Lastest from Businesswire

BOSTON--(BUSINESS WIRE)--MFS announces closed end fund distributions for June 2025

HONG KONG--(BUSINESS WIRE)--Black Spade Acquisition II Co (the “Company”) today announced that, in connection with its proposed business combination (the “Business Combination”) with The Generation Essentials Group (“TGE”), it intends to voluntarily delist its units, Class A ordinary shares and warrants from The Nasdaq Stock Market LLC (“Nasdaq”), subject to the closing of the Business Combination. The Company’s decision to voluntarily delist its units, Class A ordinary shares and warrants from

LOS ANGELES--(BUSINESS WIRE)--The TCW Group, a leading global investment firm, today announced that it has launched the TCW Private Asset Income Fund (TPAY), a private asset-backed finance interval fund to provide exposure to asset-backed finance opportunities to a range of investor types. TPAY launches with over $450 million in subscription commitments, including an anchor commitment from Apollo S3 Credit Solutions. TPAY focuses on private lending opportunities that power the real economy, pro

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that Adam Smith, Partner and Co-Head of Credit & Markets, will present at the Morgan Stanley US Financials Conference 2025 on Tuesday, June 10, 2025 at 9:00 AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website shortly after the eve

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 June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025. 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 Preferr

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

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 June 30, 2025 to Series A cumulative preferred shareholders of record on June 12, 2025. 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 Prefer

PRINCETON, N.J.--(BUSINESS WIRE)--Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock for the second quarter of 2025. On an annualized basis the second quarter 2025 dividend of $0.30 equals $1.20 per share, an increase of $0.02 per share compared to the previous annualized dividend. The dividend is payable on July 14, 2025, to stockholders of record as of the close o

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora” or “we”), a significant shareholder of Forward Air Corporation (NASDAQ: FWRD) (“Forward Air” or the “Company”), today announced that a second independent proxy advisory firm, Glass, Lewis & Co. (“Glass Lewis”), has joined Institutional Shareholder Services Inc. (“ISS”), in recommending that Forward Air shareholders vote AGAINST the reelection of three members of the Board of Directors (the “Board”

BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 6/2/2025 Ex-Date – 6/13/2025 Record – 6/13/2025 Payable – 6/26/2025 Municipal Bond Funds:   Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 5/30/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $9.62 6.24% Eaton Vance Municipal Income Trust EVN $0.0513 - $10.25 6.01%     Tax

NEW YORK--(BUSINESS WIRE)--Braze (Nasdaq: BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced the successful completion of its previously announced acquisition of OfferFit, an AI decisioning company. After years of productive partnership as separate companies, Braze and OfferFit are moving quickly to deepen the integration of OfferFit's multi-agent decisioning engine into Braze's Customer Engagement Platform, all while accelerating Of

ROSEVILLE, Calif.--(BUSINESS WIRE)-- #asc606--RightRev, a leader in automated revenue management, today announced a strategic partnership with Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses. As part of the collaboration, RightRev’s revenue automation platform now integrates with Sage Intacct, providing a seamless flow of revenue data into Sage Intacct’s General Ledger to improve accuracy and efficiency. RightRev’s solution automates performance obl

EAU CLAIRE, Wis.--(BUSINESS WIRE)--Pemberton Personal Injury Law Firm is proud to announce the grand opening of its newest office in Eau Claire, celebrating alongside Gilbert Brown.

TYSONS, Va.--(BUSINESS WIRE)--pWin.ai, the only AI proposal-writing copilot built with Shipley best practices inside, today announced it has raised $10 million in a Seed financing round led by MicroStrategy co-founder Sanju Bansal, members of the Blue Delta Capital team and other Government Contracting (GovCon) industry leaders. This investment will accelerate pWin.ai’s product innovation, customer growth, and market expansion. “pWin.ai simplifies RFI and RFP response generation, empowering bus

LOWELL, Mass. & WESTON, Fla.--(BUSINESS WIRE)--UKG, a leading provider of HR, payroll, and workforce management solutions, today announced the acquisition of Shiftboard, a leading employee scheduling software platform for mission critical operations in the oil and gas, energy, and manufacturing industries. Trusted by BASF, Bridgestone, Daisy Brand, and Shell, Shiftboard helps organizations solve their complex workforce scheduling challenges, such as aligning their labor strategy with production

PHILADELPHIA--(BUSINESS WIRE)--Macquarie Asset Management today announced the successful closing of Market Street CLO Ltd. 1 (“Market Street 1”), a new-issue U.S. Collateralized Loan Obligation (CLO). The transaction represents Macquarie Asset Management’s first U.S. CLO issuance. The portfolio will invest in a pool of US broadly syndicated loans. “We are pleased to issue our inaugural US CLO, with strong investor demand across the capital structure,” said Vivek Bommi, Head of Leveraged Credit

LOS ANGELES--(BUSINESS WIRE)--TMCI Investors Have Opportunity to Lead Treace Medical Concepts, Inc. Securities Fraud Lawsuit with the Schall Law Firm

DALLAS--(BUSINESS WIRE)--Attorney and traffic safety expert Amy Witherite says that the numbers being used to justify testing of driverless trucks on Texas highways do not add up when it comes to proving these vehicles are safe to put on public highways. “Some of the statistics used to justify putting 80,000 pound 18-wheelers on Texas highways don’t add up when you consider the number of miles actually driven each year,” said Amy Witherite, founder of the Witherite Law Firm. “They are literally

BOSTON--(BUSINESS WIRE)--DataRobot, the agentic workforce platform, today announced that the company has been recognized by Gartner® as a Leader in the Magic Quadrant™ for Data Science and Machine Learning (DSML) Platforms for the second time.1 The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute. DataRobot helps organizations scale AI faster by making agents practical, cost-effective, and easy to adopt. With ready-to-us

CHICAGO--(BUSINESS WIRE)--Grant Thornton, one of America’s largest brands of professionals providing end-to-end audit, assurance, tax and advisory services, has named Rick Surett as its new chief financial officer (CFO). He will succeed Muhammad Bhayat, who is retiring after more than 20 years at Grant Thornton. Surett officially steps into the CFO role on June 2. He is an accomplished financial executive with nearly 30 years of experience across private equity backed companies, public markets