Industry News

SmartREIT Declares Distribution for August 2016
Bank of Montreal today announced that 2,174,393 of its 11.6 million Non-Cumulative 5- Year Rate Reset Class B Preferred Shares, Series 25 will be converted on August 25, 2016, on a one-for-one basis, into Non-Cumulative Floating Rate Class B Preferred Shares, Series 26 of the Bank. As a result, on August 25, 2016, the Bank will have 9,425,607 Preferred Shares Series 25 and 2,174,393 Preferred Shares Series 26 issued and outstanding."/>
Bank of Montreal Announces Results of Conversion Privilege of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 25
Selective Insurance Group, Inc.. The outlook for each rating is stable."/>
A.M. Best Affirms Ratings of Selective Insurance Group, Inc. and Its Subsidiaries
E*TRADE Announces Pricing of Preferred Stock
Weyerhaeuser to hold Investor Meeting on Dec. 13
Prudential Financial, Inc. will host a conference for institutional investors and analysts in Tokyo, Japan, on Thursday, September 15, 2016, beginning at 8:30 a.m. local time. Presenters at this conference will be members of management including senior management of Prudential’ s International operations. The general public is invited to access a live webcast and presentation materials beginning on Thursday, September 15 at 8:30 a.m. JST on the Investor..."/>
Prudential Financial to host Tokyo Investor Day for institutional investors and analysts
Commercial National Financial Corporation, parent company of Commercial Bank& Trust of PA, has declared a quarterly dividend of $0.26 per share payable September 2 to shareholders of record as of August 26.. In addition to Latrobe where it is headquartered, the Company operates community banking facilities in Greensburg, Hempfield Township, Ligonier, North Huntingdon, Unity Township and West Newton, Pennsylvania and also maintains a..."/>
Commercial National Declares $.26 Per Share Third Quarter Dividend
TrustCo Declares Cash Dividend
BRT REALTY TRUST today announced that it acquired, through a joint venture in which it has a 74% interest, Pointe at Lenox Park, a 271 unit multi-family property located in Atlanta, GA for $39.1 million, including $27.4 million of mortgage debt obtained in connection with the acquisition. The mortgage debt has an annual interest rate of 3.97%, matures in September 2026, and is interest only until October 2019.. Jeffrey A. Gould, President and Chief Executive..."/>
BRT Realty Trust Acquires Multi-Family Property for $39.1 Million
Franklin Street Properties Corp. today announced that it closed its previously announced underwritten public offering of 7,043,750 shares of its common stock, including 918,750 shares purchased by the underwriters pursuant to the exercise in full of the underwriters’ option to purchase additional shares. The Company received approximately $83.0 million in net proceeds from the offering after deducting the underwriting discount and other..."/>
Franklin Street Properties Announces Closing of its Common Stock Offering and Full Exercise of Option to Purchase Additional Shares
Brixmor Property Group Inc. today announced that it will release its 2016 third quarter earnings on Monday, October 24, 2016 after the market close. Brixmor will host a teleconference on Tuesday, October 25, 2016 at 10:00 AM ET. Event: Brixmor Property Group's Third Quarter Earnings Results."/>
Brixmor Property Group Announces Third Quarter 2016 Earnings Release And Teleconference Dates
WashingtonFirst Bankshares, Inc. today announced that its Board of Directors declared a cash dividend of six cents per share payable on October 3, 2016, to stockholders of record as of September 12, 2016. The dividend payout will be approximately $735,000.00 on 12.3 million shares of voting and non-voting common stock. While the Company expects to continue to declare and pay quarterly cash dividends in the future, any such dividend would be at the discretion of..."/>
WashingtonFirst Bankshares, Inc. Declares 12th Consecutive Quarterly Cash Dividend
Bar Harbor Bankshares, today announced that its Board of Directors has authorized the continuation of the Company’ s existing stock repurchase plan through August 16, 2018. No other changes were made to the plan. In August 2008, the Company’ s Board of Directors approved a twenty-four month program to repurchase up to 450,000 shares of the Company’ s common stock, or approximately 10.2% of the shares then outstanding."/>
Bar Harbor Bankshares Continues Its Stock Repurchase Plan
Invesco Advisers, Inc.:. Invesco Dynamic Credit Opportunities Fund. --$125,000,000 of VRTP shares, due September 2017, with a liquidation preference of $100,000 per share issued in series C-1, C-2, C-3, C-4 and L-1."/>
Fitch Affirms VRTP Shares of Two Invesco Funds at 'AAA'
American Capital Agency Corp. announced today its estimated net book value of $22.24 per common share as of July 31, 2016. The estimated net book value of $22.24 includes deductions for both the Company's July 2016 dividend of $0.20 per common share, which was declared on July 14, 2016 with a July 29, 2016 record date, and the August 2016 dividend of $0.18 per common share, which was declared on July 27, 2016 with an August 31, 2016 record date."/>
American Capital Agency Corp. Announces Estimated Net Book Value as of July 31, 2016
Slate Retail REIT, an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of August 2016 of U.S. $0.06489 per class U unit of the REIT, representing U.S. $0.77868 per Class U Unit on an annualized basis. Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election. If a holder of Class U Units elects to receive..."/>
Slate Retail REIT Announces Distribution for the Month of August 2016
Arch Capital Group Ltd. said in its second-quarter earnings report that Arch M.I. wrote $6.4 billion in new insurance-- more than doubling from a year earlier. But even with the stunning growth, that was no match for United Guaranty Corp., which parent AIG reported wrote $13.0 billion during the same period."/>
Arch M.I. to Buy Far Bigger Rival United Guaranty [Mortgage Daily]
Slate Office REIT, a leading owner of office properties in Canada, announced today that the Board of Trustees has declared a distribution for the month of August 2016 of C $0.0625 per trust unit of the REIT. The distribution will be payable on September 15, 2016 to unitholders of record as of the close of business on August 31, 2016.. Distribution Reinvestment Plan Eligible unitholders that elect to participate in the Distribution Reinvestment Plan will have their cash..."/>
Slate Office REIT Announces Distribution for the Month of August 2016
Allot Communications Ltd. appears to have caught the eye of George Soros's fund Soros Fund Management, which was reported yesterday to have taken a substantial stake in the company. A filing by Soros Fund management with the US Securities and Exchange Commission shows that, earlier this month, it became a party at interest in Allot with a holding of some 2.2..."/>
George Soros fund takes stake in Allot [Globes, Tel Aviv, Israel]

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