Industry News

Onex Corporation today announced its consolidated financial results for the second quarter and six months ended June 30, 2016 and an update on matters following quarter-end. --Since June, we committed to invest approximately $1.6 billion in three businesses:-- Thomson Reuters' Intellectual Property& Science business, which owns a collection of leading subscription-based businesses that provide a..."/>
Onex Reports Second-Quarter 2016 Results
New Residential Investment Corp. announced today that it priced its public offering of 20,000,000 shares of its common stock for gross proceeds of approximately $284.0 million. The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market..."/>
New Residential Announces Pricing of Public Offering of Common Stock
Radian Group Inc. previously disclosed that it would redeem all of the outstanding Radian Group Inc. 9.000% Senior Notes due 2017 on August 12, 2016. Radian today announced that pursuant to the Senior Indenture for the Notes, the redemption price for the Notes will be 106.668 percent of the principal amount of Notes outstanding, plus accrued interest. The principal amount of the Notes outstanding is $195,501,000, and the aggregate redemption amount due is..."/>
Radian Announces Redemption Price for 9.000% Senior Notes due 2017
RLI Corp disclosed on Thursday that its board of directors approved a third quarter regular cash dividend of USD0.20 per share on the company's common stock, unchanged from the prior quarter. The dividend will be paid on 19 September 2016 to shareholders of record as of 31 August 2016. Also, the company stated that it has paid dividends for 161 consecutive quarters and increased dividends in each of the last 41 years."/>
RLI announces dividend of USD0.20 per share for Q3 2016
Medley Management Inc. today reported its financial results for its second quarter ended June 30, 2016.. Total assets under management were $5.0 billion as of June 30, 2016 Fee earning assets under management were $3.2 billion as of June 30, 2016 Declared $0.20 per share dividend for Q2 2016 payable on September 6, 2016 U.S. GAAP net income attributable to Medley Management Inc. was per share for Q2 2016 and per share for the six months ended June 30, 2016 Core..."/>
Medley Management Inc. Declares $0.20 Per Share Dividend and Reports Second Quarter 2016 Results
SolarCity won't just be making solar panels when its Buffalo factory opens next year. The solar installer plans to launch a new roofing product that will be integrated with solar panels. Company executives hope that will allow the company to tap into a much bigger pool of potential customers."/>
It's a solar panel AND a roof: What SolarCity will make at its Buffalo plant [The Buffalo News, N.Y.]
CNO Financial Group, Inc. has declared a quarterly cash dividend of USD0.08 per share on the company's common shares, the company said. The dividend is payable September 23, 2016, to shareholders of record at the close of business on September 9, 2016.. CNO Financial Group, Inc. is a holding company."/>
CNO Financial declares quarterly dividend
Sun Life Financial Inc. has declared a quarterly dividend of CAD0.405 per common share, the company said. The dividend is payable September 30, 2016, to shareholders of record at the close of business on August 31, 2016.. Sun Life Financial is an international financial services organization providing protection and wealth products and services to individuals and corporate customers."/>
Sun Life Financial declares quarterly dividends on common shares
Great Southern Bancorp, Inc. the holding company for Great Southern Bank has priced its public offering of USD75 million aggregate principal amount of its fixed-to-floating rate subordinated notes due August 15, 2026, the company said. Due to market demand, Great Southern increased the aggregate principal amount of the notes to USD75 million from the previously announced amount of USD50 million. The notes will initially bear interest at 5.25 percent per annum."/>
Great Southern Bancorp prices fixed-to-floating rate subordinated notes
Ashford Hospitality Prime, Inc. has taken a series of actions in response to the board's on-going dialogue with company shareholders, which are intended to enhance the company's corporate governance and improve its QuickScore, the company said. The enhanced governance measures, which were unanimously approved by the Board of Directors, include:. Adoption of a majority voting standard for uncontested director elections and a plurality voting standard..."/>
Ashford Prime to enhance corporate governance
Bay Banks of Virginia, Inc. has elected Elizabeth Hinton Crowther, Ed.D. to Bay Trust's board of directors, the company said. Crowther is president of Rappahannock Community College. Bay Banks of Virginia, Inc. is the bank holding company for Bank of Lancaster and Bay Trust Company."/>
Bay Trust elects new member to board
iStar has reported plans to upsize its senior secured credit facility by USD50 million to USD500 million, the company said. The company said the additional debt will be issued at par. Proceeds from the upsize will be used to pay down outstanding borrowings on the company's secured revolving credit facility."/>
IStar to upsize senior secured credit facility
ZAIS Financial Corp. has declared a cash dividend of USD0.40 per share of the company's common stock and OP unit for the three months ended June 30, 2016, maintaining the dividend level from prior quarters, the company said. The dividend was paid on July 15, 2016 to stockholders and OP unit holders of record as of the close of business on June 30, 2016.. ZAIS Financial Corp. is a REIT that invests in a diversified portfolio of residential mortgage assets, other..."/>
ZAIS Financial reports quarterly dividend
Five Oaks Investment Corp. has reported a GAAP net loss of USD4.9 million, a comprehensive loss of USD0.9 million, and core earnings of USD3.0 million, the company said. The company realized a negative economic return on its common stock of 0.7 percent after accounting for dividends of USD0.18. The company effected a re-securitization of certain first loss multi-family MBS securities backed by Freddie Mac K Certificates with a certificate principal balance of approximately..."/>
Five Oaks Investment reports USD4.9m Q2 2016 net loss
Valley National Bancorp has reported it elected to prepay all USD405 million of its Federal Home Loan Bank borrowings contractually maturing in 2018, the company said. Valley said it refinanced the 2018 debt, with a total average cost of 3.69 percent, into a new five-year FHLB borrowing with an effective average interest rate of 2.51 percent, which includes amortization of prepayment penalties totaling USD20.0 million. In August, Valley terminated a fair value interest rate..."/>
Valley National Bancorp reports USD405m debt modification
SunTrust Banks, Inc. has approved an increase in the dividend on SunTrust common stock to USD0.26 per share, the company said. The dividend is payable on September 15, 2016, to shareholders of record at the close of business on August 31, 2016. The previous quarterly dividend was USD0.24."/>
SunTrust increases common stock dividend
First Bancorp, has expanded its business banking solutions to offer SBA 7 a, USDA and 504 loans to small business owners throughout the United States, the company said. With a retail branch network in the Carolinas, First Bank's entrance into SBA lending allows the company to better serve its existing communities as well as develop a national footprint to offer loan products that help small business owners who may not qualify for..."/>
First Bank launches national SBA lending division
CyrusOne Inc announced on Wednesday the pricing of its public offering of 6,800,000 shares of its common stock at a price to the public of USD50.50 per share. Of this offering, 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,. Also, the underwriters have been granted an option to purchase up to 1,020,000 additional shares of..."/>
CyrusOne prices public offering of 6.8 million shares of common stock at USD50.50 per share
CNO Financial Group Inc approved a quarterly cash dividend of USD0.08 per share on the company's common shares, it declared on Wednesday. Shareholders of record at the close of business on 9 September 2016 will receive the dividend payment on 23 September 2016.. CNO through its subsidiaries, develops, markets and administers health insurance, annuity, individual life insurance and other insurance products for senior and middle-income markets in the..."/>
CNO Financial announces dividend of USD0.08 per share for quarter
Renasant Corporation authorised a quarterly cash dividend of USD0.18 per share, the company disclosed on Wednesday. Shareholders of record as of 14 September 2016, will receive the dividend payment on 30 September 2016.. Renasant operates as the holding company of Renasant Bank, a 112- year-old financial services institution."/>
Renasant's board authorises dividend of USD0.18 per share
Aon plc today announced that Jin-Yong Cai, Partner at TPG Capital, has been appointed to the Company's Board of Directors effective August 10, 2016. Cai, a proven leader in the financial industry and in global economic development, will also serve on Aon's Finance and Organization and Compensation Committees. "We are pleased to welcome Jin-Yong Cai to Aon's Board," said Lester B. Knight III, Chairman of the Company's Board of Directors."/>
Aon Announces Board Change
Digital Realty Trust Inc announced on Wednesday that its board of directors approved cash dividends on its common and five series of cumulative redeemable preferred stock for the third quarter of 2016.. A cash dividend of USD0.88 per share on the company's common stock will be paid to all holders of record as of the close of business on 15 September 2016, on 30 September 2016.. Also, a cash dividend of USD0.43750 per share to holders of record of the company's 7.000% series E;..."/>
Digital Realty announces common and preferred stock dividends for quarter

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