Rate

Melco Announces Extension of Maturity Date of Revolving Credit Facilities

Retrieved on: 
Monday, April 8, 2024
Annual report, Rate, COVID-19, Bank, Bank of China, MCO, Credit, Restatement, Security (finance)

MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.

Key Points: 
  • MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco” or the “Company”), a developer, owner, and operator of integrated resort facilities in Asia and Europe, today announces that the maturity date of its HK$14.85 billion (equivalent to US$1.92 billion) revolving credit facility (the “2020 Credit Facilities”) has been extended from April 29, 2025 to April 29, 2027.
  • The extension was made pursuant to a second amended and restated facility agreement dated April 8, 2024 (the “2024 Amendment and Restatement Agreement”).
  • Key terms such as facility size, pricing and financial covenants remain unchanged.
  • In connection with the 2024 Amendment and Restatement Agreement, MCO Nominee One agreed to pay a customary fee to the consenting lenders.

KraneShares China Internet & Covered Call ETF (Ticker: KLIP) Announces March Distribution, Delivering A Current Distribution Rate of 49.79%

Retrieved on: 
Thursday, March 28, 2024
Climate, ETF, Rate, Ticker, KLIP

NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- KraneShares, a leading global ETF provider specializing in China, climate, and uncorrelated assets, today announced a monthly distribution for the KraneShares China Internet & Covered Call Strategy ETF (Ticker: KLIP) in the amount of $0.611927 per share, representing a Monthly Distribution* of 4.06% and a current Distribution Rate** of 49.79%.

Key Points: 
  • NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- KraneShares, a leading global ETF provider specializing in China, climate, and uncorrelated assets, today announced a monthly distribution for the KraneShares China Internet & Covered Call Strategy ETF (Ticker: KLIP) in the amount of $0.611927 per share, representing a Monthly Distribution* of 4.06% and a current Distribution Rate** of 49.79%.
  • The Fund’s current 30-day SEC Yield, which excludes options income, is -0.05%.†
    The performance data quoted represents past performance.
  • For performance data current to the most recent month end, please visit kraneshares.com/klip .
  • Please refer to the table below for KLIP’s 12-month distribution history.

Dundee Corporation Holds the Line on Cost Reduction, Announces Fourth Quarter and Year-End Results

Retrieved on: 
Wednesday, March 27, 2024
DST, Environment, Rate, Corporation, Gold, Sale, Dundee Corporation, Thetford Mines, TSX, Investment, Engineering, Mining, Cryptocurrency

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2023.

Key Points: 
  • TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2023.
  • Reported a net loss from portfolio investments for the fourth quarter of 2023 of $0.8 million (2022 – income of $39.9 million).
  • For the year ended December 31, 2023, the Corporation reported a net loss from portfolio investments of $23.0 million (2022 – income of $53.6 million).
  • Reported consolidated general and administrative expenses for the current quarter of $2.5 million (2022 – $7.1 million), representing a 65% year-over-year decline as Dundee sustains momentum with cost-cutting initiatives.

Progress Announces First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, March 26, 2024
ARR, Environment, Rate, Form, Webcast, ASU, Acquisition, Form 10-K, Software, Table, Security (finance), Insurance, Progress, Annual report, GAAP, MOVEit, Cryptocurrency

BURLINGTON, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of infrastructure software, today announced financial results for its fiscal first quarter ended February 29, 2024.

Key Points: 
  • Progress will hold a conference call to review its financial results for the fiscal first quarter of 2024 at 5:00 p.m.
  • Progress furnishes certain non-GAAP supplemental information to our financial results.
  • A reconciliation of non-GAAP adjustments to Progress' GAAP financial results is included in the tables at the end of this press release.
  • Acquisition-related expenses – We exclude acquisition-related expenses in order to provide a more meaningful comparison of the financial results to our historical operations and forward-looking guidance and the financial results of less acquisitive peer companies.

Citigroup Announces $2.75 Billion Redemption of 3.352% Fixed Rate / Floating Rate Notes due 2025

Retrieved on: 
Tuesday, April 9, 2024
Banking, Professional Services, Finance, Rate, Inc., Citibank, Bank

Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).

Key Points: 
  • Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 3.352% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967MF56).
  • The redemption date for the notes is April 24, 2024 (the “redemption date”).
  • The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date.
  • Beginning on the redemption date, interest will no longer accrue on the notes.

Oportun Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Growth, Rate, EPS, ROE, Acquisition, Sale, Principal balance, Adjustment, End, GAAP, Earnings, Marketing

Originations – Aggregate Originations for the fourth quarter were $437 million, a decrease of 28% as compared to $610 million in the prior-year quarter.

Key Points: 
  • Originations – Aggregate Originations for the fourth quarter were $437 million, a decrease of 28% as compared to $610 million in the prior-year quarter.
  • Portfolio Yield – Portfolio Yield as of the end of fourth quarter was 32.7%, an increase of 100 basis points as compared to 31.7% in the prior-year quarter.
  • Revenue – Total revenue for the fourth quarter was $263 million, essentially flat as compared to total revenue of $262 million in the prior-year quarter.
  • Cost of Debt was 7.1% for the fourth quarter of 2023 as compared to 4.8% for the prior-year quarter.

MSIM ETF Assets Surpass $1 Billion with the Conversion of Two Mutual Funds to ETFs

Retrieved on: 
Monday, March 25, 2024
Banking, Asset Management, Professional Services, Finance, Growth, ETF, Rate, Eaton Vance, MSIM

Commenting on the ETF platform, Anthony Rochte, Global of Head of ETFs at MSIM, said: “We are pleased with the strong growth of MSIM’s ETF platform over the last year.

Key Points: 
  • Commenting on the ETF platform, Anthony Rochte, Global of Head of ETFs at MSIM, said: “We are pleased with the strong growth of MSIM’s ETF platform over the last year.
  • Surpassing $1 billion in assets under management demonstrates the strong demand for accessing our differentiated investment capabilities in the ETF wrapper.
  • As conversions, EVTR and EVSM offer clients our longstanding approach to income investing with the advantages of an ETF vehicle, including tax efficiency, transparency, value and trading flexibility, as well as a track record and scale.”
    These latest ETFs complement the existing MSIM active fixed income ETF offering, which includes: Calvert Ultra-Short Investment Grade ETF (NYSE Arca: CVSB), Eaton Vance Ultra-Short Income ETF (NYSE Arca: EVSB), Eaton Vance High Yield ETF (NYSE Arca: EVHY), Eaton Vance Intermediate Municipal Income (NYSE Arca: EVIM), and Eaton Vance Floating Rate ETF (NYSE Arca: EVLN).
  • Launched in 2023, MSIM’s ETF platform is comprised of 14 products, including six Calvert-branded ETFs, one Parametric-branded alternative income strategy, one Parametric-branded hedged equity strategy, and the six Eaton Vance-branded fixed income strategies.

First Rate Taps Global Marketing Leader and CEO April Rudin to Join Company’s Board of Directors

Retrieved on: 
Wednesday, March 20, 2024
Software, Banking, Professional Services, Fintech, Data Management, Technology, Asset Management, Artificial Intelligence, Data Analytics, Finance, Other Technology, Consulting, Marketing, RIAS, UHNW, AI, Rate, First-rate, Management

First Rate , a global leader in providing AI reporting and compliance services for the wealth management industry, has added global marketing strategist April Rudin , CEO of The Rudin Group , to its Board of Directors.

Key Points: 
  • First Rate , a global leader in providing AI reporting and compliance services for the wealth management industry, has added global marketing strategist April Rudin , CEO of The Rudin Group , to its Board of Directors.
  • “The wealth management industry is experiencing a significant transformation, and First Rate is at the forefront of this change.
  • “First Rate has been at the forefront of wealthtech and their reputation as a world-class leader in this space speaks for itself.
  • Rudin has been disrupting the financial services marketing landscape since 2008 with the founding of The Rudin Group.

Pembina Pipeline Corporation Announces Conversion Results for Series 17 Preferred Shares

Retrieved on: 
Monday, March 18, 2024
Oil, Gas, Energy, Series, Pembina Pipeline, PBA, PPL, Multimedia, TSX, Series 17, Rate, Security (finance)

Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2024.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240318885366/en/
    After taking into account all the conversion notices received from holders of its outstanding Series 17 Shares by the March 18, 2024 deadline for the conversion of the Series 17 Shares into Series 18 Shares, less than the 1,000,000 Series 17 Shares required to give effect to conversions into Series 18 Shares were tendered for conversion.

Guaranteed Rate Welcomes New Atlanta Branch Manager, Carlos Mata

Retrieved on: 
Thursday, March 28, 2024
Culture, Rate, Guaranteed Rate, SVP, Georgia State University, Branch, MBA, System, International business, National Association

CHICAGO, March 28, 2024 /PRNewswire/ -- Guaranteed Rate , the second largest retail mortgage lender in the country, expands nationwide commitment to the Latino homeowner community with the appointment of Carlos Mata as Atlanta Branch Manager.

Key Points: 
  • CHICAGO, March 28, 2024 /PRNewswire/ -- Guaranteed Rate , the second largest retail mortgage lender in the country, expands nationwide commitment to the Latino homeowner community with the appointment of Carlos Mata as Atlanta Branch Manager.
  • "We are thrilled to have Carlos Mata join our team as a Branch Manager to build upon his leadership and 30+ years serving our Latino community," said Camilo Escalante, Executive Director of Diverse Segments for Guaranteed Rate.
  • "With a homeownership rate of 54.2% and unemployment rate below 3%, they deserve the very best homebuying experience.
  • Mata's hire is part of a companywide commitment to bring the very best talent and resources to Guaranteed Rate offices coast to coast.