CEDAR RAPIDS, Iowa, Feb. 28 /PRNewswire-FirstCall/ -- At the annual meeting of shareholders on February 27, 2007, the shareholders of MACC Private Equities Inc. re-elected five current directors to MACC's Board of Directors for one-year terms: Michael Dunn, Benjamin Jiaravanon, Jasja Kotterman, Gordon Roth and Geoffrey Woolley.
The shareholders also ratified the appointment of KPMG LLP as independent auditors for MACC for the fiscal year ending September 30, 2007.
MACC is a business development company with a portfolio of investments in small businesses in the United States held through its wholly-owned subsidiary, MorAmerica Capital Corporation, a small business investment company. MorAmerica Capital Corporation is the country's third oldest operating SBIC, licensed in 1959. MACC common stock is traded on The Nasdaq Capital Market under the symbol "MACC."
© 2007 PR Newswire
