TPG INC - TPG STOCK NEWS

TPG RE Finance Trust, Inc. (TRTX) reported its Q1 2023 operating results, with GAAP net income of $3.8 million and book value per common share of $14.31. The company declared a cash dividend of $0.24 per share of common stock and a quarterly dividend on its Series C Preferred Stock. TRTX originated two first mortgage loans worth $123.8 million and received loan repayments of $227.8 million. The company's loan portfolio risk rating remained unchanged at 3.2, and it carried an allowance for credit losses of $222.4 million. TRTX ended the quarter with $662.6 million of total liquidity. The company also received a full repayment of a first mortgage loan and acquired a 375,440 square foot office property in Houston, TX.

AmerisourceBergen (NYSE: ABC) has announced a partnership with TPG to acquire OneOncology, a prominent oncology network valued at $2.1 billion. Under this agreement, TPG will gain a majority interest in OneOncology, while AmerisourceBergen will hold a minority interest, investing approximately $685 million in cash for about 35% ownership. The acquisition aims to enhance AmerisourceBergen's relationships with community oncology practices and expand its specialty solutions. The deal is expected to close by September 2023, subject to regulatory approvals. Importantly, it may contribute to AmerisourceBergen's adjusted diluted EPS within the first year after the closing.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced it will release its financial results for Q1 2023 on May 2, 2023. The company will also file its Form 10-Q and earnings supplemental after the market closes. A conference call to discuss the results is slated for 10:00 a.m. ET on May 3, 2023. Investors can participate via telephone or through a live webcast accessible on the company’s investor relations website. A replay of the call will be available until May 17, 2023. TPG RE Finance Trust primarily focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in the United States. For more information, visit their website.

TPG has signed an agreement to acquire a majority stake in Elite from Thomson Reuters for approximately US$500 million. This acquisition aims to enhance Elite's capabilities in providing practice management solutions to law firms, assisting them in automating financial workflows. The partnership is expected to fuel Elite's growth by allowing it to focus on digital transformations and innovations like AI.

Thomson Reuters will retain a minority stake and board representation, continuing its strategic support. The transaction is anticipated to close in Q2 2023, pending regulatory approvals.

TPG RE Finance Trust, Inc. (NYSE: TRTX) announced a cash dividend of $0.24 per share for Q1 2023, declared on March 13 and payable on April 25 to shareholders of record as of March 29. The Company focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in the U.S. Market uncertainties, including inflation and interest rate changes, may affect future performance and loan origination capabilities. Shareholders are advised to examine the potential risks outlined in the Company’s 10-K report.