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Genworth Financial Announces Second Quarter 2021 Results
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Genworth Financial Announces Second Quarter 2021 Results
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Trading Day: Local SEC filings for 3.4.21
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust filed its year-end earnings report. In 2020, the company reported a net loss of $173.2 million, compared to a net income of $171.9 million in 2019. Click here to see the full report.
The company also filed its quarterly earnings report for the period ended Dec. 31. The company reported a net loss of $51.2 million. The company reported a net income of $25.5 million for the same period in 2019.
Atlantic Union Bankshares (AUB)
The parent of Atlantic Union Bank said it prepaid $200 million of its 1.78% fixed rate long term Federal Home Loan Bank advance, which had a remaining maturity of approximately 7.5 years. As a result, the company incurred an after tax prepayment penalty of $11.6 million in the first quarter of 2021. It expects the prepayment will add $2.6 million in net income annually.
Genworth Financial Sells Its Stake In Genworth Mortgage Insurance Australia
WASHINGTON (dpa-AFX) - Genworth Financial Inc. (GNW) said that its wholly owned subsidiaries Genworth Financial International Holdings and Genworth Holdings have sold about 214.3 million shares in Genworth Mortgage Insurance Australia Limited at A$2.28 per share. It represents Genworth s entire ownership position in Genworth Australia. Settlement of the sale will occur on March 3.
Completion of the transaction will result in a payment of about US$247 million under outstanding AXA promissory note. Following the payment, the net proceeds available to Genworth will be about US$123 million.
As previously indicated, Genworth will continue to prepare for a potential partial IPO of Genworth s U.S. Mortgage Insurance.
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