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NEW YORK, July 03, 2018 (GLOBE NEWSWIRE) -- Ambac Financial Group, Inc. (Nasdaq:AMBC) (“AFG”), a holding company whose subsidiaries, including Ambac Assurance Corporation (“AAC” and together with AFG, “Ambac”), provide financial guarantees, announced that on July 3, 2018, Ambac commenced an offer to exchange (the “Exchange Offer”) all of AAC’s outstanding Auction Market Preferred Shares (“AMPS”) for AAC’s 5.1% senior surplus notes due 2020 (“Senior Surplus Notes”) and from AFG, cash and warrants to purchase AFG common stock. Concurrently with the Exchange Offer, AAC is soliciting (the “Proxy Solicitation”) proxies (each a “Proxy” and together the “Proxies”) from the holders of the AMPS to vote in favor of a resolution to be passed at a special meeting (“Special Meeting”) of AAC’s shareholders. Only Eligible Holders (as defined below) will be able to participate in the Exchange Offer. Eligible Holders who wish to participate in the Exchange Offer must tender all of their AMPS in the Exchange Offer and deliver their corresponding Proxy in the Proxy Solicitation; except for certain holders of AMPS (the “Partial Participation Holders”) who, pursuant to the Preferred Stock Repurchase and Support Agreement (as defined below) are permitted to withdraw a portion of their tendered AMPS, but may not withdraw their corresponding Proxy.
Ridgewood Announces Creation of Series F Units for Ridgewood Canadian Bond Fund and Ridgewood Tactical Yield Fund
TORONTO, July 3, 2018 /CNW/ - Ridgewood Capital Asset Management Inc. ("Ridgewood"), the manager of Ridgewood Canadian Bond Fund and Ridgewood Tactical Yield Fund (together, the "Funds"), announced that effective July 1, 2018 it had created a second series of units of each of the Funds classified as "Series F Units". In connection therewith, Ridgewood re-named its currently outstanding class of units as "Series A Units". The Series F Units will be offered pursuant to exemptions from the prospectus requirement of applicable securities laws.
Sika AG today successfully completed a triple-tranche bonds offering with a total amount of CHF 550 million. The payment date of the bonds is July 12, 2018. The bonds were placed under the lead management of UBS AG. They will be listed on the SIX Swiss Exchange. Sika intends to use the net proceeds from the bond offering mainly to refinance the recently announced acquisition of its own shares from Compagnie de Saint-Gobain, and for general corporate purposes.
NEW YORK, July 03, 2018 (GLOBE NEWSWIRE) -- MarketAxess Holdings Inc. (Nasdaq:MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced total monthly trading volume for June 2018 of $147.8 billion, consisting of $81.9 billion in U.S. high-grade volume, $61.5 billion in other credit volume, and $4.4 billion in liquid products volume.
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