Industry News

First NBC Announces Delay in Filing 2015 Annual Report
American Financial Group, Inc. announced today the registered offering of $300 million of 3.50% Senior Notes due August 15, 2026. The Notes were priced at 99.608% of their principal amount. The company plans to use the net proceeds from the issuance of the Notes to fund a portion of the purchase price to acquire all shares of National Interstate Corporation common stock that are not currently owned by its wholly-owned subsidiary, Great American Insurance Company in..."/>
American Financial Group, Inc. Announces the Offering of $300 Million of Senior Notes
Trez Capital Mortgage Investment Corporation today released its financial results for the quarter ended June 30, 2016.. For the three months ended June 30th. Loss from operations totaled $3.8 million, compared to income from operations of $3.0 million in Q2 of 2015 Net loss for the quarter totaled $3.8 million, compared to net income of $2.7 million in Q2 of 2015 Basic and diluted loss per share were versus dividends declared of $0.175 per share."/>
Trez Capital Mortgage Investment Corporation Announces Second Quarter 2016 Results
Sun Life Financial Inc. today announced that it does not intend to exercise its right to redeem its outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 10 R on September 30, 2016. As a result, subject to certain conditions, the holders of Series 10 R Shares will have the right, at their option, to convert all or part of their Series 10 R Shares on a one-for-one basis into Class A Non-Cumulative Floating Rate Preferred Shares Series 11 QR of..."/>
Sun Life Financial Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R
True North Commercial Real Estate Investment Trust today announced a cash distribution of $0.0495 per trust unit for the period from August 1, 2016 and ending August 31, 2016. The distribution will be payable on September 15, 2016 to unitholders of record as at August 31, 2016.. Unitholders can participate in the REIT's unitholder Distribution Reinvestment Plan."/>
True North Commercial REIT Announces August 2016 Distribution
Sun Life Financial Inc. today announced that it does not intend to exercise its right to redeem its outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 10 R on September 30, 2016. As a result, subject to certain conditions, the holders of Series 10 R Shares will have the right, at their option, to convert all or part of their Series 10 R Shares on a one-for-one basis into Class A Non-Cumulative Floating Rate Preferred Shares Series 11..."/>
Sun Life Financial Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 10R
Income Opportunity Realty Investors, Inc., a Dallas-based real estate investment company, reported results of operations for the second quarter ended June 30, 2016. IOT announced today that the Company reported net income applicable to common shares of $743,000 or $0.18 per diluted earnings per share for the three months ended June 30, 2016, as compared to net income applicable to common shares of $603,000 or $0.14 per diluted earnings per share for the same period..."/>
Income Opportunity Realty Investors, Inc. Reports Second Quarter 2016 Results
Artis Real Estate Investment Trust announced that its trustees have declared its regular monthly cash distribution of $0.09 per trust unit of Artis for the month of August, 2016. The cash distributions will be made on September 15, 2016 to Unitholders of record on August 31, 2016.. As at the date hereof, there are an aggregate of 149,108,120 Units issued and outstanding. Artis is a diversified Canadian real estate investment trust investing in office,..."/>
Artis Real Estate Investment Trust Announces Monthly Cash Distribution
First National Financial Corporation today announced its monthly dividend payment of $0.141667 per common share for the period August 1 to August 31, 2016. The dividend will be payable on September 15, 2016 to shareholders of record at the close of business on August 31, 2016.. About First National Financial Corporation First National Financial Corporation is the parent company of First National Financial LP, a Canadian-based originator,..."/>
First National Financial Corporation Announces August Dividend Payment
Trez Capital Mortgage Investment Corporation announced today that its board of directors has approved the commencement of the substantial issuer bid previously announced by the Company on July 21, 2016 with revised terms. Pursuant to the Offer, the Company will offer to purchase for cancellation up to $17,000,000 of its Class A shares from shareholders for cash. The Offer will be made by way of "Dutch auction" and the Offer prices will range from $8.50 to..."/>
Trez Capital Mortgage Investment Corporation Announces Commencement of Issuer Bid and Revised Bid Terms
Transcontinental Realty Investors, Inc., a Dallas-based real estate investment company, reported results of operations for the second quarter ended June 30, 2016. TCI announced today that the Company reported net income applicable to common shares of approximately $4.4 million, or $0.51 per diluted earnings per share, for the three months ended June 30, 2016, as compared to a net loss applicable to common shares of $86 thousand, or $0.01 per diluted earnings per share..."/>
Transcontinental Realty Investors, Inc. Reports Second Quarter 2016 Results
Canadian Apartment Properties Real Estate Investment Trust announced today its August 2016 monthly distribution in the amount of $0.10417 per Unit. The August distribution will be payable on September 15, 2016 to Unitholders of record on August 31, 2016.. To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their..."/>
CAPREIT Announces August 2016 Distribution
American Realty Investors, Inc., a Dallas-based real estate investment company, reported results of operations for the second quarter ended June 30, 2016. For the three months ended June 30, 2016, the Company reported net income applicable to common shares of $2.4 million or $0.16 earnings per diluted share, as compared to net income applicable to common shares of $0.9 million or $0.05 earnings per diluted share for the same period in 2015.. “The Company’ s strategic..."/>
American Realty Investors, Inc. Reports Second Quarter 2016 Results
Firm Capital Property Trust announces the grant of options to acquire units in the capital of the Trust to the trustees and officers of the Trust on August 15, 2016. Each of the options will expire five years from the date of grant. Trustees and officers of the Trust were issued options to purchase that number of Units as set forth opposite their name as follows:. ABOUT FIRM CAPITAL PROPERTY TRUST Firm Capital Property Trust is focused on creating long-term..."/>
Firm Capital Property Trust Announces Grant of Options
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

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