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Tiptree Inc (TIPT.OQ)

TIPT.OQ on NASDAQ Stock Exchange Capital Market

6.25USD
17 Jan 2018
Change (% chg)

$0.10 (+1.63%)
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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

Tiptree Financial enters into a fourth amendment to its credit agreement
Friday, 24 Jun 2016 

Tiptree Financial Inc : Tiptree Operating Company LLC entered into a fourth amendment to its credit agreement - SEC filing . Amendment provides for additional term loans in an aggregate principal amount of $15 million .Amendment provides incremental term loans will have same maturity date as existing term loans under the credit agreement.  Full Article

Tiptree Financial repurchases 5.6 mln shares
Thursday, 23 Jun 2016 

Tiptree Financial Inc : Tiptree repurchases 5.596 million shares . Transaction is expected to be accretive to both book value and earnings per share on a gaap basis . Repurchased about 6 million shares of class a common stock of tiptree for $36.4 million from prosight specialty insurance group, inc .Tiptree repurchases 5.596 million shares.  Full Article

Tiptree Financial reports Q1 revenue of $131.8 million
Tuesday, 10 May 2016 

Tiptree Financial Inc : Qtrly diluted earnings per share $0.16 . Tiptree financial inc. Reports first quarter 2016 financial results .Q1 revenue $131.8 million.  Full Article

BRIEF-Mainstreet Health Investments announces US$425 mln acquisition of 42 U.S. property portfolio

* Mainstreet Health Investments Inc announces US$425 million transformational acquisition of 42 US property portfolio, new strategic investor and name change

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