Banking

Amplify ETFs Announces Revised Net Asset Value Information for the Amplify Seymour Cannabis ETF (NYSE: CNBS)

Monday, December 9, 2019 - 11:28pm

Amplify ETFs, sponsored by Amplify Investments, has over $760 million in assets across its suite of ETFs (as of 11/30/2019).

Key Points: 
  • Amplify ETFs, sponsored by Amplify Investments, has over $760 million in assets across its suite of ETFs (as of 11/30/2019).
  • Amplify believes the ETF structure empowers investors through efficiency, transparency and flexibility.
  • Since its first ETF launch in 2016, Amplify seeks to build ETFs powered by investment strategies from leading index providers and asset managers within unique market segments.
  • Amplify Investments LLC is the Investment Adviser to the Fund, and Penserra Capital Management, LLC serves as the Investment Sub-Adviser.

Mesabi Trust Press Release

Monday, December 9, 2019 - 10:15pm

The Trustees of Mesabi Trust (NYSE:MSB) today reported that the Trust has initiated arbitration against Northshore Mining Company and its parent, Cleveland-Cliffs Inc. (jointly, the Operator), the lessee/operator of the leased lands.

Key Points: 
  • The Trustees of Mesabi Trust (NYSE:MSB) today reported that the Trust has initiated arbitration against Northshore Mining Company and its parent, Cleveland-Cliffs Inc. (jointly, the Operator), the lessee/operator of the leased lands.
  • The Trust asserts claims concerning the calculation of royalties related to the production, shipment and sale of iron ore, including DR-grade pellets.
  • Based on information currently available to the Trust, the Trust seeks an award of damages, along with specific performance and declaratory relief.
  • Although the Mesabi Trustees believe that any such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties, which could cause actual results to differ materially.

Amerant Opens A New Banking Center in Boca Raton

Monday, December 9, 2019 - 9:31pm

MIAMI, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Amerant , the largest community bank headquartered in Florida, opened its newest banking center in the city of Boca Raton.

Key Points: 
  • MIAMI, Dec. 09, 2019 (GLOBE NEWSWIRE) -- Amerant , the largest community bank headquartered in Florida, opened its newest banking center in the city of Boca Raton.
  • The new 2,896 square-foot banking center is designed to provide the financial needs of its individual and business banking customers with quality products and services.
  • Offering Amerant customers a convenient walk-up ATM and remote drive-thru, the Boca Raton Banking Center provides a forward-thinking banking experience to its customers.
  • The Boca Raton Banking Center hours of operation are Monday-Thursday 9am - 4pm and Friday 9am 6pm.

UBS Commences Exchange Offers for Eight ETRACS ETNs

Monday, December 9, 2019 - 9:38pm

The Exchange Offers are being made solely pursuant to the terms and conditions described in the Prospectus and related annexes and Letter of Instruction.

Key Points: 
  • The Exchange Offers are being made solely pursuant to the terms and conditions described in the Prospectus and related annexes and Letter of Instruction.
  • A discussion of factors that may affect future results is contained in UBS AGs filings with the Securities and Exchange Commission and in the registration statement related to the Exchange Offers and there is no assurance that UBS AG will actually complete the Exchange Offers on the terms described herein or at all or that it will subsequently redeem the Series A ETNs.
  • ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor.
  • The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS.

Marquee Brands Acquires Leading Maternity Brands: Motherhood Maternity®, A Pea In The Pod® & Destination Maternity®

Monday, December 9, 2019 - 9:35pm

Through this acquisition, Marquee Brands will diversify its Womens Fashion division and add scale to its directly managed e-commerce platform.

Key Points: 
  • Through this acquisition, Marquee Brands will diversify its Womens Fashion division and add scale to its directly managed e-commerce platform.
  • Motherhood Maternity and A Pea In The Pod have been embraced by women for decades because of their commitment to innovation and focus on customer needs.
  • Marquee Brands is working with a consortium of best-in-class partners to deliver technical and fashion-forward maternity apparel collections to consumers.
  • At Marquee Brands, we have established a successful formula of targeting brands with a devoted customer base and a true need to exist.

Wells Fargo and FHLB Dallas to Award $8K in Funds to Help The Samaritan House

Monday, December 9, 2019 - 9:28pm

Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $8,000 in Partnership Grant Program (PGP) funds to The Samaritan House, Inc., a nonprofit organization that provides supplemental food and emergency housing, as well as comprehensive case management and referrals in Las Vegas, New Mexico.

Key Points: 
  • Wells Fargo and the Federal Home Loan Bank of Dallas (FHLB Dallas) will award $8,000 in Partnership Grant Program (PGP) funds to The Samaritan House, Inc., a nonprofit organization that provides supplemental food and emergency housing, as well as comprehensive case management and referrals in Las Vegas, New Mexico.
  • The grant will be used to help equip the organizations daytime center and multipurpose classrooms.
  • The media is encouraged to join local dignitaries and bank representatives at a check presentation at 1:00 p.m. Wednesday, December 11, 2019, at Wells Fargos offices at 701 Douglas Avenue in Las Vegas, New Mexico.
  • The structure of the PGP enables FHLB Dallas member institutions like Wells Fargo to contribute $500 to $4,000 to a community-based organization (CBO), which FHLB Dallas matches at a 3:1 ratio.

Boxwood Merger Corp. to Adjourn Special Meeting of Stockholders Until January 9, 2020

Monday, December 9, 2019 - 9:28pm

Boxwood and Atlas expect to close the business combination shortly after the special meeting, subject to the approval of Boxwoods stockholders at the special meeting and other closing conditions.

Key Points: 
  • Boxwood and Atlas expect to close the business combination shortly after the special meeting, subject to the approval of Boxwoods stockholders at the special meeting and other closing conditions.
  • In August 2019, Boxwood announced its proposed business combination with Atlas, and filed the definitive proxy statement with the SEC on November 12, 2019.
  • In connection with the business combination, Boxwood has filed on November 12, 2019 the definitive proxy statement with the SEC.
  • Boxwood and Atlas and their respective directors and executive officers may be deemed participants in the solicitation of proxies of Boxwood stockholders in connection with the business combination.

Alley Company Dividend Portfolio Added to Envestnet | PMC Select List

Monday, December 9, 2019 - 9:16pm

Alley Company, LLC is pleased to announce that the Alley Company Dividend Portfolio separately managed account (SMA) has been added to Envestnet | PMCs Select List.

Key Points: 
  • Alley Company, LLC is pleased to announce that the Alley Company Dividend Portfolio separately managed account (SMA) has been added to Envestnet | PMCs Select List.
  • Alley continued, I would like to thank the entire team at Alley Company, including my co-portfolio managers, Rik Duryea, CFA and Tom Van Vuren, CFA, for their dedication, acumen, and hard work.
  • Alley concluded, The Alley Company Dividend Portfolio SMA is differentiated in the marketplace among other dividend managers because we maintain a laser focus on striking the right balance between attractive dividend yield holdings and strong dividend growth holdings in the portfolio, all underpinned by high-quality fundamentals.
  • About Alley Company, LLC: Alley Company, LLC was founded in 1998 in Lake Forest, Illinois.

Eagle Financial Bancorp, Inc. Announces Voluntary NASDAQ Delisting

Monday, December 9, 2019 - 9:12pm

Eagle Financial Bancorp, Inc. (the Company) (Nasdaq: EFBI), the holding company for Eagle Savings Bank, today announced its decision to voluntarily delist its common stock from the NASDAQ Stock Market (NASDAQ).

Key Points: 
  • Eagle Financial Bancorp, Inc. (the Company) (Nasdaq: EFBI), the holding company for Eagle Savings Bank, today announced its decision to voluntarily delist its common stock from the NASDAQ Stock Market (NASDAQ).
  • The Company expects the last trading day of its shares of common stock on NASDAQ will be on or about December 20, 2019.
  • Following NASDAQ delisting, the Company expects its shares will be quoted on the OTCQB Marketplace under the symbol EFBI beginning on or about December 23, 2019.
  • The Companys Board of Directors authorized the delisting after concluding that the significant cost of listing on NASDAQ outweighed the current benefits of NASDAQ listing.

CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for December

Monday, December 9, 2019 - 9:30pm

SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

Key Points: 
  • SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
  • The estimated allocations presented above are based on the Funds monthly calculation of its year-to-date net investment income, capital gains and returns of capital.
  • The Funds investment income is mainly comprised of distributions received from the real estate investment trusts (REITs) and other companies in which it invests.
  • Net investment income refers to the Funds investment income offset by its expenditures, which include the fees paid to the investment adviser and other service providers.