Month: April 2021

WESTFIELD, Mass., April 20, 2021 (GLOBE NEWSWIRE) — Western New England Bancorp. Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that it has completed a private placement of $20 million in aggregate principal amount of its 4.875% fixed-to-floating rate subordinated notes due 2031 (the “Notes”) to certain qualified investors. Unless earlier redeemed, the Notes mature on May 1, 2031. The Notes will initially bear interest from the initial issue date to, but excluding, May 1, 2026, or the earlier redemption, at a fixed rate of 4.875% per annum, payable quarterly in arrears on May 1, August 1, November 1 and February 1 of each year, beginning August 1, 2021, and thereafter to, but excluding, the maturity date or earlier redemption. Beginning on May 1, 2026, the interest...

NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strategy & Finance, are scheduled to present to investors as part of a Global Investor Call hosted by Clarksons Platou Securities on Wednesday, April 21, 2021 at 9:00 am Eastern Time. The call will be broadcast via webcast and can be accessed through the Investor Relations section of Genco’s website, https://www.gencoshipping.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to access the Internet broadcast. About Genco Shipping & Trading LimitedGenco Shipping & Trading Limited transports iron ore, coal, grain,...

Við vinnslu á uppgjöri fyrsta ársfjórðungs hefur komið í ljós að afkoma samstæðu Kviku banka hf. („Kvika“ eða „bankinn“) er verulega umfram áætlanir. Áætlað er að sameiginleg afkoma Kviku, TM hf. og Lykils fjármögnunar hf. verði á bilinu 2.400 – 2.600 m.kr. fyrir skatta á fyrsta ársfjórðungi en þann 30. mars 2021 var afkomuspá Kviku sem birt hafði verið þann 28. janúar 2021,  tekin úr gildi í tengslum við samruna félaganna. Rekstur TM og Lykils mun koma inn í samstæðu Kviku frá og með 1. apríl 2021. Góður vöxtur þóknanatekna í eignastýringu og fyrirtækjaráðgjöf Vænt afkoma Kviku fyrir skatta er um 1.000 m.kr. sem er umtalsvert hærra en áætlun félagsins fyrir tímabilið gerði ráð fyrir. Ástæður fyrir betri afkomu má einkum rekja til hærri þóknanatekna í eignastýringu og fyrirtækjaráðgjöf en jafnframt voru fjárfestingartekjur einnig umfram...

While preparing the financial results for the first quarter it has become clear that Kvika banki hf. („Kvika“ or „the bank“) group results are significantly higher than expected. Estimated earnings for Kvika, TM hf. („TM“) and Lykill fjármögnun hf. („Lykill“) is between ISK 2,400 – 2,600 million before tax for the first quarter, but on 30 March 2021, in connection to the merger of the companies, it was announced that Kvika‘s earning forecast, published on 28 January 2021, was no longer valid. The operations of TM and Lykill will be a part of Kvika‘s group from and including 1 April 2021. Positive growth in commission income in Asset Management and Corporate Finance Kvika‘s estimated earnings before tax is around ISK 1,000 million, which is considerably higher than expected for the quarter. The reason for higher earnings can be mainly...

CALGARY, Alberta, April 20, 2021 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSX: PSK) is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on April 20, 2021 (the “Meeting“) in Calgary, Alberta. The resolutions approved at the Meeting were as follows: The resolution to appoint the eight (8) nominees as directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed, was passed by way of ballot and each of the directors received the following votes for their election:  James Estey 192,407,208 (99.54%)  Jane Gavan 185,617,053 (96.03%)  Margaret McKenzie 193,096,956 (99.90%)  Andrew Phillips 193,268,138 (99.98%)  Robert...

Steve Muehler – Equity Capital Market’s – Commercial Real Estate Equity Program is focused on “identifying market inefficiencies, recapitalizing or repositioning the real estate asset(s), and maximizing the subject property(s) cash flows.” • Geography – Nationwide • Investment Sizes – $2 Million USD Plus • Term – 16 to 20 Months • Loan-to-Value – Up to 90%, but up to 95% will be considered on a ‘case-by-case’ basis. • Investment Type – Value added, Distressed & Opportunistic. • Structure – Joint Venture, Preferred Equity, Mezzanine, General Partner Co-Investment • Asset Types – Condos, Multifamily, Retail, Mixed-Use, Manufactured Housing, Office, Senior Housing, Self-Storage, Hospitality, Industrial / Flex. • Capital Source – Pooled or Stand-alone Qualified Institutional Investors (no less than $50 Million Under Management). •...

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