Month: June 2020

HOUSTON, June 15, 2020 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) announced today the appointment of Nelson Haight as Senior Vice President, Chief Financial Officer and Treasurer. Mr. Haight is an accomplished professional with three decades of experience in senior level positions with public and private companies spanning such areas as finance, technology, business process systems integration, restructuring, refinancing, growth acquisitions, strategic and organizational planning and capital markets transactions, among others. In his role as Senior Vice President and Chief Financial Officer, he will be responsible for overseeing and managing all of Key’s finance, accounting, investor relations and technology responsibilities. Mr. Haight’s appointment will be effective June 15, 2020.Previously,...

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that Prem Watsa, its Chair and CEO, has advised that over the last few days he has purchased in the market 482,600 subordinate voting shares of Fairfax for an aggregate purchase cost of approximately US$148.95 million.Mr. Watsa commented as follows in connection with this purchase: “At our AGM and on our first quarter earnings release call, I said that our shares are ‘ridiculously cheap’. That statement reflected my recognition that in the 35 years since Fairfax began, I have never seen Fairfax shares sell at a bigger discount to their intrinsic value than they have recently. I have now backed up my strong words by purchasing close to US$150 million of Fairfax shares in the market over the last few days, as I believe that...

HOUSTON, June 15, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) announced today that the Company will be participating in the 2020 J.P. Morgan Energy, Power & Renewables Conference via a virtual presentation to conference participants, and virtual meetings with investors participating in the virtual conference, on Wednesday, June 17, 2020. Contango’s presentation will be at 5:00 pm Eastern Daylight Time (4:00 pm Central Daylight Time). A copy of the presentation will be available in the “Investor Relations” section of the Company’s website at http://www.contango.com prior to market opening on Wednesday, June 17, 2020.Contango Oil & Gas Company is a Houston, Texas based, independent energy company whose business is to maximize production from its shallow offshore Gulf of Mexico...

Subscribers as of June 6, 2020 totaled 4.9 million, up 7% from June 8, 2019, consisting of 3.8 million Digital Subscribers and 1.1 million Studio + Digital SubscribersDigital member signup trends accelerating since mid-April on a year-over-year weekly basis, driving Digital subscribers to an all-time high Phased reopening of certain Studio locations now underway; anticipate approximately 400 Studios in the U.S. will be open by June 30 Increased revolving credit facility commitments to $175 million, adding financial flexibilityNEW YORK, June 15, 2020 (GLOBE NEWSWIRE) — As WW International, Inc. (NASDAQ: WW) continues to advance its digital transformation, the Company today provided an update on recent membership trends and its Studio reopening plans, and announced added financial flexibility pursuant to an amendment to its revolving...

HOUSTON, June 15, 2020 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) today announced the timing of its first quarter 2020 earnings release and conference call.The Company said it will issue its first quarter 2020 earnings release on Monday, June 22, 2020, after the close of trading and host a conference call to discuss financial and operational results on Tuesday morning, June 23, 2020, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time.)Interested parties may participate by dialing (877) 270-2148.  International parties may dial (412) 902-6510.  Participants should request to be joined to the “W&T Offshore, Inc. Conference Call.”  This call will also be webcast and available on W&T Offshore’s website at www.wtoffshore.com under “Investors.”  An audio replay will be available on the Company’s website following...

PLANTATION, Fla., June 15, 2020 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company” or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for or finance pre-owned and new automobiles, today announced the hiring of William E. Myers II as Chief Financial Officer.“On behalf of LMP and its Board of Directors, I would like to welcome William “Bill” Myers to the LMP team,” said Sam Tawfik, the Company’s Chairman and Chief Executive Officer, adding that this is perfect timing given the Company’s active acquisition strategy. Mr. Myers will also bring significant mergers and acquisitions expertise as LMP explores prospective acquisitions. Mr. Myers has agreed to join LMP beginning on July 1, 2020.Mr. Tawfik also added, “Bill brings significant public company experience,...

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX-V:ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the June 2020 monthly cash distribution of €0.00875 per Unit and Class B LP Unit (the “June Distribution”), being equivalent to €0.105 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the “Unitholders”) of record on June 30, 2020, with payment on July 15, 2020.

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its June 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The June distribution will be payable on July 15, 2020 to Unitholders of record on June 30, 2020.To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.CAPREIT is one of Canada’s largest real estate investment trusts. CAPREIT owns approximately 56,800 suites, including townhomes and manufactured housing sites, in Canada and, indirectly through its investment in ERES, approximately 5,600 suites in the Netherlands....

Midland, TX, June 15, 2020 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company”), a leading provider of gas compression equipment and services to the energy industry, today announced that Charles G. Curtis, Director, retired from the Company’s Board of Directors (the “Board”) effective June 10, 2020.“On behalf of the entire NGS family, we thank Charlie for his distinguished service on our Board,” said Stephen C. Taylor, NGS Chairman, President and Chief Executive Officer. “Charlie was our longest-standing Board member, serving as Lead Director and Chairman of the Governance Committee. During his time on our Board, NGS experienced significant growth while maintaining one of the strongest balance sheets in the industry.  This track record reflects the sound judgment and advice...

CALGARY, Alberta, June 15, 2020 (GLOBE NEWSWIRE) — Northview Apartment Real Estate Investment Trust (“Northview”) (TSX:NVU.UN) announced today that holders (“Unitholders”) of its Trust Units and Special Voting Units (“Units”) have elected to receive an aggregate of 5,358,351 Class C Units of the Northview Canadian High Yield Residential Fund (“High Yield Fund Units”) as consideration under the proposed plan of arrangement pursuant to which Northview will be acquired by affiliates of Starlight Group Property Holdings Inc. (“Starlight”) and KingSett Capital Inc. (“KingSett”, and collectively, the “Purchasers”) for consideration of $36.25 per Northview Trust Unit (the “Transaction”).  This represents a total aggregate value of $66.979 million of the consideration in the Transaction being elected to be received in High Yield Fund Units,...