Preferred stock

Landmark Infrastructure Partners LP Announces Cash Distributions for its Series B and Series C Preferred Units

Retrieved on: 
Wednesday, July 22, 2020

EL SEGUNDO, Calif., July 22, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership) (NASDAQ: LMRK) announced today that the board of directors of its general partner (the Board) declared a quarterly cash distribution for its 7.90% Series B Cumulative Redeemable Perpetual Preferred Units (the Series B Preferred Units) (NASDAQ: LMRKO) of $0.49375 per Series B Preferred Unit, payable on August 17, 2020, to Series B Preferred Unitholders of record as of August 3, 2020.

Key Points: 
  • EL SEGUNDO, Calif., July 22, 2020 (GLOBE NEWSWIRE) -- Landmark Infrastructure Partners LP (the Partnership) (NASDAQ: LMRK) announced today that the board of directors of its general partner (the Board) declared a quarterly cash distribution for its 7.90% Series B Cumulative Redeemable Perpetual Preferred Units (the Series B Preferred Units) (NASDAQ: LMRKO) of $0.49375 per Series B Preferred Unit, payable on August 17, 2020, to Series B Preferred Unitholders of record as of August 3, 2020.
  • The Board also declared a quarterly cash distribution for the Series C Floating-to-Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units (the Series C Preferred Units) (NASDAQ: LMRKN) of $0.4375 per Series C Preferred Unit, payable on August 17, 2020, to Series C Preferred Unitholders of record as of August 3, 2020.
  • This release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d).
  • Nominees, and not the Partnership, are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.

Largo Resources to Release Second Quarter 2020 Financial Results on August 13, 2020

Retrieved on: 
Wednesday, July 22, 2020

To view press releases or any additional financial information, please visit the Investor Relations section of the Largo Resources website at: www.largoresources.com/investors

Key Points: 
  • To view press releases or any additional financial information, please visit the Investor Relations section of the Largo Resources website at: www.largoresources.com/investors
    Largo Resources is an industry preferred producer and supplier of vanadium.
  • Largo's VPURE and VPURE+ products are sourced from one of the world's highest-grade vanadium deposits at the Maracs Menchen Mine located in Brazil.
  • The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "LGO".
  • For more information on Largo and VPURE, please visit www.largoresources.com and www.largoVPURE.com .

Discover Financial Services Declares Semi-Annual Dividend for Series C Preferred and Quarterly Dividend for Common Stock

Retrieved on: 
Tuesday, July 21, 2020

The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on September 3, 2020, to holders of record at the close of business on August 20, 2020.

Key Points: 
  • The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on September 3, 2020, to holders of record at the close of business on August 20, 2020.
  • The Board of Directors of Discover Financial Services also declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of $2,750 per share.
  • The dividend equals $27.50 per depositary share, each representing 1/100th interest in a share of the Series C Preferred Stock.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

DCP Midstream Announces Common and Preferred Unit Distributions

Retrieved on: 
Tuesday, July 21, 2020

DENVER, July 21, 2020 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2020 common unit distribution of $0.39 per unit, or $1.56 per unit on an annualized basis.

Key Points: 
  • DENVER, July 21, 2020 (GLOBE NEWSWIRE) -- DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2020 common unit distribution of $0.39 per unit, or $1.56 per unit on an annualized basis.
  • This quarterly common unit distribution will be paid August 14, 2020 to common unitholders of record at the close of business on July 31, 2020.
  • In addition, the board of directors declared a quarterly Series B preferred unit distribution of $0.4922 per unit.
  • The board of directors also declared a quarterly Series C preferred unit distribution of $0.4969 per unit.

Knoll Announces Closing of $164.0 Million Convertible Preferred Equity Investment

Retrieved on: 
Tuesday, July 21, 2020

EAST GREENVILLE, Pa., July 21, 2020 (GLOBE NEWSWIRE) -- Knoll, Inc.(NYSE: KNL) today announced the closing of the previously announcedpurchase of$164.0 million in convertible preferred stock by an independently managed subsidiary ofInvestindustrial VII L.P.

Key Points: 
  • EAST GREENVILLE, Pa., July 21, 2020 (GLOBE NEWSWIRE) -- Knoll, Inc.(NYSE: KNL) today announced the closing of the previously announcedpurchase of$164.0 million in convertible preferred stock by an independently managed subsidiary ofInvestindustrial VII L.P.
    $164.0millionof convertible, perpetual preferred stock, which will be convertible into shares ofKnoll, Inc. common stock at an initial conversion price of$16.75per share.
  • The preferred stock carries a 4.50% dividend, which will be payable at Knolls option in cash or in-kind for the first 2 years and payable in cash thereafter.
  • Knoll expects to use the net proceeds from the transaction for general corporate purposes, including to reduce outstanding borrowings under its credit facility.
  • Knoll, Inc. is a constellation of design-driven brands and people, working together with our clients to create inspired modern interiors.

Optiva Completes Redemption of Preferred Shares, Closes US$90 Million Debenture Financing and Refreshes Board with New Independent Directors

Retrieved on: 
Monday, July 20, 2020

The aggregate redemption price in respect of the Preferred Shares was US$91,378,719 (the "Redemption Amount").

Key Points: 
  • The aggregate redemption price in respect of the Preferred Shares was US$91,378,719 (the "Redemption Amount").
  • The Company also announces that it has closed its previously announced US$90 million financing (the "Debenture Financing") of 9.75% secured PIK toggle debentures due 2025 (the "Debentures").
  • The net proceeds from the Debenture Financing were used to finance the Redemption Amount.
  • Furthermore, the Company also announced that it will nominate for election at the Meeting three additional independent directors, Anuroop Duggal, Dan Goldsmith, and Ryan Morris.

Youngevity International, Inc. Announces Declaration of Monthly Dividend for 3rd Quarter 2020 for Series "D" Cumulative Redeemable Perpetual Preferred Stock

Retrieved on: 
Monday, July 20, 2020

SAN DIEGO, July 20, 2020 /PRNewswire/ -- Youngevity International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced the declaration of its regular monthly dividend of$0.203125per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:YGYIP) foreach of July, August and September 2020.

Key Points: 
  • SAN DIEGO, July 20, 2020 /PRNewswire/ -- Youngevity International, Inc. (NASDAQ: YGYI), a leading multi-channel lifestyle company, today announced the declaration of its regular monthly dividend of$0.203125per share of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:YGYIP) foreach of July, August and September 2020.
  • The dividend will be payable onAugust 17, September 15, and October 15, 2020 to holders of record as ofJuly 31, August 31 and September 30, 2020.
  • The dividend will be paid in cash.
  • This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

M SPLIT CORP. Monthly Dividend Declared for Class I Preferred Shares

Retrieved on: 
Monday, July 20, 2020

TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- M Split Corp. ("M Split") declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders.

Key Points: 
  • TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- M Split Corp. ("M Split") declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders.
  • The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price.
  • Distributions are payable August 10, 2020 to shareholders on record as at July 31, 2020.
  • M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.

TDb Split Corp. Regular Monthly Dividend Declaration for Preferred Share

Retrieved on: 
Monday, July 20, 2020

TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- TDb Split Corp. ("TDb Split") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually).Distributions are payable August 10, 2020 to shareholders on record as at July 31, 2020.

Key Points: 
  • TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- TDb Split Corp. ("TDb Split") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually).Distributions are payable August 10, 2020 to shareholders on record as at July 31, 2020.
  • No regular monthly distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $12.50.
  • Since inception, Class A shareholders have received a total of $6.40 per share and Preferred shareholders have received a total of $6.82 per share inclusive of this distribution, for a combined total of $13.22.
  • TDb Split invests in common shares of Toronto-Dominion Bank, a leading Canadian Financial institution.

Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares

Retrieved on: 
Monday, July 20, 2020

TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its regular monthly distribution of $0.02500 per share ($0.30 annually), for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B).

Key Points: 
  • TORONTO, July 20, 2020 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its regular monthly distribution of $0.02500 per share ($0.30 annually), for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B).
  • The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount.
  • Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 repayment amount.
  • The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.