Royal Bank of Canada

North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Martedì, Aprile 23, 2024
Toronto-Dominion Bank, National Bank of Canada, Wells Fargo, Great-West Lifeco, Bank of Montreal, Royal Bank of Canada, TSX, Bank, Bank of America, Scotiabank, Citigroup, National bank, JPMorgan Chase, Goldman Sachs, Commerce, Manulife, FFN, Sun Life Financial, Security (finance)

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (TSX: FFN FFN.PR.A) (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (TSX: FFN FFN.PR.A) (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • Since inception Class A shareholders have received a total of $16.38 per share and Preferred shareholders have received a total of $11.06 per share inclusive of this distribution, for a combined total of $27.45.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Dividend 15 Split Corp. II Regular Monthly Dividend Declaration for Preferred Share

Retrieved on: 
Martedì, Aprile 23, 2024
Toronto-Dominion Bank, National Bank of Canada, BCE Inc., TC Energy, Bank of Montreal, Royal Bank of Canada, Telus Corporation, TransAlta, National bank, Thomson Reuters, Bank, Commerce, Scotiabank, Prospectus, Sun Life Financial, Holding company

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04792 for each Preferred share.

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04792 for each Preferred share.
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • Since inception Class A shareholders have received a total of $14.80 per share and Preferred shareholders have received a total of $9.39 per share inclusive of this distribution, for a combined total of $24.19.
  • Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Canadian Banc Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Martedì, Aprile 23, 2024
VWAP, Toronto-Dominion Bank, National Bank of Canada, The Company, Policy, Bank of Montreal, Royal Bank of Canada, National bank, Bank, Commerce, Scotiabank

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13488 for each Class A share and $0.06667 for each Preferred share.

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13488 for each Class A share and $0.06667 for each Preferred share.
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • As a result, Class A shareholders of record on April 30, 2024 will receive a dividend of $0.13488 per share based on the VWAP of $10.79 payable on May 10, 2024.
  • Since inception Class A shareholders have received a total of $21.97 per share and Preferred shareholders have received a total of $10.37 per share inclusive of this distribution, for a combined total of $32.34.

Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Martedì, Aprile 23, 2024
Toronto-Dominion Bank, National Bank of Canada, Wells Fargo, Great-West Lifeco, Bank of Montreal, Royal Bank of Canada, Bank, Bank of America, Scotiabank, Citigroup, National bank, JPMorgan Chase, Goldman Sachs, Commerce, Manulife, Sun Life Financial, Security (finance)

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually).

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually).
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • Since inception Class A shareholders have received a total of $25.56 per share and Preferred shareholders have received a total of $11.51 per share inclusive of this distribution, for a combined total of $37.07.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

DIVIDEND 15 SPLIT CORP. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Martedì, Aprile 23, 2024
Toronto-Dominion Bank, National Bank of Canada, The Company, BCE Inc., TC Energy, Bank of Montreal, Royal Bank of Canada, Telus Corporation, TransAlta, National bank, Thomson Reuters, Bank, Commerce, Scotiabank, Sun Life Financial

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (The "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (The "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable May 10, 2024 to shareholders on record as at April 30, 2024.
  • Since inception Class A shareholders have received a total of $26.80 per share and Preferred shareholders have received a total of $10.67 per share inclusive of this distribution, for a combined total of $37.47.
  • Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Mattr Announces Closing of Its Credit Facility

Retrieved on: 
Lunedì, Aprile 22, 2024
CFO, ATB, ATB Financial, Royal Bank of Canada, TSX, Export Development Canada, JPMorgan Chase, Line of credit, Chase Bank, Royal Bank, Toronto-Dominion Bank, Bank

TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced that it has successfully closed on its credit facility (the “Credit Facility”) with The Toronto-Dominion Bank and National Bank Financial Markets as Co-Lead Arrangers and Joint Bookrunners, and Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial as lenders.

Key Points: 
  • TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced that it has successfully closed on its credit facility (the “Credit Facility”) with The Toronto-Dominion Bank and National Bank Financial Markets as Co-Lead Arrangers and Joint Bookrunners, and Royal Bank of Canada, JP Morgan Chase Bank, Export Development Canada and ATB Financial as lenders.
  • The Credit Facility extends the US$300 million senior secured revolving facility through April 2028.
  • “This new revolving facility combined with our recently executed bond placement and strong cash position gives Mattr the financial flexibility and balance sheet certainty to further accelerate the profitable growth of our businesses,” said Tom Holloway, Mattr’s SVP, Finance and CFO.
  • “We will remain opportunistic towards both organic and inorganic initiatives that we expect to create value for all shareholders.”

EP Wealth Advisors Adds Two-Person Team with Sports Focus

Retrieved on: 
Martedì, Aprile 30, 2024
Professional Services, Sports, Finance, Consulting, General Sports, Personal Finance, EP, NFL, PGA, Senior, Athlete, Trust, NHL, Sport, UFC, Royal Bank of Canada, Veteran

EP Wealth Advisors , a leading independent registered investment adviser (“RIA”) with an expanding national presence and client base, has added Joe Palumbo and Adam Fein as Senior Vice Presidents.

Key Points: 
  • EP Wealth Advisors , a leading independent registered investment adviser (“RIA”) with an expanding national presence and client base, has added Joe Palumbo and Adam Fein as Senior Vice Presidents.
  • Palumbo and Fein join EP from RBC Wealth Management, where they served as Vice President and Senior Financial Associate, respectively, in the Sports and Entertainment Practice Group.
  • EP advisors across the country serve a number of athletes, including PGA and NHL professionals.
  • “Joe and Adam share our vision of enriching lives by understanding and addressing the unique needs of athletes and other high-net-worth individuals,” said Ryan Parker, CEO of EP Wealth Advisors.

RBC iShares expands its suite of RBC Target Maturity Bond ETFs

Retrieved on: 
Mercoledì, Aprile 24, 2024
Prospectus, ETF, Investment, RBC, Royal Bank of Canada, Finance Secretary (India), Toronto Stock Exchange, Head, Royal Bank, IShares, Security (finance)

TORONTO, April 24, 2024 /CNW/ - RBC iShares today expanded its exchange traded fund ("ETF") lineup with the launch of six RBC Target Maturity U.S. Corporate Bond ETFs, as well as RBC Target 2030 Canadian Government Bond ETF and RBC Target 2030 Canadian Corporate Bond Index ETF.

Key Points: 
  • TORONTO, April 24, 2024 /CNW/ - RBC iShares today expanded its exchange traded fund ("ETF") lineup with the launch of six RBC Target Maturity U.S. Corporate Bond ETFs, as well as RBC Target 2030 Canadian Government Bond ETF and RBC Target 2030 Canadian Corporate Bond Index ETF.
  • New RBC Target Maturity U.S. Corporate Bond ETF suite
    With the new RBC Target Maturity U.S. Corporate Bond ETFs, RBC iShares is extending the coverage of the RBC Target Maturity Bond ETFs to the U.S. fixed income market, offering advisors and investors the same convenient portfolio diversification opportunities that its Canadian suite has offered investors for some time.
  • In addition, RBC GAM Inc. has extended the available maturities of the existing RBC Target Maturity Canadian Government Bond ETF and RBC Target Maturity Canadian Corporate Bond Index ETF suites by launching RBC Target 2030 Canadian Government Bond ETF and RBC Target 2030 Canadian Corporate Bond Index ETF.
  • RBC iShares are comprised of RBC ETFs managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited.

Royal Bank of Canada announces election of directors

Retrieved on: 
Giovedì, Aprile 11, 2024
Royal Bank, Royal Bank of Canada, TSX

TORONTO, April 11, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that the nominees listed in the Management Proxy Circular dated February 13, 2024, were elected as directors of Royal Bank of Canada at the Annual Meeting of Common Shareholders held earlier today.

Key Points: 
  • TORONTO, April 11, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that the nominees listed in the Management Proxy Circular dated February 13, 2024, were elected as directors of Royal Bank of Canada at the Annual Meeting of Common Shareholders held earlier today.
  • The detailed results of the vote for the election of directors are set out below.
  • Each of the following 13 nominees was elected as a Director.

Decomposing systemic risk: the roles of contagion and common exposures

Retrieved on: 
Martedì, Aprile 23, 2024
Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.