Financial services

Embark Investor Confidence Barometer: Investors recognise climate responsibility, but ambivalence to act remains

Thursday, October 21, 2021 - 7:00am

LONDON, Oct. 21, 2021 /PRNewswire/ -- The Embark Investor Confidence Barometer has revealed that the majority of investors believe that it is their responsibility to invest in a way that doesn't contribute to climate change. However, despite this, investors appear ambivalent to acting with a half of respondents saying that responsible investing is not important when making decisions about their portfolio - a concerning insight as COP 26 draws near. This is particularly the case for the youngest investors, even though most do not believe it hinders returns.

Key Points: 
  • LONDON, Oct. 21, 2021 /PRNewswire/ -- The Embark Investor Confidence Barometerhas revealed that the majority of investors believe that it is their responsibility to invest in a way that doesn't contribute to climate change.
  • This is particularly the case for the youngest investors, even though most do not believe it hinders returns.
  • Significantly, very few investors actively disagree with this sentiment (19% of advised and 10% of non-advised) either.
  • Only a quarter (24%) of advised investors disagreed and this was even lower for non-advised investors (18%).

DBRS Morningstar: China's Balancing Act: Containing Property Sector Leverage While Preserving Financial Stability

Thursday, October 21, 2021 - 2:36am

The deleveraging of the property sector will test Chinas willingness and ability to avoid a broader credit crunch and a crash in property prices.

Key Points: 
  • The deleveraging of the property sector will test Chinas willingness and ability to avoid a broader credit crunch and a crash in property prices.
  • The Evergrande crisis embodies the delicate balance for authorities between containing leverage in the economy while preserving financial stability.
  • The Evergrande crisis embodies the delicate balance for authorities between containing leverage in the economy while preserving financial stability.
  • The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. 2021 DBRS Morningstar.

Nextdoor announces LinkedIn Live investor event on October 26th

Thursday, October 21, 2021 - 2:04am

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Nextdoor, Inc. ("Nextdoor" or the "Company") today announced its upcoming executive discussion on LinkedIn Live , to be held on Tuesday, October 26, 2021, beginning at 3 p.m.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Nextdoor, Inc. ("Nextdoor" or the "Company") today announced its upcoming executive discussion on LinkedIn Live , to be held on Tuesday, October 26, 2021, beginning at 3 p.m.
  • The LinkedIn Live event will be moderated by Devin Banerjee, Editor at Large, Business and Finance at LinkedIn, and include an interactive Q&A session with Nextdoor CEO Sarah Friar and Nextdoor CFO Mike Doyle.
  • You can sign up for the event and submit questions to the management team on LinkedIn .
  • After the live event, you can view the recorded discussion on our Investor Relations website, investors.nextdoor.com .

MFDA issues Notice of Settlement Hearing in respect of Joe Yalkezian

Wednesday, October 20, 2021 - 11:00pm

The settlement agreement will be between Staff of the MFDA and Joe Ohanes Yalkezian (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.

Key Points: 
  • The settlement agreement will be between Staff of the MFDA and Joe Ohanes Yalkezian (the "Respondent") and involves matters for which the Respondent may be disciplined by a Hearing Panel pursuant to MFDA By-laws.
  • MFDA settlement hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No.
  • A copy of the Notice of Settlement Hearing is available on the MFDA website at www.mfda.ca .
  • During the period described in the Notice of Settlement Hearing, the Respondent carried on business in the Cobourg, Ontario area.

Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Changes to Portfolio Management Team and Portfolio Manager Update Webcast

Wednesday, October 20, 2021 - 11:02pm

NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the Fund) today announced changes to the portfolio management team at Brookfield Public Securities Group LLC (Brookfield), the investment adviser to the Fund.

Key Points: 
  • NEW YORK, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE: CEN) (the Fund) today announced changes to the portfolio management team at Brookfield Public Securities Group LLC (Brookfield), the investment adviser to the Fund.
  • Tom Miller Managing Director, Portfolio Manager, Infrastructure Securities
    Tom Miller, CFA, has 12 years of industry experience and is a Managing Director and Portfolio Manager on Brookfields Infrastructure Securities team.
  • Before focusing on his portfolio manager duties, he was responsible for covering North American infrastructure securities focusing on MLPs and the energy infrastructure sector.
  • Center Coast Brookfield MLP & Energy Infrastructure Fund is managed by PSG.

Raymond James Financial to Acquire TriState Capital Holdings

Wednesday, October 20, 2021 - 10:31pm

ST. PETERSBURG, Fla. / PITTSBURGH, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital Holdings, Inc. (NASDAQ: TSC) have entered into a definitive agreement under which Raymond James will acquire TriState Capital in a combination cash and stock transaction, valued at approximately $1.1 billion.

Key Points: 
  • ST. PETERSBURG, Fla. / PITTSBURGH, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital Holdings, Inc. (NASDAQ: TSC) have entered into a definitive agreement under which Raymond James will acquire TriState Capital in a combination cash and stock transaction, valued at approximately $1.1 billion.
  • These statements include, but are not limited to, statements about the benefits of the proposed acquisition of TriState Capital Holdings by Raymond James Financial, including future financial and operating results (including the anticipated effect of the transaction on Raymond James Financials and TriState Capital Holdings respective earnings), statements related to the expected timing of the completion of the transaction, Raymond James Financials plans post-transaction, objectives, expectations and intentions, and other statements that are not historical facts.
  • The registration statement will include a proxy statement of TriState Capital Holdings that also constitutes a prospectus of Raymond James Financial.
  • Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by Raymond James Financial or TriState Capital Holdings through the website maintained by the SEC at http://www.sec.gov or by contacting the investor relations department of Raymond James Financial or TriState Capital Holdings at:

Concentric Equity Partners And Northaven Capital Partners Announce Sale Of Airway Services To Takkion

Wednesday, October 20, 2021 - 10:21pm

"Airway has grown rapidly by maintaining its focus on integrity, safety, quality, and customer service" said Adam Lucas, Vice President at Concentric Equity Partners.

Key Points: 
  • "Airway has grown rapidly by maintaining its focus on integrity, safety, quality, and customer service" said Adam Lucas, Vice President at Concentric Equity Partners.
  • "Finding, backing and empowering a first-class management team is half the battle" said Barrett Lidji, a Partner at Northaven Capital Partners, "and the Airway team and culture continues to thrive".
  • "We are proud to have expanded an organization committed to serving both customers and employees and are pleased to have Takkion carry our mission forward," said Rob Swartz, Partner at Northaven Capital Partners and Operating Partner at Concentric Equity Partners.
  • Cascadia Capital LLC and Foley & Lardner LLP represented and acted as financial advisor and legal counsel, respectively, to Concentric Equity Partners, Northaven Capital Partners, and Airway Services on the transaction.

Discover Financial Services Reports Third Quarter 2021 Net Income of $1.1 Billion or $3.54 Per Diluted Share

Wednesday, October 20, 2021 - 9:21pm

Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.54 per diluted share for the third quarter of 2021, as compared to a net income of $771 million or $2.45 per diluted share for the third quarter of 2020.

Key Points: 
  • Discover Financial Services (NYSE: DFS) today reported net income of $1.1 billion or $3.54 per diluted share for the third quarter of 2021, as compared to a net income of $771 million or $2.45 per diluted share for the third quarter of 2020.
  • Total loans ended the quarter at $89.5 billion, up 1% year-over-year, and up 2% sequentially.
  • The third quarter of 2021 included a $165 million reserve release, compared to a $42 million reserve build in the third quarter of 2020.
  • Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services.

First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for November

Wednesday, October 20, 2021 - 9:30pm

First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on November 15, 2021, to shareholders of record as of November 2, 2021.

Key Points: 
  • First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on November 15, 2021, to shareholders of record as of November 2, 2021.
  • Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.06 per share.
  • This distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax deferred return of capital.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.

First Trust New Opportunities MLP & Energy Fund Declares Monthly Common Share Distributions of $0.0375 Per Share for November, December and January

Wednesday, October 20, 2021 - 9:30pm

The Fund is a non-diversified, closed-end management investment company that seeks a high level of total return with an emphasis on current distributions paid to common shareholders.

Key Points: 
  • The Fund is a non-diversified, closed-end management investment company that seeks a high level of total return with an emphasis on current distributions paid to common shareholders.
  • To generate additional income, the Fund currently expects to write (or sell) covered call options on up to 35% of its managed assets.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.