Industry News

Winter Park library team recommended [Orlando Sentinel]
Park National Corp., which purchased Panama City-based Vision Bank in 2007, paid a $500,000 fine last week to the Securities and Exchange Commission after an investigation found an error in the company's accounting of impaired loans at Vision Bank in 2010 and 2011.. "During 2010 and the first three quarters of 2011, Park had understated its reported by incorporating into its impairment analysis of problem loans certain cash flows..."/>
BRIEF: Former Vision Bank owner hit with $500,000 SEC fine [The News Herald, Panama City, Fla.]
Axis Bank on Friday fell 5.8%, the steepest fall in 11 months, after news reports indicated that the government may start selling some of its stake in the lender. At the end of the June quarter, the government owned 11.51% in Axis via the Specified Undertaking of Unit Trust of India, or SUUTI. The government is currently hiring merchant bankers for divesting stakes held under SUUTI."/>
BRIEF: Axis Bank falls 5.8%, most in 11 months [Mint, New Delhi]
Brookfield Asset Management Inc. is set to invest Rs450 crore in Mumbai-based Peninsula Land Ltd's premium project in Byculla in a structured debt transaction, three people familiar with the deal said. The Peninsula deal marks Brookfield's first investment in a residential project in India from its new $9 billion global real estate fund. The money will be used partly to refinance Kotak Mahindra Bank's loan to Peninsula Land, which would give the..."/>
Brookfield to invest Rs450 crore in Peninsula Land's Mumbai project [Mint, New Delhi]
Mosaic Capital Corporation announced today that it has filed, and received receipt for, a final short form base shelf prospectus. The Prospectus was filed with the securities regulatory authorities in each of the Provinces of Canada, except Québec, to provide Mosaic with..."/>
Mosaic Capital Corporation Files Final Base Shelf Prospectus
First NBC Announces Delay in Filing Reports
Sally Beauty Holdings Inc. will replace R.R. Donnelley& Sons Co. in the S&P MidCap 400 index, and R.R."/>
Sally Beauty Holdings & Versum Materials Set to Join the S&P MidCap 400; Others to Join S&P SmallCap 600
Gridsum Holding Inc., a leading provider of sophisticated data analysis software based in Beijing, China, visited the Nasdaq MarketSite in Times Square today in celebration of its initial public offering on The Nasdaq Stock Market. This is the fourth China-based company to list on Nasdaq in 2016.. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/08c7599a-4d22-4c4e-a021-95779600aa56."/>
Nasdaq Welcomes Gridsum Holding Inc. (Nasdaq: GSUM) to The Nasdaq Stock Market
EnCana Corporation. TORONTO, Sept. 23, 2016/ CNW/- S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:. A prospectus offering of common shares from EnCana Corporation has closed."/>
S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
Eaton Vance Senior Floating-Rate Trust and Eaton Vance Senior Income Trust announced the final results of its tender offer ending September 23, 2016 to repurchase up to 27% and 44%, respectively, of outstanding auction preferred shares. For each Fund, the Tender Offer is at a price per share equal to 95% of the liquidation preference of $25,000 per share, plus any accrued but unpaid APS dividends. For each Fund, the amount of duly tendered APS..."/>
Eaton Vance Bank Loan Closed-End Funds Announce Final Results Of Auction Preferred Shares Tender Offers
Hennessy Advisors, Inc. today announced that it has completed the acquisition of assets related to the management of The Westport Funds. As a result, the Westport Fund and the Westport Select Cap Fund will be reorganized into the Hennessy Cornerstone Mid Cap 30 Fund. This acquisition represents approximately $440 million in assets, bringing total assets managed by Hennessy Advisors, Inc. to $6.8 billion."/>
Hennessy Advisors, Inc. Acquires The Westport Funds Bringing Assets Under Management to $6.8 Billion
Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced that on September 21, 2016, its respective Boards of Directors appointed Francesco S. Rossi, Senior Vice President, Chief Accounting Officer of the Company and the Bank. Rossi brings 20 years of financial services experience, with extensive expertise in financial reporting, accounting, and tax compliance. He is responsible for managing the Bank's Controller's Group and..."/>
Francesco S. Rossi Named Chief Accounting Officer at Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank
New Residential Investment Corp. announced today that its Board of Directors declared a quarterly dividend of $0.46 per common share for the third quarter of 2016. The dividend is payable on October 28, 2016 to shareholders of record on October 3, 2016.. New Residential focuses on opportunistically investing in, and actively managing, investments related to residential real estate."/>
New Residential Declares a Third Quarter Dividend of $0.46 per Common Share
Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that it intends to purchase up to 6.5 million of its common shares through private agreements with two arm?s-length third-party sellers. Any shares purchased under these agreements will count towards the company's existing normal course issuer bid, which..."/>
Thomson Reuters Intends to Purchase up to 6.5 Million Shares Through Private Agreements

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