Day: October 11, 2022

UNIONDALE, N.Y., Oct. 11, 2022 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (“Arbor”) (NYSE: ABR) today announced that its subsidiary, Arbor Realty SR, Inc. (the “Issuer”), has closed an offering of $150 million aggregate principal amount of 8.50% Senior Notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), outside the United States to non-United States persons in compliance with Regulation S under the Securities Act and to institutional accredited investors pursuant to the Securities Act. The Notes are the senior, unsecured obligations of the Issuer and are fully and unconditionally guaranteed on a senior, unsecured basis by Arbor. The Notes bear interest at a rate equal to...

LOS ANGELES, Oct. 11, 2022 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the larger independent commercial banks in California, today announced plans to release its financial results for the third quarter ended September 30, 2022 after the close of market on Wednesday, October 19, 2022.  On the following day, Thursday, October 20, 2022, management will host a conference call at 2:00 p.m. Eastern (11:00 a.m. Pacific). The call will be simultaneously broadcast over the Internet. Interested participants and investors may access the conference call by dialing 844-826-3037 (domestic) or 412-317-5182 (international) and referencing “Preferred Bank.” There will also be a live webcast of the call available at the Investor Relations section of Preferred Bank’s website at www.preferredbank.com. Preferred Bank’s Chairman...

MILWAUKEE, Oct. 11, 2022 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management (“AUM”) as of September 30, 2022 totaled $120.6 billion. Artisan Funds and Artisan Global Funds accounted for $57.8 billion of total firm AUM, while separate accounts and other AUM1 accounted for $62.8 billion.PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2         As of September 30, 2022 – ($ Millions)    Growth Team    Global Opportunities $18,077  Global Discovery 1,513  U.S. Mid-Cap Growth 10,789  U.S. Small-Cap Growth 3,140  Global Equity Team    Global Equity 440  Non-U.S. Growth 12,092  Non-U.S. Small-Mid Growth 6,193  China Post-Venture 161  U.S. Value Team    Value Equity 3,374  U.S. Mid-Cap Value 2,743  Value...

DENVER, Oct. 11, 2022 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its Colorado intrastate natural gas pipeline, Rocky Mountain Natural Gas LLC, doing business as Black Hills Energy, filed a rate review application with the Colorado Public Utility Commission requesting $12.3 million in new annual revenue. Black Hills Energy has invested over $120 million in safety, system integrity and reliability for more than 600 miles of natural gas pipeline infrastructure in Colorado since its last rate review in 2017. These critical investments were required to ensure the safe and reliable delivery of natural gas and transportation services and meet compliance requirements of state and federal regulations. “This rate review request reflects our commitment to our Colorado customers to deliver safe, reliable and cleaner...

SAN JOSE, Calif., Oct. 11, 2022 (GLOBE NEWSWIRE) — California Water Service’s Antelope Valley District led all water suppliers statewide in water savings during the month of August, saving 46.1% compared to August 2020. Company-wide, Cal Water customers also made strides, reducing water use for the fourth consecutive month and with 12 of the utility’s districts making the state’s list of water suppliers that achieved at least 15% in reductions. Statewide, as California saw a decrease in water usage of 10.5% in August compared to August 2020, Cal Water customers across the utility’s districts reduced water use by 12.3%. Cal Water districts accounted for 12% of the 95 systems that reached the 15% reduction goal. “We are proud of our customers’ continued conservation progress in August, especially those in Antelope Valley and all...

— Highlights Active Board Refreshment Process — — Amarin Has Engaged Proactively and Frequently with Sarissa — DUBLIN, Ireland and BRIDGEWATER, N.J., Oct. 11, 2022 (GLOBE NEWSWIRE) — Amarin Corporation plc (NASDAQ:AMRN) today issued the following statement in response to Sarissa Capital Management LP (“Sarissa”) on behalf of the Amarin Board of Directors: As a Board, we are unified and supportive of Amarin’s new strategic direction, and the actions management has taken to position the Company for growth and value creation. The Board believes there is tremendous runway for growth as Amarin’s strategic focus shifts toward expanding the business in Europe and other international markets, and recent actions to stabilize our U.S. business materialize. Amarin continues to progress on its comprehensive cost reduction...

ANDOVER, Mass., Oct. 11, 2022 (GLOBE NEWSWIRE) — Mercury Systems Inc. (NASDAQ: MRCY, www.mrcy.com), a leader in trusted, secure mission-critical technologies for aerospace and defense, will release its first quarter fiscal year 2023 financial results after the market close on Tuesday, November 1, 2022. Management will host a conference call and simultaneous webcast at 5:00 p.m. ET on the same day to discuss Mercury’s quarterly financial results, business highlights, and outlook. In addition, Company representatives may answer questions concerning business and financial developments and trends, the Company’s view on earnings forecasts, and other business and financial matters affecting the Company, the responses to which may contain information that has not been previously disclosed. To attend the conference call or...

SAN FRANCISCO, Oct. 11, 2022 (GLOBE NEWSWIRE) — The RealReal (Nasdaq: REAL)—the world’s largest online marketplace for authenticated, resale luxury goods—today announced that it will release its financial results for the third quarter ended September 30, 2022, after the market closes on November 8. The RealReal will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to review its financial results. Investors and analysts can access the call at https://register.vevent.com/register/BI570798c65d2445ef80ad275df793378d. The call will also be live webcast at investor.therealreal.com. The archived webcast will be available shortly after the call at investor.therealreal.com. About The RealReal Inc.The RealReal is the world’s largest online marketplace for authenticated, resale luxury goods, with more than 28 million...

Board Unanimously Rejected CSC Proposals as They Undervalued the Company BASSETT, Va., Oct. 11, 2022 (GLOBE NEWSWIRE) — Bassett Furniture Industries, Inc. (Nasdaq: BSET) today commented that its Board of Directors, in consultation with its independent financial and legal advisors, previously found that two unsolicited, preliminary non-binding proposals from CSC Generation Holdings, Inc. (“CSC”) to acquire Bassett significantly undervalued the Company and, as a result, rejected both proposals. The most recent proposal, which CSC has made public today, was for $21.00 per share in cash. Robert H. Spilman, Jr., Chairman and CEO, said, “CSC’s effort to make the proposal public does not change the fact that it undervalues the company. The Board, with the assistance of independent legal and financial advisors, carefully considered both...