Industry News

Centene Corp; and UPMC for You, which is owned by the University of Pittsburgh..."/>
Pa. picks three firms to manage Medicaid benefits for elderly and disabled [Philly.com]
Macy's empire plans to announce the locations of most of its 100 store closures by the end of January. Elina Kazan, national spokeswoman for Macy's, said Monday that the majority of the targeted stores to shut will be announced by the end of January 2017, or in about five months. "For those remaining locations, it will be sometime later-- not yet determined when.""/>
The 100 Macy's stores to close will be announced after Christmas [The Philadelphia Inquirer]
Dundee Corporation and United Hydrocarbon International Corp. are pleased to announce that, in collaboration with the minority shareholders of UHIC, they have completed a restructuring of UHIC's capital structure pursuant to which UHIC has emerged with a clean balance sheet and sufficient working capital to pursue its immediate objective of attracting a joint venture partner or investors to fund the further development of its resources."/>
Dundee Corporation and United Hydrocarbon International Corp. Announce Restructuring
Firm Capital Mortgage Investment Corporation announces a 50% increase in the discount rate on its Dividend Reinvestment Plan to 3% on shares issued from treasury. Shareholders may elect to reinvest their dividends in FCMIC Common Shares at a 3% discount on shares issued from treasury. The new terms apply to shareholders of record who are entitled to cash dividends and have elected to participate in the DRIP for dividends paid on and after September 15,..."/>
Firm Capital Mortgage Investment Corporation announces a 50% increase in the discount rate to the Dividend Reinvestment Plan
W. R. Berkley Corporation announced today that William R. Berkley, its executive chairman and W. Robert Berkley, Jr., its president and chief executive officer, will present at the Keefe, Bruyette& Woods Insurance Conference being held in New York City. The presentation will take place on Wednesday, September 7, 2016 at 1:00 p.m. eastern time. The presentation will be webcast live on the Company’ s website at http://www.wrberkley.com."/>
W. R. Berkley Corporation to Present at the Keefe, Bruyette & Woods Insurance Conference
Synchrony Financial President and Chief Executive Officer Margaret M. Keane and Executive Vice President and Chief Financial Officer Brian D. Doubles will participate in the Barclays Global Financial Services Conference in New York on Tuesday, September 13, 2016 at 7:30 am. A live webcast and replay will be made available on the Synchrony Financial Investor Relations website at www.investors.synchronyfinancial.com. Synchrony Financial is one of the..."/>
Synchrony Financial to Participate in the Barclays Global Financial Services Conference
Northrim BanCorp, Inc. today announced its Board of Directors has promoted Michael Martin to serve as Chief Operating Officer of Northrim Bank, effective immediately.. Mike Martin assumes the role of Chief Operating Officer of Northrim Bank and remains an Executive Vice President, General Counsel and Corporate Secretary at both the corporate and bank levels. He is taking over the COO role from Joe Schierhorn, who remains the President and CEO of..."/>
Michael Martin Promoted to Chief Operating Officer of Northrim Bank
ESSA Bancorp, Inc., the holding company for ESSA Bank& Trust, a $1.8 billion asset institution providing full service retail and commercial banking, financial and investment services, today announced that its Board of Directors declared a dividend of nine cents per share. The dividend is payable to shareholders of record as of September 16, 2016, payable on September 30, 2016.. This will be the thirty-fourth consecutive quarter ESSA Bancorp, Inc. has..."/>
ESSA Bancorp, Inc. Declares Quarterly Dividend
Landmark Infrastructure Partners LP today announced that it has completed two separate acquisitions.. In the first transaction, the Partnership acquired 392 tenant sites located in 47 states from Landmark Dividend Growth Fund– G LLC, an affiliate of the Partnership’ s sponsor, Landmark Dividend LLC. Total consideration was $155.7 million, consisting of approximately 3.8 million common units representing limited partner interests in the..."/>
Landmark Infrastructure Partners LP Announces Two Additional Drop-Down Transactions; Acquires Assets Subject to its Right of First Offer and Real Property Interests from Sponsor
Apple to pay back taxes to Ireland, saying the country gave the tech giant illegal tax benefits worth up to 13 billion euros, or $14.5 billion. The commission said Apple's tax deal with Ireland allowed the company to avoid paying taxes on almost all the profits generated by sales of Apple products across the single-market European Union. Ireland has a corporate tax rate..."/>
Apple slammed with $14.5 billion back-tax penalty in Europe [East Bay Times]
PBF Energy Inc. announced today that the company's management will participate in the Barclays CEO Energy-Power Conference on September 7, 2016. The company's presentation will be available on the Investor Relations section of the PBF Energy website at www.pbfenergy.com. About PBF Energy Inc. PBF Energy Inc. is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related..."/>
PBF Energy to Participate in the Barclays CEO Energy-Power Conference
Willis Towers Watson, a leading global advisory, broking and solutions company, will bring over 400 jobs to its new 92,000- square-foot technology hub and service center located at 1144 W. Washington St., Tempe, AZ.. A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/c6063dee-1d78-4a62-b233-b16946fdc7c3. The new center opens at 10:00 a.m. on Tuesday, August 30, with remarks by U.S."/>
Willis Towers Watson technology hub and service center bringing over 400 jobs to Arizona
CM Finance Inc today announced financial results for its fiscal fourth quarter ended June 30, 2016.. Decline in NAV per share to $11.90 per share from $11.96 per share as of March 31, 2016 Investment portfolio declined by $4.2 mm, or 1.6%, from last quarter, to $272.1 mm at fair value Three new investments with a cost of $15.3 mm and an average yield of 10.60% were made during the quarter Two investments were fully realized during the quarter Weighted average..."/>
CM Finance Inc Reports Results for its Fiscal Fourth Quarter ended June 30, 2016
Ocwen Financial Corporation, a leading financial services holding company, along with the Seattle King County NAACP, announced today that they will host a Help& Hope for Homeowners borrower outreach event in Des Moines, Washington on September 10, 2016. The event will be held in Des Moines to attract borrowers from Seattle and Tacoma as well as the surrounding areas, where delinquency rates remain relatively high.. The event for Ocwen customers will..."/>
Ocwen and NAACP to Hold Homeowner Outreach Event in Washington State
Camden National Corporation announced today that its Board of Directors has approved a three-for-two stock split to be effected in the form of a stock dividend on the Company's common stock. The three-for-two stock split is payable September 30, 2016, to its common shareholders of record at the close of business on September 15, 2016. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would..."/>
Camden National Corporation's Board Announces Three-for-Two Stock Split
Sterling Bancorp, today announced that it has priced a private offering of $65 million aggregate principal amount of its 5.25% fixed-to-floating rate subordinated notes due 2026. The offering, which is expected to close on or about September 2, 2016, subject to customary closing conditions, is a reopening of the Bank's previous offering of $110 million aggregate principal amount of 5.25%..."/>
Sterling National Bank Announces Pricing of Subordinated Notes Offering
Monroe Capital Corporation announced today that its Board of Directors has declared a distribution of $0.35 per share for the third quarter of 2016, payable on September 30, 2016 to stockholders of record as of September 15, 2016. The Company has adopted a dividend reinvestment plan that provides for reinvestment of distributions on behalf of its stockholders, unless a stockholder elects to receive cash prior to the record date. As a result, when the..."/>
Monroe Capital Corporation Announces Third Quarter Distribution of $0.35 Per Share
WP Glimcher to Washington Prime Group. COLUMBUS, Ohio---- Washington Prime Group Inc. today announced that its Board has appointed Sheryl von Blucher as a director of the Company effective immediately. Her appointment fills a vacancy on the Board created by the retirement of Marvin L. White at the conclusion of the Company’ s annual meeting of shareholders held earlier today."/>
Washington Prime Group Announces Appointment of Sheryl von Blucher to Board of Directors
Capital Southwest Corporation announced the closing of a four-year syndicated revolving credit facility led by ING Capital LLC in the initial amount of $100 million, with an accordion feature that provides for expansion of the facility up to $150 million, subject to customary conditions. The facility will bear interest at a rate of LIBOR plus 3.25% per annum, with no LIBOR floor. The Credit Facility has a maturity date of August 30, 2020.."/>
Capital Southwest Announces Closing of $100 Million Secured Revolving Credit Facility
TCP Capital Corp. announced today that it intends to privately offer, subject to market and other conditions, $100 million in aggregate principal amount of convertible senior unsecured notes due 2022. In addition, the Company expects to grant the initial purchasers of the Notes an option to purchase up to an additional $15 million in aggregate principal amount of the Notes to cover overallotments. The Notes will be offered in a private..."/>
TCP Capital Corp. Announces Private Offering Of Convertible Senior Notes Due 2022

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