ARLINGTON, Va., July 1, 2015 (GLOBE NEWSWIRE) -- FBR & Co. (Nasdaq:FBRC) ("FBR"), a leading investment bank serving the middle market, announced today that it will release results for the second quarter of 2015 before the market opens on Thursday, July 16, 2015.
Investors wishing to listen to the earnings call at 9:00 A.M. U.S. EDT, Thursday, July 16, 2015, may do so via the Web or conference call at:
Mr. William D. Moss, President and CEO, stated, "The Company's strong balance sheet and operating performance have allowed us to reward investors for their continued support with a higher dividend again this year, and underscores our confidence in continuing to deliver increases in earnings over the long-term."
The Company also announced that it will report its financial results for the second quarter ended June 30, 2015 prior to the opening of the stock market on July 22, 2015.
Two River Bancorp is the holding company for Two River Community Bank, which is headquartered in Tinton Falls, New Jersey. Two River Community Bank operates 15 branches and 2 Loan Production Offices throughout Monmouth, Middlesex, Union, and Ocean Counties, New Jersey. More information about Two River Community Bank and Two River Bancorp is available at www.tworiverbank.com.
The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's current views and expectations about new and existing programs and products, relationships, opportunities, technology and market conditions. These statements may be identified by such forward-looking terminology as "continues," "expect," "look," "believe," "anticipate," "may," "will," "will continue," "should," "projects," "strategy" or similar statements. Actual results may differ materially from such forward-looking statements, and no reliance should be placed on any forward-looking statement. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to, unanticipated changes in the financial markets and the direction of interest rates; volatility in earnings due to certain financial assets and liabilities held at fair value; competition levels; changes in loan and investment prepayment assumptions; insufficient allowance for credit losses; a higher level of loan charge-offs and delinquencies than anticipated; material adverse changes in our operations or earnings; a decline in the economy in our market areas; changes in relationships with major customers; changes in effective income tax rates; higher or lower cash flow levels than anticipated; inability to hire or retain qualified employees; a decline in the levels of deposits or loss of alternate funding sources; a decrease in loan origination volume or an inability to close loans currently in the pipeline; changes in laws and regulations; adoption, interpretation and implementation of accounting pronouncements; operational risks, including the risk of fraud by employees, customers or outsiders; and the inability to successfully implement or expand new lines of business or new products and services. For a list of other factors which would affect our results, see the Company's filings with the Securities and Exchange Commission, including those risk factors identified in the "Risk Factor" section and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2014. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company assumes no obligation for updating any such forward-looking statements at any time, except as required by law.
SANTA FE, N.M., Oct. 1, 2015 (GLOBE NEWSWIRE) -- Thornburg Investment Management (TIM) launched the Thornburg Better World International Fund (Ticker symbols: TBWAX, TBWIX, TBWCX), effective September 30, 2015. The primary investment objective is long-term capital appreciation, and the fund is designed to seek a high level of risk-adjusted returns by investing in high-quality, attractively priced companies making a positive impact on the world.
The Thornburg Better World International Fund is managed by Rolf Kelly, CFA, managing director, who was portfolio manager of TIM's Socially Screened International Equity Strategy (SMA).
Introducing the new fund, Brian McMahon, Thornburg CEO and CIO, said, "The Better World International Fund is a natural extension of our culture of caring and community commitment since our founding in 1982. At Thornburg, we recognize the growing demand for environmental, social, and governance (ESG) investing disciplines, and our new offering enjoys the support of our entire investment team to find opportunities that make positive ESG impacts while still focusing on competitive financial returns."
The Thornburg Better World International Fund pursues sustainable investing opportunities, an approach that TIM believes can lead to solid long-term performance. Evaluation of individual company sustainability can include environmental impact, level of "carbon footprint," senior management diversity, history of regulatory actions against it, board independence, capital allocation decisions, relationships with communities and customers, product safety, labor and employee development practices, relationships with vendors, workplace safety, and regulatory compliance, among others.
"The new Fund offers an edge within the ESG space by applying our distinct sustainable investing approach, which integrates ESG into our traditional global generalist research structure," says Kelly. "We believe companies with a high degree of sustainability, or with signs of improvement along these lines, are better positioned to outperform in the long run.
"We expect investors in the Better World International Fund will share a mindset and desire to achieve long-term outperformance within the parameters of our ESG and sustainable investing research," Kelly added.
Portfolio composition is focused on 30-60 value-oriented international companies carefully vetted with the support of the entire Thornburg investment team.
Thornburg Investment Management is a privately owned global investment firm that offers a range of solutions for retail and institutional investors. TIM is driven by its mission to help clients reach their long-term financial goals through fundamental research and active portfolio management. Founded in 1982 and headquartered in Santa Fe, New Mexico, TIM manages approximately $60 billion (as of June 30, 2015) across eight equity and 11 bond mutual funds, separate accounts for high net worth investors and institutional accounts, and five UCITS for non-U.S. investors.
Before investing, carefully consider the Funds' investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, visit thornburg.com. Read it carefully before investing.
Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations. Investments in the Fund are not FDIC insured, nor are they bank deposits or guaranteed by a bank or any other entity.
The country forms a land bridge between Europe and Asia by straddling an isthmus that separates the Black Sea from the Mediterranean.
Often caught in the cross-hairs of one invader or another, Turkey has recently flexed new-found muscle on an international scale by brokering a nuclear pact (joint with Brazil) aimed at beginning to solve the issue of Iranian nuclear power.
Turkey faces no military threat in its own neighborhood and is realizing its economic potential. It has long been considered an ally of Israel, and the Turkish government has probably wanted to redefine that relationship.
Egyptian opposition activists clash with riot police during a demonstration in front of the Shura Council in Cairo on June 1, 2010 to condemn Israel's deadly raid on a Gaza-bound aid flotilla the day before.
With the aggressive Israeli reaction to a flotillatrying to gain access to Gaza, breaking with Israel was not only easy, but probably required by the internal politics of Turkey. With one action, Turkey now appears to be the defender of the Palestinians in Gaza, usurping the role that Iran has been trying to claim. Israel was trying to keep control of Gaza and will claim they were provoked and attacked first.
As in 1947 with the Exodus plan (thanks to Stratfor Intelligence for the reminder) when Israel maneuvered world opinion to make the British look like brutes and child murderers, world opinion will condemn Israel for the loss of life.
Desire to learn the complexities of a situation go out the window when there is a powerful image at hand.
Turkey has vaulted itself onto the world stage like few before it. Reaching across the ocean to form an alliance with Brazil, thumbing its nose at the US with an Iranian deal just before the US, Russia, and China were to announce their own (very weak) accord, and now outflanking Israel to jump to the head of the class claiming the mantle of protecting the Islamic world from Israel, Turkey has arrived and is the new tough guy on the street.
There will be international calls for sanctions against Israel which will be hard for the US to counter.
Relations between the two countries were frosty to begin with. Israel's worries about Iran's nuclear capabilities will have less resonance and they will be increasingly more isolated on the world stage. With one ship, one provocation, more damage has been done to Israel's standing than by all the suicide bombers and intifadas that have gone before.
World markets seem to have taken this in stride. As I write this at 8 PM Monday after a glorious Memorial Day weekend here in NY, the Asian markets are relatively calm. I'm not. I fear this could lead to a whole lot of trouble. A threatened, isolated Israel is a danger on many levels.