Unrelated Business Income Tax

Insurtech Startup Honeycomb Raises $15.4MM in Series A Round, Led by Ibex Investors

Retrieved on: 
Thursday, January 20, 2022

The U.S. and Israel-based company, which only began writing U.S. policies in June of 2021, now operates in four states -- Illinois, Arizona, Michigan, and Ohio – with plans this year to launch in ten more states covering 60% of the country. Honeycomb expects to insure more than $1B of real estate assets by the end of Q1 2022.

Key Points: 
  • DENVER and TEL AVIV, Israel, Jan. 20, 2022 /PRNewswire/ -- Honeycomb today announced that it has raised $15.4 million in a Series A funding round led by Ibex Investors .
  • Honeycomb expects to insure more than $1B of real estate assets by the end of Q1 2022.
  • "Honeycomb is poised to change the game of real estate insurance," said Gal Gitter, partner at Ibex Investors.
  • Honeycomb is backed by top institutional and private investors including IBEX Investors, SiriusPoint Ltd, Phoenix Insurance, New Era Capital Partners, IT-Farm Corporation, Sure Ventures, and Distributed Ventures (FKA NFP Ventures).

Mercury Insurance is ready to Protect California Entrepreneurs with Small Business Insurance

Retrieved on: 
Wednesday, December 8, 2021

LOS ANGELES, Dec. 8, 2021 /PRNewswire-PRWeb/ --Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for California business owners, including those with retail stores, restaurants, professional services and medical offices.

Key Points: 
  • LOS ANGELES, Dec. 8, 2021 /PRNewswire-PRWeb/ --Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for California business owners, including those with retail stores, restaurants, professional services and medical offices.
  • "As many owners look to rejuvenate their business or start new ventures, our Small Business Insurance program has been designed to fit California businesses' specific needs."
  • Mercury's Small Business Insurance offers the flexibility to quote business owners with multiple business operations and obtain necessary coverages and pricing designed around each of their specific business exposures.
  • Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance.

Mercury Insurance is ready to Protect California Entrepreneurs with Small Business Insurance

Retrieved on: 
Wednesday, December 8, 2021

LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for California business owners, including those with retail stores, restaurants, professional services and medical offices.

Key Points: 
  • LOS ANGELES, Dec. 8, 2021 /PRNewswire/ -- Mercury Insurance (NYSE: MCY), a regional Commercial Multi-Peril (CMP) Insurance specialist, announced the company is offering Small Business Insurance for California business owners, including those with retail stores, restaurants, professional services and medical offices.
  • "As many owners look to rejuvenate their business or start new ventures, our Small Business Insurance program has been designed to fit California businesses' specific needs."
  • Mercury's Small Business Insurance offers the flexibility to quote business owners with multiple business operations and obtain necessary coverages and pricing designed around each of their specific business exposures.
  • Mercury writes other lines of insurance in various states, including commercial, business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance.

Alerian MLP ETF Declares Fourth Quarter Distribution Of $0.76

Retrieved on: 
Wednesday, November 10, 2021

DENVER, Nov. 10, 2021 /PRNewswire/ --The Alerian MLP ETF (NYSE Arca: AMLP) declared its fourth quarter 2021 distribution of $0.76 on Tuesday, November 9, 2021.

Key Points: 
  • DENVER, Nov. 10, 2021 /PRNewswire/ --The Alerian MLP ETF (NYSE Arca: AMLP) declared its fourth quarter 2021 distribution of $0.76 on Tuesday, November 9, 2021.
  • ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian Energy Infrastructure ETF and the ALPS|Alerian Energy Infrastructure Portfolio.
  • Investors should carefully consider the investment objectives, risk, charges and expenses of any exchange-traded fund (ETF) prior to investing.
  • ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Alerian MLP ETF.

Origin Investments Launches $350 Million Multifamily Credit Fund

Retrieved on: 
Tuesday, October 12, 2021

Origin Investments, a top performing private real estate manager, launched a $350-million Multifamily Credit Fund designed to give qualified purchasers a passive income stream substantially higher than most other fixed income investments such as ETFs, corporate bonds and certificates of deposit.

Key Points: 
  • Origin Investments, a top performing private real estate manager, launched a $350-million Multifamily Credit Fund designed to give qualified purchasers a passive income stream substantially higher than most other fixed income investments such as ETFs, corporate bonds and certificates of deposit.
  • View the full release here: https://www.businesswire.com/news/home/20211012005165/en/
    Origins Multifamily Credit Fund targets a net distribution yield of 6-8%, offering a substantially higher passive income stream than traditional fixed income assets.
  • (Photo: Business Wire)
    The primary benefits of Origins Multifamily Credit Fund are:
    Downside protection.
  • The new Multifamily Credit Fund, the first of its kind for Origin, comes less than 90 days after the firm closed its first Qualified Opportunity Zone Fund.

Alerian MLP ETF Declares Third Quarter Distribution Of $0.68

Retrieved on: 
Thursday, August 12, 2021

DENVER, Aug. 12, 2021 /PRNewswire/ -- The Alerian MLP ETF (NYSE Arca: AMLP) declared its third quarter 2021 distribution of $0.68 on Wednesday, August 11, 2021.

Key Points: 
  • DENVER, Aug. 12, 2021 /PRNewswire/ -- The Alerian MLP ETF (NYSE Arca: AMLP) declared its third quarter 2021 distribution of $0.68 on Wednesday, August 11, 2021.
  • ALPS Portfolio Solutions Distributor, Inc. is also the distributor for the Alerian Energy Infrastructure ETF and the ALPS|Alerian Energy Infrastructure Portfolio.
  • Investors buy and sell shares of the Alerian MLP ETF on a secondary market.
  • ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Alerian MLP ETF.