Industry News

Tritax Big Box REIT plc has acquired a distribution facility at Trafford Park, Manchester, let to Kellogg company of Great Britain Ltd. whose ultimate parent is the US-based cereal maker Kellogg Co, Tritax said. Tritax paid GBP 23.5 m, reflecting a net initial yield of 5.9% on the asset acquisition. The purchase is being funded from equity proceeds, with senior debt finance expected to be introduced in the near term."/>
Tritax Big Box Acquires Kellogg Distribution Facility in UK
BAE Systems and Pfizer for AstraZeneca then two of Britain's leading-edge R&D, manufacturing and exporting companies would have been gobbled up by overseas marauders. Investment bankers have been..."/>
Daily Mail, London, Alex Brummer column [Daily Mail, London]
iStar announced today the opening of the sales office for Monroe, the next property to launch as part of the company's 10- year, multi-billion dollar redevelopment, hailed as one of the most significant and ambitious plans on the Eastern Seaboard. Experience the interactive..."/>
Monroe Solidifies Asbury Park, N.J., As Global Destination To Play, Stay And Now Live
SL Green Realty Corp., New York City’ s largest office landlord, today announced an agreement with Midtown TDR Ventures whereby the litigation regarding SL Green’ s One Vanderbilt, an iconic new office tower under construction adjacent to Grand Central Terminal, will be withdrawn. The settlement will resolve the legal claims against SL Green and the City of New York that Midtown TDR Ventures asserted to invalidate the Vanderbilt Corridor rezoning amendment and the One..."/>
SL Green Announces Agreement with Midtown TDR Ventures to Resolve One Vanderbilt Litigation
CyrusOne Inc. has priced a public offering of 6,800,000 shares of its common stock, of which 3,400,000 shares were offered directly by CyrusOne, and 3,400,000 shares were offered, at the request of CyrusOne, by the Forward Purchaser or its affiliate in connection with the forward sale agreement described below, at a price to the public of $50.50 per share. The underwriters have been granted an option to purchase up to 1,020,000 additional shares of common stock from the..."/>
CyrusOne Inc. Prices Public Offering of Common Stock
Morgan Stanley branch in The Villages defamed Dale Cebert, of Ocala, after firing him. Peter King, a Tampa-based attorney who represented Cebert and who is familiar with these types of cases, counted the amount of punitive damages among the reasons the case stands out..."/>
Business news: Ocala broker wins $2M plus from Morgan Stanley [Ocala Star-Banner, Fla.]
Westfield will celebrate the Grand Opening of its World Trade Center location on Tuesday, August 16 th 2016, with a majority of retail stores opening for the first time at 12 noon that day. "The World Trade Center is a symbol of hope, opportunity, progress, and perseverance," said William Hecht, Westfield's..."/>
Westfield World Trade Center To Officially Open August 16th
Gladstone Land Corporation today announced that it plans to sell shares of a newly-designated Series A Cumulative Term Preferred Stock in an underwritten public offering. The public offering price and other terms are to be determined by negotiations between the Company and the underwriters. The Company also plans to grant the underwriters a 30- day option to purchase additional shares of Series A Preferred Stock on the same terms and conditions to..."/>
Gladstone Land Corporation Announces Preferred Stock Offering
Redwood Trust, Inc. has authorized the declaration of a third quarter regular dividend of USD0.28 per share, the company said. The third quarter 2016 dividend is payable on September 30, 2016 to stockholders of record on September 15, 2016.. Redwood Trust, Inc., together with its subsidiaries, is a specialty finance company?"/>
Redwood Trust declares dividend for Q3 2016
Lending Club appoints Fannie Mae CEO to board
Merchants Bank donates to Chittenden Emergency Food Shelf
Main Street Capital Corporation has received a license from the US Small Business Administration to operate a third small business investment company, the company said. The third SBIC license provides Main Street with up to USD125 million of additional long-term, fixed interest rate debt capital through the issuance of SBA-guaranteed debentures. The maximum amount of SBA-guaranteed debentures that affiliated SBIC funds can have outstanding was increased from USD225..."/>
Main Street receives 3rd SBIC license
Main Street Capital Corporation has reported net investment income of USD27.6 million in the second quarter 2016, representing a 2.0 percent increase from the second quarter of 2015, the company said. The company reported distributable net investment income of USD29.9 million in the second quarter 2016, representing a 4.0 percent increase from the second quarter of 2015.. The company declared regular monthly dividends totaling USD0.54 per share for the third quarter of..."/>
Main Street reports USD27.6m in net investment income in Q2 2016
OnDeck reports 47% YOY increase in loans under management
Redwood Trust, Inc. has reported net income for the second quarter of 2016 of USD41 million, compared to net income of USD12 million for the first quarter of 2016 and net income of USD27 million for the second quarter of 2015, the company said. The company also reported non-GAAP core earnings for the second quarter of 2016 of USD40 million, compared to core earnings of USD37 million, for the first quarter of 2016.. Redwood reported estimated REIT taxable income of USD28 million for..."/>
Redwood Trust reports Q2 2016 net income of USD41m
National Bank Holdings Corporation has authorized a new program to repurchase up to USD50 million of the company's common, the company said. As of the close of business on August 8, 2016, the company's previously authorized USD50 million stock repurchase program announced in January 2016 is completed and USD26.0 million of authorization remains under the newly announced program. As of the close of business on August 8, 2016, the company had outstanding..."/>
National Bank Holdings commences new USD50m stock repurchase program
Ashford Hospitality Trust, Inc. has completed the redemption of all of its issued and outstanding shares of 9.00 percent Series E cumulative preferred stock, the company said. The aggregate redemption price was USD25.23125 per share, including a redemption price of USD25.00 per share as well as accrued and unpaid dividends of USD0.23125 per share. The total redemption cost was approximately USD117 million, which was funded from the company's recently-completed public..."/>
Ashford Trust completes redemption of Series E preferred stock
DCB Financial Corp has reported net income of USD331, 000 for the three months ended June 30, 2016, compared to net income of USD144, 000 for the same period in 2015, the company said. Net income was USD447, 000 for the six months ended June 30, 2016, compared to net income of USD383, 000 for the same period in 2015.. Total assets were USD556.1 million at June 30, 2016, compared with USD553.2 million at March 31, 2016 and USD541.3 million at December 31, 2015.."/>
DCB Financial reports USD331,000 in Q2 2016 net income
Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund have declared monthly dividends, the companies said. Federated Premier Municipal Income Fund dividend of USD0.07 is payable on September 1, 2016 to shareholders of record as of August 23, 2016.. Federated Premier Intermediate Municipal Income Fund dividend of USD0.054 is payable on September 1, 2016 to shareholders of record as of August 23, 2016.."/>
Federated Investors' closed-end municipal funds declare monthly dividends

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