Month: January 2023

WILLIAMSBURG, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company’s Series B, Series C, and Series D Preferred Stock that were previously declared on January 27, 2020. The Board of Directors authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of beneficial interest of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on March 15, 2023 to shareholders of record as of February 28, 2023. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.4921875 per share of beneficial interest of the Company’s 7.875% Series C Cumulative Redeemable...

TORONTO, Jan. 23, 2023 (GLOBE NEWSWIRE) — Middlefield Group is pleased to announce we will be undertaking three mergers to create a more straightforward and cost-effective funds platform. The Manager believes these mergers will benefit unitholders of both the terminating and continuing funds, as the continuing funds will constitute larger and more liquid investments, resulting in tighter bid-ask spreads, lower expense ratios and unit prices that trade closer to their net asset value as compared to the terminating funds. Middlefield Healthcare Dividend ETF Middlefield Healthcare Dividend ETF (“Healthcare ETF”) (TSX:MHCD), established in 2014,   has a track record of providing tax-efficient monthly distributions and steady capital appreciation through investing in a high conviction, diversified portfolio of companies operating in...

TORONTO, Jan. 23, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on February 15, 2023 to holders of Common Shares of record on January 31, 2023. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price...

NORWICH, N.Y., Jan. 23, 2023 (GLOBE NEWSWIRE) — NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the quarter and year ended December 31, 2022. Net income for the year ended December 31, 2022 was $152.0 million, or $3.52 per diluted common share, compared to $154.9 million, or $3.54 per diluted share, in the prior year.Generated positive operating leverage of $21.7 million with total revenues increasing 8.1%, or $38.9 million, while operating expenses were higher by 6.0%, or $17.2 million. Net interest income in 2022 improved in comparison to 2021, primarily due to higher yields on earning assets due to increases in the Federal Reserve’s targeted Federal Funds rate combined with growth in earning assets, strongly overcoming a $17.6 million ($0.31 per diluted share)...

FORT WAYNE, Ind., Jan. 23, 2023 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.225 per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15 percent increase from the prior quarterly dividend. “This dividend increase will mark the 31st consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business,” commented Gregg Sengstack, Franklin Electric’s Chairperson and Chief Executive Officer. Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services,...

TORONTO, Jan. 20, 2023 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce the final annual 2022 capital gain distributions for Big Banc Split Corp. The distributions represent capital gains realized by Big Banc Split Corp. during the year. Shareholders of record at the close of business on January 27, 2023, will receive the 2022 annual capital gains distribution on February 1, 2023, and such gains will be applicable for the 2023 tax year. The final year-end capital gain distribution for Big Banc Split Corp. will be paid in cash. Details of the per-unit distribution amounts are as follows:Big Banc Split Corp. TickerSymbol Exchange Final Annual CapitalGains Distribution PerShareBig Banc Split Corp. – Class A Shares BNK TSX $1.9150About Purpose Investments Inc. Purpose Investments is an asset...

INDIANAPOLIS, Jan. 20, 2023 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE: KRG) announced today the allocations of the Company’s 2022 dividend distributions on its common stock. The allocations as they will be reported on Form 1099-DIV are as follows:Common Shares                      CUSIP   RecordDate   PayableDate   TotalDistributionper Share   OrdinaryDividend   CapitalGainDistribution     Non-TaxableDistribution 1   Section199ADividends 249803T300   1/7/2022   1/14/2022   $ 0.19   $ 0.16355     $ 0.02645       $ 0.00000   $ 0.1635549803T300   4/8/2022   4/15/2022     0.20     0.17216       0.02784         0.00000     0.1721649803T300   7/8/2022   7/15/2022     0.21     0.18077       0.02923         0.00000     0.1807749803T300   10/7/2022   10/14/2022     0.22     0.18938       0.03062         0.00000     0.18938            $ 0.82   $ 0.70586     $ 0.11414       $ 0.00000   $ 0.70586                    86.08 %     13.92 %            Represents...