Industry News

Hospitality Properties Trust today announced the early redemption of its outstanding 5.625% Senior Notes due 2017 at a redemption price equal to the principal amount of $300.0 million, plus accrued and unpaid interest to, but excluding the date of redemption. This redemption is expected to occur on or about September 26, 2016. HPT currently expects to fund this redemption by using cash on hand and borrowings under its revolving credit facility."/>
Hospitality Properties Trust Announces Early Redemption of its $300 Million of Outstanding 5.625% Senior Notes
Mogo Finance Technology Inc., today announced it will be presenting at the 18 th Annual Rodman& Renshaw Global Investment Conference, sponsored by H.C. The conference is being held on September 11-13, 2016, at Lotte New York Palace Hotel in New York City. Greg Feller, President and CFO of Mogo, will provide an overview of the Company's business during the live presentation and will be available to participate in one-on-one meetings with..."/>
Mogo Finance Technology Inc. to Present at the 18th Annual Rodman & Renshaw Global Investment Conference
Mogo Finance Technology Inc., today announced it will be presenting at the 18 th Annual Rodman& Renshaw Global Investment Conference, sponsored by H.C. The conference is being held on September 11-13, 2016, at Lotte New York Palace Hotel in New York City. Greg Feller, President and CFO of Mogo, will provide an overview of the Company's business during the live presentation and will be available to participate in one-on-one meetings with investors who are..."/>
Mogo Finance Technology Inc. to Present at the 18th Annual Rodman & Renshaw Global Investment Conference
TFS Financial Corporation, the holding company for Third Federal Savings and Loan Association of Cleveland, today announced that the Board of Directors declared a quarterly cash dividend of $0.125 per share, payable on September 19, 2016 to stockholders of record on September 6, 2016.. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160825005951/en/."/>
TFS Financial Corporation Declares Dividend
First Keystone Corporation, parent company of First Keystone Community Bank, declared a $0.27 per share quarterly cash dividend to shareholders of record as of September 15, 2016, payable September 30, 2016.. Total cash dividends per share for the nine months ending September 30, 2016 will be $0.81, the same amount paid in the first nine months of 2016.. First Keystone Community Bank provides innovative business and personal banking products that focus on“..."/>
First Keystone Corporation Announces Third Quarter Dividend
Nationstar Mortgage LLC adding hundreds of new jobs in the region. The Coppell, Texas-based company previously reported that it employs approximately 7,000 people across the entire country. But that number is set to increase during the coming months thanks to the opening of a new customer contact center in East Texas."/>
Nationstar Adding Hundreds of East Texas Jobs [Mortgage Daily]
Ormat Technologies Inc. is about to raise $250 million debt from financial institutions. "Globes' reported the planned move a month ago, and now the company, headed by Isaac Angel and controlled by FIMI Opportunity Funds, has received an A+ with a stable outlook from S&P Maalot in advance of the offering. The stated purpose of the offering is recycling of existing debt and other investments."/>
S&P Maalot rates Ormat debt offering A+ [Globes, Tel Aviv, Israel]
Azrieli Group Ltd. today reported its second quarter results, with an overall profit of NIS 244 million, compared with NIS 243 million in the second quarter of last year. Excluding one-time expenses for purchase tax on land in Holon, the company's second quarter net profit was NIS 258 million, compared with NIS 246 million in the corresponding quarter last year. Excluding revaluing of real estate in the second quarter, Azrieli's second quarter profit totaled NIS 219..."/>
Azrieli reports rise in profit [Globes, Tel Aviv, Israel]
IIROC Trading Halt - APR.UN; CJT
Automotive Properties Real Estate Investment Trust announced today that it has entered into an agreement to sell 3,340,000 units of the REIT on a bought deal basis at a price $10.50 per Unit to a syndicate of underwriters co-led by TD Securities Inc. and Canaccord Genuity Corp. for gross proceeds of approximately $35 million. In addition, the REIT has granted the syndicate of underwriters an..."/>
Automotive Properties REIT Announces $35 Million Equity Offering
Resource America, Inc. have approved the pending merger of Resource America with a subsidiary of US-based commercial real estate services company C-III Capital Partners LLC at a special meeting, the company said on Thursday. The merger is expected to close on 8 September 2016.. Under the terms of the agreement, Resource America stockholders will receive USD 9.78 per share in cash, or a..."/>
Resource America Wins Shareholder Nod for C-III Capital Buyout
Everest Re Group, Ltd. has finalised the sale of its US crop managing general agent, Heartland Crop Insurance, Inc., to US-based crop insurance company CGB Diversified Services, Inc., for USD 49 m, the company said. In conjunction with the sale, Everest has entered into a strategic long term reinsurance relationship with CGB DS, to provide quota share reinsurance capacity on the combined crop insurance portfolio of the..."/>
Everest Re Group Closes USD 49m Sale of US Crop Business to CGB Diversified
Old Republic International Corporation today announced the following decisions taken by the Board of Directors at its regularly scheduled third quarter meeting. The Board approved the election of Messrs. Dew, Dixon, and Van Mieghem as Class 2 directors for a three-year term."/>
Old Republic Reports Board Of Directors Actions On Corporate Governance And Quarterly Dividend
GWG Holdings, Inc., a specialty finance company in the life insurance secondary market, is commemorating Life Insurance Awareness Month this September. The Company will participate in a series of events and activities to promote awareness about the life insurance secondary market to consumers as well as their insurance and financial advisors.. The life insurance secondary market continues to grow and public awareness is also on the rise."/>
GWG Marks Life Insurance Awareness Month
PNC Financial Services Group, Inc. announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking at 10:30 a.m. Wednesday, Sept. 14 at the Barclays Global Financial Services Conference in New York City. The following will be accessible on PNC's Investor Relations website: a link to the live webcast; presentation slides included as part of the webcast;..."/>
PNC Executive To Speak At Barclays Global Financial Services Conference
Capitala Finance Corp. announced today four investment exits totaling $57.2 million. On August 2, 2016, the Company exited its $18.4 million subordinated debt investment in Merlin International, Inc. at par. On August 5, 2016, the Company exited its investment in MTI Holdings, Inc. The Company received $8.0 million for its subordinated debt investment, which was repaid at par."/>
Capitala Finance Corp. Reports Investment Exits, Reduction in Energy Exposure
Prudential Financial, Inc., found that this culturally and geographically diverse segment is united by a shared focus on the financial progress, stability and security of their extended families. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160825005156/en/."/>
Prudential Financial: Asian Americans stress financial security of extended family, retirement savings
Northwest Bancshares, Inc., the parent company of Northwest Bank, has been recognized by Forbes as one of America's 50 Most Trustworthy Financial Companies. In determining this year's award winners, Forbes commissioned MSCI ESG Research, an independent research company that reviewed the accounting and governance behaviors of nearly 700 publicly-traded financial companies and scored them based on factors like high-risk events, revenue..."/>
Northwest Honored by Forbes as one of America's 50 Most Trustworthy Financial Companies

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