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Brown Trout Management Initiates Exposure in Tower Financial

Brown Trout Management, Tower Financial: Brown Trout Management, managed by Steven Gerbel, just reported it is initiating a passive stake in Tower Financial Corporation (NASDAQ:TOFC). The position contains 241,063 shares, with an aggregate value of around $5.8 million, at the current stock price of the company. The stake represents 5.2% of the company.

Tower Financial Corporation

Disclosure: none

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