latest news releases from the newsroom
Diversicare Healthcare Services, Inc.
Advocat Announces Amendment to Debt Agreement
BRENTWOOD, Tenn., Dec. 19, 2008 (GLOBE NEWSWIRE) -- Advocat Inc. (Nasdaq:AVCA) today announced that it has amended its bank debt agreement to resolve a certain covenant violation announced with third quarter results as of September 30, 2008. The bank had previously issued a waiver of this covenant violation. The amendment changes the measurement of a fixed charge coverage ratio covenant by substituting "maintenance capital expenditures" (as defined) as a component of the covenant as opposed to substantially all fixed asset expenditures.
PIMCO Floating Rate Income Fund
PIMCO Floating Rate Income Fund and PIMCO Floating Rate Strategy Fund Declare Common Share Dividends
NEW YORK, Dec. 19, 2008 (GLOBE NEWSWIRE) -- PIMCO Floating Rate Income Fund (NYSE:PFL) and PIMCO Floating Rate Strategy Fund (NYSE:PFN) (each a "Fund" and collectively the "Funds") announced today that they have declared the following dividends on the Funds' common shares, which consist of the monthly dividend amounts that where scheduled to have been declared in November and December, but were previously postponed.
PIMCO High Income Fund
PIMCO High Income Fund Declares Common Share Dividend
NEW YORK, Dec. 19, 2008 (GLOBE NEWSWIRE) -- PIMCO High Income Fund (NYSE:PHK) (the "Fund") announced today that it has declared a dividend of $0.24375 per common share, which consists of the monthly dividend amounts that were scheduled to have been declared in November and December, but were previously postponed.
Summit State Bank
Summit State Bank Announces Receipt of Additional Capital
SANTA ROSA, Calif., Dec. 19, 2008 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq:SSBI) announced today that the bank has successfully completed its $8.5 million capital raise after being named one of the selected participants in the U.S. Department of the Treasury's voluntary Capital Purchase Program.
KCAP Financial, Inc.
Kohlberg Capital Corporation Declares 2008 Fourth Quarter Dividend of $0.27 Per Share
NEW YORK, Dec. 19, 2008 (GLOBE NEWSWIRE) -- Kohlberg Capital Corporation (Nasdaq:KCAP) ("Kohlberg Capital") today announced that its Board of Directors has declared a cash dividend of $0.27 per share on shares of its common stock for the quarter ended December 31, 2008. The dividend is payable on January 29, 2009 to shareholders of record as of December 31, 2008.
119 Law Enforcement Agencies Commit to Use COPsync(tm) During 2008
CANYON LAKE, Texas, Dec. 19, 2008 (GLOBE NEWSWIRE) -- COPsync, Inc. (OTCBB:COYN), a software technology provider to law enforcement and emergency service professionals, announced that 119 Texas Law Enforcement agencies have committed to implement the COPsync(tm) technology in 2008.
Carolina Bank Holdings, Inc.
Carolina Bank Holdings, Inc. Announces Preliminary Approval for TARP Participation
GREENSBORO, N.C., Dec. 19, 2008 (GLOBE NEWSWIRE) -- Carolina Bank Holdings, Inc. (Nasdaq:CLBH), the holding company for Carolina Bank, has received preliminary approval for an investment of $16 million from the United States Department of the Treasury under the TARP Capital Purchase Program. Final approval of the Treasury is subject to satisfaction of certain conditions, including any necessary amendments to the company's articles of incorporation and the execution of definitive agreements.
Flushing Financial Corporation
Flushing Savings Bank Announces Participation in FDIC's Transaction Account Guarantee Program
LAKE SUCCESS, N.Y., Dec. 19, 2008 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Savings Bank, FSB (the "Bank"), today announced is participating in the FDIC's Transaction Account Guarantee Program ("TAGP"). The announcement was made by John R. Buran, Flushing Financial's President and Chief Executive Officer, on behalf of the Company's Board of Directors.
Capital Bank Corporation
Capital Bank Corporation Declares Cash Dividend On Common Stock
RALEIGH, N.C., Dec. 19, 2008 (GLOBE NEWSWIRE) -- Capital Bank Corporation (Nasdaq:CBKN) announced that its Board of Directors approved on Thursday, December 18, 2008, a quarterly cash dividend on its common stock of $.08 per share. The dividend will be paid on or after January 26, 2009 to shareholders of record as of January 12, 2009.