FedNat Announces $15 Million Investment by Hale Partnership in Monarch National Insurance Company

SUNRISE, Florida, May 24, 2022 (GLOBE NEWSWIRE) — FedNat Holding Company (Nasdaq: FNHC) (FedNat), a regional insurance holding company, has signed an agreement with Hale Capital Management LLC (Hale) under which funds managed by Hale will invest $15,000,000 at FedNat subsidiary National Monarch Insurance Company (MNIC), subject to the fulfillment of certain conditions. Under the … Read more

Understanding the Split Personality of Split Actions

What is happening with Canadian Life Companies Split Corp.? Did class A shares (LFE) just reduce their dividend to zero? The short answer is yes. But to understand what happened here, we need a quick lesson on split stock corporations. These complex investment vehicles are marketed to retail investors looking for income, but they can … Read more