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DAXX:ALV, Oct 25, 04:09 UTC

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Wednesday, October 21


News

COVID-19 Update: Global Space Insurance Market is Expected to Grow at a Healthy CAGR with Top players: AIG, Allianz, USAIG, Hallmark Financial Services, Marsh Inc, etc.

ALV AIG +2 more ALV AIG AV AV

COVID-19 Update: Global Space Insurance Market is Expected to Grow at a Healthy CAGR with Top players: AIG, Allianz, USAIG, Hallmark Financial Services, Marsh Inc, etc. Space Insurance is often referred to as an “artificial kidney.” Its function is to remove the excess wastes and fluid from the blood when the patient’s kidneys can no longer perform that task. Request For Exclusive Sample PDF along with few company profiles. Space Insurance Market report analyses the impact of Coronavirus (COVID-19) on the Space Insurance industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency.

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Monday, October 19


News

GE, PIMCO to Partner on $3 Billion Air Leasing Platform

ALV

The aviation leasing arm of General Electric(NYSE:GE) is partnering with PIMCO Investment Management to launch an aircraft leasing platform to support up to $3 billion in aircraft financing. It's a model that airlines have embraced in recent years as a way to keep aircraft debt off their balance sheets, leading to a rise in interest for businesses including GECAS, AerCapHoldings(NYSE:AER), and Air Lease(NYSE:AL). "As the airline industry struggles with the effects of the COVID-19 pandemic, the PIMCO-GECAS platform will inject essential liquidity into this critical industry by providing financing solutions at a time when there are fewer traditional financing options for airlines," PIMCO chief investment officer Dan Ivascyn said in a statement. The need for liquidity in airplane finance at this moment is debatable, since few airlines are in the market for new jets. But the announcement is being viewed by investors as an endorsement of the air leasing model, causing shares of Air Lease and AerCap to rise on Monday morning.

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allianz: Telefonica to team up with Allianz for 5 bln euro investment in Germany: Report, Telecom News, ET Telecom

ALV TEF

MADRID: Spanish telecom giant Telefonica is readying an alliance with the private equity arm of German insurer Allianz to finance a 5 billion euro infrastructure investment in Germany, Spanish newspaper Expansion said on Monday. Telefonica and Allianz aim to create a joint venture half-owned by each that would invest into a fibre-optic network in Germany, the newspaper said, citing unidentified financial sources. Reuters had reported last week that Telefonica was in the final stages of negotiating a deal with banks and an unidentified investor to build the fibre-optic network to supply under-served areas of Germany. A spokesman at Telefonica declined to comment and a spokeswoman at Allianz was not immediately available.

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Thursday, October 08


News

Columbia Property Trust and Allianz Real Estate Expand Joint Venture to Include 221 Main Street in San Francisco

ALV

Allianz contributed cash of $180 million for a 45% ownership interest in the joint venture, which values 221 Main Street at $400 million. Consistent with most of the other ventures between Columbia and Allianz, Columbia will retain a 55% ownership stake and function as general partner for the venture. The four other properties jointly owned by Columbia and Allianz are University Circle and 333 Market Street in San Francisco, 114 Fifth Avenue in New York, and 1800 M Street in Washington, D.C. Columbia and Allianz have also both made investments in the Terminal Warehouse joint venture in New York, together with other partners. Our actual results may differ materially from projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements, see Columbia Property Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which are based on current expectations and speak as of the date of such statements.

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Tuesday, October 06


News

Allianz CEO says there are a lot of zombie companies but households are resilient

ALV

Allianz CEO says there are a lot of zombie companies but households are resilient. LONDON, Oct 6 (Reuters) - Allianz CEO Oliver Baete said on Tuesday that a lot of "zombie companies" were surviving due to government support but that many private households were more resilient than some thought. "We are camouflaging for now the underlying effects, we have a lot of zombie companies now that are just surviving because they are getting government money, we have a lot of jobs around furlough or part time that will be lost, certainly in 2021," Baete told The Wall Street Journal CEO Council. Baete said, though, that many households were more resilient and stronger than many thought.

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Allianz CEO: vast COVID-19 cost will anger many ordinary people

ALV

LONDON (Reuters) - Allianz (ALVG.DE) CEO Oliver Baete said on Tuesday that European governments needed to be careful about spending record amounts on the COVID-19 crisis as many ordinary people would be angry when they were handed such a vast bill. The boss of Allianz, which has 2.3 trillion euros under management, said that there were a lot of "zombie" companies being kept afloat with government money though many private households were more resilient than some thought. Many ordinary people, Baete said, were clearly smarter than the political classes who were spending record amounts of money - an issue that he said could one day hurt social cohesion. "How does a society work where one part of the society keeps on spending beyond their own means and others are supposed to pay for that? Polarisation is a very important issue," he said. "So we need to be very careful. I don't believe that this issue is just an economic question: it is actually a question of social cohesion."

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News

Allianz Sees Surge In Claims From Entertainment Industry

ALV

Allianz Sees Surge In Claims From Entertainment Industry The specialist division of German insurer Allianz said on Tuesday that it has set aside €488 million ($575 million) for claims linked to COVID-19 restrictions, most of which is expected to...

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Monday, October 05


News

PIMCO Dynamic Income Fund Prices an Upsized Public Offering of Common Shares

ALV MS

NEW YORK, Oct. 05, 2020 (GLOBE NEWSWIRE) -- PIMCO Dynamic Income Fund (the “Fund”) (NYSE: PDI) today announced the pricing of its public offering of 3,750,000 common shares. In addition, the Fund has granted the underwriters a 30-day option to purchase up to an additional 562,500 common shares to cover over-allotments at the public offering price. Janney Montgomery Scott LLC, JonesTrading Institutional Services LLC, Wedbush Securities Inc., AmeriVet Securities, Inc. and Loop Capital Markets LLC are acting as co-managers. The Fund seeks to achieve its investment objectives by utilizing a dynamic asset allocation strategy among multiple fixed income sectors in the global credit markets, including corporate debt (including, among other things, fixed-, variable- and floating-rate bonds, bank loans, convertible securities and stressed debt securities issued by U.S. or foreign (non-U.S.) corporations or other business entities, including emerging market issuers), mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed-, variable- and floating-rate income-producing securities of U.S. and foreign issuers, including emerging market issuers.

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News

PIMCO Assumes Oversight of Allianz Real Estate

ALV

NEWPORT BEACH, Calif., Oct. 05, 2020 (GLOBE NEWSWIRE) -- PIMCO, one of the world’s premier fixed income investment managers, announces that it has officially assumed the leadership and oversight of Allianz Real Estate – a leading global commercial real estate investment business. First announced by PIMCO and Allianz Real Estate in March of this year, this partnership expands PIMCO’s access to talent, resources, and data, which should enhance the firm’s existing private strategies platform, particularly those investment vehicles which emphasize real estate. “This combination gives us greater scale in commercial real estate which will expand our prospects for attractive and compelling investment opportunities for clients seeking income-oriented or opportunistic real estate strategies,” said Emmanuel Roman, PIMCO’s Chief Executive Officer. “We look forward to working together with our colleagues in PIMCO’s real estate area to identify new ways to create products and develop client relationships and to deepen our partnerships across the industry using our expanded global capabilities and scale,” said Francois Trausch, Allianz Real Estate’s Chief Executive Office who will now also be a Managing Director at PIMCO.

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Thursday, October 01


News

PIMCO Closed-End Funds Declare Monthly Common Share Distributions

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The distributions are payable on November 2, 2020 to shareholders of record on October 13, 2020, with an ex-dividend date of October 9, 2020. A Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” A return of capital is not taxable; rather it reduces a shareholder’s tax basis in his or her shares of the Fund. If a Fund estimates that a portion of its distribution may be comprised of amounts from sources other than net investment income in accordance with its policies and accounting practices, such Fund will notify shareholders of the estimated composition of such distribution through a separate written Section 19 Notice. Final tax characteristics of all Fund distributions will be provided on Form 1099-DIV, which is mailed after the close of the calendar year. It is important to note that differences exist between a Fund’s daily internal accounting records and practices, a Fund’s financial statements presented in accordance with U.S. GAAP, and recordkeeping practices under income tax regulations.

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