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KBRA Assigns AAA Rating to City of Dublin (OH) General Obligation (Limited Tax) Various Purpose Improvement and Refunding Bonds, Series 2025; Affirms Parity Bonds at AAA; Stable Outlook

Fri, 07/11/2025 - 18:02
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AAA to the City of Dublin, OH (the "City") General Obligation (Limited Tax) Various Purpose Improvement and Refunding Bonds, Series 2025. Concurrently, KBRA affirms the long-term rating of AAA for the City's outstanding parity General Obligation (Limited Tax) Various Purpose Improvement and Refunding Bonds. The Outlook is Stable. Key Credit Considerations The rating was assigned/affirmed because of the following key credit considerat

Capricor Therapeutics, Inc. (NASDAQ: CAPR) Securities Fraud Investigation; CAPR Investors Urged to Contact Award-Winning Firm, Gibbs Mura

Fri, 07/11/2025 - 18:02
OAKLAND, Calif.--(BUSINESS WIRE)---- $CAPR #CAPR--Shares of Capricor Therapeutics, Inc. plunged over 30% in intraday trading on Friday, July 11, 2025, after the U.S. Food and Drug Administration rejected the company’s Biologics License Application for its lead cell therapy candidate, Deramiocel, claiming that the application “does not meet the statutory requirement for substantial evidence of effectiveness” and lacks “certain outstanding items.” Gibbs Mura is investigating a potential Capricor Therapeutics, In

WSFS Financial Corp.’s A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital and Diversified Fee Revenue

Fri, 07/11/2025 - 18:02
WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS’ subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company’s primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt an

BlackRock Taxable Municipal Bond Trust (BBN) Announces Distribution Dates and an Increase to the Monthly Distribution Rate

Fri, 07/11/2025 - 18:02
NEW YORK--(BUSINESS WIRE)---- $BBN--BlackRock Taxable Municipal Bond Trust (the “Fund”) announced today an increase to its monthly distribution rate, driven by higher Fund earnings. The new annualized distribution rate is approximately 7% on BBN’s NAV. Shareholders will receive the higher distribution rate starting with the August 2025 distribution. Details are highlighted in the table below: Fund Name Ticker August 29, 2025 Distribution Change From Prior Distribution Percent Increase BlackRock Taxable

Orion Properties Inc. Announces Second Quarter 2025 Earnings Release and Webcast Dates

Fri, 07/11/2025 - 18:02
PHOENIX--(BUSINESS WIRE)--Orion Properties Inc. Announces Second Quarter 2025 Earnings Release and Webcast Dates

First Business Bank Announces Second Quarter 2025 Earnings Conference Call

Fri, 07/11/2025 - 18:02
MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq:FBIZ) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ended June 30, 2025. The conference call and webcast may contain forward-looking statements and other material information. Event: Earnings Conference Call – Second Quarter 2025 When: Friday, July 25, 2025 at 1:00 p.m. Central Time How: By co

AMERISAFE Named to Ward’s Property-Casualty Top Performers List for 17th Consecutive Year

Fri, 07/11/2025 - 18:02
DERIDDER, La.--(BUSINESS WIRE)--AMERISAFE NAMED TO WARD’S PROPERTY-CASUALTY TOP PERFORMERS LIST FOR 17TH CONSECUTIVE YEAR

Mesabi Trust Press Release

Fri, 07/11/2025 - 18:02
NEW YORK--(BUSINESS WIRE)--The Trustees of Mesabi Trust (NYSE:MSB) declared a distribution of twelve cents ($0.12) per Unit of Beneficial Interest payable on August 20, 2025 to Mesabi Trust Unitholders of record at the close of business on July 30, 2025. This compares to a thirty cents ($0.30) per Unit distribution declared for the same period last year. The Trustees’ announcement today of a twelve cents ($0.12) per Unit distribution, as compared to the thirty cents ($0.30) per Unit distributio

Eaton Vance Municipal Bond Fund Announces Tender Offer to Purchase up to 5% of Outstanding Shares

Fri, 07/11/2025 - 18:02
BOSTON--(BUSINESS WIRE)--Eaton Vance Municipal Bond Fund (NYSE American: EIM) (the “Fund”) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund’s then-outstanding common shares if, during the four-month measurement period beginning March 10, 2025 through July 9, 2025, the Fund’s common shares trade at an average discount to net asset value (“NAV”) of more than 7.5% (based upon the average of the difference between its volume-weighted average market price and N

Barings Global Short Duration High Yield Fund Announces July 2025 Monthly Distribution of $0.1223 per Share

Fri, 07/11/2025 - 18:02
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for July 2025 of $0.1223 per share, payable on August 1, 2025. Based on the Fund’s June 30, 2025 share price of $15.40 per share, the dividend represents an annualized yield of 9.53% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income. The dividend schedule appears

FRMO Corp. Announces New Board Chairman

Fri, 07/11/2025 - 18:02
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Murray Stahl will continue to serve as FRMO's Chief Executive Officer after resigning as Chairman of the Board.

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