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03.06.26 - 23:48
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Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares (Business Wire)
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund II (NYSE: NCZ) announced today that it has declared a $0.34375 per share cash distribution payable on June 30, 2026 to Series A cumulative preferred shareholders of record on June 23, 2026.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from April 1, 2026 through June 30, 2026. The Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
About the Fund
Virtus Convertible & Income Fund II has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advise...
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03.06.26 - 23:42
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Virtus Convertible & Income Fund Announces Quarterly Distribution: 5.625% Series A Cumulative Preferred Shares (Business Wire)
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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Convertible & Income Fund (NYSE: NCV) announced today that it has declared a $0.3515625 per share cash distribution payable on June 30, 2026 to Series A cumulative preferred shareholders of record on June 23, 2026.
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCV PR A, are rated “A” by Fitch Ratings and have an annual dividend rate of $1.40625 per share. The 4,000,000 Series A Cumulative Preferred Shares were issued September 20, 2018 at $25.00 per share and pay distributions quarterly. This distribution represents the accrual period from April 1, 2026 through June 30, 2026. The Series A Cumulative Preferred Shares are now callable at any time at the liquidation value of $25.00 per share plus accrued dividends.
About the Fund
Virtus Convertible & Income Fund has an investment objective to provide total return through a combination of capital appreciation and high current income. Virtus Investment Advisers...
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03.06.26 - 23:39
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Fairfax Announces Pricing of Senior Notes Offering (GlobeNewswire EN)
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TORONTO, June 03, 2026 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has priced a private offering of US$750,000,000 of senior notes due 2056 (the “Notes”) at an issue price of 100%. The Notes will be unsecured senior obligations of Fairfax and will pay a fixed rate of interest of 6.200% per annum....
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03.06.26 - 23:18
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KBRA Assigns Preliminary Ratings to OneMain Financial Issuance Trust 2026-1 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by OneMain Financial Issuance Trust 2026-1 (“OMFIT 2026-1”), a consumer loan ABS transaction.
OMFIT 2025-1 will issue four classes of notes totaling $500.0 million. The preliminary ratings reflect initial credit enhancement levels ranging from 33.60% for the Class A notes to 11.10% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account and excess spread. This transaction represents the first consumer loan ABS securitization issued by OneMain Finance Corporation (“OneMain” or “OMFC”, or the “Company”), a wholly-owned subsidiary of OneMain Holdings, Inc. (“OMH”), in 2026 and the 32nd consumer loan transaction issued by OneMain or its subsidiaries since 2013. Since that time, OneMain and its subsidiaries have also issued 25 auto loan term securitizations. OMFIT ...
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03.06.26 - 23:06
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Sunflower Bank Hires David Musicant for New Role of Regional President in Southern California (Business Wire)
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IRVINE, Calif.--(BUSINESS WIRE)--Sunflower Bank is pleased to announce that David Musicant has joined the organization in a newly created regional president role to lead strategy and growth of its commercial banking teams in two of the ten largest MSAs in the Southwestern and Western United States. Adding a second regional president in California marks an important milestone in the Bank's continued expansion in the state and underscores its commitment to serving middle‑market commercial clients through relationship‑focused service and tailored financial solutions.
Sunflower Bank's holding company, FirstSun Capital Bancorp (“FirstSun”) completed its acquisition of First Foundation Inc. on April 1, 2026. As a result, First Foundation Bank has merged with and into Sunflower Bank and Irvine-based First Foundation Advisors is a wholly owned subsidiary of FirstSun. This merger greatly expands Sunflower Bank's footprint and capabilities in California.
Musicant oversees the Bank's commercial banking s...
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03.06.26 - 22:48
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Interest in India strong despite volatility: Bank of America chief (Times of India)
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Despite near-term volatility, India's appeal remains strong for strategic investors due to its scale and growth prospects. While foreign institutional investor participation has declined, Bank of America's India CEO Vikram Sahu believes capital will follow as regulatory friction eases and business conditions improve. Investor sentiment is showing signs of recovery, with a growing willingness to explore current market entry points....
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03.06.26 - 22:42
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W. R. Berkley Corporation Declares Special Dividend, Increases Regular Quarterly Cash Dividend 11.1%, and Increases Share Repurchase Authorization (Business Wire)
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GREENWICH, Conn.--(BUSINESS WIRE)--W. R. Berkley Corporation (NYSE: WRB) announced today that its Board of Directors has declared a special cash dividend on its common stock of 50 cents per share to be paid on July 2, 2026 to stockholders of record at the close of business on June 23, 2026.
In addition, its Board of Directors has voted to increase its regular quarterly cash dividend to 10 cents per share, representing an 11.1% increase from the present rate. This dividend will be paid on July 2, 2026 to stockholders of record at the close of business on June 23, 2026.
Including the dividends announced today, the special and regular quarterly cash dividends paid year-to-date, and shares repurchased through March 31, 2026, total capital returned to shareholders during 2026 is approximately $558.8 million.
Further, its Board of Directors has increased the Company's share repurchase authorization back to its previous level of 25 million shares of common stock. Repurchases may be made by the Company from time...
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