Day: August 10, 2020

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the “Fund”) is pleased to announce that the board of directors has approved an extension of the maturity date of the Class A and Preferred shares of the Company.  The current maturity date of June 30, 2021 will be extended for an additional period of three to five years. The new term and the proposed rate for the preferred share dividend for the new term will be announced at least 60 days prior to the current June 30, 2021 maturity date.  The preferred share dividend rate for the extended term will be based on market yields for preferred shares with similar terms at that time.   The extension of the term of the Fund is not expected to be a taxable event. The Fund invests in an actively managed portfolio of equity securities of large...

TORONTO, Aug. 10, 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 the release of its financial results for the second quarter ended June 30, 2020 and that it has declared a quarterly cash dividend of $0.05 per share.HIGHLIGHTSQuarterly sales, net income down due to COVID-19 related shutdownsNear breakeven adjusted EBITDA(1) in second quarterBalance sheet ended the quarter strong, with strong liquidity positionRestart going very well; strong third quarter anticipatedDividend of $0.05 per share declaredOVERVIEWPat D’Eramo, President and Chief Executive Officer, stated: “Our second quarter was difficult with lower sales and...

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or the “REIT”) (TSX: ERE.UN) announced today its results for the three and six months ended June 30, 2020.SECOND QUARTER 2020 HIGHLIGHTSAs at June 30, 2020, the fair value of the REIT’s property portfolio increased to €1.36 billion, consisting of €1.25 billion in multi-residential properties located in the Netherlands and €0.11 billion in commercial properties located in Germany, Belgium and the Netherlands, resulting in a gain of €25.4 million for the 6-month period.NOI increased by 144% for the six months ended June 30, 2020 compared to the same period last year, primarily due to contribution from acquisitions and higher monthly rents, while NOI margin on the total portfolio remained strong at 76.1% compared...

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Jade Power Trust (“Jade Power” or the “Trust”) (TSXV:JPWR.UN) today announces that is has completed the sale of its Vistea (Suha) hydro project. As provided in the Trust’s public filings, Suha ceased operations in the second quarter of 2018 and has been classified as a discontinued operation for the purposes of the Trust’s financial statements.  The purchase price for the sale is an amount equal to 20% of the annual free cash, if any, generated by the hydro project for a period of five years. Mr. J. Colter Eadie, Chief Executive Officer of Jade Power, commented: “We are pleased to have disposed of the Suha hydro project as it has been a money losing operation and a cash and management drain for almost two years.  The savings will be better utilized in the Trust’s ongoing operations and allows...

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) announced the results of voting at the Annual and Special Meeting of shareholders (“the Meeting”) held today, August 10, 2020.The Company’s shareholders voted in favour of all matters brought before the Meeting. All the director nominees set out in the management information circular dated June 30, 2020 were elected as directors, to serve until the next meeting of shareholders of the Company. Details of voting are as follows:The Company’s shareholders also approved the following resolutions: (1) Appointment of PricewaterhouseCoopers LLP as auditors; (2) Approval of the 2020 Amended and Restated Stock Option Plan; (3) Approval of the Equity-Based Share Unit Plan; and (4) Ratification of the Shareholders Rights Plan.Mr. Faught,...

CARLSBAD, Calif., Aug. 10, 2020 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (“Acutus”) (Nasdaq: AFIB),  today announced the closing of its initial public offering of 10,147,058 shares of common stock, which includes the exercise in full of the underwriters’ option to purchase 1,323,529 additional shares of its common stock, at a price to the public of $18.00 per share. All of the shares were offered by Acutus. The aggregate gross proceeds to Acutus from the offering were approximately $182.6 million, before deducting underwriting discounts and commissions and other offering expenses. The shares began trading on the Nasdaq Global Select Market on August 6, 2020 under the symbol “AFIB”.J.P. Morgan and BofA Securities acted as joint book-running managers. William Blair acted as book-running manager. Canaccord Genuity and BTIG acted as...

NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) — Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ: BROG), a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates (“UAE”), announced today its wholly-owned subsidiary, Brooge Petroleum and Gas Investment Company FZE (“BPGIC”), is pursuing the issuance of a new 5-year senior secured bond of up to US$200 million (with potential follow-on issuances of up to US$125 million for a maximum aggregate amount of US$325 million) in the Nordic bond market. The Company has retained Pareto Securities as Sole Manager to assist with the transaction.The net proceeds from the new bond issue are expected to be used to repay existing debt and to fund remaining capital expenditures for Phase II,...

DALLAS, Aug. 10, 2020 (GLOBE NEWSWIRE) — GWG Holdings, Inc. (Nasdaq: GWGH), an innovative financial services firm based in Dallas, today announced it will release its second quarter 2020 financial results on Friday, August 14, 2020. The Company will host a webcast on Monday, August 17, 2020 at 4:30 p.m. EDT to discuss the results.The webcast will give viewers audio and access to PowerPoint slides that illustrate points made during the call. To register for the webcast, go to http://get.gwgh.com/q22020webcastinvite.After the webcast is completed, a replay of it will be accessed at http://get.gwgh.com/q22020webcast.About GWG Holdings, Inc. GWG Holdings, Inc. (Nasdaq: GWGH) is an innovative financial services firm based in Dallas, Texas that is a leader in providing investments that are non-correlated to the traded markets, and unique...

WORCESTER, Mass., Aug. 10, 2020 (GLOBE NEWSWIRE) — Mustang Bio, Inc. (“Mustang”) (NASDAQ: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for hematologic cancers, solid tumors and rare genetic diseases, today announced financial results and recent corporate highlights for the second quarter ended June 30, 2020.Manuel Litchman, M.D., President and Chief Executive Officer of Mustang, said, “Mustang made progress on multiple fronts during the second quarter of 2020. In June, we raised gross proceeds of approximately $37.2 million in an underwritten public offering of common stock. On the clinical front, we continued to advance our robust pipeline of gene and CAR T cell therapy programs. Notably, we began enrolling patients in a Phase...

KENNETT SQUARE, Pa., Aug. 10, 2020 (GLOBE NEWSWIRE) — Genesis Healthcare, Inc. (Genesis, or the Company) (NYSE:GEN), one of the largest post-acute care providers in the United States, today announced operating results for the second quarter ended June 30, 2020 and provided an update regarding the impact of the 2019 novel coronavirus (COVID-19) pandemic on its business.“As the effects of COVID-19 persist in the United States, the Company’s primary focus continues to be on the health and safety of its patients, residents, employees and their respective families,” stated George V. Hager, Jr., Chief Executive Officer of Genesis.  “I am extremely grateful for the heroism, resolve and sacrifice of our frontline caregivers and workers fighting the pandemic, along with our dedicated regional and corporate staff who are supporting their...