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Stock impact report

KBRA Assigns Preliminary Rating to FNA 9, LLC [Yahoo! Finance]

Encore Capital Group Inc (ECPG) 
Last encore capital group inc earnings: 2/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.encorecapital.com
Company Research Source: Yahoo! Finance
FNA 9 represents the Company's seventh public tax lien ABS securitization. Proceeds from the Notes will be used to acquire a portfolio of 9,249 property tax lien assets from municipalities within 13 states, including Texas (53.2%), Florida (19.9%), and New Jersey (8.4%), with a redemptive value of approximately $157.0 million (the Initial Tax Liens) and a weighted average original lien rate of 8.3%. First National Holdings II, LLC (FNH or the Company) was founded in 2002 and is a specialty finance holding company that purchases real estate tax liens from government entities. FNH is an affiliate of ArrowMark Partners, an asset management company with approximately $24.0 billion assets under management. FNH's current portfolio spans 13 states and totals approximately $500.0 million as of March 2025. FNH is the holding company for both First National Assets, the tax lien business, and Propel Financial Services, the tax loan business. To access ratings and relevant documents, click he Show less Read more
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