Realty Income Corp., Escondido, Calif., has priced an offering of 4.1 million shares of common stock at $24.32.Realty Income said the offering will raise gross proceeds of approximately $99.7 million, which will be used in part to fund a portion of the purchase price of a previously announced acquisition and to repay borrowings under the company's $300 million unsecured acquisition credit facility. The sole book-running manager of the offering is Merrill Lynch & Co. The company can be found on the Web at http://www.realtyincome.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
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McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
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The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18