Asset Management

BrightSphere Reports Financial and Operating Results for the First Quarter Ended March 31, 2024

Retrieved on: 
Thursday, May 2, 2024
Finance, Banking, Professional Services, Automotive, Asset Management, Multimedia, Webcast

BrightSphere Investment Group Inc. (NYSE: BSIG) today announced its results for the first quarter ended March 31, 2024.

Key Points: 
  • BrightSphere Investment Group Inc. (NYSE: BSIG) today announced its results for the first quarter ended March 31, 2024.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240501121991/en/
    BrightSphere’s earnings presentation is available at:
    The Company will hold a conference call and simultaneous webcast to discuss the results at 11:00 a.m. Eastern Time today.
  • To listen to the call or view the webcast, participants should:

Sixth Street Specialty Lending, Inc. Reports First Quarter 2024 Earnings Results; Declares a Second Quarter Base Dividend Per Share of $0.46, and a First Quarter Supplemental Dividend Per Share of $0.06

Retrieved on: 
Wednesday, May 1, 2024
Banking, Asset Management, Professional Services, Finance, Webcast, ID, Telephone, Conference, Event

Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the first quarter ended March 31, 2024.
  • Please view a printable version of the 2024 First Quarter Results .
  • A conference call to discuss the Company’s financial results will be held at 8:30 a.m. Eastern Time on May 2, 2024.
  • The conference call will be broadcast live in listen-only mode on the Investor Resources section of TSLX’s website at https://sixthstreetspecialtylending.gcs-web.com/events-and-presentations .

Lincoln National Corporation’s Board of Directors Declares Series D Preferred Stock Dividend

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Other Professional Services, Finance, Asset Management, Banking, Personal Finance, Lincoln National Corporation, LNC

Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a quarterly dividend of $562.50 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.5625 per depositary share (NYSE: LNC PRD).

Key Points: 
  • Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a quarterly dividend of $562.50 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.5625 per depositary share (NYSE: LNC PRD).
  • The dividend will be payable June 1, 2024 to holders of record on May 15, 2024.
  • The ex-dividend date will be May 14, 2024.

Eton Advisors Welcomes Industry Veteran Brian Hughes as New President

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Banking, Personal Finance, Hughes, Multimedia, Ecosystem, Ultra, Growth, Management

Eton Advisors , a boutique multi-family office headquartered in Chapel Hill, North Carolina proudly announces the appointment of Brian Hughes as President.

Key Points: 
  • Eton Advisors , a boutique multi-family office headquartered in Chapel Hill, North Carolina proudly announces the appointment of Brian Hughes as President.
  • This strategic move marks a significant milestone for Eton Advisors as it charts a course for continued growth and advancement in its client-centric approach.
  • View the full release here: https://www.businesswire.com/news/home/20240501025003/en/
    Brian Hughes joins Eton Advisors as President to spearhead Eton's client strategy and growth initiatives.
  • Commenting on the appointment, Teresa Eriksson, Founding Partner of Eton Advisors, remarked, "Brian's appointment heralds a new chapter of growth and innovation for Eton.

Ellington Credit Company Announces Release Date of First Quarter 2024 Earnings, Conference Call, and Investor Presentation

Retrieved on: 
Wednesday, May 1, 2024
Banking, Asset Management, Professional Services, Finance, Telephone

Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024.

Key Points: 
  • Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024.
  • The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 15, 2024.
  • To participate in the event by telephone, please dial (800) 343-5419 at least 10 minutes prior to the start time and reference the conference code EARNQ124.
  • In connection with the release of financial results, the Company will post an investor presentation to accompany the conference call on its website at www.ellingtoncredit.com under "For Investors—Presentations" after market close on Tuesday, May 14, 2024.

Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for April 2024, includes Reg.-NMS Execution Statistics

Retrieved on: 
Wednesday, May 1, 2024
Banking, Asset Management, Professional Services, Finance, VWAP, Samsung Galaxy Note 3, IBKR, Samsung Galaxy Note 4, FDIC, Comprehensive income, Darts, Accumulated other comprehensive income, Bank

Note 1: Daily Average Revenue Trades (DARTs) – customer orders divided by the number of trading days in the period.

Key Points: 
  • Note 1: Daily Average Revenue Trades (DARTs) – customer orders divided by the number of trading days in the period.
  • Note 2: FDIC insured client bank deposit sweep program balances with participating banks.
  • Note 6: Consistent with the clients’ trading activity, the computed VWAP benchmark includes extended trading hours.
  • More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company’s corporate web site, www.interactivebrokers.com/ir .

Palmer Square Prices First CLO Issued From its Newly-Public BDC (“PSBD”)

Retrieved on: 
Tuesday, April 30, 2024
Banking, Asset Management, Professional Services, Finance, Bank of America, CLO, IPO, New York Stock Exchange, Bank, Growth, PSBD, Palmer Square

Palmer Square Capital Management (together with its affiliates, “Palmer Square”), a credit-focused asset management firm with over $30 billion in assets, has announced the pricing of Palmer Square BDC CLO 1, a $400.5 million collateralized loan obligation (“CLO”).

Key Points: 
  • Palmer Square Capital Management (together with its affiliates, “Palmer Square”), a credit-focused asset management firm with over $30 billion in assets, has announced the pricing of Palmer Square BDC CLO 1, a $400.5 million collateralized loan obligation (“CLO”).
  • The vehicle is secured by broadly syndicated loans held by Palmer Square Capital BDC Inc. (NYSE: PSBD) and will be managed by Palmer Square Capital BDC Inc. Palmer Square BDC CLO 1 is the first CLO transaction to be issued out of New York Stock Exchange-traded PSBD, which invests meaningfully in broadly syndicated loans as part of its opportunistic credit / total return investment strategy.
  • With the pricing of this CLO, the Palmer Square platform is actively managing 46 CLOs outstanding, totaling over $20 billion in assets (as of 4/8/24).
  • Year to date, Palmer Square has issued approximately $3.2 billion in CLOs including 2 new issue CLOs, 3 reset CLOs, and 1 refinanced CLO.

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

Retrieved on: 
Tuesday, April 30, 2024
Asset Management, Professional Services, Finance, Calendar, Life insurance

Under a managed distribution plan, to the extent that sufficient investment income is not available monthly, the fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution level.

Key Points: 
  • Under a managed distribution plan, to the extent that sufficient investment income is not available monthly, the fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution level.
  • Investors should not draw any conclusions about the fund’s investment performance from the amount of the fund’s distributions or from the terms of the fund’s managed distribution plan.
  • The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
  • A return of capital does not necessarily reflect a fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

Focus Financial Partners Appoints Michael Nathanson as Chief Executive Officer

Retrieved on: 
Tuesday, April 30, 2024
Legal, Insurance, Finance, Asset Management, Consulting, Banking, Accounting, Professional Services, Clayton, Dubilier & Rice, Interim, Marsh McLennan, Dubilier, Partnership, History, Management

Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced that Michael Nathanson, President of Focus, has been appointed the Company’s Chief Executive Officer, effective immediately.

Key Points: 
  • Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced that Michael Nathanson, President of Focus, has been appointed the Company’s Chief Executive Officer, effective immediately.
  • Dan Glaser, Chairman of Focus’ Board of Directors and Operating Partner at Focus’ majority investment partner, Clayton, Dubilier & Rice (“CD&R”), who had been serving as Interim CEO, has been named Executive Chairman.
  • These pivotal leadership appointments represent an important pillar of Focus’ continued evolution as a firm.
  • In his role as Executive Chairman, Mr. Glaser will remain involved in Focus’ business and setting its strategic direction.

Voya Financial announces first-quarter 2024 results

Retrieved on: 
Tuesday, April 30, 2024
Asset Management, Professional Services, Insurance, Finance, Corporation, Voya Financial, TTM, Investment management, VOYA, Retirement, Culture, Investment, Acquisition, Institution, EPS, Share repurchase, Allianz, Growth, Bank

Voya Financial, Inc. (NYSE: VOYA), announced today its first-quarter 2024 financial results:

Key Points: 
  • Voya Financial, Inc. (NYSE: VOYA), announced today its first-quarter 2024 financial results:
    First-quarter 2024 net income available to common shareholders of $234 million, or $2.24 per diluted share, and after-tax adjusted operating earnings1 of $185 million, or $1.77 per diluted share.
  • “In the first quarter of 2024, adjusted operating EPS grew 23% compared with the prior-year period, reflecting the strength of our diversified revenues and expense discipline,” said Heather Lavallee, chief executive officer, Voya Financial.
  • As of March 31, 2024, Voya had approximately $0.4 billion of excess capital.
  • In addition, Voya will host a conference call on Wednesday, May 1, 2024, at 10 a.m.