latest news releases from the newsroom
Maiden Holdings, Ltd.
Maiden Holdings, Ltd. Announces Acquisition of GMAC RE, LLC
HAMILTON, Bermuda, Nov. 3, 2008 (GLOBE NEWSWIRE) -- Maiden Holdings, Ltd. (Nasdaq:MHLD) today announced that it has acquired the reinsurance operations of GMAC Insurance (GMACI), including its book of assumed reinsurance business. As part of the transaction, which closed today, Maiden Holdings' (Maiden) wholly owned subsidiary Maiden Holdings North America, Ltd. acquired GMAC RE LLC, the reinsurance managing general agent writing business on behalf of Motors Insurance Corporation and the renewal rights for the business written by GMAC RE.
PIMCO High Income Fund
PIMCO High Income Fund Postpones Payment of Declared Common Share Dividend and Declaration of Next Monthly Dividend
NEW YORK, Nov. 3, 2008 (GLOBE NEWSWIRE) -- PIMCO High Income Fund (NYSE:PHK) (the "Fund") announced today that it has postponed the payment of the previously declared (October 1, 2008) dividend on the Fund's common shares scheduled for payment on November 3, 2008 and the declaration of the next dividend on the Fund's common shares, which would have been paid in December 2008, due to recent market conditions and requirements under the Fund's By-laws and the Investment Company Act of 1940, as amended (the "1940 Act").