Welcome to our dedicated page for Fundamental Global news (Ticker: FGF), a resource for investors and traders seeking the latest updates and insights on Fundamental Global stock.
Fundamental Global Inc. (FGF) delivers specialized insurance solutions and strategic asset management services, focusing on weather-vulnerable regions. This page provides authorized updates about corporate developments, financial performance, and market positioning.
Access real-time press releases covering earnings announcements, leadership changes, and strategic partnerships. Investors will find regulatory filings alongside analysis of operational expansions in property/casualty insurance markets.
Key updates include reinsurance program developments, investment portfolio adjustments, and regional market penetration efforts. Content is curated to help stakeholders track risk management innovations and financial stability indicators.
Bookmark this page for direct access to verified corporate communications. Check regularly for insights into FGF's approach to balancing insurance underwriting with asset growth strategies in dynamic markets.
Fundamental Global has announced a quarterly cash dividend for its 8.00% Cumulative Preferred Stock, Series A (ticker: FGFPP). The dividend amount is $0.50 per share, covering the period from March 15, 2024, to June 14, 2024. Eligible shareholders, those on record by June 1, 2024, will receive the dividend on June 15, 2024. The company, listed on Nasdaq under the symbols FGF and FGFPP, engages in reinsurance, asset management, merchant banking, manufacturing, and managed services. This announcement reflects the company's ongoing commitment to providing returns to its investors.
Fundamental Global Inc. (Nasdaq: FGF, FGFPP) announced its first quarter 2024 financial results, reflecting the merger with FG Group Holdings. Revenue increased by $2.1 million, or 31.6%, to $8.6 million due to higher demand for Strong Entertainment's screen products. Total expenses rose by $3.9 million or 36.3%, leading to a net loss of $4.3 million, or ($0.26) per share. The company saw a notable increase in total assets to $110.3 million and stockholders’ equity to $66.4 million as of March 31, 2024. Dividends paid on the 8% Series A Preferred Stock totaled $0.4 million. Moving forward, the company aims to reduce costs and focus on scalable, high-ROIC businesses.
Fundamental Global Inc. announced the acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 million valuation. The MDI Acquisition will benefit both companies by unlocking the value of the investment in MDI and providing access to the Canadian financial markets. FGAC will change its name to Saltire Holdings, upon closing of the deal.
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