Month: June 2020

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced that it has declared a quarterly cash dividend of $0.05 per share payable to shareholders of record on July 15, 2020, on or about July 25, 2020.In addition, the Company announced that it had amended its lending agreements with its banking syndicate to provide enhanced financial covenant flexibility on a present and go forward basis.  The amendments in essence provide that the Company’s calculations of its most basic financial covenant, the Net Debt:LTM EBITDA ratio, for the next four quarterly calculations, would exclude EBITDA from the second quarter of...

MCLEAN, Va., June 24, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) announced today that it priced its new 0.25% three-year USD Reference Notes® security due on June 26, 2023. The issue, CUSIP number 3137EAES4, was priced at 99.708 to yield 0.348%, 14 basis points more than the yield on three-year U.S. Treasury Notes. The issue will settle on Friday, June 26, 2020.The new three-year Reference Notes security is offered via a syndicate of dealers headed by Barclays Capital Inc., J.P. Morgan Securities LLC, and TD Securities LLC. Co-managers are Academy Securities Inc., CastleOak Securities LP, MFR Securities Inc., Mischler Financial Group Inc., Multi-Bank Securities Inc., and Samuel A. Ramirez & Co. Inc.This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through...

ISELIN, N.J. and PARAMUS, N.J., June 24, 2020 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE:  PFS) (“Provident”), the parent company of Provident Bank, and SB One Bancorp (NASDAQ:  SBBX) (“SB One”), the parent company of SB One Bank, announced today the receipt of approval by the SB One shareholders in connection with the proposed merger of SB One with and into Provident (the “Merger”).  Given the receipt of approvals by the Federal Deposit Insurance Corporation and the New Jersey Department of Banking and Insurance, and the receipt of a waiver by the Board of Governors of the Federal Reserve System in lieu of an application, the parties anticipate closing  the Merger as of the close of business on July 31, 2020, subject to certain customary closing conditions.About ProvidentProvident Financial Services, Inc. (NYSE:...

HOUSTON, June 24, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) today provided the comments Cary Bounds, Chief Executive Officer will make during its upcoming 2020 Annual General Meeting that is being held at 9:00 am central time in Houston, Texas on Thursday, June 25, 2020.“First and foremost I would like to take this moment to extend my thanks to all our staff, in particular our operations personnel, who have worked tirelessly to enable VAALCO to continue to operate effectively during this challenging time of uncertainty. The fact that our operations remain largely unaffected by recent global developments is testament to the commitment and professionalism of our team and further validates our status as a quality international operator.This past year has been highly transformational for VAALCO. The success of...

COLUMBUS, Ohio, June 24, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Worthington Industries, Inc. (NYSE:WOR) today announced that B. Andrew (Andy) Rose, the Company’s President, will become President and Chief Executive Officer (CEO), effective Sept. 1, 2020, succeeding long-time Chairman and CEO John P. McConnell who will remain with the Company as Executive Chairman. “It has been my privilege to lead the Company my father founded for over 27 years,” said McConnell.  “Andy has been a member of our leadership team for the last 11 years, and I am confident that he will carry our people-first Philosophy forward and lead Worthington through its next phase of growth. Together, we have built a dynamic leadership team that will successfully drive us into the future.”As executive chairman, McConnell will continue to work with Rose,...

TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) (“Yamana” or “the Company”) will release its second quarter 2020 operational and financial results after the market close July 23, 2020, followed by a conference call and webcast on July  24, 2020, at 9:00 am ET.Second Quarter 2020 Conference CallThe conference call replay will be available from 12:00 p.m. ET on July 24, 2020, until 11:59 p.m. ET on August 14, 2020.About YamanaYamana Gold Inc. is a Canadian-based precious metals producer with significant gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. Yamana plans to continue to build on this base through expansion and optimization initiatives at existing operating mines, development...

PARSIPPANY, NJ, June 24, 2020 (GLOBE NEWSWIRE) — Interpace Biosciences (IDXG) announced today that it will report its first quarter, 2020 financial results on Thursday, June 25, 2020 at 4:30 p.m. ET. Interpace will host a conference call and webcast to discuss the Company’s financial results and provide a general business update.The conference call can be accessed as follows:Following the conclusion of the conference call, a replay will be available through July 9, 2020. The live, listen-only webcast of the conference call may also be accessed by visiting the Investors section of the Company’s website at www.interpacediagnostics.com. A replay of the webcast will be available following the conclusion of the call and will be archived on the Company’s website for 90 days.About Interpace BiosciencesInterpace Biosciences is a leader...

DAYTONA BEACH, Fla., June 24, 2020 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced the acquisition of a net-leased retail income property for a purchase price of approximately $8.0 million, representing a going-in cap rate of 6.68%.The Company acquired an approximately 55,000 square foot building leased to Hobby Lobby, situated on over four acres, with approximately 11 years remaining on the lease term that includes contractual rent escalations every five years.  The property, developed in 2016, is in the Asheville, North Carolina MSA.Including this single-tenant net leased retail income property, the Company’s portfolio now consists of 30 properties located in 20 markets and 13 states across 14 industries, with a weighted average remaining lease term of 8.7 years.  The Company has acquired...

LEXINGTON, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Translate Bio, Inc. (Nasdaq: TBIO), a clinical-stage messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat diseases caused by protein or gene dysfunction, today announced that it has commenced an underwritten public offering of $125.0 million of its common stock. In addition, Shire Human Genetic Therapies, Inc. (Shire), a subsidiary of Takeda Pharmaceutical Company Limited, is offering 6,824,992 shares of Translate Bio’s common stock in the offering. Translate Bio will not receive any proceeds from the sale of the shares by Shire. Translate Bio also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the base shares of common stock offered in the public offering.Goldman Sachs &...