Apple REITs
Apple REIT Eight said its board approved a reduction in annual distribution rate from $0.55 to $0.4675 per common share, effective for its planned April 15 distribution. The distribution will continue to be paid monthly.
Apple REIT Seven also is reducing its annual distribution rate from $0.77 to $0.66 per common share.
Community Bankers Trust (BTC)
The parent of Essex Bank said it has been approved for listing on the NASDAQ Capital Market under the symbol “ESXB”. The company expects it will begin trading on NASDAQ on March 14. It will continue to trade on the New York Stock Exchange under its current symbol “BTC” until the market close on March 13, 2013.
Markel (MKL)
The insurer said it is offering $500 million in bonds. Half will mature in 2023 and the other half will come due in 2043. Markel will be forced to redeem the bonds early if its proposed acquisition of Bermuda reinsurance firm Alterra is not completed by Nov. 1.
NewMarket (NEV)
The company declared a quarterly dividend of $0.90 per share on its common stock payable April 1, to NewMarket shareholders of record at the close of business on March 15.
Owens & Minor (OMI)
G. Gilmer Minor III, a director, sold 14,236 shares at for a total of $433,000.
Union First Market Bankshares (UBSH)
Jim Ukrop, a director, sold 4,399 shares at $17.79 per share, a total sale of $78,000. He still owns more than 64,000 shares of Union stock.
Union also announced a share repurchase program to buy back up to 750,000 shares of its common stock. The program runs through Dec. 31.
Universal Corp. (UVV)
Charles Foster Jr., a director, sold 4,000 shares at $55.32 each, a total of $221,000.
CFO David Moore sold 3,508 shares at $56.13 per share, a total of $196,000.
COO Keith Brewer sold 1,656 shares at $55.95 per share, a total of $92,000.
Apple REITs
Apple REIT Eight said its board approved a reduction in annual distribution rate from $0.55 to $0.4675 per common share, effective for its planned April 15 distribution. The distribution will continue to be paid monthly.
Apple REIT Seven also is reducing its annual distribution rate from $0.77 to $0.66 per common share.
Community Bankers Trust (BTC)
The parent of Essex Bank said it has been approved for listing on the NASDAQ Capital Market under the symbol “ESXB”. The company expects it will begin trading on NASDAQ on March 14. It will continue to trade on the New York Stock Exchange under its current symbol “BTC” until the market close on March 13, 2013.
Markel (MKL)
The insurer said it is offering $500 million in bonds. Half will mature in 2023 and the other half will come due in 2043. Markel will be forced to redeem the bonds early if its proposed acquisition of Bermuda reinsurance firm Alterra is not completed by Nov. 1.
NewMarket (NEV)
The company declared a quarterly dividend of $0.90 per share on its common stock payable April 1, to NewMarket shareholders of record at the close of business on March 15.
Owens & Minor (OMI)
G. Gilmer Minor III, a director, sold 14,236 shares at for a total of $433,000.
Union First Market Bankshares (UBSH)
Jim Ukrop, a director, sold 4,399 shares at $17.79 per share, a total sale of $78,000. He still owns more than 64,000 shares of Union stock.
Union also announced a share repurchase program to buy back up to 750,000 shares of its common stock. The program runs through Dec. 31.
Universal Corp. (UVV)
Charles Foster Jr., a director, sold 4,000 shares at $55.32 each, a total of $221,000.
CFO David Moore sold 3,508 shares at $56.13 per share, a total of $196,000.
COO Keith Brewer sold 1,656 shares at $55.95 per share, a total of $92,000.