Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment Prices Additional Shares of Common Stock

Five Oaks Investment, a real estate investment trust. said Friday that it has priced an underwritten public offering of 4 million shares of its common stock at $4.60 per share. In connection with the offering, the company has granted the underwriters an option for 30 days to purchase up to an additional 15%, or 600,000 shares of the common stock. The company said it intends to use the net proceeds […]

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Middle East Shares Mostly Higher

Middle East Shares Mostly Higher

MidEast stocks mostly advanced, with Abu Dhabi supported by gains in Dana Gas on hopes for payments from the Kurdistan Regional Government (KRG). Earlier in the week, Pearl Petroleum, a consortium involving Dana, had applied to a U.S. District Court for recognition and enforcement of awards made at the London Court of International Arbitration against the KRG. KRG has resisted legal efforts to make it pay Pearl for years and […]

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Personal Income and Spending Rise In Line

Personal Income and Spending Rise In Line

The U.S. income report revealed big, but expected, April gains of 0.4% for both income and consumption thanks to a skewing of Q1 spending toward March that raised the trajectory into Q2. There was a 0.2% “real” April consumption rise after what is now a 0.5% (was 0.2%) March surge that reflected a two-month weather-lift. There were 0.2% gains for both headline and core personal consumption expenditure (PCE) chain prices, […]

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European ADRs Slightly Higher

European ADRs Slightly Higher

American depository receipts of European stocks were 0.01% higher at 135.85 on the Bank of New York Mellon Europe ADR Index on Wednesday morning. Gainers in Continental Europe were led by Edap (EDAP), a French medical devices developer,1.8% higher, followed by Oasmia Pharmaceutical (OASM), up by 1.7% and STMicroelectronics – New York Shares (STM), an Italian semiconductor company, up by 1.4% and Telefonaktiebolaget LM Ericsson (ERIC), a telecommunication company, 1.3% […]

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Alcentra Capital Prices Offering of Common Stock

Alcentra Capital Prices Offering of Common Stock

Alcentra Capital fell in morning trading on Wednesday after the specialty finance company priced an underwritten primary offering of 808,161 shares of its common stock and a concurrent underwritten secondary offering of 1.7 million shares on behalf of Alcentra NY, the company’s investment adviser, and another selling stockholder at a public offering price of $13.68 per share, 2.5% below the share closing price on Tuesday. Shares fell 3.4% to $13.56 […]

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