Month: May 2022

Partners Value Investments L.P. Announces 2022 First Quarter Results

Written by Customer Service on May 20, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership” TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the three months ended March 31, 2022. All amounts are stated in US dollars. The Partnership recorded net income of $10.0 million for the quarter ended March 31, 2022, compared to a net loss of $1.2 million in the prior year quarter. Net income increased in the current quarter primarily due to investment valuation gains on the Partnership’s other investments portfolio of $16.7 million compared to $5.3 million in the prior year quarter, and lower foreign currency losses, which were partially offset by an increase in income tax expense. The market price of a Brookfield Asset Management Inc. (“Brookfield”) share was $56.57 per share at March 31, 2022 (December 2021 – $60.38). Consolidated...

Timbercreek Financial Declares May 2022 Dividend

Written by Customer Service on May 20, 2022. Posted in Dividend Reports And Estimates.

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on June 15, 2022 to holders of Common Shares of record on May 31, 2022. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the “Average...

Meridian Corporation Announces the Death of Board Member Ken Slack

Written by Customer Service on May 20, 2022. Posted in Public Companies.

MALVERN, Pa., May 20, 2022 (GLOBE NEWSWIRE) — Meridian Corporation announced today the death of longtime Board of Directors member and one of the original founding organizers, Kenneth H. Slack. “Ken Slack was part of the Meridian Bank board since 2004 and served on several Bank committees, most recently as the Chair of Audit Committee and the Chair of Compensation Committee,” said Meridian Chairman & CEO Chris Annas. “Ken was extremely dedicated to the Bank, and generously gave his time, talents and friendships to all in support of Meridian’s success.” Mr. Slack was a partner in Stephano Slack LLC, a public accounting firm based in Wayne, PA which he co-founded in 2004. Prior to that he had been in public accounting in the West Chester area for more than 30 years, and worked in the manufacturing and distribution industries...

KayMaur Holdings Ltd. acquires Class “A” Common Shares of Dominion Lending Centres Inc.

Written by Customer Service on May 20, 2022. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — KayMaur Holdings Ltd. (“KayMaur”) reports that it has filed an updated early warning report under applicable Canadian securities laws in respect of Dominion Lending Centres Inc. (“DLC”). On May 20, 2022, KayMaur acquired 1,039,284 class “A” common shares (“Common Shares”) of DLC through a private agreement transaction at a price of $3.07 per share for total consideration of $3,190,601.88 (the “Purchase Transaction”). Immediately prior to the Purchase Transaction, KayMaur held 17,022,831 Common Shares of DLC, representing approximately 35.09%% of DLC’s issued and outstanding Common Shares (on a non-diluted basis). Immediately following the Purchase Transaction, KayMaur owns 18,062,115 Common Shares, representing approximately 37.24% of DLC’s issued and outstanding Common...

BIMI International Medical Announces First Quarter 2022 Financial Results

Written by Customer Service on May 20, 2022. Posted in Earnings Releases And Operating Results.

NEW YORK, May 20, 2022 (GLOBE NEWSWIRE) — BIMI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”), a healthcare products and services provider, today announced its financial results for the quarter ended March 31, 2022. Revenues for the three months ended March 31, 2022 and 2021 were $5,019,748 and $2,168,004, respectively. Compared with the same period in 2021, revenue increased by $2,851,744 in 2022, mainly due to the $2,073,608 increase in sales of medical devices and $880,202 increase in medical services revenues. The increase in medical device sales is mainly due to higher demand during the first quarter of 2022. The 2022 medical services revenues reflect the revenues generated by three hospitals, which were acquired in May 2021. Cost of revenues for the three months ended March 31, 2022 and 2021 were $3,561,278...

Cartier Closes Private Placement Financing

Written by Customer Service on May 20, 2022. Posted in Public Companies.

VAL-D’OR, Québec, May 20, 2022 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Company”) announces that it has closed its previously announced private placement (the “Private Placement”) for aggregate gross proceeds of $1,820,000. A total of 14,000,000 units (the “Units”) of Cartier were issued at a price of $0.13 per Unit. Each Unit consisted of one (1) common share of Cartier (a “Common Share”) and one half (0.5) Common Share purchase warrant, each whole warrant entitling the holder to subscribe for one (1) Common Share at a price of $0.16 for a period of thirty-six (36) months following the closing date of the Private Placement. Agnico Eagle now owns approximately 17.7% of the issued and outstanding Common Shares on a non-diluted basis and 19.7% of the issued and outstanding Common Shares on a partially-diluted...

FINWARD BANCORP ANNOUNCES SECOND QUARTER DIVIDEND

Written by Customer Service on May 20, 2022. Posted in Dividend Reports And Estimates.

MUNSTER, Ind., May 20, 2022 (GLOBE NEWSWIRE) — Finward Bancorp (“Finward”), the parent company for Peoples Bank, today announced that the Board of Directors of Finward declared a dividend of $0.31 per share payable on July 7, 2022, with a record date of June 24, 2022. About Finward Bancorp Finward Bancorp is a locally managed and independent financial holding company headquartered in Munster, Indiana, whose activities are primarily limited to holding the stock of Peoples Bank. Peoples Bank provides a wide range of personal, business, electronic and wealth management financial services from its 31 locations in Lake and Porter Counties in Northwest Indiana and the Chicagoland area. Finward Bancorp’s common stock is quoted on the NASDAQ Capital Market under the symbol FNWD. The website ibankpeoples.com provides information...

O2Micro Announces Receipt of an Updated Preliminary Non-Binding Proposal to Acquire the Company

Written by Customer Service on May 20, 2022. Posted in Mergers And Acquisitions.

GEORGE TOWN, Grand Cayman, May 20, 2022 (GLOBE NEWSWIRE) — O2Micro International Limited (NASDAQ Global Select Market: OIIM) (“O2Micro” or the “Company”), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today announced that its board of directors (the “Board”) has received an updated preliminary non-binding proposal letter (the “Proposal Letter”), dated May 20, 2022, from FNOF Precious Honour Limited (“FNOF”), Mr. Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Financial Officer and a director of the Company (collectively, the “Consortium”), to acquire all of the outstanding ordinary shares of the Company (including shares represented by American depositary shares (the “ADSs”), each representing 50 shares of the...

LiveToBeHappy Reports First Quarter 2022 Results; Revenues Grow 106% YoY to $2.7 Million

Written by Customer Service on May 20, 2022. Posted in Earnings Releases And Operating Results.

Second Quarter 2022 Revenues Expected to Increase at least 307% Year-over-Year to $11 Million; Full Year 2022 Revenues Expected to Increase at least 132% to $30 Million CHARLOTTE, N.C., May 20, 2022 (GLOBE NEWSWIRE) — LiveToBeHappy, Inc. (OTC: CAVR) (“LTBH” or the “Company”), a vertically integrated lifestyle and real estate services company, today announced financial results for the three months ended March 31, 2022. Recent Company HighlightsRevenues increased 106% year-over-year to $2.7 million in the first quarter of 2022 Gross profit increased 84% year-over-year to $473,000 in the first quarter of 2022 Completed five acquisitions in the fourth quarter of 2021, which in aggregate are accretive to revenues and gross profitManagement Commentary “Our revenue and gross profit growth in the first quarter is a direct result of...

Vitru Limited Announces the Closing of its Business Combination with Unicesumar

Written by Customer Service on May 20, 2022. Posted in Mergers And Acquisitions.

FLORIANÓPOLIS, Brazil, May 20, 2022 (GLOBE NEWSWIRE) — Vitru Limited, or “Vitru” (Nasdaq: VTRU) announces that its business combination with CESUMAR – Centro de Ensino Superior de Maringá Ltda, or “Unicesumar”, closed today. As previously disclosed, the purchase price amounted to R$3.15 billion as of March 31, 2021, to be adjusted in the following weeks based on the closing balance sheet of Unicesumar. The purchase price will be paid as follows:62.9% in cash paid today; 19.4% through the issuance of 7,182,385 new Vitru common shares (5,144,383 common shares issued and delivered today, and 2,038,002 common shares will be withheld as an indemnification guarantee, to be released at a later date), which will not be freely transferable for a period of six months; and 17.7% in cash to be paid 12 months after closing, adjusted by the...

Month: May 2022

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