Corporate finance

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of INSTRUCTURE, INC - INST

Saturday, December 7, 2019 - 1:01am

Under the terms of the Merger, each share of Instructure common stock will automatically be converted into the right to receive $47.60 in cash for each share of Instructure common stock owned.

Key Points: 
  • Under the terms of the Merger, each share of Instructure common stock will automatically be converted into the right to receive $47.60 in cash for each share of Instructure common stock owned.
  • Click here for more information: https://www.monteverdelaw.com/case/instructure-inc .It is free and there is no cost or obligation to you.
  • Monteverde & Associates PC is a national class action securities and consumer litigation law firm that has recovered millions of dollars and is committed to protecting shareholders and consumers from corporate wrongdoing.
  • Monteverde & Associates lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions, whereby they protect investors by recovering money and remedying corporate misconduct.

Ellington Financial Declares Monthly Dividend of $0.14 Per Common Share and Announces Estimated Book Value Per Common Share of $18.51 as of November 30, 2019

Friday, December 6, 2019 - 11:16pm

The Company also announced its estimated book value per common share of $18.51 as of November 30, 2019.

Key Points: 
  • The Company also announced its estimated book value per common share of $18.51 as of November 30, 2019.
  • This estimate includes the effect of the previously announced monthly dividend of $0.14 per common share, payable on December 26, 2019 to holders of record on November 29, 2019, with an ex-dividend date of November 27, 2019.
  • Estimated book value per common share is subject to change upon completion of the Company's month-end valuation procedures relating to its investment positions, and any such change could be material.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

 Regions Financial Corporation Announces Results of Tender Offer for 3.200% Senior Notes due 2021

Friday, December 6, 2019 - 11:14pm

An additional $1,512,000 aggregate principal amount of its outstanding Notes were tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.

Key Points: 
  • An additional $1,512,000 aggregate principal amount of its outstanding Notes were tendered pursuant to the guaranteed delivery procedures described in the Tender Offer Documents.
  • Deutsche Bank Securities Inc., Barclays Capital, Inc., Goldman Sachs & Co. LLC and Regions Securities LLC served as Joint Dealer Managers for the tender offer.
  • This news release is neither an offer to purchase nor a solicitation of an offer to sell any securities.
  • In any jurisdiction where the laws require the tender offer to be made by a licensed broker or dealer, the tender offer will be made by the Joint Dealer Managers on behalf of Regions.

Dycom Industries, Inc. Announces Withdrawal of Proposed Senior Notes Offering

Friday, December 6, 2019 - 10:40pm

PALM BEACH GARDENS, Fla., Dec. 6, 2019 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) ("Dycom") announced today that due to market conditions it has decided not to proceed with its previously announced proposed offering of $300.0 million aggregate principal amount of senior notes due 2027 and its proposed repurchase of up to $275.0 million principal amount of its outstanding 0.75% convertible senior notes due 2021.

Key Points: 
  • PALM BEACH GARDENS, Fla., Dec. 6, 2019 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) ("Dycom") announced today that due to market conditions it has decided not to proceed with its previously announced proposed offering of $300.0 million aggregate principal amount of senior notes due 2027 and its proposed repurchase of up to $275.0 million principal amount of its outstanding 0.75% convertible senior notes due 2021.
  • The convertible note hedge transactions and warrant transactions entered into in connection with the initial issuance of the convertible senior notes will remain in place in their initial amount.
  • Dycom is a leading provider of specialty contracting services throughout the United States.
  • Additionally, Dycom provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

PIMCO Closed-End Funds Declare Special Year-End Distribution

Friday, December 6, 2019 - 9:48pm

It is important to note that differences exist between a Funds daily internal accounting records, a Funds financial statements prepared in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations.

Key Points: 
  • It is important to note that differences exist between a Funds daily internal accounting records, a Funds financial statements prepared in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations.
  • A Funds distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance, and other factors.
  • PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world.
  • 2019, PIMCO
    For information on PIMCO Closed-End Funds:

Watford Announces Declaration of Quarterly Dividend on Preference Shares

Friday, December 6, 2019 - 9:15pm

PEMBROKE, Bermuda, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Watford Holdings Ltd. ("Watford") (Nasdaq: WTRE) announced today that on December 31, 2019, it intends to pay to holders of record as of December 15, 2019 (the "Record Date") a quarterly dividend on its 8% Cumulative Redeemable Preference Shares, which trade on Nasdaq under the ticker symbol "WTREP" (the "Preference Shares").

Key Points: 
  • PEMBROKE, Bermuda, Dec. 06, 2019 (GLOBE NEWSWIRE) -- Watford Holdings Ltd. ("Watford") (Nasdaq: WTRE) announced today that on December 31, 2019, it intends to pay to holders of record as of December 15, 2019 (the "Record Date") a quarterly dividend on its 8% Cumulative Redeemable Preference Shares, which trade on Nasdaq under the ticker symbol "WTREP" (the "Preference Shares").
  • Pursuant to their terms, Watford intends to pay a quarterly dividend (the "4Q2019 Dividend") on the Preference Shares of $0.55245 per share on December 31, 2019 to holders of record of the Preference Shares who held such shares on the Record Date.
  • These forward-looking statements include statements regarding the expected timing of the 4Q2019 Dividend.
  • Watford disclaims any obligation to update these forward-looking statements because of new information, future events or circumstances or other factors.

A. H. Belo Corporation Announces First Quarter 2020 Dividend

Friday, December 6, 2019 - 9:30pm

DALLAS, Dec. 06, 2019 (GLOBE NEWSWIRE) -- A. H. Belo Corporation (NYSE: AHC) announced today that the Companys Board of Directors declared a quarterly cash dividend of $0.08 per share on December5, 2019.

Key Points: 
  • DALLAS, Dec. 06, 2019 (GLOBE NEWSWIRE) -- A. H. Belo Corporation (NYSE: AHC) announced today that the Companys Board of Directors declared a quarterly cash dividend of $0.08 per share on December5, 2019.
  • The dividend will be payable on March6, 2020 to shareholders of record at the close of business on February14, 2020.
  • A. H. Belo Corporation is the leading local news and information publishing company in Texas.
  • The Company has commercial printing, distribution and direct mail capabilities, as well as a presence in emerging media and digital marketing.

GCI Liberty, Inc. Declares Quarterly Cash Dividend

Friday, December 6, 2019 - 9:24pm

GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) today announced that its Board of Directors declared a quarterly cash dividend of $0.43750001 per share of Series A Cumulative Redeemable Preferred Stock (the Preferred Stock), payable in cash on January 15, 2020 to stockholders of record of the Preferred Stock at the close of business on December 31, 2019.

Key Points: 
  • GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) today announced that its Board of Directors declared a quarterly cash dividend of $0.43750001 per share of Series A Cumulative Redeemable Preferred Stock (the Preferred Stock), payable in cash on January 15, 2020 to stockholders of record of the Preferred Stock at the close of business on December 31, 2019.
  • GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) operates and owns interests in a broad range of communications businesses.
  • GCI Libertys principal assets consist of its subsidiary GCI and interests in Charter Communications and Liberty Broadband Corporation.
  • GCI Libertys other businesses and assets consist of its subsidiary Evite and its interest in Lending Tree.

DWS Municipal Income Trust and DWS Strategic Municipal Income Trust Declare Capital Gain Distribution

Friday, December 6, 2019 - 10:00pm

Credit risk refers to the ability of an issuer to make timely payments of principal and interest.

Key Points: 
  • Credit risk refers to the ability of an issuer to make timely payments of principal and interest.
  • Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • DWS Strategic Municipal Income Trust.

Ventas Declares Fourth Quarter 2019 Dividend

Friday, December 6, 2019 - 9:30pm

Ventas, Inc. (NYSE: VTR) (Ventas or the Company) has declared a regular quarterly dividend of $0.7925 per share, payable in cash on January 13, 2020 to stockholders of record on January 2, 2020.

Key Points: 
  • Ventas, Inc. (NYSE: VTR) (Ventas or the Company) has declared a regular quarterly dividend of $0.7925 per share, payable in cash on January 13, 2020 to stockholders of record on January 2, 2020.
  • The dividend is the fourth quarterly installment of the Companys 2019 annual dividend.
  • Ventas, Inc., an S&P 500 company, is a leading real estate investment trust.
  • References to Ventas or the Company mean Ventas, Inc. and its consolidated subsidiaries unless otherwise expressly noted.