BondBloxx Introduces First ETF Offering Direct Exposure to Private Credit
BondBloxx, a leading fixed income ETF provider, is set to launch the first ETF offering direct exposure to private credit on Tuesday, December 3rd. “We’re very pleased to be adding PCMM to our lineup of innovative income-generating solutions,” said Leland…
Madison Covered Call & Equity Strategy Fund Announces Quarterly Distribution of $0.18 per Share
The Madison Covered Call & Equity Strategy Fund (the “Fund”) has declared its regular quarterly distribution of $0.18 per share on its common shares (NYSE: MCN). This distribution will be payable on December 31, 2024, to shareholders of record as…
Gantry Strengthens Southern California Presence Through Westcap Integration
Gantry, Inc. (Gantry), a leading national full-service commercial mortgage banking firm, has bolstered its presence in Southern California by integrating the operations of Westcap Corp (Westcap) into its platform. This strategic move significantly enhances Gantry’s correspondent-driven loan production, adding more…
UNITE HERE Advisory: Hilton USA Trust 2016-SFP CMBS Holders Face Uncertainty Amid Special Servicer Transition
Holders of Hilton USA Trust 2016-SFP commercial mortgage pass-through certificates should be alert to a forthcoming transaction involving the loan’s special servicer, Wells Fargo Bank, N.A. The underlying loan has been in special servicing since June 2023, following Park Hotels…
Allianz Life Study Reveals Debt’s Impact on American Retirement Savings
The 2024 Annual Retirement Study from Allianz Life Insurance Company of North America (Allianz Life) reveals that a significant number of Americans are burdened by debt, with many concerned about how it will affect their financial futures. A majority—55%—of Americans…
United Bankshares, Inc. Secures Final Regulatory Approval for Piedmont Bancorp Acquisition
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank, has announced it has received all necessary regulatory approvals for its proposed merger with Piedmont Bancorp, Inc. (“Piedmont”), the parent company of The Piedmont Bank. “We are pleased…
Citi Strengthens Support for Guatemala’s Financial Ecosystem with Social Trade Loans
Citi has structured a Social Trade Loan for Banco Agromercantil de Guatemala (Bam) to provide crucial funding to small and medium enterprises (SMEs), fostering inclusive economic growth. This marks the first Social Trade Loan with Grupo Bancolombia. The approved amount…
Enhanced Customer Safety, Convenience, and Recognition Through Early Adoption of Gen AI
Commonwealth Bank of Australia (CBA) has highlighted the transformative impact of artificial intelligence (AI) on its services, improving customer experiences for its 10 million-plus customers. At a strategic update in Sydney, CBA showcased how AI is delivering a range of…
Goldman Sachs to Spin Out Digital Assets Technology Platform, GS DAP®
Goldman Sachs has announced plans to explore strategic opportunities for spinning out its GS DAP® technology platform from its Digital Assets business, aiming to transform it into an industry-owned distributed technology solution, pending regulatory approval. Along with this announcement, the…
RiverNorth/DoubleLine Fund Reports Final Results of Rights Offering
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering for Common and Preferred Stock RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (NYSE: OPP) (“the Fund”) has released the final results of its recently concluded non-transferable rights offering (“the Offering”). The…
Western Asset Inflation-Linked Income Fund (NYSE: WIA) Announces Distribution Source Notification
Western Asset Inflation-Linked Income Fund (NYSE: WIA) Announces Distribution Source Notification The Western Asset Inflation-Linked Income Fund (“the Fund”) has provided an update regarding the estimated sources of its distribution to be paid on November 29, 2024, as well as…
First Trust Advisors L.P. Announces Distribution for Enhanced Short Maturity ETF
First Trust Advisors L.P. (“FTA”) has declared the monthly distribution for the First Trust Enhanced Short Maturity ETF, a series of the First Trust Exchange-Traded Fund IV. Below are the relevant details: Distribution Dates Ticker Exchange Fund Name Frequency Ordinary…