Industry News

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..."/>
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 York..."/>
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.
JMP Group LLC, an investment banking and alternative asset management firm, announced today that its board of directors has declared cash distributions of $0.03 per share for the months of July, August and September 2016. In total, the three monthly distributions equal $0.09 per share for the third quarter of the year. The July distribution is payable on August 15, 2016, to shareholders of record as of July 29, 2016."/>
JMP Group Declares Third Quarter 2016 Monthly Distributions
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
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
AXIS Capital Holdings Limited today announced that its preliminary estimate of second quarter 2016 catastrophe and weather-related pre-tax losses is $104 million, net of estimated recoveries from reinsurance and including the impact of estimated reinstatement premiums. Of this amount, $71 million is from major natural catastrophes and $33 million is from weather events. The Company was impacted by 20 events globally with estimated industry insured..."/>
AXIS Capital Provides Preliminary Estimate of Catastrophe and Weather-Related Net Losses Impacting Second Quarter 2016 Financial Results
PJT Partners Inc. announced that it expects to release its second quarter 2016 financial results on Friday morning, July 29, 2016. The earnings release will be available through the Investor Relations section of the PJT Partners website at www.pjtpartners.com. PJT Partners will host a conference call on Friday, July 29, 2016 at 8:30 a.m. ET with access available via webcast and telephone."/>
PJT Partners Inc. to Report Second Quarter 2016 Financial Results and Host a Conference Call on July 29, 2016
Banc of California, Inc. today reported total assets of $10.2 billion for the quarter ended June 30, 2016.. "We are proud to announce that Banc of California's total assets now exceed $10 billion," said Steven Sugarman, Chairman and Chief Executive Officer of Banc of California. "Today is a significant milestone for us."/>
Banc of California Finishes Second Quarter with Total Assets Over $10 Billion
Principal Financial Group, Inc. announced today that it will participate in an Investor Event hosted by Eric Berg, Insurance and Asset Management Analyst at RBC Capital Markets. The event will take place at the Imperial Hotel in Tokyo on Sept. 13, 2016 at 11:00 a.m. JST. Senior leaders from our Asian operations in Principal Global Investors and Principal International will provide an update on our global asset management and retirement strategies and the..."/>
Principal Financial Group to Host Investor Event in Tokyo on Sept. 13, 2016
Gramercy Property Trust announced today that it will release earnings for the second quarter 2016 on Wednesday, August 3, 2016, prior to market open. The Company's executive management team will host a conference call and audio webcast on Wednesday, August 3, 2016, at 11:00 AM EDT to discuss second quarter 2016 financial results."/>
Gramercy Property Trust to Release Second Quarter 2016 Financial Results on August 3, 2016
Castex Technologies Ltd, the debt-laden Amtek Auto Ltd firm, in a joint lending forum has proposed a strategic debt restructuring, Castex said in a statement on Monday. It was in response to an article published in the Economic Times on 15 July 2016.. The proposed SDR, Castex said, is under consideration and subject to in-principal approval of lenders."/>
BRIEF: Castex lenders propose strategic debt restructuring [Mint, New Delhi]
Hindustan Unilever Ltd, will announce its first quarter earnings on Monday. While the revenues in the June quarter are likely to be slightly better than that in the preceding quarter, it would be interesting to see if the company bucks the trend of anemic sales growth which is expected for the sector. "Our consumer universe has exhibited lacklustre sales momentum in the first quarter of fiscal 2017..."/>
What to look for in HUL's first quarter results [Mint, New Delhi]
IIFL Holdings Ltd and existing investor Accel Partners, the company said in a statement on Monday. The round also saw participation from another new investor, Singapore-based venture capital fund RB Investments, besides existing investors Kalaari Capital and IvyCap Ventures. BlueStone, owned by Bluestone Jewellery and Lifestyle Pvt."/>
BlueStone raises Rs200 crore in Series D round [Mint, New Delhi]
ARM Holdings for $32.4 billion. SoftBank Group Corp. has agreed to buy ARM Holdings Plc for $32.4 billion in cash, a deal that would be the Japanese company's biggest-ever acquisition, The Financial Times reported."/>
Deals Buzz: Govt may sell SUUTI's stake in ITC; Mytrah plans to raise up to $300 mn [Mint, New Delhi]

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