Ree Drummond, better known as “the Pioneer Woman,” has offered a statement on the terrible accident that hurt both her husband, Ladd, and her nephew, Caleb.
States take different approaches to how to safely hold proms and University of Michigan students are locked out of non-residential buildings for failing to comply with the school's COVID-19 testing protocol.
Mike shared a picture taken by the Duchess of Cambridge.
Oscar-nominated actress says she's sorry for the lost-in-translation moment, despite the viral popularity of her BAFTA acceptance speech.
Helen McCrory has died at the age of 52. On Friday, the Harry Potter star's husband, Damian Lewis, confirmed the news in a statement on Twitter.
James C. Nicola, whose tenure as artistic director of Off Broadway’s New York Theatre Workshop included the development of such prominent stage works as Rent, Once, Hadestown, What the Constitution Means to Me, Slave Play and David Bowie’s Lazarus, will leave the post next year, the company announced today. “In July of 2022, I will […]
Veterans United Home Loans and realtor.com® have launched the Stars, Stripes and Summer $100K Veteran Homebuyer Giveaway. The promotion is the ninth sweepstakes collaboration between Veterans United and realtor.com® to give back to military Veterans and service members to say thank you for their service.
The president had said in February he would raise the limit from 15,000 to 62,500 for this year.
In recommending AGAINST the transaction ISS agreed with Capital Returns that the process was suboptimal, the valuation is uncompelling, and the downside risk to rejecting the transaction is low. NEW YORK, April 16, 2021 (GLOBE NEWSWIRE) -- Capital Returns Management, LLC (together with its affiliates, “Capital Returns”), beneficial owner of 147,752 shares of Class A common stock of FBL Financial Group, Inc. (“FBL” or the “Company”) (NYSE: FFG), today issued the following statement welcoming the recommendation from leading proxy advisory firm Institutional Shareholder Services (“ISS”) that shareholders vote AGAINST the proposed merger of FBL with Farm Bureau Financial Property & Casualty Insurance Company (“FBPCIC”): “We are pleased that ISS is recommending that shareholders vote against this deal. The proposed merger materially undervalues FBL and was the result of a flawed process rife with conflicts of interest. The $56 price is grossly inadequate and fails to reflect FBL’s strategic importance to FBPCIC. Given the significant appreciation in life insurance company valuations since the time of the negotiation, the deal offers no real premium to FBL shareholders and there is limited downside risk when shareholders reject this low-ball offer.” In its report, ISS concluded: 1 “Given the suboptimal process, uncompelling valuation, and low downside risk of non-approval, the standalone scenario appears to be a more attractive alternative to the offer. As such, shareholders are recommended to vote against the proposed transaction under the current terms.” ISS also noted the following:1 In the deal, shareholders “would be cashing out below the company's trading range pre-COVID, at a time when interest rates have just begun to rise and would be giving up an annual special dividend.”“Our analysis … concurs with the dissident's argument that the proposed offer does not represent an adequate premium to unaffiliated shareholders.”“The performance of the [S&P 500 Health & Life Insurance Index] and the company's more direct peers appear to validate the dissident's argument that [FBL] shareholders are receiving a minimal premium based on today's valuation.”“The rally in the sector since the announcement also suggests that that downside risk of non-approval may be limited.”“The discount to the three-year historical trading ranges – which appear more relevant based on the interest rate environment – seems to contradict the board's assertion that it has negotiated a premium on behalf of unaffiliated shareholders.”“[T]he company has a robust capital position, has historically paid an attractive annual special dividend, and will benefit from rising rates. Its unique mutually beneficial relationship with IFBF and FBPCIC provides access to a niche market. These attributes appear to be valued favorably by investors, as evidenced by premium trading valuations relative to its peers.”“[…] our analysis nonetheless concurs with the dissident's argument that the proposed offer does not represent an adequate premium to unaffiliated shareholders.” As outlined in our investor presentation dated April 6, 2021, Capital Returns continues to believe that: The transaction is rife with conflicts of interest;The special committee received flawed analysis from its financial advisors;The negotiating process was lackluster at best;The consideration is well below the value implied by comparable transactions and fails to reflect FBL’s strategic importance to FBPCIC;The acquisition proposal offers no real premium to shareholders; andThere is limited downside risk to rejecting the proposal and for FBL to remain independent. Capital Returns encourages its fellow shareholders to review its presentation, its proxy materials, and its shareholder letters, all of which are available at https://saratogaproxy.com/capitalreturns. Capital Returns intends to vote AGAINST the proposed merger and urges all FBL shareholders to vote AGAINST the proposed merger on the GOLD Proxy Card based on the concerns highlighted by ISS and as identified in our proxy materials. About Capital Returns Management: Capital Returns is a sector focused fund that invests exclusively in the insurance industry. 1Permission to quote was not sought or granted. Emphasis added. CONTACT: Investor & Media contacts: Ronald Bobman Capital Returns Management (212) 813 0860 John Ferguson Saratoga Proxy Consulting (212) 257-1311 info@saratogaproxy.com
Excess cash in the financial system has pressured overnight interest rates, in some instances pushing them negative, which, analysts said, could prompt the Federal Reserve to lift the short-term rates it manages. The overnight repurchase rate, which measures the cost of borrowing short-term cash using Treasuries or other debt securities as collateral, dropped to as low as -0.06% in late March and hit that level again on Wednesday, before stabilizing at around 0.01% on Friday. The U.S. secured overnight financing rate (SOFR), a short-term reference rate replacing the benchmark London interbank offered rates (LIBOR), has been pinned to 0.01% since about March.
Actress and comedian Amy Schumer is using social media to reach out to fellow parents for advice as she gets ready to return to work for the first time since becoming a mother.
Apr. 16—The Jamestown/Stutsman Development Corp. gave preliminary authorization for spending $600,000 for work on a preliminary estimate and design of the Buffalo City Park. The action came at a special meeting Friday morning of the JSDC Board of Directors. Final approval requires action by the Jamestown City Council and the Stutsman County Commission. Discussion by the board was held in a ...
“She died as she lived. Fearlessly,” McCrory's husband Damian Lewis wrote on Twitter.
Another subtle sign that these two might be a couple.
Dwyane Wade is an NBA owner. The Utah Jazz announced Friday that the 13-time NBA All-Star will join the youngest ownership group in the league. The group is headed by technology entrepreneur Ryan Smith, who along with his wife, Ashley, acquired majority interest in the Jazz in late 2020.
Apr. 16—Nine gymnasts from the Jamestown Gymnastics Club will be competing at the upcoming regional gymnastics meets. Gymnasts competing at level 6 and level 8 will be headed to Bettendorf, Iowa this weekend to compete against teams from North Dakota, Minnesota, Iowa, Missouri, Nebraska, South Dakota and Wisconsin. In order to qualify for the regional meet, each gymnast had to achieve an ...
Apr. 16—Haley Nelson, Gavin Haut, Luke Shekeryk and Autumn Opperud were selected Jamestown Optimist Club Athletes of the Week for the week of April 5-11. Nelson, a junior on the JHS girls soccer team, tallied a goal and two assists in the Blue Jays' 6-1 win over Bismarck St. Mary's to open the season. Haut, a senior on the JHS boys track and field team, qualified for the state Class A ...
TORONTO, April 16, 2021 (GLOBE NEWSWIRE) -- (TSX: PFIA) Picton Mahoney Asset Management announced today that it has declared the April 2021 monthly cash distribution of $0.0421 per unit for the ETF units (“ETF Units”) of the Picton Mahoney Fortified Income Alternative Fund. Unitholders of record of the ETF Units, at the close of business on April 23, 2021, will receive a per-unit cash distribution payable on April 30, 2021. About Picton Mahoney Asset Management Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments. Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $8.7 billion (as at March 31, 2021) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country. Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale. For further information please contact: Arthur Galloway Picton Mahoney Asset Management Tel: (416) 955-4108 Web site: www.pictonmahoney.com Email: service@pictonmahoney.com
You could borrow from your home to eliminate the debt, but beware of risks.
A vocal critic of President Jair Bolsonaro is expected to lead a congressional inquiry on the government's handling of the coronavirus pandemic, five sources told Reuters, a blow to the far-right leader's chances of emerging unscathed from the scrutiny. The probe will investigate whether Bolsonaro's handling of the pandemic has been negligent. Renan Calheiros, a former president of the Senate who has clashed with Bolsonaro, is expected to lead the inquiry, said the sources, requesting anonymity because the decision is not final.
Apr. 16—Seaside improved to 2-0 with a 10-7 victory over Valley Catholic, in Cowapa League softball action Thursday at Broadway Field. Seaside pitcher Gracie Rhodes struck out 10 batters with two walks, while the Gulls supported her with five runs in the fifth inning and two in the sixth on their way to the win. The Valiants had six hits and held a 6-3 lead in the top of the fifth, before ...
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