zitto-ma-dritto
Forumer attivo
I prezzi si sono riallineati.
Ho switchato il 17/8 ed il post cedola era il 14/8, ma non ho visto come di consueto prenotate le cedole in pagamento il 31/8. Devo incominciare a preparare il temino per binck?
Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa
Ho switchato il 17/8 ed il post cedola era il 14/8, ma non ho visto come di consueto prenotate le cedole in pagamento il 31/8. Devo incominciare a preparare il temino per binck?
Fabrib
Forumer storico
NOTICE OF PARTIAL REDEMPTION TO THE HOLDERS OF THE 5.95% Notes due 2022of Capital Southwest Corporation (CUSIP No. 140501206)*Redemption Date: September 29, 2020 NOTICE IS HEREBY GIVEN, pursuant to Section 11.04 of the Indenture dated as of October 23, 2017 (the “Base Indenture”), betweenCapital Southwest Corporation, a Texas corporation (the “Company”), and U.S. Bank National Association (the “Trustee), and Section1.01(h) of the First Supplemental Indenture dated as of December 15, 2017 (the “First Supplemental Indenture,” and together with the Base Indenture, the “Indenture”), that the Company is electing to exercise its option to redeem, in part, the 5.95% Notes due 2022 (the “Notes”). The Company will redeem $20,000,000 in aggregate principal amount of the Notes of the $77,136,175 in aggregate principal amount of issued and outstanding Notes on September 29, 2020 (the “Redemption Date”). The redemption price for the Notes equals 100% of the$20,000,000 aggregate principal amount of the Notes being redeemed (or $25 in principal amount per Note), plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date (the “Redemption Payment”). The aggregate accrued interest on the Notes being redeemed that is payable on the Redemption Date will be approximately $46,278 (or approximately $0.0578 on each $25 principal amount of the Notes being redeemed).
Fabrib
Forumer storico
May 28, 2020 4:48 PM ET|About: First Eagle Alternative Cap... (FCRD)|By: Liz Kiesche, SA News Editor
THL Credit's (NASDAQ:TCRD) shareholders approve a new investment management agreement between the company and First Eagle Alternative Credit, formerly known as THL Credit Advisors.
Additionally, the company intends to change its name to First Eagle Alternative Credit BDC. After the name change, the company will continue to be listed on Nasdaq and will trade under the ticker symbol “FCRD.”
The new investment management agreement replaces a prior interim agreement with the adviser and is effective immediately.
First Eagle Alternative Credit was formed by the combination of THL Credit Advisors LLC and First Eagle Investment Management, LLC’s credit business.
Fabrib
Forumer storico
Shipping Stocks Weather the Pandemic Storm
Quick capacity adjustments and surprisingly robust demand have sent freight rates surging
Investors in container-shipping companies are having an unexpectedly good year as freight rates surge despite the pandemic, thanks to quick capacity adjustments and surprisingly robust demand.
Shares in several major operators have rebounded sharply. A.P. Moeller-Maersk A/S’s nonvoting stock, which at its low point in March was down by almost half for the year, is now roughly flat. The Danish company owns Maersk Line, the world’s biggest ocean carrier. WSJ
Quick capacity adjustments and surprisingly robust demand have sent freight rates surging
Investors in container-shipping companies are having an unexpectedly good year as freight rates surge despite the pandemic, thanks to quick capacity adjustments and surprisingly robust demand.
Shares in several major operators have rebounded sharply. A.P. Moeller-Maersk A/S’s nonvoting stock, which at its low point in March was down by almost half for the year, is now roughly flat. The Danish company owns Maersk Line, the world’s biggest ocean carrier. WSJ
Fabrib
Forumer storico
WALTHAM, Mass., Aug. 31, 2020 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“the Company” or “GECC”) (NASDAQ: GECC) announced today that its Board of Directors has approved the terms of a non-transferable subscription rights offering to purchase shares of its common stock.
The Company will issue to its stockholders of record as of 5:00 p.m. New York City time, on September 4, 2020, non-transferable rights to subscribe for up to an aggregate of 10,761,950 shares of the Company’s common stock. Record date stockholders will receive one right for each share of common stock owned on the record date. The rights entitle the holders to purchase at the subscription price one new share of common stock for every one right held, and record date stockholders who fully exercise their rights will be entitled to subscribe, subject to certain limitations set forth in the prospectus and subject to allotment, for additional shares of common stock that were not subscribed for by other holders of record. Stockholders may exercise their rights at any time during the subscription period, which commences on September 8, 2020 and ends at 5:00 p.m., New York City time, on September 28, 2020, unless extended by the Company in its sole discretion (the “Expiration Date”).
The Company intends to use the net proceeds from the offering primarily to (i) make opportunistic investments, in accordance with its investment objectives and policies, in assets that the Company’s external investment manager, Great Elm Capital Management, Inc., believes have become undervalued due to the current extreme market volatility, and on more attractive terms than the Company would otherwise be able to obtain under typical, less volatile market conditions and (ii) support its existing portfolio companies through the COVID-19 pandemic.
“This offering will allow us to continue implementing the portfolio repositioning we began in the second quarter, including by pursuing additional opportunities in the specialty finance sector,” remarked Peter A. Reed, GECC’s Chief Executive Officer. “These opportunities, which may offer more attractive returns than can be found in syndicated corporate credit, also help to make our portfolio more proprietary. We remain intently focused on creating stockholder value by diversifying our portfolio, maintaining significant liquidity and further strengthening our balance sheet.”
The Company will issue to its stockholders of record as of 5:00 p.m. New York City time, on September 4, 2020, non-transferable rights to subscribe for up to an aggregate of 10,761,950 shares of the Company’s common stock. Record date stockholders will receive one right for each share of common stock owned on the record date. The rights entitle the holders to purchase at the subscription price one new share of common stock for every one right held, and record date stockholders who fully exercise their rights will be entitled to subscribe, subject to certain limitations set forth in the prospectus and subject to allotment, for additional shares of common stock that were not subscribed for by other holders of record. Stockholders may exercise their rights at any time during the subscription period, which commences on September 8, 2020 and ends at 5:00 p.m., New York City time, on September 28, 2020, unless extended by the Company in its sole discretion (the “Expiration Date”).
The Company intends to use the net proceeds from the offering primarily to (i) make opportunistic investments, in accordance with its investment objectives and policies, in assets that the Company’s external investment manager, Great Elm Capital Management, Inc., believes have become undervalued due to the current extreme market volatility, and on more attractive terms than the Company would otherwise be able to obtain under typical, less volatile market conditions and (ii) support its existing portfolio companies through the COVID-19 pandemic.
“This offering will allow us to continue implementing the portfolio repositioning we began in the second quarter, including by pursuing additional opportunities in the specialty finance sector,” remarked Peter A. Reed, GECC’s Chief Executive Officer. “These opportunities, which may offer more attractive returns than can be found in syndicated corporate credit, also help to make our portfolio more proprietary. We remain intently focused on creating stockholder value by diversifying our portfolio, maintaining significant liquidity and further strengthening our balance sheet.”
bulogna
Forumer storico
[QUOTE = "Fabrib, post: 1046110226, membro: 30530"]
WALTHAM, Mass., 31 agosto 2020 (GLOBE NEWSWIRE) - Great Elm Capital Corp. ("la Società" o "GECC") (NASDAQ: GECC) ha annunciato oggi che il suo Consiglio di amministrazione ha approvato i termini di un mancato -diritti di sottoscrizione trasferibili che offrono l'acquisto di azioni delle sue azioni ordinarie.
La Società emetterà ai propri azionisti registrati alle 17:00 ora di New York City, il 4 settembre 2020, diritti non trasferibili di sottoscrizione per un massimo di 10.761.950 azioni ordinarie della Società. Gli azionisti con data di registrazione riceveranno un diritto per ogni azione ordinaria posseduta alla data di registrazione. I diritti danno diritto ai titolari di acquistare al prezzo di sottoscrizione una nuova azione ordinaria per ogni diritto posseduto, e gli azionisti con data di registrazione che esercitano pienamente i loro diritti avranno il diritto di sottoscrivere, fatte salve alcune limitazioni stabilite nel prospetto e fatte salve riparto, per ulteriori azioni ordinarie non sottoscritte da altri detentori di record. Gli azionisti possono esercitare i propri diritti in qualsiasi momento durante il periodo di sottoscrizione, che inizia l'8 settembre 2020 e termina alle 5:
La Società intende utilizzare i proventi netti dell'offerta principalmente per (i) effettuare investimenti opportunistici, in conformità con i suoi obiettivi e politiche di investimento, in attività che il gestore degli investimenti esterno della Società, Great Elm Capital Management, Inc., ritiene siano diventate sottovalutate a causa dell'attuale estrema volatilità del mercato e a condizioni più interessanti di quelle che la Società sarebbe altrimenti in grado di ottenere in condizioni di mercato tipiche e meno volatili e (ii) sostenere le sue società in portafoglio esistenti attraverso la pandemia COVID-19.
"Questa offerta ci consentirà di continuare a implementare il riposizionamento del portafoglio che abbiamo iniziato nel secondo trimestre, anche perseguendo ulteriori opportunità nel settore della finanza specializzata", ha commentato Peter A. Reed, amministratore delegato di GECC. “Queste opportunità, che possono offrire rendimenti più interessanti di quelli che si possono trovare nel credito societario sindacato, contribuiscono anche a rendere il nostro portafoglio più proprietario. Rimaniamo fortemente concentrati sulla creazione di valore per gli azionisti diversificando il nostro portafoglio, mantenendo una liquidità significativa e rafforzando ulteriormente il nostro bilancio ".
[/CITAZIONE]
Il mercato ha apprezzato e ieri il baby bond ha fatto +5% a 22. E' un BDC e deve rispettare Investment Company Act of 1940 . Per chi ci crede e non è ancora dentro al titolo che scade nel 2024, salvo altri cataclismi, potrebbe essere ancora un'occasione di acquisto.
WALTHAM, Mass., 31 agosto 2020 (GLOBE NEWSWIRE) - Great Elm Capital Corp. ("la Società" o "GECC") (NASDAQ: GECC) ha annunciato oggi che il suo Consiglio di amministrazione ha approvato i termini di un mancato -diritti di sottoscrizione trasferibili che offrono l'acquisto di azioni delle sue azioni ordinarie.
La Società emetterà ai propri azionisti registrati alle 17:00 ora di New York City, il 4 settembre 2020, diritti non trasferibili di sottoscrizione per un massimo di 10.761.950 azioni ordinarie della Società. Gli azionisti con data di registrazione riceveranno un diritto per ogni azione ordinaria posseduta alla data di registrazione. I diritti danno diritto ai titolari di acquistare al prezzo di sottoscrizione una nuova azione ordinaria per ogni diritto posseduto, e gli azionisti con data di registrazione che esercitano pienamente i loro diritti avranno il diritto di sottoscrivere, fatte salve alcune limitazioni stabilite nel prospetto e fatte salve riparto, per ulteriori azioni ordinarie non sottoscritte da altri detentori di record. Gli azionisti possono esercitare i propri diritti in qualsiasi momento durante il periodo di sottoscrizione, che inizia l'8 settembre 2020 e termina alle 5:
La Società intende utilizzare i proventi netti dell'offerta principalmente per (i) effettuare investimenti opportunistici, in conformità con i suoi obiettivi e politiche di investimento, in attività che il gestore degli investimenti esterno della Società, Great Elm Capital Management, Inc., ritiene siano diventate sottovalutate a causa dell'attuale estrema volatilità del mercato e a condizioni più interessanti di quelle che la Società sarebbe altrimenti in grado di ottenere in condizioni di mercato tipiche e meno volatili e (ii) sostenere le sue società in portafoglio esistenti attraverso la pandemia COVID-19.
"Questa offerta ci consentirà di continuare a implementare il riposizionamento del portafoglio che abbiamo iniziato nel secondo trimestre, anche perseguendo ulteriori opportunità nel settore della finanza specializzata", ha commentato Peter A. Reed, amministratore delegato di GECC. “Queste opportunità, che possono offrire rendimenti più interessanti di quelli che si possono trovare nel credito societario sindacato, contribuiscono anche a rendere il nostro portafoglio più proprietario. Rimaniamo fortemente concentrati sulla creazione di valore per gli azionisti diversificando il nostro portafoglio, mantenendo una liquidità significativa e rafforzando ulteriormente il nostro bilancio ".
[/CITAZIONE]
Il mercato ha apprezzato e ieri il baby bond ha fatto +5% a 22. E' un BDC e deve rispettare Investment Company Act of 1940 . Per chi ci crede e non è ancora dentro al titolo che scade nel 2024, salvo altri cataclismi, potrebbe essere ancora un'occasione di acquisto.
Fabrib
Forumer storico
B. Riley Financial Announces Offering of Depositary Shares and Series B Cumulative Perpetual Preferred Stock
LOS ANGELES, Sept. 1, 2020 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it has commenced an underwritten registered public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company's Series B Cumulative Perpetual Preferred Stock, with a liquidation preference equivalent to $25.00 per depositary share, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering solely to cover overallotments.
The Company expects to use the net proceeds of this offering for general corporate purposes, including funding future acquisitions and investments, repaying indebtedness, making capital expenditures and funding working capital.
B. Riley FBR, Incapital, Ladenburg Thalmann and William Blair are acting as book-running managers for this offering. Boenning & Scattergood, Kingswood Capital Markets, Division of Benchmark Investments, Inc. and Wedbush Securities are acting as co-managers.
The depositary shares will be offered under the Company's shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission ("SEC"). The offering of these depositary shares will be made only by means of a prospectus supplement and accompanying base prospectus.
Copies of the prospectus supplement and the accompanying base prospectus may be obtained on the SEC's website at www.sec.gov, or from the offices of B. Riley FBR at 1300 17th Street, Suite 1300, Arlington, Virginia 22209, by telephone at (703) 312-9580, or by emailing [email protected].
This press release does not constitute an offer to sell or the solicitation of an offer to buy the depositary shares, nor shall there be any sale of the depositary shares in any jurisdiction in which such offer, solicitation or sale would not be permitted.
LOS ANGELES, Sept. 1, 2020 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it has commenced an underwritten registered public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company's Series B Cumulative Perpetual Preferred Stock, with a liquidation preference equivalent to $25.00 per depositary share, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the offering solely to cover overallotments.
The Company expects to use the net proceeds of this offering for general corporate purposes, including funding future acquisitions and investments, repaying indebtedness, making capital expenditures and funding working capital.
B. Riley FBR, Incapital, Ladenburg Thalmann and William Blair are acting as book-running managers for this offering. Boenning & Scattergood, Kingswood Capital Markets, Division of Benchmark Investments, Inc. and Wedbush Securities are acting as co-managers.
The depositary shares will be offered under the Company's shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission ("SEC"). The offering of these depositary shares will be made only by means of a prospectus supplement and accompanying base prospectus.
Copies of the prospectus supplement and the accompanying base prospectus may be obtained on the SEC's website at www.sec.gov, or from the offices of B. Riley FBR at 1300 17th Street, Suite 1300, Arlington, Virginia 22209, by telephone at (703) 312-9580, or by emailing [email protected].
This press release does not constitute an offer to sell or the solicitation of an offer to buy the depositary shares, nor shall there be any sale of the depositary shares in any jurisdiction in which such offer, solicitation or sale would not be permitted.
Fabrib
Forumer storico
LOS ANGELES, Sept. 1, 2020 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”) today announced the pricing of its underwritten registered public offering of 1,300,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $32.5 million before deducting underwriting discounts and other estimated offering expenses. Each depositary share represents a 1/1000th fractional interest in a share of the Company’s 7.375% Series B Cumulative Perpetual Preferred Stock. Dividends on the Series B Preferred Stock underlying the depositary shares will be paid when declared by the Board at a fixed rate of 7.375% with a liquidation preference equivalent to $25.00 per depositary share.
B. Riley Financial logo (PRNewsFoto/B. Riley Financial, Inc.)
B. Riley Financial logo (PRNewsFoto/B. Riley Financial, Inc.)
