Day: February 19, 2021

Fourth Quarter Highlights:Diversified operating platform with a multifamily focus that continues to produce strong distributable earnings and dividends in all cyclesGAAP net income of $0.80 and distributable earnings of $0.49 per diluted common share1Raised cash dividend on common stock to $0.33 per share, our third consecutive quarterly increaseContinued strong performance from our residential mortgage banking joint venture generating pretax income of $19.6 millionRaised $105 million of accretive growth capital through the issuance of common sharesAgency Business:Segment income of $70.9 millionRecord loan originations of $2.75 billion, an 87% increase over last quarterServicing portfolio of $24.63 billion representing 9% growth in the current quarterStructured Business:Segment income of $39.9 millionPortfolio growth of 7% on $985.2 million...

EDMONTON, Alberta, Feb. 19, 2021 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) today released financial results for the quarter ended December 31, 2020.HighlightsGenerated net cash flows from operating activities of $159 million and adjusted funds from operations (AFFO) of $86 million in the fourth quarter of 2020Generated net income of $1 million and adjusted EBITDA of $220 million in the fourth quarter of 2020Announced decision to be off coal in 2023Full notice to proceed on the repowering of Genesee 1 and 2 that will add 560 megawatts when repowering is completed in 2023 and 2024Executed 20-year contracts for three new solar development projects in North CarolinaExecuted a 25-year power purchase agreement for Strathmore Solar project in AlbertaProceeding with the Enchant Solar project in Alberta with commercial operations...

Houston, Feb. 19, 2021 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $129 million for the fourth quarter of 2020, which equated to $0.29 per diluted common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $188 million.Total cash available for distribution was $162 million, approximately $1 million lower than the prior quarter. The Partnership was impacted by late season storms in the Gulf of Mexico, planned turnaround activities and the continuing effects of the COVID-19 pandemic. However, these headwinds were largely offset by increased throughput on the Zydeco system, as well as on certain...