N class

KBRA Assigns Preliminary Ratings to Carvana Auto Receivables Trust 2024-P1

Retrieved on: 
Wednesday, March 6, 2024
Banking, Professional Services, Insurance, Finance, Acquisition, Class, ABS, N class, E-commerce, KBRA, Class D, Telescopic sight

KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2024-P1 (“CRVNA 2024-P1”), a prime auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2024-P1 (“CRVNA 2024-P1”), a prime auto loan ABS transaction.
  • The transaction includes a Class N reserve account which can be used to pay any Class N interest shortfalls.
  • CRVNA 2024-P1, represents the second term ABS securitization for Carvana, LLC (“Carvana” or the “Company”) in 2024, the 14th under its prime shelf, and the 29th overall.
  • KBRA considered its operational review of Carvana as well as periodic update calls with the Company.

Kimco Realty® Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 8, 2024
REIT, Retail, Commercial Building & Real Estate, Supermarket, Construction & Property, Security (finance), Class, Growth, Table, GAAP, FFO, Bed Bath & Beyond, N class, Operation, Kimco Realty, RPT Realty, FMV, Investment, Bed, Acquisition, NOI, ACI, Sale, RPT, Share repurchase

Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Kimco Realty® (NYSE: KIM), North America’s largest publicly listed owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, today reported results for the fourth quarter and full year ended December 31, 2023.
  • “We ended the year with strong results, including leasing an impressive 2.7 million square feet, and achieving positive net absorption and double-digit leasing spreads for the quarter,” said Kimco CEO Conor Flynn.
  • FFO was $239.4 million, or $0.39 per diluted share, compared to $234.9 million, or $0.38 per diluted share, for the fourth quarter of 2022.
  • FFO for the fourth quarter of 2023 included $1.0 million of merger-related charges.

Investors to Benefit from Increase in Target Yield for RiverRock MIC

Retrieved on: 
Monday, November 27, 2023
Investment, Bank of Canada, MIC, Bank, Attention, N class, Real estate

TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- RiverRock Mortgage Investment Corp. (“RiverRock”), a mortgage investment corporation (MIC) that provides access to investments in high-yield Canadian residential mortgages, announced today an increase of 0.25% to the target yield paid to its investors, effective January 1, 2024.

Key Points: 
  • TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- RiverRock Mortgage Investment Corp. (“RiverRock”), a mortgage investment corporation (MIC) that provides access to investments in high-yield Canadian residential mortgages, announced today an increase of 0.25% to the target yield paid to its investors, effective January 1, 2024.
  • RiverRock’s portfolio holds owner occupied residential mortgages in Southern Ontario with a maximum duration of 12 months and has paid investors a consistent monthly dividend yield since 2014.
  • "Anticipating a correction in the residential real estate market, we proactively adjusted our lending criteria at the close of 2021.
  • Ninepoint Partners provides RiverRock’s high-yield MIC to investors looking for investment opportunities and access to Canada’s secondary mortgage market.

KBRA Assigns Preliminary Ratings to Carvana Auto Receivables Trust 2023-P5

Retrieved on: 
Wednesday, December 6, 2023
Banking, Professional Services, Finance, N class, KBRA, Acquisition, ABS, Class, Class D, E-commerce, Telescopic sight, Carvana

KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2023-P5 (“CRVNA 2023-P5”), a prime auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2023-P5 (“CRVNA 2023-P5”), a prime auto loan ABS transaction.
  • The transaction includes a Class N reserve account which can be used to pay any Class N interest shortfalls.
  • CRVNA 2023-P5, represents the ninth term ABS securitization for Carvana, LLC (“Carvana” or the “Company”) in 2023, the 13th under its prime shelf, and the 27th overall.
  • KBRA considered its operational review of Carvana as well as periodic update calls with the Company.

KBRA Assigns Preliminary Ratings to Carvana Auto Receivables Trust 2023-P4

Retrieved on: 
Thursday, September 14, 2023
Banking, Professional Services, Insurance, Finance, Class, KBRA, N class, E-commerce, ABS, Acquisition, Telescopic sight, Carvana

KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2023-P4 (“CRVNA 2023-P4”), a prime auto loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to five classes of notes (eight tranches) issued by Carvana Auto Receivables Trust 2023-P4 (“CRVNA 2023-P4”), a prime auto loan ABS transaction.
  • CRVNA 2023-P4, represents the sixth term ABS securitization for Carvana, LLC (“Carvana” or the “Company”) in 2023, the 12th under its prime shelf, and the24th overall.
  • Carvana was launched out of DriveTime Automotive Group Inc. in 2012 as an eCommerce platform for buying used vehicles.
  • KBRA considered its operational review of Carvana as well as periodic update calls with the Company.

EVENTIDE ANNOUNCES THE EVENTIDE LARGE CAP FOCUS FUND

Retrieved on: 
Wednesday, September 21, 2022
FINRA, Risk, LLC, Intellectual property, Portfolio manager, Environment, N class, Investment, Technology, Adviser, NASDAQ, Prospectus, Communication, Patent, CFA, Bank, Fund, Eventide

BOSTON, Sept. 21, 2022 /PRNewswire/ -- Eventide Asset Management is pleased to announce the launch of its eighth mutual fund, the Eventide Large Cap Focus Fund ( ETLAX , ETLCX , ETLNX , ETLIX ).

Key Points: 
  • BOSTON, Sept. 21, 2022 /PRNewswire/ -- Eventide Asset Management is pleased to announce the launch of its eighth mutual fund, the Eventide Large Cap Focus Fund ( ETLAX , ETLCX , ETLNX , ETLIX ).
  • As with all Eventide Funds, the Large Cap Focus Fund seeks to invest in companies helping to create a better world by serving society, customers, employees, and other key stakeholders.
  • Goel also serves as a Portfolio Manager for the Eventide Exponential Technologies Fund and Eventide Gilead Fund and is a Senior Research Analyst for other Eventide products.
  • The Eventide Large Cap Focus Fund joins the existing Eventide funds with more than $5 billion in net assets under management: the Eventide Gilead Fund , the Eventide Healthcare & Life Sciences Fund , the Eventide Exponential Technologies Fund , the Eventide Multi-Asset Income Fund , the Eventide Dividend Opportunities Fund , the Eventide Limited-Term Bond Fund , and the Eventide Core Bond Fund .

PenderFund Announces Risk Rating Change on Pender Global Focused Fund

Retrieved on: 
Wednesday, June 29, 2022
GLOBE, Review, SEDAR, Risk, N class, National instrument, Security (finance), Fund

VANCOUVER, British Columbia, June 29, 2022 (GLOBE NEWSWIRE) -- PenderFund Capital Management Ltd. (Pender), the manager of the Pender mutual funds (the Funds), announces that the risk rating of Pender Global Focused Fund (PGFF) has changed.

Key Points: 
  • VANCOUVER, British Columbia, June 29, 2022 (GLOBE NEWSWIRE) -- PenderFund Capital Management Ltd. (Pender), the manager of the Pender mutual funds (the Funds), announces that the risk rating of Pender Global Focused Fund (PGFF) has changed.
  • The risk rating for each of the Funds is reviewed at a minimum on an annual basis, as well as when a Fund undergoes a material change.
  • No material changes have been made to the investment objectives, strategies or management of the Pender Funds.
  • About PenderFund Capital Management Ltd.
    Pender was founded in 2003 and is an independent, employee-owned investment firm located in Vancouver, British Columbia.