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Court Confirms Genesis’s Chapter 11 Plan and Approves NYAG Settlement, Maximizing Recoveries for Creditors

Lastest from Businesswire - Fri, 05/17/2024 - 22:53
NEW YORK--(BUSINESS WIRE)--Genesis Global Holdco, LLC (“GGH”), Genesis Global Capital, LLC (“GGC”) and Genesis Asia Pacific Pte. Ltd. (“GAP”, together with GGH and GGC, “Genesis” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed the Company’s amended Plan of Reorganization (the “Plan”), as well as approved the previously announced settlement agreement with the New York State Office of the Attorney General

KBRA Assigns Preliminary Ratings to Service Experts Issuer 2024-1 LLC

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by Service Experts Issuer 2024-1 (“SE 2024-1”), a $268.577 million consumer lease ABS transaction. The preliminary ratings reflect initial credit enhancement level of 24.20% for the Class A notes, and 18.90% and for the Class B notes. Credit enhancement consists of overcollateralization, excess spread, a cash reserve account and subordination (except for the Class B notes). This transaction represents the

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Grocery Outlet Holding Corp. (GO)

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
NEW YORK--(BUSINESS WIRE)-- #Investigation--The law firm of Kirby McInerney LLP is investigating potential claims against Grocery Outlet Holding Corp. (“Grocery Outlet” or the “Company”) (NASDAQ: GO). The investigation concerns whether Grocery Outlet and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On May 7, 2024, Grocery Outlet issued a press release announcing its financial results f

KBRA Assigns Preliminary Ratings to OBX 2024-NQM8 Trust

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of mortgage-backed notes from OBX 2024-NQM8 Trust, a $723.1 million non-prime RMBS transaction. The underlying collateral, comprising 1,421 residential mortgages, is characterized by a notable concentration of alternative income documentation (91.3%) loans. Most of the loans are classified as non-qualified mortgages (Non-QM) (51.2%) or exempt (48.5%) from the Ability-to-Repay/Qualified Mortgage (ATR/QM) rule due to bei

BLUE INVESTOR ALERT: Kirby McInerney LLP Notifies bluebird bio, Inc. Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
NEW YORK--(BUSINESS WIRE)-- #Investigation--The law firm of Kirby McInerney LLP reminds investors of the May 28, 2024 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed on behalf of those who acquired bluebird bio, Inc. (“Blue” or the “Company”) (NASDAQ: BLUE) securities during the period of April 24, 2023 through December 8, 2023, inclusive (“the Class Period”). [Click here to learn more about the class action] On December 8, 2023, Blue announced that the Unite

CURO Group Holdings Corp. Announces Confirmation of Plan of Reorganization

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
GREENVILLE, S.C.--(BUSINESS WIRE)--CURO Group Holdings Corp. (OTC: CUROQ) (“CURO” or the “Company”) today announced that its Joint Prepackaged Plan of Reorganization (the “Plan”) was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”). The Plan received overwhelming support from existing stakeholders constituting (1) 100% of the Company’s Prepetition 1L Term Loan Claims and Prepetition 1.5L Notes Claims that voted on the Plan, (2)

Baron & Budd Attorneys Recognized by The National Law Journal 2024 Elite Trial Lawyers

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
DALLAS--(BUSINESS WIRE)--Baron & Budd is proud to share that the firm and multiple attorneys have been recognized by The National Law Journal for the 2024 Elite Trial Lawyers awards. President and Managing Shareholder Russell Budd was honored with the Lifetime Achievement award while attorneys Elizabeth Smiley and Noah Rich were awarded the Rising Stars of the Plaintiffs Bar. The firm is also a finalist in three categories: Consumer Protection, Environmental Protection, and Pharmaceutical L

TCW to Change Listing Exchange of ETFs to NYSE

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a leading global asset management firm, today announced that, effective May 30, 2024, the listing exchange for shares of each of the following series (each, an “ETF” and, collectively, the “ETFs”) of TCW ETF Trust (the “Trust”) will be changed from each ETF’s current listing exchange, as indicated below, to the floor of the New York Stock Exchange LLC (“NYSE”): ETF Ticker Current Exchange TCW Transform 500 ETF VOTE Cboe BZX Exchange, Inc. TCW Transfo

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Treace Medical Concepts, Inc. (TMCI)

Lastest from Businesswire - Fri, 05/17/2024 - 19:52
NEW YORK--(BUSINESS WIRE)-- #Investigation--The law firm of Kirby McInerney LLP is investigating potential claims against Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NASDAQ: TMCI). The investigation concerns whether Treace and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On May 7, 2024, Treace issued a press release reporting its financial results for the first quarter o

Barclays Bank PLC Announces Change to the Coupon Ex-Date for its iPath® Select MLP ETNs

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
NEW YORK--(BUSINESS WIRE)--Barclays Bank announces the definition of Coupon Ex-Date for its iPath Select MLP ETNs will be amended.

DWS Municipal Income Trust and DWS Strategic Municipal Income Trust Announce Annual Meeting of Shareholders

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
NEW YORK--(BUSINESS WIRE)--DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that the Annual Meeting of Shareholders for each Fund will be held on September 20, 2024 at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, Massachusetts. Holders of record of common shares and preferred shares of the Funds at the close of business on August 2, 2024 are entitled to vo

Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
LAS VEGAS--(BUSINESS WIRE)---- $AGREE #13_Percent_Cumulative_Preferred--Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

AGR Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avangrid, Inc. Is Fair to Shareholders

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Avangrid, Inc. (NYSE: AGR) to Iberdrola, S.A. for $35.75 per share is fair to Avangrid shareholders. Halper Sadeh encourages Avangrid 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 Avangrid and its board of di

Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) previously announced the following monthly distribution on March 1, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date ACV $0.18 May 10, 2024 May 13, 2024 May 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full, from net investment income and realized capital gains, or a combinat

Virtus Artificial Intelligence & Technology Opportunities Fund Discloses Sources of Distribution – Section 19(a) Notice

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on March 1, 2024: Ticker Amount of Distribution Ex-Date Record Date Payable Date AIO $0.15 May 10, 2024 May 13, 2024 May 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital g

Citigroup Announces $1.5 Billion Redemption of 4.140% Fixed Rate / Floating Rate Notes due 2025 and $500.0 Million Redemption of Floating Rate Notes due 2025

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $1,500,000,000 of its 4.140% Fixed Rate / Floating Rate Notes due 2025 (the “fixed rate / floating rate notes”) (ISIN: US172967NQ03), and the redemption, in whole, constituting $500,000,000 of its Floating Rate Notes due 2025 (the “floating rate notes” and, together with the fixed rate / floating rate notes, the “notes”) (ISIN: US172967NR85). The redemption date for the notes is May 24, 2024 (the “red

Xylem Inc. Declares Second Quarter Dividend of 36 Cents per Share

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
WASHINGTON--(BUSINESS WIRE)-- #LetsSolveWater--The Board of Directors of Xylem Inc. (NYSE: XYL), has declared a second quarter dividend of $0.36 per share payable on June 27, 2024, to shareholders of record as of May 30, 2024. About Xylem Xylem (XYL) is a leading global water technology company committed to solving the world’s critical water challenges with innovation and expertise. Our 23,000 diverse employees delivered combined pro forma revenue of $8.1 billion in 2023. We are creating a more sustainable world

Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on March 1, 2024: Amount of Distribution Ex-Date Record Date Payable Date $0.05 May 10, 2024 May 13, 2024 May 30, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders sho

Western Union Announces $0.235 Quarterly Dividend

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
DENVER--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable June 28, 2024, to stockholders of record at the close of business on June 14, 2024. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currenc

ISS Recommends Gildan Activewear Shareholders Vote the GOLD Proxy Card “FOR” ALL EIGHT of Browning West’s Director Candidates, Including Former CEO Glenn Chamandy

Lastest from Businesswire - Fri, 05/17/2024 - 16:52
LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”), which is a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”) and beneficially owns approximately 5.0% of the Company’s outstanding shares, today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that Gildan shareholders vote to elect all eight of Browning West’s highly qu

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