Day: June 1, 2020

HAMILTON, Bermuda, June 01, 2020 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed an adverse development cover reinsurance transaction with Aspen Insurance Holdings Limited.In the transaction, Enstar’s subsidiary assumed reinsurance losses incurred on or prior to December 31, 2019 on a diversified mix of property, liability and specialty lines across the U.S., U.K. and Europe for a premium of $770 million.Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions.About EnstarEnstar is a multi-faceted insurance group that offers innovative capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom,...

TORONTO, June 01, 2020 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has declared the following quarterly dividends per share on its preferred shares:Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.Fairfax has also determined the quarterly dividend rates in respect of the June 30, 2020 to September 29, 2020 dividend period for its floating rate preferred shares.  The rates, together with the dividends per share payable for such period (if and when declared), are set forth below:Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.For further information contact: John Varnell, Vice President, Corporate Development,...

MONTREAL, June 01, 2020 (GLOBE NEWSWIRE) — (TSX-V: FRO.UN) Fronsac Real Estate Investment Trust (“Fronsac”) is pleased to announce the acquisition of two properties through a joint venture in which it owns 75%.The first property is an Ultramar service station and convenience store. It is located in Trois Rivières, Qc. Total consideration paid for the property was $1,450,000 (excluding transaction costs) and was settled in cash.The second property is an Ultramar service station with a convenience store and a Subway restaurant. The property is located in Bécancour, Qc. This property is slated for redevelopment and the project is expected to commence in the coming weeks. A portion of the property will be demolished and rebuilt in order to better suit the needs of customers. The total costs of this project are estimated at $2,500,000...

MONTRÉAL, 01 juin 2020 (GLOBE NEWSWIRE) — (TSX – V : FRO.UN) Fiducie de Placement Immobilier Fronsac (« Fronsac ») est heureuse d’annoncer l’acquisition en coentreprise de deux propriétés dans laquelle elle détient une participation de 75%.La première propriété abrite une station-service Ultramar avec un dépanneur. Elle est située à Trois-Rivières, Qc. La contrepartie versée est de 1 450 000$ (excluant les frais de transaction) et elle a été payée comptant.La deuxième propriété abrite une station-service Ultramar avec un restaurant Subway. Elle est située à Bécancour, Qc. La propriété sera redéveloppée et le début des travaux est prévu pour les prochaines semaines. Une partie de l’immeuble sera démolie et rebâtie afin de mieux servir les clients. Le coût total du projet est estimé à 2 500 000$ et la livraison est prévue pour...

HOUSTON, June 01, 2020 (GLOBE NEWSWIRE) — Era Group Inc. (NYSE:ERA) (“Era”) announced today that on June 1, 2020, the Board of Directors of Era (the “Board”) approved an amendment to the Amended and Restated Certificate of Incorporation of Era to effect a reverse stock split of the issued and outstanding shares of common stock of Era in connection with the consummation of the proposed merger transaction involving Era and Bristow Group Inc. (“Bristow”), (the “Reverse Stock Split”). The approval of the Reverse Stock Split by the Board follows the Board’s careful evaluation of whether or not to effectuate the Reverse Stock Split, which involved consultation with Era’s management and outside advisors and Bristow. Following such evaluation, the Board has determined that the Reverse Stock Split is fair and in the best interests of the...

RAPID CITY, S.D., June 01, 2020 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its Nebraska natural gas utility, Black Hills Nebraska Gas, LLC, doing business as Black Hills Energy, filed a rate review application with the Nebraska Public Service Commission to consolidate rate schedules into a new, single statewide rate structure and to seek recovery for $450 million of infrastructure investments in its 13,000-mile natural gas pipeline system. These investments were made to maintain and improve safety and reliability, and to support customer and community growth for its approximate 300,000 Nebraska customers. The rate review requests $17 million in new revenue to recover the company’s investments.Over the past two years, the company has led efforts to simplify its processes and better serve customers through...

REDWOOD CITY, Calif., June 01, 2020 (GLOBE NEWSWIRE) — Guardant Health, Inc. (Nasdaq: GH) (“Guardant Health”), a leading precision oncology company focused on helping conquer cancer globally through use of its proprietary blood tests, vast data sets and advanced analytics, announced today the commencement of a proposed underwritten public offering of 10,000,000 shares of its common stock (3,000,000 of which are being offered for sale by Guardant Health and 7,000,000 are being offered for sale by SoftBank Investment Advisers). In addition, Guardant Health and SoftBank Investment Advisers expect to grant the underwriter a 30-day option to purchase up to 1,500,000 additional shares of common stock (450,000 additional shares from Guardant Health and 1,050,000 additional shares from SoftBank Investment Advisers) at the public offering...

ST. JOHN’S, Newfoundland and Labrador, June 01, 2020 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX: FTS) announced today that 267,341 of its 7,024,846 issued and outstanding Cumulative Redeemable Five-Year Fixed Rate Reset First Preference Shares, Series H (“Series H Shares“) were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preference Shares, Series I (“Series I Shares“) and that 907,577 of its 2,975,154 Series I Shares were tendered for conversion, on a one-for-one basis, into Series H Shares. As a result of the conversion, Fortis has 7,665,082 Series H Shares and 2,334,918 Series I Shares issued and outstanding. The Series H Shares and the Series I Shares will continue to be listed on the Toronto Stock...