Industry News

Arch Capital Group Ltd. today announced that it has entered into a definitive agreement to acquire United Guaranty Corporation and AIG United Guaranty Insurance Limited from their current owner, American International Group, Inc.. The combination of Arch’ s existing mortgage insurance business with UGC’ s established business will create the largest private mortgage insurer in the world, based on insurance in-force, with a global footprint."/>
Arch Capital Group Ltd. to Acquire United Guaranty Corporation
WSFS Financial Corporation, the parent company of WSFS Bank, today announced that on Friday, August 12, 2016 it completed the previously announced acquisition of Penn Liberty Financial Corp., a community bank headquartered in Wayne, Pennsylvania.. All Penn Liberty Bank accounts have successfuly converted to WSFS Bank accounts. All former Penn Liberty Bank Customers, now WSFS Bank Customers, have full access to WSFS Bank services including debit..."/>
WSFS Financial Corporation Announces Successful Completion of the Acquisition and Conversion of Penn Liberty Financial Corp.
American International Group, Inc. today announced that it has entered into an agreement to sell its 100 percent interest in United Guaranty Corporation to Arch Capital Group Ltd., a Bermuda-based writer of specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance, on a worldwide basis. Total consideration for the transaction is $3.4 billion, consisting of $2.2 billion of cash, $250 million of newly issued Arch..."/>
AIG Agrees to Sell United Guaranty Corporation to Arch Capital Group for $3.4 Billion
FirstService Corporation today announced that it has added another market-leading franchise to its FirstService Brands company-owned operations through the acquisition of Paul Davis Restoration of Fairfield and Westchester. The acquisition marks the third addition to PDR’ s growing company-owned operations, joining Central Pennsylvania and recently acquired North Florida. Edward and Nancy Nardella will remain in their respective roles as..."/>
FirstService Brands Expands Company-Owned Operations into New York and Connecticut
Noah Holdings Limited, a leading wealth and asset management service provider with a focus on global services for high net worth individuals and enterprises in China, today announced its unaudited financial results for the second quarter of 2016.. Starting from the fourth quarter of 2015, the Company changed its reporting currency from the U.S. dollar to the Renminbi. The change in reporting currency is to better reflect the Company's..."/>
Noah Holdings Limited Announces Unaudited Financial Results for the Second Quarter of 2016
Voya Financial, Inc., announced today the monthly distributions on the common shares of two of its closed-end funds. With respect to each Fund, the distribution will be paid on September 15, 2016, to shareholders of record on September 6, 2016. The ex-dividend date is September 1, 2016."/>
Voya Equity Closed End Funds Declare Distributions
CIFC LLC today announced its results for the second quarter ended June 30, 2016.. GAAP net income for the six months was $22.1 million as compared to $6.5 million for the same period in the prior year. GAAP net income for the quarter was $17.6 million as compared to $1.1 million for the same period in the prior year. Economic Net Income "ENI", a non-GAAP measure, for the six months was $27.6 million as compared to $22.6 million for the same period in the prior year."/>
CIFC LLC Announces Second Quarter 2016 Results
RE/MAX brokers and office managers from around the world have gathered at the annual Broker/Owner Conference in Chicago to discuss and learn about pioneering strategies to grow their businesses and continue the tradition as the most productive real estate network*. The conference kicked off with the Opening General Session this morning during which RE/MAX reaffirmed its commanding lead in productivity** over national..."/>
RE/MAX Highlights New Opportunities in Fast-Paced Housing Market
JPMorgan Chase Declares Preferred Stock Dividend
MetLife, Inc. today announced that it has declared a quarterly dividend of $0.25555555 per share on the company’ s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share. The dividend will be payable Sept. 15, 2016, to shareholders of record as of Aug. 31, 2016.. MetLife, Inc., through its subsidiaries and affiliates, is one of the largest life insurance companies in the world."/>
MetLife Declares Third Quarter 2016 Preferred Stock Dividend
AG Mortgage Investment Trust, Inc. announced today that its board of directors has declared a quarterly cash dividend of $0.51563 per share on its 8.25% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on September 19, 2016 to holders of record on August 31, 2016.. Additionally, the board of directors declared a quarterly cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Preferred Stock."/>
AG Mortgage Investment Trust, Inc. Announces Preferred Dividends Payable on September 19, 2016
Brixmor Property Group Inc. announced today that its operating partnership, Brixmor Operating Partnership LP, priced an offering of $500 million aggregate principal amount of 3.25% Senior Notes due 2023. The Notes will be issued at 99.736% of par value with a coupon of 3.25%. Interest on the Notes is payable semi-annually on March 15 and September 15 of each year, commencing March 15, 2017."/>
Brixmor Property Group Prices Offering Of Senior Notes
Global Self Storage, Inc., a real estate investment trust that owns and operates self storage facilities, reported results for the quarter and six months ended June 30, 2016.. Same-store net operating income increased 9.7% to $713,000 Same-store average overall square foot occupancy improved to 92.1% from 90.1% Maintained quarterly dividend of $0.065 per common share Completed $20.0 million debt financing; bringing cash, cash equivalents, and..."/>
Global Self Storage Reports Second Quarter and Six-Month 2016 Results
Digital Realty Trust, Inc., a leading global provider of data center, colocation and interconnection solutions, announced today that it intends to redeem all 11,500,000 outstanding shares of its 7.000% Series E Cumulative Redeemable Preferred Stock. Series E Preferred Stock held through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depository Trust Company. The redemption date will..."/>
Digital Realty Announces Redemption of 7.000% Series E Preferred Stock
FlexShopper, Inc., a leading national online lease-to-own retailer and LTO payment solution provider, today announced its financial results for continuing operations for the quarter ended June 30, 2016, highlighted by record results. Results for Three Months Ended June 30, 2016 vs. Three Months Ended June 30, 2015:."/>
FlexShopper, Inc. Reports 147% Increase In Revenue In Second Quarter 2016
LM Funding America, Inc., a specialty finance company offering unique funding solutions to community associations, reported results for the three and six month periods ended June 30, 2016.. Revenue totaled $1.43 million versus $2.02 million in Q2 2015 Rental revenues increased to $68,000 from $38,000 in Q2 2015 REO portfolio increased to 63 properties at quarter end from 31 at June 30, 2015. Six Months Ended June 30, 3016 Highlights."/>
LM Funding Reports Second Quarter and Six-Month 2016 Results
American Independence Corp. today reported 2016 second-quarter and six-month results. On March 31, 2016, AMIC completed the sale of IHC Risk Solutions, LLC and the medical stop-loss business it produced and realized an after tax gain of approximately $114 million. In addition, under the purchase and sale agreement, all of the in-force medical stop-loss business of Independence American Insurance Company produced by Risk Solutions is 100% co-insured as..."/>
American Independence Corp. Announces 2016 Second-Quarter and Six-Month Results
CyrusOne Inc. has closed a public offering of 7,820,000 shares of its common stock, which included 1,020,000 shares of common stock sold pursuant to the option granted to the underwriters, which was exercised prior to closing. 3,400,000 shares were offered directly by CyrusOne, and 4,420,000 shares were offered, at the request of CyrusOne, by the Forward Seller in connection with the forward sale agreements described below, at a price to the public of $50.50 per share."/>
CyrusOne Inc. Closes Public Offering of Common Stock
Meta Financial Group, Inc. ®, parent company of MetaBank ® based in Sioux Falls, S.D., today announced it had completed the public offering of $75 million of its 5.75% Fixed-to-Floating Rate Subordinated Notes due August 15, 2026. The Notes will initially bear interest at 5.75% per annum from the issue date to, but excluding, August 15, 2021, payable semi-annually in arrears, and, thereafter, at an annual interest rate equal to the then-current..."/>
Meta Financial Group, Inc.® Announces Completion of $75 Million Subordinated Notes Offering
Golub Capital BDC, Inc., a business development company, announced that it plans to make a public offering of 1,750,000 shares of its common stock. Wells Fargo Securities is acting as the sole book-running manager for the offering. The Company also plans to grant the underwriter an option to purchase up to an additional 262,500 shares of common stock."/>
Golub Capital BDC, Inc. Announces Public Offering
Zoned Properties, Inc., a strategic real estate development firm whose primary mission is to identify, develop, and lease sophisticated, safe, and sustainable properties in emerging industries, including the licensed marijuana industry, today announced its financial results for the second quarter and six months ending June 30, 2016.. Investment of over $350,000 in capital for project expansion at the Chino Valley property to increase..."/>
Zoned Properties Announces Second Quarter Results
National Holdings Shares. NEW YORK---- National Holding Corporation, a leading full service independent brokerage, investment banking and investment advisory firm providing diverse services including tax preparation& accounting services, today announced its financial results for the fiscal third quarter ended June..."/>
National Holding Corporation Announces Fiscal Third Quarter 2016 Financial Results

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