America First Multifamily Investors To Issue 1 Mln Shares to Existing Investor For Limited Partnership Interest

America First Multifamily Investors To Issue 1 Mln Shares to Existing Investor For Limited Partnership Interest

America First Multifamily Investors (ATAX) entered into a follow-on subscription agreement with an existing investor Tuesday to issue 1 million series A preferred units which represent a limited, $10 million interest in the partnership. The preferred units (which are non-cumulative, non-convertible and non-voting) are a class of limited partnership interests in the partnership and are being issued pursuant to a private placement of up to a maximum of $100 million. […]

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Tesco Renews Dividend Payment as Six-Month Profit

Tesco Renews Dividend Payment as Six-Month Profit

Tesco (TSCO.L) is resuming dividend payments as profit at Britain’s largest grocer climbed 27% in its first six months, driven by growth at its core fresh food business. Group operating profit before exceptional items, management’s preferred profit measure, was 759 million pounds ($1.01 billion) for the 26 weeks ended Aug. 26, compared with 596 million pounds a year earlier, the London-based company said on Wednesday. Tesco will pay a dividend […]

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OTI Gets Second Batch Purchase Order of 2,000 Cashless Payment Systems From Japan

OTI Gets Second Batch Purchase Order of 2,000 Cashless Payment Systems From Japan

On Track Innovations (OTIV), a provider of near field communication and cashless payment products, said Tuesday that it has received the second batch purchase order of 2,000 cashless payment systems from Japan. The systems include the company’s new UNO Plus EMV and FeliCa contactless reader and the GoBox Multi-Service Telemetry Gateway. The value of the order was not disclosed. The initial 3,000 system delivery that was announced earlier this year […]

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European Stocks Fall, Snapping Nine Days of Gains

European Stocks Fall, Snapping Nine Days of Gains

European stocks dropped on Wednesday, ending a nine-day winning streak, as the crisis over Catalonia’s independence referendum escalated following intervention by the king of Spain. King Felipe VI said in a televised address late Tuesday that organizers of Sunday’s vote, which was deemed unconstitutional by the Spanish government, had put themselves “outside the law,” the BBC reported. In the meantime, secessionist leader Carles Puigdemont said his government would “act at […]

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Acuity Brands Inc Fiscal Q4 Adjusted EPS Beats Estimates

Acuity Brands Inc Fiscal Q4 Adjusted EPS Beats Estimates

Acuity Brands Inc (AYI) reported fiscal Q4 adjusted EPS of $2.55, up from $2.21 for the same period last year. This beat the $2.43 per share estimate of analysts polled by Capital IQ. Revenue for the quarter, which ended Aug. 31, was $957.6 million, versus $925.5 million last year. This missed the $975.1 million consensus from Capital IQ. CEO Vernon Nagel commented, “We remain bullish regarding the company’s prospects for […]

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