Internal Revenue Code section 1031

Clarus Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Outdoor, NOL, Ageing, Adventure, Internal Revenue Code, Public expenditure, EBITDA, Gateway Group, Acquisition, SALT, Risk, Internal Revenue Code section 1031, Capital expenditure, TRED, CLAR, Capital, Payment card, Security (finance), Risk management, Retail, Pharmaceutical industry, Video game, Life insurance, Euro

SALT LAKE CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SALT LAKE CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the third quarter ended September 30, 2023.
  • Capital expenditures in the third quarter of 2023 were $1.2 million compared to $2.1 million in the prior year quarter.
  • Free cash flow for the third quarter of 2023 improved to $(1.1) million compared to $(13.6) million in the prior year quarter, mainly driven by reductions to inventory.
  • The Company will hold a conference call today at 5:00 p.m. Eastern time to discuss its third quarter 2023 results.

Spirit Realty Capital, Inc. Announces Third Quarter of 2023 Financial and Operating Results

Retrieved on: 
Thursday, November 2, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Spirit, Line of credit, Sale, Realty Income, Acquisition, Internal Revenue Code section 1031, NYSE, FFO, Holding company, Property management

Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a net-lease real estate investment trust ("REIT") that invests in single-tenant, operationally essential real estate, today reported its financial and operating results for the third quarter ended September 30, 2023.

Key Points: 
  • Spirit Realty Capital, Inc. (NYSE: SRC) ("Spirit" or the "Company"), a net-lease real estate investment trust ("REIT") that invests in single-tenant, operationally essential real estate, today reported its financial and operating results for the third quarter ended September 30, 2023.
  • Increased the Company's quarterly common stock cash dividend on August 9, 2023 from $0.6630 per share to $0.6696 per share, an increase of 1.0%, representing a new annualized rate of $2.6784 per share.
  • In light of the Company's proposed merger with Realty Income Corporation ("Realty Income"), the Company withdraws its guidance for 2023.
  • In light of the Company's proposed merger with Realty Income, the Company will no longer host its previously planned earnings call.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for November

Retrieved on: 
Monday, October 23, 2023
Professional Services, Finance, Debtor, Terrorism, NYSE, Infection, FINRA, ERISA, Internal Revenue Code, FTA, FCT, Federal Reserve, AIB (NI), Judgement, Federal, Risk, FTP, COVID-19, Internal Revenue Code section 1031, LIBOR, Fund, London Interbank Bid Rate, NAV, Investment, New York Stock Exchange, Uncertainty, Life insurance, Security (finance), Financial adviser, Bank

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.

Key Points: 
  • First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on November 15, 2023, to shareholders of record as of November 2, 2023.
  • The Fund has a practice of seeking to maintain a relatively stable, attractive monthly distribution which may be changed periodically.
  • Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Genesis Bank Opportunistically Adds New Hire to Its 1031 Exchange Division

Retrieved on: 
Wednesday, October 18, 2023
Banking, Asset Management, Professional Services, Finance, Opus, Knowledge, Shannon, Bank, Acquisition, Investment, Pacific Premier Bancorp, Exchange, Internal Revenue Code section 1031, Financial services

Genesis Bank (“Genesis” or the “Bank”), announced today that Shannon Kinnard has joined Genesis as Vice President, Exchange Officer, and is responsible for further expanding the Bank’s 1031 Exchange Division, client base, and growth initiatives.

Key Points: 
  • Genesis Bank (“Genesis” or the “Bank”), announced today that Shannon Kinnard has joined Genesis as Vice President, Exchange Officer, and is responsible for further expanding the Bank’s 1031 Exchange Division, client base, and growth initiatives.
  • In just over one year since the initial launch of our 1031 Exchange Division, the Bank has executed 40 transactions totaling over $375 million.
  • Stephen H. Gordon, Chairman and Chief Executive Officer of Genesis Bank, stated, “We are thrilled that Shannon has joined Genesis Bank and Genesis Bank Exchange as our 1031 Exchange division continues facilitating transactions on behalf of its clients.
  • Having previously worked with Shannon at Opus Bank following our acquisition of Commerce Escrow and RPM Investments in 2015, we are honored to have the opportunity to work with her again here through the Bank’s Genesis Bank Exchange division.

IPX1031 Arkansas, East Texas and Northern Louisiana Amps Up 1031 Coverage with Graham Beene

Retrieved on: 
Thursday, October 19, 2023
Knowledge, Real estate, Account executive, Personality, Business administration, University, Central Region, Bachelor of Business Administration, Internal Revenue Code section 1031, Cryptocurrency, Property management

DALLAS, Oct. 19, 2023 /PRNewswire/ -- Investment Property Exchange Services, Inc. (IPX1031) is pleased to announce the transition of Graham Beene into the sales role of Account Executive for the IPX1031 Central Region.

Key Points: 
  • "We are excited to have Graham make this transition to our sales team," said Scott Nathanson, IPX1031 Executive Vice President and manager of Eastern Operations.
  • "Graham is going to bring IPX1031's 1031 Exchange expertise to an area we believe in the past has been underserved.
  • Graham's responsibilities will include educating and consulting with clients as well as tax, legal, and real estate professionals to structure 1031 Tax-Deferred Exchanges locally at the IPX1031 Dallas headquarters and throughout Arkansas, East Texas, and Northern Louisiana.
  • Graham along with the IPX1031 Central team, bring the most comprehensive 1031 knowledge, tools, and solutions that the 1031 industry can offer.

Capital Square Delivers 149.59% Total Return* to Investors in Medical Building DST

Retrieved on: 
Wednesday, October 18, 2023
Frankfurt Stock Exchange, Sale, NYSE, Internal Revenue Code, Medicine, Internal Revenue Code section 1031, Capital Square, WINCHESTER, Fresenius Medical Care, DST, Fresenius, FMS, New York Stock Exchange, DAX, Commercial property

*

Key Points: 
  • *
    "Capital Square has acquired a large number of medical buildings in the southeast for the Section 1031 DST exchange program," said Louis Rogers, founder and co-chief executive officer of Capital Square.
  • "Medical assets are well known for providing stable income, preservation of capital and capital appreciation.
  • Since 2018, Capital Square has taken 24 DST offerings full cycle that have resulted in an average 173.51% total return and an average 14.53% internal rate of return.
  • Located at 38 W. Jubal Early Dr., the single-story Winchester medical building was acquired by Capital Square in July 2016.

First Trust Energy Infrastructure Fund Issues Notice Regarding October 2023 Distribution

Retrieved on: 
Monday, October 16, 2023
Professional Services, Finance, Terrorism, Judgement, Investment, COVID-19, Net asset value, Federal, Calendar, MLP, Master limited partnership, AIB (NI), FTP, Risk, London Interbank Bid Rate, Infection, FTA, Notice, Hedge fund, Internal Revenue Code, Fund, EIP, FINRA, ERISA, Uncertainty, Internal Revenue Code section 1031, Federal Reserve, LIBOR, Total return swap, Life insurance, Financial adviser, Bank, Security (finance)

A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

Capital Square Fully Subscribes DST Offering of Multifamily Community in Reno, Nevada

Retrieved on: 
Monday, October 16, 2023
Aurora, Housing, Investment, School, Pharmacy, CVS Pharmacy, DST, Amazon, Tesla, UPS, Capital Square, True Value, Internal Revenue Code, Growth, Volvo, Walmart, BFR, Big Lots, Las Vegas Raiders, Regulation, Internal Revenue Code section 1031, Commercial property

RENO, Nev., Oct. 16, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Aspen Vista BFR Housing, DST, has been fully subscribed.

Key Points: 
  • RENO, Nev., Oct. 16, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced today that its offering, CS1031 Aspen Vista BFR Housing, DST, has been fully subscribed.
  • "The Aspen Vista BFR Housing offering has been fully funded in record time.
  • "Capital Square is especially bullish on BFR investments because most BFR leases are one year in length, which means that Capital Square should be able to increase the rent annually in excess of the rate of inflation."
  • Locally, Capital Square acquired Zero Coupon LV Training Facility, the Las Vegas Raiders' training facility and corporate headquarters in Henderson, Nevada.

Capital Square Hires Industry Veteran Megan Bosch as Senior Regional Vice President of Mid-Atlantic Sales

Retrieved on: 
Thursday, September 28, 2023
Bankers Life, Housing, University, Internal Revenue Code section 1031, Local TV LLC, LPL Financial, Professional, REIT, RIA, Capital Square, Kellogg School, Megan, Prudential Financial, Internal Revenue Code, St. Lawrence University, DST, Masters Performing Arts College, FINRA, Knowledge, LPL, Chartered Alternative Investment Analyst, Mid-Atlantic (United States), Northwestern University, CAIA, Financial adviser, Mid-Atlantic

RICHMOND, Va., Sept. 28, 2023 /PRNewswire/ -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today that industry veteran Megan Bosch has joined the firm as senior regional vice president, Mid-Atlantic sales. In her new role, Bosch will provide sales and marketing support for broker-dealers, registered representatives and registered investment advisors throughout Virginia, West Virginia, the District of Columbia, Delaware, Kentucky, Maryland, New Jersey, Ohio, and Pennsylvania.

Key Points: 
  • RICHMOND, Va., Sept. 28, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today that industry veteran Megan Bosch has joined the firm as senior regional vice president, Mid-Atlantic sales.
  • "We are pleased to report that Megan Bosch, our friend and colleague, has joined Capital Square as senior regional vice president of Mid-Atlantic sales," said Louis Rogers, founder and co-chief executive officer of Capital Square.
  • Prior to joining Capital Square, Bosch served as vice president, strategic accounts – Altigo at WealthForge Technologies, where she was the founding salesperson actively representing WealthForge and Altigo throughout the financial services industry.
  • Megan is an exceptional addition to the Capital Square sales team and will play an integral role in expanding our relationships with financial advisors throughout the Mid-Atlantic region."

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Asset Management, Professional Services, Finance, AIB (NI), Uncertainty, New York Stock Exchange, ERISA, Federal, LIBOR, COVID-19, Infection, NAV, Risk, Terrorism, Judgement, Internal Revenue Code, FTP, Federal Reserve, FCT, London Interbank Bid Rate, Investment, Internal Revenue Code section 1031, Debtor, FINRA, Fund, NYSE, FTA, Life insurance, Security (finance), Financial adviser, Bank

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.

Key Points: 
  • First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.
  • The Fund has a practice of seeking to maintain a relatively stable, attractive monthly distribution which may be changed periodically.
  • Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.