Month: April 2020

April 2020 Monthly Dividend of $0.055 Per ShareEstimated Book Value Per Share as of March 31, 2020 of $4.64Estimated GAAP net loss of $1.42 per share for the quarter ended March 31, 2020, including an estimated $1.66 per share of net realized and unrealized losses on RMBS and derivative instrumentsEstimated (22.2)% total return on equity for the quarterEstimated book value per share as of April 7, 2020 of approximately $4.83 to $4.93Estimated debt to equity leverage ratio as of April 7, 2020 of approximately 8.6x to 8.8xEstimated book value, net loss and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firmRMBS Portfolio Characteristics as of March 31, 2020Next Dividend Announcement Expected May 13, 2020Vero Beach, Fla., April 08, 2020 (GLOBE...

As a result of the pandemic, insurer finds ways to help customers, employees, agents and communities through its comprehensive “Apron Relief Program”MAYFIELD VILLAGE, OHIO, April 08, 2020 (GLOBE NEWSWIRE) — (NYSE: PGR) – Over the last few weeks, the entire country has faced hardship due to COVID-19. Progressive Insurance remains committed to assisting customers and today announced it is providing approximately $1 billion to them as a result of fewer claims that come with less frequent driving.“We understand how difficult and uncertain people’s lives are right now. While auto insurance might not be the most pressing topic on everyone’s mind, we know that finances could be. For our customers who have trusted us to be there in their times of need, we’re fulfilling that promise. We want them to know how much we care,” said Progressive...

PASCAGOULA, Miss., April 08, 2020 (GLOBE NEWSWIRE) — Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division officially started fabrication of the Arleigh Burke­-class (DDG 51) destroyer Ted Stevens (DDG 128) on Monday. The start of fabrication signifies the first 100 tons of steel have been cut.“As we begin this important milestone in the construction of another great warship, we look forward to continuing production and carrying on the extraordinary legacy of the Navy destroyer fleet,” Ingalls DDG 51 Program Manager George Nungesser said.The ship’s name honors former U.S. Sen. Ted Stevens, who served as a pilot in World War II and later as a senator representing Alaska. At the time he left office in 2009, he was the longest-serving Republican U.S. Senator in history.Ingalls has delivered 31 Arleigh Burke-class...

PEMBROKE, Bermuda, April 08, 2020 (GLOBE NEWSWIRE) — Altera Infrastructure L.P. (the “Partnership”) today announced that its subsidiary Teekay Knarr AS has entered into a contract amendment with AS Norske Shell, as operator for and on behalf of the Knarr field licence partners (the “Operator”), that extends the contract for the lease and operation of the Petrojarl Knarr FPSO (the “Vessel”) until at least March 2022.The vessel has been operating on the Knarr field since 2015 under a firm duration until March 2021, which included a further fee payable by the Operator if the contract was not extended through to 2025 and with additional extension options thereafter. The contract amendment includes a reduction in day rate from March 2021 to March 2022 and the removal of the fee payable by the Operator if the contract was not extended,...

CALGARY, Alberta, April 08, 2020 (GLOBE NEWSWIRE) — CEMATRIX Corporation (TSXV: CVX) (the “Company” or “CEMATRIX”) a North American leading manufacturer and supplier of technologically advanced cellular concrete products has appointed Gravitas Securities Inc. and Clarus Securities Inc. as co-lead agents to sell, by way of private placement on a commercially reasonable best efforts basis, up to 3,000 unsecured convertible debentures (a “Convertible Debenture”) of the Company at a price of $1,000 per Convertible Debenture for gross proceeds of up to $3,000,000. The co-lead agents involved within the financing are arm’s length to the Company.Each Convertible Debenture in the principal amount of $1,000 will pay 8.0% cash interest and will mature on the date that is 3 years from the issuance and can be convertible, at the election...

BOLTON, Ontario, April 08, 2020 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX VENTURE:TTR) is pleased to announce it has been recognized on the inaugural Financial Times’ (“FT”) Americas ranking, earning the 490th spot with a three-year compound annual growth rate (“CAGR”) of 18.8%. The FT list of America’s Fastest-Growing Companies rank entrants from across the Americas by their CAGR in revenues between 2015 and 2018.“We are honoured to be recognized by the Financial Times as one of the fastest growing companies in the Americas,” said Ted Daniel, CEO of Titanium. “This achievement is not only a testament to our strategic focus on our people and technology, but also reflects our commitment for responsible top-line growth. We expect our unwavering focus to deliver...

FITCHBURG, Mass., April 08, 2020 (GLOBE NEWSWIRE) — Micron Solutions, Inc. (OTCQB: MICR) (the “Company”), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., producing highly-engineered, innovative components requiring precision machining and injection molding, announced today the filing of its Form 15 certifying that it has less than 300 stockholders of record and deregistering its Common Stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and suspending its reporting obligations under Section 15(d) of the Exchange Act. The Company had previously filed its Form 25 relating to the delisting of its Common Stock on March 26, 2020, with its delisting becoming effective on April 6, 2020 and the Company’s Common Stock is now quoted...

TORONTO, April 08, 2020 (GLOBE NEWSWIRE) — CF Energy Corp., (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), an energy service provider in the People’s Republic of China (the ”PRC” or “China”) updates that, following the press release of January 27, 2020 regarding the outbreak and impact of the COVID-19 virus on the Group, the Group has experienced a significant drop in its business across all business segments in the first quarter of 2020 due to quarantine and travel restrictions in China. Such impact is expected to continue into the 2020 year. At this stage, it is premature for the Company to estimate the extent of the impact the virus may possibly have on business moving forward as it is dependent on the continuing containment status in China, speed of economic recovery and visitors returning...

CHANDLER, Ariz., April 08, 2020 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today provided an update on its expected March 2020 quarter net sales and the current business environment.  Microchip announced that its net sales for the quarter ending March 31, 2020 is expected to be up about 3% sequentially versus its revised guidance provided on March 2, 2020 of about flat sequentially.  Microchip also announced that it received record bookings for the March 2020 quarter and that its backlog for the June 2020 quarter is up about 9% from the March 2020 quarter backlog at the same point in time.Microchip, however, believes that the strength in bookings may be a result of customer concerns about supply chain disruptions due to the...

ST. LOUIS, April 08, 2020 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced that it is participating in the federal government’s new Paycheck Protection Program (PPP), administered by the Small Business Administration (SBA). This innovative program is aimed at providing financial assistance to small businesses that have been negatively impacted by the COVID-19 pandemic.Through an arrangement with Newtek Business Services Corp. (NASDAQ: NEWT), Stifel is making SBA PPP loan referrals through Newtek’s digital origination platform. In addition, Stifel has entered into a financing agreement with Newtek to provide funding for SBA PPP loans.“We are pleased to actively assist small business clients obtain the emergency funds needed to keep their operations running and employees on the payroll during this unprecedented...