Industry News

Elbit Imaging Ltd. announced today that a right to invest $2 Million that was given to INSIGHTEC's CEO and Chairman, Dr. Maurice R. Ferré, has been assigned by him and the assignees notified INSIGHTEC about the execution of the entire investment right.. The Company holds approximately 89.9% of the share capital of Elbit Medical Technologies Ltd. which, in turn, upon the aforementioned investment right execution, holds approximately 31.4% of the share..."/>
Elbit Imaging Ltd. Announces INSIGHTEC's $2 Million Investment Right Execution
Virtu Financial announced today it is making a strategic minority investment in SBI Japannext, Co., Ltd., a leading Proprietary Trading System based in Tokyo. The investment is part of Virtu’ s strategic long-term commitment to the Japanese marketplace. Japannext operates a round-the-clock venue with 29 active members and is the oldest thriving PTS venue in Japan.."/>
Virtu Financial Enters into a Strategic Minority Investment with SBI Japannext
TMX Group Limited will announce its financial results for the second quarter ended June 30, 2016 in the evening of Wednesday, August 3, 2016. An analyst conference call to review the results will be held on Thursday, August 4, 2016 at 8:00 a.m. ET. Phone numbers for the live call are 647-427-7450 or 1-888-231-8191. An audio replay of the conference call will be available at 416-849-0833 or 1-855-859-2056, pass code 37936411.. TMX Group's key..."/>
TMX Group Limited announces release date for Q2 2016 financial results and analyst conference call
True North Commercial Real Estate Investment Trust is pleased to announce it has agreed to acquire an office property located at 6865 Century Avenue, Mississauga, Ontario. The acquisition of the Century Property is expected to be accretive to Funds from Operations and Adjusted Funds from Operations per trust unit of the REIT."/>
True North Commercial Real Estate Investment Trust Continues Expansion in the Greater Toronto Area Acquiring an Additional 100,000 square feet and a Concurrent $9.25 million Private Placement
Assurant, Inc., a global provider of risk management solutions, will release its 2016 second quarter results on Tuesday, July 26, 2016 after the market closes, with the news release available on Assurant's website at www.assurant.com. In conjunction with the earnings release, Assurant will host a conference call the following morning, Wednesday, July 27, 2016 at 8 a.m."/>
Assurant to Announce 2016 Second Quarter Financial Results
Gladstone Land Corporation announced today that it has acquired approximately 401 acres of farmland in St. Lucie County, Florida, for $5.1 million. Upon acquisition, the Company entered into a lease agreement with a leading grower and marketer of fresh vegetables for a 7- year lease that provides for annual rent escalations and two, 7- year extension options.."/>
Gladstone Land Acquires Farm in Florida
Ares Capital Corporation announced today that it will report earnings for the second quarter ended June 30, 2016 on Wednesday, August 3, 2016 prior to the opening of the Nasdaq Global Select Market. Ares Capital Corporation invites all interested persons to attend its webcast/conference call at 12:00 p.m. on the same day to discuss its second quarter 2016 financial results. All interested parties are invited to participate via telephone or the live webcast, which will..."/>
Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2016
Winthrop Realty Trust announced today that its 550,000 square foot warehouse property located in Jacksonville, Florida was sold for a gross sales price of $10,500,000. In connection with the sale, Winthrop provided the buyer with $8,400,000 of seller financing which bears interest at rate of LIBOR plus 5%, with a minimum interest rate of 6% and maximum interest rate of 8%. The loan requires monthly payments of interest only and matures on July 1, 2019."/>
Winthrop Realty Trust Announces Sale of Its Jacksonville, Florida Property
Hercules Capital, Inc.. Aprecia manufactures its products using its proprietary ZipDose ® technology platform, that utilizes three dimensional printing to formulate fast..."/>
Aprecia Pharmaceuticals Secures up to $30 Million from Hercules Capital
HCI Group, Inc. recently disclosed in reports filed with the Securities and Exchange Commission that its wholly owned subsidiary, Homeowners Choice Property& Casualty Insurance Company, Inc., which is a Florida based provider of homeowners insurance, has completed its reinsurance program for the 2016-17 reinsurance year, which runs from June 1, 2016 through May 31, 2017.. Homeowners Choice purchases insurance called reinsurance from other insurance..."/>
HCI Group Insurance Subsidiary, Homeowners Choice, Expects Reduced Reinsurance Costs
Shore Bancshares, Inc. has completed the merger of its two banking subsidiaries and the unified branding of the combined entity under the Shore United Bank name, the company said. The company said merging the two subsidiary banks will facilitate expanded services and products throughout the Delmarva Region. Shore Bancshares, Inc. is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's..."/>
Shore Bancshares consolidates banking subsidiaries and unified branding
CytoSorbents Corporation has closed upon a USD10 million senior debt facility with the Life Sciences Group of Bridge Bank, a division of Western Alliance Bank, the company said. CytoSorbents Corporation and its US operating subsidiary, CytoSorbents Medical, Inc. entered into a loan and security agreement with Bridge Bank, securing an initial USD5.0 million four-year term loan. Interest-only monthly payments are due for the first year and then monthly principal and interest..."/>
CytoSorbents closes USD10m debt financing with Bridge Bank
Franklin Financial Network, Inc. has completed a private placement of USD20 million in aggregate principal amount of fixed-to-floating rate subordinated notes to certain institutional investors, the company said. The notes are non-callable for five years, have a stated maturity of July 1, 2026, and bear interest at a fixed rate of 7.00 percent per year, from and including June 30, 2016, to, but excluding, July 1, 2021. The interest rate will reset quarterly to a level equal to the..."/>
Franklin Financial raises USD20m in new capital
WesBanco Bank has offered a weather and flood damage loan program for residents and small business owners in an effort to assist West Virginia residents who have been affected or who may be affected by damage resulting from recent severe weather, the company said. Qualified residents and business owners can borrow up to USD5, 000 at a 5 percent APR fixed-rate loan that can be repaid over a maximum five-year period. Approval of the loans will be subject to the bank's standard..."/>
WesBanco offers weather, flood damage loan program
LendingTree has found that mortgage rates offered by lenders on LendingTree's network have fallen 14 basis points since the United Kingdom voted to leave the European Union, the company said. In response, LendingTree said it has seen a substantial increase in refinance requests as the market reaction to Britain's exit from the EU continues to drive down mortgage rates. Since January of this year, average offered interest rates have fallen from 4.28 percent to an..."/>
LendingTree reports Brexit sends mortgage rates into freefall
United Security Bancshares has declared a second quarter 2016 stock dividend of one percent, the company said. The stock dividend will be paid to shareholders of record on July 8, 2016 and the dividend shares will be issued on July 18, 2016.. United Security Bancshares, is a California registered financial holding company for United Security Bank under the Bank Holding Company Act of 1956.."/>
United Security Bancshares declares Q2 2016 stock dividend
CommerceWest Bank has joined Hoag Hospital's campaign to promise to lead, innovate and transform health care by participating in the 29th annual Hoag summer classic fundraiser, the company said. The campaign helps push past limits imposed by health care reform and diminished reimbursements. Hoag Hospital is using philanthropy to accelerate innovation across their organization."/>
CommerceWest Bank joins Hoag Hospital's campaign to lead, innovate, transform health care

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