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Atlantic Coast Financial investor exits stake

Seumas Dawes; Australia-based Albury Investment Partnership; and the Albury Investment Trust, Rose Capital Pty Ltd, as trustee, have exited their stake in Jacksonville, Fla.-based Atlantic Coast Financial Corp.

Albury Investment on Nov. 22 sold its remaining 1,328,666 beneficially owned Atlantic Coast shares in the open market. The sale price was approximately $12.3 million.