Month: January 2021

Fourth Quarter 2020 HighlightsNet Earnings of $116.8 Million, or $0.99 Per Diluted ShareStrong Pre-Provision, Pre-Tax Net Revenue (“PPNR”) of $163.4 MillionProvision for Credit Losses of $10.0 Million in Q4 Compared to $97.0 Million in Q3Core Deposits Up $1.1 Billion or 5% in Q4; Represents 89% of Total DepositsStrong Capital Position – CET1 Ratio of 10.53%Full Year 2020 HighlightsExcluding Goodwill Impairment, Net Earnings of $232.4 Million, or $1.97 Per Diluted ShareNet Loss of $1.24 Billion, or $(10.61) Per Diluted Share Due to $1.47 Billion Goodwill ImpairmentStrong Pre-Provision, Pre-Tax Net Revenue (“PPNR”) of $646.6 MillionProvision for Credit Losses of $339.0 Million Compared to $22.0 Million in 2019Core Deposits Up $6.1 Billion or 38% in 2020Strong Capital Position – Increased CET1 Ratio 75 Basis Points to 10.53% in 2020Increased...

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESTORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — Dream Industrial REIT (TSX: DIR.UN) (“Dream Industrial”, “DIR”, or the “Trust”) today announced an update on its capital deployment and financing activity.ROBUST ACQUISITION ACTIVITYSince the end of Q3 2020, the Trust has closed, waived conditions, or is currently in exclusive negotiations on over $465 million of high-quality acquisitions across its target markets in Canada, Europe and the U.S. The acquisitions comprise 20 assets totalling 2.9 million square feet of gross leasable area (“GLA”), with a weighted...

ROSEMONT, Ill., Jan. 20, 2021 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced net income of $101.2 million or $1.63 per diluted common share for the fourth quarter of 2020, a decrease in diluted earnings per common share of 2% compared to the third quarter of 2020 and an increase of 13% compared to the fourth quarter of 2019. The Company recorded net income of $293.0 million or $4.68 per diluted common share for the year ended December 31, 2020 compared to net income of $355.7 million or $6.03 per diluted common share for the same period of 2019.Highlights of the Fourth Quarter of 2020:Comparative information to the third quarter of 2020Total assets increased by $1.3 billion.Total loans, excluding Paycheck Protection Program (“PPP”)...

PERTH, Western Australia, Jan. 20, 2021 (GLOBE NEWSWIRE) — Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) reports on its activities for the three months’ period ended December 31, 2020 (the “Quarter”). An executive summary is provided below. However, full details of activities in the December Quarter, including reconciled production and all-in site cash costs, are included in the Company’s December 2020 Quarterly Activity Report released to the market on January 21, 2021. The full report is available for download from www.perseusmining.com, www.asx.com.au and www.sedar.com.Executive Summary

SAN DIEGO, Jan. 20, 2021 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today the tax treatment of its 2020 dividend distributions as follows:Security Descriptions:   Common StockCUSIP:   024013104Ticker Symbol:   AATThe Company did not incur any foreign taxes during 2020. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of the Company’s dividend distributions and the information contained herein.About American Assets Trust, Inc.        American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential...

Not for distribution to U.S. newswire services or for dissemination in the United States.TORONTO, Jan. 20, 2021 (GLOBE NEWSWIRE) — (TSX: LBS, LBS.PR.A) Life & Banc Split Corp. (the “Company”) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). Gross proceeds of the offering are expected to be approximately $53.8 million. The offering is expected to close on or about January 27, 2020 and is subject to certain closing conditions. The Company has granted the Agents (as defined below) an over-allotment option, exercisable for 30 days following the closing date of the offering, to purchase up to an additional 15% of the number of Class A Shares and Preferred Shares issued at the closing of the offering.The Class A Shares...

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) — Rotor Acquisition Corp. (the “Company”) announced today that it consummated its upsized initial public offering of 27,600,000 units, including the full 3,600,000 units subject to the underwriters’ over-allotment option, at $10.00 per unit, generating total proceeds of $276,000,000. The units were listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “ROT.U” and began trading on Friday, January 15, 2021,. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading,...

PHILADELPHIA, PA, Jan. 20, 2021 (GLOBE NEWSWIRE) — FinTech Acquisition Corp. V (NASDAQ: FTCVU) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that the holders of the Company’s units may elect to separately trade the Class A common shares and warrants underlying the units commencing on January 25, 2021. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol “FTIVU” and the Class A common shares and warrants are expected to trade under the symbols “FTIV” and “FTIVW”, respectively.A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on December 3, 2020. This press release shall not constitute an offer to sell or the solicitation...