Clos

Eagle Point Income Company Inc. Announces Second Quarter 2022 Financial Results

Retrieved on: 
Tuesday, August 16, 2022
Professional Services, Finance, U.S. Securities and Exchange Commission, CLO, EICA, Form 1099, Investor relations, NYSE, Private Securities Litigation Reform Act, Clos, SEC, Investment, Prospectus, Eastern Time Zone, Security (finance), Income, Calendar, Company, Mission statement, NAV, Depreciation, EIC, GAAP, Time, LIBOR, Conference, NII, Online gambling, Renewable energy, Bank, Life insurance, Music

Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced financial results for the quarter ended June 30, 2022, net asset value (NAV) as of June 30, 2022 and certain additional activity through July 31, 2022.

Key Points: 
  • Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced financial results for the quarter ended June 30, 2022, net asset value (NAV) as of June 30, 2022 and certain additional activity through July 31, 2022.
  • For the quarter ended June 30, 2022, the Company recorded a GAAP net loss of $17.9 million, or $2.56 per weighted average common share.
  • During the quarter ended June 30, 2022, the Company deployed $5.9 million in gross capital.
  • Additionally, and as previously announced, the Company declared distributions of $0.104167 per share on its Series A Term Preferred Stock, payable on August 31, 2022, September 30, 2022, October 31, 2022, November 30, 2022 and December 30, 2022 to stockholders of record as of August 11, 2022, September 12, 2022, October 11, 2022, November 10, 2022 and December 12, 2022, respectively.

Eagle Point Income Company Inc. Announces 12% Increase in Common Stock Distributions for Fourth Quarter 2022

Retrieved on: 
Thursday, August 11, 2022
Finance, Consulting, Professional Services, Other Professional Services, Asset Management, Company, U.S. Securities and Exchange Commission, NAV, Prospectus, CLO, Clos, Private Securities Litigation Reform Act, Calendar, Income, Security (finance)

The Company is a diversified, closed-end management investment company.

Key Points: 
  • The Company is a diversified, closed-end management investment company.
  • The Companys primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation, by investing primarily in junior debt tranches of CLOs.
  • In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities.
  • The Company is externally managed and advised by Eagle Point Income Management LLC.

BrightSpire Capital, Inc. Announces Second Quarter 2022 Financial Results

Retrieved on: 
Wednesday, August 3, 2022
Commercial Building & Real Estate, Construction & Property, REIT, CRE, Coronavirus, Phrase, Shareholder, REIT, Security (finance), COVID-19, Compliance, Public expenditure, NYSE, GAAP, Company, Clos, U.S. Securities and Exchange Commission, Industry, Investment, Forward-looking statement, ID, Telephone, Supplement, Internet, SEC, Bank, Online gambling

BrightSpire Capital, Inc. (NYSE: BRSP) (BrightSpire Capital or the Company) today announced its financial results for the second quarter ended June 30, 2022 and certain updates.

Key Points: 
  • BrightSpire Capital, Inc. (NYSE: BRSP) (BrightSpire Capital or the Company) today announced its financial results for the second quarter ended June 30, 2022 and certain updates.
  • A Second Quarter 2022 Supplemental Financial Report is available on the Shareholders Events and Presentations section of the Companys website at www.brightspire.com .
  • A reconciliation to net income/(loss) attributable to BrightSpire Capital common stockholders, the most directly comparable GAAP measure, is included in our full detailed Second Quarter 2022 Supplemental Financial Report and is available on our website at www.brightspire.com .
  • The Company will conduct a conference call to discuss the financial results on August 3, 2022 at 10:00 a.m.

Eagle Point Income Company Inc. Schedules Release of Second Quarter 2022 Financial Results on Tuesday, August 16, 2022

Retrieved on: 
Tuesday, August 2, 2022
Professional Services, Finance, CLO, Investor relations, Clos, NAV, U.S. Securities and Exchange Commission, NYSE, Telephone, Eastern Time Zone, Private Securities Litigation Reform Act, Income, Prospectus, Conference, Calendar, Company, Method, Security (finance), EIC, EICA, Risk management

Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced that it plans to report financial results for the quarter ended June 30, 2022 prior to the opening of the financial markets on Tuesday, August 16, 2022.

Key Points: 
  • Eagle Point Income Company Inc. (the Company) (NYSE: EIC, EICA) today announced that it plans to report financial results for the quarter ended June 30, 2022 prior to the opening of the financial markets on Tuesday, August 16, 2022.
  • The Company will discuss its financial results on a conference call on that day at 11:30 a.m. (Eastern Time).
  • Thomas P. Majewski, Chairman and Chief Executive Officer, will host the call along with Lena Umnova, Chief Accounting Officer.
  • The Company is externally managed and advised by Eagle Point Income Management LLC.

TPG RE Finance Trust, Inc. Reports Operating Results for the Quarter Ended June 30, 2022

Retrieved on: 
Tuesday, August 2, 2022
Commercial Building & Real Estate, Construction & Property, Professional Services, Finance, SOFR, Investment, Pandemic, Clos, U.S. Securities and Exchange Commission, NYSE, BMO Harris Bank, Solution, CECL, Securities Act of 1933, Securities Exchange Act of 1934, Risk, TPG, NASDAQ, GAAP, Webcast, Axos Bank, Company, Security (finance), Borrowing base, Growth, Coronavirus, Bank, Credit, Renewable energy, Real estate

TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) reported its operating results for the quarter ended June 30, 2022.

Key Points: 
  • TPG RE Finance Trust, Inc. (NYSE: TRTX) (TRTX or the Company) reported its operating results for the quarter ended June 30, 2022.
  • Weighted average risk rating of the Companys loan portfolio was 3.2 as of June 30, 2022.
  • The Company will realize a $4.4 million loss during the three months ended September 30, 2022, which was fully reserved as of June 30, 2022.
  • The Company issued a supplemental presentation detailing its second quarter 2022 operating results, which can be viewed at http://investors.tpgrefinance.com/ .

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution of $0.073 per Share

Retrieved on: 
Monday, August 1, 2022
Professional Services, Finance, Income, Sale, Trust, Time, Investment, CLO, Director, History, Compliance, Marketing, Board, Philosophy, Capital loss, Calendar, XMS Capital Partners, LLC, Communication, XAI, Form 1099, Security (finance), Life insurance, Clos, Trustee

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.

Quarterly Review

Retrieved on: 
Thursday, July 28, 2022
Update, AAA, ICE, Insurance, BBB, Clos, NAV, Maintenance, Angelo Gordon, Health, Risk, Bank, Household, Nord Stream, Policy, Company, Silver, ECB, Growth, ABS, Acceleration, Security (finance)

The Company announces that its quarterly review as at 30 June 2022 is now available, a summary of which is provided below.

Key Points: 
  • The Company announces that its quarterly review as at 30 June 2022 is now available, a summary of which is provided below.
  • The full quarterly review is available on the Companys website at:
    During the quarter market sentiment varied between growth and inflation concerns.
  • Tighter central bank policy accompanied by more uncertain forward guidance, and mixed economic data contributed to poor performance for risk assets.
  • The worsening inflationary picture has necessitated a more aggressive pace of interest rate hikes from many of the worlds central banks.

First Eagle Alternative Credit Announces Close of Over $1 Billion Fifth Direct Lending Fund

Retrieved on: 
Wednesday, July 27, 2022
Internet services technology, Investment, Company, GLOBE, Industry, Clos, Solution, First Eagle Investment Management, Information services, Technology, Health, EBITDA, Bank, Financial services

BOSTON, July 27, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Credit ("FEAC" or the Firm), the $21 billion credit platform of First Eagle Investments , today announced the close of its fifth direct lending fund at over $1 billion in total available capital, including leverage (the Direct Lending Fund V).

Key Points: 
  • BOSTON, July 27, 2022 (GLOBE NEWSWIRE) -- First Eagle Alternative Credit ("FEAC" or the Firm), the $21 billion credit platform of First Eagle Investments , today announced the close of its fifth direct lending fund at over $1 billion in total available capital, including leverage (the Direct Lending Fund V).
  • Our successful closing of Direct Lending Fund V is a validation of our industry oriented, direct lending business as a financing strategy for sponsor-backed, middle market companies.
  • First Eagle Alternative Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments with approximately $21 billion in assets under management as of June 30, 2022.
  • First Eagle Alternative Credit is a wholly owned subsidiary of First Eagle Investments.

Lynher Energy Announces Investment in UK Solar and Battery Equipment

Retrieved on: 
Monday, July 25, 2022
Other Energy, Environment, Finance, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, Green Technology, Hive, Acquisition, Carbon, Knowledge, CLO, Clos, Maintenance, Electricity, Solution, First Eagle Investment Management, Energy, Creativity, Farm, Overalls, Investment, Renewable energy, Financial services

Lynher Energy (Lynher) today announced it has acquired rights to build two solar battery farms, in aggregate of 96MW, and two independent battery facilities, in aggregate of 100MWh, at adjacent sites in the UK.

Key Points: 
  • Lynher Energy (Lynher) today announced it has acquired rights to build two solar battery farms, in aggregate of 96MW, and two independent battery facilities, in aggregate of 100MWh, at adjacent sites in the UK.
  • Lynher Energy is a joint venture between a Napier Park Global Capital (Napier Park) and Ethical Power (Ethical Power) and focuses on developing and managing solar power generation and battery-storage facilities.
  • Lynher Energy is the joint venture established by Napier Park Global Capital and Ethical Power to invest in large-scale solar and battery storage assets in the UK and Europe.
  • Ethical Power is a leader in the UK market for the financing, development, construction and maintenance of renewable energy projects.

Lance Davis joins Napier Park’s Real Assets investment team as Managing Director

Retrieved on: 
Monday, July 18, 2022
Banking, Professional Services, Finance, Acquisition, Investment, Solution, Trinity, Treasurer, Transport, Real assets, First Eagle Investment Management, CLO, Creativity, Clos, Trinity Industries, Trust, ABS, Commercial property, Financial services, Finance

Napier Park Global Capital (Napier Park) today announced that C. Lance Davis, most recently Treasurer at Trinity Industries, Inc. (Trinity), will join the firm as a Managing Director and senior member of Napier Parks Real Assets investment team.

Key Points: 
  • Napier Park Global Capital (Napier Park) today announced that C. Lance Davis, most recently Treasurer at Trinity Industries, Inc. (Trinity), will join the firm as a Managing Director and senior member of Napier Parks Real Assets investment team.
  • Manu Rana, Head of Real Assets Investments, said: Lance has already been an important contributor to the success of Napier Parks Real Assets investments, having worked as a primary counterparty to us for over a decade.
  • Lance Davis added: I am excited to join the Napier Park Real Assets team after working with them for more than ten years while at Trinity.
  • Napier Parks Real Assets investment experience across multiple industries and business sectors presents exciting investment opportunities, and I look forward to contributing to those endeavors.