Industry News

JRP Group to set a change of direction in motion after two months of share price falls. The annuity provider had been the worst faller on the market since the EU referendum; its share price had fallen more than 40 pc from June 23 to when the FTSE opened yesterday. But a confident update helped to allay investors' fears."/>
Daily Mail, London, market report column [Daily Mail, London]
Gabelli Go Anywhere Trust announces extension of IPO
Apollo Global Management LLC have decided to further extend the offering of Apollo's cash tender offer for all of Diamond Resorts International Inc's outstanding shares of common stock, Apollo reported on Wednesday. This extension of the tender offer will be for a period of four business days and the new expiry date will be 17:00 New York City time on 30 August 2016, unless further extended. Continental Stock Transfer& Trust..."/>
Affiliates of funds managed by affiliates of Apollo Global Management extend tender offer for Diamond Resorts shares
Daily Mail, London, Alex Brummer column [Daily Mail, London]
Daily Mail, London, City Focus column [Daily Mail, London]
Medical Properties Trust Inc reported on Tuesday that Michael G Stewart and C Reynolds Thompson III have been elected to its board of directors. Stewart is a private investor and an attorney with broad healthcare experience, while Thompson is chairman and chief investment officer of Select Strategies Realty of Cincinnati, a private real estate company specialising in retail and mixed-use properties. Also, he is a member of the board of visitors of the Culverhouse College of..."/>
Medical Properties Trust names two new board members
Kimco Realty Corp has established a redemption price of USD1, 033.90 for each USD1, 000 principal amount of its 5.70% senior notes due 2017, plus accrued and unpaid interest to the redemption date of 26 August 2016, it reported on Wednesday. This price was calculated under the terms of the indenture governing the senior notes. The company provided a notice of redemption and related materials to all senior notes holders of record on 26 July 2016 and a supplemental notice of..."/>
Kimco Realty declares redemption price of USD1,033.90 for senior notes due 2017
TCP Capital Corp. today announced the appointment of M. Freddie Reiss as an independent director. Reiss will expand TCPC's Board of Directors to seven members. Reiss will serve on the Audit Committee, Governance and Compensation Committee, and Joint Transactions Committee."/>
M. Freddie Reiss Named Independent Director At TCP Capital Corp.
Safeguard Scientifics, Inc.. For more than 60 years, Safeguard has been providing capital and operational support to entrepreneurs across an evolving spectrum of industries, according to the company's website. The video interview was recorded on Tuesday, August 9, 2016 via Skype from SNN's office in Los Angeles,..."/> Publishes New Video Interview with Safeguard Scientifics (NYSE: SFE)
TMX Group today announced that it is funding an independent working group, the Advancing Innovation Roundtable, which will examine ways to increase access to growth capital for companies in Canada's innovation economy. Launching in September 2016, the Roundtable will focus on the scalability issues of Canadian technology and innovation firms caused by insufficient..."/>
Unlocking Growth Opportunities for Canada's Innovation Economy
T. Rowe Price Group, Inc. announced today that its Board of Directors has declared a quarterly dividend of $0.54 per share payable September 29, 2016 to stockholders of record as of the close of business on September 15, 2016.. Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. is a global investment management organization with $776.6 billion in assets under management as of June 30, 2016. The organization provides a broad array of..."/>
T. Rowe Price Group Declares Quarterly Dividend
First Defiance Financial Corp and Commercial Bancshares Inc jointly revealed on Wednesday the signing of a definitive merger agreement in a transaction valued at USD51.00 per share, whereby First Defiance will acquire Commercial, which will close in the first quarter of 2017 and is subject to Commercial's shareholder and regulatory approval and other conditions in the merger agreement. The transaction value is based on the 20- day average closing price of First..."/>
First Defiance Financial signs merger agreement with Commercial Bancshares worth USD51.00 per share
Macy's new outlet store-- a first for the region. Shoes, bags, apparel and home decor will start lining shelves later this week in preparation for the opening of Macy's Backstage, The Outlet Store, on Labor Day weekend. Backstage-- the name takes a cue from the chain's flagship store at Herald Square and Broadway in New York-- will be housed on the first..."/>
Macy's Backstage opening soon at Monroeville Mall [Pittsburgh Post-Gazette]
Nordax Group AB announced on Tuesday the decision by its board of directors to exercise the mandate for acquisitions of own shares that it received from the Annual General Meeting on 11 May 2016.. Reportedly, the purpose of the acquisition of own shares is to enable the company to satisfy obligations as a result of allocations of shares to employees within the scope of the group's long-term management incentive plans. These acquisitions are to be to a maximum of 455,000 own..."/>
Nordax’s board decides on own share acquisition
Union Bankshares Corporation today announced that G. William Beale, 66, will step down as Chief Executive Officer on January 2, 2017, and will be succeeded by John C. Asbury, 51, who will become President of Union Bankshares Corporation and President and CEO of Union Bank& Trust effective October 1, 2016. Beale will continue to work in an executive capacity as Executive Vice Chairman of the Board for Union Bankshares Corporation..."/>
Union Bankshares Corporation Names John C. Asbury President; To Succeed G. William Beale as CEO in 2017
Nordax Group AB announced on Tuesday the decision by its board of directors to exercise the mandate for acquisitions of own shares that it received from the Annual General Meeting on 11 May 2016.. Reportedly, the purpose of the acquisition of own shares is to enable the company to satisfy obligations as a result of allocations of shares to employees within the scope of the group's long-term management incentive plans. These acquisitions are to be to a maximum of 455,000 own..."/>
Nordax’s board decides on own share acquisition
Hilltop Holdings Inc. today announced the appointment of William B. Furr as chief financial officer effective September 1, 2016. In his new role, Furr will oversee all accounting and finance functions for Hilltop at the holding company level, including accounting, tax, external reporting, treasury, financial planning and analysis, capital planning, stress testing, and Sarbanes-Oxley compliance. As CFO, he will be actively involved with the Hilltop Holdings..."/>
Hilltop Holdings Names William B. Furr Chief Financial Officer
Bancorp, Inc., a financial holding company, announced today that it has sold $65 million of mostly commercial real estate loans from its discontinued loan portfolio. The sale reduced The Bancorp’ s discontinued commercial loan portfolio, net of marks, from $400 million at June 30, 2016 to approximately $335 million, a decrease of 16%, at August 22, 2016. A gain of approximately $500,000 was recognized upon the sale which closed on August 22, 2016.."/>
The Bancorp, Inc. Announces Sale of $65 Million of Discontinued Commercial Loans
Hospitality Properties Trust today announced that the underwriters of its recent public offering of common shares have exercised in full their option to purchase an additional 1,650,000 common shares of beneficial interest, raising additional net proceeds of approximately $48.6 million. The settlement for such shares is expected to occur on August 26, 2016.. The joint bookrunning managers for this offering were Citigroup, BofA Merrill Lynch and Morgan..."/>
Hospitality Properties Trust Announces Underwriters’ Exercise of Option to Purchase Additional Shares
Royal Bank of Scotland Group PLC, HSBC Holdings PLC, UBS Group AG, and East West Bancorp Inc.."/>
How These Banking Stocks are Faring? -- Royal Bank of Scotland, HSBC Holdings, UBS Group, and East West Bancorp
Old Republic International Corporation declared on Tuesday that its board of directors authorised a quarterly common stock cash dividend of USD0.1875 per share. This dividend will be paid on 15 September 2016 to shareholders of record on 2 September 2016. The company's full year cash dividend equals USD0.75 per share, up from that paid in 2015."/>
Old Republic announces dividend of USD0.1875 per share for quarter
Medical Properties Trust revealed on Tuesday the addition of Michael G. Stewart and C. Reynolds Thompson, III to its board of directors. Prior to the promotion, Stewart served as executive vice president, general counsel and secretary of Medical Properties Trust from 2005 to 2010.. Stewart has also served as vice president and general counsel at Complete Healthcare Services, general counsel and executive vice president at MPT."/>
Medical Properties Trust names Michael G. Stewart and C. Reynolds Thompson, III to board
Hanover Insurance Group Inc approved a quarterly dividend of USD0.46 per share on the issued and outstanding common stock of the company, it disclosed on Tuesday. Shareholders of record at the close of business on 16 September 2016 will receive the dividend payment on 30 September 2016.. A large insurance business, the Hanover Insurance Group is the holding company for several property and casualty insurance companies, which together provides a..."/>
Hanover Insurance announces dividend of USD0.46 per share for quarter

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