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JMP Group LLC (NYSE:JMP) announced that shareholders approved all proposals related to its merger with Citizens Financial Group, Inc. at a special meeting. Approximately 68% of votes favored the merger, which includes Jolt Acquisition LLC as the merger subsidiary. The merger closing is anticipated on November 15, 2021, pending customary conditions. JMP Group operates in investment banking and alternative asset management, providing services to institutional clients and high-net-worth investors.
JMP Group LLC (NYSE: JMP) announced its intention to redeem all $36.0 million of its 6.875% Senior Notes due 2029 on December 13, 2021. The redemption price will be $25 per note plus accrued interest. JMP has deposited sufficient funds with the trustee, U.S. Bank National Association, to satisfy the notes' redemption. A Notice of Redemption will be distributed to current holders on November 12, 2021. This action will lead to the delisting of the notes from The Nasdaq Global Market.
JMP Group LLC (NYSE: JMP) has declared a special cash dividend of $0.248017 per share, totaling $5,000,000 in aggregate. This dividend is set to be paid on or before November 17, 2021, to common shareholders of record as of November 15, 2021. This move underscores JMP's commitment to returning value to its shareholders amidst its diverse offerings in investment banking and alternative asset management.
JMP Group LLC (NYSE: JMP) has declared a special cash dividend totaling $5,000,000 to its common shareholders, amounting to $0.25 per share. This dividend will be distributed on or before November 17, 2021, for shareholders of record by November 15, 2021. As of November 3, 2021, there are 19,958,495 shares outstanding. JMP Group, a diversified capital markets firm, offers various financial services and products, including investment banking and asset management.
Citizens Financial Group has entered a definitive merger agreement to acquire JMP Group LLC in an all-cash transaction valued at approximately
JMP Group LLC (NYSE: JMP) announced its subsidiary's plan to redeem all outstanding $15 million principal amount of its 7.25% Senior Notes due 2027 on September 13, 2021. This follows the redemption terms outlined in the notes' indenture. The redemption price will be $25 plus accrued interest. Sufficient funds have been deposited with the trustee to satisfy these notes, and a Notice of Redemption will be sent to the registered holders. This announcement does not constitute a solicitation of investment or a notice of redemption under the optional provisions of the 2027 Notes.
JMP Group LLC (NYSE: JMP) reported strong financial results for the quarter ended June 30, 2021, with total net revenues of $48.5 million, up from $30 million year-over-year. The net income attributable to JMP Group stood at $3.6 million, or $0.17 per share. Operating net income was $6.1 million, marking a record operating earnings of $0.29 per share. Investment banking revenues surged 51.5% to $32.7 million. Despite these gains, net brokerage revenues declined 39.9% to $3.4 million compared to last year.
JMP Group LLC (NYSE: JMP) announced it will release financial results for the fiscal quarter ending June 30, 2021, after market close on July 29, 2021. Notably, the company will not hold a conference call in conjunction with this release. JMP Group operates as an investment banking and alternative asset management firm, offering services through its segments, including JMP Securities and Harvest Capital Strategies. The firm focuses on providing investment banking, equity research, and sales and trading services to its institutional clients and high-net-worth investors.
JMP Group LLC (NYSE: JMP) has appointed Rahul Buxani as managing director in its investment banking division, focusing on the financial technology sector. Buxani brings extensive experience, having previously led financial technology investment banking at Oppenheimer & Co. and Ernst & Young Capital Advisors. This strategic hiring aims to enhance JMP's capabilities in providing impactful advice and execution services to clients in the evolving financial technology market, as noted by CEO Mark Lehmann.
JMP Group LLC (NYSE: JMP) announced its intention to redeem $15 million of its 7.25% Senior Notes due 2027 on July 19, 2021. This decision follows a previous notice to redeem $10 million of the same notes on June 25, 2021. The redemption will occur at a price of $25 per note plus accrued interest, and the redeemed notes will be cancelled. As of June 17, 2021, $40 million of these notes remain outstanding. The company plans to use available cash for this redemption.
