneficial economic terms. The Company invests in loans that finance renewable energy projects to enable developers, design and build contractors and system owners to develop, build and operate renewable energy systems throughout the U.S. Renewable energy debt in which it invests is primarily structured as senior secured fixed rate loans that are made through joint ventures.