My Market Wizard

Filing Category: Shareholder Rights Change

  • American National Group Inc. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • A cash dividend of $486.5451392 per share of Series D Preferred Stock was declared.
    • The dividend is equivalent to $0.4865451392 per depositary share representing the Series D Preferred Stock.
    • The dividend will be paid on April 15, 2025.
    • Shareholders of record as of March 31, 2025, will receive the dividend.

  • VERU INC. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • Shareholders approved an amendment to the Veru Inc. 2018 Equity Incentive Plan, increasing the authorized shares from 18,500,000 to 26,000,000.
    • All nominated directors (Mitchell S. Steiner, Harry Fisch, Michael L. Rankowitz, Grace Hyun, Lucy Lu, Loren Katzovitz) were elected to the Board of Directors.
    • Cherry Bekaert LLP was ratified as the company’s independent registered public accounting firm for the fiscal year ending September 30, 2025.

  • CareCloud, Inc. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • CareCloud declared monthly cash dividends for its 8.75% Series A and Series B Cumulative Redeemable Perpetual Preferred Stock for March and April 2025.
    • Series A dividend per share for March and April is $0.18229, with an additional payment of $0.04688 per share.
    • Series B dividend per share for March and April is $0.18229.
    • The company formally notified the Nasdaq Stock Market LLC of its intent to voluntarily delist its Series A Preferred Stock from the Nasdaq Global Market due to the mandatory conversion of the Series A Preferred Stock into common stock on March 6, 2025.
    • CareCloud may redeem additional shares of the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends.
    • CareCloud may redeem the Series B Preferred Stock, in whole or in part, at any time or from time to time, for cash at redemption prices of either $25.50, $25.25, or $25.00 per share, plus any accumulated and unpaid dividends, depending on the redemption date.
    • Upon the occurrence of a Change of Control, the Company may redeem the Series B Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends.

  • Morningstar, Inc. 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • Morningstar, Inc. declared a quarterly dividend of 45.5 cents per share, consistent with the dividend paid in January.
    • The dividend is payable on April 30, 2025, to shareholders of record as of April 4, 2025.

    Potential Implications

    Stock Price

    • The consistent dividend payout may positively influence investor confidence and potentially stabilize or increase the stock price.
    • The dividend announcement could attract income-focused investors, potentially increasing demand for the stock.

  • ModivCare Inc 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • ModivCare issued $50.165 million in Second Lien Notes to investors through a First Supplemental Indenture.
    • The issuance was part of the Coliseum Transactions, which were approved by the Company’s stockholders at a Special Meeting on March 13, 2025.
    • The Second Lien Notes were issued pursuant to an indenture dated March 7, 2025.
    • The Coliseum Transactions Proposal was approved with 7,462,218 votes for, 167,985 votes against, and 316,850 abstentions.
    • The First Supplemental Indenture was entered into on March 14, 2025, among the Company, the guarantors, the trustee, and the notes collateral agent.

  • BANCOLOMBIA SA 6-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • The General Shareholders’ Meeting of Bancolombia S.A. approved the proposal for distribution of profits and establishment of provision for social benefits.
    • An annual dividend of COP 3,900 per share will be paid on April 1, 2025.
    • A specific reserve of COP 1.86 trillion was established for the strengthening of equity and future growth of the company.
    • A specific reserve of COP 34 billion is available to the Board of Directors for donations to social projects.
    • The ex-dividend period will be between March 26th, 2025 and April 1st, 2025, subject to adjustments by the Colombian Stock Exchange.

  • GFL Environmental Inc. 6-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • GFL Environmental Inc. obtained exemptive relief from the Ontario Securities Commission (OSC) to repurchase subordinate voting shares from underwriters in Ontario of any secondary offering.
    • The Order permits GFL to purchase up to 50% of the Shares initially offered for resale pursuant to any such offering over the next 12 months, up to a maximum of 38,157,045 Shares, representing 10% of its current issued and outstanding Shares.
    • A special committee of independent directors of the Company will oversee any purchases made in reliance on the Order to ensure such purchases, when made, are in the best interests of the Company.
    • All such purchases will be at a discount to the closing price of the Shares on the TSX and NYSE on the date the associated offering is first announced.
    • GFL intends to use approximately $2.25 billion of the proceeds from the recent sale of its Environmental Services business to opportunistically repurchase Shares, subject to market conditions.

    Potential Implications

    Stock Price

    • The ability to repurchase shares could positively influence the stock price, especially if the repurchases are made at a discount to the market price.
    • The market’s reaction to the announcement of the share repurchase program and the terms of the Order could impact the stock price.