| American Strategic Investment Co. (NYC) Q1 2025 Earnings Call Transcript |
American Strategic Investment Co. (NYSE:NYC ) Q1 2025 Earnings Conference Call May 9, 2025 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Nicholas Schorsch - Chief Executive Officer Michael LeSanto - Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the American Strategic Investment Company's First Quarter Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-05-09 16:37:37 |
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| American Strategic Investment Co. Announces First Quarter 2025 Results |
NEW YORK--(BUSINESS WIRE)--AMERICAN STRATEGIC INVESTMENT CO. ANNOUNCES FIRST QUARTER 2025 RESULTS. |
businesswire.com |
2025-05-09 10:00:00 |
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| American Strategic Investment Co. Announces Release Date for First Quarter Results |
NEW YORK--(BUSINESS WIRE)--AMERICAN STRATEGIC INVESTMENT CO. ANNOUNCES RELEASE DATE FOR FIRST QUARTER RESULTS. |
businesswire.com |
2025-04-24 10:00:00 |
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| American Strategic Investment Co (NYC) Q4 2024 Earnings Call Transcript |
American Strategic Investment Co (NYSE:NYC ) Q4 2024 Earnings Conference Call March 19, 2025 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Anderson - Chief Executive Officer Mike LeSanto - Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the American Strategic Investment Co.'s Fourth Quarter and Year End 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. |
seekingalpha.com |
2025-03-19 13:51:15 |
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| American Strategic Investment Co. Announces Fourth Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--AMERICAN STRATEGIC INVESTMENT CO. ANNOUNCES FOURTH QUARTER 2024 RESULTS. |
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2025-03-19 08:00:00 |
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| American Strategic Investment Co. Announces Release Date for Fourth Quarter and Full Year 2024 Results |
NEW YORK--(BUSINESS WIRE)--AMERICAN STRATEGIC INVESTMENT CO. ANNOUNCES RELEASE DATE FOR FOURTH QUARTER AND FULL YEAR 2024 RESULTS. |
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2025-03-07 18:15:00 |
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| NineDot Energy Announces $65 Million Equipment Financing |
NEW YORK--(BUSINESS WIRE)-- #batterystorage--NineDot Energy®, the leading developer of community-scale battery energy storage systems (BESS) in the New York City metro area, today announced the closing of a $65 million equipment financing transaction led by First Citizens Bank, a leader in renewable energy finance. This financing supports the purchase of nearly 100 Megawatts (MW) / 400 Megawatt hours (MWh) of batteries for use in up to 20 battery storage projects across the New York City metro area. “NineDot has. |
businesswire.com |
2025-01-22 15:10:00 |
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| American Strategic Investment Co. Sets Closing Date for 9 Times Square Sale |
NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that December 19, 2024, has been set as the closing date for the sale of its 9 Times Square Midtown Manhattan property (“9 Times Square”) for a contract sales price of $63.5 million. Additionally, in connection with this transaction, the buyer has paid a $7 million non-refundable deposit with respect to the sales price. The Company previously announced that it had secured an amendm. |
businesswire.com |
2024-12-10 18:15:00 |
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| All You Need to Know About American Strategic Investment Co. (NYC) Rating Upgrade to Buy |
American Strategic Investment Co. (NYC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
zacks.com |
2024-11-22 15:00:21 |
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| American Strategic Investment Co (NYC) Q3 2024 Earnings Call Transcript |
American Strategic Investment Co (NYSE:NYC ) Q3 2024 Results Conference Call November 12, 2024 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Anderson - Chief Executive Officer Mike LeSanto - Chief Financial Officer Conference Call Participants Bryan Myers - B. Riley Securities Operator Good morning, and welcome to the American Strategic Investment Company Third Quarter Earnings Call. |
seekingalpha.com |
2024-11-12 15:43:09 |
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| American Strategic Investment Co. (NYC) Reports Q3 Loss, Lags Revenue Estimates |
American Strategic Investment Co. (NYC) came out with a quarterly loss of $2.62 per share in line with the Zacks Consensus Estimate. This compares to loss of $4.10 per share a year ago. |
zacks.com |
2024-11-12 10:16:07 |
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| American Strategic Investment Co. Announces Third Quarter 2024 Results |
NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”), a company that owns a portfolio of commercial real estate located within the five boroughs of New York City, announced today its financial and operating results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue was $15.4 million compared to $16.0 million for the same quarter in 2023 Net loss attributable to common stockholders was $34.5 million, compared to $9. |
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2024-11-12 08:00:00 |
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| American Strategic Investment Co. Announces Release Date for Third Quarter Results |
NEW YORK--(BUSINESS WIRE)--AMERICAN STRATEGIC INVESTMENT CO. ANNOUNCES RELEASE DATE FOR THIRD QUARTER RESULTS. |
businesswire.com |
2024-10-25 10:00:00 |
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| American Strategic Investment Co. (NYC) Q2 2024 Earnings Call Transcript |
American Strategic Investment Co. (NYSE:NYC ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Curtis Parker - Senior Vice President Michael Anderson - Chief Executive Officer Mike LeSanto - Chief Financial Officer Conference Call Participants Bryan Myers - B. Riley Securities Operator Good morning and welcome to the American Strategic Investment Company's Second Quarter Earnings call. |
seekingalpha.com |
2024-08-10 08:49:09 |
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| American Strategic Investment Co. (NYC) Reports Q2 Loss, Lags Revenue Estimates |
American Strategic Investment Co. (NYC) came out with a quarterly loss of $2.84 per share versus the Zacks Consensus Estimate of a loss of $2.99. This compares to loss of $4.77 per share a year ago. |
zacks.com |
2024-08-09 12:46:13 |
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| Verizon announces early results of its private exchange offers for 10 series of notes and extension of early participation date |
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced (i) the early participation results, as of 5:00 p.m. (New York City time) on August 2, 2024 (the “Original Early Participation Date”), of its previously announced private offers to exchange the 10 outstanding series of notes listed in the table below and maturing from 2025 through 2028 (collectively, the “Old Notes”), in each case, for newly issued notes of Verizon due 2035 (the “New Notes”) (the “Exchange Offers”), on the terms and subject to the conditions set forth in an offering memorandum dated July 22, 2024 (the “Offering Memorandum”), as amended by Verizon's press release dated July 30, 2024 and (ii) that, with respect to the Exchange Offers, the date and time by which Eligible Holders (as defined below) must validly tender their Old Notes to receive the applicable Total Exchange Price (as defined in the Offering Memorandum), which includes the Early Participation Payment (as defined in the Offering Memorandum), has been extended to 5:00 p.m. (New York City time) on August 19, 2024 (such date and time with respect to an Exchange Offer, the “Extended Early Participation Date”). Accordingly, the Extended Early Participation Date will occur at the same time the Exchange Offers are scheduled to expire. Except as described in this press release, the terms and conditions of the Exchange Offers remain unchanged. The Offering Memorandum and the accompanying eligibility letter for the Exchange Offers constitute the “Exchange Offer Documents”. |
globenewswire.com |
2024-08-05 12:00:00 |
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| American Strategic Investment Co. Announces Release Date for Second Quarter Results |
NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the second quarter ended June 30, 2024, on Friday, August 9, 2024, before the New York Stock Exchange open. The Company will also host a webcast and conference call the same day at 11:00 a.m. ET to review results and provide commentary on business performance. A question-and-answer session will follow the prepared remarks. Dial-i. |
businesswire.com |
2024-07-26 10:00:00 |
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| BELLEVUE CAPITAL PARTNERS, LLC ANNOUNCES FINAL RESULTS OF TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP. |
NEW YORK , July 16, 2024 /PRNewswire/ -- Bellevue Capital Partners, LLC ("Bellevue") announced today the final results of its tender offer to purchase for cash up to 125,000 shares of American Strategic Investment Co. (NYSE: NYC) ("ASIC") common stock at a price of $11.00 per share (the "Tender Offer"), which expired at 5:00 p.m., New York City time, on July 15, 2024. |
prnewswire.com |
2024-07-16 22:06:00 |
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| BELLEVUE CAPITAL PARTNERS, LLC INCREASES THE PURCHASE PRICE FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP. |
$11.00 Offer Represents $0.75 Per Share Increase in Offer Price to May 7, 2024 Tender Offer NEW YORK , June 26, 2024 /PRNewswire/ -- Bellevue Capital Partners, LLC ("Bellevue") announced today that it has increased the purchase price of its previously announced tender offer to purchase up to 125,000 shares of American Strategic Investment Co. (NYSE: NYC) ("ASIC") common stock from the previous purchase price of $10.25 to an increased purchase price of $11.00 per share (the "Tender Offer"). The Tender Offer will close on July 5, 2024. |
prnewswire.com |
2024-06-26 20:15:00 |
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| American Strategic Investment Co. Enters Into Letter of Intent to Sell 9 Times Square for $63.5 Million |
NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it has agreed to a term sheet to sell its 9 Times Square Midtown Manhattan property (“9 Times Square”) for $63.5 million. It is expected that the closing of the transaction will occur within 120 days of the execution of a definitive purchase and sale agreement between the parties. The Company previously announced that it had secured an amendment of the loan on 9 Times Square,. |
businesswire.com |
2024-06-26 10:00:00 |
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| SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger and Tender Offer Expiring on July 5, 2024, for American Strategic Investment Company - NYC |
NEW YORK , June 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating American Strategic Investment Company (NYSE: NYC), relating to a tender offer from Bellevue Capital Partners, LLC. |
prnewswire.com |
2024-06-04 20:05:00 |
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| BELLEVUE CAPITAL PARTNERS, LLC INCREASES THE PURCHASE PRICE FOR ITS PREVIOUSLY ANNOUNCED TENDER OFFER FOR SHARES OF AMERICAN STRATEGIC INVESTMENT CORP. |
$10.25 Offer Represents $1.00 Per Share Increase in Offer Price to May 7, 2024 Tender Offer NEW YORK , May 23, 2024 /PRNewswire/ -- Bellevue Capital Partners, LLC ("Bellevue") announced today that it has increased the purchase price of its previously announced tender offer to purchase up to 125,000 shares of American Strategic Investment Co. (NYSE: NYC) ("ASIC") common stock from the previous purchase price of $9.25 to an increased purchase price of $10.25 per share (the "Tender Offer"). The Tender Offer will close on July 5, 2024. |
prnewswire.com |
2024-05-23 20:15:00 |
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| American Strategic Investment Co. Announces Response to Bellevue Capital Partners, LLC Tender Offer |
NEW YORK--(BUSINESS WIRE)--American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today that it has filed with the Securities and Exchange Commission (“SEC”) a Solicitation/Recommendation Statement on Schedule 14D-9 and Letter to Stockholders dated May 21, 2024, regarding the tender offer commenced by Bellevue Capital Partners, LLC (“Bellevue”) on May 7, 2024, to purchase up to 125,000 shares of the Company's Class A common stock at a price of $9.25 per share (the “Te. |
businesswire.com |
2024-05-21 12:00:00 |
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| loanDepot Commences Exchange Offer and Consent Solicitation for 6.500% Senior Notes due 2025 |
IRVINE, Calif.--(BUSINESS WIRE)--loanDepot, Inc. (NYSE: LDI) (“loanDepot”) announced today that its subsidiary, LD Holdings Group LLC (the “Issuer”), has commenced an offer (the “Exchange Offer”) to certain Eligible Holders (as defined below) to exchange any and all of its outstanding 6.500% Senior Notes due 2025 (the “Old Notes”) for newly issued 8.250% Senior Secured Notes due 2027 (the “New Notes”), and a related consent solicitation upon the terms and conditions set forth in the confidential Offering Memorandum and Consent Solicitation Statement dated May 20, 2024 (the “Offering Memorandum and Consent Solicitation Statement”). The following table below summarizes the principal economic terms of the Exchange Offer: Exchange Consideration per $1,000 Principal Amount of Old Notes Tendered Principal Amount of Total Consideration for Old Notes Tendered at or Prior to the Early Tender Time Tender Consideration for Old Notes Tendered After the Early Tender Time CUSIP Numbers 2025 Notes Outstanding New Notes (principal amount) Cash New Notes (principal amount) Cash 521088AA2 (144A) U5140UAA8 (Reg S) $497,750,000 $850 $250 $850 $200 Eligible Holders that validly tender and do not validly withdraw their Old Notes in the Exchange Offer at or prior to 5:00 p.m., New York City time, on June 3, 2024, unless extended (such date and time, as they may be extended, the “Early Tender Time”), will be eligible to receive $850 principal amount of New Notes and $250 in cash for each $1,000 principal amount of Old Notes tendered (the “Total Consideration”). Such amount includes an “Early Tender Premium” of $50 in cash per $1,000 principal amount of Old Notes tendered. Eligible Holders tendering Old Notes after the Early Tender Time and at or prior to 5:00 p.m., New York City time, on June 18, 2024, unless extended (such date and time, as may be extended, the “Expiration Time”), will only be eligible to receive $850 principal amount of New Notes and $200 in cash for each $1,000 principal amount of Old Notes tendered (the “Tender Consideration”). The New Notes will pay interest at a rate of 8.250% and mature November 1, 2027. The New Notes will be guaranteed by the subsidiaries of the Issuer that are guarantors of the Old Notes and the Issuer’s outstanding 6.125% Senior Notes due 2028 and will be secured, subject to permitted liens, by a first-priority security interest on (1) all of the membership interests of mello Credit Strategies LLC, a direct subsidiary of the Issuer, (2) certain unencumbered non-agency mortgage servicing rights held by loanDepot.com, LLC, a guarantor of the New Notes, with a fair value of up to $60.0 million and (3) $100.6 million aggregate principal amount of 2028 Senior Notes that were previously repurchased by the Issuer and to be held by Artemis Management LLC, a guarantor of the New Notes (collectively, the “Collateral”) as described in the Offering Memorandum and Consent Solicitation Statement. The covenants for the New Notes will be similar to the covenants for the Old Notes with customary modifications for an issuance of secured notes, including prohibiting the Issuer from incurring (a) additional debt secured by the Collateral and (b) capital markets indebtedness secured by non-Collateral. In conjunction with the Exchange Offer, the Issuer is soliciting consents (the “Consent Solicitation”) to eliminate substantially all restrictive covenants and certain of the default provisions (the “Proposed Amendments”) in the indenture governing the Old Notes. Holders who tender their Old Notes in the Exchange Offer will be deemed to have submitted consents pursuant to the Consent Solicitation. The consummation of the Exchange Offer is not subject to, or conditioned upon, the receipt of the requisite consents or to any minimum amount of Old Notes being tendered for exchange. The consummation of the Exchange Offer and Consent Solicitation is subject to the satisfaction or waiver of certain conditions set forth in the confidential Offering Memorandum and Consent Solicitation Statement. Tendered Old Notes may be validly withdrawn at any time prior to 5:00 p.m., New York City time, on June 3, 2024, but not thereafter. Settlement will occur promptly after the Expiration Time and is currently expected to occur on or about June 24, 2024 (the “Settlement Date”). Eligible Holders that validly tender Old Notes at or prior to the Expiration Time will also be eligible to receive cash for accrued and unpaid interest on the exchanged Old Notes from the last interest payment date prior to, but not including, the Settlement Date. Interest on the New Notes will accrue from the Settlement Date. Documents relating to the Exchange Offer and Consent Solicitation will only be distributed to Eligible Holders of the Old Notes who properly complete and return an eligibility form confirming that they are either a “qualified institutional buyer” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or a non-U.S. person in compliance with Regulation S under the Securities Act (such holders, “Eligible Holders”). The complete terms and conditions of the Exchange Offer and Consent Solicitation are described in the Offering Memorandum and Consent Solicitation Statement, copies of which may be obtained by contacting Global Bondholder Services Corporation, the information and exchange agent in connection with the Exchange Offer and Consent Solicitation, at (855) 654-2014 (U.S. toll-free) or (212) 430-3774 (banks and brokers). The eligibility form is available electronically at: https://gbsc-usa.com/eligibility/loandepot. This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the New Notes. The Exchange Offer and Consent Solicitation is only being made pursuant to the Offering Memorandum and Consent Solicitation Statement. The Exchange Offer is not being made to holders of Old Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. The New Notes will not be registered under the Securities Act, or any other applicable securities laws and, unless so registered, the New Notes may not be offered, sold, pledged or otherwise transferred within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements thereof. Accordingly, the New Notes are being offered and issued only (i) to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and (ii) to non-“U.S. persons” who are outside the United States (as defined in Regulation S under the Securities Act). Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors, such as the satisfaction of the conditions described in the confidential Offering Memorandum and Consent Solicitation Statement, that may cause loanDepot’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent management’s beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that loanDepot’s actual future results may be materially different from what loanDepot expects. Important factors that could cause actual results to differ materially from loanDepot’s expectations are included in the section entitled “Risk Factors” set forth in the confidential Offering Memorandum and Consent Solicitation Statement and under the caption “Risk Factors” included in loanDepot’s Annual Report on Form 10-K for the year ended December 31, 2023, incorporated by reference into the Offering Memorandum. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in loanDepot’s filings. loanDepot expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. About loanDepot loanDepot (NYSE: LDI) is a leading provider of lending solutions that make the American dream of homeownership more accessible and achievable for all, especially the increasingly diverse communities of first-time homebuyers, through a broad suite of lending and real estate services that simplify one of life’s most complex transactions. Since its launch in 2010, the company has been recognized as an innovator, using its industry-leading technology to deliver a superior customer experience. Our digital-first approach makes it easier, faster and less stressful to purchase or refinance a home. Today, as one of the largest non-bank lenders in the country, loanDepot and its mellohome operating unit offer an integrated platform of lending, loan servicing, real estate and home services that support customers along their entire homeownership journey. Headquartered in Southern California and with hundreds of local market offices nationwide, loanDepot’s passionate team is dedicated to making a positive difference in the lives of their customers every day. |
https://www.businesswire.com |
2024-05-20 23:28:00 |
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| One of 2024's Most Heartwarming and Feel-Good Stories Is The Rider by Author Jeffrey Miller |
One of 2024's Most Heartwarming and Feel-Good Stories Is The Rider by Author Jeffrey Miller May 20, 2024 9:05 AM EDT | Source: Dabb Media, LLC San Francisco, California--(Newsfile Corp. - May 20, 2024) - Author Jeffrey Miller has announced the release of his debut audiobook, The Rider: Help from an Unexpected Source. This thought-provoking story highlights the power of hope, opportunity, and friendship in unexpected places.Book cover of The RiderThe Rider follows the life of a newly homeless man living in Manhattan. After taking refuge in the subway, he encounters one of New York City's many rats. This rat, however, has both extraordinary intelligence and a deep sense of compassion. Before long, the rat not only becomes his friend and protector but also saves him from a life on the streets. The rat, something hardly noticed in society, serves to show that goodness and wisdom can be found in even the smallest of creatures. Both young adult and adult audiences will appreciate this heartwarming tale of redemption and kindness. Myriam Berger's emotional narration of Miller's evocative storytelling makes this standout audiobook perfect for those who love stories but may be reluctant to read.The Rider will especially resonate with audiences that enjoy a wholesome, feel-good story. While the story is about a rat, an often overlooked, despised animal, making an outsized difference, the underlying message can be applied to overlooked people, overlooked situations, and more. As the author would put it, 'For a giver, one does not need to be great to do good. For a receiver, be open as help may come from unexpected sources. Let us not judge others too quickly.'The Rider: Help from an Unexpected Source is available for purchase on Audible.com, Google Play, or wherever books are sold.Jeff Miller is an author and software engineer. Throughout his life, he has lived in both Manhattan and Silicon Valley. Source:Charlotte Simmonsinfo@dabb.mediaDabb MediaTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/209647 SOURCE: Dabb Media, LLC Learn more about Bill C-18 and how it will affect Canadian users when viewing news online. |
https://feeds.newsfilecorp.com |
2024-05-20 19:10:53 |
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| Explore California, The Ultimate Playground: Memorial Day, Summer 2024 |
CALIFORNIA — If you’re planning to explore California for the three-day Memorial Day weekend, knowing when to avoid the busiest times on major routes can make the difference between a stress-free holiday or one the kids will never let you forget. Some 43.8 million Americans are expected to travel at least 50 miles from home to celebrate Memorial Day in 2024. That's a 4 percent increase from last year, AAA said in its annual Memorial Day travel forecast. Travel this year could approach the record set in 2005 when 44 million people took Memorial Day trips. Many California residents plan to set out and enjoy all that their state has to offer over the three-day weekend. Memorial Day, the unofficial start to summer, has always been a big road trip holiday. About 38.4 million people plan to take off in their cars, the highest number for the holiday since AAA began tracking Memorial Day travel in 2000. Ahead of Memorial Day in California, regular gasoline was selling for an average statewide price of $5.33 a gallon. Pump prices always creep higher as the summer driving season gets underway, and wars in Ukraine and the Middle East could roil the oil market, AAA cautioned. Be prepared. Heading to some of California's most favored destinations might require a tank or two of gas to get there. "The Golden State is massive," according to Visit California. The third largest state in the nation, it comprises more square miles than many countries. "To see a good chunk of California in one trip, you need to strategize. Setting from Southern California to Northern California can take 15 hours by car, the same distance from New York City to Jacksonville, Florida." For some quick weekend trips across the state, flying may be your best option. Airports are expected to be busier than last year, too, with about 3.51 million people flying to their Memorial Day destinations, 4.8 percent more than last year and 9 percent more than pre-pandemic 2019. AAA said crowds could rival the post-9/11 recovery in 2005, when 3.64 million people flew. “We haven’t seen Memorial Day weekend travel numbers like these in almost 20 years.” Paula Twidale, a senior vice president at AAA Travel, said in a news release. “We’re projecting an additional 1 million travelers this holiday weekend compared to 2019, which not only means we’re exceeding pre-pandemic levels but also signals a very busy summer travel season ahead.” Where are the best destinations in the Golden State? According to Wallet Hub, the Los Angeles, Long Beach, and Anaheim areas are among the most visited in California over the summer months, but Californians can see much more outside of the metro areas. Travel Times To Avoid AAA’s transportation data partner, INRIX, says drivers who are leaving on Thursday and Friday should get on the road early to avoid peak commute time. Travelers returning from their getaways on Sunday and Monday should avoid the peak travel afternoon hours. “Travel times are expected to be 90 percent longer than normal,” Bob Pishue, a transportation analyst at INRIX, said in a news release. He advised road trippers to remain up to date on traffic apps, 511 services and local news stations to avoid sitting in traffic any longer than necessary. These are the best and worst times to travel by car (all times local): Thursday, May 23 Friday, May 24 Saturday, May 25 Sunday, May 26 Monday, May 27 Peak Congestion Times: Here are the peak congestion times for busy metropolitan routes, the estimated travel time and the increase in traffic due to the holiday: Other Means Of Travel Rebound While most people are either driving or flying to their Memorial Day destinations, about 1.9 million people will take trains, buses and cruises, an increase of 5.6 percent from last year, AAA said. “This category took the biggest hit during the pandemic with fewer people taking public transportation or not cruising at all,” Twidale said. “Now — five years later — we’re back to 2019 numbers. Travel demand has been soaring, and long holiday weekends create the perfect windows for getaways.” Related: |
https://www.patch.com |
2024-05-20 17:36:14 |
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| Saluda Grade Awarded both RMBS Issuer of the Year and RMBS Deal of the Year at the 2024 GlobalCapital US Securitization Awards |
NEW YORK--(BUSINESS WIRE)--Saluda Grade, an alternative asset management platform focused on emerging asset classes within the U.S. real estate sector, is thrilled to announce being awarded both RMBS Issuer of the Year and RMBS Deal of the Year at the 2024 GlobalCapital US Securitization Awards held Thursday, May 16th in New York City. Saluda Grade was awarded Residential Mortgage-Backed Securities (RMBS) Issuer of the Year over industry giants, including Freddie Mac and Fannie Mae, cementing its leadership position in the RMBS securitization market. The RMBS Deal of the Year, UNLOK 2023-1, was a groundbreaking close of the industry's first rated securitization backed by Home Equity Agreements (HEAs). This securitization has helped solidify HEAs as a well-structured consumer finance product valuable to both homeowners and investors. The GlobalCapital US Securitization Awards feature leading banks, issuers, deals, investors, and service providers within the industry. The awards showcase those firms recognized as leading sponsors within their peer group, with winners selected through an industry vote. "These wins are a testament to the dedication of our team and our continued effort to deliver differentiated investment opportunities to the securitization markets and our institutional investor partnerships," said Saluda Grade Founder & CEO Ryan Craft. Saluda Grade had a solid finish to 2023, closing five deals (~$1.6B in total) in Q4. Included among these deals was the inaugural securitization of Home Improvement Loans originated by Momnt and the largest ever construction loan securitization, which was comprised of loans originated by Builders Capital. The momentum has continued in 2024 with Saluda Grade closing an additional five deals (~1.3B in total) year to date. Overall, Saluda Grade has completed 33 securitizations (~$7.8B in total) since its inception, establishing itself as a market leader across alternative mortgage and residential adjacent assets. About Saluda Grade Saluda Grade is an alternative asset manager focused on opportunities in asset backed finance, real estate debt and equity, and hard asset sectors. Headquartered in New York City, the Firm was founded in 2019. See saludagrade.com for additional information. Disclaimer: This press release is for informational purposes only and is neither an offer to sell nor the solicitation of an offer to any for any other securities, and shall not constitute an offer, solicitation or sale. Any offers will be made only by means of a private offering memorandum. The RMBS Issuer of the Year award for 2023 was open to anyone active in the securitization market and recipients of the award were based on organizations which had been involved in the most innovative or challenging transactions, the quality of execution and structuring; investment, growth, and progression in the business, or those who stood out for the breadth and depth of their securitization franchises. There were 7 finalists considered for this award. Saluda Grade did not pay a fee to be considered for this award. The RMBS Deal of the Year award for 2023 was open to all US RMBS deals issued in 2023. Deals were considered based on their impact on the market, how well they timed and read the market and their reach among investors, as well as innovation. There were 5 finalists considered for this award. Saluda Grade did not pay a fee to be considered for this award. |
https://www.businesswire.com |
2024-05-20 15:10:00 |
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