Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): July 30, 2021



(Exact Name of Registrant as Specified in Charter)







(State or Other

Jurisdiction of Incorporation)



File Number)


(IRS Employer

Identification No.)


600 Montgomery Street, Suite 1100, San Francisco, California 94111 

(Address of principal executive offices, including Zip Code) 


(415) 835-8900

(Registrants Telephone Number, Including Area Code)


(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Shares representing limited liability company interests in JMP Group LLC


New York Stock Exchange

JMP Group Inc. 7.25% Senior Notes due 2027


The Nasdaq Global Market

JMP Group LLC 6.875% Senior Notes due 2029


The Nasdaq Global Market


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company ☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 7.01. Regulation FD Disclosure


On July 30, 2021, JMP Group LLC (the “Company” or “JMP Group”) realized a gain on its investment in Workspace Property Trust, one of the leading owners and operators of suburban office and light industrial real estate in the U.S. (“Workspace”).


In December 2015, JMP Group invested $10.0 million in the formation of Workspace. Workspace recently completed a dividend recapitalization transaction, resulting in a cash distribution of $23.8 million to JMP Group and reducing the Company’s ownership of Workspace to 5.6% on a fully diluted basis.


Because of equity method accounting adopted at the time of JMP Group’s initial investment, JMP Group currently records the value of its equity interest in Workspace at zero, while the fair value of JMP Group’s remaining investment based on Workspace’s valuation is approximately $15.3 million.


The information contained in this Item 7.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.


The information furnished in this Current Report on Form 8-K shall not be deemed to constitute an admission that such information or exhibit so furnished is required to be furnished pursuant to Regulation FD or that such information or exhibit contains material information that is not otherwise publicly available. In addition, the Company does not undertake or assume any obligation to update such information or exhibit in the future.






Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





Date:  August 2, 2021


/s/ Raymond Jackson


Raymond Jackson


Chief Financial Officer