Day: November 13, 2019
VANCOUVER, British Columbia, Nov. 13, 2019 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to report results of its exploration programs at the GC silver-lead-zinc mine, Guangdong Province, China. Exploration drilling is ongoing at the GC mine.From October 1, 2018 to September 30, 2019, Silvercorp continued the extensive exploration programs at the GC mine and completed 25,877 metres (“m”) of diamond drilling with three underground rigs from current production levels, and 14,243m of exploration tunneling between elevation levels -300m and 150m. The drilling program was successful in extending the major mineralized vein structures along strike and downdip, and exploration tunneling exposed high grade mineralized zones within major production vein structures. During...
Hampton Financial Corporation Announces Quarterly Cash Dividend on Class A Preferred Shares
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TORONTO, Nov. 13, 2019 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Corporation”) (TSXV: HFC) (TSXV: HFC.PR.A) is pleased to announce a quarterly cash dividend of $0.20 per Class A preferred share, payable on December 1, 2019, to Class A preferred shareholders of record as at the start of business on November 25, 2019.Hampton Financial Corporation is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly-owned subsidiary, Hampton Securities Limited (“HSL”), Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full service investment dealer, regulated by IIROC and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories,...
Equus Announces Third Quarter Net Asset Value
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HOUSTON, Nov. 13, 2019 (GLOBE NEWSWIRE) — Equus Total Return, Inc. (NYSE: EQS) (the “Fund” or “Equus”) reports net assets as of September 30, 2019, of $49.0 million, an increase of approximately $1.1 million since June 30, 2019. Net asset value per share increased to $3.63 as of September 30, 2019 from $3.55 as of June 30, 2019. Comparative data is summarized below (in thousands, except per share amounts): The overall increase in net asset value during the third quarter of 2019 was principally due to an increase in the value of the Fund’s shareholding in PalletOne, Inc. (“PalletOne”). Equus holds an 18.7% fully-diluted share interest in PalletOne, Inc. (“PalletOne”) one of the nation’s largest wooden pallet manufacturers and a major supplier of treated lumber in the southeastern United States. The fair value of the Fund’s share...
Freehold Royalties Ltd. Announces Third Quarter Results
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CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces third quarter results for the period ended September 30, 2019.Results At A Glance(1) Funds from operations is equivalent to free cash flow.(2) Based on the number of shares issued and outstanding at each record date.(3) Weighted average number of shares outstanding during the period, basic.(4) See Conversion of Natural Gas to Barrels of Oil Equivalent (boe).(5) See Non-GAAP Financial Measures.President’s Message
First Horizon Named One of America’s Most JUST Companies by Forbes and JUST Capital
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MEMPHIS, Tenn., Nov. 13, 2019 (GLOBE NEWSWIRE) — First Horizon National Corp. (“First Horizon”) (NYSE: FHN) today announced that it has been named to the 2020 list of America’s Most JUST Companies. First Horizon ranked 3rd overall among banks and 2nd in the financial services industry for how it delivers value to its shareholders as well as how it invests in its employees. The inclusion of First Horizon on the JUST 100 list is a recognition that financial performance and positive contributions to society can go hand-in-hand.The JUST 100 list celebrates U.S. corporations that outperform their peers in the Russell 1000 on important issues including worker pay and treatment, work-life balance, customer respect and privacy, community support, product quality and environmental impact, all while delivering long-term value and driving...
Delta 9 Reports Financials for Q3 2019 and Announces Grant of Stock Options
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WINNIPEG, Manitoba, Nov. 13, 2019 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce financial and operating results for the three-month and nine-month period ending September 30, 2019.Financial Highlights for Q3, 2019Operating revenues of $6.7 million for the third quarter of 2019, up 432%, from $1,251,213 for the same quarter last year.Adjusted EBITDA1 was $(849,760) compared to $(2,551,710) in Q3, 2018.Gross profit2 of $2.0 million for the third quarter of 2019, up 550%, from $312,480 for the same quarter last year.Gross profit margin was 31% for Q3, 2019.Financial Highlights for the nine months of 2019Record operating revenues of $21.2 million, up 821%, from $2.3 million for the same period last year.Gross profit2 of $6.8 million, up 799%, from $756,644 for...
Suncor Energy declares dividend and announces increase to share repurchase program
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CALGARY, Alberta, Nov. 13, 2019 (GLOBE NEWSWIRE) — Suncor Energy’s Board of Directors has approved a quarterly dividend of $0.42 per share on its common shares, payable December 24, 2019 to shareholders of record at the close of business on December 3, 2019.Suncor’s Board of Directors has also approved an increase to the company’s current share repurchase program of an additional $500 million increasing the program from $2.0 billion to $2.5 billion. Suncor will continue to be opportunistic in its execution of the program and, should market conditions allow, Suncor expects to repurchase between $2.0 and $2.5 billion of common shares by the end of February 2020. As of Friday November 8, 2019, Suncor has completed repurchases of $1.74 billion, or approximately 42.7 million shares under the Board approved program, representing approximately...
Suncor Énergie déclare un dividende et annonce une augmentation du programme de rachat d’actions
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CALGARY, Alberta, 13 nov. 2019 (GLOBE NEWSWIRE) — Le Conseil d’administration de Suncor Énergie a approuvé un dividende trimestriel de 0,42 $ par action sur ses actions ordinaires, payable le 24 décembre 2019 aux actionnaires inscrits à la fermeture des bureaux le 3 décembre 2019.Le conseil d’administration de Suncor a aussi approuvé une augmentation du programme actuel de rachat d’actions de l’entreprise de 500 millions $ additionnels, augmentant ainsi le programme de 2 milliards $ à 2,5 milliards $. Suncor continuera à faire preuve d’opportunisme dans son exécution du programme et, si les conditions du marché le permettent, Suncor prévoit racheter entre 2 et 2,5 milliards $ d’actions ordinaires d’ici la fin de février 2020. En date du vendredi 8 novembre 2019, Suncor a racheté 1,74 milliard $, ou...
WPT Industrial REIT Announces Third Quarter Results
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TORONTO, Nov. 13, 2019 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U – OTCQX: WPTIF) announced today its results for the three and nine months ended September 30, 2019. All dollar amounts are stated in U.S. funds. Highlights for the three months ended September 30, 2019, including events subsequent to the end of the quarter:Investment properties revenue and net operating income (“NOI”)(1) were up 27.1% and 26.8%, respectively, over the same period last yearFunds from operations (“FFO”)(1) and adjusted funds from operations (“AFFO”)(1) were up 30.1% and 21.0%, respectively, over the same period last yearSame properties NOI(1) was up 4.5% over the same period last yearOccupancy increased to 99.5% and average remaining lease term rose to 5.1 years at September 30, 2019Acquired four 100%...
Timbercreek Financial Announces 2019 Third Quarter Results
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TORONTO, Nov. 13, 2019 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months and nine months ended September 30, 2019 (“Q3 2019”).Q3 2019 HighlightsMaintained conservative portfolio risk position focused on income-producing commercial real estate92.8% of net mortgage investment portfolio are first mortgages87.4% of net mortgage investment portfolio invested is in cash-flowing properties67.8% weighted average loan-to-valueIncreased quarterly weighted average interest rate on all loans to 7.5%Delivered net income of $13.9 million and distributable income of $15.9 millionGenerated $0.19 in distributable income per sharePaid record $14.3 million in dividends to shareholders“Our third-quarter operating metrics, including distributable income, were solid and reflect...