Financial District, San Francisco

Wells Fargo Closed-End Funds Declare Monthly Distributions

Friday, July 31, 2020 - 9:37pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund and 7.5% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

United Rentals Announces Full Redemption of 6.500% Senior Notes due 2026

Friday, July 31, 2020 - 9:24pm

United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the Notes) on August 10, 2020 (the Redemption Date).

Key Points: 
  • United Rentals, Inc. (NYSE: URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has given notice of its intention to redeem all of the outstanding $1.1 billion principal amount of its 6.500% Senior Notes due 2026 (CUSIP Number 911365 BK9) (the Notes) on August 10, 2020 (the Redemption Date).
  • The Notes will be redeemed at a redemption price (the Redemption Price) currently estimated to be 111.101% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date.
  • URNA has instructed Wells Fargo Bank, National Association, as the trustee for the Notes (the Trustee), to distribute a notice of redemption to all registered holders of the Notes on July 31, 2020.
  • Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from Wells Fargo Bank, National Association by calling 1-800-344-5128.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Wells Fargo & Company (WFC)

Friday, July 31, 2020 - 5:00pm

The Law Offices of Frank R. Cruz reminds investors of the upcoming August 3, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between April 5, 2020 and May 5, 2020, inclusive (the Class Period).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming August 3, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Wells Fargo & Company ("Wells Fargo" or the "Company") (NYSE: WFC ) securities between April 5, 2020 and May 5, 2020, inclusive (the Class Period).
  • On April 19, 2020, after at least one lawsuit was filed against the Company, reports surfaced that Wells Fargo may have unfairly distributed government-backed loans under the Paycheck Protection Program (PPP).
  • If you purchased or otherwise acquired Wells Fargo securities during the Class Period, you may move the Court no later than August 3, 2020 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

Wells Fargo Foundation Grants $1.5 Million to Funders for Housing and Opportunity

Friday, July 31, 2020 - 2:05pm

Wells Fargo & Company (NYSE: WFC) today announced a $1.5 million contribution by the Wells Fargo Foundation in support of the Funders for Housing and Opportunity (FHO) collaborative focused on advancing housing affordability solutions and relief for renter households and homeless people disproportionately affected by the economic downturn as a result of COVID-19.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced a $1.5 million contribution by the Wells Fargo Foundation in support of the Funders for Housing and Opportunity (FHO) collaborative focused on advancing housing affordability solutions and relief for renter households and homeless people disproportionately affected by the economic downturn as a result of COVID-19.
  • Having a safe and affordable place to call home is essential to help lay the foundation for wellness, dignity, and economic opportunity, said Eileen Fitzgerald, head of housing affordability philanthropy with the Wells Fargo Foundation.
  • Funders for Housing and Opportunity welcomes the Wells Fargo Foundation as its first financial services-related member and applauds its generous philanthropic support and commitments to address the critical need for more housing affordability solutions for our nations most vulnerable people, said Jeanne Fekade-Sellassie, project director for Funders for Housing and Opportunity.
  • In 2019, Wells Fargo donated more than $455 million in grants to nonprofits organizations across the U.S. to increase access to housing, jobs, and financial health.

Highwoods Announces Increase to Tender Cap for Outstanding 3.20% Notes due 2021 to $150,000,000

Thursday, July 30, 2020 - 9:30pm

Except as stated herein, all other terms and conditions of the Offer, as described in the Offer to Purchase, remain the same.

Key Points: 
  • Except as stated herein, all other terms and conditions of the Offer, as described in the Offer to Purchase, remain the same.
  • Investors with questions regarding the Offer may contact Wells Fargo Securities, LLC at (704) 410-4759 (collect) or (866) 309-6316 (toll-free) or liabilitymanagement@wellsfargo.com .
  • Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.
  • The full details of the Offer, including complete instructions on how to tender the Notes, are included in the Offer to Purchase.

Territorial Bancorp Inc. Announces Second Quarter 2020 Results

Thursday, July 30, 2020 - 9:30pm

HONOLULU, July 30, 2020 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the 'Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced net income of $4.29 million or $0.47 per diluted share for the three months ended June 30, 2020.

Key Points: 
  • HONOLULU, July 30, 2020 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the 'Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced net income of $4.29 million or $0.47 per diluted share for the three months ended June 30, 2020.
  • The dividend is expected to be paid on August 27, 2020 to stockholders of record as of August 13, 2020.
  • Allan Kitagawa, Chairman and Chief Executive Officer, said, The Company continued to perform well in the second quarter of 2020 despite the economic uncertainties created by COVID-19.
  • Territorial Bancorp Inc., headquartered in Honolulu, Hawaii, is the stock holding company for Territorial Savings Bank.

International Trade Finance (London, United Kingdom - October 14-15, 2020) - ResearchAndMarkets.com

Thursday, July 30, 2020 - 12:44pm

Richard's professional experience spans over 25 years.

Key Points: 
  • Richard's professional experience spans over 25 years.
  • He started his career with Wells Fargo Bank, following by Fundtech and then moving to international advisory and consulting for the private and high-tech sectors providing high-level consulting, business analysis, project management and training to a wide range of banking clientele across the globe.
  • Over his career Richard was involved in International Trade Finance, Cross Border Payments and Settlements, Operational Risk, AML and Corporate Governance amongst others.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200730005498/en/

DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors That a Class Action Lawsuit Has Been Filed Against Wells Fargo & Company and Encourages Investors With Losses in Excess of $75,000 to Contact the Firm

Thursday, July 30, 2020 - 12:00am

Investors have until August 3, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until August 3, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • On April 19, 2020, after at least one lawsuit was filed against the Company, reports emerged that Wells Fargo may have unfairly allocated government-backed loans under the PPP.
  • Following this news, Wells Fargos stock price fell more than 5% over two trading days to close at $26.84 per share on April 21, 2020.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

Wells Fargo Investors: Last Days to Seek Active Role in the Investor Lawsuit

Wednesday, July 29, 2020 - 1:00pm

Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.

Key Points: 
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • On April 8, 2020, the Federal Reserve announced that it would allow Wells Fargo to exceed the asset cap that it had imposed on Wells Fargo in 2018 after revelations that the Company had opened millions of accounts in customers' names without their permission, a change which would allow Wells Fargo to make additional small business loans as part of the PPP.
  • Then, on April 19, 2020, after at least one lawsuit was filed against the Company, reports emerged that Wells Fargo may have unfairly allocated government-backed loans under the PPP.
  • If you suffered a loss you have untilAugust 3, 2020to request that the Court appoint you as lead plaintiff.

Reliance Steel & Aluminum Co. Announces Pricing of $900 Million Senior Notes Offering

Tuesday, July 28, 2020 - 9:19pm

LOS ANGELES, July 28, 2020 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today the pricing of a public offering of $400 million aggregate principal amount of its 1.300% Senior Notes due 2025 and $500 million aggregate principal amount of its 2.150% Senior Notes due 2030.

Key Points: 
  • LOS ANGELES, July 28, 2020 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) announced today the pricing of a public offering of $400 million aggregate principal amount of its 1.300% Senior Notes due 2025 and $500 million aggregate principal amount of its 2.150% Senior Notes due 2030.
  • The offering is expected to close on August 3, 2020, subject to customary closing conditions.
  • J.P. Morgan Securities LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers of the offering.
  • Reliance Steel & Aluminum Co.s press releases and additional information are available on the Companys website at www.rsac.com .