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PHILADELPHIA--(BUSINESS WIRE)--Armada Acquisition Corp. II (the “Company” or “AACI”) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol "AACIU" beginning on May 21, 2025. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary sh

NEW YORK--(BUSINESS WIRE)---- $BGY--The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”). Each Tender Offer commenced on April 17, 2025 and expired at 5:00 p.m. Eastern time on May 20, 2025. Based on preliminary information, the number of Shares properly tendered for each Fund and not withdrawn is noted in the table below. Fund Na

SAN FRANCISCO & FORT WORTH, Texas--(BUSINESS WIRE)--TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced the pricing of a secondary underwritten public offering of 21,000,000 shares of TPG’s Class A common stock, par value $0.001 per share (the “Common Stock”), at a price to the public of $47.25 per share, pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The offering consists

NEW YORK--(BUSINESS WIRE)---- $CODI #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP reminds investors who purchased Compass Group Diversified Holdings, LLC (“Compass” or the “Company”) (NYSE:CODI) securities to contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to the securities fraud class action lawsuit against the Company. [CONTACT FORM] The lawsuit was filed on behalf of investors who acquired

LOS ANGELES--(BUSINESS WIRE)--The Horror Section, the fan-owned 360 media company founded by iconic filmmaker and actor Eli Roth, announced today a strategic partnership with Patencio Development. Known for guiding pop culture brands to commercial success, Patencio will serve as a key partner in growing The Horror Section’s retail presence, and licensing strategy. With decades of experience elevating some of the most iconic names in fandom—including Hot Topic, Studio Ghibli, and Sega—Patencio D

PARAMUS, N.J.--(BUSINESS WIRE)--Longbridge Financial LLC, a leading national reverse mortgage lender and servicer, announced today the launch of Platinum Preserve, a first-of-its-kind feature for the company. The offering is available on its Platinum Max loans, a proprietary, non-Federal Housing Administration reverse mortgage program for homeowners age 55 and older 3. This new feature is designed to help senior homeowners tap into their home equity now while reserving a portion for future need

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (“KKR”) (NYSE: KKR) today announced that it has priced its previously announced offering of $550,000,000 aggregate principal amount of its 6.875% Subordinated Notes due 2065 (the “notes”). The notes will be subordinated obligations of KKR and will be fully and unconditionally guaranteed by KKR Group Partnership L.P. The underwriters have a 30-day option to purchase up to an additional $82,500,000 aggregate principal amount of notes, solely to cover

HOUSTON--(BUSINESS WIRE)--The Federal Home Loan Bank of Dallas (FHLB Dallas) and Texas Capital joined Covenant House Texas (Covenant House), community partners and local leaders on Friday to celebrate the opening of Covenant House, a safe haven for youth aged 18-24. FHLB Dallas provided a $750,000 grant through its flagship Affordable Housing Program (AHP). The AHP grant, which FHLB Dallas awarded through Texas Capital, supported the expansion of residential housing in Houston, Texas, for 52 un

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 11 classes of mortgage pass-through notes from J.P. Morgan Mortgage Trust 2025-5MPR (JPMMT 2025-5MPR). The pool comprises 306 first-lien, fixed rate residential mortgage loans with an aggregate principal balance of $405.3 million as of the cut-off date. The pool includes both non-agency (88.4%) and agency-eligible (11.6%) loans. The weighted average original credit score is 765, which is well within the prime mortgage range. KBRA’s

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Age

BOSTON--(BUSINESS WIRE)--ezCater, the #1 food tech platform for workplaces in the US, today announced that interim CEO Nihad Rahman has been appointed as CEO and will join the company’s Board of Directors. Sean Stanton, ezCater’s VP of Financial Planning & Analysis, has been named CFO. The appointments are effective immediately and are powerful signals of the company’s sustained growth and the strength of the current executive leadership team. “Nihad is the right leader for ezCater as the c

ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced the results of the Company’s 2025 Annual Meeting of Stockholders, which was held Friday, May 16. A replay of the meeting is available at www.ir.theice.com. Each of the ten director nominees received a majority of the votes cast “for” their election. Each director was elected to a one-year term. Stockholders approved an advisory resolution on executiv

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today announced that the Company’s Board of Directors and Executive Leadership Team have been evaluating potential strategic transactions to unlock shareholder value. “At Kraft Heinz, our goal has always been to make high-quality, great-tasting food for all and to keep consumers at the forefront of all we do, enabling us to drive profitable long-term growth and value creation,” said Kra

TEMPLE, Texas--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and First Heroes National Bank (First National) will attend a ceremonial check presentation for a U.S. Army Veteran, at 11:00 a.m., Wednesday, May 28, 2025. First National and FHLB Dallas awarded Retired U.S. Army Specialist Terry McCune a $25,000 Housing Assistance for Veterans (HAVEN) grant toward downpayment costs for his first home in Temple, Texas. Mr. McCune served in the U.S. Army from

SÃO PAULO--(BUSINESS WIRE)--XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that the Company’s Board of Directors approved the cancellation of existing treasury Class A shares held by the Company. The Company has cancelled in this date 12,053,924 Class A shares (2.2% of total shares). Total share count went from 540,052,383 to 527,998,459 after cancellation. About XP XP is a leading, technol

SÃO PAULO--(BUSINESS WIRE)--XP Inc. (NASDAQ: XP) (“XP” or the “Company”), a leading tech-enabled platform and a trusted pioneer in providing low-fee financial products and services in Brazil, reported today its financial results for the first quarter of 2025. Summary Operating Metrics (unaudited) 1Q25 1Q24 YoY 4Q24 QoQ Total Client Assets (in R$ bn) 1,328 1,177 13% 1,286 3% Total Net Inflow (in R$ bn) 24 13 79% 29 -19% Annualized Retail Take Rate 1.25% 1.24% 2 bps 1.33% -8 bps Active Clients (i

SÃO PAULO--(BUSINESS WIRE)--XP Inc. (Nasdaq: XP), announced today that its board of directors has approved a new share repurchase program. Under the repurchase program, XP may repurchase up to the amount in dollars equivalent to R$1.0 billion (one billion Brazilian Reais) of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on May 21st, 2025 continuing until the earlier of the completion

LAS VEGAS--(BUSINESS WIRE)--Seventy-three percent of CSOs are prioritizing growth from existing customers for 2025, according to a survey by Gartner, Inc. In a survey of 243 CSOs and senior sales leaders conducted from October through November 2024, Gartner found that 57% of CSOs see account retention and growth as a top-3 priority. Despite the importance of retaining and growing existing customers, many organizations are hindered by a customer value gap - as suppliers struggle to convert the p

COLUMBIA, Md.--(BUSINESS WIRE)--COPT Defense Properties (NYSE: CDP) (“COPT Defense” or the “Company”) announced today that its Board of Trustees declared a regular quarterly dividend of $0.305 per common share for the second quarter ending June 30, 2025. The second quarter 2025 dividend represents an annualized amount of $1.22 per share and is payable on July 16, 2025, to shareholders of record on June 30, 2025. In addition, the Company announced the publishing of its eleventh annual Corporate

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), announced today senior management will participate in Nareit’s REITWeek 2025 Investor Conference June 2-5 in New York City. The Company’s presentation package will be available online in the Investor Relations section of www.ltcreit.com. About LTC Properties LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mor