Day: February 4, 2021

LA JOLLA, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) — Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that it secured $25.0 million of aggregate excess of loss reinsurance limit (“Aggregate Cover”). The Aggregate Cover incepts April 1, 2021, has an attachment point of $30.0 million and provides coverage for qualifying events within its per occurrence retention. Coverage applies across all perils including but not limited to earthquakes, hurricanes, convective storms, and floods above a qualifying level of $2.0 million in ultimate gross loss.Palomar also announced an estimated range of pretax catastrophe losses of $15.0 million to $16.5 million for the fourth quarter of 2020, and approximately $1.5 million of favorable development from third quarter 2020 storms. Fourth quarter loss estimates represent anticipated...

CHANDLER, Ariz., Feb. 04, 2021 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected and secure embedded control solutions, today announced that its Board of Directors has declared a quarterly cash dividend on its common stock of 39 cents per share. The dividend is payable on March 8, 2021 to stockholders of record on February 22, 2021. Microchip initiated quarterly cash dividend payments in the third quarter of fiscal year 2003 and has increased its dividend 66 times since its inception.“Microchip’s financial performance in the December 2020 quarter was strong driving significant cash generation and debt reduction,” said Steve Sanghi, Chief Executive Officer. “As we continue to make significant progress towards our debt reduction goals, our Board has decided to return additional...

Net sales of $1.35 billion, up 3.3% sequentially and up 5.0% from the year ago quarter. The midpoint of our guidance provided on November 5, 2020 was net sales of $1.34 billion.On a GAAP basis: record gross margin of 62.6%; operating income of $245.6 million; net income of $36.2 million; and EPS of $0.13 per diluted share. Our guidance provided on November 5, 2020 was for GAAP EPS of $0.38 to $0.45 per diluted share. Our guidance did not include the $142.1 million loss on debt settlement associated with our debt refinancing activities.On a Non-GAAP basis: record gross margin of 63.0%; operating income of $538.1 million and a record 39.8% of net sales; net income of $444.9 million and EPS of $1.62 per diluted share. Our guidance provided on November 5, 2020 was for Non-GAAP EPS of $1.51 to $1.63 per diluted share.Cash flow from operations...

VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) — Azucar Minerals Ltd. (“Azucar” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to provide an update from drilling conducted at the Porvenir Zone of the El Cobre porphyry copper-gold project in Veracruz State, Mexico. Past drilling at the Porvenir Zone has demonstrated porphyry copper-gold mineralisation beneath the surface exposure of the mineralized zone. The current drilling has been designed to better understand the distribution and extent of this mineralisation. Drilling planned for the Porvenir Zone has been completed and future drilling on the project will be planned based on a geologic review currently underway and the receipt of outstanding assay results. In the meantime a surface field work program is planned to better define several...

WILMINGTON, N.C., Feb. 04, 2021 (GLOBE NEWSWIRE) — Live Oak Bank has announced a $2.5 million investment with Cape Fear Collective designed to support affordable housing solutions in the Wilmington region. The investment is part of a broader initiative through Cape Fear Collective Ventures, a social impact investment initiative aimed at raising capital to scale solutions in affordable housing, workforce development, small business growth and transportation challenges.Live Oak’s investment has been used to acquire 20 residences to address affordable housing in downtown Wilmington and Pender County.“Live Oak is proud to invest in the city we call home, and we believe that supporting Cape Fear Collective is an innovative way to positively impact our vital local workforce and advance the socio-economic status of all the residents of our...

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.93% of the Fund’s Q4 2020 weighted average net asset value to its unitholders. This equals to approx. EUR 1.32 million in total and EUR 0.011 per unit. The pay-out also represents a 5.8% rolling distribution yield for the past 12 months based on the closing unit price of the last day of Q4 2020 on the Nasdaq Tallinn stock exchange.In Q4 2020, the Fund generated an unaudited Generated Net Cash Flow from operations of approx. EUR 2.65 million. With a reduced payout of EUR 1.32 million in light of prevailing market uncertainty, the Fund has opted to retain EUR 1.33 million of distributable cash flow. Over the past four quarters, the Fund has increased its dividend reserve to EUR 4.35 million.The Fund’s Management...

Northern Horizon Capital AS as the management company of Baltic Horizon Fund (the Fund) has approved a cash distribution of approx. 0.93% of the Fund’s Q4 2020 weighted average net asset value to its unitholders. This equals to approx. EUR 1.32 million in total and EUR 0.011 per unit. The pay-out also represents a 5.8% rolling distribution yield for the past 12 months based on the closing unit price of the last day of Q4 2020 on the Nasdaq Tallinn stock exchange.In Q4 2020, the Fund generated an unaudited Generated Net Cash Flow from operations of approx. EUR 2.65 million. With a reduced payout of EUR 1.32 million in light of prevailing market uncertainty, the Fund has opted to retain EUR 1.33 million of distributable cash flow. Over the past four quarters, the Fund has increased its dividend reserve to EUR 4.35 million.The Fund’s Management...

Northern Horizon Capital AS kui Baltic Horizon fondi (Fond) fondivalitseja võttis vastu otsuse teha osakuomanikele rahaline väljamakse ligikaudu 0.93% ulatuses Fondi 2020.a. neljanda kvartali kaalutud keskmisest puhasväärtusest. Väljamakse suurus kokku on ligikaudu 1,32 miljonit eurot, mis ühe osaku kohta on 0,011 eurot. Väljamakse viimase 12 kuu jooksev tootlus on 5.8%, mis põhineb Tallinna börsil oleva osaku neljanda kvartali viimase päeva sulgemishinnal.Fondi juhatus otsustas jaotada ainult 50% genereeritud netorahavoogudest, et väljamakse suhe oleks kooskõlas varasema, COVID-19 pandeemia esimese laine jooksul tehtud väljamaksega. Fondivalitseja usub, et väljamakse summa vähendamine on kõigi osakuomanike ja seotud osapoolte huvides. Vähenenud väljamakse jaotamine parandab Fondi likviidsust, mis peaks pakkuma täiendavat turvalisust...

HUNTINGTON BEACH, CA, Feb. 04, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — One World Universe Inc. (OTC: OWUV), a publicly traded company that invests in sports memorabilia, distressed assets, business opportunities within emerging industries and providing humanitarian efforts in over 185 countries, has announced they are opening a corporate office in the country of Mexico.One World Universe management has decided it was in their best interest to open an office in Mexico to assist with future corporate functions and humanitarian efforts.  As the foundation moves forward, the new location will allow the company to have their feet on the ground and a firm grasp on the future.“As we move into the future and we set our sights on a long successful career at One World Universe, we are proud to announce the expansion into the country...