SEVN Cuts Office Exposure to 13% After Repayments
SEVN closed ﹩98 million of loans, received about ﹩68 million from repayments, and reduced office exposure to approximately 13% of principal.
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HTGC Prices ﹩400 Million of 6.70% Notes
Hercules Capital priced ﹩400 million of 6.70% unsecured notes due 2029, expanding funding while the use of proceeds determines the earnings effect.
Read storyIAE and IHD Trading to End Before Voya Fund Mergers
IAE and IHD shareholders approved Voya fund mergers. NYSE trading is scheduled to end October 13 before expected October 16 closings, as planned.
Read storyRITM Adds DRA Partner at 1301 Avenue of the Americas
Rithm retained majority ownership of 1301 Avenue of the Americas in a new joint venture with a DRA Advisors fund.
Read storyRWAY Closes ﹩46.3 Million Notes, Sets Redemption
RWAY closed ﹩46.3 million of 7.75% notes and set November 3 redemption of approximately ﹩32.97 million in 9.00% debt.
Read storyBMEZ Plans Tender Offer After 11.05% Average Discount
BMEZ will offer to buy up to 5% of shares at 98% of NAV after its average discount reached 11.05% during the measurement period.
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Jobless Claims Fall as Labor Market Holds Firm
Initial and continuing jobless claims declined, supporting near-term labor and credit conditions while earnings remain the key dividend signal.
Read storyIIPR Commits ﹩245 Million to Alewife Park Loan
IIPR committed up to ﹩245 million to an Alewife Park mezzanine loan expected to yield about 15.8%, subject to funding and project risks.
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The Hidden Dividend Treasure Inside Fly High Investing
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Who Really Moves the Stock Market and Why It Matters
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