Financial economics

Gentex Announces Third Quarter 2021 Cash Dividend and New Share Repurchase Authorization

Retrieved on: 
Wednesday, August 4, 2021

Additionally, Gentexs board of directors approved an additional share repurchase authorization of 25 million shares.

Key Points: 
  • Additionally, Gentexs board of directors approved an additional share repurchase authorization of 25 million shares.
  • Our capital allocation strategy is designed to supplement our companys growth with consistent and appropriate utilization of the companys cash flow.
  • Beyond that, our strategy focuses on M&A, a consistent dividend and a very meaningful repurchase philosophy.
  • In fact, since 2015 the Company has repurchased around 86 million shares and paid nearly $720 million dollars in dividends to our shareholders.

MGM GROWTH PROPERTIES ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MGP and Encourages Investors to Contact the Firm

Retrieved on: 
Wednesday, August 4, 2021

On August 4, 2021, MGP announced that it had entered into an agreement to merge with VICI in an all-stock transaction.

Key Points: 
  • On August 4, 2021, MGP announced that it had entered into an agreement to merge with VICI in an all-stock transaction.
  • Pursuant to the merger agreement, MGP stockholders will receive 1.366 newly issued shares of VICI common stock for each share of MGP class A stock owned.
  • Bragar Eagel & Squire is concerned that MGPs board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Modiv Inc. Announces 5.9% Quarterly Increase in NAV

Retrieved on: 
Wednesday, August 4, 2021

These transactions demonstrate our operational capabilities as we strive to maximize the value of our portfolio, increase the NAV and execute on our strategic growth plan.

Key Points: 
  • These transactions demonstrate our operational capabilities as we strive to maximize the value of our portfolio, increase the NAV and execute on our strategic growth plan.
  • The new estimated per share NAV has been approved by the Companys board of directors, including its independent directors.
  • The estimated NAV does not reflect any portfolio premium, nor does it reflect an enterprise value for the Company.
  • Modiv provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth.

E Split Corp. Announces Successful Overnight Offering

Retrieved on: 
Wednesday, August 4, 2021

CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Middlefield Group, on behalf of E Split Corp. (TSX: ENS and ENS.PR.A) (the “Company”), is pleased to announce a successful overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). Gross proceeds of the offering are expected to be approximately $63.2 million.

Key Points: 
  • CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Middlefield Group, on behalf of E Split Corp. (TSX: ENS and ENS.PR.A) (the Company), is pleased to announce a successful overnight treasury offering of class A and preferred shares (the Class A Shares and Preferred Shares, respectively).
  • Gross proceeds of the offering are expected to be approximately $63.2 million.
  • The offering is expected to close on or about Wednesday, August 11, 2021 and is subject to certain closing conditions including approval by the Toronto Stock Exchange.
  • For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

FinWise Bancorp Launches Initial Public Offering of Common Stock

MURRAY, Utah, Aug. 04, 2021 (GLOBE NEWSWIRE) -- FinWise Bancorp (FinWise or the "Company"), parent company of FinWise Bank (the Bank), today announced the launch of its initial public offering of common stock.

Key Points: 
  • MURRAY, Utah, Aug. 04, 2021 (GLOBE NEWSWIRE) -- FinWise Bancorp (FinWise or the "Company"), parent company of FinWise Bank (the Bank), today announced the launch of its initial public offering of common stock.
  • The underwriters will have a 30-day option to purchase up to an additional 535,714 shares of common stock from the Company.
  • The initial public offering price is currently expected to be between $13.00 and $15.00 per share.
  • The common stock to be offered in the initial public offering will not be insured by the Federal Deposit Insurance Corporation or any other governmental agency.

EverGen Infrastructure Corp. Completes Initial Public Offering

Retrieved on: 
Wednesday, August 4, 2021

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- EverGen Infrastructure Corp. (“EverGen” or the “Company”) is pleased to announce that it has successfully completed its previously announced initial public offering (the “Offering”) of 3,080,000 units (the “Offered Units”) of the Company at a price of $6.50 per Offered Unit (the “Offering Price”), for aggregate gross proceeds of $20,020,000 (the “Offering”).

Key Points: 
  • Not for distribution to U.S. news wire services or dissemination in the U.S.
    VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- EverGen Infrastructure Corp. (EverGen or the Company) is pleased to announce that it has successfully completed its previously announced initial public offering (the Offering) of 3,080,000 units (the Offered Units) of the Company at a price of $6.50 per Offered Unit (the Offering Price), for aggregate gross proceeds of $20,020,000 (the Offering).
  • The Offering will allow EverGen to continue expanding its infrastructure network.
  • There will be no public offering of securities in the United States.
  • EverGen has acquired three facilities and has the intention to grow its platform into other regions in North America in the future.

Arbor Realty Trust, Inc. Announces Public Offering of Series E Cumulative Redeemable Preferred Stock

Retrieved on: 
Wednesday, August 4, 2021

UNIONDALE, N.Y., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the Company) (NYSE:ABR) announced today that it plans to make a public offering of an initial issuance of its Series E Cumulative Redeemable Preferred Stock (the Series E Preferred Stock).

Key Points: 
  • UNIONDALE, N.Y., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Arbor Realty Trust, Inc. (the Company) (NYSE:ABR) announced today that it plans to make a public offering of an initial issuance of its Series E Cumulative Redeemable Preferred Stock (the Series E Preferred Stock).
  • In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase additional shares of Series E Preferred Stock to cover over-allotments, if any.
  • The Company intends to file an application to list the Series E Preferred Stock on the NYSE under the symbol ABR PrE and, if approved, expects trading to commence within 30 days after the initial issuance of the Series E Preferred Stock.
  • The Company intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes.

Superconductor Technologies Reminds Stockholders of Special Meeting to be held on August 10; Urges Stockholders to Vote in Favor of Merger and Related Proposals

Retrieved on: 
Wednesday, August 4, 2021

AUSTIN, Texas, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc.(STI) (OTCQB: SCON), today reminds investors that the special meeting of stockholders will be held on August 10, 2021 and urges stockholders to vote in favor of the merger and related proposals.

Key Points: 
  • AUSTIN, Texas, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc.(STI) (OTCQB: SCON), today reminds investors that the special meeting of stockholders will be held on August 10, 2021 and urges stockholders to vote in favor of the merger and related proposals.
  • The proposals are conditioned upon one another and all proposals must be approved for the merger to be consummated.
  • If you do not vote, your non-vote will have the same effect as a vote against the proposals.
  • Please note that if your shares are held at a brokerage firm or bank, your broker will not vote your shares for you.

ZoomInfo Announces Pricing of Secondary Offering of Shares of Class A Common Stock

Retrieved on: 
Wednesday, August 4, 2021

The Selling Stockholders will receive all of the proceeds from this offering.

Key Points: 
  • The Selling Stockholders will receive all of the proceeds from this offering.
  • No shares are being sold by ZoomInfo.
  • The last reported sale price of ZoomInfos Class A common stock on August 3, 2021 was $56.50 per share.
  • The offering is expected to close on August 6, 2021, subject to customary closing conditions.

Sinclair Declares $0.20 Per Share Quarterly Cash Dividend

Retrieved on: 
Wednesday, August 4, 2021

Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock.

Key Points: 
  • Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Class B common stock.
  • The dividend is payable on September 15, 2021, to the holders of record at the close of business on September 1, 2021.
  • Sinclair is a diversified media company and leading provider of local sports and news.
  • The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net .