Industry News

Arab Bank, or UAB, on Monday announced that the bank generated a net profit of Dh71 million for the first half of 2016 compared to a net loss of Dh511 million in the same period in 2015.. Shaikh Faisal bin Sultan bin Salem Al Qassimi, chairman of the Board of Directors, said: "The board is pleased to see the improved operating performance continue into the second quarter, demonstrating the strength of our' core' business. Although 2015 was a challenging year for UAB,..."/>
UAB posts profit of Dh71m in H1 [Khaleej Times, Dubai, United Arab Emirates]
Apple Pay, Android Pay and Samsung Pay."/>
Walmart Pay is here, but you might experience hiccups [Pioneer Press, St. Paul, Minn.]
Cornerstone Community Bancorp,, announced today its financial results for the second quarter ended June 30, 2016.. The Company reported net income of $361,000 for the three months ended June 30, 2016 compared to net income of $188,000 for the same period last year. Diluted earnings per share increased 93% to $0.27 for the three months ended June 30, 2016 compared to $0.14 for the same period last year."/>
Cornerstone Community Bancorp Reports Financial Results for the Second Quarter Ended June 30, 2016
Pennsylvania Real Estate Investment Trust said Monday that the decision to put the mall on the market came after Shell announced last month it was moving forward with the multibillion-dollar ethane cracker planned a half-mile away. "The development presents an opportunity to maximize..."/>
BRIEF: Beaver Valley Mall up for sale [The Pittsburgh Tribune-Review]
First Financial Bancorp has published its 2015 Community Development Report. It can be accessed at www.bankatfirst.com/home/community-development. html. The report focuses on the five key areas for community development: 1."/>
First Financial Bancorp Releases 2015 Community Development Report
Sovran Self Storage, has wrapped up its purchase of another self-storage operator, Life Storage."/>
Sovran to drop Uncle Bob's name in favor of Life Storage brand [The Buffalo News, N.Y.]
Altisource Residential Corporation will report earnings results for the second quarter of 2016 on Monday, August 8, 2016. Residential will also host a conference call at 8:30 a.m. Eastern Time on August 8, 2016 to discuss its second quarter results. A link to the live audio webcast will be available on Residential's website at www.altisourceresi.com through the Shareholders home page."/>
Altisource Residential Corporation Schedules Conference Call for Second Quarter 2016 Results
Wilshire Bancorp, Inc., the holding company for Wilshire Bank, today reported net income of $17.4 million, or $0.22 per diluted common share, for the quarter ended June 30, 2016. This compares to net income of $15.6 million, or $0.20 per diluted common share, for the same period of the prior year, and net income of $13.2 million, or $0.17 per diluted common share, for the first quarter of 2016.. Jae Whan Yoo, President and CEO of Wilshire Bancorp, said,“ We delivered a..."/>
Wilshire Bancorp Reports Net Income of $17.4 Million or $0.22 per Share for Second Quarter 2016
Mosaic Capital Corporation is pleased to announce that the cash distribution for the month of July 2016 in respect of its preferred securities will be paid on August 15, 2016 to all holders of preferred securities of record as of July 29, 2016. The July distribution will be $0.0833 per preferred security. For Canadian income tax purposes the monthly distribution in respect of the preferred securities is considered interest income in the hands of the..."/>
Mosaic Capital Corporation Confirms July 2016 Distribution in Respect of its Preferred Securities
PNC Financial Services Group, Inc. today announced that it has submitted a redemption notice to the trustee for redemption on Aug. 22, 2016 all of the outstanding Senior Notes due Sept. 19, 2016 issued by PNC Funding Corp in the amount of $1,250,000,000. The securities have a distribution rate of 2.70 percent and an original scheduled maturity date of Sept. 19, 2016. The redemption price will be equal to $1,000 per $1,000 in principal amount,..."/>
PNC Announces Redemption of PNC Funding Corp 2.70 Percent Senior Notes Due Sept. 19, 2016
Granite Real Estate Investment Trust announced today that its board of trustees has declared a distribution on Granite's stapled units of CDN $0.203 per stapled unit. The distribution will be paid by Granite on August 15, 2016 to stapled unitholders of record at the close of trading on July 29, 2016. The stapled units will begin trading on an ex-dividend basis at the opening of trading on July 27, 2016 on the Toronto Stock Exchange and on the New York..."/>
Granite REIT Declares Monthly Distribution
Granite Real Estate Investment Trust announced today that its board of trustees has declared a distribution on Granite's stapled units of CDN $0.203 per stapled unit. The distribution will be paid by Granite on August 15, 2016 to stapled unitholders of record at the close of trading on July 29, 2016. The stapled units will begin trading on an ex-dividend basis at the opening of trading on July 27, 2016 on the Toronto Stock Exchange and on the New..."/>
Granite REIT Declares Monthly Distribution
Two Harbors Investment Corp. announced today that it will release financial results for the quarter ended June 30, 2016 after the market close on August 3, 2016. The company will host a conference call to review the financial results on August 4, 2016, at 9:00 a.m. EDT. To participate in the teleconference, please call toll-free 868-1835, Conference Code 30480298, approximately 10 minutes prior to the above start time."/>
Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2016 Financial Results
Two Harbors Investment Corp. today announced the appointment of Timothy Perrott as the Senior Director of Investor Relations. Perrott has over 20 years of experience in leading global investor relations and corporate communications efforts. He has held leadership positions with ADT Security Services, NII Holdings, and Southern Company, among others."/>
Timothy J. Perrott Appointed Senior Director of Two Harbors Investment Corp.
Brookfield Canada Office Properties announced a distribution of $0.1092 per trust unit payable on August 15, 2016 to holders of Trust units of record at the close of business on July 29, 2016.. The distributions are declared in Canadian dollars. Registered unitholders resident in Canada will receive payment in Canadian dollars and registered unitholders resident in the United States will receive the U.S. dollar equivalent..."/>
Brookfield Canada Office Properties Declares August 2016 Monthly Distribution
InnVest Real Estate Investment Trust announced today that a distribution of $0.0333 per unit, payable on August 15, 2016, has been declared to the holders of record as at the close of business July 29, 2016.. TRUST PROFILE InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 108 hotels across Canada representing approximately 14,000 guest rooms operated under internationally..."/>
InnVest Real Estate Investment Trust Announces Monthly Distribution
Inovalis Real Estate Investment Trust announced today that its Board of Trustees has declared the REIT's monthly cash distribution of CDN $0.06875 per unit for the period from July 1, 2016 to July 31, 2016. The distribution will be payable on August 15, 2016 to unitholders of record as of the close of business on July 29, 2016.."/>
Inovalis Real Estate Investment Trust Announces July 2016 Distribution
InnVest Real Estate Investment Trust is pleased to announce that the resolutions considered at its meetings of debentureholders held on July 18, 2016 were passed. The resolutions approve certain amendments to the indentures governing the redemption of each of InnVest's series of convertible debentures, on or about the date of the closing of the previously announced arrangement pursuant to which Bluesky Hotels and Resorts Inc. has agreed to..."/>
InnVest Real Estate Investment Trust announces results from meetings of convertible debentureholders

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