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NPS Rent Assurance Drives Reversal of Outstanding Resident Rent Balances for Improved Cash Flow, Reduced Evictions Amid COVID-19 Crisis

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NEEDHAM, Mass., Oct. 31, 2020 /PRNewswire-PRWeb/ — NPS Rent Assurance, the leader in automated employer direct deposit programs for rent, today shared results of a targeted initiative to reverse outstanding rent balances for Atlantic Realty Management, a leading Mid-Atlantic operator where delinquencies were a growing issue. Similar Outstanding Balance Repayment Programs are underway with NPS clients in the hard hit states of Atlanta, Florida, and California.

"In this year like no other, we value the ability to work with our residents who got behind in rent obligations," says Rick Briemann, Vice President at Atlantic. "By offering a structured plan to get caught up on monies owed, we were able to turn potential losses into consistent monthly payments, improving cash flow for Atlantic while helping our residents retain their housing. We're proud of the work we've done with NPS at our Baltimore communities to help essential workers like a radio dispatcher, a bookkeeper, a medical technician, a postal worker, a nursing assistant, and many others. It's a win-win all around."

A representative sample of residents across employment categories at six Atlantic communities in the Baltimore area showed near perfect outstanding balance payback in addition to full rent for the period of November 1, 2019 to October 1, 2020, eliminating the imminent threat of eviction. Starting with a "good faith" upfront deposit of approximately 30 percent of the balance owed, residents agreed to enroll in the NPS Rent Assurance program for delivery of full rent in addition to an average of $100 monthly toward outstanding balances. To date, half of the residents sampled have paid outstanding balances in full while staying current with monthly rent obligations and the other half continue making consistent payments via the NPS platform.

"The results of this initiative are meaningful for multifamily owners and managers who have worked tirelessly to help residents before and during the COVID-19 pandemic and have been left with little recourse for non-payment of full rent since April," says Rich Levitan, president of Neighborhood Pay Services. "We're proud of the assurance that NPS delivers to our property clients of receiving 95%+ of rent due by the second business day of each month, consistently outperforming industry averages by wide margins throughout the pandemic, and in particular when compared to rent payment performance in the B & C asset class."

For additional information on NPS and Outstanding Balance Repayment programs, write to [email protected]

About NPS Rent Assurance
NPS Rent Assurance operates the only rent from payroll direct deposit platform providing the multifamily industry with a proven solution for building incremental occupancy with improved payment performance. The company's simple, 'hands-off' program receives payroll direct deposits from a resident's employer each pay period with built-in safeguards against 'pull back' before rent is due. NPS Rent Assurance is offered exclusively through apartment leasing offices as a key component of conditional lease offers as well as a mechanism to automate outstanding balance initiatives for existing residents who fall behind in their lease obligations.

 

SOURCE NPS

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TORA's OEMS Integrates with Liquidnet's IA Trader to Offer Real Time Actionable Decision Making Tools

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LONDON, Dec. 1, 2020 /PRNewswire-PRWeb/ — TORA, the provider of industry leading trading technology, has today announced that it has integrated its order & execution management system (OEMS) with global institutional investment network, Liquidnet's IA Trader. The integration offers access to advanced artificial intelligence, data analytics tools and a broad range of Liquidnet trading algorithms.

Integrating IA Trader directly in the TORA OEMS helps equity traders enhance their decision making process at the point of trade. The system delivers actionable signals, alerts, compact stamp summaries and data visualisation capabilities that are designed to provide clients greater day-to-day efficiency and enhanced operational workflow in one holistic system.

Liquidnet's IA Trader provides pre, post and intra trade execution analytics driven by exception alerting across equity and related market data. Time-stamps, alerts and analytic tools are designed to helps traders to uncover potential hidden risks and opportunities in their blotters, portfolio or watchlists.

TORA's OEMS offers the most comprehensive front-to-back end trading solution for hedge funds and asset managers. The functionality is fully auditable, MIFID II compliant and automatically details in depth order records, price information and creates best execution reports. TORA's platform also delivers advanced pre trade and post trade TCA to improve execution quality and ensure best execution.

Chris Jenkins, Managing Director at TORA, stated, “We are very pleased to have IA Trader available in the TORA OEMS platform. Data analytics play an ever more important role in the trading process and to have IA Trader as an added data point is very exciting for our clients. The embedded integration allows for a seamless workflow for all users.”

TORA's leading OEMS platform will give users access to advanced functions for portfolio rebalancing, TCA, strong post-trade allocations and commission management tools. The integrated software package already connects with custodians, prime brokerage and trade matching providers across the globe.

About TORA

TORA is the leading global provider of advanced investment management technologies supporting the full trading lifecycle. With a full suite of cloud-based SaaS-delivered execution, analytics and compliance tools, as well as order, portfolio and risk management capabilities and a global FIX network, TORA's products are utilized by hundreds of the industry's leading hedge funds, asset managers, proprietary trading firms and sell-side trading desks globally. With headquarters in San Francisco, TORA has over 250 employees across offices in Hong Kong, Jersey, New York, Romania, Singapore, Sydney and Tokyo. More information is available at http://www.tora.com

About Liquidnet

Liquidnet is a technology-driven, global institutional investment network that intelligently connects the world's investors to the world's investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 45 markets across six continents and seamlessly connects institutional brokers, investment banks, exchanges, alternative trading venues, and a growing list of data and research providers. We built Liquidnet to make global capital markets more efficient, and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit http://www.liquidnet.com and follow us on Twitter @Liquidnet.

Media Contact

Viali Munteanu, Cognito, +44 7547819438, [email protected]

 

SOURCE TORA

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Life Settlement Pioneer Launches PolicyAppraisal.com for Financial Advisors

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ATLANTA, Dec. 1, 2020 /PRNewswire/ — Life insurance settlement industry pioneer Wm. Scott Page recently announced the launch of PolicyAppraisal.com, a website that uses custom algorithms to enable financial advisors and life insurance agents to determine the existing value of life insurance policies. Using its proprietary software know as Value Finder™, PolicyAppraisal.com's team uses analytics to quickly identify if a policy can be sold on the secondary market. Value Finder streamlined the appraisal process to provide a quick “yes” or “no” answer regarding the viability of a life settlement. Today, many financial advisors are bogged down when trying to get simple answers from many life settlement brokers.

Each member of the executive team at PolicyAppraisal.com has more than 25 years of experience working within the life insurance settlement industry. Page, the organization's founder, is a pioneer of the life settlement industry and has unmatched experience, knowledge, and funding relationships within the secondary market.

“We have dramatically overhauled the process of determining the value of a life insurance policy,” said Page. “Using new technology, industry experience with underwriting medical impairments, and knowledge of institutional buying patterns and return targets, we have created a system that accurately evaluates key data points and quickly creates a realistic appraisal.”

The team at PolicyAppraisal.com educates financial advisors about the value of life insurance as an asset that is worth more than its cash value – and more than its intangible value as a financial safety net.

“In a timely manner, we can provide an appraisal that will help agents and advisers offer reliable options to their clients,” said Page. “We offer this without an agent having to contact a broker.”

Life insurance is an integral part of any financial plan, however, most industry professionals are kept in the dark regarding the real value of an existing life insurance policy. Restrictive carrier contracts and a convoluted broker market inhibit life settlement transactions. Over the past 25 years, executives from PolicyAppraisal.com have assisted in thousands of transactions and put millions of dollars in the hands of insurance owners from policies that would have otherwise lapsed. Life insurance policy appraisals are invaluable tools for anyone advising seniors about their long-term financial plans.

The company recently launched its website, including a text messaging option to help agents get questions answered very quickly.

“Agents who are concerned about privacy or asking questions through their broker-dealer can learn about policy appraisals by sending an anonymous text message to us, which will go directly to the mobile phone of one of our experts,” said Page. “Texts can be sent at any time (day or night), and we will respond quickly with a thorough answer.”

About Policy Appraisal

More information is available by visiting www.PolicyAppraisal.com, calling (800) 286-3738, or sending a text through the website.

Press Contact

Stephen E. Terrell
800-286-3738

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/life-settlement-pioneer-launches-policyappraisalcom-for-financial-advisors-301182239.html

SOURCE Policy Appraisal

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BMO Financial Group Declares Dividends

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TORONTO, Dec. 1, 2020 /PRNewswire/ — Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that its Board of Directors declared a quarterly dividend of $1.06 per share on paid-up common shares of Bank of Montreal for the first quarter of fiscal year 2021 (“Q1 2021 Dividend”), unchanged from the previous quarter and the prior year.

The Board of Directors also declared dividends of:

  • $0.112813 per share on paid-up Class B Preferred Shares Series 25;
  • $0.078011 per share on paid-up Class B Preferred Shares Series 26;
  • $0.24075 per share on paid-up Class B Preferred Shares Series 27;
  • $0.2265 per share on paid-up Class B Preferred Shares Series 29;
  • $0.240688 per share on paid-up Class B Preferred Shares Series 31;
  • $0.190875 per share on paid-up Class B Preferred Shares Series 33;
  • $0.303125 per share on paid-up Class B Preferred Shares Series 38;
  • $0.28125 per share on paid-up Class B Preferred Shares Series 40;
  • $0.275 per share on paid-up Class B Preferred Shares Series 42;
  • $0.303125 per share on paid-up Class B Preferred Shares Series 44; and
  • $0.31875 per share on paid-up Class B Preferred Shares Series 46.

The dividend on the common shares is payable on February 26, 2021, to shareholders of record on February 1, 2021. The dividends on the preferred shares are payable on February 25, 2021, to shareholders of record on February 1, 2021.

The above-mentioned dividends on the common and preferred shares are designated as “eligible” dividends for the purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.

Common shareholders may elect to have their cash dividends reinvested in common shares of the Bank in accordance with the Bank's Shareholder Dividend Reinvestment and Share Purchase Plan (the “Plan”).  For the Q1 2021 Dividend declared today and subsequently until further notice, such additional common shares will be purchased on the open market.

For registered shareholders who wish to participate in the Plan, Enrolment Forms must be received by the Bank's transfer agent, Computershare Trust Company of Canada, by the close of business on February 3, 2021. Beneficial or non-registered holders must contact their financial institution or broker well in advance of the above date for instructions on how to participate.

More information about the Plan and how to enroll can be found at:

http://www.bmo.com/home/about/banking/investor-relations/shareholder-information/dividend-reinvestment-plan

For News Media Enquiries: Paul Gammal, Toronto, [email protected], (416) 867-3996; For Investor Relations Enquiries: Bill Anderson, Toronto, [email protected], (416) 867-7834; Internet: www.bmo.com, Twitter: @BMOmedia

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