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Month: December 2020

Middlefield Can-Global REIT Income Fund Announces Normal Course Issuer Bid

CALGARY, Alberta, Dec. 21, 2020 (GLOBE NEWSWIRE) — Middlefield Can-Global REIT Income Fund (the “Fund”) (TSX: RCO.UN) announced that it has filed a notice with the Toronto Stock Exchange (the “TSX”) and received its approval to make a normal course issuer bid (“NCIB”). Purchases pursuant to the NCIB will be made in the open market through the facilities of the TSX. This NCIB will commence on December 28, 2020 and will terminate on December 27, 2021. In accordance with the Declaration of Trust by which the Fund is governed, market purchases pursuant to its NCIB may be effected by the Fund.The Fund had 1,770,380 units issued and outstanding as at December 14, 2020. The Fund may, during the 12 month period commencing December 28, 2020 purchase on the TSX up to 177,038 units, being 10% of the public float and may not, in any 30 day...

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CCL Industries Releases 2019 Sustainability Report

TORONTO, Dec. 21, 2020 (GLOBE NEWSWIRE) — CCL Industries Inc. (“CCL” or “the Company”) (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, released its 2019 Sustainability Report entitled “Laying the Groundwork for a Sustainable Future” covering material environmental and social responsibility issues impacting the Company. A copy of this report is available at www.cclind.com.Geoffrey T. Martin, President & Chief Executive Officer, commented, “Our Corporate Social Responsibility initiative creates a detailed and audited baseline of information to measure our total performance as a company encapsulated in an annual Sustainability Report. We expect to publish an update for 2020 in the summer of 2021. In subsequent...

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Royalty Pharma Announces Expansion of Leadership Team

NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced an expansion of its leadership team:Jim Reddoch, PhD will assume increased responsibilities with a new role of Chief Scientific Officer, which is in addition to his position as Co-Head of Research & Investments.Marshall Urist, MD, PhD has been promoted to Executive Vice President and Co-Head of Research & Investments.Sandy Balkin, PhD will join Royalty Pharma as Senior Vice President, Strategy and Analytics.Pablo Legorreta, Royalty Pharma’s founder and Chief Executive Officer, commented “We are thrilled to expand Jim’s role and promote Marshall to co-head the Research & Investments group. This team is rapidly growing and with our increased transaction activity, these new roles expand our bandwidth to better assess and execute...

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ChampionX Corporation to Transfer Stock Exchange Listing to Nasdaq

THE WOODLANDS, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) — ChampionX Corporation (NYSE: CHX) (the “Company” or “ChampionX”) today announced that it will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective December 31, 2020 after market close. ChampionX common stock is expected to begin trading as a Nasdaq-listed security on January 4, 2021. The Company will retain its current ticker symbol “CHX”.“Nasdaq is home to many of the world’s most forward-thinking companies, and our stock exchange move aligns Nasdaq’s technology and ESG leadership with our focus on delivering technology with impact to help our customers sustainably unlock energy. The transition to Nasdaq provides us with greater cost-effectiveness and access to a suite of tools and services that will...

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Pinduoduo Announces Private Placement to a Global Institutional Investor

SHANGHAI, Dec. 21, 2020 (GLOBE NEWSWIRE) — Pinduoduo Inc. (the “Company”) (NASDAQ: PDD), today announced that a global institutional investor will purchase through a private placement close to US$500 million of newly issued Class A ordinary shares of the Company, representing approximately 0.3% of the Company’s post-issuance total outstanding shares. The transaction was priced with reference to the volume-weighted average price of the last five trading days. The investor has also agreed to a six-month lock-up period with respect to the newly issued shares. The transaction is expected to close on or about December 24, 2020.The share issuance was exempted from registration under the Securities Act of 1933, as amended, (the “Securities Act”) pursuant to Section 4(a)(2) of the Securities Act regarding transactions not involving...

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Contango Oil & Gas Company and Mid-Con Energy Partners, LP Announce Unitholder Consent Deadline and Anticipated Closing Date of Merger

FORT WORTH, Texas and TULSA, Okla., Dec. 21, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (“Contango”) (NYSE American: MCF) and Mid-Con Energy Partners, LP (“Mid-Con”) (NASDAQ: MCEP) today announced that the Mid-Con consent process will conclude on January 6, 2021.On December 18, 2020, the holders of common units representing limited partner interests in Mid-Con (“Mid-Con Common Units”) which holders beneficially own a majority of the outstanding Mid-Con Common Units, and which are parties to the Voting and Support Agreement, dated as of October 25, 2020, delivered a written consent (i) adopting and approving in all respects the Merger Agreement and the transactions contemplated thereby, including the Merger and (ii) approving the amendment and restatement of the Mid-Con Energy Partners, LP Long-Term Incentive Program...

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Sykes Enterprises, Incorporated, Through Its Clearlink Subsidiary, Acquires Personal Finance Digital Media Company the Penny Hoarder

TAMPA, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) — Sykes Enterprises, Incorporated (“SYKES” or the “Company”) (NASDAQ: SYKE), a leading full life cycle provider of global customer engagement services, multichannel demand generation and digital transformation, today announced through its digital marketing subsidiary Clearlink the acquisition of Taylor Media Corporation, owner of The Penny Hoarder (“TPH”), a leading independent personal finance digital media company whose mission is delivering financial empowerment. Founded in 2010 by Kyle Taylor, St. Petersburg, Florida based TPH empowers millions of people to make smart choices with their money, by sharing actionable and inspirational advice and resources on how to make, save and manage money. Its extensive content library and expertise within personal finance has allowed TPH to partner...

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Alpine Income Property Trust Announces Acquisition of Two Single Tenant Properties Leased to Investment Grade Rated Tenants

DAYTONA BEACH, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today it has acquired, through separate transactions, two single tenant properties net leased to Walgreens and Kohl’s for a combined purchase price of $15.4 million (the “Acquisitions”). The properties were purchased at a weighted average going-in cash cap rate of 7.1% and have a weighted average remaining initial lease term of approximately 9.3 years.The Kohl’s, located in Glendale, Arizona, benefits from approximately 120,000 people in a 3-mile radius, average household incomes of approximately $89,000 and more than 45,000 vehicles per day along the West Bell Road retail corridor. The Walgreens is located in the Seattle submarket of Tacoma, Washington at an intersection that experiences almost 40,000...

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