Peyto Returns To Profitability With Q4 2020 Results

Written by Customer Service on March 3, 2021. Posted in Public Companies.

CALGARY, Alberta, March 03, 2021 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) today reports operating and financial results for the fourth quarter and 2020 fiscal year. A 55% operating margin1 combined with record low $2.07/Mcfe total supply cost (PDP FD&A plus Total Cash Costs) helped the Company endure the lowest realized commodity prices in Company history. Annual Return on capital employed (“ROCE”) and Return on equity (“ROE”) were 0% and -2%, respectively, despite fourth quarter earnings of $66 million or $0.40/share.Full Year and Q4 2020 Highlights:Low Cash Costs of $1.01/Mcfe (or $0.88/Mcfe before royalties) – Full year 2020 total cash costs of $1.01/Mcfe continue to be the lowest in the industry and when combined with a realized price of $2.23/Mcfe ($13.38/boe), resulted in...

Dundee Precious Metals Provides Update to Tsumeb Operations

Written by Customer Service on March 3, 2021. Posted in Public Companies.

TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Dundee Precious Metals Inc. (TSX: DPM) (the “Company”) today announced an update to the planned Ausmelt furnace maintenance at the Company’s Tsumeb smelter in Namibia. The shutdown commenced as scheduled during the first quarter, although slightly ahead of plan following a decision to bring the timeline forward to ensure a safe and orderly maintenance process.Originally planned for 30 days, the shutdown is now expected to extend for up to 40 days, with a return to full operations targeted for the end of March. The revised timeline reflects COVID-19 related safety protocols and travel restrictions, as well as a decision to increase the scope of the maintenance work after encountering water in the furnace during the course of the maintenance work. All necessary materials and contractors for...

Firm Capital Property Trust Announces 100% Return of Capital For 2020 Distributions

Written by Customer Service on March 3, 2021. Posted in Public Companies.

TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”) (TSXV : FCD.UN) is pleased to announce that its distributions for 2020 were tax efficient to unitholders as it delivered a 100% return of capital.The Trust would also like to remind investors that distributions have been raised eight times in eight years and represents a cumulative increase of 45.7% or 4.0% on an annualized basis since the Trust’s inception in 2012. As well, over this same period, the Trust has delivered an average 95% return of capital.Further information about the Trust can be found by selecting the Firm Capital Property Trust link at www.firmcapital.com.ABOUT FIRM CAPITAL PROPERTY TRUSTFirm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing...

Firm Capital Apartment Real Estate Investment Trust Announces 100% Return of Capital for 2020 Distributions and Trust Unit Purchases

Written by Customer Service on March 3, 2021. Posted in Public Companies.

All amounts in US Dollars unless otherwise stated.TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to announce that its distributions for 2020 were tax efficient to unitholders as it delivered a 100% return of capital. The 100% return of capital is in excess of the 85% projected when the Trust converted from a Corporation at the beginning of 2020.In addition, senior management and the board of trustees of the Trust have purchased 105,865 Trust Units of the Trust in the market at a weighted average price of US$5.90 per Trust Unit over the past month. As a result, senior management and the board of trustees now control approximately 27% of the Trust.Based on the current trading price of US$6.35 per Trust Unit, the current distribution...

Element Reports Resilient Fourth Quarter and 2020 Results, Completes $200+ Million Transformation and Kicks-Off 2021 with Significant Client Wins

Written by Customer Service on March 3, 2021. Posted in Public Companies.

Amounts in $CAD unless otherwise notedQ4 adjusted operating income increased $3.1 million quarter-over-quarter to $132.1 million; equivalent to $0.23 on a per share basis and translating to $0.25 of free cash flow per shareFull-year 2020 adjusted operating income totaled $501.5 million; equivalent to $0.85 on a per share basis – essentially flat year-over-year in spite of COVID-19Transformation program completed, reaching $208 million of run-rate profit improvements actioned and delivering $133 million of operating income enhancement in 2020Element returned to sub-6.0x tangible leverage in Q4, achieving 5.74x at year-end while repurchasing 762,100 common shares for cancellation in the month of December pursuant to the Company’s normal course issuer bid (NCIB)Subsequent to year-end, Element repurchased aggregate 3,588,500 common shares...

The Onex Group Completes Secondary Offering of JELD-WEN

Written by Customer Service on March 3, 2021. Posted in Public Companies.

All amounts in U.S. dollars unless otherwise statedTORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Onex Corporation (“Onex”) (TSX: ONEX) today announced Onex Partners III (the “Fund”) and certain co-investors, including Onex (the “Onex Group”), have completed the sale of 8 million shares of JELD-WEN Holding, Inc. (“JELD-WEN”) (NYSE: JELD) common stock at a price of $28.61 per share. JELD-WEN is one of the world’s largest door and window manufacturers.Gross proceeds to the Onex Group will be approximately $229 million, of which Onex’ share will be approximately $57 million as a Limited Partner in the Fund and as a co-investor. The Onex Group will continue to hold approximately 24.9 million shares of JELD-WEN for an economic interest of approximately 25%, of which Onex’ share will be approximately 6.2 million shares for an approximately...

Osmotica to Present at Barclays Global Healthcare Conference 2021

Written by Customer Service on March 3, 2021. Posted in Public Companies.

BRIDGEWATER, N.J., March 03, 2021 (GLOBE NEWSWIRE) — Osmotica Pharmaceuticals plc (Nasdaq: OSMT) (“Osmotica” or the “Company”), a fully integrated biopharmaceutical company, announced today that Brian Markison, Chief Executive Officer, and Andrew Einhorn, Chief Financial Officer, will present at the Barclays Global Healthcare Conference 2021 as follows:About Osmotica Pharmaceuticals plcOsmotica Pharmaceuticals plc (Nasdaq: OSMT) is a fully integrated biopharmaceutical company focused on the development and commercialization of specialty products that target markets with underserved patient populations. The company has a diverse portfolio consisting of promoted and non-promoted products, several of which incorporate Osmotica’s proprietary Osmodex® drug delivery system. RVL Pharmaceuticals, Inc. is the Company’s ophthalmic subsidiary...

Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.1044 Per Share

Written by Customer Service on March 3, 2021. Posted in Public Companies.

TORONTO, March 03, 2021 (GLOBE NEWSWIRE) — Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1044 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on March 26, 2021 to stockholders of record at the close of business on March 15, 2021 (ex-dividend on March 12, 2021). The price of shares issued for reinvestment will be determined on March 19, 2021.The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values (“NAVs”), with the fourth quarter distribution being the greater of 1.50% of the...

Environmental Impact Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants

Written by Customer Service on March 3, 2021. Posted in Public Companies.

New York, NY , March 03, 2021 (GLOBE NEWSWIRE) — Environmental Impact Acquisition Corp. (the “Company”) announced today that, commencing March 8, 2021, holders of the 20,700,000 units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on the Nasdaq Stock Market LLC under the symbols “ENVI” and “ENVIW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on the Nasdaq Stock Market LLC under the symbol “ENVIU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate...

W&T Offshore Announces Fourth Quarter and Full Year 2020 Results Including Year-End 2020 Proved Reserves and Provides 2021 Guidance

Written by Customer Service on March 3, 2021. Posted in Public Companies.

HOUSTON, March 03, 2021 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2020 including the Company’s year-end 2020 reserves report and 2021 guidance.Key highlights included:Produced 38,261 barrels of oil equivalent per day (“Boe/d”), or 3.5 million barrels of oil equivalent (“MMBoe”) (47% liquids), in the fourth quarter of 2020, above the high end of W&T’s guidance range, reflecting an 11% increase from the third quarter of 2020 as production was brought back online from hurricane and other unplanned downtime;Reported net income for full year 2020 of $37.8 million or $0.26 per share, and a net loss of $8.9 million or $0.06 per share in the fourth quarter of 2020;Reported Adjusted Net Loss1 of $22.9 million...

Day: March 3, 2021

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