Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa

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CenturyLink Inc. (CTL) reported earnings for the second quarter on Wednesday afternoon. Here's what you need to know:
PROFIT: The internet provider reported a profit of $292 million, or 27 cents a share, during the quarter, compared to pro forma earnings of $69 million, or 6 cents a share, for the same period last year. The pro forma earnings assume CenturyLink's acquisition of internet provider Level 3 Communications took place at the start of last year instead of closing in November, allowing for comparability. On an adjusted basis, CenturyLink earned 26 cents a share, better than the 24 cents expected by analysts FactSet surveyed.
REVENUE: The company booked $5.9 billion in sales for the quarter, down 2.3% versus the comparable period. Analysts surveyed by FactSet expected $5.92 billion.
COSTS: CenturyLink's largest expense line in its financial statement, cost of services and products, which includes employee compensation, real estate and other costs, jumped 44% to $2.7 billion.
SUBSCRIBERS: The company reported that about 4.9 million people subscribed to its consumer broadband services, down from more than 5.2 million a year earlier.
MERGER EXPENSES: CenturyLink said by the end of the quarter, it had incurred about $395 million in costs related to integrating Level 3 Communications into its business.
COMMENTARY: "Our continued progress on integration efforts contributed to a solid quarter, with strong growth in Adjusted EBITDA and Free Cash Flow. Across the company, we are focused on profitable growth and providing a better experience for our customers and employees," said Jeff Storey, the company's CEO.
OUTLOOK: CenturyLink raised its adjusted profit guidance on Wednesday. For the full year, the company said it now expected between $9 billion and $9.15 billion in adjusted Ebitda, compared to $8.75 billion and $8.95 billion previously.
SHARES: CenturyLink's stock lost 0.5% to close at $18.54 a share on Wednesday. The shares rose 3.6% in after-market trading.
 
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Maiden Holdings, Ltd. Announces Second Quarter 2018 Financial Results
Highlights for the Quarter Ended June 30, 2018

  • Net loss attributable to Maiden common shareholders of $5.9 million, or $0.07 per diluted common share, compared with a net loss attributable to Maiden common shareholders of $22.4 million, or $0.26 per diluted common share in the second quarter of 2017;
  • Non-GAAP operating loss(11) of $10.7 million, or $0.13 per diluted common share, compared with non-GAAP operating loss of $12.5 million, or $0.14 per diluted common share, in the second quarter of 2017;
  • Annualized return on average common equity of -3.6% compared to -8.6% in the same period in 2017;
  • Annualized non-GAAP return on average common equity of -6.4% compared to -4.8% in the second quarter of 2017;
  • Combined ratio(10) of 106.0% compared to 105.8% in the second quarter of 2017; and
  • Book value per common share(1) was $7.71 at June 30, 2018 compared to $8.34 at March 31, 2018. Excluding Accumulated Other Comprehensive (Loss) Income (AOCI) book value per common share was $8.87 at June 30, 2018 compared to $9.09 at March 31, 2018.
Highlights for the Six Months Ended June 30, 2018

  • Net income attributable to Maiden common shareholders of $7.8 million, or $0.09 per diluted common share, compared with a net loss attributable to Maiden common shareholders of $1.9 million, or $0.02 per diluted common share in the first half 2017;
  • Non-GAAP operating income(11) of $6.2 million, or $0.07 per diluted common share, compared with non-GAAP operating earnings of $10.2 million, or $0.12 per diluted common share, in the first six months of 2017;
  • Annualized return on average common equity of 2.2% compared to -0.4% in the same period in 2017;
  • Annualized non-GAAP return on average common equity of 1.8% compared to 2.0% in the first half of 2017; and
  • Combined ratio(10) of 103.9% compared to 103.4% in the first half of 2017.
Maiden Holdings, Ltd. Announces Second Quarter 2018 Financial Results | Maiden Holdings, Ltd.
 
PEMBROKE, Bermuda, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (NASDAQ: MHLD) today announced that the Company’s Board of Directors approved a quarterly cash dividend of $.05 per share of common stock payable on October 15, 2018 to shareholders of record as of October 1, 2018.

Maiden’s Board of Directors also approved the following cash dividends on its preference shares that are payable on September 17, 2018 to shareholders of record as of September 1, 2018:

  • Series A 8.250% Non-Cumulative Preference Shares of $0.515625 per Preference Share
  • Series C 7.125% Non-Cumulative Preference Shares of $0.445313 per Preference Share
  • Series D 6.700% Non-Cumulative Preference Shares of $0.418750 per Preference Share
As regards the Company’s reduction in its common stock dividend, the Company’s Board determined that this distribution should be commensurate with the current earnings power of the business and as the Company continues to undertake and implement its strategic review, it expects to revisit the common stock dividend in the context of the steps taken to increase shareholder value.

About Maiden Holdings, Ltd.
Maiden Holdings, Ltd. is a Bermuda-based holding company formed in 2007. Through its subsidiaries, which are each A- rated (excellent) by A.M. Best, the Company is focused on providing non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies in the United States and Europe. As of June 30, 2018, Maiden had $6.7 billion in assets and shareholders' equity of $1.1 billion.
 
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https://seekingalpha.com/pr/1724216...ger-create-2nd-largest-internally-managed-bdc
Sierra, MCC and MDLY have entered into definitive agreements for Sierra to acquire MCC and MDLY. MCC will merge with and into Sierra, with Sierra as the surviving company. Simultaneously, Sierra will acquire MDLY, and MDLY’s existing asset management business will operate as a wholly-owned subsidiary of Sierra. The Boards of Directors of Sierra, MCC and MDLY unanimously approved the transactions based on recommendations of independently advised special committees of independent directors at each company, respectively.
 
MIAMI--(BUSINESS WIRE)-- Ladenburg Thalmann Financial Services Inc. (LTS) (the “Company”) today announced that it has priced an underwritten registered public offering of $60 million aggregate principal amount of 7.25% senior notes due 2028 (the “Notes”) at 100% of the principal amount, plus accrued interest from August 16, 2018, if the initial settlement occurs after that date. The Company has granted the underwriters a 30-day option to purchase up to an additional $9 million aggregate principal amount of Notes in connection with the offering to cover overallotments, if any. The Notes are expected to be listed on the NYSE American and to trade thereon within 30 days of the original issue date under the trading symbol “LTSK.” The offering is expected to close on August 16, 2018, subject to customary closing conditions.
The Company plans to use the net proceeds from the offering for general corporate purposes.
 

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