H&R Announces Intention to Issue Initial Bonds Secured by The Bow
TORONTO, May 16, 2012 /CNW/ - H&R Real Estate Investment Trust ("H&R") (TSX: HR.UN; HR.DB; HR.DB.B; HR.DB.C; HR.DB.D; HR.DB.E) announced today its intention, through its wholly owned entity Centre Street Trust, to arrange, on a private placement basis, two series of first mortgage bonds secured by The Bow, Calgary, Alberta (the "Initial Bonds" as defined below). The Initial Bonds (the "Offering") are expected to be comprised of $200 million, 9 year term, semi-annual interest only bonds (t...continuedHR.DB.B:CA HR.DB.C:CA HR.DB.D:CA HR.DB.E:CA HR.DB:CA HR.UN:CA Financial
No related posts.
Certain DWS Closed-End Funds Announce End to Exclusive Negotiations on the Sale of Investment Advisor
DWS High Income Trust (NYSE: KHI), DWS Municipal Income Trust (NYSE: KTF), DWS Multi-Market Income Trust (NYSE: KMM), DWS Strategic Municipal Income Trust (NYSE: KSM), DWS Strategic Income Trust (NYSE: KST), DWS High Income Opportunities Fund, Inc. (NYSE: DHG) and DWS Global High Income Fund, Inc. (NYSE: LBF) announced that on May 11, 2012, Deutsche Bank AG (“Deutsche Bank”), the parent company of Deutsche Investment Management Americas Inc., each fund’s investment advisor (the ...continuedDHG KHI KMM KSM KST KTF LBF dws scudder Financial
No related posts.
Riverview Bancorp Reports Fiscal Fourth Quarter and Year End Results
Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or the “Company”) today reported a net loss of $12.8 million, or $0.57 per share, in its fourth fiscal quarter ended March 31, 2012, compared to a net loss of $16.6 million, or $0.74 per share in the preceding quarter and net income of $854,000, or $0.04 per share, in its fourth fiscal quarter a year ago. The Company’s financial results were impacted by the previously announced increase in the provision for loan loss...continuedRVSB loan Banking Financial
No related posts.
BNY Mellon Appointed to Trustee and Agent Roles for Silvermine Capital’s $450 Million Collateralized Loan Obligation
NEW YORK, May 4, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed trustee, collateral administrator, paying agent and calculation agent by Silvermine Capital for its $450 million collateralized loan obligation (CLO). In its role, BNY Mellon Corporate Trust will provide a variety of services for Silvermine Capital, including processing principal and interest payments and maintaining bondholder records. "We expect C...continuedBK Banking MELLON Financial
No related posts.
Southern National Bancorp of Virginia Inc. Reports Earnings for the First Quarter of 2012 of $1.8 Million Up From Restated Net Income of $1.3 Million in the First Quarter of 2011 and Declares a Dividend
MCLEAN, Va., May 3, 2012 (GLOBE NEWSWIRE) -- Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, announced today that net income for the quarter ended March 31, 2012 was $1.8 million compared to $1.3 million during the quarter ended March 31, 2011. (Please note that the financial statements for the first quarter of 2011 have been restated to correct errors in the previously reported amounts related to the purchase accounting for the acquisition of Greater Atlant...continuedSONA Financial loan loans
No related posts.
California United Bank Announces First Quarter 2012 Net Income of $506,000 and Record Total Assets of $868 Million
California United Bank (OTCBB: CUNB) today reported net income of $506 thousand for the quarter ended March 31, 2012 which compares to net income of $248 thousand for the quarter ended March 31, 2011. Basic earnings per share for the quarter ended March 31, 2012 were $0.08 compared to $0.04 for the quarter ended March 31, 2011. First Quarter 2012 Highlights (For the quarter ended March 31, 2012, compared to March 31, 2011 unless otherwise noted) Net income increased by 104 percen...continuedCUNB Commercial Banking Financial
No related posts.
Malvern Federal Bancorp, Inc. Announces Results for the Second Quarter of Fiscal 2012
PAOLI, Pa., May 3, 2012 (GLOBE NEWSWIRE) -- Malvern Federal Bancorp, Inc. (the "Company") (Nasdaq:MLVF), the "mid-tier" holding company for Malvern Federal Savings Bank (the "Bank"), today announced net income for the three months ended March 31, 2012 of $219,000 compared to a net loss of $4.7 million for the three months ended March 31, 2011. On a per share basis, the Company is reporting net income of $0.04 per share for the quarter ended March 31, 2012, compared to a net loss of $0.80 per share for...continuedMLVF Banking Financial
No related posts.
Duff & Phelps Utility And Corporate Bond Trust Inc. Commences Tender Offer For Its Preferred Shares
CHICAGO, May 3, 2012 /PRNewswire/ -- Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC), a registered closed-end diversified management investment company (the "Fund") advised by Duff & Phelps Investment Management Co., has announced today that it commenced a voluntary tender offer to purchase for cash Auction Market Preferred Shares, Series TH7, par value $0.01 per share, of the Fund ("Series TH7 AMPS" or the "Preferred Shares"), having an aggregate liquidation preference of...continuedDUC VRTS Financial investment partners
No related posts.
Manulife Financial reports 1Q12 income of $1.2 billion and 35 per cent growth in insurance sales, including all-time record in Asia.
C$ unless otherwis e stated TSX/NYSE/PSE: MFC SEHK:945 Delivered net income attributed to shareholders of $1,206 million. Strengthened underlying earnings from 4Q11. Grew total Company insurance sales 1 ,2 35 per cent. Record insurance sales in Asia. Achieved record level of $512 billion in funds under management 1 as at March 31, 2012. Reduced strain through improved business mix and lower new business expenses. TORONTO, May 3, 2012 /...continuedMFC:CA Financial Insurance
No related posts.
Home Federal Bancorp, Inc. of Louisiana Reports Results of Operations for the Quarter and Nine Months Ended March 31, 2012
SHREVEPORT, La., May 1, 2012 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the "Company") (Nasdaq:HFBL), the holding company of Home Federal Bank, reported net income for the three months ended March 31, 2012 of $587,000, an increase of $274,000 compared to net income of $313,000 reported for the three months ended March 31, 2011. The Company's basic and diluted earnings per share were $0.21 for the quarter ended March 31, 2012, compared to basic and diluted earnings per share of $0.11 ...continuedHFBL mortgage Financial banks
No related posts.
Heritage Bankshares, Inc. Announces Record First Quarter Net Income and Declares Dividends
NORFOLK, Va., April 25, 2012 /PRNewswire/ -- Heritage Bankshares, Inc. ("Heritage"; the "Company") (OTCBB: HBKS), the parent of Heritage Bank (the "Bank"), today announced unaudited financial results for the first quarter of 2012. The Company's net income for the first quarter of 2012 was a first quarter record of $630,000, compared to net income of $560,000 for the first quarter of 2011, an increase of $70,000, or 12.5%. After the impact of dividends on our outstanding preferred stock, ...continuedHBKS Banking Financial banks
No related posts.
Pembina Announces Offer to Purchase Series E and Series F 5.75% Convertible Debentures
CALGARY, April 24, 2012 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that in connection with its recently completed acquisition (the "Arrangement") of all of the outstanding shares of Provident Energy Ltd. ("Provident"), Pembina is making an offer to purchase for cash (the "Offer") its 5.75% convertible unsecured subordinated debentures maturing on December 31, 2017 ("Series E Debentures") (TSX Trading Symbol: PPL.DB.E), and its 5.75% convertible unsec...continuedPBA PPL.DB.C:CA PPL:CA Financial
No related posts.
Pembina Announces Offer to Purchase Series E and Series F 5.75% Convertible Debentures
CALGARY, April 24, 2012 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that in connection with its recently completed acquisition (the "Arrangement") of all of the outstanding shares of Provident Energy Ltd. ("Provident"), Pembina is making an offer to purchase for cash (the "Offer") its 5.75% convertible unsecured subordinated debentures maturing on December 31, 2017 ("Series E Debentures") (TSX Trading Symbol: PPL.DB.E), and its 5.75% convertible unsecured su...continuedPBA PPL.DB.C:CA PPL:CA Financial
No related posts.
First Financial Northwest, Inc. Reports Net Income of $622,000 or $0.04 Per Share for the First Quarter of 2012
RENTON, Wash., April 20, 2012 (GLOBE NEWSWIRE) -- First Financial Northwest, Inc. (the "Company") (Nasdaq:FFNW), the holding company for First Savings Bank Northwest (the "Bank"), today reported net income for the quarter ended March 31, 2012 of $622,000, or $0.04 per diluted share, compared to net income of $927,000, or $0.05 per diluted share for the quarter ended December 31, 2011 and net income of $1.4 million, or $0.08 per diluted share for the quarter ended March 31, 2011. "Our earnings remai...continuedFFNW Banking Financial
No related posts.
Bank Mutual Corporation Reports Higher Net Income for the First Quarter of 2012
MILWAUKEE, April 19, 2012 /PRNewswire/ -- Bank Mutual Corporation (NASDAQ: BKMU) reported net income of $1.2 million or $0.03 per diluted share in the first quarter of 2012 compared to $1.0 million or $0.02 per diluted share in the same quarter of 2011. The improvement in net income was principally due to lower provision for loan losses and higher gains on sales of loans. These developments were partially offset by higher net losses and expenses on foreclosed real estate, higher c...continuedBKMU bank banks Financial
No related posts.
Taylor Capital Group reports income before income taxes of $15.8 million for the first quarter of 2012
Results led by strong mortgage banking revenue and continued improvement in credit quality CHICAGO, April 19, 2012 /PRNewswire/ -- Taylor Capital Group, Inc. (the "Company") (NASDAQ: TAYC), the parent company of Cole Taylor Bank (the "Bank"), today reported results for the first quarter of 2012. (Logo: http://photos.prnewswire.com/prnh/20060605/CGM055LOGO) Net income for the first quarter of 2012 was $9.5 million, compared to $82.3 million for the fourth quarter of 2011. Income ...continuedTAYC Financial Banking banks
No related posts.
First Community Corporation Announces First Quarter Results and Cash Dividend
LEXINGTON, S.C., April 18, 2012 /PRNewswire/ -- Highlights 56% increase in net income available to common shareholders to $630,000 or $0.19 per share Continued payment of cash dividend Capital ratios of 9.77% (Tier 1 Leverage) and 17.62% (Total Capital) Loan portfolio quality better than peer with NPA ratio decreasing to 1.80% Organic pure deposit growth of 24.4% (annualized) Today, First Community Corporation (Nasdaq: FCCO), the holding company for First Community Ba...continuedFCCO Banking mortgage Financial
No related posts.
PIMCO Corporate & Income Strategy Fund, PIMCO High Income Fund, PIMCO Income Strategy Fund and PIMCO Income Strategy Fund II Adopt Fitch’s Updated Ratings Criteria
PIMCO Corporate & Income Strategy Fund (NYSE:PCN), PIMCO High Income Fund (NYSE:PHK), PIMCO Income Strategy Fund (NYSE:PFL) and PIMCO Income Strategy Fund II (NYSE:PFN) (each a "Fund" and collectively, the "Funds") today announced that, effective April 3, 2012, each Fund adopted amended and restated by-laws ("By-laws") that incorporate updated ratings criteria (the "New Fitch Criteria") issued by Fitch, Inc. ("Fitch") applicable to each Fund's outstanding auction rate preferred shares ("ARPS"). Th...continuedPCN PFL PFN PHK investment export Financial
No related posts.
Cobalt Coal Ltd. Announces the Closing of First Tranche of Private Placement of Convertible Debentures
CALGARY, ALBERTA--(Marketwire - April 16, 2012) - Cobalt Coal Ltd. (formerly Cobalt Coal Corp.) (TSX VENTURE:CCF) (" Cobalt " or the " Corporation ") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the " Offering "). Cobalt issued $300,000 principal amount of unsecured, convertible, redeemable debentures which bear interest at a rate of 12% per annum payable upon maturity (the " Debentures ") at a price of $1.00 per $1.00 princ...continuedCCF:CA Financial
No related posts.
Cobalt Coal Ltd. Announces the Private Placement of Convertible Debentures
CALGARY, ALBERTA--(Marketwire - March 21, 2012) - Cobalt Coal Ltd. (TSX VENTURE:CCF) (" Cobalt " or the " Corporation ") is pleased to announce that it intends to complete a non-brokered private placement of up to $1,000,000 of convertible redeemable debentures (the " Debentures "), which will mature 24 months from the date of issuance (the " Maturity Date ") and will bear interest at a rate of 12% per annum payable on the Maturity Date (the " Debenture Offering "). The Debentures will be convert...continuedCCF:CA Financial
No related posts.
Tree Island Wire Income Fund Announces Interest Payment on Debentures
RICHMOND, BRITISH COLUMBIA--(Marketwire - March 21, 2012) - Tree Island Wire Income Fund (TSX:TIL.UN) (the "Fund") announces an interest payment of $2.49315 on each $100 principal amount of its outstanding 10% second lien convertible debentures (TSX:TIL.DB) due November 26, 2014 (the "Debentures"), in respect of the period January 1, 2012 to March 31, 2012. Debenture holders of record as at March 31, 2012 will be entitled to such payments on April 30, 2012. Payment of interest in cash on April 30, ...continuedTIL.DB:CA TIL.UN:CA Financial
No related posts.
United Community Financial Corp. Announces Fourth Quarter Income of $7.9 Million; Improvements in Capital Ratios and Asset Quality
United Community Financial Corp. (Company) (Nasdaq: UCFC), holding company of The Home Savings and Loan Company of Youngstown, Ohio (Home Savings), today reported consolidated net income of $7.9 million, or $0.25 per diluted share, for the three months ended December 31, 2011. This compares to a net loss of $17.3 million, or $(0.56) per diluted share, for the three months ended December 31, 2010. Current earnings have been positively impacted by the successful completion of the sale of four branches a...continuedUCFC Financial bank Banking
No related posts.
First United Corporation Announces 2011 Fourth Quarter and Year End Earnings
OAKLAND, Md., March 12, 2012 /PRNewswire/ -- First United Corporation (NASDAQ: FUNC), a financial holding company and the parent company of First United Bank & Trust, announces consolidated net income available to common shareholders of $2.0 million for the year ended December 31, 2011, compared to a net loss attributable to common shareholders of $11.8 million for the same period of 2010. Basic and diluted net income per common share for the year ended December 31, 2011 were $.33, compared ...continuedFUNC Financial Banking banks
No related posts.
Savanna Energy Services Corp. Announces Q4 and Year-End 2011 Results and the Approval of a Monthly Dividend
CALGARY, ALBERTA--(Marketwire - March 8, 2012) - Based on 2011 operating results, expected cash flows for 2012, and the considerable flexibility provided by Savanna's current financial position, the Company believes it can continue to execute on its growth initiatives and sustain a regular dividend. As a result, Savanna's Board of Directors has approved a $0.03 per share monthly dividend, which equates to an annual dividend of $0.36 per share. The Company believes this dividend level represents a s...continuedSVY:CA Financial
No related posts.
Scott’s REIT announces financial results for the fourth quarter and year ended December 31, 2011
Re-leases 28 of 43 original disclai med properties Refinances Okotoks, AB mortgage Announces 76th consecutive monthly cas h distribution TORONTO, March 7, 2012 /CNW/ - Scott's Real Estate Investment Trust (TSX: SRQ.UN) ("Scott's REIT" or the "REIT") today reported its financial results for the fourth quarter and year ended December 31, 2011. The REIT also provided an update on re-leasing activities, announced the refinancing of its Okotoks, Alberta property and announced its monthly cash...continuedSRQ.UN:CA Financial
No related posts.