Year: 2020

BROOKFIELD, NEWS, Nov. 17, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced that it has priced a public offering of $200 million aggregate principal amount of fixed rate perpetual subordinated notes (the “notes”). The underwriters for the offering were granted an option, exercisable for 30 days from November 17, 2020, to purchase up to an additional $30 million aggregate principal amount of notes solely to cover over-allotments.The notes will have a coupon of 4.50%. The notes will be issued by Brookfield Finance I (UK) plc, an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed, on a subordinated basis, by Brookfield. The net proceeds from the sale of the notes will be used to finance and/or refinance recently completed and...

BOSTON, Nov. 17, 2020 (GLOBE NEWSWIRE) — Eagle Growth and Income Opportunities Fund (the “Fund”) (formerly NYSE: EGIF) today announced an additional liquidating distribution to its shareholders.The Fund had previously announced that the Fund’s Board of Trustees (the “Board”) determined that $29 million of the Fund’s net assets should be reserved by the Fund and not immediately distributed to the Fund’s shareholders (the “Reserve”) to provide for certain contingent liabilities of the Fund (the “Contingent Liabilities”), estimated expenses of the Fund and the estimated expenses and potential liabilities of operating a liquidating trust to hold the Reserve. On November 16, 2020, the Board reduced the amount of the Reserve to $0 in light of the elimination of the Contingent...

VICTOR, N.Y., Nov. 17, 2020 (GLOBE NEWSWIRE) —  Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Garth Hankinson, chief financial officer, will present virtually at the 2020 Morgan Stanley Conference on Wednesday, December 2, 2020. The presentation is scheduled to begin at 1:00 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, operating performance, and recent product portfolio performance, as well as outlook for the future.A live, listen-only webcast of the virtual presentation will be available on the company’s website, which can be accessed at www.cbrands.com, under the Investors/Events & Presentations section. When the presentation begins, financial information discussed in the presentation, and a reconciliation of...

London, November 17, 2020CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the appointment of Scott W. Wine as Chief Executive Officer, effective January 4, 2021. As a proven leader with considerable international experience across a variety of industries, Mr. Wine has a track record of producing exceptional results.Mr. Wine joins the Company from Polaris Inc. (NYSE: PII) where he was, since 2008, Chief Executive Officer and Chairman and CEO since 2013.Prior to joining Polaris, Scott Wine held executive positions with United Technologies Corporation, Danaher Corp. and Allied Signal Corp., which became Honeywell International, Inc. after a 1999 merger. He also served as a United States naval officer. Mr. Wine brings extensive expertise in mergers and acquisitions in the U.S.A, Europe and Asia.“The Board is delighted at the appointment...

TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Granite Real Estate Investment Trust (“Granite” or “the REIT”) (TSX: GRT.UN / NYSE: GRP.U) announced today that it has completed or entered into exclusive negotiations on over C$564 million in acquisitions of four assets in the United States and four assets in the Netherlands, including the previously announced acquisition of a warehouse distribution facility located on 8500 Tatum Road, Atlanta, Georgia for C$107 million (US$80.3 million) which closed on November 12, 2020 (the “Acquisitions”). The properties are located in Granite’s core distribution and logistics markets in the United States and Europe, with a total gross leasable area of approximately 5 million square feet.The REIT and Granite REIT Inc. also announced they have entered into an agreement to sell to a syndicate of underwriters...

BERKELEY, Calif., and VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) — BriaCell Therapeutics Corp. (“BriaCell“ or the “Company”) (TSX-V:BCT) (OTCQB:BCTXF), a clinical-stage biotechnology company specializing in targeted immunotherapy for advanced breast cancer, is pleased to announce that it has closed a brokered private placement (the “Offering“) of an unsecured convertible debenture unit of the Company (the “Unit“) to a single subscriber, purchased at a price of $375,000, less an original discount of approximately 29.33%, for aggregate gross proceeds of $265,000.The Unit is comprised of (A) $375,000 principal amount (“Principal Amount”) of a 5.0% convertible unsecured debenture of the Company (the “Debenture”), due on the earlier of (i) 5 years from the issue date; (ii)...

– COO Role is Key to Preparedness for NDA Filing and Commercial Launch –– Clayton Fletcher, Head of Business Development & Strategic Planning, to Retire –EXTON, Pa., Nov. 17, 2020 (GLOBE NEWSWIRE) — Idera Pharmaceuticals, Inc. (Nasdaq: IDRA; “Idera”) today announced that Daniel Soland will join Idera on January 4, 2021, as Senior Vice President and Chief Operating Officer (COO). Mr. Soland has been engaged as a consultant to Idera for nearly three years. In his role as COO, he will be responsible for commercial strategy and manufacturing as Idera plans for success in anticipation of data from its pivotal trial, ILLUMINATE-301, which are currently expected in the first quarter of 2021.“In 2021, we expect to embark on our change from a development-stage company to a commercial company. In anticipation of that, I am delighted...

MCLEAN, Va., Nov. 17, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $961 million in K Certificates (K-F92 Certificates) are expected to settle on or about November 24, 2020. The K-F92 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are currently LIBOR-based.K-F92 includes one class (Class AL) of senior bonds indexed to LIBOR and another class (Class AS) of senior bonds indexed to SOFR. Freddie Mac will provide a basis risk guarantee on Class AS that covers any floating interest rate basis risk if the value of SOFR exceeds the value of LIBOR.K-F92 PricingDetailsCo-Lead Managers and Joint...

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Prospect Capital Corporation (the “Company”) today announced that it has commenced two separate cash tender offers (each a “Tender Offer” and collectively, the “Tender Offers”) to purchase (i) up to $30,000,000 aggregate principal amount of outstanding 5.875% Senior Notes due 2023 (the “2023 Notes”), and (ii) up to $10,000,000 aggregate principal amount of outstanding 6.375% Notes due 2024 (the “2024 Notes” and together with the 2023 Notes, the “Notes”). Each Tender Offer will expire at 12:00 midnight, New York City time, on December 16, 2020 (one minute after 11:59 p.m., New York City time, on December 15, 2020), or any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended, the “Expiration Date”). The Tender Offers are made...

HAMILTON, Bermuda, Nov. 17, 2020 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ: ESGR) (“Enstar”) and Stone Point Capital LLC (“Stone Point”) today announced they have signed definitive agreements to sell StarStone Underwriting Limited (“SUL”), the Lloyd’s managing agency, together with the right to operate Lloyd’s Syndicate 1301, to Inigo Limited (“Inigo”), a new specialty re/insurance holding company.Enstar, Stone Point and Dowling funds will receive $30 million of consideration from the sale of SUL in the form of Inigo shares upon closing. In addition, Enstar and Stone Point will commit to invest up to $27 million and $18 million respectively into Inigo.Inigo is led by founders Richard Watson, Russell Merrett and Stuart Bridges and will operate as a Lloyd’s specialty insurer writing a streamlined portfolio of insurance and reinsurance...