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Tiptree Inc (TIPT.OQ)

TIPT.OQ on NASDAQ Stock Exchange Capital Market

6.65USD
21 Jun 2018
Change (% chg)

$-0.05 (-0.75%)
Prev Close
$6.70
Open
$6.65
Day's High
$6.82
Day's Low
$6.65
Volume
28,378
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11,587
52-wk High
$7.20
52-wk Low
$5.35

Latest Key Developments (Source: Significant Developments)

Mainstreet Health Investments announces US$425 mln acquisition of 42 U.S. property portfolio
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Mainstreet Health Investments Inc :Mainstreet Health Investments Inc announces US$425 million transformational acquisition of 42 US property portfolio, new strategic investor and name change.Mainstreet Health Investments Inc - ‍transaction is expected to be accretive to company's 2018E adjusted funds from operations per share​.Mainstreet Health Investments Inc - intends to change operating name to Invesque Inc.Mainstreet Health Investments Inc - ‍upon closing, Tiptree will become Mainstreet's largest shareholder with an ownership interest of approximately 34 pct​.Mainstreet Health Investments Inc - ‍Tiptree will receive Mainstreet shares based upon a fixed issuance price of US$9.75 per common share​.Mainstreet Health Investments Inc - ‍Mainstreet is funding equity portion of consideration through issuance of Mainstreet common shares directly to Tiptree​.Mainstreet Health Investments Inc - co will also assume about $261.2 million of in-place property level mortgage financing​.Mainstreet Health Investments Inc - Tiptree agreed to a 24 month standstill & to restrictions on sale of equity consideration for period of 6-18 months‍​.Mainstreet Health Investments Inc - entered into definitive agreements with Tiptree Inc & certain subsidiaries, to acquire Care Investment Trust LLC​.Mainstreet Health Investments Inc - on deal closing, Tiptree will have right to nominate one board member and one board observer to co's board.  Full Article

Tiptree reports Q3 loss per share $0.11
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Tiptree Inc :Tiptree reports third quarter 2017 results.Q3 revenue rose 24.5 percent to $164.5 million.Qtrly loss per share $0.11.Tiptree Inc - ‍Book value per share, as exchanged, of $9.67, as of September 30, 2017​.  Full Article

Tiptree says a unit of co priced offering of $125 mln 8.50 pct fixed rate resetting junior subordinated notes due 2057​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - Tiptree Inc :Tiptree Inc - ‍on Oct 12, a unit of co priced its offering of $125 million 8.50 pct fixed rate resetting junior subordinated notes due 2057​.  Full Article

Tiptree Financial qtrly earnings per share $0.17
Friday, 5 Aug 2016 

Tiptree Financial Inc : Q2 revenue rose 32.5 percent to $133.8 million . Tiptree reports second quarter 2016 results . Qtrly earnings per share $0.17 .Q2 book value of $9.83 per class a common share, up 9.7% compared to $8.96 as of december 31, 2015.  Full Article

BRIEF-Tiptree Says Unit Entered Into A 5th Amendment To Its Credit Agreement Dated As Of September 18, 2013

* TIPTREE INC SAYS ON MAY 4, UNIT ENTERED INTO A FIFTH AMENDMENT TO ITS CREDIT AGREEMENT DATED AS OF SEPTEMBER 18, 2013 - SEC FILING

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