Finance News

HONOLULU--(BUSINESS WIRE)--American Savings Bank, N.A. (“ASB”) announced today the pricing of its upsized initial public offering of 8,057,240 shares of its common stock being sold by certain of its existing stockholders (the “Selling Stockholders”) at a price to the public of $16.00 per share. ASB will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders also granted the underwriters a 30-day option to purchase up to an additional 1,208,586...

SUNNYVALE, Calif.--(BUSINESS WIRE)--AfinClic Financial Technologies, Inc. (dba AfinLoans) has raised $10 million and is deploying $4 million across 1,000 loans to borrowers with no credit file. On Sept. 16, it will explain its approach at the DCNY Summit at the U.S. House of Representatives on Capitol Hill, Washington, D.C. Using frontier AI, the platform underwrites borrowers with no credit file based on earnings and the loan’s intended purchase. Its Salt Lake City pilot tested and measured th...

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 102 classes of mortgage pass-through certificates from Sequoia Mortgage Trust 2026-12 (SEMT 2026-12), a $535.3 million prime RMBS transaction. The pool is comprised of 428 first-lien, fully amortizing fixed rate mortgages with mostly 30-year maturity terms. The collateral is characterized by a weighted average (WA) original credit score of 774 and moderate borrower equity, with a WA original LTV and WA original CLTV of 71.7% and 71....

COLUMBIA, Tenn.--(BUSINESS WIRE)--First Farmers and Merchants Corporation (OTCID: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.32 per share, which will be paid on October 15, 2026, to shareholders of record as of October 1, 2026. The $0.32 per share dividend represents a 10.3% increase compared with the $0.29 per share cash dividend paid in the prior quarter and the s...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emergin...

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in August 2026. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securitie...

TORONTO--(BUSINESS WIRE)--PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2026 September cash distributions for the ETF series (“ETF Series”) of the PIMCO Canada mutual funds that distribute monthly (“Funds”). Unitholders of record of the ETF Series, at the close of business on September 22, 2026, will receive per-unit cash distribution payable on or about September 29, 2026. Details of the per-unit cash distribution amount are as follows: Fund Name Ticker Cash Distribution per Unit PIM...

TORONTO--(BUSINESS WIRE)--RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.65 cents per unit for the month of September. The distribution will be payable on October 7, 2026, to unitholders of record as at September 30, 2026. About RioCan RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at June 30, 2026, our portfolio is...

CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIM, OCCIN) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate at August 31, 2026. Management’s unaudited estimate of the range of our NAV per share of our common stock at August 31, 2026 is between $3.17 and $3.27. This estimate is not a comprehensive...

TORONTO--(BUSINESS WIRE)--PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2026 third quarter cash distributions for the ETF series (“ETF Series”) of the PIMCO Canada mutual funds that distribute quarterly (“Funds”). Unitholders of record of the ETF Series, at the close of business on September 22, 2026, will receive a per-unit cash distribution payable on or about September 29, 2026. Details of the per-unit cash distribution amounts are as follows: Fund Name Ticker Cash Distribution per...