Industry News

Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund on Friday released monthly dividends of USD0.0700 and USD0.0540 per share, respectively, unchanged from the previous monthly dividends. All shareholders of record date on 23 September 2016 will be paid the dividend on 3 October 2016 and the ex-dividend date is 21 September 2016.. Both funds seek to provide current dividend income that is exempt from regular federal income tax."/>
Two Federated Investors' closed-end municipal funds announce dividends for September 2016
Kotak Mahindra Bank chief's hour-long chat with HT was peppered with historical incidents. He spoke about the group's 31- year track record: on how the firm studiously didn't make trades that were too good to be true, on the importance of being prepared for the worst-case scenario on oil prices, and how Indian firms would soon see more institutional ownership as bad loans are tackled."/>
'You see the same companies defaulting on loans in 1990s and 2000s. We have not learned' [Hindustan Times, New Delhi]
CYS Investments, Inc. has declared a quarterly dividend of USD0.25 per share of common stock for the third quarter of 2016, the company said. The common stock dividend will be paid on October 12, 2016 to stockholders of record of common stock on September 22, 2016.. CYS Investments, Inc. is a specialty finance company that invests on a leveraged basis primarily in residential mortgage pass-through certificates for which the principal and interest..."/>
CYS Investments declares Q3 2016 common stock dividend
WesBanco, Inc. and Your Community Bankshares, Inc. have consummated WesBanco's acquisition of Your Community and the appointment of two former Your Community directors to the WesBanco board of directors, the company said. Todd F. Clossin, president and chief executive officer, of WesBanco and James D. Rickard, president and chief executive officer of Your Community, made the joint announcement. The merger, which was previously announced on May 3, 2016, was approved by all..."/>
WesBanco, Your Community Bankshares consummate merger
SpareBank 1 SMN and joins the management team with effect from 1 October 2016. He is to head the bank's communications and society arm.. Mr Brøske comes from the position of executive vice president communication at Det norske oljeselskap."/>
SpareBank 1 SMN: New executive director
ZAIS Financial Corp. today announced that its Board of Directors declared a cash dividend of $0.40 per share of the Company's common stock and operating partnership unit for the third quarter ending September 30, 2016. The dividend is payable on October 17, 2016, to stockholders and OP unit holders of record as of the close of business on September 30, 2016.. The Company's current policy is to pay dividends which will allow it to satisfy the..."/>
ZAIS Financial Corp. Declares Third Quarter Dividend
Equitable Group Inc., today announced that it has entered into an agreement with Canada Mortgage and Housing Corporation to become the successor issuer on $3.1 billion of outstanding National Housing Act Mortgage Backed Security pools originally issued by Maple Bank GmbH's Toronto Branch. As the successor issuer, Equitable will assume Maple Bank's payment and other responsibilities related to the MBS pools going..."/>
Equitable Bank assumes issuer rights for $3.1 billion of NHA MBS, expects EPS accretion for 2016 through 2020
Ellington Financial LLC has reported its estimated book value per common share as of August 31, 2016 was USD20.01, or USD19.73 on a diluted basis, the company said. Estimated book value per share on a diluted basis takes into account securities convertible into the company's common shares. These amounts give effect to the previously announced dividend in the amount of USD0.50 per common share and convertible security, payable on September 15, 2016 to holders of record on..."/>
Ellington Financial LLC reports August 2016 estimated book value
Ameris Bancorp has approved a quarterly cash dividend of USD0.10 per common share, a 50 percent increase over the USD0.05 dividend paid in recent quarter, the company said. The dividend is payable October 11, 2016 to shareholders of record as of the close of business on September 30, 2016.. Ameris Bancorp is a bank holding company headquartered in Moultrie, Georgia."/>
Ameris Bancorp increases Q3 2016 dividend
Toronto-Dominion Bank has reported plans to issue a US offering of USD1.5 billion of 3.625 percent non-viability contingent capital subordinated notes, which will constitute subordinated indebtedness of the bank, the company said. The notes are registered with the US Securities and Exchange Commission, and will qualify as Tier 2 capital of the bank. The notes are expected to be issued on September 15, 2016 and will bear interest at a fixed rate of 3.625 percent per annum."/>
TD Bank Group to issue subordinated notes
Aon plc, has released the September 2016 edition of its Reinsurance Market Outlook report, which provides a comprehensive analysis of the key variables affecting reinsurance buyers in the approach to the January 1 reinsurance renewals. The report reveals that reinsurance demand has increased over the past 18 months, with the cession ratio across the global..."/>
Reinsurance demand increasing as growth opportunities emerge, according to Aon outlook report
Northern Trust announced today that it has appointed James Wright as head of its Institutional Investor Group in the UK, Ireland and Guernsey. In this newly created position, Wright is responsible for driving the strategic direction and growth of Northern Trust’ s business to meet the needs of sophisticated institutional investors and..."/>
Northern Trust Hires Head of Institutional Investor Group for the UK, Ireland and Guernsey
Statoil ASA regarding the dividend issue for the first quarter 2016.. The subscription price shall, in accordance with the resolution made by the board of directors on 26 July 2016, be equal to the volume-weighted average share price over the last two trading days on Oslo Børs of the subscription period for the Dividend Issue, with a deduction of a discount of 5%.. The volume-weighted average share price for the..."/>
Statoil ASA: Subscription price set for the Dividend Issue for the first quarter 2016 under the Scrip Dividend Programme
PHARMAGEST INTERACTIVE: Net profit up 12.5% in first-half 2016
L&T Tech Services IPO: third time lucky? [Mint, New Delhi]

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