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Andersen Global Adds Member Firm in Botswana, Broadening Regional Coverage

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
SAN FRANCISCO--(BUSINESS WIRE)-- #africa--Andersen Global debuts the firm name in Botswana as AccPro Accountants becomes the latest member firm to join the organization.

AM Best Assigns Credit Ratings to Professionals Advocate Risk Retention Group, Inc.

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Professionals Advocate Risk Retention Group, Inc. (ProAd RRG) (Hunt Valley, MD), a new subsidiary of Medical Mutual Liability Insurance Society of Maryland (Med Mutual). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect ProAd RRG’s balance sheet strength, which AM Best assesses as strongest, as well as it

Mill City Ventures Announces $500 Million Equity Line Agreement to Accelerate Growth of Sui Treasury Strategy

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
WAYZATA, Minn.--(BUSINESS WIRE)--Mill City Ventures III, Ltd. ("Mill City" or the "Company") (NASDAQ: MCVT) today announced it has entered into an equity line agreement with A.G.P./Alliance Global Partners, as Investor, enabling Mill City to sell up to $500 million of the Company’s common stock at the Company’s sole discretion, subject to certain restrictions and closing conditions. Any proceeds from the equity line, which included no commitment fee, will be used to further the Company’s SUI tr

KBRA Releases Research – CMBS Loan Performance Trends: July 2025

Lastest from Businesswire - Fri, 08/01/2025 - 12:13
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the July 2025 servicer reporting period. The delinquency rate among KBRA-rated U.S. private label commercial mortgage-backed securities (CMBS) in July increased to 7.5% from 7.3% in June. However, the total delinquent plus current but specially serviced loan rate (collectively, the distress rate) only increased 7 basis points (bps) to 10.6%. The conduit mixe

AmTrust Announces Quarterly Cash Dividends on Preferred Stock

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
NEW YORK--(BUSINESS WIRE)--AmTrust Financial Services, Inc. (“AmTrust” or the “Company”) today announced that its Board of Directors has approved a cash dividend per share on the following series of non-cumulative preferred stock: Series Rate Dividend A       6.750 %       $ 0.421875 B       7.250 %       $ 0.453125 C       7.625 %       $ 0.476563 D       7.500 %       $ 0.468750 E       7.750 %       $ 0.484375 F       6.950 %       $ 0.434375 The preferred dividends will be payable September

Nacha’s Payments Innovation Alliance Seeks Public’s Help Fighting Scams Through Video Contest

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
RESTON, Va.--(BUSINESS WIRE)--Nacha’s Payments Innovation Alliance, a membership program bringing together diverse global stakeholders seeking to transform the payments industry, is accepting submissions for its Spotlight! Payments Video Challenge. Adults can win up to $6,500 for making a video that is 60 seconds or less that fits within this year’s theme, Stand Against Scammers. Now in its second year, the contest is designed to inform others about avoiding common financial scams targeted at c

VanEck Turns 70: Staying Ahead in a World That Never Stands Still

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
NEW YORK--(BUSINESS WIRE)--VanEck is celebrating its 70th anniversary.

PGIM expands fixed income ETF suite with launch of three actively managed corporate bond ETFs

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
NEWARK, N.J.--(BUSINESS WIRE)--New actively managed ETFs offer targeted exposure to short-, intermediate-, and long-term investment-grade corporate bonds

Marchex to Report Second Quarter 2025 Financial Results on Tuesday, August 12, 2025

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
SEATTLE--(BUSINESS WIRE)-- #AIsolutions--Marchex (NASDAQ: MCHX), which harnesses the power of AI and conversational intelligence to drive operational excellence and revenue acceleration, today announced that it will release financial results for the second quarter ended June 30, 2025, on August 12, 2025, at approximately 4:20 p.m. ET. At that time, Marchex will post the press release in the Press Center section of its corporate website (https://www.marchex.com/about-us/press/). Following the release, manageme

SABA Announces $0.058 Dividend

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
NEW YORK--(BUSINESS WIRE)--Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of $0.058 per share on July 31, 2025, payable on August 29, 2025 to shareholders of record as of August 11, 2025. Managed Distribution Plan. The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby t

BRW Announces $0.085 Dividend

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
NEW YORK--(BUSINESS WIRE)--Saba Capital Income & Opportunities Fund (NYSE: BRW) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of $0.085 per share on July 31, 2025, payable on August 29, 2025 to shareholders of record as of August 11, 2025. Managed Distribution Plan. The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the F

Performant Healthcare, Inc. Announces Preliminary Financial Results for Second Quarter 2025

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (the “Company” or “Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, today announced preliminary financial results for the second quarter of 2025. Second Quarter 2025 Results The Company currently expects to file its Form 10-Q for the quarter ended June 30, 2025 on August 7, 2025 and anticipates reporting second quarter revenues of approximately $37.

Performant Healthcare, Inc. to Be Acquired by Machinify

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
PLANTATION, Fla.--(BUSINESS WIRE)--Performant Healthcare, Inc. (Nasdaq: PHLT) (the “Company” or “Performant”), a leading provider of technology-enabled payment integrity, eligibility, and related analytics services, announced today its entry into a definitive agreement to be acquired by Machinify, a healthcare intelligence leader and portfolio company of New Mountain Capital, which has agreed to acquire Performant for approximately $670 million. Under the terms of the merger agreement, Performa

Mercer Advisors Expands in Florida With Addition of Family Wealth Planning Group

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
DENVER--(BUSINESS WIRE)--Mercer Advisors acquires Family Wealth Planning Group & its affiliate Family Wealth Tax Advisory, a Naples, Florida-based wealth and tax planning firm

Franklin Resources, Inc. Announces Third Quarter Results

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income1 of $92.3 million or $0.15 per diluted share for the quarter ended June 30, 2025, as compared to $151.4 million or $0.26 per diluted share for the previous quarter, and $174.0 million or $0.32 per diluted share for the quarter ended June 30, 2024. Operating income was $154.1 million for the quarter ended June 30, 2025, as compared to $145.6 million for the previous quarter and $22

Dextra Partners Closes Co-investment Fund VII at $825 Million Hard Cap

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
NEW YORK--(BUSINESS WIRE)--Dextra Partners, a multi-strategy private equity firm focused on the middle market, today announced the successful closing of Dextra Co-investment Fund VII at its $825 million hard cap. The fund significantly exceeded its initial $650 million target and brings Dextra’s total assets under management to approximately $5 billion. The fund attracted commitments from a global investor base including pensions, insurance companies, asset managers, family offices, and high ne

Lincoln National Corporation’s Board of Directors Declares Series C and Series D Preferred Stock Dividends

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared the following preferred stock dividends: Semi-annual dividend of $1,156.25 per share on the corporation’s 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/25th interest in a share of the preferred stock, holders of which will receive $46

Insperity Announces Second Quarter Results

Lastest from Businesswire - Fri, 08/01/2025 - 09:13
HOUSTON--(BUSINESS WIRE)--Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today reported results for the second quarter ended June 30, 2025. Insperity will be hosting a conference call today at 8:30 a.m. ET to discuss these results and our updated 2025 outlook and will be posting an accompanying presentation to its investor website at http://ir.insperity.com. Q2 average paid WSEEs up 1% to 309,115 Q2 revenues u

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