EJF INVESTMENTS LTD Aktie

At the general meeting, EJF Investments shareholders approved all proposed resolutions; 70.11% of voting rights were represented. Three directors (John Kingston III, Alan Dunphy, Nick Watkins) were re-elected, the dividend policy and the replacement of the company’s constitution were confirmed. Ernst & Young was confirmed as auditor. Shareholders authorized the purchase of up to 8,707,381 ordinary shares (≈14.99%) and the issuance of up to 7,389,644 new ordinary shares (≈10%); preference shares may also be created provided the Issuance Test is met. » Altro su de.investing.com

EJF Investments has invested approximately $14.9 million in the CDO equity tranche of the TruPS Financials Note Securitization 2026-3, representing about 11% of the most recently reported net asset value. The investment is backed by trust preferred securities and subordinated debt of 61 US banks and 8 insurers with a total face value of around $327.9 million. The securitization runs until 2039, is callable from July 2028, and management expects a yield to maturity of roughly 14%. EJF CDO Manager LLC will serve as collateral manager; EJF also benefits from the returns through its 49% stake in the manager. » Altro su de.investing.com

EJF Investments has issued 200,000 Zero Dividend Preference Shares due 2029 at a price of 108.84 pence per share through the block-listing facility. After the transaction, the total number of issued ZDP shares is 25,751,593. EJF is a closed-end investment company registered in Jersey that invests in diversified credit portfolios in the US, the UK and Europe. » Altro su de.investing.com