News Results

  1. AM Best Affirms Credit Ratings of MLMIC Insurance Company
    Business Wire | 03:23 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of MLMIC Insurance Company. The ratings reflect MLMIC?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  2. KKR Supports 74 Small Businesses and Nonprofits in Latest Grants to Aid Global Economic Recovery
    Business Wire | 02:00 PM EST

    In Celebration of GivingTuesday, Firm Also Provides $50,000 Community Grant to the NYC Partnership Foundation to Stimulate New Business Creation and Resiliency KKR today announced the recipients of the latest rounds of KKR Relief Effort grants awarded through two of the initiative?s cornerstone programs: KKR Small Business Builders and KKR Grants.

  3. AM Best Affirms Credit Ratings of RLI Corp. and Its Subsidiaries
    Business Wire | 01:45 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the members of RLI Group. The ratings reflect RLI?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.

  4. Choice Properties Real Estate Investment Trust Completes Inaugural Green Bond Offering of $350 million of Series Q Senior Unsecured Debentures
    Business Wire | 08:27 AM EST

    Not for distribution to U.S. News Wire Services or dissemination in the United States.

  5. Dollar Tree Announces Pricing of $1.2 Billion in Senior Notes
    Business Wire | 11/29/21 06:04 PM EST

    Dollar Tree, Inc. (DLTR) today announced that it has priced a public offering of $1.2 billion of its senior notes, consisting of $800 million aggregate principal amount of its 2.650% Senior Notes due 2031 and $400 million aggregate principal amount of its 3.375% Senior Notes due 2051.

  6. Chatham Asset Management Offers To Acquire R.R. Donnelley For $10.25 Per Share In Cash
    Business Wire | 11/29/21 05:20 PM EST

    Increased Binding Offer Delivers Superior Value to RRD Stockholders than Transaction with Atlas Holdings or Offer from Undisclosed Strategic Party Calls on Board to Meaningfully Engage with Chatham by Close of Business on December 1 Chatham Owns Control Positions in RRD?s Three Largest Bond Tranches CHATHAM, N.J.---- Chatham Asset Management, LLC, a private investment firm which manages funds t...

  7. BNY Mellon Municipal Bond Closed-end Funds Declare Distributions
    Business Wire | 11/29/21 04:22 PM EST

    BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.

  8. KBRA Assigns Preliminary Ratings to FREMF 2021-K135 and Freddie Mac Structured Pass-Through Certificate Series K-135
    Business Wire | 11/29/21 02:16 PM EST

    Kroll Bond Rating Agency is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2021-K135 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-135. The underlying transaction is collateralized by 45 fixed-rate multifamily mortgage loans.

  9. PROG Holdings, Inc. Announces Closing of Senior Unsecured Notes Offering and Satisfaction of Tender Offer Financing Condition
    Business Wire | 11/26/21 01:34 PM EST

    PROG Holdings, Inc. (PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the completion of its previously announced offering of $600 million in aggregate principal amount of its 6.00% senior unsecured notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Se...

  10. AM Best Affirms Credit Ratings of RF&G Insurance Company Limited
    Business Wire | 11/24/21 10:49 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of RF&G Insurance Company Limited . The outlook of these Credit Ratings is stable. The ratings reflect RF&G?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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