Equity securities

INVESTORS BANCORP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of ISBC and Encourages Investors to Contact the Firm

Retrieved on:

Thursday, July 29, 2021

Corporate finance, Finance, Financial economics, Financial markets, Equity securities, Stock market, Common stock, Stock, Mergers and acquisitions, Citigroup

On July 28, 2021, Investors announced that it had entered into an agreement to merge with Citizens in a deal valued at approximately $3.5 billion.

Key Points:

On July 28, 2021, Investors announced that it had entered into an agreement to merge with Citizens in a deal valued at approximately $3.5 billion.
Pursuant to the merger agreement, Investors stockholders will receive 0.297 shares of Citizens common stock and $1.46 in cash for each share of Investors common stock owned.
Bragar Eagel & Squire is concerned that Investors board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Investors stockholders.

Infrastructure and Energy Alternatives, Inc. Announces Pricing of its Public Offering of $175 million of Common Stock and Pre-Funded Warrants

Retrieved on:

Thursday, July 29, 2021

Corporate finance, Financial economics, Equity securities, Finance, Money, Stock market, Options, Warrant, Stock

At closing, IEA will issue 8,161,502 shares of its common stock and, pre-funded warrants to purchase 7,747,589 additional shares of its common stock.

Key Points:

At closing, IEA will issue 8,161,502 shares of its common stock and, pre-funded warrants to purchase 7,747,589 additional shares of its common stock.
There is no established public trading market for the pre-funded warrants and IEA does not expect a market to develop.
The underwriting discounts and commissions for shares of common stock and pre-funded warrants purchased by public investors will be $0.66 per share of common stock and be approximately $0.66 per pre-funded warrant.
The underwriters will not receive any discount or commissions on shares of common stock or pre-funded warrants purchased by ASOF or its affiliates.

Atlantic Union Bankshares Corporation Declares Quarterly Common Stock Dividend and Preferred Stock Dividend

Retrieved on:

Thursday, July 29, 2021

Financial markets, Finance, Financial economics, Equity securities, Corporate finance, Stock market, Dividends, Dividend yield, Preferred stock, Common stock, Yield, Stock

Based on the Companys common stock closing price of $35.77 on July 28, 2021, the dividend yield is approximately 3.1%.

Key Points:

Based on the Companys common stock closing price of $35.77 on July 28, 2021, the dividend yield is approximately 3.1%.
The common stock dividend is payable on August 27, 2021 to common shareholders of record as of August 13, 2021.
The Board also declared a quarterly dividend on the outstanding shares of the Companys 6.875% Perpetual Non-Cumulative Preferred Stock, Series A (the Series A preferred stock).
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (Nasdaq: AUB) is the holding company for Atlantic Union Bank.

HealthCare Royalty, Inc. Launches Initial Public Offering

Retrieved on:

Thursday, July 29, 2021

Financial markets, Finance, Financial economics, Corporate finance, Stock market, Equity securities, Initial public offering, Stock, Par value, NASDAQ, Common stock, Public offering

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- HealthCare Royalty, Inc. (together with its subsidiaries, HCR or the Company) today announced that it has commenced the roadshow for its initial public offering of46,875,000 shares of its Class A common stock, par value $0.01 per share (Class A Common Stock), at an anticipated public offering price between $15.00 and $17.00 per share.

Key Points:

NEW YORK, July 29, 2021 (GLOBE NEWSWIRE) -- HealthCare Royalty, Inc. (together with its subsidiaries, HCR or the Company) today announced that it has commenced the roadshow for its initial public offering of46,875,000 shares of its Class A common stock, par value $0.01 per share (Class A Common Stock), at an anticipated public offering price between $15.00 and $17.00 per share.
HCR is offering 31,250,000 shares of Class A Common Stock, and the selling stockholder is offering an additional 15,625,000 shares of Class A Common Stock.
The Companys Class A Common Stock is expected to be listed for trading on the Nasdaq Global Market under the symbol HCRX.
Siebert Williams Shank, Cabrera Capital Markets LLC and Drexel Hamilton are acting as co-managers for the proposed offering.

TC Energy declares quarterly dividends

Retrieved on:

Thursday, July 29, 2021

Financial markets, Finance, Stock market, Corporate finance, Equity securities, Shareholders, Dividends, Preferred stock, Share

An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

Key Points:

An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.
Common shares purchased with reinvested cash dividends under TC Energys Dividend Reinvestment and Share Purchase Plan (DRP) will be acquired on the Toronto Stock Exchange at 100 per cent of the weighted average purchase price.
The DRP is available for dividends payable on TC Energys common and preferred shares.
Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook.

Preferred Apartment Communities, Inc. Announces Redemption of Approximately $221 Million of its 6.00% Series A Redeemable Preferred Stock

Retrieved on:

Friday, July 30, 2021

Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Financial markets, Finance, Financial economics, Equity securities, Corporate finance, Stock market, Preferred stock, Series A round, Stock, Dividend

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it intends to redeem 221,645 shares (the Called Shares) of its 6.00% Series A Redeemable Preferred Stock (the Series A Preferred Stock) on August 3, 2021 (the Redemption Date).

Key Points:

Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that it intends to redeem 221,645 shares (the Called Shares) of its 6.00% Series A Redeemable Preferred Stock (the Series A Preferred Stock) on August 3, 2021 (the Redemption Date).
Since last November, we have redeemed over $550 million of our Series A Preferred Stock or approximately 28% of the amount in place as of September 30, 2020.
This significant redemption of our Series A Preferred Stock is consistent with these objectives.
Dividends on the shares of Series A Preferred Stock that are to be redeemed will cease to accrue on the Redemption Date.

Stable Road Reminds Stockholders to Vote in Favor of Business Combination with Momentus

Retrieved on:

Friday, July 30, 2021

Technology, Aerospace, Manufacturing, Satellite, Corporate finance, Equity securities, Stock market, United States corporate law, Stock

Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (Stable Road or the Company) reminds its stockholders to vote in favor of the previously announced business combination (the Business Combination Proposal) with Momentus Inc. (Momentus).

Key Points:

Stable Road Acquisition Corp. (NASDAQ: SRAC, SRACU, and SRACW) (Stable Road or the Company) reminds its stockholders to vote in favor of the previously announced business combination (the Business Combination Proposal) with Momentus Inc. (Momentus).
To protect the health of Stable Road stockholders and the community, the Special Meeting will be virtually conducted via live audio webcast.
If the Business Combination Proposal and related proposals are not approved, Stable Road will be unable to consummate the proposed business combination with Momentus and, in accordance with Stable Roads charter, Stable Road will be required to dissolve and liquidate the trust account by returning the then-remaining funds in such account to stockholders.
Stable Road requests that all stockholders who held Stable Road shares as of the close of business on July 7, 2021 (the Record Date) vote as soon as possible, regardless of whether such stockholders subsequently sold their shares and do not own such shares as of the date they cast their vote.

Moog Inc. Announces Cash Dividend

Retrieved on:

Friday, July 30, 2021

The Company (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on its issued and outstanding shares of Class A common stock and Class B common stock.

Key Points:

The Company (NYSE: MOG.A and MOG.B) has declared a quarterly dividend of $.25 per share on its issued and outstanding shares of Class A common stock and Class B common stock.
The dividend will be paid on August 30, 2021 to all shareholders of record as of the close of business on August 13, 2021.
The dividend represents a use of cash of approximately $8 million.
Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems.

HomeStreet Announces a $15 Million Expansion of Our Share Repurchase Program and Common Stock Dividend of $0.25 Per Share

Retrieved on:

Friday, July 30, 2021

Banking, Professional services, Finance, Financial markets, Stock market, Financial economics, Finance, Corporate finance, Equity securities, Dividend, Shareholders, HomeStreet Bank, Share repurchase, Stock

HomeStreet, Inc. (Nasdaq: HMST) or (HomeStreet), the parent company of HomeStreet Bank (the Bank and together with HomeStreet, the Company), today announced that the Board of Directors has approved an expansion of our share repurchase program and a $0.25 per share quarterly dividend.

Key Points:

HomeStreet, Inc. (Nasdaq: HMST) or (HomeStreet), the parent company of HomeStreet Bank (the Bank and together with HomeStreet, the Company), today announced that the Board of Directors has approved an expansion of our share repurchase program and a $0.25 per share quarterly dividend.
The approved expansion of our share repurchase program allows for the repurchase for up to $15 million in aggregate amount of shares of the Companys common stock.
The share repurchase plan does not obligate the Company to acquire any particular amount of common stock, and it may be terminated, modified or suspended at any time at the Company's discretion.
The Board of Directors also approved a dividend of $0.25 per common share.

Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock

Retrieved on:

Friday, July 30, 2021

Banking, Professional services, Finance, Financial markets, Finance, Money, Equity securities, Stock market, Corporate finance, Preferred stock, New York Stock Exchange, Dividends, NYSE Euronext, Hybrid security

Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.34620622 per share.

Key Points:

Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.34620622 per share.
The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (NYSE: CUBIPrD) of $0.33278956 per share.
The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.335984 per share.
The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $0.375 per share.