Industry News

National Holdings Shares. NEW YORK---- National Holding Corporation, a leading full service independent brokerage, investment banking and investment advisory firm providing diverse services including tax preparation& accounting services, today announced its financial results for the fiscal third quarter ended June..."/>
National Holding Corporation Announces Fiscal Third Quarter 2016 Financial Results
Merchants Bank Donates $8,000 to Dragonheart Vermont
Oxbridge Re Holdings Limited, a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported financial results for the second quarter ended June 30, 2016.. Second Quarter 2016 Results Net income totaled $872,000 or $0.14 per basic and diluted common share compared with $1.7 million or $0.27 per basic and diluted common share in the second quarter of 2015. The decrease was..."/>
Oxbridge Re Holdings Reports Second Quarter 2016 Results and Declares Quarterly Dividend
Solar Senior Capital Ltd. announces that a wholly owned subsidiary of its First Lien Loan Program, a joint venture with Voya Investment Management to invest in first lien senior secured loans to U.S middle market companies, has amended its senior secured revolving credit facility. The amendment includes a $25 million commitment increase to $100 million, as well as a maturity extension to August 2021. Wells Fargo Bank is acting as administrative agent for..."/>
Solar Senior Capital Ltd. Announces Amendment of FLLP Credit Facility With $25 Million Upsize
American Farmland Announces Second Quarter 2016 Results
Laurentian Bank of Canada will publish its financial results for the third quarter of 2016 and will hold a conference call for media representatives and the financial community at 2:00 p.m.. To facilitate the presentation of financial results, a reference document as well as a press release will be available on the Bank's Web site. About Laurentian Bank Laurentian Bank of Canada is a banking institution whose..."/>
Media Advisory: Publication of Laurentian Bank's 3rd Quarter 2016 Results
Consumer Portfolio Services, Inc. today announced that on August 12, 2016 it renewed its two-year revolving credit agreement with Citibank, N.A.. Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will originate directly, or will purchase from dealers in the future. CPS may borrow on a revolving basis through August 10, 2018, after which CPS will have the option to repay the outstanding loans in full..."/>
CPS Announces Renewal of $100 Million Credit Facility
First International Bank of Israel reports a net profit of NIS 134 million for the second quarter of 2016, up 13.6% on the NIS 118 million profit reported for the corresponding quarter of 2015. In the first six months of 2016, the bank's net profit was NIS 281 million, 8% up on the corresponding quarter. The bank explains that there were several offsetting factors affecting its second quarter profit: a one-time profit on the sale of the bank's right in Visa Europe, offset by..."/>
First International Bank posts higher Q2 profit [Globes, Tel Aviv, Israel]
Frutarom Industries Ltd. has reported record revenue of of $300.2 million in the second quarter of 2016, up 37.4% on the corresponding quarter of 2015. The company reported that constant currency growth in pro-forma terms was 7.2%. Adjusted for non-recurring items, gross profit grew by 36.9% to $116.9 million; EBITDA grew by 33.2% to $57.2 million; and net profit grew by 22.7% to $33.7 million."/>
Frutarom reports record quarter [Globes, Tel Aviv, Israel]
Elbit Systems Ltd. has unveiled the Skylark C, a new highly autonomous Mini Unmanned Aircraft System specifically designed and built for maritime applications. Based on the Skylark I Mini UAS-- which is fully operational and in use by dozens of customers around the world, the new Skylark C transforms and extends the operational capabilities of its land-based counterpart into an organic maritime Intelligence, Surveillance, Target..."/>
Elbit unveils mini-drone for maritime applications [Globes, Tel Aviv, Israel]
Clal Insurance Enterprises Holdings Ltd. in favor of its new bondholders. Earlier this month, IDB Development raised NIS 325 million in the offering of its Series 11 bond, but..."/>
Elsztain petitions court against regulator Salinger [Globes, Tel Aviv, Israel]
Israel Discount Bank, headed by Lilach Asher-Topilsky, reported impressive second quarter results this morning. The bank posted a net profit of NIS 393 million for the quarter, which compares with NIS 270 million in the corresponding quarter of 2015, representing a rise of 45.6%. The bank's net return on equity in the quarter was 12.3%."/>
Discount Bank reports strong second quarter [Globes, Tel Aviv, Israel]
Post Properties announced Monday an agreement to merge so that Post becomes part of MAA. The coupling of MAA's 80,846 apartment units and Post's 24,162 units creates a publicly traded real estate investment trust that is focused on Sunbelt states. The combined company's corporate headquarters will be in Memphis, and MAA will maintain a significant presence in Atlanta and Dallas."/>
Memphis' MAA to buy Atlanta apartment owner for $3.88 billion [The Commercial Appeal, Memphis, Tenn.]
Alon Blue Square Israel Ltd. announced today the resignation of Mr. Tal Yeshua as a member of the Company's board of directors effective immediately."/>
Alon Blue Square Announces Resignation of Tal Yeshua as Director
Bank of America is moving its name and downtown Norfolk regional headquarters across the street. The bank, which anchored the 1 Commercial Place tower that's being converted into apartments, will instead have its name affixed atop Dominion Tower at 999 Waterside Drive. Its name replaces the logo for Bank of Hampton Roads, which will continue to operate a branch in the building."/>
Bank of America moving to Dominion Tower in downtown Norfolk [The Virginian-Pilot]
Bluerock Residential Growth REIT, Inc. announced today that it has closed on the sale of its Springhouse Apartment Homes property, located in Newport News, Virginia. The property, which encompasses 24 two-story apartment buildings, 413 apartment rental units and 28 acres, sold for $38.2 million, generating an internal rate of return of approximately 17% on BRG's equity investment in the project, for a return on equity of 1.8 x."/>
BRG Sells Multifamily Project in Newport News, VA
Security National Financial Corporation announced financial results for the quarter ended June 30, 2016.. For the three months ended June 30, 2016, SNFC’ s pre-tax earnings from operations increased 28.1% from $6,232,000 in 2015 to $7,981,000 in 2016, on a 7.5% increase in revenues to $81,739,000. After tax earnings increased 39% from $3,852,000 in 2015 to $5,357,000 in 2016.. Scott Quist, Chairman of the Board, President and Chief Executive..."/>
Security National Financial Corporation Reports Financial Results for the Second Quarter of 2016
Lazard Global Total Return and Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07948 per share on the Fund’ s outstanding common stock. The distribution is payable on September 23, 2016 to shareholders of record on September 12, 2016. The ex-dividend date is September 8, 2016.."/>
Lazard Global Total Return and Income Fund Declares Monthly Distribution
Manhattan Bridge Capital, Inc., a real estate finance company specializing in originating, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real estate, today announced the closing of its previously announced public offering of 672,269 common shares at a price to the public of $5.95 per share. Gross proceeds to Manhattan Bridge Capital from the offering were approximately $4,000,000, before..."/>
Manhattan Bridge Capital, Inc. Announces Closing of Public Offering of Common Shares
Lazard World Dividend& Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05737 per share on the Fund’ s outstanding common stock. The distribution is payable on September 23, 2016 to shareholders of record on September 12, 2016. The ex-dividend date is September 8, 2016.."/>
Lazard World Dividend & Income Fund Declares Monthly Distribution

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