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Elda River Capital Management Completes Successful Spin-Out and Launch of Independent Real Assets Investment Firm

Fri, 03/01/2024 - 09:15
HOUSTON--(BUSINESS WIRE)--Elda River Capital Management, LLC (“Elda River”) announced today its launch as an independent real assets-focused investment firm. Elda River launched with approximately $1.5 billion in assets under management in a spin-out from Magnetar and has offices in Houston, Texas; Evanston, Illinois; and London, United Kingdom. Elda River is led by co-Managing Partners Eric Scheyer and Adam Daley, former partners at Magnetar and co-heads of Magnetar’s Energy & Infrastructu

I Squared wins Eight Infrastructure Investor Awards

Fri, 03/01/2024 - 09:15
MIAMI--(BUSINESS WIRE)--I Squared Capital, a leading independent global infrastructure investment manager, today announced the firm had won eight Infrastructure Investor Annual Awards. This includes global awards for Fund Manager of the Year, Mid-Market Investor of the Year, and Innovator of the Year. Gautam Bhandari, I Squared’s Chief Investment Officer and Managing Partner, won Personality of the Year. Sadek Wahba, Chairman & Founding Partner, I Squared said: “I am pleased that I Squared’

Newegg Marketplace Gets Sellers on Path to Success at the Prosper Show 2024

Fri, 03/01/2024 - 09:15
LAS VEGAS--(BUSINESS WIRE)---- $NEGG #ProsperShow--Newegg Marketplace makes its debut at the Prosper Show, exhibiting at Booth #1025 in Mandalay Bay Convention Center from March 4-6.

Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares

Fri, 03/01/2024 - 09:15
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on March 29, 2024 to Series A cumulative preferred shareholders of record on March 11, 2024. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Pref

Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ

Fri, 03/01/2024 - 09:15
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) and Virtus Convertible & Income Fund II (NYSE: NCZ) announced the following distributions on their respective common shares: Virtus Convertible & Income Fund: Ticker Amount of Distribution Ex-Date Record Date Payable Date NCV $0.034 March 8, 2024 March 11, 2024 March 28, 2024 NCV $0.034 April 10, 2024 April 11, 2024 April 29, 2024 NCV $0.034 May 10, 2024 May 13, 2024 May 30, 2024 NCV $0.034 June 13, 2024

Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares

Fri, 03/01/2024 - 09:15
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on March 29, 2024 to Series A cumulative preferred shareholders of record on March 11, 2024. The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Prefe

Endeavor Announces Q1 2024 Cash Dividend

Fri, 03/01/2024 - 09:15
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million. The dividend to Endeavor’s Class A common stockholders, following the distribution from Endeavor Operating Company to the Company, will be $0.06 per share. The dividend will be paid on March 29, 2024 to Class A common stockhold

Torgan Cooper + Aaron, P.C. Announces $72.5M Verdict for Woman Struck by MTA Bus

Fri, 03/01/2024 - 09:15
NEW YORK--(BUSINESS WIRE)--On February 22, 2024, following a three-week trial before the Honorable Eric Schumacher, a Manhattan jury returned a $72.5 million personal injury verdict against the MTA. Aurora Beauchamp was crossing Houston Street at Avenue D in the crosswalk when she was struck by an MTA bus. She was dragged underneath the bus for twenty feet before it came to rest on top of her legs. As a result of the accident, Ms. Beauchamp’s pelvis was crushed and the nerves to her leg were se

Soluna Inks Agreement with Noteholders to Bolster Balance Sheet Ahead of Halving

Fri, 03/01/2024 - 09:15
ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), the parent company of Soluna Computing, Inc. (“SCI”), a developer of green data centers for Bitcoin mining and other intensive computing applications, announced today the Company entered into a fourth amendment with the convertible noteholders to reprice certain warrants that would allow the Company to raise up to $3 million. In addition, the Company will be allowed to file an at-the-market offering (

Virtus Global Multi-Sector Income Fund Announces Distributions

Fri, 03/01/2024 - 09:15
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Global Multi-Sector Income Fund (NYSE: VGI) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.08 March 8, 2024 March 11, 2024 March 28, 2024 $0.08 April 10, 2024 April 11, 2024 April 29, 2024 $0.08 May 10, 2024 May 13, 2024 May 30, 2024 $0.08 June 13, 2024 June 13, 2024 June 27, 2024 The amounts of distributions reported in this notice are estimates only and are not being provided for tax repo

LMP Capital and Income Fund Inc. (SCD or “the Fund”; CUSIP: 50208A102) Announces Notification of Sources of Distributions

Fri, 03/01/2024 - 09:15
NEW YORK--(BUSINESS WIRE)--Category: Distribution Related

PROG Holdings and Infosys Forge Strategic Collaboration to Bring AI-Powered Experiences to Customers and Intelligent Automation to Operations

Fri, 03/01/2024 - 09:15
SALT LAKE CITY & BANGALORE, India--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, and Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an agreement that is expected to evolve and scale PROG Holdings’ technology operations as an integral part of the Company’s ongoing cloud- and AI-focused technology modernization and innovation efforts.

Fairfield County, Ohio Jury Awards Ten Women More Than $10 Million in Sexual Abuse Case

Fri, 03/01/2024 - 09:15
LANCASTER, Ohio--(BUSINESS WIRE)--Yesterday, a Lancaster jury awarded more than $10 million to ten former customers of a popular Lancaster holistic health spa who claimed massage therapist Matthew Schaitel sexually abused them during visits between 2019 and 2021. The 8-person jury deliberated two hours after a 9-day trial in which the women shared their accounts of the sexual abuse perpetrated by Schaitel, which included the use of inappropriate, sexually-driven touch on the women while claimin

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

Fri, 03/01/2024 - 09:15
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Diversified Income & Convertible Fund (NYSE: ACV) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.18 March 8, 2024 March 11, 2024 March 28, 2024 $0.18 April 10, 2024 April 11, 2024 April 29, 2024 $0.18 May 10, 2024 May 13, 2024 May 30, 2024 $0.18 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distrib

Big Think Capital Appoints Ami Dviri as Chief Marketing Officer

Fri, 03/01/2024 - 09:15
NEW YORK--(BUSINESS WIRE)--National business lending services company, Big Think Capital, has announced the appointment of Ami Dviri as chief marketing officer (CMO). In his role, Ami will lead all marketing functions, including brand, communications, merchant marketing, and partner marketing, reporting to the company’s president, David Brown. Ami joins Big Think Capital with 20 years of experience in senior marketing roles at Fortune 100 companies, including JP Morgan Chase, Deutsche Bank, and

Virtus Artificial Intelligence & Technology Opportunities Fund Announces Distributions and Discloses Sources of Distribution - Section 19(a) Notice

Fri, 03/01/2024 - 09:15
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.15 March 8, 2024 March 11, 2024 March 28, 2024 $0.15 April 10, 2024 April 11, 2024 April 29, 2024 $0.15 May 10, 2024 May 13, 2024 May 30, 2024 $0.15 June 13, 2024 June 13, 2024 June 27, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a

Alight to Present at Upcoming Investor Conferences

Fri, 03/01/2024 - 09:15
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that its Operating Chief Financial Officer, Jeremy Heaton, will represent the Company at the KeyBanc Emerging Technology Summit on Wednesday, March 6, 2024, and at the Bank of America Information & Business Services Conference on Thursday, March 14, 2024. The Company’s presentation at the KeyBanc Emerging Technology Summit will be h

Morgan Stanley Direct Lending Fund Announces December 31, 2023 Financial Results and Declares First Quarter 2024 Dividend of $0.50 per Share

Fri, 03/01/2024 - 09:15
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (NYSE: MSDL) (“MSDL” or the “Company”), a business development company externally managed by MS Capital Partners Adviser Inc. (the “Adviser”), today announced its financial results for the fourth quarter and fiscal year ended December 31, 2023. “MSDL generated record performance to complete 2023, positioning the Company well for its debut to the public markets,” said Jeffrey Levin, President and Chief Executive Officer of Morgan Stan

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