Category: Business

Business News from around the world.

OneConnect to Announce First Quarter 2020 Financial Results

SHENZHEN, China–(BUSINESS WIRE)–OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, today announced that it will release financial results for the first quarter 2020 after U.S. markets close on Tuesday, April 21, 2020. A conference call will follow on the same day. Date/Time Tuesday, …

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US Metro Bancorp Announces Subordinated Notes Offering

GARDEN GROVE, Calif.–(BUSINESS WIRE)–US Metro Bancorp (OTC Pink: USMT) (the “Company”), the holding company for US Metro Bank, today announced that it has completed a private placement of $10 million in aggregate principal amount of subordinated notes to certain qualified institutional and other accredited investors. The Company intends to use the net proceeds of the …

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Athene Prices $500 Million Investment Grade Notes Offering

PEMBROKE, Bermuda–(BUSINESS WIRE)–Athene Holding Ltd. (“Athene”) (NYSE: ATH) today announced it has agreed to sell $500 million of 6.150% senior unsecured notes due 2030 (the “Notes”). The offering is expected to close on April 3, 2020, subject to satisfaction of customary closing conditions. Athene intends to use the net proceeds from the offering for general …

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Announcing VanEck Vectors ETFs’ March 2020 Distributions

NEW YORK–(BUSINESS WIRE)–VanEck announced today its distributions per share for its VanEck Vectors® exchange-traded funds. The following dates apply to distribution declarations for the funds listed below:   Ex-Date April 1, 2020 Record Date April 2, 2020 Payable Date April 7, 2020   Fund Ticker Distribution Frequency Distribution Amount per Share VanEck Vectors Fallen Angel …

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Odd Concepts Raises USD10M Accumulated Investments; Emerges as a Leading AI-based Fashion Company in APAC

SEOUL, South Korea–(BUSINESS WIRE)–#AIIndustry–Despite the impact in start-up investment scene due to the COVID-19 crisis, Odd Concepts Inc., an AI-based fashion tech company, succeeded in attracting continuous investments. The latest funding increased the company’s accumulated investments to about USD10M (KRW 10 billion), an amount enough for Korea’s leading AI-powered fashion company to expand its growth …

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CVB Financial Corp. Announces Suspension of Stock Repurchase Plan

ONTARIO, Calif.–(BUSINESS WIRE)–CVB Financial Corp. (NASDAQ: CVBF) announced today that it will suspend its 10b5-1 stock repurchase program. The Company’s Board of Directors previously authorized the Company to repurchase up to 9,577,917 shares of the Company’s common stock. During the first quarter of 2020, the Company repurchased 4,944,290 shares of common stock, at an average …

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Acadia Realty Trust Provides an Update on 2020 Earnings Guidance, Additional Information on Development Pipeline and Loan Maturities

RYE, N.Y.–(BUSINESS WIRE)–Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) provides an update on 2020 earnings guidance and additional information on its development pipeline and scheduled loan maturities. “Our top priority is the health and safety of our employees, tenants, stakeholders and community. During this period of uncertainty, we are carefully monitoring the impact …

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Paysign, Inc. to Postpone Yearend Earnings Call

HENDERSON, Nev.–(BUSINESS WIRE)–$PAYS #earnings–Paysign, Inc. (NASDAQ: PAYS), a vertically integrated provider of innovative prepaid card programs, digital banking and processing services for corporate, consumer and government applications today announce it will be postponing its yearend 2019 earnings results call to allow additional time to complete its year-end closing procedures. Paysign will issue a press release …

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RiverNorth Launches Flexible Municipal Income Fund with MacKay Municipal ManagersTM*

CHICAGO–(BUSINESS WIRE)–RiverNorth Capital Management, LLC (“RiverNorth”), an investment management firm specializing in opportunistic strategies, announced the launch of the RiverNorth Flexible Municipal Income Fund, Inc. (the “Fund”), a new municipal focused closed-end fund. RiverNorth will act as the investment adviser to the Fund and MacKay Shields LLC (“MacKay Shields”) will act as subadviser. This is …

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First Trust Enhanced Equity Income Fund Issues Notice Regarding March 2020 Distribution

WHEATON, Ill.–(BUSINESS WIRE)–The Board of Trustees of First Trust Enhanced Equity Income Fund (the “Fund”) (NYSE: FFA), CUSIP 337318109, previously approved a managed distribution policy for the Fund (the “Managed Distribution Plan”) in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital …

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AMTD International Inc. Announced the Proposed Secondary Listing on the Singapore Stock Exchange

HONG KONG–(BUSINESS WIRE)–AMTD International Inc. (“AMTD” or “the Company”) (NYSE: HKIB), a subsidiary of AMTD Group Company Limited (“AMTD Group”), a leading comprehensive financial services conglomerate, today announced the proposed secondary listing by way of introduction of 23,873,655 class A ordinary shares of the Company on the Main Board of the Singapore Exchange Securities Trading …

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AXA Premier VIP Trust Announces a Change of Location of the Special Meeting of Shareholders of the CharterSM Multi-Sector Bond Portfolio, a series of AXA Premier VIP Trust

NEW YORK–(BUSINESS WIRE)–AXA Premier VIP Trust announces that the Special Meeting of Shareholders of the CharterSM Multi-Sector Bond Portfolio, a series of AXA Premier VIP Trust (the “Trust”), scheduled to be held at the Trust’s office, located at 1290 Avenue of the Americas, New York, New York 10104, on April 10, 2020, at 2:30 p.m., …

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Xylem withdraws first quarter and full-year guidance, continues serving customers on front lines of essential services

Driven by COVID-19, rapid changes impacting end-markets and operations globally Strong fundamentals and balance sheet, with approximately $1.7 billion of available liquidity in cash and credit facilities Proudly serving water, wastewater and utilities sectors as they provide services essential to communities combatting COVID-19 RYE BROOK, N.Y.–(BUSINESS WIRE)–#letssolvewater–Global water technology company, Xylem Inc. (NYSE:XYL), today withdrew …

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AllianzGI Diversified Income & Convertible Fund Reports Results for the Fiscal Quarter and Year Ended January 31, 2020

NEW YORK–(BUSINESS WIRE)–AllianzGI Diversified Income & Convertible Fund (the “Fund”) (NYSE: ACV), a diversified closed-end management investment company which provides total return through a combination of current income and capital appreciation, while seeking to provide downside protection against capital loss, today announced its results for the fiscal quarter and year ended January 31, 2020. At …

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AllianzGI NFJ Dividend, Interest & Premium Strategy Fund Reports Results for the Fiscal Quarter and Year Ended January 31, 2020

NEW YORK–(BUSINESS WIRE)–AllianzGI NFJ Dividend, Interest & Premium Strategy Fund (the “Fund”) (NYSE: NFJ), a diversified closed-end management investment company which seeks current income and gains, with a secondary objective of long-term capital appreciation, today announced its results for the fiscal quarter and year ended January 31, 2020. At January 31, 2020 2019 Net Assets …

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AllianzGI Equity & Convertible Income Fund Reports Results for the Fiscal Quarter and Year Ended January 31, 2020

NEW YORK–(BUSINESS WIRE)–AllianzGI Equity & Convertible Income Fund (the “Fund”) (NYSE: NIE), a diversified closed-end management investment company which seeks total return comprised of capital appreciation, current income and gains, today announced its results for the fiscal quarter and year ended January 31, 2020. At January 31,   2020 2019   Net Assets $689,649,596 $624,314,597 …

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CORRECTING and REPLACING PHOTO Vericool Closes $19.1M Equity Financing

Sustainable packaging leader expands capabilities LIVERMORE, Calif.–(BUSINESS WIRE)–#environmentalimpact–Please replace the photo with the accompanying corrected photo. The release reads: VERICOOL CLOSES $19.1M EQUITY FINANCING Sustainable packaging leader expands capabilities Vericool, Inc., a leading innovator and manufacturer of environmentally-friendly packaging solutions, announced today that it has closed $19.1 million in Series A Preferred Stock financing. The …

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SentryOne Partners with Theta to Deliver Services and Support to APAC Customers

Customers to have access to local, trained support professionals CHARLOTTE, N.C.–(BUSINESS WIRE)–SentryOne today announced a new partnership with Theta, an experienced information technology consultancy and development business. As an Authorized Reseller & Service Partner, Theta will expand the SentryOne presence to potential new Asia-Pacific customers seeking database performance monitoring and DataOps solutions and deliver added …

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South Korea’s LS-Nikko Copper Teams Up with ERI to Recycle America’s Precious Metals

FRESNO, Calif.–(BUSINESS WIRE)–ERI, the nation’s leading fully integrated IT and electronics asset disposition provider and cybersecurity-focused hardware destruction company, is teaming with South Korea’s LS-Nikko Copper, one of the world’s largest precious metals and copper smelters, to provide metal recycling services. Often referred to as “the recyclers’ recycler,” ERI, through its unique partnership with LS-Nikko …

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Evaluate Ltd. Acquires Black Swan Analysis, Accelerating the Growth Strategy of the Business and Further Optimising the Product Portfolio

LONDON & BOSTON & TOKYO–(BUSINESS WIRE)–#biopharma–Evaluate Ltd., the leading provider of commercial intelligence and predictive analytics to the pharmaceutical industry, is delighted to announce today that it has completed an acquisition of Black Swan Analysis, a London-based consultancy specialising in asset valuations and epidemiology. The acquisition directly aligns with Evaluate’s core strategy of providing complete …

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