Burford Capital Stock Price, News & Analysis

Burford Capital announced that Andrea Muller, a non-executive director, purchased 10,000 ordinary shares between June 21 and June 23, 2022, for an average price of $8.88 per share on the New York Stock Exchange. This transaction follows the company's ongoing commitment to transparency in dealings by insiders. The notification is part of regulatory compliance for securities transactions by persons discharging managerial responsibilities.

Burford Capital announced the closing of $350 million for its Burford Alternative Income Fund II LP, focusing on post-settlement investments. This fund will support law firms and clients by monetizing legal receivables. In addition, Burford has raised over $1 billion in three months through a new bond issue and a pre-settlement fund. The investment period for BAIF II will last until September 11, 2025. CEO Christopher Bogart expressed satisfaction with the fund's launch, highlighting its importance in addressing payment delays in settlements.

Burford Capital Limited announced its plan to purchase ordinary shares worth approximately £160,000 to meet the awards for its non-employee directors. This initiative aims to buy up to 23,066 Shares based on recent average closing prices on the New York and London Stock Exchanges. The purchase will take place in the open market following this announcement. An update will be provided once the purchases are completed.

Burford Capital has announced details for its global retail shareholder call scheduled for June 16, 2022, at 9:00 AM EDT. CEO Christopher Bogart will review 2021 results and previous disclosures. Shareholders can participate by pre-registering at this link and submit questions via email. Burford Capital is publicly traded on the NYSE and LSE under the ticker BUR, focusing on finance and asset management in the legal sector.

Burford Capital Limited announced the Sterling conversion rate for its 2021 final dividend, set at 6.25 US cents per ordinary share, payable on June 17, 2022. Shareholders opting for Sterling will receive 4.954419 pence per share based on an exchange rate of £1 = US$1.2615 as of May 27, 2022. This dividend reward continues to reflect Burford's commitment to returning value to its shareholders.

Burford Capital Limited has announced an extension of its arrangement with a sovereign wealth fund (SWF) until December 31, 2023. The BOF-C fund had $633 million in active commitments, but only $274 million was deployed. The new terms allow Burford to allocate 25% of new matters to BOF-C, with the remaining 75% on the balance sheet. This change reflects a strategic capital raise of $360 million and aims to diversify investments. Burford continues to manage funds with varying potential returns, emphasizing a structured approach to capital allocation.

Burford Capital Limited announced the approval of all resolutions at its annual general meeting on May 18, 2022. A final dividend of 6.25 US cents per ordinary share was approved, scheduled for payment on June 17, 2022. Shareholders registered by May 27, 2022, will be eligible. The meeting also confirmed the appointment of Christopher Halmy as a new director. Total voting results showed overwhelming support for the resolutions, with the majority receiving over 106 million votes in favor and minimal opposition.

Burford Capital Limited will host a global retail shareholder call on June 16, 2022, at 9:00 AM EDT, where CEO Christopher Bogart will discuss financial results for the year ending December 31, 2021, and answer questions. The firm, which specializes in litigation finance and asset management, will provide further details about registration and participation soon. Burford is publicly traded under the stock symbol BUR on both the New York Stock Exchange and London Stock Exchange.

Burford Capital has announced an early redemption of its £90,000,000 6.50% guaranteed bonds due 2022, scheduled for 25 May 2022. The redemption price will be determined based on the greater of 100% of the principal or a calculated amount reflecting the Gross Redemption Yield, with a reference bond substituted due to maturity. The issuer will also pay any accrued interest up to the repayment date. This notice contains forward-looking statements regarding Burford's performance and associated risks, as per UK Market Abuse Regulation.