Industry News

Voya Financial, Inc., announced today a new Voya Foundation giving strategy designed to align with the goals of the company, to address a pressing social issue and to foster employee engagement in the community. After extensive research, financial resilience emerged as a fitting umbrella concept for all of the foundation's programs. Financial resilience is defined as an individual's ability to make educated financial decisions, take..."/>
Voya Foundation Announces New Giving Strategy
U.S. Bancorp has approved a 9.8 percent increase in the dividend rate on U.S. Bancorp common stock to $1.12 on an annualized basis, or $0.28 on a quarterly basis, payable October 17, 2016, to stockholders of record at the close of business on September 30, 2016.."/>
U.S. Bancorp Declares 9.8 Percent Increase in Quarterly Common Stock Dividends
ZAIS Financial Corp disclosed on Monday that after a detailed review of its merger transaction with a private real estate investment trust, Sutherland Asset Management, Institutional Shareholder Services Inc and Glass Lewis each recommend that the company's stockholders vote for the issuance of shares related to its merger. Also, ISS stated several reasons in its analysis as to why the company's stockholders should vote for the Sutherland transaction, which included that..."/>
ZAIS Financial declares recommendation of ISS and GL for shareholders to vote for merger with Sutherland Asset Management
Lazard Global Total Return and Income Fund Inc disclosed on Friday that its board of directors approved a monthly distribution of USD0.07948 per share on the fund's outstanding common stock. With an ex-dividend date of 11 October 2016, the distribution will be paid on 24 October 2016 to shareholders of record on 13 October 2016.. The fund invests in a portfolio of about 60 to 100 non-US equity securities, including American Depository Receipts and it aims at total return..."/>
Lazard Global Total Return and Income Fund announces USD0.07948 per share distribution for October 2016
Lazard World Dividend& Income Fund Inc declared on Friday that its board of directors approved a monthly distribution of USD0.05737 per share on the fund's outstanding common stock. Shareholders of record on 13 October 2016 will receive the dividend payment on 24 October 2016 and the ex-dividend date is 11 October 2016.. The fund seeks total return through a combination of dividends, income and capital appreciation."/>
Lazard World Dividend & Income Fund announces distribution of USD0.05737 per share for October 2016
Chesswood Group Limited announced today that Windset Capital Corporation, its U.S. working capital loan subsidiary, will discontinue accepting new loan applications from its brokers and independent sales organization network effective September 26, 2016, but will continue to service all of the loans in its portfolio for the entire duration of their terms. It is not expected that any material losses or costs will result from these steps."/>
Chesswood Group Limited Announces That It Is Exiting the U.S. Short-Term Working Capital Loan Business to Focus Solely on Equipment Finance
Opus Bank announced today that Patrick Hughes, President of PENSCO Trust Company, a wholly-owned subsidiary of Opus, will participate at Financial Advisor’ s 7 th Annual Inside Alternatives Conference in Denver, Colorado. Hughes will moderate a panel on September 20, 2016, titled“ Putting Alternatives Into Practice: An Advisor’ s Perspective.” The panel will include speakers from..."/>
Opus Bank Announces Its PENSCO Trust Subsidiary to Participate at 7th Annual Inside Alternatives Conference
Invesco Mortgage Capital Inc. has declared quarterly dividends on shares of its common stock and Series A and Series B preferred stock, the company said. The company's board of directors declared a cash dividend of USD0.40 per share of common stock for the third quarter of 2016. The dividend will be paid on October 26, 2016 to stockholders of record on September 27, 2016, with an ex-dividend date of September 23, 2016.."/>
Invesco Mortgage declares quarterly common and preferred stock dividends
PrimeLending celebrates 1st anniversary of Milwaukee branch
BGC Partners, Inc. has offered to exchange up to USD285 million aggregate principal amount of its outstanding 5.125 percent senior notes due 2021 for an equivalent amount of its 5.125 percent senior notes due 2021, the company said. The exchange offer will expire on October 12, 2016, unless extended. The company's affiliate, Cantor Fitzgerald Securities holds USD15 million aggregate principal amount of the USD300 million aggregate principal amount of outstanding old..."/>
BGC Partners offers exchange for 5.125% senior notes
AEO, JPMorgan Chase focus on minority business creation
Fifth Third Bancorp enabling Fifth Third to originate loans GreenSky's existing merchant network, the company said. The partnership will allow Fifth Third to offer GreenSky's financing solutions to merchants with whom it does business, improving credit access to those merchants' customers. Fifth Third anticipates financing USD2.0 billion in loans originated through GreenSky's system, subject to an agreed upon on-boarding schedule."/>
GreenSky partners with Fifth Third Bank
Bancorp, Inc. have signed an agreement whereby The Bancorp Bank will provide private label banking services to support Varo mobile checking and savings account products, the company said. Varo has signed agreements with Galileo Processing, Inc. to provide payment and transaction processing services; Socure, Inc. for digital identity verification services; and Cachet Financial Solutions Inc. for mobile check deposit. Varo has engaged its early..."/>
Varo, Bancorp Bank partner to support mobile checking, savings accounts
J.P. Morgan launches Diversified Alternatives ETF
SS&C Technologies Holdings, Inc. has acquired Wells Fargo Global Fund Services, a provider of administration operations and cash/collateral management services to alternative investment managers, the company said. GFS administers more than USD42 billion in alternative assets, covering a wide range of strategies traded by global portfolio managers. Wells Fargo's fund administration business services its clients through its global network of offices in, Hong Kong,..."/>
SS&C acquires global fund services business of Wells Fargo
OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, today announced the launch of a new online resource for OTCQX ® and OTCQB ® companies seeking third-party research analyses and investment tools in collaboration with best-in-class institutional and global equity research firms ACF Equity Research, Edison, and Sidoti& Company, LLC. The new "Research Marketplace," available on www.otcmarkets.com,..."/>
OTC Markets Group Introduces Online Equity Research Hub in Collaboration with ACF Equity Research, Edison and Sidoti & Company, LLC
Avalon Advanced Materials Inc. President and CEO was interviewed by the OTC Markets Group for its OTCQX ® Video Series. The series features one-on-one interviews with senior executives of OTCQX companies as they showcase their businesses and investment profiles. In the interview, Donald Bubar discusses:."/>
VIDEO: Avalon Advanced Materials Inc. CEO Donald Bubar Interviewed for OTCQX Video Series
Opus Bank Will Enter the Principal Investment Business with Initial Growth Equity Fund–. –Unique Unleveraged Bank-Sponsored SBIC Fund–. –CRA Investment Benefit for Banks Invested in the Fund–."/>
Opus Bank Receives Approval for Sponsored Fund’s SBIC License
Kemper Corporation announced today that its Life& Health Division has begun implementing enhancements to its life insurance claims procedures. The company is voluntarily undertaking a comprehensive process under which it will cross-reference its life insurance policies against the Social Security Death Master File and other databases to identify potential situations where beneficiaries may not have filed a claim following the death of a loved one, and then..."/>
Kemper Announces Enhancements to Its Life Insurance Claims Procedures
Five Oaks Investment Corp authorised monthly common stock cash dividend of USD0.06 per share for the fourth quarter of 2016, for October, November and December, the company reported on Friday. All shareholders of record dates on 17 October, 15 November and 15 December 2016 will be paid the dividends on 28 October, 29 November and 29 December 2016.. Additionally, as per the terms of the company's 8.75% cumulative redeemable preferred stock, the board..."/>
Five Oaks Investment releases Q4 2016 common and preferred stock dividends for three months
American Capital Agency Corp declared on Friday that its board of directors approved cash dividends of USD0.50 per share and USD0.484375 per depositary share for the third quarter off 2016 on the company's 8.000% series A and 7.750% series B, both cumulative redeemable preferred stock underlying its outstanding depositary shares. Both dividends will be paid on 17 October 2016 to respective shareholders of record date on 1 October 2016 and the ex-dividend date is 28..."/>
American Capital announces Q3 2016 dividends on series A and B preferred stock
Collector AB announced on Friday the resolution by its board of directors to launch an issue of shares of approximately SEK500m with preferential rights for Collector's shareholders. According to the company, this rights issue is carried out to enable continued growth and meet its financial target regarding capital adequacy. Subscription period for the rights issue will run from 27 September 2016 up to and including 11 October 2016.."/>
Collector's board resolves on SEK500m rights issue

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