Greater Atlantic merger deadline extended Nov 17, 2009
As of Monday, Greater Atlantic had tendered 643,580 shares of its Greater Atlantic Capital Trust I 6. 50 percent Cumulative Convertible Trust Preferred Securities -- more than the required amount. (Washington Business Journal, DC)
Rajaratnam Arrest Jolts Sri Lanka From Stock Exchange to Tsunami Survivors Nov 13, 2009
now known as Capital Trust Securities Pvt. Before his arrest, he planned a trip to London to gauge interest in a $200 million private-equity fund focused on Sri Lankan infrastructure investments, people with knowledge of the matter said last month. (Bloomberg)
Greater Atlantic extends deadline for debt Nov 10, 2009
As of Nov. 6, Reston-based Greater Atlantic (Pink Sheets: GAFC) had tendered 638,780 shares of its Greater Atlantic Capital Trust I 6. 50 percent Cumulative Convertible Trust Preferred Securities, more than the required amount. (Washington Business Journal, DC)
Raj Rajaratnam Said to Keep Personal Investments in Sri Lanka Amid Probe Nov 4, 2009
Rajaratnam owns about 8 percent of , Sri Lankas most valuable company, and a 20 percent stake he bought in June in brokerage firm Lanka Orix Securities Pvt, now known as Capital Trust Securities Pvt. He certainly was looking at further investments into Sri Lanka, said , deputy chairman of John Keells, in an Oct. 27 interview in the capital Colombo. (Bloomberg -- Asia)
Bridge Bancorp, Inc. Reports Third Quarter 2009 Results Oct 24, 2009
"Another milestone was our ability to strengthen our capital through the successful private placement of $9 million of Cumulative Convertible Trust Preferred Capital Securities issued by Bridge Statutory Capital Trust II (the "Trust"), a newly formed wholly owned subsidiary of the Company," continued Mr. O'Connor. Net Earnings and Returns. (Primezone Releases)
Nigeria: Anti-Corruption Body Storms Lagos to Recover Bank Debts Oct 16, 2009
com: Nigeria: Bank Debts - 80 EFCC Operatives Storm Lagos (Page 1 of 1). Bank Debts - 80 EFCC Operatives Storm Lagos. (allAfrica.com)
Grey Horse Appoints Donald A. Wright as Chairman of the Board of Directors Oct 14, 2009
Mr. Wright currently serves as Chairman of the Board of VIA Rail Canada Inc., Chairman of the Board of Richards Packaging Inc., Chairman of the Board of Trustees of Richards Packaging Income Fund, and Chairman of the Board of Attwell Capital Inc. He is also a member of the boards of directors of Black Bull Resources Inc., GMP Capital Trust and DHX Media Ltd. Mr. Wright supports numerous charitable organizations. Notably, he is a member of the Board of Trustees of The Hospital for Sick Children... (CCNMatthews Press Releases)
Centre to strengthen PSUs: Pranab Oct 11, 2009
On the suggestion made by INTUC President G Sanjiva Reddy for setting up a Workers Capital Trust fund, Mukherjee said he was prepared to hold a discussion with the INTUC leadership. INTUC should also discuss whether the fund could be utilised for revival of sick industries, he said. (India Times, India)
Hillman Group Capital Trust Announces Cash Distribution on Trust Preferred Securities Sep 12, 2009
CINCINNATI, Sept. 11 /PRNewswire-FirstCall/ -- The Hillman Companies, Inc. (the "Company" or "Hillman"), - Max W. Hillman, Chief Executive Officer of The Hillman Companies, Inc. announced today that a cash distribution has been declared by Hillman Group Capital Trust for the month of September 2009 in the amount of. 241667 for each Trust Preferred Security (NYSE-Amex: HLM_P). (PR Newswire)
WCI Communities Comes out of Chapter 11 Sep 4, 2009
Also on the board is Michelle M. Mackay, executive vice president of iStar Financial Inc., John R. Peshkin, managing principal of private real estate investment group Vanguard Land LLC, Stephen D. Plavin, chief operating officer of commercial mortgage real estate investment trust Capital Trust, and Mark Porath, co-founder and president of development and construction financier Hearthstone. Copyright 2009 The Associated Press. (ABC News -- Wire)
WCI emerges from bankruptcy Sep 4, 2009
He is responsible for all lending, investing and portfolio management activities of Capital Trust. Mark Porath is a co-founder and president of Hearthstone, which has financed more than $12 billion of development and construction in residential real estate nationwide. (South Florida Business Journal, FL)
Greater Atlantic stockholders OK merger Aug 29, 2009
Greater Atlantic also will initiate a tender offer for the outstanding trust preferred securities issued by its subsidiary, Greater Atlantic Capital Trust I, for aggregate consideration not to exceed $688,558. The transaction, subject to regulatory approval and the completion of the tender offer, is expected to close by the end of the third quarter. (Washington Business Journal, DC)
Capital Trust Reports Second Quarter 2009 Results Aug 5, 2009
NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- Capital Trust, Inc. (NYSE: ) today reported results for the quarter ended June 30, 2009 ... Capital Trust, Inc. has committed to invest $25 million as a limited partner in CTOPI, of which $6 million has already been funded and $19 million remains undrawn ... In addition to managing its parent, Capital Trust, Inc., and its third party private equity mandates, CTIMCO is the collateral manager for all four of the Company's CDOs and two additional CDOs in... (PR Newswire)
Cascade Financial Reports Second Quarter Results Jul 28, 2009
A $12,000 fair value gain in the second quarter of 2009 represented the fair value adjustment of Cascade Capital Trust I, the Corporation's $10. 0 million par junior subordinated debentures payable. (Primezone Releases)
Quill Capital Trust Q2 net profit up 20% Jul 27, 2009
Quill Capital Trust Q2 net profit up 20 ... Quill Capital Trust Q2 net profit up 20 ... PETALING JAYA: Quill Capital Trusts (QCT) net profit rose 19. (The Star Online, Malaysia -- Business)
Duffour inaugurate boards of three institutions Jul 8, 2009
Mr J.H Owusu is chairman of the Venture Capital Trust Fund, Mr. Iddriss Egala, chairman of the Central Tender Review and Mr. Kojo Owusu Agyeman is chairman of State Insurance Company (SIC) Life Entity. The Venture Capital Trust Fund, was established by Act of Parliament (Act 680) in 2004 to provide funding to support the development of small, medium and micro-enterprises while the Central Tender Review Board, formed under Act 633, is mandated among others to ensure the judicious use of state... (Ghana Web, Ghana)
Manulife Financial announces $1 billion issue of Innovative Tier 1 Notes Jul 7, 2009
TORONTO, July 6 /PRNewswire-FirstCall/ - Manulife Financial announced today that Manulife Financial Capital Trust II (the "Trust"), a trust wholly-owned by The Manufacturers Life Insurance Company ("MLI"), will issue $1 billion of Manulife Financial Capital Trust II Notes - Series 1 due December 31, 2108 ("MaCS II - Series 1"). The MaCS II - Series 1 are expected to qualify as Tier 1 capital of MLI for regulatory purposes. (PR Newswire)
President Appointments Jun 21, 2009
Venture Capital Trust Fund. Hon. J. H. Owusu - Acheampong Chairman Mrs. Susan Okyere Member Mr. Amos Dotse Member. (Ghana Web, Ghana)
Greater Atlantic Bank finds buyer Jun 18, 2009
Greater Atlantic also will initiate a tender offer for the outstanding trust preferred securities issued by its subsidiary, Greater Atlantic Capital Trust I, for aggregate consideration not to exceed $688,558. Greater Atlantic has 3. (Washington Business Journal, DC)
Kingsway Financial withdraws its S&P and DBRS ratings Jun 6, 2009
Kingsway Financial Services announces today that its board has unanimously authorized management to withdraw ratings provided by Standard and Poors and by DBRS in connection with its outstanding debt and securities, including its outstanding debt and units of the Kingsway Limited Return of Capital Trust. The board has taken this decision as part of its ongoing cost cutting strategy. (PR Newswire)
CIBC Announces Second Quarter 2009 Results May 28, 2009
6 billion of Tier 1 Notes through CIBC Capital Trust ... Innovative Tier 1 Notes On March 13, 2009, CIBC Capital Trust, a trust wholly owned by CIBC, issued $1 ... Significant capital management activities On March 13, 2009 CIBC Capital Trust, a trust wholly owned by CIBC, issued $1. (Canada Newswire)
O'Malley unveils 17-point biotech plan May 21, 2009
Creating a $10 million Maryland Life Sciences Venture Capital Trust to tap state pension funds and, ultimately, attract as much as $100 million in state and matching private equity investments. Restoring the state s venture fund to $9 million and eventually increasing it to $24 million by 2020. (Washington Business Journal, DC)
O'Malley vows more money for bio strategy May 21, 2009
Creating a venture capital trust with $10 million in seed capital. Branding Maryland as a leader in the biotech industry. (Baltimore Business Journal, MD)
Sentry Select Capital Inc. Announces Exchange Ratios for Sentry Select Canadian Income Exchange Fund May 16, 2009
5669 ---------------------------------------------------------------------------- GMP Capital Trust GMP.UN 8. 5884 0. (CCNMatthews Press Releases)
HudBay Minerals Agrees to Sell Its Minority Stake in Lundin to GMP Capital May 12, 2009
GMP Securities is part of Toronto- based GMP Capital Trust. To contact the reporter on this story: in Vancouver at. (Bloomberg -- Canada)
Loblaw, WestJet report earnings, Tuesday May 2, 2009
GMP Capital Trust reports. First-quarter share profit of 15 cents is expected, down from 33 cents a year ago. (Globe and Mail -- Business)
GMP Private Client announces new charitable giving program Apr 20, 2009
Through our partnership with Benefaction, we're offering our clients innovative, cost-effective solutions to charitable giving, enabling them to integrate philanthropy into their overall wealth management strategies. " GMP Private Client's Charitable Giving Program provides clients with two options for their philanthropic donations: Direct Giving and Donor Advised Funds. Benefaction handles the administration of funds, fulfills the donor's granting wishes and manages a process of due diligence... (Canada Newswire)
Shareholder Class Action Filed Against Deutsche Bank AG by the Law Firm of Barroway Topaz Kessler Meltzer & Check, LLP Apr 18, 2009
60% Trust Preferred Securities of Deutsche Bank Contingent Capital Trust III (the "Securities") (NYSE: ), who purchased or otherwise acquired the Securities of Deutsche Bank AG ("Deutsche Bank" or the "Company") pursuant or traceable to the Company's February 2008 Offering (the "Offering"). If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Barroway Topaz Kessler Meltzer & Check, LLP (Darren J.... (PR Newswire)
Town council at a glance for April 16 Apr 13, 2009
The bulkhead project, sewer collection system and pipe replacement requests along with $936,600 for municipal and school building improvements will be borrowed while the remaining funds will be transferred from either the town s capital trust fund or sewer reserve fund. Another $832,000 will be requested for Hyannis Water supply upgrades. (Cape Codder, MA)
Ontario Venture Capital Fund makes commitment to Ontario-based EdgeStone Capital Venture Fund III Apr 8, 2009
EdgeStone is a member of the GMP Capital Trust group of companies. For more information on EdgeStone, go to. (Canada Newswire)
Impac Mortgage Holdings, Inc. Announces Update on Preferred Stock Dividends and Payments on Trust Preferred Securities Apr 1, 2009
The Company will continue to defer interest payments on its remaining trust preferred securities of Impac Capital Trust #4. The Company has the right to defer payments of interest for a period of up to 20 consecutive quarterly interest payment periods for Impac Capital Trust #4 ... Furthermore, the Company is paying reduced interest payments of 2% per annum on trust preferred securities of Impac Capital Trusts #1 and #3. (PR Newswire)
Idaho officials uncover alleged Ponzi scheme Mar 27, 2009
The lawsuit also names four companies the men ran: North American Capital Trust LLC, North American Capital Group LLC, Pacific Partners LLC, and Silverstone Equity Group LLC.. Authorities say the men never purchased any life insurance with the investors' money and instead spent the money out of state. (Rexburg Standard Journal, ID)
Capital Trust Reports Fourth Quarter and Full Year 2008 Results; Implements Debt Restructuring Mar 17, 2009
NEW YORK, March 16 /PRNewswire-FirstCall/ -- Capital Trust, Inc. (NYSE: ) today reported results for the quarter and full year ended December 31, 2008 ... Capital Trust, Inc. has committed to invest $25 million as a limited partner in CTOPI. The Company does not have a co-investment in CT High Grade II. Revenues from third party investment management fees totaled $12 ... Capital Trust, Inc. is a real estate finance and investment management company that specializes in credit sensitive structured... (PR Newswire)
Ford launches major debt restructuring Mar 5, 2009
50 percent cumulative trust preferred securities of Ford Motor Company capital trust II beginning in April. Separately, the New York Stock Exchange said it will suspend trading in Ford's former parts subsidiary Visteon Corp and move to remove it from its listing. (Yahoo News -- Top Stories)
GMP suffers first quarterly loss, ends trust status Feb 28, 2009
That's the question on Bay Street after GMP Capital Trust, the brokerage firm that's home to legendary trader Mike Wekerle, known to many as simply Wek, posted big trading losses in the fourth quarter. The trading troubles, along with a slowdown in deal making and losses on investments, led to the firm's first quarterly loss as a public company. (Globe and Mail -- Business)
GMP Capital Trust reports fourth quarter and fiscal 2008 results; announces intention to convert to a corporation Feb 27, 2009
TORONTO, Feb. 27 /CNW/ - GMP Capital Trust (the "Fund" or "GMP") today reported revenue of $291 ... "Fiscal 2008, and particularly fourth quarter 2008, will undoubtedly be remembered as one of the most challenging times that financial services industry participants have ever experienced. Our fourth quarter 2008 results were clearly affected by the severity of this financial crisis. When it became clear to us that revenue for the financial services industry would come under prolonged and... (Canada Newswire)
Central Virginia Bankshares Reports 2008 Fourth Quarter and Year To Date Feb 25, 2009
Central Virginia Bankshares, Inc. (Unaudited) Fourth Quarter Year to Date 2008 2007 2008 2007 Net Income (Loss) 5,464,045 1,009,539 (9,624,714) 3,988,711 Interest & Fees on Loans 4,646,299 5,217,904 19,483,893 19,505,965 Interest on Investments & Funds Sold 2,190,757 2,702,232 10,030,322 11,107,406 Interest on Deposits 2,773,018 3,320,971 11,807,972 13,387,997 Interest on Borrowings 853,824 843,669 3,423,064 2,414,040 Net Interest Income (FTE) 3,291,334 3,931,864 14,862,406 15,505,520 Non... (PR Newswire)
TD issues first-quarter report, Wednesday Feb 21, 2009
GMP Capital Trust reports fourth-quarter results. All earnings forecasts are mean estimates of analysts polled by Thomson Reuters. (Globe and Mail -- Business)
