Feed aggregator
AM Best Affirms Credit Ratings of Palms Insurance Company, Limited and Palms Specialty Insurance Company, Inc.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands). Concurrently, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Palms Specialty Insurance Company, Inc. (Palms Specialty) (Delaware). The outlook of these Credit Ratings (ratings) is stable. The ratings
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 8/1/2025 Ex-Date- 8/15/2025 Record- 8/15/2025 Payable- 9/2/2025 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.055500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.049500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Trust* BFK $0.050
General American Investors Files Certified Shareholder Report for Period Ended June 30, 2025
NEW YORK--(BUSINESS WIRE)--General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six-month period ended June 30, 2025. The Form N-CSR contains the Company’s June 30, 2025 Semi-Annual Report and is available at the SEC’s website: www.sec.gov and the Company’s website: www.generalamericaninvestors.com. The Semi-Annual R
MFS Announces Closed-End Fund Distributions
BOSTON--(BUSINESS WIRE)--MFS Announces Closed-End Fund Distributions for August 2025
KBRA Assigns Preliminary Ratings to NMEF Funding 2025-B, LLC
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to six classes of notes issued by NMEF Funding 2025-B, LLC (NMEF 2025-B), an equipment ABS. NMEF 2025-B represents North Mill Equipment Finance LLC’s (North Mill or the Company) tenth equipment ABS. North Mill is an independent equipment finance company created in 2012 when Colford Capital Holdings LLC acquired and re-branded Equilease Financial Services (Equilease), which had been founded in 1957. InterVest Capital Partners Inc. (Inte
Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $300,000,000 aggregate principal amount of 5.625% Senior Notes due 2035 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group. Th
Cardlytics Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
ATLANTA--(BUSINESS WIRE)--Cardlytics, Inc. (NASDAQ: CDLX) today announced that on July 30, 2025, the Compensation Committee of Cardlytics’ Board of Directors granted an aggregate of 454,600 restricted stock units of Cardlytics to two newly hired employees. The restricted stock units were granted as material inducements to employment with Cardlytics in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted under the Cardlytics, Inc. 2022 Inducement Plan (the “2022 Inducement Plan”). For
E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study
NEW YORK--(BUSINESS WIRE)--E*TRADE from Morgan Stanley today released the data from its monthly sector rotation study, based on the E*TRADE customer notional net percentage buy/sell behavior for stocks that comprise the S&P 500 sectors. About E*TRADE from Morgan Stanley and Important Notices E*TRADE from Morgan Stanley provides financial services to retail customers. Securities products and advisory services offered by Morgan Stanley Smith Barney LLC, Member SIPC and a Registered Investment
Transitional Housing Project Breaks Ground With $2M Grant from FHLB Dallas and Catalyst Bank
OPELOUSAS, La.--(BUSINESS WIRE)-- #affordablehousing--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) joined Catalyst Bank, The Refinery Mission and elected officials to break ground today on The Rig housing development. The project was made possible in part by a $2 million FHLB Dallas Affordable Housing Program (AHP) grant through FHLB Dallas member Catalyst Bank. “This is our third round of AHP funding, and it has enabled us to fast track our growth,” said Johnny Carriere, executive direct
PHLT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Performant Healthcare, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Performant Healthcare, Inc. (NASDAQ: PHLT) to Machinify for $7.75 in cash is fair to Performant shareholders. Halper Sadeh encourages Performant shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Performant and it
A-CAP Announces Strategic Financing
NEW YORK--(BUSINESS WIRE)--Advantage Capital Holdings, LLC (“A-CAP” or “the Company”), a New York-based insurance and financial services company with over $16 billion in assets, today announced that one of its wholly owned subsidiaries has completed a strategic capital transaction with affiliates of BDT & MSD Partners, LLC (“BDT & MSD”). The investment is structured as a credit facility with features that provide flexibility to support the company’s growth and long-term objectives. “We
AM Best Downgrades Credit Ratings of Allegany Insurance Group’s Members
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of the members of Allegany Insurance Group (Allegany). These Credit Ratings (ratings) apply to Allegany Co-op Insurance Company (Cuba, NY), Conemaugh Valley Mutual Insurance Company (Johnstown, PA), and United Frontier Mutual Insurance Company (Lockport, NY). The outlook of these ratings has bee
Lazard Announces Total Consideration for Lazard Group LLC’s Cash Tender Offer for Its 3.625% Senior Notes Due 2027
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the Total Consideration as set forth in the table below in respect of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.625% Senior Notes due March 1, 2027 (the “Notes”). The Tender Offer is being made upon the terms and conditions in the Offer to Purchase dated July 28, 2025. The Tender Offer will expire today at 5:00 p.m. (N
SJM BREAKING NEWS: The J.M. Smucker Co. Stock Declines over 18% After Significant Impairment Charges – BFA Law is Investigating and Urges Investors with Losses to Contact the Firm
NEW YORK--(BUSINESS WIRE)---- $SJM #Attorney--Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The J.M. Smucker Company (NYSE: SJM) for potential violations of the federal securities laws. If you invested in J.M. Smucker, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/the-jm-smucker-company-class-action-lawsuit. Why Is J.M. Smucker being Investigated? J.M. Smucker manufactures and markets branded food and beverage products. I
FLR BREAKING NEWS: Fluor Corporation Stock Plummets over 30% on Infrastructure Delays – BFA Law is Investigating and Urges Investors with Losses to Contact the Firm
NEW YORK--(BUSINESS WIRE)---- $FLR #Attorney--Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Fluor Corporation (NYSE: FLR) for potential violations of the federal securities laws. If you invested in Fluor, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/fluor-corporation-class-action-lawsuit. Why Is Fluor being Investigated? Fluor is a global professional services firm that provides engineering, procurement and construction,
AM Best Places Credit Ratings of Puritan Life Insurance Company of America Under Review With Developing Implications
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Puritan Life Insurance Company of America (Puritan) (Scottsdale, AZ). These Credit Ratings (ratings) are being placed under review with developing implications due to the potential acquisition of Puritan by Amistad Financial Group, LLC. The ratings will remain under review until AM Best can assess the i
KBRA Assigns Preliminary Ratings to VRTX 2025-HQ
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA announces the assignment of preliminary ratings to five classes of VRTX 2025-HQ, a CMBS single-borrower securitization. The collateral for the transaction is a $600 million portion of a $1.0 billion fixed rate, interest-only first lien mortgage loan. The fixed-rate loan has a five-year term and requires monthly interest-only payments based on an assumed interest rate of 6.25%. The loan is secured by the borrower’s fee simple interest in Vertex HQ , two 15-story,
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for July 2025, Includes Reg.-NMS Execution Statistics
GREENWICH, Conn.--(BUSINESS WIRE)---- $IBKR #IBKR--Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for July. Brokerage highlights for the month included: 3.498 million Daily Average Revenue Trades (DARTs)1, 27% higher than prior year and 1% higher than prior month. Ending client equity of $685.8 billion, 35% higher than prior year and 3% higher than prior month. Ending client margin loan balances of $67.6
Lisa Detanna, Global Wealth Solutions Group of Raymond James, Named to Barron’s Top 100 Women Financial Advisors
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Congratulations to Lisa Detanna, Managing Director, of the Global Wealth Solutions Group of Raymond James located at 9595 Wilshire Blvd, Suite 801, Beverly Hills, CA 90212, on being recognized #8 on Barron’s 2025 Top 100 Women Financial Advisor lists, release July 2025. This recognition reflects Lisa’s decades-long commitment to delivering personalized, objective, and forward-thinking financial guidance to clients nationwide. “We are honored to have Lisa
Angel Oak Financial Strategies Income Term Trust Declares August 2025 Distribution
ATLANTA--(BUSINESS WIRE)---- $FINS--Angel Oak Financial Strategies Income Term Trust declares August 2025 Distribution.