Latest Capital Trust (CT) Headlines Fashion-Tec
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Posted On: 03/13/2014 10:23:20 PM
Latest Capital Trust (CT) Headlines
Fashion-Tech Startup STYLEMATIC Hosts Launch Party and Fashion Show in San Francisco
Business Wire - Wed Feb 05, 5:32AM CST
Hot fashion-tech startup, STYLEMATIC, announces its launch party and fashion show Feb. 18, 2014 at Broadway Studios, 435 Broadway in the North Beach district of San Francisco at 7:00 p.m. The event introduces a fun and addictive mobile app that delivers style recommendations and instantly complements user preferences. The app leverages its user base to provide a global, crowd-sourced perspective for personalizing fashion recommendations.
M&T Bank Corporation Announces Redemption of M&T Capital Trust IV Enhanced Trust Preferred Securities
PR Newswire - Tue Jan 28, 3:05PM CST
M&T Bank Corporation ("M&T") (NYSE: MTB) announced today that it will redeem all of the issued and outstanding 8.5% Enhanced Trust Preferred Securities ("TruPS") issued by M&T Capital Trust IV - CUSIP - 55292C203 - (NYSE: MTBPrA) on February 27, 2014 (the "redemption date"). M&T is concurrently redeeming in whole the junior subordinated debt securities held by M&T Capital Trust IV which underlie the TruPS. The aggregate principal amount of TruPS outstanding is $350 million. The redemption price will be $25.00 per trust preferred security, which represents 100% of the liquidation amount, together with any accrued and unpaid interest up to but excluding the redemption date. Further terms of the redemption are set forth in a redemption notice being disseminated to the holders of the TruPS. The paying agent is The Bank of New York Mellon Corporation, 101 Barclay Street, Floor 8 West, New York, New York 10286.
NQ Mobile inks deal to power Sprint Android devices
M2 - Thu Jan 16, 8:21AM CST
NQ Mobile (NYSE: NQ) and Sprint (NYSE: S) have signed a definitive agreement for NQ Mobile to collaborate and deliver the next generation of Sprint ID, powered by NQ Live, on all new Sprint Android-powered smartphones in the US market later this year.
SCM Real Estate Services Merges with Coldwell Banker Commercial Alliance
PR Newswire - Tue Jan 14, 1:19PM CST
Leveraging its expertise and reputation in North Texas, SCM Real Estate Services has merged with New York-based Coldwell Banker Commercial® Alliance, a rapidly expanding real estate brokerage firm focused on private investors and small to mid-cap businesses.
Four Springs Capital Trust Fourth Quarter 2013 Property Acquisitions
Business Wire - Wed Jan 08, 9:27AM CST
Four Springs Capital Trust ("FSCT" or the "Company") acquired an additional 116,782 square feet of net leased properties to its portfolio during the fourth quarter of 2013. The total consists of (i) a 100,000 square foot build-to-suit industrial building net leased to a subsidiary of Monsanto Company (NYSE: MON) (the lease guarantor) and (ii) a 16,782 square foot kidney dialysis clinic building net leased to a subsidiary of Fresenius Medical Care (NYSE: FMS) (the lease guarantor).
Corporate Capital Trust Announces Special Year-End Distribution
PRWeb - Fri Dec 20, 3:17PM CST
Corporate Capital Trust, a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, announced that on January 2, 2014 the company will pay a special one-time cash distribution of $0.03 per share to shareholders of record as of December 31, 2013. The company also announced that the distributions declared by its Board of Directors for the first quarter of 2014 will remain at $0.015004 per share per week, or $0.7802 on an annualized basis.
Corporate Capital Trust Announces Offering Price Increase
PRWeb - Wed Dec 18, 9:05AM CST
The Board of Directors of Corporate Capital Trust, a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, announced that due to an increase in the company's net asset value per share, the company will increase its public offering price per share from $11.20 to $11.30. This pricing is effective for share subscriptions accepted after Dec. 11, 2013, and ensures that Corporate Capital Trust's net asset value per share does not exceed its net offering price per share.
Corporate Capital Trust Reports Third Quarter Results
PRWeb - Fri Nov 15, 3:04PM CST
Corporate Capital Trust, a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, has released its financial results for the quarter ended Sept. 30, 2013.
Four Springs Capital Trust Announces Closing on $10,000,000 Line of Credit October 18, 2013
Business Wire - Fri Oct 18, 1:12PM CDT
Four Springs Capital Trust ("FSCT" or the "Company") announced today that it closed on a Line of Credit with Two River Community Bank, Tinton Falls, New Jersey, in the amount of $10,000,000.
Corporate Capital Trust Increases Lending Capacity
PRWeb - Wed Sep 11, 11:36AM CDT
Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, announced that it has closed on a new senior secured revolving credit facility in the initial amount of $285 million. J.P. Morgan Securities and ING Capital served as the joint lead-arrangers of the facility, with nine commercial banks participating in the initial lending syndicate. This credit facility is set to mature in September 2017 and is expandable to $600 million.
Valley National Bancorp Receives Regulatory Approval To Redeem Trust Preferred Securities
PR Newswire - Wed Aug 28, 4:51PM CDT
Valley National Bancorp ("Valley") (NYSE: VLY), the holding company for Valley National Bank today announced that it received approval from the Federal Reserve Bank of New York to redeem all of the outstanding 7 3/4% Trust Preferred Securities issued by VNB Capital Trust I totaling $127.3 million. In connection with this redemption, Valley will also redeem the related outstanding junior subordinated debentures issued by the holding company. Valley expects to deliver a notice of redemption to the holders of the Trust Preferred Securities within the next 60 days.
S.Y. Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share
Business Wire - Wed Aug 21, 6:00AM CDT
S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on October 1, 2013, to stockholders of record as of September 9, 2013.
Corporate Capital Trust Reports Second Quarter Results
PRWeb - Tue Aug 20, 6:31PM CDT
Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, has released its financial results for the quarter ended June 30, 2013.
Enterprise Financial Announces Conversion of $20 Million of Trust Preferred Securities Into Common Stock
GlobeNewswire - Thu Aug 15, 4:00PM CDT
Enterprise Financial Services Corp (Nasdaq:EFSC) (the "Company") announced that the holder of $20 million of aggregate face amount of the trust preferred securities issued by EFSC Capital Trust VIII, a Delaware statutory trust and wholly owned subsidiary of the Company, has elected to convert its trust preferred securities to shares of common stock of the Company in accordance with their terms. The Company agreed to issue 25,060 shares of additional common stock to the holder as an inducement for the conversion. The converted trust preferred securities represented approximately 80% of the previously outstanding face amount. Pursuant to their terms, the trust preferred securities converted to 1,151,410 shares of common stock.
Fitch Upgrades 2 Classes of Capital Trust 2004-1
Business Wire - Wed Aug 14, 3:33PM CDT
Fitch Ratings has upgraded two and affirmed four classes of Capital Trust RE CDO 2004-1 (Capital Trust 2004-1) reflecting Fitch's base case loss expectation of 47.8%. Fitch's performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines. A detailed list of rating actions follows at the end of this release.
Four Springs Capital Trust Announces Property Acquisition
Business Wire - Tue Aug 13, 7:30AM CDT
Four Springs Capital Trust ("FSCT" or the "Company") announced today that it closed on the acquisition of an 8,122 square foot retail property net leased to Bridgestone Retail Operations in Lisle, Du Page County, Illinois.
Fitch Affirms Capital Trust 2005-1
Business Wire - Fri Aug 09, 2:08PM CDT
Fitch Ratings has affirmed eight classes of Capital Trust RE CDO 2005-1 (Capital Trust 2005-1). Fitch's base case loss expectation for the transaction is 61.4%. Fitch's performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines. A detailed list of rating actions follows at the end of this release.
A.M. Best Affirms Ratings of Alterra Capital Holdings Limited and Its Operating Subsidiaries
Business Wire - Fri Aug 09, 9:38AM CDT
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of Alterra Bermuda Limited (Alterra Bermuda) and its affiliated operating companies.
Santander UK plc Announces an Offer to Purchase for Cash Any and All of Certain Outstanding Non-Cumulative Trust Preferred Securities of Abbey National Capital Trust I
Business Wire - Tue Jul 30, 2:37AM CDT
Santander UK plc (formerly known as Abbey National plc) (the "Company") announces an offer (the "Offer") to holders of 8.963% Non-Cumulative Trust Preferred Securities issued by Abbey National Capital Trust I (the "Securities") to purchase for cash any and all such Securities for the tender offer consideration (the "Tender Offer Consideration") set forth in the table below. The Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated July 30, 2013 (the "Offer to Purchase").
Fashion-Tech Startup STYLEMATIC Hosts Launch Party and Fashion Show in San Francisco
Business Wire - Wed Feb 05, 5:32AM CST
Hot fashion-tech startup, STYLEMATIC, announces its launch party and fashion show Feb. 18, 2014 at Broadway Studios, 435 Broadway in the North Beach district of San Francisco at 7:00 p.m. The event introduces a fun and addictive mobile app that delivers style recommendations and instantly complements user preferences. The app leverages its user base to provide a global, crowd-sourced perspective for personalizing fashion recommendations.
M&T Bank Corporation Announces Redemption of M&T Capital Trust IV Enhanced Trust Preferred Securities
PR Newswire - Tue Jan 28, 3:05PM CST
M&T Bank Corporation ("M&T") (NYSE: MTB) announced today that it will redeem all of the issued and outstanding 8.5% Enhanced Trust Preferred Securities ("TruPS") issued by M&T Capital Trust IV - CUSIP - 55292C203 - (NYSE: MTBPrA) on February 27, 2014 (the "redemption date"). M&T is concurrently redeeming in whole the junior subordinated debt securities held by M&T Capital Trust IV which underlie the TruPS. The aggregate principal amount of TruPS outstanding is $350 million. The redemption price will be $25.00 per trust preferred security, which represents 100% of the liquidation amount, together with any accrued and unpaid interest up to but excluding the redemption date. Further terms of the redemption are set forth in a redemption notice being disseminated to the holders of the TruPS. The paying agent is The Bank of New York Mellon Corporation, 101 Barclay Street, Floor 8 West, New York, New York 10286.
NQ Mobile inks deal to power Sprint Android devices
M2 - Thu Jan 16, 8:21AM CST
NQ Mobile (NYSE: NQ) and Sprint (NYSE: S) have signed a definitive agreement for NQ Mobile to collaborate and deliver the next generation of Sprint ID, powered by NQ Live, on all new Sprint Android-powered smartphones in the US market later this year.
SCM Real Estate Services Merges with Coldwell Banker Commercial Alliance
PR Newswire - Tue Jan 14, 1:19PM CST
Leveraging its expertise and reputation in North Texas, SCM Real Estate Services has merged with New York-based Coldwell Banker Commercial® Alliance, a rapidly expanding real estate brokerage firm focused on private investors and small to mid-cap businesses.
Four Springs Capital Trust Fourth Quarter 2013 Property Acquisitions
Business Wire - Wed Jan 08, 9:27AM CST
Four Springs Capital Trust ("FSCT" or the "Company") acquired an additional 116,782 square feet of net leased properties to its portfolio during the fourth quarter of 2013. The total consists of (i) a 100,000 square foot build-to-suit industrial building net leased to a subsidiary of Monsanto Company (NYSE: MON) (the lease guarantor) and (ii) a 16,782 square foot kidney dialysis clinic building net leased to a subsidiary of Fresenius Medical Care (NYSE: FMS) (the lease guarantor).
Corporate Capital Trust Announces Special Year-End Distribution
PRWeb - Fri Dec 20, 3:17PM CST
Corporate Capital Trust, a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, announced that on January 2, 2014 the company will pay a special one-time cash distribution of $0.03 per share to shareholders of record as of December 31, 2013. The company also announced that the distributions declared by its Board of Directors for the first quarter of 2014 will remain at $0.015004 per share per week, or $0.7802 on an annualized basis.
Corporate Capital Trust Announces Offering Price Increase
PRWeb - Wed Dec 18, 9:05AM CST
The Board of Directors of Corporate Capital Trust, a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, announced that due to an increase in the company's net asset value per share, the company will increase its public offering price per share from $11.20 to $11.30. This pricing is effective for share subscriptions accepted after Dec. 11, 2013, and ensures that Corporate Capital Trust's net asset value per share does not exceed its net offering price per share.
Corporate Capital Trust Reports Third Quarter Results
PRWeb - Fri Nov 15, 3:04PM CST
Corporate Capital Trust, a business development company that provides individuals the opportunity to invest in the debt of privately owned American companies, has released its financial results for the quarter ended Sept. 30, 2013.
Four Springs Capital Trust Announces Closing on $10,000,000 Line of Credit October 18, 2013
Business Wire - Fri Oct 18, 1:12PM CDT
Four Springs Capital Trust ("FSCT" or the "Company") announced today that it closed on a Line of Credit with Two River Community Bank, Tinton Falls, New Jersey, in the amount of $10,000,000.
Corporate Capital Trust Increases Lending Capacity
PRWeb - Wed Sep 11, 11:36AM CDT
Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, announced that it has closed on a new senior secured revolving credit facility in the initial amount of $285 million. J.P. Morgan Securities and ING Capital served as the joint lead-arrangers of the facility, with nine commercial banks participating in the initial lending syndicate. This credit facility is set to mature in September 2017 and is expandable to $600 million.
Valley National Bancorp Receives Regulatory Approval To Redeem Trust Preferred Securities
PR Newswire - Wed Aug 28, 4:51PM CDT
Valley National Bancorp ("Valley") (NYSE: VLY), the holding company for Valley National Bank today announced that it received approval from the Federal Reserve Bank of New York to redeem all of the outstanding 7 3/4% Trust Preferred Securities issued by VNB Capital Trust I totaling $127.3 million. In connection with this redemption, Valley will also redeem the related outstanding junior subordinated debentures issued by the holding company. Valley expects to deliver a notice of redemption to the holders of the Trust Preferred Securities within the next 60 days.
S.Y. Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share
Business Wire - Wed Aug 21, 6:00AM CDT
S.Y. Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, Indianapolis and Cincinnati metropolitan markets, today announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on October 1, 2013, to stockholders of record as of September 9, 2013.
Corporate Capital Trust Reports Second Quarter Results
PRWeb - Tue Aug 20, 6:31PM CDT
Corporate Capital Trust, a business development company that offers individuals the opportunity to invest in the debt of privately owned American companies, has released its financial results for the quarter ended June 30, 2013.
Enterprise Financial Announces Conversion of $20 Million of Trust Preferred Securities Into Common Stock
GlobeNewswire - Thu Aug 15, 4:00PM CDT
Enterprise Financial Services Corp (Nasdaq:EFSC) (the "Company") announced that the holder of $20 million of aggregate face amount of the trust preferred securities issued by EFSC Capital Trust VIII, a Delaware statutory trust and wholly owned subsidiary of the Company, has elected to convert its trust preferred securities to shares of common stock of the Company in accordance with their terms. The Company agreed to issue 25,060 shares of additional common stock to the holder as an inducement for the conversion. The converted trust preferred securities represented approximately 80% of the previously outstanding face amount. Pursuant to their terms, the trust preferred securities converted to 1,151,410 shares of common stock.
Fitch Upgrades 2 Classes of Capital Trust 2004-1
Business Wire - Wed Aug 14, 3:33PM CDT
Fitch Ratings has upgraded two and affirmed four classes of Capital Trust RE CDO 2004-1 (Capital Trust 2004-1) reflecting Fitch's base case loss expectation of 47.8%. Fitch's performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines. A detailed list of rating actions follows at the end of this release.
Four Springs Capital Trust Announces Property Acquisition
Business Wire - Tue Aug 13, 7:30AM CDT
Four Springs Capital Trust ("FSCT" or the "Company") announced today that it closed on the acquisition of an 8,122 square foot retail property net leased to Bridgestone Retail Operations in Lisle, Du Page County, Illinois.
Fitch Affirms Capital Trust 2005-1
Business Wire - Fri Aug 09, 2:08PM CDT
Fitch Ratings has affirmed eight classes of Capital Trust RE CDO 2005-1 (Capital Trust 2005-1). Fitch's base case loss expectation for the transaction is 61.4%. Fitch's performance expectation incorporates prospective views regarding commercial real estate market value and cash flow declines. A detailed list of rating actions follows at the end of this release.
A.M. Best Affirms Ratings of Alterra Capital Holdings Limited and Its Operating Subsidiaries
Business Wire - Fri Aug 09, 9:38AM CDT
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of Alterra Bermuda Limited (Alterra Bermuda) and its affiliated operating companies.
Santander UK plc Announces an Offer to Purchase for Cash Any and All of Certain Outstanding Non-Cumulative Trust Preferred Securities of Abbey National Capital Trust I
Business Wire - Tue Jul 30, 2:37AM CDT
Santander UK plc (formerly known as Abbey National plc) (the "Company") announces an offer (the "Offer") to holders of 8.963% Non-Cumulative Trust Preferred Securities issued by Abbey National Capital Trust I (the "Securities") to purchase for cash any and all such Securities for the tender offer consideration (the "Tender Offer Consideration") set forth in the table below. The Offer is being made upon the terms and subject to the conditions set forth in the offer to purchase dated July 30, 2013 (the "Offer to Purchase").
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