Shoals Technologies Group, Inc. Announces Closing of Initial Public Offering

Written by Customer Service on January 29, 2021. Posted in Public Companies.

PORTLAND, Tenn., Jan. 29, 2021 (GLOBE NEWSWIRE) — Shoals Technologies Group, Inc. (NASDAQ:SHLS) (the “Company”) today announced the closing of its upsized initial public offering of 88,550,000 shares of Class A common stock. The offering consisted of 11,550,000 shares of Class A common stock issued and sold by the Company, which included an additional 2,550,000 shares of the Company’s Class A common stock following the exercise in full of the underwriters’ option to purchase additional shares of the Company’s common stock from the Company, and 77,000,000 shares of Class A common stock sold by a parent entity of the Company controlled by funds managed by Oaktree Capital Management, L.P. (the “Selling Stockholder”), which included an additional 9,000,000 shares of the Company’s Class A common stock following the exercise in full of...

Today’s MICT filing of a resale registration statement amendment relates to the registration of a portion of the restricted shares in issue and does not reflect a new issuance of stock

Written by Customer Service on January 29, 2021. Posted in Public Companies.

MONTVALE, N.J., Jan. 29, 2021 (GLOBE NEWSWIRE) — Today MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) filed an amendment to the resale registration statement filing made on Friday, December 18, 2020. The Company wishes to clarify the purpose of the filing of the resale registration statement and this amendment. The filings were not for a new issuance of shares but were made to register a portion of the Company’s currently outstanding restricted shares from certain of its holders.About MICT MICT, Inc. (NasdaqCM: MICT) operates through its subsidiaries, GFH Intermediate Holdings Ltd. (“GFHI”) and Micronet Ltd. (“Micronet”). GFHI’s versatile proprietary trading technology platform is designed to serve a large number of high growth sectors in the global fintech space. Primary areas of focus include online brokerage...

EPCOR USA Completes Johnson Utilities Acquisition

Written by Customer Service on January 29, 2021. Posted in Mergers And Acquisitions.

PHOENIX, Jan. 29, 2021 (GLOBE NEWSWIRE) — EPCOR Water Arizona Inc., a subsidiary of EPCOR USA Inc. (EPCOR USA), has acquired the assets and operations of Johnson Utilities LLC. (Johnson Utilities), making EPCOR USA the water and wastewater service provider for one of the fastest-growing regions in the United States.Regulatory approval for the transfer of ownership was received from the Arizona Corporation Commission (ACC) on December 22, 2020. The financial transaction and transfer of ownership from Johnson Utilities to EPCOR was completed January 29, 2021.Recognizing the potential of the San Tan Valley, George Johnson founded Johnson Utilities in 1997. Under George Johnson’s ownership of Johnson Utilities, the area experienced significant growth.Now known as the San Tan water and wastewater districts, EPCOR’s newest service areas...

New York Mortgage Trust Announces Tax Treatment of 2020 Dividend Distributions

Written by Customer Service on January 29, 2021. Posted in Public Companies.

NEW YORK, Jan. 29, 2021 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) today announced the following tax treatment of common and preferred stock dividends declared in 2020. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions of taxable income by the Company.Stockholders should review the 2020 tax statements received from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Also, as each stockholder’s tax situation may be different, stockholders are encouraged to consult with their own professional tax advisor with respect to their specific tax treatment of the Company’s dividend distributions.The Company’s dividend distributions per share of...

Emclaire Financial Corp Reports Earnings for 2020; Announces Annual Meeting Date

Written by Customer Service on January 29, 2021. Posted in Public Companies.

EMLENTON, Pa., Jan. 29, 2021 (GLOBE NEWSWIRE) — Emclaire Financial Corp (NASDAQ:EMCF), the parent holding company of The Farmers National Bank of Emlenton, reported consolidated net income available to common stockholders of $6.6 million, or $2.41 per diluted common share, for the year ended December 31, 2020, a decrease of $1.2 million, or 15.6%, from $7.8 million, or $2.86 per diluted common share, reported for the year ended December 31, 2019. The decrease in net income was largely driven by an increase in the provision for loan losses resulting from record loan growth and current economic uncertainties related to the COVID-19 pandemic.William C. Marsh, Chairman, President and Chief Executive Officer of the Corporation and the Bank, noted, “Despite the most unusual and operationally challenging year, we are extremely pleased...

FNCB Bancorp, Inc. Reports Earnings Increase for 2020 of 39% and Announces Authorization of Stock Repurchase Program

Written by Customer Service on January 29, 2021. Posted in Public Companies.

DUNMORE, Pa., Jan. 29, 2021 (GLOBE NEWSWIRE) — FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of Dunmore-based FNCB Bank (the “Bank”), today reported net income for 2020 of $15.3 million, or $0.76 per basic and diluted share, compared to net income of $11.1 million, or $0.56 per basic and diluted share, for 2019. The $4.2 million, or 38.6%, increase in earnings was due to increases of $3.9 million in net interest income and $1.6 million in non-interest income and a $0.8 million reduction in non-interest expense. Partially offsetting these positive factors were increases in the provision for loan and lease losses and income tax expense of $1.1 million and $0.9 million, respectively. Net income for the fourth quarter of 2020 was $5.2 million, or $0.26 per basic and diluted share, an increase of $1.7 million, or 47.8%, compared...

Power REIT Announces 2020 Dividend Income Tax Treatment

Written by Customer Service on January 29, 2021. Posted in Public Companies.

Old Bethpage, NY, Jan. 29, 2021 (GLOBE NEWSWIRE) — Power REIT (“Power REIT,” “we,” “our,” or the “Company;” NYSE American: PW and PW.PRA), today announced the estimated Federal income tax treatment of the Company’s 2020 distributions on its 7.75% Series A Preferred Stock (CUSIP # 73933H200).The Federal income tax classification of the distribution per share on the Company’s 7.75% Series A Preferred Stock with respect to the calendar year ended December 31, 2020 is shown in the table below:Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code.Stockholders...

Freddie Mac Issues Monthly Volume Summary for December 2020

Written by Customer Service on January 29, 2021. Posted in Public Companies.

MCLEAN, Va., Jan. 29, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for December 2020, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac, and Freddie Mac’s blog FreddieMac.com/blog.MEDIA CONTACT: Fred Solomon703-903-3861Frederick_Solomon@freddiemac.comINVESTOR...

Vornado Announces Certain Items to be Included in its Fourth Quarter 2020 Financial Results

Written by Customer Service on January 29, 2021. Posted in Public Companies.

NEW YORK, Jan. 29, 2021 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE: VNO) today announced that its financial results for the three months ended December 31, 2020 will include the items listed in the table below, resulting in a decrease in net income attributable to common shareholders (“net income”) of $1.10 per diluted share and an increase in FFO attributable to common shareholders plus assumed conversions (“FFO”) of $0.06 per diluted share.The above amounts are preliminary estimates. There can be no assurance that Vornado’s final results will not differ from these preliminary estimates as a result of the completion of year-end closing procedures, audit procedures, or audit adjustments, and any such changes could be material.C O N T A C TMatthew Iocco(212) 894-7000FFO is computed in accordance with the...

United States Lime & Minerals Reports Fourth Quarter and Full Year 2020 Results and Declares Regular Quarterly Cash Dividend

Written by Customer Service on January 29, 2021. Posted in Public Companies.

DALLAS, Jan. 29, 2021 (GLOBE NEWSWIRE) — United States Lime & Minerals, Inc. (NASDAQ: USLM) today reported fourth quarter and full year 2020 results: The Company’s revenues in the fourth quarter 2020 were $41.0 million, compared to $38.0 million in the fourth quarter 2019, an increase of $3.0 million, or 8.0%. For the full year 2020, the Company’s revenues were $160.7 million, compared to $158.3 million in the full year 2019, an increase of $2.4 million, or 1.5%. Carthage Crushed Limestone (“Carthage”), which the Company acquired on July 1, 2020, contributed $2.3 million and $4.6 million to the Company’s revenues for the fourth quarter and full year 2020, respectively.The increase in Company revenues in the fourth quarter 2020, compared to the fourth quarter 2019, resulted primarily from increased sales of the Company’s lime...

Day: January 29, 2021

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