Industry News

Plaza Retail REIT today announced solid financial results for the six months ended June 30, 2016.. Michael Zakuta, President and CEO said, "We are pleased with our financial results for the six months ended June 30, 2016. Our business continues to benefit and grow from development and redevelopment activity."/>
Plaza Retail REIT Announces Solid Results for the Six Months Ended June 30, 2016
AmBase Corporation announced today a net loss of $819,000 or $0.02 per share and $1,963,000 or $0.05 per share, for the three months and six months ended June 30, 2016, respectively. For the three months and six months ended June 30, 2015, the Company recorded a net loss of $1,004,000 or $0.03 per share and $2,090,000 or $0.05 per share, respectively. Statements made in this press release may be forward-looking statements within the meaning..."/>
AmBase Reports Results For The Second Quarter And Six Months Ended June 30, 2016
CNB Financial Corporation board of directors for 27 years, was unanimously elected Chairman of the Board, effective January 1, 2017, by fellow directors. Dennis L. Merrey has been Chairman since 2007 and provided a two-year notice of his intention to step down as chair at the end of 2016. Mr. Merrey has been a director of the Corporation since 1991 and will remain on the Board of Directors."/>
CNB Financial Corporation Board Elects Smith as Chairman
Blackstone Announces Third Quarter 2016 Media Call
Blackstone Announces Third Quarter 2016 Investor Call
Morguard Corporation announced today that it has acquired 1,351,329 units of Morguard Real Estate Investment Trust through the facilities of the Toronto Stock Exchange and/or alternative Canadian trading systems between December 11, 2015 and August 10, 2016 at a weighted average price of $14.18 per Unit. The Units acquired by Morguard represent 2.23% of the issued and outstanding Units of Morguard REIT.. Following the acquisitions,..."/>
Morguard Corporation Increases Ownership Position in Morguard Real Estate Investment Trust
Gladstone Land Corporation announced today that it has acquired approximately 70 acres of farmland in Hillsborough County, Florida, for $1.7 million. In connection with the acquisition, the Company assumed a lease agreement with a leading global berry operator as the tenant. The lease runs through 2021 and includes a 5- year extension option.."/>
Gladstone Land Acquires Farm in Florida
Cordia Bancorp Inc. announced today that Cordia’ s shareholders have approved First Citizens’ pending acquisition of Cordia and its Bank of Virginia subsidiary. At a meeting held today, the shareholders of Midlothian, Va.-based Cordia voted to approve the merger agreement with Raleigh, N.C.-headquartered First Citizens. The merger has also been approved by the Federal Deposit Insurance Corp...."/>
Cordia Bancorp Inc. Shareholders Approve Merger With First Citizens Bank
Pioneer Bankshares, Inc., parent company of Pioneer Bank, reported unaudited consolidated net income for the six month period ending June 30, 2016 of $880,000 or $0.91 per share as compared to $1.008 million or $1.05 per share for the same period last year. The Company's earnings through June 30, 2016 show a decrease of $127,000 as compared to the same period in 2015. This change is primarily attributed to increased costs on deposits associated..."/>
Pioneer Bankshares, Inc. Announces 2016 - 2nd Quarter YTD Earnings
Sprott Inc. today declared an eligible dividend of $0.03 per common share for the quarter ended June 30, 2016, payable on September 6, 2016 to shareholders of record at the close of business on August 23, 2016.. Sprott is a global alternative asset manager with three primary lines of business: Private Resources; Exchange Listed Products; and Diversified Alternative Investment Management. The Private Resource business platform houses the Company's..."/>
Sprott Inc. Declares Second Quarter 2016 Dividend
Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Clear Credit has surpassed $100 billion year to date in gross notional cleared for client accounts for single name credit default swaps. ICE Clear Credit is the leading global clearing house for credit derivatives clearing. ICE Clear Credit launched client clearing for single name CDS in June 2013."/>
ICE Clear Credit Surpasses $100 Billion in Client Cleared Single Name Credit Default Swaps for 2016
Legg Mason Inc., where he built a reputation in the 1990 s and early 2000 s as a star stock-picker for beating Standard& Poor's 500 index for 15 consecutive years. Miller will buy out Legg Mason's share of LMM LLC, an investment manager jointly owned by Miller and the Baltimore money management firm. LMM oversees $1.8 billion in assets in the Legg Mason Opportunity Trust and Miller Income Opportunity Trust, the fund Miller..."/>
Veteran fund manager Bill Miller separates from Legg Mason [The Baltimore Sun]
Pinnacle Bankshares Corporation, the one-bank holding company for First National Bank, announced today that its Board of Directors declared a cash dividend of $0.10 per share on August 9, 2016, payable September 2, 2016 to shareholders of record as of August 19, 2016.. The cash dividend is a $0.01 increase over the $0.09 per share paid to shareholders last quarter and marks the sixteenth consecutive quarter that a dividend has been declared."/>
Pinnacle Bankshares Corporation Declares Cash Dividend
Yes Bank to tank up on $1 billion via rights issue for growth drive. Yes Bank is set to launch a $1- billion share sale to institutional investors in what would be the biggest such exercise this year to support its expansion and take advantage of an expected economic revival in India, reported The Economic Times."/>
Deals Buzz: Yes Bank to tank up on $1 billion via rights issue for growth drive [Mint, New Delhi]
Heritage Financial Corporation, the parent company of Heritage Bank, announced that director Kimberly Ellwanger was named a National Association of Corporate Directors Board Leadership Fellow joining 51 other distinguished NACD Board Leadership Fellows during the second quarter. The NACD Fellowship is a comprehensive and continuous program of study that empowers directors with the latest boardroom insights, intelligence, and..."/>
Director Kimberly Ellwanger Named NACD Board Leadership Fellow
New urban park announced [The Honolulu Star-Advertiser]
W. R. Berkley Corporation today announced the completion of the previously disclosed sale of a wholly-owned investment, Aero Precision Industries, and certain related aviation services businesses. As expected, the Company realized a pre-tax gain of approximately $130 million on the sale. Founded in 1967, W. R. Berkley Corporation is an insurance holding company that is among the largest commercial lines writers in the United States and operates worldwide in..."/>
W. R. Berkley Corporation Completes Sale of Wholly-Owned Investment

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