Core Insights - AMG has entered into an agreement to sell its interest in Comvest Partners' private credit business to Manulife Financial Corporation, highlighting the value of AMG's partnership model in supporting affiliates' long-term objectives [1][3] Company Overview - AMG is a strategic partner to independent investment management firms globally, focusing on generating long-term value through investments in high-quality, partner-owned firms [5] - As of June 30, 2025, AMG's aggregate assets under management were approximately $771 billion across various investment strategies [5] Partnership Impact - Comvest Partners has experienced significant growth, increasing its assets under management from $2 billion to $14 billion over five years, aided by AMG's strategic engagement [2][3] - AMG's collaboration has enhanced Comvest's business growth and competitive positioning, contributing to a successful outcome for all stakeholders involved [3] Financial Details - AMG is expected to receive approximately $285 million in cash consideration from the transaction, representing a significant gain on its investment [3] - AMG will retain an interest in the carry from certain existing private credit funds and a share of Comvest's invested capital in these funds, as well as its interest in Comvest's private equity business [3] Transaction Timeline - The transaction is anticipated to close in the fourth quarter of 2025, pending customary closing conditions [4]

Core Insights - AMG has entered into an agreement to sell its interest in Comvest Partners' private credit business to Manulife Financial Corporation, marking a significant strategic move for the company [1][4] - The partnership between AMG and Comvest has led to substantial growth in Comvest's assets under management, increasing from $2 billion to $14 billion over five years [2][3] - AMG is expected to receive approximately $285 million in cash consideration from the transaction, reflecting a significant gain on its investment [3] Company Overview - AMG is a strategic partner to independent investment management firms globally, focusing on generating long-term value through investments in high-quality, partner-owned firms [5] - As of June 30, 2025, AMG's aggregate assets under management were approximately $771 billion, covering a diverse range of investment strategies [5]

Core Viewpoint - Wilmington Capital Management Inc. reported a net loss for Q2 2025, indicating a significant decline in financial performance compared to the same period in 2024, while also outlining strategic steps to monetize investments and enhance shareholder value [2][3][4]. Financial Performance - For Q2 2025, Wilmington reported a net loss of $0.3 million or ($0.02) per share, compared to a net loss of $0.01 million or ($0.01) per share in Q2 2024 [2]. - For the six months ended June 30, 2025, the net loss was $0.4 million or ($0.03) per share, contrasting with a net income of $1.2 million or $0.09 per share for the same period in 2024 [2]. - Management fee revenue was absent in 2025, while it was $0.26 million in Q2 2024 and $0.40 million for the first half of 2024 [6]. - Interest, distributions, and other income decreased from $0.54 million in Q2 2024 to $0.27 million in Q2 2025 [6]. Operational Update - As of June 30, 2025, Wilmington had approximately $34 million in cash and an 18% ownership interest in Bay Moorings Marina Holdings Limited Partnership, which is redeveloping land into residential sites and a condominium [3]. - The company is actively reviewing alternatives to provide liquidity to shareholders and maximize the value of its public platform [4]. Balance Sheet Overview - Total assets as of June 30, 2025, were $36.52 million, down from $38.69 million at the end of 2024 [9]. - Shareholders' equity remained stable at $35.62 million, while retained earnings decreased to $(0.023) million from $0.418 million at the end of 2024 [9].

Core Viewpoint - Hennessy Advisors, Inc. reported positive financial results for the third fiscal quarter of 2025, highlighting growth in revenue, net income, and assets under management, while maintaining a stable dividend payout [1][4][8]. Financial Performance - Total revenue for the quarter was $8.1 million, an increase of 3.5% compared to $7.8 million in the same quarter of the previous year [4][8]. - Net income rose to $2.1 million, reflecting a 4.5% increase from $2.0 million year-over-year [4][8]. - Earnings per share (diluted) remained unchanged at $0.26 [4][8]. - Average assets under management increased by 5.3% to approximately $4.1 billion, up from $3.9 billion [4][8]. - Total assets under management reached $4.3 billion, marking a 6.3% increase from $4.0 billion [4][8]. - Cash and cash equivalents, net of gross debt, grew significantly by 38.1% to $30.0 million, compared to $21.8 million in the prior year [4][8]. Strategic Outlook - The company expressed confidence in the resilience of the U.S. labor market and the overall economy, citing low unemployment and consistent payroll growth as positive indicators [2]. - Management emphasized a focus on fundamentals rather than reacting to market volatility, with optimism about future performance following the passage of major fiscal legislation [2]. - Hennessy Advisors is also working on expanding its ETF offerings by assuming management of additional tactical growth and income ETFs [3].

HOUSTON, Aug. 6, 2025 /PRNewswire/ -- Stellus Capital Investment Corporation (NYSE:SCM) ("Stellus", "we", or the "Company") today announced financial results for its fiscal quarter ended June 30, 2025.Robert T. Ladd, Chief Executive Officer of Stellus, stated, "I am pleased to report solid operating results for the quarter ended June 30, 2025, in which we earned U.S. GAAP net investment income of $0.34 per share and core net investment income of $0.35 per share. During the quarter, we funded $23 million of ...

2025 Second Quarter Results August 6, 2025 NYSE/TSX:SII Forward-looking Statements Certain statements in this presentation or the accompanying oral remarks contain forward-looking information and forward-looking statements (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and simil ...

Financial Performance - Carlyle reported income before provision for income taxes of $441 million, with a margin of 280% for Q2 2025[3] - Net income attributable to The Carlyle Group Inc common stockholders was $320 million, or $087 per share on a diluted basis for Q2 2025[13] - Distributable Earnings (DE) were $431 million for Q2 2025, or $091 per common share on a post-tax basis[18] - Fee Related Earnings (FRE) were $323 million for Q2 2025[18] - Realized Net Performance Revenues were $88 million for Q2 2025[18] Assets Under Management (AUM) - Total Assets Under Management reached $465 billion as of June 30, 2025, a 7% increase year-over-year[6, 18] - Fee-earning Assets Under Management totaled $325 billion, up 6% year-over-year[18] - Perpetual Capital Fee-earning AUM was $101 billion, representing 31% of total Fee-earning AUM[18] Capital Management - A quarterly dividend of $035 per common share was declared, payable on August 28, 2025[4, 18] - The company repurchased or withheld 23 million shares of common stock in Q2 2025, totaling $104 million[18] - As of June 30, 2025, $06 billion of repurchase capacity remained under the $14 billion repurchase authorization[18]

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