Key Developments: KeyCorp (KEY_pg.N)

KEY_pg.N on New York Stock Exchange

132.91USD
24 Jul 2014
Price Change (% chg)

$1.63 (+1.24%)
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Latest Key Developments (Source: Significant Developments)

Bank of America Corp Sells $110 Billion CMBS Servicing Rights Portfolio To KeyCorp's Unit-Reuters
Thursday, 9 May 2013 10:14pm EDT 

Reuters reported that Bank of America Corp will sell a commercial mortgage servicing rights portfolio valued at around $110 billion to a KeyCorp's unit for an undisclosed amount, the latest offloading of servicing assets which many big banks consider costly to collect on. KeyBank Real Estate Capital said in a statement it will more than double its servicing portfolio to $205 billion with the acquisition, which includes about $14 billion in special servicing rights. The transaction needs the approval of private investors.  Full Article

KeyCorp's KeyBank Real Estate Capital To Acquire Bank Of America CMBS Servicing Portfolio And Berkadia CMBS Special Servicing Business
Thursday, 9 May 2013 09:11pm EDT 

KeyCorp announced that KeyBank Real Estate Capital, the commercial real estate business unit, has entered into a series of agreements that will substantially increase commercial mortgage servicing business. Under the terms of an agreement with Bank of America, N.A., KeyBank has agreed to purchase certain commercial mortgage servicing rights from Bank of America. KeyBank will purchase substantially all of the third party CMBS and special servicing rights from Bank of America's Global Mortgages & Securitized Products business. This portfolio also includes servicing for a variety of private investors, subject to investor consent. The Company anticipates a seamless transition and closing of the transactions in the second quarter. Financial terms of the transaction were not disclosed.  Full Article

KeyCorp Declares Quarterly Cash Dividend Of Five Cents
Thursday, 17 Jan 2013 02:45pm EST 

KeyCorp announced that Board of Directors declared dividends for the first quarter of 2013: A cash dividend of $0.05 per share on the corporation's outstanding common shares. The dividend is payable March 15, 2013 to holders of record of such common shares as of the close of business on March 5, 2013 . A dividend of $1.9375 per share on the corporation's outstanding 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, to holders of record as of the close of business on February 28, 2013 , for the period commencing on (and including) December 15, 2012 to (but excluding) the dividend payable date of March 15, 2013 .  Full Article

KeyCorp Declares Quarterly Cash Dividend Of Five Cents
Thursday, 15 Nov 2012 02:14pm EST 

KeyCorp announced that the fourth quarter, 2012 cash dividend of $0.05 per share on the Corporation's outstanding Common Shares for the fourth quarter 2012, payable on December 14, 2012 to holders of record on November 27, 2012 . The Company also announced a dividend of $1.9375 per share on the Corporation's outstanding 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A (the "Series A Preferred Stock") to holders of record of the Series A Preferred Stock on November 30, 2012, for the period commencing on (and including) September 15, 2012 to (but excluding) the dividend payable date of December 15, 2012, with an actual payment date of December 17.  Full Article

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