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Fundamental Global Inc. 8.00% Cumulative Preferred Stock - $FGFPP STOCK NEWS

Welcome to our dedicated page for Fundamental Global 8.00% Cumulative Preferred Stock news (Ticker: $FGFPP), a resource for investors and traders seeking the latest updates and insights on Fundamental Global 8.00% Cumulative Preferred Stock stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fundamental Global 8.00% Cumulative Preferred Stock's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

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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Fundamental Global Inc. announced the sale of its Digital Ignition building and subsidiary for $6.5 million, with $1.3 million in cash. The sale will reduce annual operating costs by approximately $1 million and debt by $4.9 million. The move aligns with the company's strategic focus on highly scalable businesses, cost reduction, and profitability.
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Fundamental Global Inc. (Nasdaq: FGF) reports continued growth in reinsurance and investment results leading to a net income in 2023. The company completed a merger with FG Group Holdings Inc., rebranding as Fundamental Global Inc. Key highlights include increased net reinsurance premiums earned and net investment income. The company paid dividends on its 8% Series A Preferred Stock and saw a rise in general and administrative expenses. Net income attributable to common shareholders improved significantly, with balance sheet highlights showing increased investment holdings and total shareholders' equity.
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FG Financial Group, Inc. has been renamed to Fundamental Global Inc. after completing a merger with FG Group Holdings Inc. The new leadership and governance structure are in place, with the company operating in various business segments like FG Reinsurance, Ltd., Strong Global Entertainment, Inc., Merchant Banking and SPACs, and Asset Management. The merger was well-received by shareholders, and the company aims to focus on shareholder returns and streamline operations.
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Fundamental Global Inc. 8.00% Cumulative Preferred Stock

Nasdaq:FGFPP

FGFPP Rankings

FGFPP Stock Data

12.40M
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States of America
ITASCA

About FGFPP

1347 property insurance holdings, inc. is a property and casualty insurance holding company incorporated in delaware. in december 2012, the company began providing property and casualty insurance to individuals in louisiana (and now in texas as well) through its wholly-owned subsidiary, maison insurance company, or maison insurance. the company's insurance offerings currently include homeowners'​ insurance, manufactured home insurance, wind and hail, and dwelling fire insurance. the company believes the louisiana and texas property and casualty insurance market has historically been underserved due to the unique weather-related risks in the region.