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Tiptree Inc (TIPT.OQ)

TIPT.OQ on NASDAQ Stock Exchange Capital Market

6.20USD
8 Dec 2017
Change (% chg)

$-0.10 (-1.59%)
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$6.30
Open
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Day's Low
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Volume
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9,955
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$7.60
52-wk Low
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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 07:45am EST 

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 06:00am EST 

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 05:01pm EDT 

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 and RAIT Financial Trust enters into mutual confidentiality agreement‍​
Tuesday, 19 Sep 2017 04:57pm EDT 

Sept 19 (Reuters) - RAIT Financial Trust :Tiptree Inc - On September 18, Tiptree and RAIT Financial Trust entered into mutual confidentiality agreement‍​ - SEC filing.Tiptree Inc says confidentiality agreement has a termination date of March 18, 2019 unless terminated earlier upon mutual consent.Tiptree - Under confidentiality agreement, companies agreed to customary mutual non-disclosure agreement governing exchange of confidential information.  Full Article

Tiptree Inc files for resale of its Class A common stock by selling stockholders
Monday, 14 Aug 2017 02:38pm EDT 

Aug 14 (Reuters) - Tiptree Inc :Tiptree Inc files for resale, from time to time, of up to 756,046 shares‍​ of co's Class A common stock by selling stockholders - SEC filing.  Full Article

Tiptree reports Q2 ‍loss per share of $0.15​
Monday, 7 Aug 2017 04:17pm EDT 

Aug 7 (Reuters) - Tiptree Inc :Tiptree reports second quarter 2017 results.Q2 revenue rose 19.5 percent to $157.9 million.Qtrly ‍loss per share $0.15​.  Full Article

Tiptree repurchases one million shares
Friday, 23 Jun 2017 04:01pm EDT 

June 23 (Reuters) - Tiptree Inc ::Tiptree repurchases one million shares.Tiptree Inc- repurchased 1 million shares of class a common stock of Tiptree for aggregate consideration of $7.3 million from Nomura Securities Co Ltd.Tiptree Inc - transaction is expected to be accretive to both book value and earnings per share on a GAAP basis.  Full Article

Tiptree Inc announces acquisition of two properties in Pennsylvania for $13 million
Thursday, 15 Jun 2017 05:13pm EDT 

June 15 (Reuters) - Tiptree Inc ::Tiptree Inc - announces acquisition of two properties in Pennsylvania for $13 million.Tiptree Inc - care investment trust enters into joint venture with inspirit senior living for two senior living communities in Pennsylvania.  Full Article

Tiptree reports Q1 earnings per share $0.03
Thursday, 11 May 2017 08:00am EDT 

May 11 (Reuters) - Tiptree Inc -:Tiptree reports first quarter 2017 results.Q1 revenue rose 25.4 percent to $163.9 million.Book value per share as of march 31 2017, as exchanged of $10.15, up 11.5% compared to $9.10 as of march 31, 2016.Adjusted ebitda of $11.8 million for quarter, down 23.1% from $15.3 million in prior year period.Qtrly diluted earnings per share $0.03.  Full Article

Tiptree Inc files for non-timely 10-Q
Wednesday, 10 May 2017 06:13pm EDT 

May 10 (Reuters) - Tiptree Inc ::Tiptree Inc files for non-timely 10-Q -sec filing.Says certain immaterial errors were identified in the financial statements and related disclosures in the 2016 10-k.Says does not believe the immaterial errors have any impact on the financial statements included in 2016 10-k.Tiptree Inc says Co's process of evaluating impact of immaterial errors on internal control over financial reporting as of Dec 31, 2016 is not yet complete.  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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