Day: December 19, 2019
PLYMOUTH, Mich., Dec. 19, 2019 (GLOBE NEWSWIRE) — Perceptron, Inc. (NASDAQ: PRCP), a leading global provider of 3D automated metrology solutions and coordinate measuring machines, today announced that it has named Giovanni (Gianni) Trivisonni as Vice President & Managing Director of Coord3 s.r.l., effective January 13, 2019. Mr. Trivisonni will report directly to Jay Freeland, who serves as Chairman of the Board of Coord3 s.r.l. and Chairman of the Board and Interim President and Chief Executive Officer of Perceptron, Inc. Based in Turin, Italy, Coord3 is the coordinate measurement machine (CMM) business of Perceptron. “As a recognized leader within the global metrology space, Gianni is a valued addition to the Perceptron leadership team,” stated Mr. Freeland. “Looking ahead, Gianni will...
Credicorp Ltd: Credicorp Ltd. announces changes in Board Committee Composition
Written by Customer Service on . Posted in Public Companies.
Lima, Dec. 19, 2019 (GLOBE NEWSWIRE) — Credicorp Ltd. announces changes in Board Committee CompositionLima, PERU, December 19th, 2019 – Credicorp (NYSE: BAP) informs that the Board of Directors, in its session held on December 19th, 2019, agreed on a new composition for its Corporate Governance Committee, which will consist of the following members: Ms. Patricia Lizarraga Guthertz, Mr. Fernando Fort Marie, Mr. Juan Carlos Verme Giannoni and Ms. Barbara Bruce. As per Credicorp Corporate Governance Policies, the members of this Committee shall designate the new Chair from among its members in its next session.The renewed Corporate Governance Committee will work to bolster the Company’s governance framework to ensure that we meet the highest international standards for good practice.About CredicorpCredicorp...
Gladstone Commercial Announces Industrial Portfolio Acquisition
Written by Customer Service on . Posted in Mergers And Acquisitions.
MCLEAN, Va., Dec. 19, 2019 (GLOBE NEWSWIRE) — Gladstone Commercial Corporation (Nasdaq: GOOD) (“Gladstone Commercial”) announced today that it completed the acquisition of a 509,211 square foot, six building industrial portfolio with locations in San Antonio, TX; Albuquerque, NM; New Orleans, LA; Baton Rouge, LA; Tucson, AZ on December 17, 2019.The portfolio, acquired in a sale/leaseback transaction, is 100% leased to a global leader in the records storage industry with a 10 year lease term. The acquisition of the industrial properties is consistent with Gladstone Commercial’s growth strategy of acquiring high-quality assets in growth regions with credit-worthy tenants. The warehouses serve as regional hubs for the tenant within its core North American business segment, and each location generates a significant...
Colliers International to Strengthen U.S. Debt Finance Platform and Establish U.S. Securities Business
Written by Customer Service on . Posted in Mergers And Acquisitions.
TORONTO and MINNEAPOLIS, Dec. 19, 2019 (GLOBE NEWSWIRE) — Leading global commercial real estate services and investment management firm, Colliers International (NASDAQ and TSX: CIGI), today announced that it will acquire a controlling interest in four subsidiaries of Dougherty Financial Group LLC; Dougherty Mortgage LLC, Dougherty & Company LLC, Dougherty Funding LLC and Dougherty Insurance Agency LLC (together “Dougherty”). Under Colliers’ unique partnership model, Dougherty’s senior leadership will continue to drive the operations as significant shareholders, maintaining the high-quality service clients expect with the additional backing of a global platform. The transaction is subject to customary closing conditions, including receipt of regulatory approval, and is expected to close in the first half...
BRT Apartments Corp. Sells Indianapolis Property for $36.5 Million
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GREAT NECK, N.Y., Dec. 19, 2019 (GLOBE NEWSWIRE) — BRT Apartments Corp. (NYSE:BRT) today announced the sale of Waterside at Castleton, located in Indianapolis, Indiana, in which the Company held an 80% joint venture equity interest. The property was sold for an aggregate gross sales price of $36.5 million and a gain of approximately $17.0 million, of which $7.3 million is allocated to the non-controlling interest. The gain will be recognized in the quarter ending December 31, 2019. BRT incurred a $1.6 million mortgage defeasance charge, of which $697,000 is allocated to the non-controlling interest. The net gain to BRT, after giving effect to the non-controlling interest and BRT’s share of the defeasance charge, is approximately $8.8 million. The Company owned Waterside for almost six years over which...
Washington Prime Group Announces Mixed Uses at Oklahoma City Properties, Reinforcing the Town Centers as the Hub to Shop, Eat, Play and Live
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COLUMBUS, Ohio, Dec. 19, 2019 (GLOBE NEWSWIRE) — Washington Prime Group Inc. (NYSE: WPG) today announced new hotel and residential uses at the site of its three Oklahoma City properties, further enhancing the Company’s owned retail components which total approximately 310,000 SF.These new mixed uses are expected to draw a significant increase in annual visitors to the Company’s collection of three properties – Classen Curve, The Triangle at Classen Curve and Nichols Hills Plaza, benefitting existing tenants and generating strong future leasing demand.The planned 120-room Ellison Hotel is expected to open in 2021 on The Triangle of Classen Curve site just north of Whole Foods. The lifestyle boutique hotel will include a restaurant developed by Chris Lower and Joseph Royer, a rooftop swimming pool and bar, and 7,000...
SMART Global Holdings Reports First Quarter Fiscal 2020 Financial Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
NEWARK, Calif., Dec. 19, 2019 (GLOBE NEWSWIRE) — SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), today reported financial results for the first quarter of fiscal 2020 ended November 29, 2019.First Quarter Fiscal 2020 Highlights:Net sales of $272.0 millionAdjusted EBITDA of $23.5 millionGAAP diluted EPS of $0.01Non-GAAP diluted EPS of $0.55Increased cash and equivalents to $111.4 millionReduced net long-term debt to $200.3 million“In the first quarter of fiscal 2020, our Memory businesses, Specialty Memory Products and Brazil memory performed at or above expectations. In our Specialty Compute business, our two new acquisitions in July 2019 performed as expected, while our high performance computing business, Penguin Computing, experienced worse than expected seasonal weakness. We...
Flaherty & Crumrine Investment Grade Preferred Income Fund Declares Special Year End Distribution
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Not for distribution to U.S. newswire services or for dissemination in the United States.TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — (TSX: FFI.UN) For the year ended December 31, 2019, Flaherty & Crumrine Investment Grade Preferred Income Fund (the “Fund”) estimates that it will generate income of approximately $0.02 per unit in excess of its previously announced distributions for the year. As a result, the Fund is pleased to announce a special cash distribution of $0.02 per unit to unitholders of record at the close of business on December 31, 2019. The special cash distribution will be paid on or before January 15, 2020.Special year-end distributions have been paid by the Fund in eight of the last nine years as income also exceeded regular annual distributions during those years. The Fund has paid out $17.17 per...
WashREIT Completes Sale of 1776 G Street
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WASHINGTON, Dec. 19, 2019 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) announced that it has completed the sale of 1776 G Street to the building’s sole office tenant for $129.5 million. The buyer has operated out of 1776 G Street for over thirty years. The transaction closed on December 19, 2019.“We are pleased to have reached a mutually beneficial agreement with our largest tenant and the natural buyer for this asset given its strategic location relative to their headquarters,” said Paul T. McDermott, President and CEO of WashREIT. “Including this sale, we’ve reduced our exposure to single tenant assets from 26 percent to 7 percent of office square footage over the past two years which supports our strategy to improve our risk profile and strengthen cashflows and FAD growth.” WashREIT owns and...
Hancock Whitney Corporation to announce fourth quarter 2019 financial results January 15 and host conference call January 16
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GULFPORT, Miss., Dec. 19, 2019 (GLOBE NEWSWIRE) — Hancock Whitney Corporation (Nasdaq: HWC) will announce fourth quarter 2019 financial results on Wednesday, January 15, 2020 after the market closes. Management will host a conference call for analysts and investors at 8:30 a.m. Central Time on Thursday, January 16, 2020 to review the results. A live listen-only webcast of the call will be available under the Investor Relations section of Hancock Whitney’s website at www.hancockwhitney.com/investors. To participate in the Q&A portion of the call, dial (877) 564-1219 or (973) 638-3429. An audio archive of the conference call will be available under the Investor Relations section of our website. A replay of the call will also be available through January 23, 2020 by dialing (855) 859-2056 or (404) 537-3406, passcode...