Money

First Midwest Bank to Celebrate Opening of New Branch in Davenport, Iowa  

Tuesday, December 10, 2019 - 5:01pm

CHICAGO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- First Midwest Bank today announced it is enhancing its ability to serve clients in the Quad Cities with the grand opening of its new 3,000 square foot branch located at 2801E.

Key Points: 
  • CHICAGO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- First Midwest Bank today announced it is enhancing its ability to serve clients in the Quad Cities with the grand opening of its new 3,000 square foot branch located at 2801E.
  • 53rd Street in Davenport, Iowa.
  • On Thursday, December 12, First Midwest Bank will hold a ribbon cutting ceremony with local dignitaries and other distinguished guests to celebrate the opening of the new branch, which will provide a full range of retail, commercial and wealth products and services, as well as a drive-up window and a 24-hour ATM.
  • First Midwest Bank has long-standing roots in the Quad Cities, with deep client and community relationships, said Rick Mahoney, Regional Group Head for Commercial Banking in the Quad Cities.

Solutions 30 : Exercise of stock-options

Tuesday, December 10, 2019 - 5:00pm

SOLUTIONS 30 announces the issue of 3,070,592 new shares (corresponding to 3% of its outstanding share capital), resulting from the exercise of the stock options, which were granted in October 2018, in line with the pluriannual plan set for the Group Management Board in 2016.

Key Points: 
  • SOLUTIONS 30 announces the issue of 3,070,592 new shares (corresponding to 3% of its outstanding share capital), resulting from the exercise of the stock options, which were granted in October 2018, in line with the pluriannual plan set for the Group Management Board in 2016.
  • This plan is now closed, and all stock-options which were issued by the Group under this plan have been exercised.
  • Following the exercise of options and the recent management share transactions, the management now holds 23.6% of the capital and voting rights, compared to 23.0% as at 31 October 2019.
  • The Solutions30 Group is the European leader in solutions for new technologies.

Affluent Millennials Want to be Debt-Free, Yet Don't Believe They Ever Will Be

Tuesday, December 10, 2019 - 2:31pm

"The good news is there's a huge opportunity to help people better understand their money, and they have ample time to correct their perceptions of debt."

Key Points: 
  • "The good news is there's a huge opportunity to help people better understand their money, and they have ample time to correct their perceptions of debt."
  • Other key findings from the study include:
    Millennials Are Carrying Debt And Not Paying It Off:
    Nearly 90% report currently holding debt.
  • On average, affluent millennials spend over 17% of their personal income on debt repayment, second only to their fixed expenses like rent, utilities, and food (40%).
  • Conversely, affluent millennials who said they are confident about their finances are 5X as likely to be debt-free.

Policygenius launches state-of-the-art tools to help people get life insurance right

Tuesday, December 10, 2019 - 2:30pm

NEW YORK, Dec. 10, 2019 /PRNewswire/ -- Policygenius , the nation's leading online insurance marketplace, released two state-of-the-art tools to make it easier for consumers to get life insurance right.

Key Points: 
  • NEW YORK, Dec. 10, 2019 /PRNewswire/ -- Policygenius , the nation's leading online insurance marketplace, released two state-of-the-art tools to make it easier for consumers to get life insurance right.
  • The new Coverage Calculator helps people pinpoint how much life insurance they need and walks users through why it's making that recommendation.
  • Four out of five (77%) term life insurance applicants aren't seeking enough coverage, according to new Policygenius research.
  • About Policygenius: Policygenius is the nation's leading online insurance marketplace, with headquarters in New York City and Durham, North Carolina.

Cushing® recognized as one of 2019's "Best Places to Work in Money Management"

Tuesday, December 10, 2019 - 2:30pm

DALLAS, Dec. 10, 2019 /PRNewswire/ --Cushing Asset Management, L.P., a private, independent, employee-owned investment manager, is honored to have been recognized as one of 2019's "Best Places to Work in Money Management" in the recent survey by Pensions & Investments, the global news source of money management.

Key Points: 
  • DALLAS, Dec. 10, 2019 /PRNewswire/ --Cushing Asset Management, L.P., a private, independent, employee-owned investment manager, is honored to have been recognized as one of 2019's "Best Places to Work in Money Management" in the recent survey by Pensions & Investments, the global news source of money management.
  • John Alban, Chief Executive Officer at Cushing Asset Management commented: "We are gratified to receive recognition as a Best Place to Work in Money Management.
  • Cushing serves as investment adviser to affiliated funds and managed accounts providing active management in markets where inefficiencies exist.
  • As of September 30, 2019, Cushing had approximately $2.0 billion of assets under management in closed-end funds, mutual funds, exchange-traded funds, privately offered funds and separately managed accounts.

Clairvest Announces Proposed Sale of County Waste of Virginia

Tuesday, December 10, 2019 - 3:18pm

TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (CVG), together with Clairvest Equity Partners IV, announced today that its portfolio company County Waste of Virginia (County Waste) has entered into an agreement to be acquired by GFL Environmental Inc. Should the transaction close on anticipated terms, the sale of County Waste is expected to increase CVGs book value by approximately $1.35 per share from the September 30, 2019 book value per share of $52.35.

Key Points: 
  • TORONTO, Dec. 10, 2019 (GLOBE NEWSWIRE) -- Clairvest Group Inc. (TSX: CVG) (CVG), together with Clairvest Equity Partners IV, announced today that its portfolio company County Waste of Virginia (County Waste) has entered into an agreement to be acquired by GFL Environmental Inc. Should the transaction close on anticipated terms, the sale of County Waste is expected to increase CVGs book value by approximately $1.35 per share from the September 30, 2019 book value per share of $52.35.
  • Further details will be released should the transaction close.
  • Clairvest Group Inc. is a private equity management firm that invests its own capital, and that of third parties through the Clairvest Equity Partners limited partnerships, in businesses that have the potential to generate superior returns.
  • In addition to providing financing, Clairvest contributes strategic expertise and execution ability to support the growth and development of its investee partners.Clairvest realizes value through investment returns and the eventual disposition of its investments.

2Checkout Announces 2019 Winter Release

Tuesday, December 10, 2019 - 3:14pm

In addition, through the new 2Pay.js, 2Checkout removes the burden of sensitive payment data processing by merchants, while empowering embedded, and fully customizable ordering flow capabilities to support global sales.

Key Points: 
  • In addition, through the new 2Pay.js, 2Checkout removes the burden of sensitive payment data processing by merchants, while empowering embedded, and fully customizable ordering flow capabilities to support global sales.
  • With this release, we are delivering more than 250 enhancements to our proven monetization platform.
  • For more information on the newly added features presented above, as well as several other enhancements, please check the 2Checkout 2019 Winter Release article .
  • Media Contact: Delia Ene, 2Checkout Email: press@2checkout.com Tel: +31 20 890 8080 ext.

Tekla World Healthcare Fund Declares Monthly Cash Distribution

Tuesday, December 10, 2019 - 3:41pm

On December 10, 2019, Tekla World Healthcare Fund declared its monthly cash distribution of $0.1167 per share.

Key Points: 
  • On December 10, 2019, Tekla World Healthcare Fund declared its monthly cash distribution of $0.1167 per share.
  • The record date for the monthly cash distribution is December 20, 2019 and the payable date is December 31, 2019.
  • Note that only participants in the Funds Dividend Reinvestment and Stock Purchase Plan (DRIP) will have cash distributions automatically reinvested in shares of the Fund.
  • Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.

KBRA Assigns Preliminary Ratings to Great Wolf Trust 2019-WOLF

Tuesday, December 10, 2019 - 3:16pm

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to seven classes of Great Wolf Trust 2019-WOLF, a CMBS single-borrower transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to seven classes of Great Wolf Trust 2019-WOLF, a CMBS single-borrower transaction.
  • For further details on KBRAs analysis, please see our pre-sale report, Great Wolf Trust 2019-WOLF , published at www.kbra.com .
  • The preliminary ratings are based on information known to KBRA at the time of this publication.
  • Information received subsequent to this release could result in the assignment of final ratings that differ from the preliminary ratings.

First Trust International Equity Opportunities ETF (FPXI) Reaches 5-year Anniversary

Tuesday, December 10, 2019 - 3:31pm

First Trust 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.

Key Points: 
  • First Trust 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.
  • First Trust is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the funds distributor.
  • IPOX and IPOX International Index are registered international trademarks and service marks of IPOX Schuster LLC (IPOX) and have been licensed for use by First Trust.