Apple Hospitality REIT
The newly created company did some shuffling of its executive ranks. Glade Knight, founder of the Apple REIT Companies, is now Executive Chairman of Apple Hospitality REIT. His son, Justin Knight was named president and CEO. Nelson Knight, also son of Glade Knight, was named executive vice president and chief investment officer. The company said it is in the process of reviewing the compensation arrangements for all of its executive officers.
California-based investment firm MacKenzie Capital Management sent letters to shareholders of Apple Hospitality REIT offering to pay $7 per share for their stake in the company. MacKenzie has made numerous offers previously to shareholders of Apple REIT’s various funds. The company said it wants to buy up to 19 million shares through the offer, which expires June 30.
C&F Financial (CFFI)
The holding company for C&F Bank declared a regular cash dividend of $0.30 per common share, payable July 1 to shareholders of record on June 13.
Community Bankers Trust (ESXB)
Robin T. Williams, a director, acquired 100 shares at $4.01 per share. Williams now owns more than 49,000 shares.
Dominion Resources (D)
The company entered into a $4 billion five-year credit agreement with JPMorgan Chase Bank, Royal Bank of Scotland, Bank of America, Barclays Bank and Wells Fargo Bank, among other banks.
Genworth Financial (GNW)
Kevin Schneider, an executive vice president, exercised options for 5,925 shares at $7.80 per share. He then sold 4,185 shares at $17.82 per share for a total sale of $74,576.
Genworth Mortgage Insurance Australia held its IPO of 220 million shares at $2.65 Australian dollars per share. The offer closed Wednesday. Genworth Financial now owns approximately 66 percent of the Australian operations. The gross proceeds of the offer were approximately $535 million.
CFO Mark Rajkowski exercised options for 55,085 shares at $24.41 per share. He then sold those shares at $40.01 each for a total sale of $2.2 million.
Universal Corp. (UVV)
The company declared a quarterly dividend of $0.51 per common share payable Aug. 11 to shareholders of record at the close of business on July 14.
It also declared a quarterly dividend of $16.87 per share on its Series B 6.75% Convertible Perpetual Preferred Stock, payable June 16 to shareholders of record as of 5 p.m. on June 1.
Universal announced it will hold its annual shareholders meeting on Aug. 5 at 2 p.m. at its headquarters building in Richmond.
Union Bankshares (UBSH)
Ronald Tillett, a director, acquired 1,000 shares at $24.10 per share. He now owns more than 19,000 shares of Union stock.