Apple REIT Ten
The downtown REIT said it closed on three hotels for a total of $46.62 million. The properties include Hilton Garden Inns in Merrillville, Ind., and Scottsdale, Ariz., and a Homewood Suites in Austin. Apple REIT Ten assumed a $10.67 million existing loan on the Arizona property with a maturity date in 2017.
Brink’s
Chairman, President and CEO Michael Dan received 1,184 units of deferred stock valued at $24.35 each as part of a deferred compensation plan.
C&F Financial Corp.
The company and its mortgage subsidiary agreed to pay a $140,000 settlement with the Department of Justice related to previously disclosed allegations of violations of the Equal Credit Opportunity Act and the Fair Housing Act. C&F said it agreed to a settlement to avoid the burden of litigation and the associated distractions. C&F said in its filing that it strongly disagrees with the alleged violations and denies that it violated any fair lending law or engaged in any wrongdoing. The settlement is pending government approval.
Dominion Resources
The company extended a $3 billion credit line for its Virginia Electric and Power Co. subsidiary through Sept. 24, 2016. It also extended the terms on a $500 million credit line.
Several Dominion directors received dozens of shares valued at $50.77 per share as part of a director’s compensation plan.
Dynex Capital
Dynex announced in a news release that it has entered an agreement to settle a class action lawsuit filed against it in 2005 by a Teamsters pension fund. The suit alleged violations of the federal securities laws related to Dynex’s sale of certain securitized financing bonds. In the proposed settlement, Dynex would pay $7.5 million. Dynex continues to deny that it violated any securities laws. If approved, the settlement would reduce earnings per share for the third quarter of 2011 by approximately $0.18 per share.
Genworth Financial
The company’s directors each received thousands of shares of deferred stock units that will be payable as shares of common stock.
James River Coal
Steelhead Partners, an institutional investor, sold 35,609 shares of its James River Coal holdings for about $8.20 per share or about $290,000. It still owns 4.1 million shares of the JRC stock.
Markel
Vice Chairman Tony Markel sold 77 shares for $366.05 each or a total of about $28,000. The shares were held in a trust in his children’s names.
MeadWestvaco
A dozen of the company’s top executives acquired various amounts of shares for $24.56 each as part of a deferred compensation plan.
Media General
The company’s directors were given shares of phantom stock valued at $1.92 per share. MG’s shares reached their lowest point ever this week at $1.30.
Owens & Minor
O&M directors each received shares of phantom stock valued at $28.48 per share.
Union First Market Bankshares
Director Douglas Caton bought 1,870 shares for $10.58 each.
Apple REIT Ten
The downtown REIT said it closed on three hotels for a total of $46.62 million. The properties include Hilton Garden Inns in Merrillville, Ind., and Scottsdale, Ariz., and a Homewood Suites in Austin. Apple REIT Ten assumed a $10.67 million existing loan on the Arizona property with a maturity date in 2017.
Brink’s
Chairman, President and CEO Michael Dan received 1,184 units of deferred stock valued at $24.35 each as part of a deferred compensation plan.
C&F Financial Corp.
The company and its mortgage subsidiary agreed to pay a $140,000 settlement with the Department of Justice related to previously disclosed allegations of violations of the Equal Credit Opportunity Act and the Fair Housing Act. C&F said it agreed to a settlement to avoid the burden of litigation and the associated distractions. C&F said in its filing that it strongly disagrees with the alleged violations and denies that it violated any fair lending law or engaged in any wrongdoing. The settlement is pending government approval.
Dominion Resources
The company extended a $3 billion credit line for its Virginia Electric and Power Co. subsidiary through Sept. 24, 2016. It also extended the terms on a $500 million credit line.
Several Dominion directors received dozens of shares valued at $50.77 per share as part of a director’s compensation plan.
Dynex Capital
Dynex announced in a news release that it has entered an agreement to settle a class action lawsuit filed against it in 2005 by a Teamsters pension fund. The suit alleged violations of the federal securities laws related to Dynex’s sale of certain securitized financing bonds. In the proposed settlement, Dynex would pay $7.5 million. Dynex continues to deny that it violated any securities laws. If approved, the settlement would reduce earnings per share for the third quarter of 2011 by approximately $0.18 per share.
Genworth Financial
The company’s directors each received thousands of shares of deferred stock units that will be payable as shares of common stock.
James River Coal
Steelhead Partners, an institutional investor, sold 35,609 shares of its James River Coal holdings for about $8.20 per share or about $290,000. It still owns 4.1 million shares of the JRC stock.
Markel
Vice Chairman Tony Markel sold 77 shares for $366.05 each or a total of about $28,000. The shares were held in a trust in his children’s names.
MeadWestvaco
A dozen of the company’s top executives acquired various amounts of shares for $24.56 each as part of a deferred compensation plan.
Media General
The company’s directors were given shares of phantom stock valued at $1.92 per share. MG’s shares reached their lowest point ever this week at $1.30.
Owens & Minor
O&M directors each received shares of phantom stock valued at $28.48 per share.
Union First Market Bankshares
Director Douglas Caton bought 1,870 shares for $10.58 each.