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Day: July 15, 2020

Melcor REIT announces July distribution of $0.03 per unit, July rent collection update

EDMONTON, Alberta, July 15, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX: MR.UN) today announced that the Trustees of the REIT have declared cash distributions of $0.03 per unit for the month of July.The July distribution will be payable as follows:The REIT also updated unitholders on collections to date in the quarter. We have received 86% of April rent, 80% of May rent, 78% of June rent and 78% of July rent. Melcor is applying for the Canadian Emergency Commercial Rent Assistance (CECRA) program on behalf of tenants; however, no applications have been processed to date and the REIT is uncertain how many tenants will meet eligibility requirements.Melcor REIT announced that results for the second quarter ended June 30, 2020 will be released on August 6, 2020 after market close. Management will host a conference...

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Clairvest Update on DMS SPAC Transaction

TORONTO, July 15, 2020 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) today announced that Digital Media Solutions Holdings, LLC, a portfolio company of Clairvest Group Inc. (“Clairvest”), and Clairvest Equity Partners V ( “CEP V”), completed the previously announced business combination with Leo Holdings Corp. (NYSE: LHC) (“Leo”), a publicly-traded special purpose acquisition company. Upon completion of the business combination, Leo changed its name to Digital Media Solutions, Inc. (“DMS”), and its Class A common stock and warrants are expected to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “DMS” and “DMS WS” respectively, commencing on July 16, 2020.Upon the completion of the transaction, Clairvest and CEP V will receive cash proceeds totaling approximately US$7.9 million and US$18.5 million...

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CAPREIT Sells Non-Core Calgary Townhome Property

TORONTO, July 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has sold an affordable sector 188-suite townhome property located in Calgary, Alberta for $30.5 million. CAPREIT acquired the Queen’s Park Village Townhomes in December 2002.“As a key component of our value enhancing strategies, we are constantly evaluating our entire asset base to ensure all our properties are generating strong and stable returns for our Unitholders,” commented Mark Kenney, President and CEO. “We believe we have maximized the value we could achieve with this non-core property. The proceeds from the sale will provide added liquidity, which can be better utilized in more accretive growth opportunities.”ABOUT CAPREITCAPREIT is one of Canada’s largest real estate...

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Post Holdings Schedules Third Quarter Fiscal Year 2020 Conference Call

ST. LOUIS, July 15, 2020 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it will hold a conference call on Friday, August 7, 2020 at 9:00 a.m. EDT to discuss financial results for the third quarter of fiscal year 2020 and fiscal year 2020 outlook and to respond to questions. Robert V. Vitale, President and Chief Executive Officer, and Jeff A. Zadoks, Executive Vice President and Chief Financial Officer, will participate in the call.Post also announced it plans to release its financial results for the third quarter after market close on Thursday, August 6, 2020.Interested parties may join the conference call by dialing (877) 540-0891 in the United States and (678) 408-4007 from outside of the United States. The conference identification number is 9687370. Interested parties...

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BellRing Brands Schedules Third Quarter Fiscal Year 2020 Conference Call

ST. LOUIS, July 15, 2020 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) today announced it will hold a conference call on Friday, August 7, 2020 at 10:30 a.m. EDT to discuss financial results for the third quarter of fiscal year 2020 and fiscal year 2020 outlook and to respond to questions. Darcy H. Davenport, President and Chief Executive Officer, and Paul A. Rode, Chief Financial Officer, will participate in the call.BellRing also announced it plans to release its financial results for the third quarter after market close on Thursday, August 6, 2020.Interested parties may join the conference call by dialing (833) 954-1568 in the United States and (409) 216-6583 from outside of the United States. The conference identification number is 9248828. Interested parties are invited to listen to the webcast of the conference call,...

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Sotherly Hotels Inc. Schedules Second Quarter 2020 Earnings Release and Conference Call

WILLIAMSBURG, Via., July 15, 2020 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2020 prior to the market opening on Monday, August 10, 2020. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s second quarter 2020 results. The information to be discussed on the call will be contained in the Company’s earnings release, which will be available via the Company’s website at www.sotherlyhotels.com in the Investors section under Financial Information.The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 888-339-0107 (United...

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GCP Applied Technologies Announces Release Date for Second Quarter 2020 Results

CAMBRIDGE, Mass., July 15, 2020 (GLOBE NEWSWIRE) — GCP Applied Technologies Inc. (NYSE:GCP), a leading global provider of construction products technologies, today announced that it expects to release its second quarter 2020 results at 6:00 a.m. ET on Wednesday, August 5, 2020. President and Chief Executive Officer Randy Dearth and Interim Chief Financial Officer Craig Merrill will host a conference call to discuss the results later that day at 10:00 a.m. ET.The live webcast may be accessed by visiting the “Events and Presentations” section of the company’s website at investor.gcpat.com. The call may also be accessed by dialing +1 844-887-9408 in the U.S. or +1 (412) 317-9261 internationally. Participants should ask to join the GCP Applied Technologies earnings call.For those unable to listen to the live conference call, a playback...

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Goodfood Announces $35 Million Bought Deal Public Offering of Common Shares

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.MONTREAL, July 15, 2020 (GLOBE NEWSWIRE) — Goodfood Market Corp. (“Goodfood” or the “Company”) (TSX: FOOD), a leading online grocery company in Canada, announced today that it has entered into an agreement with a syndicate of underwriters co-led by Desjardins Capital Markets and Stifel GMP (together, the “Co-Lead Underwriters”, and collectively with the syndicate of underwriters, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase from the Company 4,135,000 common shares of the Company (the “Treasury Shares”), and from Messrs. Jonathan Ferrari, Chairman and Chief Executive Officer of the Company, Neil Cuggy, President and Chief Operating Officer of the Company, Raffi Krikorian, Vice President, Merchandising of the Company,...

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The New England Journal of Medicine Publishes Results from Positive Phase 2b Trial of Arcutis’ ARQ-151 (Topical Roflumilast Cream) for the Treatment of Chronic Plaque Psoriasis

Data demonstrate potential “Best in Class” topical PDE4 inhibitor roflumilast significantly improves chronic plaque psoriasisPhase 3 topline data anticipated first half of 2021WESTLAKE VILLAGE, Calif., July 15, 2020 (GLOBE NEWSWIRE) — Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), a late-stage biopharmaceutical company focused on developing and commercializing treatments for unmet needs in immune-mediated dermatological diseases and conditions, or immuno-dermatology, announced today that The New England Journal of Medicine has published positive results from a Phase 2b trial of its investigational drug topical roflumilast cream for the treatment of chronic plaque psoriasis. The article has been published in the July 16 issue of the journal. These results demonstrate that ARQ-151 (roflumilast cream) administered once daily was superior...

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Savaria Presents a Preview of Second Quarter Results

LAVAL, Québec, July 15, 2020 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS) one of the global leaders in the accessibility industry, believes that it is important, due to the ongoing COVID-19 pandemic and unprecedented financial disturbance in the market, to provide an update to its shareholders and stakeholders with respect to its 2020 second quarter financial results.Revenue is estimated at $84.5 million, representing a decrease of 10.2% from the same quarter in 2019.  Adjusted EBITDA is estimated at $14.5 million, an increase of 2.0% when compared to the same period in 2019. For the first six months of 2020, revenue will be approximately $173 million, for a decrease of 4.7% compared to 2019. Adjusted EBITDA is expected to be approximately $26.9 million for the first six months of 2020, representing an 8.5% increase...

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