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BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2025 and Update on NYSE Delisting
HOUSTON--(BUSINESS WIRE)--BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that Unit holders of record on July 15, 2025 will not receive a dividend payment for the quarter ended June 30, 2025. As provided in the Trust Agreement, a quarterly royalty payment by Hilcorp North Slope, LLC to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of revenue is determined by multiplying Royalty Production for each day in the cale
GMS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GMS Inc. - GMS
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GMS Inc. (NYSE: GMS) to SRS Distribution. Under the terms of the proposed transaction, shareholders of GMS will receive $110.00 in cash for each share of GMS that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the conside
U.S. Bancorp Comments on Dodd-Frank Act Stress Test Results
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp Comments on Dodd-Frank Act Stress Test Results
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 7/1/2025 Ex-Date- 7/15/2025 Record- 7/15/2025 Payable- 8/1/2025 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.055500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.049500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Inco
MRC GLOBAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of MRC Global Inc. - MRC
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of MRC Global Inc. (NYSE: MRC) to DNOW Inc. (NYSE: DNOW). Under the terms of the proposed transaction, shareholders of MRC will receive 0.9489 shares of DNOW for each share of MRC that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or
AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Certain Members of Health Care Service Corp Medicare & Supplemental Group Members
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of select members of Health Care Service Corp Medicare & Supplemental Group (HCSC Medicare & Supplemental Group) (Chicago, IL). At the same time, AM Best has removed from under review with developing implications and downgraded the Long-Term ICRs to “
BlackRock MuniVest Fund, Inc. (MVF) Announces Tender Offer in Conjunction with Results of the Quarterly Measurement Period of its Discount Management Program
NEW YORK--(BUSINESS WIRE)---- $MVF--BlackRock MuniVest Fund, Inc. (MVF) announced today the results of the Quarterly Measurement Period (as defined below) under its previously announced discount management program (the “Program”). MVF (the “Fund”) also announced the dates of its tender offer as a result of the occurrence of a Trigger Event (as defined below) at the end of the Quarterly Measurement Period with respect to the Fund. The Program is part of the Fund’s ongoing effort to manage its discount, e
Bank of Hawai‘i Announces New Vice Chair and Chief Financial Officer Bradley S. Satenberg
HONOLULU--(BUSINESS WIRE)--Bradley “Brad” S. Satenberg has been promoted to vice chair and chief financial officer at Bank of Hawaiʻi, following the retirement of Chief Financial Officer Dean Shigemura. In his newly expanded role, he will oversee Bank of Hawai‘i’s planning and forecasting, financial accounting and reporting, regulatory financial reporting, corporate taxation, and the overall budget and forecast for the company. This thoughtful leadership transition has been the focus of long-te
American Express Announces 2025 Preliminary Stress Capital Buffer Requirement
NEW YORK--(BUSINESS WIRE)--American Express Company (NYSE: AXP) today announced that the Federal Reserve set the company’s preliminary Stress Capital Buffer (“SCB”) requirement at 2.5 percent, effective October 1, 2025 through September 30, 2026, based on the results of the 2025 Comprehensive Capital Analysis and Review process. This is the minimum SCB requirement under the applicable regulations and is consistent with American Express’ previously disclosed SCB in effect through September 30, 2
RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--In accordance with the RiverNorth closed-end funds (the “Funds”) level distribution policies, the Funds have established the distribution dates for July, August and September 2025. The payments of the distributions are subject to Board approval. Ex Date Record Date Payable Date 7/15/2025 7/15/2025 7/31/2025 8/15/2025 8/15/2025 8/29/2025 9/15/2025 9/15/2025 9/30/2025 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Net Asset Value (NAV) as
SmartFinancial Sets Dates for Second Quarter Earnings Release and Conference Call
KNOXVILLE, Tenn.--(BUSINESS WIRE)--SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK) announces details for the release of its results for the Second Quarter of 2025. SmartFinancial plans to issue its earnings release for the second quarter of 2025 on Monday July 21, 2025, after market close, and will host a conference call on Tuesday, July 22, 2025, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 342904. A replay o
Morgan Stanley China A Share Fund, Inc. Announces Advisory Fee Reduction and Update on Performance-Related Conditional Tender Offer
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management announced today that, effective July 1, 2025, the annual advisory fee of Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”) will be reduced from an annual fee equal to 1.25% to an annual fee equal to 1.15% of the Fund’s average weekly net assets. In addition, the requirements of the Fund’s conditional tender offer announced on June 10, 2022 have not been met. Accordingly, the Fund will not be conducting a tender offer
JPMorganChase Regulatory Capital Update
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) has announced updated information relating to its third quarter dividend, common share repurchase program and regulatory capital requirements. Information can be found on the Firm’s Investor Relations website at jpmorganchase.com/ir/news. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase h
JPMorganChase Announces 2025 Dodd-Frank Act Stress Test Results
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorganChase” or the “Firm”) announced today that it has released the results of its company-run 2025 Dodd-Frank Act Stress Test for JPMorganChase and JPMorgan Chase Bank, National Association. Information can be found on the Firm's website at www.jpmorganchase.com under Investor Relations, Events & Presentations. JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America
Morgan Stanley Announces 7.5 Cents Dividend Increase and Authorization of a Renewed $20 Billion Multi-Year Common Equity Share Repurchase Program
NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) announced that it will increase its quarterly common stock dividend to $1.00 per share from the current $0.925 per share, beginning with the common stock dividend expected to be declared by the Firm’s Board of Directors in the third quarter of 2025. In addition, the Firm’s Board of Directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2
Wells Fargo Expects SCB to Decrease to 2.5% from 3.8% and Intends to Raise Dividend by 12.5% to $0.45
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2025 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Federal Reserve Board’s (FRB) calculations resulted in an expected stress capital buffer (SCB) for the Company below the minimum, and the Company therefore expects its SCB to decrease from 3.8% to the minimum of 2.5%, which represents a percentage amount of incremental capital the Company must hold above it
Pinnacle Financial Partners Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2025 financial results on Tuesday, July 15, 2025, after market close. It will also host a live webcast on Wednesday, July 16, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The second quarter 2025 earnings release will be available on the investor relations page of Pinnacle's website at investors.pnfp.com.
State Street Corporation Announces Planned 11% Dividend Increase and Preliminary Stress Capital Buffer Requirement
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced its intention to increase its per share common stock dividend by 11% to $0.84 in the third quarter of 2025, subject to consideration and approval by its Board of Directors. State Street continues to be authorized to repurchase common shares under its existing share repurchase program previously approved by its Board of Directors. The Company also announced today that it had completed the Federal Reserve’s 2025 Supervis
Informa TechTarget Reports Preliminary Q1 2025 Results
NEWTON, Mass.--(BUSINESS WIRE)--Informa TechTarget (Nasdaq: TTGT), a leading growth accelerator for the B2B Technology sector, today published results for the first quarter of 2025.
Angel Oak Financial Strategies Income Term Trust Declares July 2025 Distribution
ATLANTA--(BUSINESS WIRE)--Angel Oak Financial Strategies Income Term Trust Declares July 2025 Distribution