Day: August 25, 2020

ST. JOHN’S, Newfoundland and Labrador, Aug. 24, 2020 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation“) (TSX/NYSE: FTS) announced today that its wholly owned subsidiary Fortis Energy (Bermuda) Ltd. (“FEBL“) has agreed to provide a standby commitment (the “Standby Commitment“) for a rights offering (the “Rights Offering“) by Caribbean Utilities Company, Ltd. (“CUC“) (TSX: CUP.U). Pursuant to the Rights Offering, CUC will issue up to an aggregate of 3,359,362 or 10% of its currently issued and outstanding Class A Ordinary Shares (the “CUC Shares“). FEBL will exercise the rights issued to it in the Rights Offering and will acquire a minimum of 1,946,032 CUC Shares at a price of US$14.24 per CUC Share for aggregate consideration of...

TORONTO, Aug. 24, 2020 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) announced today that net income to common shareholders for the six months ended June 30, 2020 was $1,624,000 as compared to net income of $1,162,000 for the six months ended June 30, 2019.The increase in the company’s earnings compared to the same period in 2019 is due principally to the additional capital invested in 2019 in commercial properties, loans receivable and forest properties.With respect to the impact of COVID-19, our businesses overall performed well in the first quarter, however our commercial properties are being impacted and we are working to mitigate the consequences.The book value of each common share increased to 59¢ at June 30, 2020 compared to 51¢ in 2019. Halmont revalues its principal assets each year in accordance with IFRS...