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Equity Commonwealth Agrees to Sell 1225 Seventeenth Street Plaza

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
CHICAGO--(BUSINESS WIRE)--Equity Commonwealth (NYSE: EQC) (“the Company”) announced today that it is under contract to sell its last remaining property, 1225 Seventeenth Street, a 709,402 square foot office property in Denver, Colorado, for a gross sale price of $132.5 million. The net purchase price is expected to be approximately $124.4 million after credits primarily for contractual lease costs. The buyer has completed due diligence, and the earnest money deposit is non-refundable. The sale

Mastercard Board of Directors Announces Quarterly Dividend

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard (NYSE: MA) announced that its Board of Directors has declared a quarterly cash dividend of 76 cents per share.

Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2024 Earnings Release Date and Conference Call

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its fourth quarter and full year 2024 financial results after the market close on Monday, February 24, 2025. The Company will also hold a conference call to discuss its financial results at 5:00 pm (Eastern Time) on the same day. The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the Monthly distribution for First Trust Income Opportunities ETF, a series of First Trust Exchange-Traded Fund VIII. The following dates apply to today's distribution declaration: Expected Ex-Dividend Date: February 11, 2025 Record Date: February 11, 2025 Payable Date: February 28, 2025 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   Fir

First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.10 Per Share

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.10 per share. The distribution will be payable on February 28, 2025, to shareholders of record as of February 24, 2025. The ex-dividend date is expected to be February 24, 2025. The quarterly distribution information for the Fund appears below. First Trust Specialty Finance and Financial Opportunities Fun

Northern Trust Leaders to Participate in RBC Capital Markets Global Financial Institutions Conference

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation announced today that Chief Financial Officer David Fox and Wealth Management President Jason Tyler will participate in the RBC 2025 Capital Markets Global Financial Institutions Conference in New York City on Tuesday, March 4, 2025, at 9:20 a.m. (ET). A live webcast of the event may be accessed via Northern Trust's website (www.northerntrust.com) in the investor relations section. A replay will be available for approximately four weeks after

SelectQuote Announces $350 Million Strategic Investment from Bain Capital, Morgan Stanley Private Credit and Newlight Partners

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
OVERLAND PARK, Kan.--(BUSINESS WIRE)--SelectQuote, Inc. (NYSE: SLQT) (the “Company”), a leading distributor of Medicare insurance policies and owner of a rapidly-growing healthcare services platform, today announced that the Company signed a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners. The transaction positions the Company to continue growing its healthcare services business, deepening its relationship with carrier p

Yext acquires Places Scout, Strengthens Competitive Intelligence and Benchmarking Capabilities

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
NEW YORK--(BUSINESS WIRE)--Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, today announced the acquisition of Places Scout, an industry-leading local SEO and location intelligence platform. Trusted by top experts and enterprise brands, Places Scout delivers real-time, location-based insights to assess performance, track competitors, and optimize visibility across every major search channel. The acquisition strengthens Yext’s ability to provide best-in-c

MPWR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Monolithic Power Systems, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Lastest from Businesswire - Mon, 02/10/2025 - 18:42
NEW YORK--(BUSINESS WIRE)---- $MPWR #ClassAction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Monolithic Power Systems, Inc. (“Monolithic Power Systems” or “the Company”) (NASDAQ: MPWR) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or o

Milliman analysis: Corporate pension funded ratio improves in January to new 27-month high

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today released the results of the latest monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. The funded ratio of the Milliman PFI plans climbed in January from 104.8% as of December 31, 2024, to 105.8% as of January 31, 2025. The rise was due in part to a 1.19% monthly market return, which surpassed the expected 0.52% and lifted plan assets by $9 b

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

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for February 2025 of $0.1223 per share, payable on March 3, 2025. Based on the Fund’s January 31, 2025 share price of $15.96 per share, the dividend represents an annualized yield of 9.20% 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 ap

Aviation Capital Group Announces Delivery of One Boeing 737-8 MAX to Air India Express

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- #acg--Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one Boeing 737-8 MAX aircraft to Air India Express. Featuring CFM International LEAP-1B engines, this is the second aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and Air India Express. ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraf

KBRA Assigns Preliminary Ratings to FREMF 2025-K759 and Freddie Mac Structured Pass-Through Certificate Series K-759

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2025-K759 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates (SPCs), Series K-759. FREMF 2025-K759 is an $857.5 million CMBS multi-borrower transaction. Freddie Mac will guarantee six classes of certificates issued in the underlying Series 2025-K759 securitization and will deposit the guaranteed underlying certificates

KBRA Assigns Preliminary Ratings to BMO 2025-C11

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of BMO 2025-C11, a $906.9 million CMBS conduit transaction collateralized by 63 commercial mortgage loans secured by 82 properties. The collateral properties are located throughout 14 MSAs, of which the three largest are New York (43.2%), Orange County (7.2%), and North - Central New Jersey (6.5%). The pool has exposure to most major property type with four types representing more than 10.

ONDA Family Law Celebrates Legal Assistant Earning Board Certification

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
DALLAS--(BUSINESS WIRE)--Orsinger, Nelson, Downing & Anderson, LLP (ONDA), one of the largest family law firms in Texas, is pleased to announce that legal assistant Melissa Hopkins has earned board certification as a family law paralegal from the Texas Board of Legal Specialization. “Our firm strives for the highest standards, and Melissa’s achievement further strengthens the exceptional service we provide to our clients every day,” said managing partner Scott Downing. “We appreciate and ad

Coventry: Flaws of Lapetus Life Expectancy Estimates Evaluated in New Study

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Coventry today announced the availability of a new study conducted by Professors Daniel Bauer and Nan Zhu, which revealed that life expectancy estimates produced by Lapetus Solutions, Inc. significantly understate the actual life expectancies of insureds. This serious flaw raises concerns about the accuracy of Lapetus’s mortality predictions, which could have significant repercussions for investors in life settlements. The study evaluates the accuracy of L

AM Best Assigns Credit Ratings to Mereo Insurance Limited

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Mereo Insurance Limited (Mereo) (Hamilton, Bermuda). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mereo’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The rati

Mereo Insurance Limited Launches into Attractive Reinsurance Market

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
HAMILTON, Bermuda--(BUSINESS WIRE)--Mereo Insurance Limited, a new reinsurance platform, has received an A- credit rating from AM Best, and begins operations this week in an attractive global property and casualty reinsurance market. The common equity was led by Susquehanna Private Equity Investments, LLLP, a member of the Susquehanna International Group of Companies, and The Andover Companies, with preferred equity provided by Ares Management Alternative Credit funds (“Ares”). This first close

FIS Named a Leader in 2025 Gartner Magic Quadrant for Retail Core Banking Systems, North America

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial technology, has been recognized by Gartner as a Leader in the 2025 Gartner Magic Quadrant for Retail Core Banking Systems, North America. This recognition further demonstrates FIS' comprehensive capabilities across the money lifecycle, underscoring its position as the leading technology provider in the banking ecosystem for safeguarding money at rest. FIS' core banking solutions operate within a widely configura

FINAL DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Sun Communities

Lastest from Businesswire - Mon, 02/10/2025 - 15:42
NEW YORK--(BUSINESS WIRE)---- $SUI #ClassAction--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sun Communities, Inc. (“Sun Communities” or the “Company”) (NYSE: SUI) and reminds investors of the February 10, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia

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