Posts for Ticker ‘SLF’

Brookfield Goes Deeper Into Turnaround & DIP Funds (BAM, SLF, CM, BPO)

money-stack-imageBrookfield Asset Management (NYSE: BAM) and the Export Development Canada have announced the establishment of a C$1 billion fund with the backing of the “EDC” to provide debtor-in-possession loans, or DIP Financing, and other specialty finance solutions to Canadian companies undergoing a restructuring or reorganization.  Canadian Imperial Bank of Commerce (NYSE: CM) and Sun Life Financial Inc. (NYSE: SLF) are also involved as investors in this fund.  The size of the investments from CIBC and Sun Life were not noted in the release, but this comes on the heels of a larger US$4 billion investor consortium dedicated to investing in underperforming real estate deals with Brookfield Properties Corporation (NYSE: BPO).
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Posted on: August 19, 2009 – 10:30 am in ADR, Conglomerates, Financial Stocks, Mergers and Buy Outs, , , ,

Top Pre-Market Analyst Upgrades & Downgrades (LFC, NUE, PLD, SLF, CCJ, SSCC)

Money_stack_picThese are the few upgrades and downgrades we have seen this shortened Wednesday.  As we are in the holidays, the analyst community has largely gone quiet until after the first of the year.

  • China Life Insurance Co. Ltd. (NYSE: LFC) Raised to Buy at Citigroup.
  • Nucor (NYSE: NUE) Raised to Buy at Deutsche Bank.
  • ProLogis (NYSE: PLD) Raised to Buy at Deutsche Bank; Raised to Outperform at Wachovia.
  • Sun Life (NYSE: SLF) Raised to Outperform at CIBC.
  • Cameco (NYSE: CCJ) Cut to Market Perform at FBR.
  • Smurfit-Stone (NASDAQ: SSCC) Cut to Hold at Deutsche Bank.

Jon C. Ogg
December 24, 2008

Posted on: December 24, 2008 – 7:36 am in Analyst Calls, , , , , ,