Fixed-income securities

Axion Completes the Initial Tranche of $8 Million Under the Investment Agreement

Friday, June 11, 2021 - 10:52pm

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2021) - Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) ("Axion" or the "Company") is pleased to announce that it has completed the initial tranche of C$8,000,000 (the "Initial Tranche") under the convertible debenture investment agreement (the "Investment Agreement") that the Company entered into with KUAM (Hong Kong) Investment 01 Ltd. ("KUAM") for up to C$20 million by way of unsecured convertible debentures.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 11, 2021) - Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) ("Axion" or the "Company") is pleased to announce that it has completed the initial tranche of C$8,000,000 (the "Initial Tranche") under the convertible debenture investment agreement (the "Investment Agreement") that the Company entered into with KUAM (Hong Kong) Investment 01 Ltd. ("KUAM") for up to C$20 million by way of unsecured convertible debentures.
  • If KUAM converts the full amount of the Debenture, KUAM will be entitled to receive 40,000,000 common shares of the Company.
  • The Debenture and all securities of the Company issued pursuant to the closing of the Initial Tranche will be subject to a four-month hold period.
  • The Initial Tranche is the first draw-down pursuant to the Investment Agreement, which provides for further tranches for up to a total of C$20 million.

KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-2

Thursday, June 10, 2021 - 9:55pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (Mosaic 2021-2), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (Mosaic 2021-2), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The collateral pool of Mosaic 2021-2 will include approximately $218.2 million of residential solar loans, which comprises of approximately $120.0 million in loans at closing and $98.2 million in additional prefunded solar loans.
  • The preliminary ratings reflect the initial credit enhancement levels ranging from 51.97% for the Class A notes to 12.14% for the Class D notes.
  • Solar Mosaic, Inc. (Mosaic or the Company) is a California-based specialty finance company focused on originating and servicing consumer loans used for the purchase of residential solar systems.

Amundi Physical Metals plc: UK Final Terms

Thursday, June 10, 2021 - 4:05pm

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an "Authorised Participant").
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the "Metal Entitlement".
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

KBRA Assigns Preliminary Ratings to BANK 2021-BNK34

Wednesday, June 9, 2021 - 5:10pm

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 38 classes of BANK 2021-BNK34, a $1.0 billion CMBS conduit transaction collateralized by 56 commercial mortgage loans secured by 71 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 38 classes of BANK 2021-BNK34, a $1.0 billion CMBS conduit transaction collateralized by 56 commercial mortgage loans secured by 71 properties.
  • The collateral properties are located across 31 MSAs, the largest three of which are New York (28.2%), Washington DC (21.7%), and Pittsburgh (6.8%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 43.6% less than third party appraisal values.
  • To access ratings and relevant documents, click here .

Ellington Financial Declares Common Dividend

Monday, June 7, 2021 - 9:10pm

Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.15 per common share, payable on July 26, 2021 to stockholders of record as of June 30, 2021.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.15 per common share, payable on July 26, 2021 to stockholders of record as of June 30, 2021.
  • This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.

Eagle Point Credit Management Appoints Nate Morse as Head Corporate Trader

Monday, June 7, 2021 - 3:00pm

Eagle Point Credit Management LLC (Eagle Point), a specialist asset manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has appointed Nate Morse as Head Corporate Trader, effective today.

Key Points: 
  • Eagle Point Credit Management LLC (Eagle Point), a specialist asset manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has appointed Nate Morse as Head Corporate Trader, effective today.
  • Prior to joining Eagle Point, he spent five years as a credit trader at Aristeia Capital.
  • Eagle Point was formed in 2012 by Mr. Majewski and Stone Point Capital.
  • Eagle Point Credit Management is a specialist asset manager focused on investing in CLO Securities, Portfolio Debt Securities and other credit investments.

Colony Capital Announces Sale of Other Equity & Debt (OED) Portfolio

Monday, June 7, 2021 - 1:29pm

The OED Portfolio Sale proceeds are in line with the net equity carrying value of the underlying assets as of March 31, 2021.

Key Points: 
  • The OED Portfolio Sale proceeds are in line with the net equity carrying value of the underlying assets as of March 31, 2021.
  • We are thrilled to announce this win-win transaction with Colony, said Fortress Managing Director Noah Shore.
  • Colony Capital, structured as a REIT, is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore.
  • For more information on Colony Capital, visit www.clny.com
    This press release may contain forward-looking statements within the meaning of the federal securities laws.

Axion Provides Update on the Initial Tranche of $20 Million Investment Agreement

Friday, June 4, 2021 - 7:05pm

Vancouver, British Columbia--(Newsfile Corp. - June 4, 2021) - Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) ("Axion" or the "Company") is pleased to announce that it has been granted a conditional approval for the initial tranche of C$8,000,000 (the "Initial Tranche") under the convertible debenture investment agreement (the "Investment Agreement") that the Company entered into with KUAM (Hong Kong) Investment 01 Ltd. ("KUAM") for up to C$20 million by way of unsecured convertible debentures.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - June 4, 2021) - Axion Ventures Inc. (TSXV: AXV) (OTC Pink: AXNVF) ("Axion" or the "Company") is pleased to announce that it has been granted a conditional approval for the initial tranche of C$8,000,000 (the "Initial Tranche") under the convertible debenture investment agreement (the "Investment Agreement") that the Company entered into with KUAM (Hong Kong) Investment 01 Ltd. ("KUAM") for up to C$20 million by way of unsecured convertible debentures.
  • If KUAM converts the full amount of the Debenture, KUAM will be entitled to receive 40,000,000 common shares of the Company.
  • The Initial Tranche has been approved by the independent directors of the Company.
  • The Initial Tranche is the first draw-down pursuant to the Investment Agreement, which provides for further tranches for up to a total of C$20 million.

Amundi Physical Metals plc: UK Final Terms

Friday, June 4, 2021 - 5:01pm

The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.

Key Points: 
  • The ETC Securities are designed to provide purchasers with exposure to Gold without having to take physical delivery of the Gold.
  • The Issuer, under the Programme, may only issue ETC Securities to authorised participants appointed as such (each, an "Authorised Participant").
  • Each ETC Security relates to a specific amount in weight of Gold, specified in the Final Terms, known as the "Metal Entitlement".
  • Payment of any Early Redemption Amount or the Final Redemption Amount is subject at all times to the limited recourse provisions.

Aiforia Raises €12.6M in Series B Funding to Enhance Precision Diagnostics and Preclinical Analysis in Pathology

Thursday, June 3, 2021 - 1:30pm

HELSINKI, June 3, 2021 /PRNewswire/ --Aiforia, a software company providing AI-based solutions for clinical and preclinical image analysis in pathology, announced today the closing of the first 12.6M tranche of their Series B round.

Key Points: 
  • HELSINKI, June 3, 2021 /PRNewswire/ --Aiforia, a software company providing AI-based solutions for clinical and preclinical image analysis in pathology, announced today the closing of the first 12.6M tranche of their Series B round.
  • The funding round has the potential to reach 25.2M if investors exercise the optional second tranche.
  • The funding round is led by Epredia's UK entity, a subsidiary of PHC Holdings Corporation.
  • KPMG acted as a financial advisor to Aiforia in the successful Series B round.