Month: February 2023

CALGARY, Alberta, Feb. 06, 2023 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the February 2023 monthly distribution of $0.10 per unit. Additionally, the Fund announces a quarterly distribution for preferred units. Cumulative Redeemable Series 1 and Series 2 Preferred Unit holders will receive a distribution of $0.30 per unit. The distribution will be paid on March 15, 2023 to unitholders of record on February 23, 2023. The ex-distribution date for this distribution is February 22, 2023. About Canoe EIT Income FundCanoe EIT Income Fund is one of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbols EIT.UN, EIT.PR.A...

TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) — , February 6, 2023 — As previously announced, on December 12, 2022, Constellation Software Inc. (“Constellation”) (TSX:CSU) and its subsidiary Lumine Group Inc. (“Lumine Group”), entered into a binding agreement and plan of merger with WideOrbit Inc. (“WideOrbit”) to purchase 100% of the shares of WideOrbit, a U.S.-based media vertical market software provider. In connection with the anticipated closing of the acquisition and the subsequent public listing of the subordinate voting shares of Lumine Group, Lumine Group will be spun out of Constellation and will operate as a separate publicly traded company. WideOrbit will become a wholly owned subsidiary of Lumine Group and will operate as an autonomous business unit within the Lumine Group’s portfolio of companies. Constellation announced...

Record Annual Earnings, Strong Financial Ratios, Asset Quality LYNCHBURG, Va., Feb. 06, 2023 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three month and 12 month periods ended December 31, 2022. The Bank serves Region 2000 (the greater Lynchburg MSA), and the Blacksburg, Charlottesville, Harrisonburg, Lexington, Roanoke, and Wytheville, Virginia markets. Net income for the three months ended December 31, 2022 was a record $1.95 million or $0.42 per basic and diluted share compared with $1.86 million or $0.39 per basic and diluted share for the three...

Company reports EPS of $17.40, Economic EPS of $7.28 in fourth quarter EPS of $25.35, Economic EPS of $20.14 for the full year 2022Net Income (controlling interest) of $1.1 billion includes $576 million gain* on BPEA transaction, Economic Net Income of $802 million 10% full-year Economic Earnings per share growth reflects strong Affiliate investment performance and strategic execution Repurchased $475 million in common stock in 2022; entered into a $225 million accelerated share repurchase program at year-end  WEST PALM BEACH, Fla., Feb. 06, 2023 (GLOBE NEWSWIRE) — Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the fourth quarter and full year 2022. Jay C. Horgen, President and Chief Executive Officer of AMG, said:“AMG delivered 10% growth in full-year Economic Earnings per...

FORT MYERS, Fla., Feb. 06, 2023 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announces financial results for the fiscal quarter ended December 31, 2022, the highlights of which are as follows:Company reports net loss attributable to Alico, Inc. common stockholders of $3.2 million and EBITDA of $0.9 million for fiscal quarter. After adjusting for certain non-recurring items, Company reports adjusted net loss attributable to Alico, Inc. common stockholders of $6.3 million and Adjusted EBITDA of ($3.4) million.During the fiscal quarter ended December 31, 2022, the Company sold approximately 609 acres of the Alico Ranch to several third parties for approximately $3.3 million.Overall box production for the Early and Mid-Season crop will be lower than prior year production, as we accelerated the...

SAN DIEGO, Feb. 03, 2023 (GLOBE NEWSWIRE) — Sorrento Therapeutics, Inc. (Nasdaq: SRNE, “Sorrento”) today distributed dividend confirmation statements to 146 brokerage firms regarding its recent dividend to Sorrento stockholders of shares of common stock of Scilex Holding Company (Nasdaq: SCLX, “Scilex”) held by Sorrento. These statements, which contain the account numbers and amount of Scilex dividend shares, were previously mailed out by Continental Stock Transfer & Trust Company. The dividend confirmation statements are being distributed on behalf of Sorrento and Scilex to notify each brokerage firm of Sorrento’s previously announced stock dividend (the “Dividend”) consisting of an aggregate of 76,000,000 shares (the “Dividend Stock”) of common stock of Scilex held by Sorrento to record holders of (i) Sorrento’s common stock...

DENVER, Feb. 03, 2023 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial” or the “Company”), today announced that the Company’s estimated and unaudited Net Asset Value (“NAV”) as of December 31, 2022, was $20.79. This NAV reflects the regular fourth quarter dividend of $0.39 per share plus the special dividend of $0.10 per share. This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended December 31, 2022. We advise you that our audited NAV for December 31, 2022, will be released as part of our normal quarterly earnings process and may differ materially from this estimated NAV. About ArrowMark Financial Corp. ArrowMark Financial is an SEC registered non-diversified, closed-end investment company listed on the NASDAQ Global Select Market...

TORONTO, Feb. 03, 2023 (GLOBE NEWSWIRE) — (TSX: ENS, ENS.PR.A) E Split Corp. (the “Company”) is pleased to announce it has established an at-the-market equity program (“ATM Program”) that allows the Company to issue Class A and Preferred Shares (the “Class A Shares” and “Preferred Shares”, respectively) to the public from time to time, at the Company’s discretion. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated January 16, 2023 (the “Equity...

TORONTO, Feb. 03, 2023 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $42.1 billion as at January 31, 2023.           AUM ($ billions) January 31, 2023 December 31, 2022 % ChangeMonth-Over-Month January 31, 2022 % ChangeYear-Over-YearTotal Mutual Fund (including retail pooled funds) $24.1 $23.1   $23.9  Institutional and Sub-advisory + Exchange-traded funds + AGF Private Wealth $15.9 $15.3   $16.4  Subtotal (before AGF Private Capital AUM and fee-earning assets1) $40.0 $38.4   $40.3  AGF Private Capital $0.1 $0.1   $0.1  Total AUM $40.1 $38.5 4.2% $40.4 (0.7%)AGF Private Capital fee-earning assets1 $2.0 $2.0   $2.1  Total AUM and fee-earning assets1 $42.1 $40.5 4.0% $42.5 (0.9%)           Average Daily Mutual Fund AUM $23.7 $23.5   $24.0  1 Fee-earning...

CALGARY, Alberta, Feb. 02, 2023 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce the results of its annual independent reserves assessment as at December 31, 2022, as well as a corporate update. The financial and operational information contained below is based on the Company’s unaudited estimated results for year-end December 31, 2022. All currency amounts are in United States dollars unless otherwise stated. The following reserves categories are discussed in this news release: proved developed producing (“PDP”); proved (“1P”); proved plus probable (“2P”); and proved plus probable plus possible (“3P”). Key HighlightsTwelve consecutive years of PDP, 1P and 2P reserves per share growth (on a boe basis), with double digit percentage...