HARTFORD, Conn. – June 29, 2016 – Cornerstone Real Estate Advisers (“Cornerstone”), one of the world’s largest real estate-focused investment managers, today announced a definitive agreement to acquire ACRE Capital Holdings LLC (“ACRE Capital”), the agency lending subsidiary of Ares Commercial Real Estate Corporation (NYSE:ACRE), for $93 million.
Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for June 2016 of $0.1534 per share, payable on July 1, 2016. Based on the Fund’s May 31, 2016 share price of $17.52 per share, the distribution represents an annualized yield of 10.51% per share.
Babson Capital Management, one of the world’s leading asset management firms, announced today that it served as joint lead arranger and bookrunner on a senior secured credit facility to support ABRY Partners’ investment in SambaSafety.
Babson Capital Management, one of the world’s leading asset management firms, announced today that it served as joint lead arranger on a senior secured credit facility to support Genstar Capital in its acquisition of Accruent LLC from TA Associates.
Babson Capital Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for May 2016 of $0.1534 per share, payable on June 1, 2016. Based on the Fund’s April 29, 2016 share price of $17.21 per share, the distribution represents an annualized yield of 10.70% per share.
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