Reverse convertible securities

Kemper Announces Schedule for Third Quarter 2023 Earnings Release and Preliminary Results

Retrieved on: 
Monday, October 23, 2023

Significant earned rate benefits accelerating in the fourth quarter of 2023 and first quarter of 2024.

Key Points: 
  • Significant earned rate benefits accelerating in the fourth quarter of 2023 and first quarter of 2024.
  • Segment was moved to non-core operations in the third quarter after announcing wind-down of the business in August 2023.
  • 2 Pre-tax catastrophe lossesfor third quarter 2023 were approximately $21 million, including $14 million from Kemper Personal Insurance reported within non-core operations.
  • Kemper will host its conference call to discuss third quarter 2023 results on Monday, October 30 at 5:00 pm Eastern (4:00 pm Central).

Board Approves New and Interim Investment Sub-Advisory Agreements for First Trust SSI Strategic Convertible Securities ETF (Nasdaq: FCVT)

Retrieved on: 
Friday, September 29, 2023

Resolute Investment Managers, Inc. (“RIM”), an indirect wholly-owned subsidiary of Resolute Investment Holdings, LLC (“RIH”), currently holds a majority ownership interest in SSI, the Fund’s investment sub-advisor.

Key Points: 
  • Resolute Investment Managers, Inc. (“RIM”), an indirect wholly-owned subsidiary of Resolute Investment Holdings, LLC (“RIH”), currently holds a majority ownership interest in SSI, the Fund’s investment sub-advisor.
  • Therefore, in anticipation of the Closing, the Board approved a new investment sub-advisory agreement (the “New Sub-Advisory Agreement”) among the Trust, on behalf of the Fund, FTA and SSI.
  • As the investment sub-advisor to the Fund, SSI is responsible for the selection and ongoing monitoring of the securities in the Fund’s investment portfolio.
  • SSI is an investment management firm specializing in alternative investment solutions utilizing convertible assets, equity securities and hedging strategies.

Kemper Announces Schedule for Second Quarter 2023 Earnings Release and Preliminary Results

Retrieved on: 
Thursday, July 27, 2023

Combined ratios for the second quarter were adversely impacted by prior year claim reserve additions and current year catastrophes.

Key Points: 
  • Combined ratios for the second quarter were adversely impacted by prior year claim reserve additions and current year catastrophes.
  • Preliminary pre-tax current year catastrophe losses for the second quarter were approximately $39 million with the following attribution:
    Life & Health after-tax income for the quarter was approximately $9 million.
  • There were no applicable significant non-recurring items that Kemper excluded from the calculation of Adjusted Consolidated Net Operating Loss for the three months ended June 30, 2023.
  • Kemper will host its conference call to discuss second quarter 2023 results on Monday, August 7, 2023, at 5:00 pm Eastern (4:00 pm Central).

GreenLight Biosciences Enters into Definitive Merger Agreement with Consortium Led by Fall Line Endurance Fund for Go-Private Transaction

Retrieved on: 
Tuesday, May 30, 2023

LEXINGTON, Mass., May 30, 2023 (GLOBE NEWSWIRE) -- GreenLight Biosciences Holdings, PBC (NASDAQ: GRNA) (“GreenLight” or the “Company”) today announced that the Company has entered into a definitive agreement (the “Merger Agreement”) to be acquired by a group of buyers led by Fall Line Capital, LLC (“Fall Line”) in an all-cash transaction valuing the Company at approximately $45.5 million.

Key Points: 
  • LEXINGTON, Mass., May 30, 2023 (GLOBE NEWSWIRE) -- GreenLight Biosciences Holdings, PBC (NASDAQ: GRNA) (“GreenLight” or the “Company”) today announced that the Company has entered into a definitive agreement (the “Merger Agreement”) to be acquired by a group of buyers led by Fall Line Capital, LLC (“Fall Line”) in an all-cash transaction valuing the Company at approximately $45.5 million.
  • Subject to customary closing conditions, the Company expects the transaction to close in the third quarter of 2023.
  • Under the terms of the Merger Agreement, the Company may solicit alternative acquisition proposals from third parties during a 30-day “go-shop” period beginning on the date of the Merger Agreement.
  • O’Melveny & Myers LLP is serving as legal counsel to Fall Line.

Kemper Announces Schedule for First Quarter 2023 Earnings Release and Preliminary Results

Retrieved on: 
Thursday, April 27, 2023

The first quarter of 2023 Combined Ratios were adversely impacted by prior year claim reserve additions and catastrophes.

Key Points: 
  • The first quarter of 2023 Combined Ratios were adversely impacted by prior year claim reserve additions and catastrophes.
  • Kemper Auto was further impacted by higher than anticipated frequency within its private passenger auto and commercial vehicle offerings.
  • Preliminary pre-tax catastrophe losses for the first quarter 2023 were approximately $29 million with the following attribution:
    Life & Health after-tax income for the quarter was approximately $13 million; this reflects the accounting under LDTI.
  • Kemper will host its conference call to discuss first quarter 2023 results on Monday, May 8, 2023, at 5:00 pm Eastern (4:00 pm Central).

onsemi Announces Upsize and Pricing of Private Offering of $1.3 Billion of 0.50% Convertible Senior Notes

Retrieved on: 
Friday, February 24, 2023

The aggregate principal amount of the offering was increased from the previously announced offering size of $1.1 billion (or $1.265 billion if the initial purchasers exercise their option to purchase additional notes in full).

Key Points: 
  • The aggregate principal amount of the offering was increased from the previously announced offering size of $1.1 billion (or $1.265 billion if the initial purchasers exercise their option to purchase additional notes in full).
  • The offering of the notes and the convertible hedge and warrant transactions described below are expected to close on February 28, 2023, subject to customary closing conditions.
  • The notes will be onsemi’s senior unsecured obligations and will be guaranteed by certain of its subsidiaries.
  • If the initial purchasers exercise their option to purchase additional notes, onsemi expects to enter into additional convertible note hedge and warrant transactions.

Bragg Closes US$8.7 Million Financing Arrangement

Retrieved on: 
Tuesday, September 13, 2022

Bragg intends to use the funding for general and corporate working capital purposes.

Key Points: 
  • Bragg intends to use the funding for general and corporate working capital purposes.
  • The listing is subject to the Company fulfilling all of the requirements of the TSX on or before October 13, 2022.
  • Bragg Gaming Group ( NASDAQ: BRAG , TSX: BRAG ) is a content-driven iGaming technology provider and owner of leading B2B companies in the iGaming industry.
  • Linds funds make direct investments ranging from US$1 to US$30 million, invest in syndicated equity offerings and selectively buy on market.

Bragg Gaming Secures U.S.$8.7 Million Funding for Company’s Further Execution on Its Growth Initiatives

Retrieved on: 
Tuesday, September 6, 2022

Yaniv Sherman, Chief Executive Officer of Bragg Gaming Group, commented, We highly appreciate the confidence demonstrated by Lind and we are excited about the opportunity this growth capital affords Bragg.

Key Points: 
  • Yaniv Sherman, Chief Executive Officer of Bragg Gaming Group, commented, We highly appreciate the confidence demonstrated by Lind and we are excited about the opportunity this growth capital affords Bragg.
  • Lind is extremely excited about its investment in Bragg," said Phillip Valliere, Managing Director at The Lind Partners.
  • Bragg has rapidly grown its gaming technology businesses and continues to expand its footprint, globally.
  • Bragg will receive net proceeds of approximately US$8.2 million from the Funding after fees.

SigmaTron International, Inc. Reports Third Quarter Financial Results for Fiscal 2022

Retrieved on: 
Tuesday, March 22, 2022

The impairment charge was recorded on a separate line item inStatement of Operations during the current fiscal quarter.

Key Points: 
  • The impairment charge was recorded on a separate line item inStatement of Operations during the current fiscal quarter.
  • Revenues increased $22.2 million, or 31 percent, to $93.7 million in the third quarter of fiscal 2022 from $71.5 million for the same quarter in the prior year.
  • Commenting on SigmaTrons third quarter, fiscal 2022 results, Gary R. Fairhead, Chief Executive Officer and Chairman of the Board, said, Im pleased to report another strong quarter in terms of revenue and operating results.
  • Accordingly, the 9-month results could be viewed as reflecting the Companys performance this year without either extraordinary event in the financial results.

OptionMetrics Moves to Novel Methodology for International Options Calculations, Drawing from Options Market for Highest Levels of Accuracy

Retrieved on: 
Tuesday, February 8, 2022

OptionMetrics , an options database and analytics provider for institutional investors and academic researchers worldwide, is announcing its new options implied methodology, offering even greater accuracy in options calculations in the U.S., Europe, Asia Pacific.

Key Points: 
  • OptionMetrics , an options database and analytics provider for institutional investors and academic researchers worldwide, is announcing its new options implied methodology, offering even greater accuracy in options calculations in the U.S., Europe, Asia Pacific.
  • In applying leading overnight rates from the options market (such as with SOFR replacing LIBOR) and data from index options, OptionMetrics methodology more accurately reflects the cost of borrowing and lending in the options markets in Europe, North America and Asia Pacific.
  • (Graphic: Business Wire)
    In leveraging data from index options, OptionMetrics more accurately reflects costs of borrowing and lending in options markets.
  • At OptionMetrics, we are committed to ensuring the most accurate options data , Greeks, and implied volatility calculations.