News Results

  1. Seaspan Announces Summons for Bondholders' Meeting
    PR Newswire | 05:00 PM EST

    LONDON, Dec. 1, 2022 Seaspan Corporation a wholly owned subsidiary of Atlas Corp. (ATCO), has today instructed Nordic Trustee to summon a bondholders' meeting for 16 December 2022 for the Company's senior unsecured bonds maturing in April 2026. The purpose of the meeting is to consider a proposal for certain amendments to the bond terms.

  2. Manufacturing PMI? at 49%; November 2022 Manufacturing ISM? Report On Business?
    PR Newswire | 10:00 AM EST

    New Orders Contracting; Production Growing; Backlogs Contracting; Supplier Deliveries Faster; Raw Materials Inventories Growing; Customers' Inventories Too Low; Prices Decreasing; Exports and Imports Contracting. TEMPE, Ariz.

  3. NexPoint Residential Trust, Inc. Completes Refinancings of 18-Properties With 1 Additional Refinancing Expected to Close on December 1st; "De-risks" the Balance Sheet through Improved Cost of Capital/Extends Weighted Average Maturity to 6.3 years
    PR Newswire | 08:30 AM EST

    DALLAS, Dec. 1, 2022 NexPoint Residential Trust, Inc. (NXRT) announced today the closing of 18-property mortgage refinancings through KeyBank Real Estate Capital and The Federal Home Loan Mortgage Corporation. Holistically, these refinancings are expected to reduce NXRT's weighted average interest rate on total debt by 12 bps to 5.35%, before the impact of interest rate swap contracts.

  4. Fannie Mae Releases October 2022 Monthly Summary
    PR Newswire | 11/30/22 04:05 PM EST

    WASHINGTON, Nov. 30, 2022 Fannie Mae's October 2022 Monthly Summary is now available. Fannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America. Fannie Mae Newsroom

  5. ADP National Employment Report: Private Sector Employment Increased by 127,000 Jobs in November; Annual Pay was Up 7.6%
    PR Newswire | 11/30/22 08:15 AM EST

    ROSELAND, N.J., Nov. 30, 2022 ?Private sector employment increased by 127,000 jobs in November and annual pay was up 7.6 percent year-over-year, according to the November ADP? National Employment Report? produced by the ADP Research Institute? in collaboration with the Stanford Digital Economy Lab.

  6. California REALTORS? applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits
    PR Newswire | 11/29/22 02:00 PM EST

    LOS ANGELES, Nov. 29, 2022 The CALIFORNIA ASSOCIATION OF REALTORS? today issued the following statement in response to the Federal Housing Finance Agency's announcement to increase the 2023 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $726,200 on one-unit properties and a cap of $1,089,300 in high-cost areas.

  7. US Consumer Confidence Declined Again in November
    PR Newswire | 11/29/22 10:00 AM EST

    NEW YORK, Nov. 29, 2022 The Conference Board Consumer Confidence Index? decreased in November after also losing ground in October. "Consumer confidence declined again in November, most likely prompted by the recent rise in gas prices," said Lynn Franco, Senior Director of Economic Indicators at The Conference Board.

  8. Equitable Bank upgraded to BBB(high)/stable by DBRS Morningstar
    PR Newswire | 11/29/22 09:30 AM EST

    TORONTO, Nov. 29, 2022 EQB Inc.,?, announced upgrades to the ratings of EQB, Equitable Bank and Concentra Bank by DRBS Limited following an annual review of performance and the closing of the Bank's acquisition of Concentra Bank.

  9. Bank of America Corporation Announces Hypothetical Accrued Dividends and Hypothetical Total Consideration for LIBOR Depositary Shares Sought in its Cash Tender Offers and Amendments to the Offer to Purchase
    PR Newswire | 11/28/22 08:30 AM EST

    CHARLOTTE, N.C., Nov. 28, 2022 Bank of America Corporation (BAC) previously announced the commencement of 14 concurrent, but separate, offers by BofA Securities, Inc., a wholly owned indirect subsidiary of Bank of America (BAC), to purchase for cash up to $1.5 billion in aggregate Liquidation Preference of outstanding Depositary Shares, representing fractional interests in 14 separate series of Bank of Ame...

  10. Copper Mountain Mining Receives Bondholder Approval for the Sale of the Eva Copper Project and the Australian Exploration Tenements and Announces Bond Buyback Offer
    PR Newswire | 11/28/22 08:00 AM EST

    VANCOUVER, BC, Nov. 28, 2022 Copper Mountain Mining Corporation (CPPMF) ?is pleased to announce that it has received bondholder approval under its US$250 million senior secured bonds for the previously announced sale of its wholly-owned Eva Copper Project and its 2,100km2 exploration land package in Queensland, Australia to Harmony Gold Mining Company Limited.

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.