Industry News

Yes Bank has completely exited its exposure to United Breweries, by selling shares worth Rs.152 crore pledged with it by liquor baron, Vijay Mallya. The bank sold around 18.54 lakh shares for Rs.819.50 per share to Dutch co-promoter Heineken International in a block trade on Friday. Share of United Breweries rallied as much as 8.69% touching a high of Rs.892.50 during early trade and closed at Rs.828 per share."/>
Yes Bank sells shares in Vijay Mallya's United Breweries, Kingfisher Airlines [Mint, New Delhi]
Investors flee sausage firm as shares fall [Daily Mail, London]
Informa is snapping up an American rival in a further show of strength for UK deal-making. Informa, which owns Datamonitor, will buy New York information service Penton to expand its US operations in a deal worth pounds sterling 1.2 bn."/>
Daily Mail, London, business briefs column [Daily Mail, London]
Contract Associates moving Downtown [Albuquerque Journal, N.M.]
Apple Store pleased with hers, a basic iPhone 7 model. But Bryan came away empty handed and disappointed that the store didn't have a single larger iPhone 7 Plus for sale."/>
IPhone fans converge on Santa Rosa Plaza for latest release [The Press Democrat, Santa Rosa, Calif.]
Bank of America Plaza at Las Olas City Centre, a signature office building in downtown Fort Lauderdale, has sold for $220 million, according to Broward County property records. An entity tied to institutional investor RREEF America LLC of Chicago bought the 408,079- square foot property at 401 E. Las Olas Blvd., records show. Investors advised by JP Morgan paid $163.7 million in 2011.."/>
Premier Fort Lauderdale office building sells for $220 million [Sun Sentinel]
Fairfax India Holdings Corporation is pleased to announce that it has completed a $225 million, 2- year secured credit facility with a syndicate of Canadian banks."/>
Fairfax India Completes $225 Million Credit Facility
Five Oaks Investment Corp. today announced that its board of directors has declared monthly cash dividend rates for the fourth quarter of 2016 of $0.06 per share of common stock for the months of October, November and December. Fourth Quarter 2016 Common Stock Dividends. In accordance with the terms of the 8.75% Cumulative Redeemable Preferred Stock of the Company, the board of directors has also declared monthly cash dividend rates for the..."/>
Five Oaks Investment Corp. Announces Fourth Quarter 2016 Common Stock Dividend Rate of $0.06 Per Share for October, November and December 2016 and Preferred Stock Dividend
Canaccord Genuity Group Inc. announced today that after having taken into account all election notices received by the September 15, 2016 conversion deadline in respect of the Cumulative 5- Year Rate Reset First Preferred Shares, Series A tendered for conversion into Cumulative Floating Rate First Preferred Shares, Series B, the holders of the Series A Preferred Shares are not entitled to convert their shares. There were 761,594 Series A Preferred..."/>
Canaccord Genuity Group Inc. Announces Conversion Results for its Cumulative 5-Year Rate Reset First Preferred Shares, Series A
Xenith Bankshares, Inc., parent company of Xenith Bank, announced today that Gateway Bank Mortgage, Inc. and its parent company, Xenith Bank, have entered into a definitive asset purchase agreement to sell certain assets of GBMI, which provides mortgage banking services, including the origination and processing of residential mortgage loans for sale into the secondary market, to a multi-state home lender.. Under the terms of the asset purchase agreement,..."/>
Xenith Bankshares, Inc. Announces Plans to Cease Operations of its Mortgage Banking Subsidiary, Gateway Bank Mortgage, Inc.
Intact Financial Corporation announced today that 1,594,996 of its 10,000,000 Non-cumulative Rate Reset Class A Shares Series 3 were tendered, for conversion on September 30, 2016, on a one-for-one basis, into Non-cumulative Floating Rate Class A Shares Series 4 of IFC after having taken into account all elections received before the September 15, 2016, 5:00 p.m. conversion deadline. As a result of the conversion, on September 30, 2016, IFC will..."/>
Intact Financial Corporation Announces Results of Conversion of its Series 3 Preferred Shares
LendingTree ®, a leading online loan marketplace, released today its quarterly list of the top customer-rated network lenders for the second quarter of 2016. Winners were based on a five-star quality review system for overall customer experience as determined by actual LendingTree account holders. The list features the top lenders in LendingTree's core loan marketplace categories: Home Lending, Personal Loans, Auto Loans, and..."/>
LendingTree Announces Top Lenders for Q2 2016
GABELLI UTILITY TRUST CONTINUES MONTHLY DISTRIBUTIONS, DECLARING DISTRIBUTIONS OF $0.05 PER SHARE."/>
CORRECTING and REPLACING Gabelli Utility Trust Continues Monthly Distributions, Declaring Distributions of $0.05 Per Share

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