Lastest from Businesswire

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research assessing the potential exposure of our rated universe of consumer and commercial asset-backed securities (ABS) to the Los Angeles wildfires, which began on January 7. While the wildfires' full impact will not be known until they are contained, KBRA currently believes that negative rating actions, if any, will be limited across its universe of more than 1,000 rated ABS transactions. As events continue to unfold, our thoughts remain with the indi

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Innovid Corp. (NYSE: CTV) to Mediaocean. Under the terms of the proposed transaction, shareholders of Innovid will receive $3.15 in cash for each share of Innovid that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration unde

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Retail Opportunity Investments Corp. (NasdaqGS: ROIC) to Blackstone Inc. (NYSE: BX). Under the terms of the proposed transaction, shareholders of Retail Opportunity will receive $17.50 in cash for each share of Retail Opportunity that they own. KSF is seeking to determine whether this consideration and the pro

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 11 classes of notes issued by Pagaya AI Debt Grantor Trust 2025-1 and Pagaya AI Debt Trust 2025-1 (collectively “PAID 2025-1”), an unsecured consumer loan ABS transaction. PAID 2025-1 has initial hard credit enhancement levels of 87.15% for the Class A-1 Notes to 3.25% for the Class F Notes. Credit enhancement is comprised of overcollateralization, subordination (except for the Class F Notes), a cash reserve account funded at closin

NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 24, 2025 to file lead plaintiff applications in a securities class action lawsuit against Match Group, Inc. (NasdaqGS: MTCH), if they purchased the Company’s securities between May 2, 2023 and November 6, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for t

KNOXVILLE, Tenn.--(BUSINESS WIRE)--SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $9.6 million, or $0.57 per diluted common share, for the fourth quarter of 2024, compared to net income of $6.2 million, or $0.37 per diluted common share, for the fourth quarter of 2023, and compared to prior quarter net income of $9.1 million, or $0.54 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustments, t

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.91 for the quarter ended Dec. 31, 2024, compared to net income per diluted common share of $1.19 for the quarter ended Dec. 31, 2023, an increase of approximately 60.5 percent. Net income per diluted common share was $5.96 for the year ended Dec. 31, 2024, compared to $7.14 for the year ended Dec. 31, 2023, a decrease of approximately 16.5 percent. After con

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Singular Genomics Systems, Inc. (NasdaqCM: OMIC) to an affiliate of Deerfield Management Company, L.P. Under the terms of the proposed transaction, shareholders of Singular will receive $20.00 in cash for each share of Singular that they own. KSF is seeking to determine whether this consideration and the proce

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of 180 Degree Capital Corp. (NasdaqGM: TURN) and Mount Logan Capital Inc. Pursuant to the terms of the agreement, at the closing of the transaction, 180 Degree shareholders are expected to own approximately 40% of the combined company. KSF is seeking to determine whether the merger and the process that led to i

SALT LAKE CITY--(BUSINESS WIRE)--Utah First Credit Union is excited to announce Chad Dilley as its Chief Operating Officer (COO). With two decades of financial leadership, Chad has a proven record of innovative banking solutions, excellent customer and employee experiences, and business growth. His expertise uniquely positions him to further Utah First’s mission of providing personalized, judgment-free financial experiences that positively impact individuals and the community. “Chad’s demonstra

LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced today the establishment of its commercial paper program (the “Program”). Under the terms of the program, the Company may issue from time to time short-term, unsecured commercial paper notes (the “Notes”) under the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). Amounts available under the Program may be borrowed, repaid and re-borrow

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on February 18, 2025, to shareholders of record as of February 3, 2025. The ex-dividend date is expected to be February 3, 2025. The monthly distribution information for the Fund appears below. First Trust Intermediate Duration Preferred & Income Fund (FP

NEW YORK--(BUSINESS WIRE)--MFA Financial, Inc. (NYSE: MFA) plans to host a live audio webcast of its investor conference call on Wednesday, February 19, 2025, at 11:00 a.m. (Eastern Time) to discuss its fourth quarter 2024 financial results, which are scheduled to be announced earlier that day. The live audio webcast will be accessible to the general public over the internet at http://www.mfafinancial.com by clicking on the “News & Events” link on MFA’s home page. Earnings presentation mate

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. “We are pleased to a

GREEN BAY, Wis.--(BUSINESS WIRE)--Nicolet Bankshares, Inc. (NYSE: NIC) (“Nicolet”) announced fourth quarter 2024 net income of $34 million and earnings per diluted common share of $2.19, compared to net income of $33 million and earnings per diluted common share of $2.10 for third quarter 2024, and net income of $31 million and earnings per diluted common share of $2.02 for fourth quarter 2023. Net income for the year ended December 31, 2024 was $124 million and earnings per diluted common shar

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2024, after the market closes on Tuesday, February 11, 2025. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com. AIG will also host a conference call on Wednesday, February 12, 2025, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open

NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that the characterization of dividends for 2024 income tax reporting is as follows: SEVN Common Shares Dividend Allocation Per Share Declaration Dates Record Dates Paid/Payable Dates Dividends Per Share Ordinary Income Section 199A Dividend(1) Qualified Dividend(2) Total Capital Gain Unrecaptured Section 1250 Gain(3) Return of Capital 01/11/24 01/22/24 02/15/24 $0.35 $0.3500 $0.3500 $0.0000 $0.0000 $0.0000 $

NEWTON, Mass.--(BUSINESS WIRE)--Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows: Common Shares         Dividend Allocation Per Share     Section   Total Unrecaptured   Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Capital 01/11/24 01/22/24 02/15/24 $0.01 $0.0000 $0.0000

RYE, N.Y.--(BUSINESS WIRE)--Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) has determined that the Federal tax treatment for 2024 distributions to holders of its common shares of beneficial interest (CUSIP # 004239109) traded on the NYSE under the ticker symbol “AKR” is as follows: Record Payment Total Distribution Total Income Box 1a- Ordinary Box 1b- Qualified Box 5a– 199A Box 2a- Capital Gain Box 2b- Unrecaptured Section 1250 Box 2f- Section 897 Date Date Per Share Per Share Div

DEFIANCE, Ohio--(BUSINESS WIRE)--Premier Financial Corp. Announces Full Year 2024 Results