Popular Articles From: Vornado Approves Spin-Off of Urban Edge Properties to A.M. Best Affirms Ratings of Crusader Insurance Company and Unico American Corporation


Vornado Realty Trust (NYSE:VNO) (“Vornado”) announced today that its Board of Trustees approved the spin-off of its subsidiary, Urban Edge Properties (“UE”), by way of a distribution of all of UE’s outstanding common shares to Vornado’s common shareholders and to the holders of common limited partnership units of Vornado Realty L.P. (“VRLP”). Following the distribution, UE will be an independent, publicly-traded company listed on the New York Stock Exchange (the “NYSE”) under the symbol “UE”. Vornado common shares will continue to trade on the NYSE under the ticker symbol “VNO”. The distribution of UE common shares is expected to occur on January 15, 2015 (the “Distribution Date”). Vornado will distribute all of its UE common shares by way of a pro rata special distribution to Vornado common shareholders.
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By Carla Mozee, MarketWatch Tesco gains on turnaround plan; Santander to raise capital LONDON (MarketWatch) -- European stocks leapt Thursday, extending gains into a second consecutive session on the prospect of further stimulus measures from the European Central Bank.
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Subject to FTC approval, divested stores will continue to operate as competing grocery stores BOISE, Idaho and PLEASANTON, Calif.
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Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE:DMO) announced today a distribution from short-term capital gains of $0.0528 and a distribution from long-term capital gains of $1.1633 per common share for December 2014.
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The need for guaranteed income in retirement planning is crucial as the shift continues away from defined benefit to defined contribution plans, according to new research sponsored by Prudential Financial, Inc. (NYSE:PRU). The findings of the latest National Retirement Risk Index (NRRI) , published by The Center for Retirement Research (CRR) at Boston College, reveal households with access to a workplace retirement plan are less at risk of not being able to maintain their standard of living in retirement.
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2014/12/15
The Federal Reserve might hold back from hiking interest rates in 2015 because of a lack of inflation, said bond guru Bill Gross in a CNBC interview on Monday.
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Access Midstream Partners, L.P. (NYSE: ACMP) (“ACMP”) today announced that the record date and distribution date have been set for ACMP’s previously announced subdivision of (i) each common unit of ACMP (the “ACMP Common Units”) into 1.06152 ACMP Common Units and (ii) each Class B unit of ACMP (the “ACMP Class B Units” and together with the ACMP Common Units, the “ACMP Units”) into 1.06152 ACMP Class B Units (the “Pre-Merger Unit Split”). The Pre-Merger Unit Split is being effected in accordance with the Agreement and Plan of Merger, dated as of October 24, 2014 (the “Merger Agreement”), among ACMP, the ACMP General Partner, Williams Partners L.P. (“Williams Partners”), Williams Partners GP LLC (the “WPZ General Partner”), and VHMS LLC (“Merger Sub”), pursuant to which WPZ will merge with Merger Sub and become a wholly owned subsidiary of ACMP (the “Merger”). The consummation of the
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2014/11/10
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2014/11/7
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2014/12/5
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2014/11/14
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2014/11/12
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A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Crusader Insurance Company (Crusader). Additionally, A.M. Best has affirmed the ICR of “bbb-” of Crusader’s parent company, Unico American Corporation (Unico) [NASDAQ:UNAM]. The outlook for all ratings is stable.
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Popular Articles From: Vornado Approves Spin-Off of Urban Edge Properties to A.M. Best Affirms Ratings of Crusader Insurance Company and Unico American Corporation
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