Legal entities

Office Properties Income Trust Announces Quarterly Dividend on Common Shares

Retrieved on: 
Thursday, July 16, 2020
Commercial Building & Real Estate, Construction & Property, REIT, Finance, Money, Economy, Legal entities, Real estate investment trust, Dividend, Real estate investing, Investment trust, Income trust, Share, Trust law

Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.55 per common share ($2.20 per share per year).

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced a regular quarterly cash distribution on its common shares of $0.55 per common share ($2.20 per share per year).
  • Office Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing buildings primarily leased to single tenants and those with high credit quality characteristics like government entities.
  • For example, this press release states that OPIs dividend rate will be $0.55/share per quarter or $2.20/share per year.
  • A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.

GBLI Holdings, LLC to Redeem 7.75% Subordinated Notes due 2045

Retrieved on: 
Wednesday, July 15, 2020
Legal entities, Corporate taxation in the United States, Limited liability company, Cynwyd

BALA CYNWYD, Pa., July 15, 2020 (GLOBE NEWSWIRE) -- GBLI Holdings, LLC, a Delaware limited liability company and a subsidiary of Global Indemnity Limited (Nasdaq: GBLI), today announced that it will redeem all of GBLI Holdings, LLCs outstanding 7.75% Subordinated Notes due 2045 (CUSIP No.

Key Points: 
  • BALA CYNWYD, Pa., July 15, 2020 (GLOBE NEWSWIRE) -- GBLI Holdings, LLC, a Delaware limited liability company and a subsidiary of Global Indemnity Limited (Nasdaq: GBLI), today announced that it will redeem all of GBLI Holdings, LLCs outstanding 7.75% Subordinated Notes due 2045 (CUSIP No.
  • On the Redemption Date, GBLI Holdings, LLC will pay to the registered holders of the Notes a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date.
  • As of July 15, 2020, $100,000,000 aggregate principal amount of the Notes were outstanding.
  • Holders of the Notes should refer to the notice of redemption delivered to the registered holders of the Notes by Wells Fargo Bank, National Association, the trustee with respect to the Notes.

Summit Partners Announces Five New Hires

Retrieved on: 
Tuesday, July 14, 2020
Banking, Professional services, Finance, Summit Partners, Legal entities, Limited liability partnership, Companies, Organizations

Summit Partners , a global alternative investment firm, today announced the addition of five senior professionals to the Summit team.

Key Points: 
  • Summit Partners , a global alternative investment firm, today announced the addition of five senior professionals to the Summit team.
  • We are thrilled to welcome such a talented group of individuals to Summit, said Peter Chung , Managing Director and Chief Executive Officer of Summit Partners.
  • In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority.
  • This document is intended solely to provide information regarding Summit Partners potential financing capabilities for prospective portfolio companies.

ACP Completes Growth Capital Investment in WilliamsMarston LLC

Retrieved on: 
Tuesday, July 14, 2020
Professional services, Engineering, Chemicals, Plastics, Manufacturing, Finance, Consulting, Banking, Partnerships, Limited liability partnership, Companies, Organizations, Legal entities

Align Capital Partners (ACP) is pleased to announce it has made a growth capital investment in WilliamsMarston LLC (WilliamsMarston or the Firm), an accounting advisory and management consulting firm with offices in Boston and New York.

Key Points: 
  • Align Capital Partners (ACP) is pleased to announce it has made a growth capital investment in WilliamsMarston LLC (WilliamsMarston or the Firm), an accounting advisory and management consulting firm with offices in Boston and New York.
  • WilliamsMarston was advised on the transaction by BellMark Partners and K&L Gates LLP, while ACP was advised by Kirkland & Ellis LLP.
  • With a growing team of talented professionals, WilliamsMarston is the CFOs trusted advisor through transformation and growth.
  • ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas.

FMS-WM announces public tender offer for DEPFA

Retrieved on: 
Tuesday, July 14, 2020
Financial services, Economy, Finance, Depfa Bank, Hypo Real Estate, Legal entities, Bank, Insider trading

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Issued on behalf of DEPFA BANK plc and its wholly owned subsidiary, DEPFA ACS BANK DAC, in respect of the outstanding listed debt instruments identified below.
  • This announcement may include a communication of inside information for the purposes of the Market Abuse Regulation (EU) No.
  • 596/2014.

FMS-WM announces public tender offer for DEPFA 

Retrieved on: 
Tuesday, July 14, 2020
Financial services, Economy, Finance, Depfa Bank, Hypo Real Estate, Legal entities, Bank, Insider trading

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Issued on behalf of DEPFA BANK plc and its wholly owned subsidiary, DEPFA ACS BANK DAC, in respect of the outstanding listed debt instruments identified below.
  • This announcement may include a communication of inside information for the purposes of the Market Abuse Regulation (EU) No.
  • 596/2014.

TOGA Limited Names Marcum LLP as Auditor

Retrieved on: 
Monday, July 13, 2020
Dresses, Toga, Audit, Limited liability partnership, Companies, Legal entities

LAS VEGAS, July 13, 2020 (GLOBE NEWSWIRE) -- TOGA LIMITED (OTC: TOGL) (Toga or the Company) is pleased to announce that it has engaged Marcum LLP as its new independent registered public accounting firm to replace Pinnacle Accountancy Group of Utah.

Key Points: 
  • LAS VEGAS, July 13, 2020 (GLOBE NEWSWIRE) -- TOGA LIMITED (OTC: TOGL) (Toga or the Company) is pleased to announce that it has engaged Marcum LLP as its new independent registered public accounting firm to replace Pinnacle Accountancy Group of Utah.
  • The change of the Companys independent registered public accounting firm was approved by the Audit Committee of its Board of Directors on July 10, 2020

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Wednesday, July 8, 2020
Banking, Professional services, Finance, Economy, Tax, Money, Income tax in the United States, Income tax, Alternative minimum tax, Taxation in Canada, Legal entities, State taxation in the United States, International taxation, Taxation in the United States, Corporate tax in the United States

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.

Key Points: 
  • 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.
  • 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.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

DGAP-News: Molecular Partners AG: Molecular Partners Successfully Completes the Launch of a Private Placement of 5,528,089 Shares by way of an Accelerated Bookbuilding

Retrieved on: 
Tuesday, July 7, 2020
Companies, Finance, SVB Leerink, Molecular Partners, DARPin, Legal entities, Van Lanschot, Cowen, Credit Suisse, Limited liability company, Pre-emption right, ING Group

The New Shares will be issued from existing authorized share capital of the company under exclusion of the existing shareholders' pre-emptive rights.

Key Points: 
  • The New Shares will be issued from existing authorized share capital of the company under exclusion of the existing shareholders' pre-emptive rights.
  • SVB Leerink LLC, Cowen and Company, LLC, Credit Suisse AG and Van Lanschot Kempen Wealth Management N.V. acted as Joint Bookrunners.
  • The New Shares are expected to be listed and admitted to trading on SIX Swiss Exchange as of July 9, 2020.
  • Molecular Partners has formed partnerships with leading pharmaceutical companies to advance DARPin(R) therapeutics across multiple therapeutic areas.

MV Oil Trust Announces There Will Be No Trust Second Quarter Distribution

Retrieved on: 
Monday, July 6, 2020
Oil, Gas, Energy, Legal entities, Common law, Equity, Inheritance, Trust law, Law, Royalty trust, Private law, Social Security Trust Fund

Oil prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.

Key Points: 
  • Oil prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.
  • Low oil prices and other factors have reduced net proceeds to which the Trust is entitled, and there are not sufficient net proceeds for MV Oil Trust to make a payment for the scheduled quarterly distribution in July 2020.
  • MV Partners has applied funds from the reserve for future expenditures to cover the Trust deficit.
  • The Trustee will use cash reserves from the provision for estimated Trust expenses provided in the first quarter distribution to pay current Trust administrative expenses.