Apple Hospital REIT
The newly renamed REIT that is the result of three combined funds said it entered into a credit agreement with Bank of America that provides a term loan of $100 million and a revolving credit line of $245 million. The total amount of credit can be increased to $700 million as part of the agreement. The company said the funds will be used for acquisitions, hotel renovations and development, working capital and payment of distributions to shareholders.
Dominion Resources (D)
The utility giant disclosed details of a stock offering of 11 million shares. The shares are being offered at $68.83 per share for expected proceeds of $757.13 million. It said it will use the proceeds for working capital requirements and will be added to its general corporate funds.
Genworth Financial (GNW)
Thomas Moloney, a director, acquired 2,000 shares at $15.71 per share for a total of $31,000.
Chief Investment Officer Daniel Sheehan IV exercised options for 40,000 shares for a total of $125,100. He then sold 23,407 shares at $16.27 per share for a total of $380,000.
Markel Corp. (MKL)
President and COO Michael Crowley sold 982 shares at $581.51 for a total sale of $571,000.
Director Douglas Eby sold 42 shares at $577 per share for a total of $24,000.
Tredegar (TG)
The company approved annual cash incentive payments to its top executives after certain financial targets were met. The payments are based on a percentage of their base salaries. President and CEO Nancy Taylor received a payout of $412,000. CFO Kevin O’Leary received $136,000. Mary Jane Hellyar, president of the company’s film products division, received $92,000. And Brent King, Tredegar’s general counsel, received an incentive payment of $114,000.
Union First Market Bankshares (UBSH)
The parent of Union First Market Bank is asking shareholders to approve name change for the company to Union Bankshares Corp. The change would be a return to that brand, which was used prior to the combination of the former First Market Bank and Union Bank. The company said it believes the proposed change will simplify its marketing and branding efforts. The vote will be made at Union’s annual meeting on April 22.
Apple Hospital REIT
The newly renamed REIT that is the result of three combined funds said it entered into a credit agreement with Bank of America that provides a term loan of $100 million and a revolving credit line of $245 million. The total amount of credit can be increased to $700 million as part of the agreement. The company said the funds will be used for acquisitions, hotel renovations and development, working capital and payment of distributions to shareholders.
Dominion Resources (D)
The utility giant disclosed details of a stock offering of 11 million shares. The shares are being offered at $68.83 per share for expected proceeds of $757.13 million. It said it will use the proceeds for working capital requirements and will be added to its general corporate funds.
Genworth Financial (GNW)
Thomas Moloney, a director, acquired 2,000 shares at $15.71 per share for a total of $31,000.
Chief Investment Officer Daniel Sheehan IV exercised options for 40,000 shares for a total of $125,100. He then sold 23,407 shares at $16.27 per share for a total of $380,000.
Markel Corp. (MKL)
President and COO Michael Crowley sold 982 shares at $581.51 for a total sale of $571,000.
Director Douglas Eby sold 42 shares at $577 per share for a total of $24,000.
Tredegar (TG)
The company approved annual cash incentive payments to its top executives after certain financial targets were met. The payments are based on a percentage of their base salaries. President and CEO Nancy Taylor received a payout of $412,000. CFO Kevin O’Leary received $136,000. Mary Jane Hellyar, president of the company’s film products division, received $92,000. And Brent King, Tredegar’s general counsel, received an incentive payment of $114,000.
Union First Market Bankshares (UBSH)
The parent of Union First Market Bank is asking shareholders to approve name change for the company to Union Bankshares Corp. The change would be a return to that brand, which was used prior to the combination of the former First Market Bank and Union Bank. The company said it believes the proposed change will simplify its marketing and branding efforts. The vote will be made at Union’s annual meeting on April 22.