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Morgan Stanley China A Share Fund, Inc. Announces Tender Offer
NEW YORK--(BUSINESS WIRE)--Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”) announced today that its Board of Directors has approved a tender offer to acquire in exchange for cash up to 20 percent of the Fund’s outstanding shares at a price equal to 98.5 percent of the Fund’s net asset value per share (“NAV”) (net of expenses related to the tender offer) as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the business day immediately following the day t
KBRA Assigns AA+ Rating to State of Connecticut General Obligation Bonds 2024 Series A, B and C; Affirms Rating for Parity Bonds
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Connecticut: General Obligation Bonds (2024 Series A); General Obligation Bonds (2024 Series B) (Social Bonds); and, General Obligation Refunding Bonds (2024 Series C) (Social Bonds). KBRA additionally affirms the long-term rating of AA+ with a Stable Outlook for the State's outstanding General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit con
HighRadius appoints Greg McStravick as the new Chief Revenue Officer
HOUSTON--(BUSINESS WIRE)--HighRadius, the leading provider of Autonomous Finance software for Order-to-Cash, Treasury, and Record-to-Report, today announced that Greg McStravick has joined as the Chief Revenue Officer. McStravick has led Go-To-Market teams in technology software for over 20 years. Before HighRadius, he was FIS’ Chief Revenue Officer for Banking and Capital Markets. Before FIS, Greg served as the General Manager of Database and Data Management at SAP (S/4 HANA), responsible for
AM Best Assigns Issue Credit Rating to Fairfax Financial Holdings Limited’s Senior Unsecured Notes
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb+” (Good) to the recently issued $400 million 6% senior unsecured notes, due December 2033 of Fairfax Financial Holdings Limited (Fairfax) (Toronto, Canada). The outlook assigned to the Credit Rating (rating) is stable. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances are unchanged. Fairfax intends to use subst
KBRA Assigns Preliminary Ratings to FIGRE Trust 2023-HE3 (FIGRE 2023-HE3)
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to four classes of mortgage-backed notes from FIGRE Trust 2023-HE3 (FIGRE 2023-HE3), a $195.8 million RMBS transaction, sponsored by Figure Lending LLC (Figure), comprising first lien (5.8%), second lien (90.7%), and third lien (3.5%) home equity lines of credit (HELOCs) loans. The underlying pool is seasoned two months and consists of 2,682 draws on 2,586 lines of credit (the loans) originated by Figure. All the loans in the pool are
Reminder for Olo Inc. Investors: Contact Robbins LLP for Information About Your Rights
SAN DIEGO--(BUSINESS WIRE)---- $OLO #OloInc--Class Action Lawsuit Against Olo Inc. Allowed to Proceed
Clever Leaves Holdings Inc. Investor Reminder: Robbins LLP is Investigating Clever Leaves Holdings Inc. on Behalf of Investors
SAN DIEGO--(BUSINESS WIRE)---- $CLVR #CleverLeavesHoldingsInc--Clever Leaves Holdings Inc. Investor Reminder: Robbins LLP is Investigating Clever Leaves Holdings Inc. on Behalf of Investors
KBRA Assigns Preliminary Ratings to NJ 2023-GSP
NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA announces the assignment of preliminary ratings to three classes of NJ 2023-GSP, a CMBS single-borrower securitization. The collateral for the transaction is a $425.0 million portion of a $525.0 million non-recourse, first lien mortgage loan that is expected to be originated by Goldman Sachs Bank USA (GS Bank), German American Capital Corporation (GACC), and Natixis Real Estate Capital, LLC (NREC) on or about December 11, 2023. The fixed rate loan has a five-year
Navy Federal Credit Union Auto Lending Tops its 2022 Score for Overall Satisfaction
VIENNA, Va.--(BUSINESS WIRE)--Navy Federal's overall satisfaction score was 917 on a 1,000-point scale, scoring highest among non-ranked mass market lenders.
Dan Berry Joins Alliant Insurance Services as Venture Capital Leader, Executive Vice President; Strengthens M&A/Private Equity Specialty
IRVINE, Calif.--(BUSINESS WIRE)-- #Alliant--Dan Berry has joined Alliant Insurance Services as Venture Capital Leader, Executive Vice President, Alliant M&A.
AM Best Affirms Credit Ratings of Chubb Limited and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the subsidiaries of Chubb Limited (Zurich, Switzerland) [NYSE: CB], which includes the members of the Chubb US Group of Insurance Companies (Chubb US Group), as well as Chubb Bermuda Insurance Ltd. (Chubb Bermuda) (Bermuda) and Chubb Tempest Reinsurance Ltd. (Chubb Tempest Re) (Bermuda) and their members. In add
Transition Industries LLC and IFC announce agreement to develop net-zero world-scale methanol project in Sinaloa, Mexico
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Transition Industries and IFC announce agreement to develop net-zero world-scale methanol project in Mexico
Building on Decades of Success, Incenter Mortgage Advisors Expands Capital Markets and Advisory Services
DENVER & PHILADELPHIA & JACKSONVILLE, Fla.--(BUSINESS WIRE)-- #CapitalMarkets--Incenter Mortgage Advisors has rebranded as Incenter Capital Advisors with expanded capital markets services.
Franklin Universal Trust (“FT” or the “Fund”) Announces Distribution
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Universal Trust [NYSE: FT] today announced a monthly distribution from net investment income of $0.0425 per share, payable on December 29, 2023, to shareholders of record on December 18, 2023 (Ex-Dividend Date: December 15, 2023). The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. Distributi
Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Distribution
SAN MATEO, Calif.--(BUSINESS WIRE)--FRANKLIN LIMITED DURATION INCOME TRUST [NYSE American: FTF] today announced a monthly distribution from net investment income of $0.0582 per share, payable on December 29, 2023, to shareholders of record on December 18, 2023 (Ex-Dividend Date: December 15, 2023). The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan pursuant to which the Fund makes monthly distributions to shareholders at an annual minimum fixed rate of 10%, ba
Winston & Strawn and Hagens Berman File Landmark Antitrust Class Action Challenging NCAA “Amateurism” Ban on Athlete Compensation
SAN FRANCISCO--(BUSINESS WIRE)--Winston & Strawn LLP and Hagens Berman today filed a new antitrust class action today in the Northern District of California against the NCAA and the five power conferences (Big Ten, SEC, Pac-12, ACC, and Big 12). The firms also won the Alston v. NCAA in the Supreme Court and are currently prosecuting both the House v. NCAA and Hubbard v. NCAA antitrust class actions. The newly filed lawsuit challenges the NCAA’s anticompetitive “pay-for-play” rules and reque
Templeton Global Income Fund (“GIM” or the “Fund”) Announces Distribution
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Global Income Fund [NYSE: GIM] today announced a total distribution from net investment income of $0.0987 per share comprised of a regular monthly distribution of $0.0288 and a special distribution of $0.0699 to meet excise tax requirements, payable on December 29, 2023, to shareholders of record on December 18, 2023 (Ex-Dividend Date: December 15, 2023). The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan pursu
Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Distribution
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Emerging Markets Income Fund [NYSE: TEI] today announced a monthly distribution from net investment income of $0.0462 per share, payable on December 29, 2023, to shareholders of record on December 18, 2023 (Ex-Dividend Date: December 15, 2023). The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan pursuant to which the Fund makes monthly distributions to shareholders at an annual minimum fixed rate of 10%, based o
Templeton Emerging Markets Fund, Inc. (“EMF”) Announces Distribution
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Templeton Emerging Markets Fund, Inc. (NYSE: EMF) today announced a distribution from net investment income of $0.7270 per share, payable on December 29, 2023, to shareholders of record on December 18, 2023 (Ex-Dividend Date: December 15, 2023). Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients
Redfin Launches AI-Powered Tool to Redesign Listing Photos
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Today Redfin (redfin.com) launched Redfin Redesign, an AI-powered tool that lets consumers change the appearance of walls, floors and countertops in home photos. Powered by Roomvo (roomvo.com), a leading home visualization platform, the feature empowers home searchers to envision the potential of a home, identify which homes they are serious about touring or buying, and experiment with design styles. The feature is available for all active Redfin listi