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Month: May 2022

IBI Group Inc. Announces Results of the 2022 Annual Meeting of Shareholders

TORONTO, May 10, 2022 (GLOBE NEWSWIRE) — IBI Group Inc. (“IBI” or the “Company“) is pleased to announce the detailed voting results for the 2022 Annual Meeting (the “Meeting“) of Shareholders held virtually on May 6, 2022. The following seven nominees were elected as Directors of the Corporation to serve until the next annual meeting of shareholders of the Corporation, or until their successors are elected or appointed. The results of the vote are as follows:Name of Nominee Votes “For” % For Votes “Withheld” % WithheldScott Stewart 29,817,369 99.92% 23,207 0.08%David Thom 29,660,759 99.40% 179,811 0.60%Michael Nobrega 27,573,252 92.40% 2,267,318 7.60%John Reid 29,811,192 97.89% 629,378 2.11%Claudia Krywiak 29,367,552 98.41% 473,018 1.59%Paula Sinclair 29,207,852 97.88% 632,718 2.12%Sharon...

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Report on Voting From the 2022 Annual and Special Shareholders Meeting

CALGARY, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — (TSX – NVA) NuVista Energy Ltd. (“NuVista“) announces that the following matters were approved at the annual and special meeting of the shareholders of NuVista held on May 10, 2022. Each of the matters is described in greater detail in the Notice of Annual and Special Meeting of Shareholders and Information Circular dated March 25, 2022 (the “Circular“). 1.        Fixing the Number of Directors By resolution passed via ballot, the number of directors to be elected at the meeting was fixed at nine members. The results of the ballot were as follows:    Votes For   Percent   Votes Against   Percent    114,410,095   75.25%   37,622,903   24.75%2.        Election of Directors By resolution passed via ballot, the following nine nominees were appointed...

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Freehold Royalties Ltd. Announces Results from Annual Meeting of Shareholders

CALGARY, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold) announced today that all nominees listed in its notice of meeting and information circular dated March 23, 2022, were elected as directors of Freehold at its Annual Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold’s shareholders. The results of the votes on the director nominees are as follows:Nominee Votes For Votes Withheld  Number % Number %Gary R. Bugeaud 74,233,141 90.26 8,011,641 9.74Peter T. Harrison 80,433,166 97.80 1,811,616 2.20Maureen E. Howe 82,090,359 99.81 154,423 0.19J. Douglas Kay 65,551,144 79.70 16,693,638 20.30Arthur N. Korpach 74,227,265 90.25 8,017,517 9.75Marvin F. Romanow 82,106,942 99.83 137,840 0.17David...

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Portman Ridge Finance Corporation Announces First Quarter 2022 Financial Results

Well Positioned to Further Improve Portfolio Performance and Increase Investment Income in 2022;Refinances JPMorgan Chase Bank (“JPM”) Credit Facility and Reduces Cost of Capital Declares Quarterly Distribution of $0.63 Per Share NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the first quarter ended March 31, 2022. First Quarter 2022 HighlightsNet asset value (“NAV”) for the first quarter of 2022 remained relatively flat at $278.3 million ($28.76 per share1) as compared to $280.1 million ($28.88 per share) in the fourth quarter of 2021, despite pervasive market volatility and other macro-economic and political factors. Total investment income the first quarter of 2022 was $16.9 million, of which $13.0 million...

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Kinetik Reports Strong First Quarter 2022 Financial and Operating Results

Completed the previously announced Altus Midstream Company (“Altus”) and BCP Raptor Holdco LP (“BCP”) business combination on February 22, 2022 (“Transaction”) Due to attractive market fundamentals and strong commercial/operational execution, we now expect to exceed the top end of Kinetik’s previously announced 2022 Guidance range. At the high-end of Guidance, implied year on year EBITDA growth exceeds 15%. We intend to update 2022 Guidance in the second quarter Secured two new gathering and processing agreements with large cap, investment grade counterparties for 360 MMcf/d, underpinned by minimum volume commitments Announced Permian Highway Pipeline (“PHP”) expansion binding open season and anticipate a Gulf Coast Express (“GCX”) expansion open season will soon follow Strong operating performance and financial discipline enhanced free...

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Melcor REIT announces Change of Debenture Trustee

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. Melcor Real Estate Investment Trust (TSX:MR.UN) (the “REIT”) announced today that effective immediately, Odyssey Trust Company has replaced AST Trust Company as the debenture trustee under the Trust Indenture dated December 3, 2014 pursuant to which the REIT’s 5.25% and 5.10% Extendible Convertible Unsecured Subordinated Debentures were issued. All inquiries and correspondence relating to debentureholder records, transfer of debentures, lost certificates or change of address should be directed to Odyssey Trust Company as follows: Odyssey Trust CompanyTrader’s Bank Building702 67 Yonge StToronto, ON M5E 1J8 Phone: 1-888-290-1175Web: https://odysseycontact.com/ About...

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Orano Increases Ownership in Cigar Lake Mine

SASKATOON, Saskatchewan, May 10, 2022 (GLOBE NEWSWIRE) — Orano Canada Inc. (Orano) and Cameco Corporation (Cameco) have reached an agreement to jointly acquire Idemitsu Canada Resources Ltd.’s (Idemitsu) 7.875% ownership in the Cigar Lake Joint Venture. Orano is pleased to announce that, upon closing, this transaction will increase its share by 3.353% to a total of 40.453% of the joint venture. Cameco’s ownership will also rise to a total of 54.547% and TEPCO Resources Inc. will maintain its current 5% interest. “Orano is pleased to increase its resource base in Canada where it has been present for more than 50 years through exploration and operation of industrial facilities. Canada is an essential asset in our strategy to diversify our production which is even more important today to guarantee to our customers a security of supply...

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Logan Ridge Finance Corporation Announces the Refinancing of its Entire Legacy Capital Structure and Significantly Lowers Cost of Capital

NEW YORK, May 10, 2022 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (“LRFC” or the “Company”) (Nasdaq: LRFC) today announced the successful refinancing of its entire legacy capital structure, an important milestone and key strategic initiative for the Company. Specifically, on May 10, 2022, the Company amended its existing Senior Secured Revolving Credit Facility agreement with KeyBank (“KeyBank Credit Facility”), by increasing the initial commitment from $25.0 million to $75.0 million, with an uncommitted accordion feature that allows the Company to borrow up to an additional $125.0 million. The amended KeyBank Credit Facility has a May 10, 2027 maturity date. Borrowings under the amended KeyBank Credit Facility will bear interest at 1M Term SOFR plus 2.90% during the 3-year revolving period and 3.25% thereafter, with 0.40%...

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Maxim Power Corp. Reports Continued Strong Earnings with $36 million of Revenue and $17 million of Net Income in the First Quarter of 2022

CALGARY, Alberta, May 10, 2022 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2022. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM’s website on May 10, 2022. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS  Three Months EndedMarch 31,($ in thousands except per share amounts) 2022 2021Revenue 36,147 30,030Net income 16,868 26,426Earnings per share – basic 0.34 0.53Earnings per share – diluted 0.28 0.43Adjusted EBITDA(1) 15,893 9,423Total generation – (MWh) 393,591 324,490Total...

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The Keg Royalties Income Fund Announces First Quarter 2022 Results

Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, May 10, 2022 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce its financial results for the three months ended March 31, 2022 (the “quarter”). HIGHLIGHTSRoyalty Pool sales(1) up 106.6% to $141.7M for the quarter KRL system sales(1) up 106.6% to $141.7M for the quarter Distributable cash(1) up 159.4% to 22.1 cents/Fund unit for the quarter Payout ratio(2) was 128.1% for the quarterRoyalty Pool sales reported by the 107 Keg restaurants in the Royalty Pool were $141,705,000 for the quarter, an increase of $73,130,000 or 106.6% from the comparable quarter of the prior year. The increase in Royalty Pool sales during the first quarter of 2022 was due to significantly more trading...

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