Bank

Purpose Investments Inc. Announces February 2024 Distributions

Retrieved on: 
Saturday, February 17, 2024

Purpose expects to issue a press release on or about February 27, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund.

Key Points: 
  • Purpose expects to issue a press release on or about February 27, 2024, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund.
  • The ex-distribution date will be February 28, 2024.
    Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
  • Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option.
  • Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent.

Isabella Bank Corporation Announces Fourth Quarter and 2023 Earnings

Retrieved on: 
Saturday, February 17, 2024

MT. PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.  Net income for the fourth quarter was $3.8 million and $18.2 million for the year ended December 31, 2023.  Earnings per common share were $0.51 in the fourth quarter and $2.42 for the year.

Key Points: 
  • PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.
  • Net interest income, fourth quarter 2023: Net interest income for the fourth quarter 2023 declined $2.7 million, or 16%, compared to the fourth quarter of 2022.
  • Noninterest income and expenses, fourth quarter 2023: Noninterest income increased $244,000 compared to the fourth quarter of 2022, primarily driven by wealth management fees and ATM and debit card income.
  • Dividend: The Corporation paid a $0.28 per common share cash dividend for the fourth quarter of 2023.

Tricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special Meeting

Retrieved on: 
Friday, February 16, 2024

The Interim Order authorizes the calling and holding of a special meeting on March 28, 2024 (the “Special Meeting”) of the holders of Common Shares (the “Company Shareholders”), the granting of dissent rights to registered Company Shareholders, and other matters relating to the conduct of the Special Meeting.

Key Points: 
  • The Interim Order authorizes the calling and holding of a special meeting on March 28, 2024 (the “Special Meeting”) of the holders of Common Shares (the “Company Shareholders”), the granting of dissent rights to registered Company Shareholders, and other matters relating to the conduct of the Special Meeting.
  • The Interim Order authorizes and orders that the Special Meeting be held on Thursday, March 28, 2024 at 10:00 a.m. (Toronto time) in virtual-only format via live audio webcast, including any adjournments or postponements thereof.
  • Details of the Special Meeting and how Company Shareholders or their duly appointed proxyholders can attend, access, participate in and vote at the Special Meeting are set out in the Circular.
  • Registered Company Shareholders and duly appointed proxyholders will be able to attend, participate and vote at the Special Meeting online.

Tenet Calls for Full Redemption of 4.875% Senior Secured First Lien Notes due 2026

Retrieved on: 
Friday, February 16, 2024

The Notes will be redeemed on March 5, 2024 (the “Redemption Date”), with cash on hand, at a redemption price equal to 100% of the principal amount of the Notes being redeemed together with accrued and unpaid interest up to, but not including, the Redemption Date.

Key Points: 
  • The Notes will be redeemed on March 5, 2024 (the “Redemption Date”), with cash on hand, at a redemption price equal to 100% of the principal amount of the Notes being redeemed together with accrued and unpaid interest up to, but not including, the Redemption Date.
  • This press release shall not constitute a notice of redemption of the Notes.
  • This release contains “forward-looking statements” – that is, statements that relate to future, not past, events.
  • Particular uncertainties that could cause Tenet’s actual results to be materially different than those expressed in Tenet’s forward-looking statements include, but are not limited to, the factors disclosed under “Forward-Looking Statements” and “Risk Factors” in our Form 10-K and other filings with the Securities and Exchange Commission.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: HireRight Holdings Corporation (NYSE – HRT), Kinnate Biopharma Inc. (Nasdaq – KNTE), AVROBIO, Inc. (Nasdaq – AVRO), California BanCorp (Nasdaq – CALB)

Retrieved on: 
Friday, February 16, 2024

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • The Sponsors are currently the beneficial owners of approximately 75% of the Company’s outstanding shares of common stock.
  • Under the terms of the agreement, California Bancorp will merge with Southern California Bancorp (Nasdaq - BCAL).
  • Specifically, each outstanding share of California BanCorp common stock will be exchanged for the right to receive 1.590 shares of Southern California Bancorp common stock.

MTS and Affirmed Housing Celebrate Groundbreaking of New Transit-Oriented Development

Retrieved on: 
Friday, February 16, 2024

SkyLINE is a remarkable example, and it’s a particularly special project for Affirmed Housing as it serves as our new home, as well,” said Affirmed Housing President Jimmy Silverwood.

Key Points: 
  • SkyLINE is a remarkable example, and it’s a particularly special project for Affirmed Housing as it serves as our new home, as well,” said Affirmed Housing President Jimmy Silverwood.
  • To activate the underutilized land and maximize development potential, Affirmed Housing is engaged in a 99-year lease with the transit agency, MTS.
  • As part of the partnership, Affirmed Housing enhanced the property’s sewer and water systems and worked alongside MTS to meet their current and future parking needs for MTS riders.
  • Affirmed Housing’s partners on SkyLINE include San Diego MTS, Bank of America, Citi Community Capital, Lument Capital, City of San Diego, California Department of Housing and Community Development, County of San Diego, San Diego Housing Commission, Compass for Affordable Housing, HA Builder Group, Architects Orange, and ConAm Management Corporation.

Federal Home Loan Bank of Des Moines Announces 2023 Fourth Quarter and Annual Results, Declares Dividend

Retrieved on: 
Friday, February 16, 2024

In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.

Key Points: 
  • In addition, the Bank increased its activity stock requirement on advances from 4.00 percent to 4.50 percent.
  • The Board of Directors approved a fourth quarter 2023 dividend to be paid at an annualized rate of 9.00 percent on average activity-based stock, an increase of 0.50 percent from the prior quarter, and 3.55 percent on average membership stock, an increase of 0.55 percent from the prior quarter.
  • Dividend payments totaling $136 million are expected to be paid on February 23, 2024.
  • Net Income - The Bank recorded net income of $962 million in 2023 compared to $430 million in the prior year.

Glen Burnie Bancorp Announces Fourth Quarter And Full Year 2023 Results

Retrieved on: 
Friday, February 16, 2024

I am proud of the results and profitability the team was able to achieve in 2023.

Key Points: 
  • I am proud of the results and profitability the team was able to achieve in 2023.
  • I want to thank all of the Glen Burnie Bancorp associates for their incredible contributions and unwavering customer support during this uncertain period."
  • The cost of funds was 0.64% for the quarter ended December 31, 2023, compared to 0.13% for the quarter ended December 31, 2022.
  • Glen Burnie Bancorp is a bank holding company headquartered in Glen Burnie, Maryland.

Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13250 for each Class A share and $0.06667 for each Preferred share.

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13250 for each Class A share and $0.06667 for each Preferred share.
  • As a result, Class A shareholders of record on February 29, 2024 will receive a dividend of $0.13250 per share based on the VWAP of $10.60 payable on March 8, 2024.
  • Since inception Class A shareholders have received a total of $21.70 per share and Preferred shareholders have received a total of $10.24 per share inclusive of this distribution, for a combined total of $31.94.
  • To generate additional returns above the dividend income earned on the portfolio, The Company engages in a selective covered call writing program.