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Bimini Capital Management, Inc. (OTCBB:BMNM), (“Bimini Capital,” “Bimini,” or the “Company”) today announced results of operations for the three month period ended December 31, 2020.
Fourth Quarter 2020 Highlights
Income tax benefit of $10.7 million, or $0.92 per common share
Book value per share of $2.97
Company to discuss results on Friday, March 12, 2021, at 10:00 AM ET
Management Commentary
Commenting on the fourth quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “As we sit here today, it is very sobering when we reflect on how much has transpired between March of 2020 and March of 2021. The month that seemed like it would never end finally did, and there were many dark days in between, but we clearly seem to be emerging from this dark episode that none of us will ever forget. The immediate impact of the turmoil in the financial markets last March was
VERO BEACH, Fla. (BUSINESS WIRE) Bimini Capital Management, Inc. (OTCBB:BMNM) ("Bimini” or the "Company"), today announced that it will release results for the fourth quarter of 2020 following the close of trading on the New York Stock Exchange on Thursday, March 11, 2021. Earnings Conference Call Details An earnings conference call and live audio webcast will
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ocwen Financial Announces Pricing of $400 Million of Senior Secured Notes Due 2026 by PHH .
Ocwen Financial Corp.February 26, 2021 GMT
WEST PALM BEACH, Fla., Feb. 26, 2021 (GLOBE NEWSWIRE) Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and originator, today announced that its subsidiary PHH Mortgage Corporation (“PMC”) priced $400 million aggregate principal amount of 7.875% Senior Secured Notes due 2026 (the “Notes”) at a price to investors of 99.486% of the principal amount thereof. The Notes will be guaranteed on a senior secured basis by the Company and PHH Corporation, the parent company of PMC and subsidiary of the Company (“PHH”).
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INDIANAPOLIS, Feb. 17, 2021 /PRNewswire/ The board of directors of Eli Lilly and Company (NYSE: LLY) has elected Kimberly H. Johnson as a new member, effective February 16, 2021. As a member of Lilly s board, she will serve on both the Compensation Committee and the Ethics and Compliance Committee.
Ms. Johnson currently serves as executive vice president and chief operating officer of the Federal National Mortgage Association ( Fannie Mae ) and is a member of Fannie Mae s Management Committee. Prior to serving as executive vice president and chief operating officer, Ms. Johnson held various leadership positions with Fannie Mae, including chief risk officer. Before joining Fannie Mae in 2006, Ms. Johnson was a director at Credit Suisse Group AG.
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MCLEAN, Va., Feb. 16, 2021 /PRNewswire/ Arlington Asset Investment Corp. (NYSE: AAIC) (the Company or Arlington ) today reported net income available to common shareholders of $10.7 million, or $0.32 per diluted common share, and non-GAAP core operating income of $4.1 million, or $0.12 per diluted common share, for the quarter ended December 31, 2020. A reconciliation of non-GAAP core operating income to GAAP net income appears at the end of this press release.
Fourth Quarter 2020 Financial Highlights
$0.32 per diluted common share of GAAP net income
$0.12 per diluted common share of non-GAAP core operating income
$6.31 per common share of book value
7% economic return