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Brighthouse Financial Announces Preferred Stock Dividends and Related Depositary Share Distributions

Thu, 05/15/2025 - 17:33
CHARLOTTE, N.C.--(BUSINESS WIRE)--Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today that on June 25, 2025, holders of record as of June 10, 2025 (the “Record Date”) of (i) its depositary shares (the “Series A Depositary Shares” (Nasdaq: BHFAP)), each representing a 1/1,000th interest in a share of its 6.600% Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”), (ii) its depositary shares (the “Series B Depositary Shares” (N

KBRA Assigns Preliminary Ratings to Veros Auto Receivables Trust 2025-1

Thu, 05/15/2025 - 17:33
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by Veros Auto Receivables Trust 2025-1 (“VEROS 2025-1”), an auto loan ABS transaction. This transaction represents Veros Credit LLC (“Veros” or the “Company”) first term ABS securitization of 2025 and eighth overall. VEROS 2025-1 will issue four classes of notes totaling $238.49 million. The Notes are collateralized by a pool of auto loan contracts originated on an indirect basis mainly through independe

Western Union Announces $0.235 Quarterly Dividend

Thu, 05/15/2025 - 17:33
DENVER--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) announced today that its board of directors declared a quarterly cash dividend of $0.235 per common share, payable June 30, 2025, to stockholders of record at the close of business on June 16, 2025. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currenc

IGI Announces Increase in Quarterly Ordinary Common Share Dividend

Thu, 05/15/2025 - 17:33
HAMILTON, Bermuda--(BUSINESS WIRE)--International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has voted to increase the Company’s quarterly ordinary common share dividend to $0.05 per share, representing a 100% increase from the present rate of $0.025 per share per quarter. The first regular quarterly ordinary common share dividend at the new rate of $0.05 will be paid on June 18, 2025, to shareholders of record at the clos

Deep Track Capital Issues Letter to Fellow Dynavax Technologies Shareholders Detailing Critical Issues in Advance of Annual Meeting

Thu, 05/15/2025 - 17:33
GREENWICH, Conn.--(BUSINESS WIRE)--Deep Track Capital, LP, (together with its affiliates, “Deep Track” or “we”), one of the largest shareholders of Dynavax Technologies Corporation (NASDAQ: DVAX) (“Dynavax”, “DVAX” or the “Company”), with ownership of approximately 14.82% of the Company’s outstanding shares, today issued a letter to shareholders in connection with its nomination of four highly qualified candidates for election to the Company’s Board of Directors (the “Board”) at the 2025 Annual

Braze to Report First Quarter Fiscal 2026 Results

Thu, 05/15/2025 - 17:33
NEW YORK--(BUSINESS WIRE)--Braze (NASDAQ: BRZE), the leading customer engagement platform that empowers brands to Be Absolutely Engaging™, today announced it will release its financial results for the first quarter of fiscal year 2026, ended April 30, 2025, after U.S. financial markets close on Thursday, June 5, 2025. Braze will host a webcast conference call to discuss its financial results at 4:30 pm ET (1:30 pm PT) on the same day. The webcast will be available under the events section of ou

Scott Felder Homes Acquires Olivia Clarke Homes, Expanding Footprint in Dallas-Fort Worth Metroplex

Thu, 05/15/2025 - 17:33
AUSTIN, Texas--(BUSINESS WIRE)--Scott Felder Homes, a prominent homebuilder with operations in Austin, TX, San Antonio, TX, and Denver, CO, sponsored by investment firm Platform Ventures, today announced the acquisition of Olivia Clarke Homes, an award-winning homebuilder based in Texas’ Dallas-Fort Worth Metroplex. The acquisition marks a strategic move by Scott Felder Homes to expand its geographic reach and accelerate its growth in North Texas. With Olivia Clarke Homes’ strong presence in th

Barings Corporate Investors Reports Preliminary First Quarter 2025 Results and Announces Quarterly Cash Dividend Of $0.40 Per Share

Thu, 05/15/2025 - 17:33
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Corporate Investors (NYSE: MCI) (the "Trust") met on May 15, 2025, and would like to report its preliminary financial results for the first quarter of 2025. Financial Highlights(1) Three Months Ended March 31, 2025 Three Months Ended December 31, 2024   Total Amount Per Share(5) Total Amount Per Share(4) Net investment income(2) $ 7,057,100 $ 0.35 $ 10,560,460 $ 0.52 Net realized gains / (losses)(3) $ (4,509,539) $ (0.22) $ 2,48

Barings Participation Investors Reports Preliminary First Quarter 2025 Results and Announces Quarterly Cash Dividend Of $0.37 Per Share

Thu, 05/15/2025 - 17:33
CHARLOTTE, N.C.--(BUSINESS WIRE)--The Board of Trustees of Barings Participation Investors (NYSE: MPV) (the "Trust") met on May 15, 2025, and would like to report its preliminary financial results for the first quarter of 2025. Financial Highlights(1) Three Months Ended March 31, 2025 Three Months Ended December 31, 2024   Total Amount Per Share(5) Total Amount Per Share(4) Net investment income(2) $ 3,351,767 $ 0.31 $ 5,077,390 $ 0.48 Net realized (losses) / gains(3) $(2,063,056) $(0.19) $ 327

DAT redefines freight payments with Outgo acquisition

Thu, 05/15/2025 - 17:33
BEAVERTON, Ore.--(BUSINESS WIRE)--DAT Freight & Analytics has acquired Outgo Inc., adding fast, transparent payments to the industry’s largest freight marketplace. Outgo is a financial technology company and factoring service that automates invoice payments and other back-office functions for trucking companies. The acquisition reinforces DAT’s commitment to helping freight carriers find the best loads, book them quickly, and get paid almost instantly—all in one place. “Cash flow is the lif

AM Best Affirms Credit Ratings of Tokio Marine Canada Ltd.

Thu, 05/15/2025 - 17:33
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Tokio Marine Canada Ltd. (TMC) (Toronto, ON). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect TMC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The very strong balanc

Peter Nelson Elected to Lead Dorsey & Whitney LLP

Thu, 05/15/2025 - 17:33
MINNEAPOLIS--(BUSINESS WIRE)--Partner Peter Nelson was elected to serve as the Managing Partner of Dorsey & Whitney LLP by its Policy Committee, the international law firm announced today. Peter will begin his three-year term as Managing Partner of Dorsey on July 1, 2025. He will succeed current Dorsey Managing Partner Bill Stoeri. Peter is a banking industry lawyer at Dorsey, which has more than 600 lawyers in 21 offices in the United States, Canada, Europe, and Asia. “Peter is a great com

KBRA Assigns Preliminary Ratings to Oceanview Mortgage Trust 2025-INV2 (BVINV 2025-2)

Thu, 05/15/2025 - 17:33
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to 72 classes of mortgage-backed securities from Oceanview Mortgage Trust 2025-INV2 (BVINV 2025-2). The transaction is backed entirely by prime, investment-purpose mortgage loans. Approximately 99.7% of the loans in this pool are agency eligible. The BVINV 2025-2 pool consists of 984 first-lien, fixed rate mortgages with an aggregate principal balance of approximately $310.1 million as of the May 1, 2025 cut-off date. The pool is chara

AM Best Affirms Credit Ratings of Lumen Re Ltd.

Thu, 05/15/2025 - 14:33
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Lumen Re Ltd. (Lumen Re) (Bermuda). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Lumen Re’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). Lumen Re’s risk-adjusted capita

Lynq, the Real-Time Yield-Bearing Settlement Network, Appoints Jerald David as CEO

Thu, 05/15/2025 - 14:33
NEW YORK--(BUSINESS WIRE)--Lynq, the real-time, yield-bearing settlement network for digital assets, today announced the appointment of Jerald David as its Chief Executive Officer. A seasoned leader in digital assets innovation and financial infrastructure, Jerald David previously served as President of Arca Labs since 2019. Announced in April 2025, Lynq was developed through a collaboration between Arca Labs, Tassat Group, and tZERO Group. “Lynq is on a mission to provide a settlement solution

NextLight Enables Rapid Business Innovation With Calix SmartBiz, Building on Achievement As Colorado’s First Gig City

Thu, 05/15/2025 - 14:33
SAN JOSE, Calif.--(BUSINESS WIRE)---- $CALX #calix--Calix, Inc. (NYSE: CALX) today announced that NextLight—a municipally-owned broadband service provider (BSP)—is leveraging Calix SmartBiz™ and the Calix Broadband Platform as their comprehensive small business service solution for Longmont, Colorado. NextLight, renowned for exceptional residential experiences—especially among gamers—is now helping support local economic growth with SmartBiz, a purpose-built managed service to enhance productivity, efficiency,

Riskified Expands Reach with AWS Marketplace Listing and Achieves AWS Accelerate Partner Status

Thu, 05/15/2025 - 14:33
NEW YORK--(BUSINESS WIRE)--Riskified joins AWS Accelerate partner program and launches on AWS Marketplace, bringing AI fraud prevention to global merchants.

Altria Holds 2025 Annual Meeting of Shareholders; Declares Regular Quarterly Dividend of $1.02 Per Share

Thu, 05/15/2025 - 14:33
RICHMOND, Va.--(BUSINESS WIRE)---- $MO #Altria--ALTRIA HOLDS 2025 ANNUAL MEETING OF SHAREHOLDERS; DECLARES REGULAR QUARTERLY DIVIDEND OF $1.02 PER SHARE

MTUS Investors Have Opportunity to Join Metallus Inc. Fraud Investigation with the Schall Law Firm

Thu, 05/15/2025 - 14:33
LOS ANGELES--(BUSINESS WIRE)--MTUS Investors Have Opportunity to Join Metallus Inc. Fraud Investigation with the Schall Law Firm

LANDSEA HOMES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Landsea Homes Corporation - LSEA

Thu, 05/15/2025 - 14:33
NEW YORK & 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 Landsea Homes Corporation (NasdaqCM: LSEA) to New Home Co. Under the terms of the proposed transaction, shareholders of Landsea will receive $11.30 in cash for each share of Landsea that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or

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