Trust

QCR Holdings, Inc. Completes Private Placements of Subordinated Notes

Retrieved on: 
Thursday, August 18, 2022 - 10:13pm

MOLINE, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the Company) today announced that it has completed private placements of $100million in aggregate principal amount subordinated notes.

Key Points: 
  • MOLINE, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- QCR Holdings, Inc. (NASDAQ: QCRH) (the Company) today announced that it has completed private placements of $100million in aggregate principal amount subordinated notes.
  • The private placements were issued in two separate tranches consisting of $45 million in aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes due September 2032 (the 2032 Notes) and $55 million in aggregate principal amount of Fixed-to-Floating Subordinated Notes due September 2037 (the 2037 Notes).
  • The Company intends to use the net proceeds from the private placements for general corporate purposes, which may include, but are not limited to, repurchasing shares of common stock.
  • Piper Sandler & Co. served as the sole placement agent for the offering of the 2032 Notes.

HBT Financial, Inc. Announces Chief Financial Officer Transition Plan

Retrieved on: 
Thursday, August 18, 2022 - 9:05pm

BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company), the holding company for Heartland Bank and Trust Company (Heartland Bank), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on December31, 2022, but will remain with Heartland Bank serving as Treasurer as a step in Mr. Dohertys eventual retirement from the Company.

Key Points: 
  • BLOOMINGTON, Ill., Aug. 18, 2022 (GLOBE NEWSWIRE) -- HBT Financial, Inc. (NASDAQ: HBT) (the Company), the holding company for Heartland Bank and Trust Company (Heartland Bank), today announced that Matthew J. Doherty, Executive Vice President and Chief Financial Officer, will step down from the Chief Financial Officer position on December31, 2022, but will remain with Heartland Bank serving as Treasurer as a step in Mr. Dohertys eventual retirement from the Company.
  • Peter Chapman, previously the Executive Vice President and Chief Financial Officer of Great Western Bancorp, Inc. (Great Western), will join the Company on October1, 2022, after relocating to the Bloomington, Illinois area, and assume the role of Chief Financial Officer on January1, 2023.
  • We have known Pete Chapman for several years, and we are very pleased that he will be succeeding Matt as our Chief Financial Officer.
  • As of June30, 2022, HBT had total assets of $4.2billion, total loans of $2.5billion, and total deposits of $3.7billion.

Annaly Capital Management, Inc. Announces Preferred Dividends

Retrieved on: 
Thursday, August 18, 2022 - 9:20pm

In accordance with the terms of Annalys 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series F Preferred Stock), the Board has declared a Series F Preferred Stock cash dividend for the third quarter of 2022 of $0.434375 per share of Series F Preferred Stock.

Key Points: 
  • In accordance with the terms of Annalys 6.95% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series F Preferred Stock), the Board has declared a Series F Preferred Stock cash dividend for the third quarter of 2022 of $0.434375 per share of Series F Preferred Stock.
  • In accordance with the terms of Annalys 6.50% Series G Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series G Preferred Stock), the Board has declared a Series G Preferred Stock cash dividend for the third quarter of 2022 of $0.40625 per share of Series G Preferred Stock.
  • In accordance with the terms of Annalys 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (Series I Preferred Stock), the Board has declared a Series I Preferred Stock cash dividend for the third quarter of 2022 of $0.421875 per share of Series I Preferred Stock.
  • Dividends for the Series F Preferred Stock, Series G Preferred Stock, and Series I Preferred Stock are payable on September 30, 2022 to preferred shareholders of record as of September 1, 2022.

Permianville Royalty Trust Announces Monthly Cash Distribution

Retrieved on: 
Thursday, August 18, 2022 - 9:15pm

Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico.

Key Points: 
  • Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico.
  • These forward-looking statements include the amount and date of any anticipated distribution to unitholders and expectations regarding the cash reserve for future development expenses.
  • The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period.
  • Low oil and natural gas prices will reduce profits to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

Sabra Health Care REIT, Inc. to Participate in Skilled Nursing News’ RETHINK Conference

Retrieved on: 
Thursday, August 18, 2022 - 9:05pm

Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Rick Matros, the companys Chair and Chief Executive Officer, will participate as a panelist in Skilled Nursing News RETHINK Conference on September 1, 2022 in Chicago, Illinois.

Key Points: 
  • Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Rick Matros, the companys Chair and Chief Executive Officer, will participate as a panelist in Skilled Nursing News RETHINK Conference on September 1, 2022 in Chicago, Illinois.
  • Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20220818005033/en/

Greenberg Traurig Texas Continues Growth; Adds Real Estate Of Counsel Richard A. Crow

Retrieved on: 
Thursday, August 18, 2022 - 9:15pm

HOUSTON , Aug. 18, 2022  /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP is strategically expanding its Real Estate Practice in Texas with the addition of Richard A. Crow as of counsel in its growing Houston office. Crow is Board Certified in Commercial Real Estate Law by the Texas Board of Legal Specialization and joins the firm from Clark Hill PLC.

Key Points: 
  • Global law firm Greenberg Traurig, LLP is strategically expanding its Real Estate Practice in Texas with the addition of Richard A.
  • HOUSTON, Aug. 18, 2022 /PRNewswire-PRWeb/ -- Global law firm Greenberg Traurig, LLP is strategically expanding its Real Estate Practice in Texas with the addition of Richard A.
  • "With a growing real estate market in Texas, it's imperative that our team stands ready to serve increased client demand," said Kent Newsome , chair of the firm's Texas Real Estate Practice.
  • About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry.

Teleperformance Certified as Great Place to Work® in Malaysia

Retrieved on: 
Thursday, August 18, 2022 - 7:59pm

NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Teleperformance, a leading global group in digitally integrated business services, announced that its Malaysia operations received the prestigious Great Place to Work® award. By being certified as a Great Place to Work® in Malaysia, Teleperformance has set a new standard for Malaysian Business Process Outsourcing (BPO) industry companies.

Key Points: 
  • NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Teleperformance , a leading global group in digitally integrated business services, announced that its Malaysia operations received the prestigious Great Place to Work award.
  • By being certified as a Great Place to Work in Malaysia, Teleperformance has set a new standard for Malaysian Business Process Outsourcing (BPO) industry companies.
  • "This is the third consecutive year that Teleperformance Malaysia is being certified as a great workplace.
  • With a top global priority of people care, over 97% of Teleperformance employees worldwide currently work in independently certified great employer operations.

Morgan Stanley at Work Enhances Technology to Deliver Time and Cost Savings to Stock Plan Administrators and Participants

Retrieved on: 
Thursday, August 18, 2022 - 7:00pm

Shareworks, a part of Morgan Stanley at Work, is provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.

Key Points: 
  • Shareworks, a part of Morgan Stanley at Work, is provided by Morgan Stanley Smith Barney LLC, member SIPC, and its affiliates, all wholly owned subsidiaries of Morgan Stanley.
  • Equity Edge Online employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc. which are part of Morgan Stanley at Work.
  • In connection with stock plan solutions offered by Morgan Stanley at Work, E*TRADE Securities LLC and Morgan Stanley Smith Barney LLC provide brokerage services to stock plan participants.
  • Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.

$14.4 Billion Worldwide Same Day Delivery Industry to 2027 - Featuring Amazon, Aramex and Deutsche Post Among Others

Retrieved on: 
Thursday, August 18, 2022 - 6:15pm

The global same day delivery market reached a value of US$ 4.84 Billion in 2021.

Key Points: 
  • The global same day delivery market reached a value of US$ 4.84 Billion in 2021.
  • Looking forward, the publisher expects the market to reach a value of US$ 14.46 Billion by 2027, exhibiting a CAGR of 20.01% during 2021-2027.
  • At present, same day delivery is commercially categorized based on varying types of transportation modes, such as airways, roadways, railways, and intermodal.
  • What is the structure of the global same day delivery market and who are the key players?

Gaslowitz Frankel Successfully Obtains an Order Granting Clients' Petition to Modify an Irrevocable Trust

Retrieved on: 
Thursday, August 18, 2022 - 6:05pm

ATLANTA, Aug. 18, 2022 /PRNewswire-PRWeb/ -- Two partners of Atlanta-based fiduciary litigation firm Gaslowitz Frankel LLC, Craig Frankel and LeAnne Gilbert, successfully obtained an order granting their clients' petition to modify an irrevocable trust by adding a provision to permit the beneficiaries to remove the trustee and replace him with a corporate trustee.

Key Points: 
  • ATLANTA, Aug. 18, 2022 /PRNewswire-PRWeb/ -- Two partners of Atlanta-based fiduciary litigation firm Gaslowitz Frankel LLC , Craig Frankel and LeAnne Gilbert, successfully obtained an order granting their clients' petition to modify an irrevocable trust by adding a provision to permit the beneficiaries to remove the trustee and replace him with a corporate trustee.
  • The arbitrator awarded damages to the petitioners, but opted not to remove the trustee.
  • Several years later, the trustee and beneficiaries were not communicating, and the trust was not functioning as the beneficiaries believed their deceased father, the trust grantor, intended.
  • "The modification statute allows beneficiaries to modify a trust to provide them with a no-fault mechanism for removing and replacing the trustee."