Temple Real Estate Investment Trust announces increase to previously announced Convertible Debenture and trust units issue and filing of final short form prospectus
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. WINNIPEG, Feb. 17, 2012 /CNW/ - Temple REIT (TSX Venture: TR.UN) ("TREIT" or the "REIT") announced today that it has filed a final short form prospectus in all the provinces and territories of Canada (excluding Quebec), and obtained a receipt therefore, with respect to its previously announced public offering of 7.75% Series D Convertible Redeemable Unsecured Subordinated Debentures due June 30, 2017 ("Debentures") and c...
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NorthStar Realty Finance Announces Fourth Quarter and Full Year 2011 Results
NEW YORK, Feb. 17, 2012 /PRNewswire/ -- Fourth Quarter 2011 Highlights Increased fourth quarter 2011 dividend to $0.135 per common share. AFFO per diluted share of $0.44. $145 million of unrestricted cash. Closed two separate $100 million credit facilities for loan originations and AAA CMBS acquisitions. Raised $65 million of capital for our sponsored non-listed CRE REIT in the quarter, and total capital raised to date of $194 million. Full Year 2011 Highlights ...
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Fitch Places Salomon Brothers Mortgage Securities VII, Inc., Series 2000-C2 on Rating Watch Negative
Fitch Ratings has placed the following classes of Salomon Brothers Mortgage Securities VII, Inc., commercial mortgage pass through certificates, series 2000-C2 on Rating Watch Negative. --$11.7 million class E 'AAAsf'; --$13.7 million class F 'Asf'; --$9.8 million class G 'BBBsf'. The classes have been placed on Rating Watch Negative based on an increase in preliminary estimates of expected losses from loans in special servicing following updated valuations. In addition, Fitch expects ...
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Superior Plus Corp. Announces Improved 2011 Annual Results and 2011 Fourth Quarter Results
CALGARY, ALBERTA--(Marketwire - Feb. 16, 2012) - Superior Plus Corp. (TSX:SPB) Fourth Quarter Highlights -- For the year ended December 31, 2011, Superior generated adjusted operating cash flow (AOCF) per share of $1.65, a 7% increase over the prior year and consistent with the previously provided financial outlook for 2011 of AOCF per share of $1.55 to $1.90. -- AOCF per share for the fourth quarter was $0.58, consistent with the prior year quarter, as improved EBITDA from operations was offset ...
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Boardwalk REIT Announces Solid Fourth Quarter and Full Year 2011 Financial Results; FFO per unit up 4.8% for the three month period ended December 31, 2011. For the twelve month period ended December 31, 2011, FFO per unit up 2.0% year over year. In addition, Boardwalk REIT’s Board of Trustees approves a 3.3% increase to monthly per unit distributions to an annualized $1.86 per Trust Unit, from $1.80 per Trust Unit and confirms the increased monthly per unit distribution for February, March and April 201…
CALGARY, Feb. 16, 2012 /PRNewswire/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX) Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust") today announced solid financial results for the fourth quarter and fiscal year of 2011. Funds From Operations ("FFO") for the fourth quarter totalled $34.2 million, or $0.65 per unit on a diluted basis, compared to FFO of $32.4 million or $0.62 per unit for the same period last year, an increase of 5.5% and 4.8%, ...
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Boardwalk REIT Announces Solid Fourth Quarter and Full Year 2011 Financial Results; FFO per unit up 4.8% for the three month period ended December 31, 2011. For the twelve month period ended December 31, 2011, FFO per unit up 2.0% year over year. In addition, Boardwalk REIT’s Board of Trustees approves a 3.3% increase to monthly per unit distributions to an annualized $1.86 per Trust Unit, from $1.80 per Trust Unit and confirms the increased monthly per unit distribution for February, March and April 201…
CALGARY, Feb. 16, 2012 /CNW/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX) Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust") today announced solid financial results for the fourth quarter and fiscal year of 2011. Funds From Operations ("FFO") for the fourth quarter totalled $34.2 million, or $0.65 per unit on a diluted basis, compared to FFO of $32.4 million or $0.62 per unit for the same period last year, an increase of 5.5% and 4.8%, respect...
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Fitch Rates Sharyland ISD, TX Series 2012 ULT Rfdg Bonds ‘AAA’ PSF; ‘AA-’ Und; Outlook Stable
Fitch Ratings assigns the following ratings to the Sharyland Independent School District (ISD), Texas (the district) unlimited tax (ULT) refunding bonds: --$7.795 million ULT refunding bonds, series 2012 'AAA'. The 'AAA' long-term rating reflects the guarantee provided by the Texas Permanent School Fund (PSF), whose bond guarantee program is rated 'AAA' by Fitch. Fitch also assigns an 'AA-' underlying rating to the series 2012 bonds. The bonds are expected to price via negotiation the week...
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SunPower Reports Fourth-Quarter and Fiscal Year 2011 Results
Q4 2011 GAAP Revenue of $563 million, Non-GAAP Revenue of $749 million 2011 GAAP Revenue of $2.31 billion, Non-GAAP Revenue of $2.50 billion SAN JOSE, Calif., Feb. 16, 2012 /PRNewswire/ -- SunPower Corp. (NASDAQ: SPWR) today announced financial results for its 2011 fourth quarter and fiscal year ended January 1, 2012. “We finished the year with a better than expected fourth quarter, as demand for SunPower’s differentiated technology sold through our diversified downstr...
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Rogers Corporation Reports 2011 Fourth Quarter and Year-End Results
Rogers Corporation (NYSE:ROG) announced fourth quarter 2011 revenues of $126.4 million and earnings of $0.22 per diluted share from continuing operations. These results include a net one-time charge of $0.20 per diluted share related to the costs of the transition contract with the Company’s former CEO and other employee related matters and to the impairment of a held for sale building. In the fourth quarter of 2010, the Company reported revenues of $97.0 million with earnings of $0.73 per dilu...
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Fitch Affirms Massachusetts Educational Financing Authority’s Issue E Notes Under the 2001 Trust
Fitch Ratings affirms the ratings of Massachusetts Educational Financing Authority's (MEFA) Amended and Restated 2001 General Bond Resolution Educational Loan Revenue Bonds, Issue E which are backed by collateral comprised of nearly all private student loans and less than 1% Federal Family Education Loan Program (FFELP) Student Loan Notes. The Rating Outlook remains Negative. Fitch's 'U.S. Private SL ABS Criteria' and 'Global Structured Finance Rating Criteria' were used to review the ratings. The rat...
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Fitch Rates Metropolitan Water Dist of Southern California Rev Rfdg Bonds ‘AA+’; Outlook Stable
Fitch Ratings assigns the following ratings to the Metropolitan Water District of Southern California, CA's (Metropolitan) revenue refunding bonds: --Approximately $125 million (although the par amount could be higher depending on market conditions) water revenue refunding bonds, series 2012A rated 'AA+'. Bond proceeds from the series 2012A bonds will refund outstanding obligations of Metropolitan for savings and pay costs of issuance. The series 2012A bonds are expected to price via negotiate...
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iShares Launches Seven New Fixed Income ETFs to Help Meet Investor Demand for Targeted Exposures
BlackRock, Inc. (NYSE:BLK) announced today that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched seven new fixed income funds to help meet investors’ increased demand for targeted fixed income exposures in an ETF. The new funds represent a number of “firsts.” iShares is offering the first fixed income ETFs that provide exposure to specific industry sectors, certain sectors within the mortgage-backed securities marketpla...
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Newalta Reports Strong Fourth Quarter and Year End 2011 Results
CALGARY, ALBERTA--(Marketwire - Feb. 15, 2012) - Newalta Corporation ("Newalta") (TSX:NAL) today reported solid gains in revenue, profitability and capital returns for the fourth quarter and year ended December 31, 2011. -- 2011 revenue up 19%, Adjusted EBITDA up 23% and net earnings up 108% compared to 2010 -- Year-end Return on capital of 15.2% compared to 12.9% last year -- Increased dividends declared by 33% in 2011 compared to 2010 -- Invested $86.6 million in 2011 to drive growth in 2012 F...
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Newalta Reports Strong Fourth Quarter and Year End 2011 Results
CALGARY, ALBERTA--(Marketwire - Feb. 15, 2012) - Newalta Corporation ("Newalta") (TSX:NAL) today reported solid gains in revenue, profitability and capital returns for the fourth quarter and year ended December 31, 2011. -- 2011 revenue up 19%, Adjusted EBITDA up 23% and net earnings up 108% compared to 2010 -- Year-end Return on capital of 15.2% compared to 12.9% last year -- Increased dividends declared by 33% in 2011 compared to 2010 -- Invested $86.6 million in 2011 to drive growth in 2012 F...
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Fitch Rates Rhode Island School of Design Revs ‘A+’; Outlook Stable
Fitch Ratings has assigned an 'A+' rating to $30 million of higher education facilities revenue refunding bonds (series 2012) issued by the Rhode Island Health and Educational Building Corporation (the corporation) on behalf of the Rhode Island School of Design (RISD or the school). The bonds are expected to price via negotiation on or about the week of Feb. 28. Proceeds of the bonds will refund approximately $27 million of outstanding RISD fixed rate higher education facilities revenue bonds. ...
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Fitch Downgrades 1 and Affirms 7 Classes in Vertical CRE CDO 2006-1 Ltd./Corp.
Fitch Ratings has downgraded one and affirmed seven classes issued by Vertical CRE CDO 2006-1 Ltd./Corp. (Vertical 2006-1). A complete list of rating actions follows at the end of this press release. Since Fitch's last rating action in March 2011, approximately 11% of the collateral has been downgraded. Currently, 85.9% of the portfolio has a Fitch derived rating below investment grade and 79% has a rating in the 'CCC' category and below, compared to 81.5% and 63.6%, respectively, at the last rati...
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Fitch Downgrades 4 and Affirms 6 Classes of N-Star Real Estate CDO I, Ltd.
Fitch Ratings has downgraded four and affirmed six classes issued by N-Star Real Estate CDO I, Ltd. (N-Star CDO I). The affirmations to the senior notes are a result of delevering of the capital structure. Alternatively, the downgrades are a result of negative credit migration. A complete list of rating actions follows at the end of this press release. Since Fitch's last rating action in March 2011, approximately 22.3% of the collateral has been downgraded and 11.6% has been upgraded. Currently, 4...
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ReachLocal Reports Fourth Quarter and Fiscal Year 2011 Results
ReachLocal, Inc. (NASDAQ:RLOC), a leader in local online marketing solutions for small- and medium-sized businesses (SMBs), today reported financial results for the fourth quarter and fiscal year ended December 31, 2011. Q4 Year-Over-Year Highlights Revenue growth of 24%, highlighted by 56% growth in international markets and 28% growth in the direct local channel International revenue represents 25% of total revenue up from 20% in 2010 Income from continuing operations of $0.3 millio...
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Fitch Takes Various Rating Actions on Enhanced Municipal Bonds and TOBs
Fitch Ratings has taken various conforming rating actions on enhanced municipal bonds and tender option bonds (TOBs) corresponding to actions taken on their associated enhancement providers or underlying bonds. Long-term ratings on enhanced municipal bonds may be higher than those of their enhancement providers as discussed in Fitch's 'Dual-Party Pay Criteria for Long-Term Ratings on LOC-Supported U.S. Public Finance Bonds', dated March 10, 2011. Short-term ratings on enhanced municipal bonds ...
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Fitch: Insurance Longevity Product Raises Questions and Concerns
Fitch notes the latest product offering aimed at the longevity risk protection market, the contingent annuity (CA), is generating controversy. From a ratings perspective, we are concerned with the ultimate risk profile of any CA products, pricing adequacy, questions of transparency, and how the product will be reserved for considering the level of capital required under regulatory capital ratios. The market for longevity risk protection is enormous and growing rapidly, as underscored by an ongoing...
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Fitch Releases Report on the University of Tampa, FL
Fitch Ratings has published a report on the University of Tampa, FL. The report is available at 'www.fitchratings.com'. Additional information is available at 'www.fitchratings.com'. Applicable Criteria and Related Research: University of Tampa, Florida http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=667329 ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://...
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Fitch Rates Bank of America Merrill Lynch P-FLOATs Series MT-698, 699, 738, 742, 772 and 784
Fitch Ratings assigns the following ratings to the puttable floating option tax-exempts receipts (P-FLOATs) of the Merrill Lynch P-FLOATs series MT Trust BOA listed below: --Series MT-698 P-FLOATs--'AA/F1', Positive Outlook; --Series MT-699 P-FLOATs--'AAA/F1', Negative Outlook; --Series MT-738 P-FLOATs--'AA+/F1', Stable Outlook; --Series MT-742 P-FLOATs--'AA+/F1', Stable Outlook; --Series MT-772 P-FLOATs--'AA/F1', Stable Outlook; --Series MT-784 P-FLOATs--'AAA/F1', Stable Outlo...
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Canam Group Reports a Net Income of $3.3M in the Fourth Quarter of 2011
BOUCHERVILLE, QC, Feb. 15, 2012 /CNW Telbec/ - Canam Group Inc. (TSX: CAM), which specializes in the design and fabrication of construction products, closed its recent financial year ended December 31, 2011 with consolidated sales totaling $881M, up 20.2% from $732.7M in 2010.The Corporation incurred a net loss of $32.5M, or $0.72 per share, compared with a net income of $1.1M, or $0.02 per share, in 2010. Fourth-quarter net income totaled $3.3M, or $0.07 per share, compared with a net income of ...
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ANGLOGOLD ASHANTI LIMITED – Report for the quarter & year ended 31 Dec 2011
ANGLOGOLD ASHANTI LIMITED Registration No. 1944/017354/06 Incorporated in the Republic of South Africa Share codes: ISIN: ZAE000043485 JSE: ANG LSE: AGD NYSE: AU ASX: AGG GhSE (Shares): AGA GhSE (GhDS): AAD JSE Sponsor: UBS Report for the quarter and year ended 31 December 2011 Group results for the year.... - Record adjusted headline earnings of $1.3bn, up 65% from 2010. - Net profit attributable to ordinary shareholders rose 20-fold to $1.55bn - Cash flow from operating activities increase...
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Moody’s warns France and Britain
PARIS, Feb. 14 (UPI) -- Moody's Investor's Service warned France Tuesday that its credit rating could be lowered if the debt problem spreading through Europe is not contained. The fear of the debt issue spreading further and deeper in the region has already resulted in repeated downgrades of credit scored across Europe. France, however, has the second largest economy in Europe after Germany and is clinging to a top-tier triple A rating, having been downgraded in January by ratings assessment firm Stan...
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