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Actionable news in ASFI: Asta Funding, Inc.,

Asta: Robert J. Michel, Cfo Asta Funding, Inc.

The following excerpt is from the company's SEC filing.

(201) 567-5648

Asta Funding, Inc. Adopts Rule 10b5-1 Plan in Conjunction with Share Repurchase Program

ENGLEWOOD CLIFFS, N.J., August 17, 2015 Asta Funding, Inc. (NASDAQ: ASFI) (the Company), a consumer receivable asset management and financial services company, today announced that its board of directors has approved the repurchase of up to $15,000,000 of the Companys common stock, which is effective through December 31, 2015.

A plan under Rule 10b5-1 allows a company to repurchase its shares at times when it otherwise might be prevented from doing so under insider trading laws or bec ause of self-imposed trading blackout periods. A broker selected by the Company will have the authority under the terms and limitations specified in the plan to repurchase shares on the Companys behalf in accordance with the terms of the plan. Repurchases are subject to SEC regulations as well as certain price, market volume and timing constraints specified in the plan. The Company may terminate the plan at any time.

About Asta Funding

Based in Englewood Cliffs, NJ, Asta Funding, Inc., is a consumer receivable asset management and financial services company. For additional information, please visit our website at

http://www.astafunding.com

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