Day: December 1, 2023

Guggenheim Investments Announces December 2023 Closed-End Fund Distributions

NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions: Record Date   December 15, 2023 Ex-Dividend Date   December 14, 2023 Payable Date    December 29, 2023 Distribution Schedule NYSE Ticker Closed-End Fund Name DistributionPer Share Change from Previous Distribution Frequency AVK Advent Convertible and Income Fund $0.1172†   Monthly GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   Monthly GOF Guggenheim Strategic Opportunities Fund $0.1821†   Monthly GUG Guggenheim Active Allocation Fund $0.11875†   Monthly †...

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Seaport Global Acquisition II Corp Announces Final Value for Redemption of Public Shares

NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) — Seaport Global Acquisition II Corp. (Nasdaq: SGII) (the “Company”), a special purpose acquisition company, today announced the final per share redemption value for its Class A redeemable shares. As previously announced on November 20, 2023, the Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter. As a result, the Company will redeem all of the remaining outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of $10.835, as of December 6, 2023. As of the open of business on Monday, December 4, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for...

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Sonoco Acquires Inapel Embalagens Ltda.

HARTSVILLE, S.C., Dec. 01, 2023 (GLOBE NEWSWIRE) — Global packaging leader Sonoco (NYSE: SON) is pleased to announce the expansion of its flexible packaging service operations with the acquisition of Inapel Embalagens Ltda. in Brazil. Inapel has been an industry leading flexible packaging manufacturer for over 50 years. The company currently operates two facilities in São Paulo – one in Jundiai and the other in Guarulhos – with approximately 500 employees companywide. Production capabilities range from rotogravure printing, adhesive and extrusion laminations, specialty coatings, cold seal, pouching and cylinder engraving. Inapel will add to Sonoco’s existing flexible packaging operation in Pinhais, Brazil. The Sonoco Graffo site has been a top producer of high-quality rotogravure printing and sophisticated lamination for eight...

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Calian Completes Acquisition of Decisive Group and Confirms Filing of Audited Financial Statements

OTTAWA, Dec. 01, 2023 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, has completed the acquisition of Decisive Group for up to CAD$74.7 million. A leader in the IT infrastructure and cyber security services business, the acquisition of Decisive rounds out Calian’s North American offerings. It also positions the Calian IT and Cyber Solutions (ITCS) portfolio to expand further into global markets—serving a broader set of customers.  “We’re pleased to be acquiring a company that not only has so much to offer, but also has similar values,” says Kevin Ford, Calian CEO. “This acquisition is also an important step in our growth strategy allowing us to continue to scale our IT and cyber business. Ultimately,...

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HOPE GAS CONTINUES WEST VIRGINIA GROWTH WITH ACQUISITION OF SOUTHERN PUBLIC SERVICE COMPANY

Hope Gas now serves customers in 37 West Virginia counties Morgantown, WV, Dec. 01, 2023 (GLOBE NEWSWIRE) — Hope Gas (Hope) today announced that it closed the acquisition of Southern Public Service Company (Southern Public). The acquisition of Southern Public adds approximately 6400 new customers across six counties. This is Hope’s third acquisition of 2023. The company previously acquired approximately 900 miles of pipelines from Equitrans and Peoples Gas WV which included approximately 400 miles of pipelines.  “Hope Gas continues to grow and provide service to more West Virginian families and businesses,” said Morgan O’Brien, CEO of Hope Gas. “Our investors at Ullico have committed over a billion dollars in investment in West Virginia in just about a year’s time. I welcome our new customers and employees to Hope Gas. We are committed...

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Core Specialty Completes Acquisition to form Medical Stop-Loss Division

Represents Core Specialty’s 14th Specialty Business Unit Furthers Core Specialty’s momentum in building a leading specialty insurance company Jim Stelling joins Core Specialty as President, Medical Stop-Loss CINCINNATI, Dec. 01, 2023 (GLOBE NEWSWIRE) — Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today the completion of the acquisition of the MGU/Stop-Loss business of American National Group (“ANAT”), which was previously announced on June 12, 2023. The acquisition marks Core Specialty’s 14th Specialty Business Unit. Jim Stelling has joined the company as President of the new Medical Stop-Loss Division, which is maintaining its presence in League City, Texas. The business was acquired for cash through the acquisition of 100% of the stock of Standard Life and Accident...

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Michigan Public Service Commission ruling supports DTE investments in a more reliable electric grid and the transition to cleaner energy

Comparison of annual residential bill growth (% increase per year) Source: Annual bill growth data from EIA; inflation data from bureau of labor statistics CPI inflation calculator Based on DTE average residential customer usage of 620 kwh per month Detroit, Dec. 01, 2023 (GLOBE NEWSWIRE) — Offset by a $300 million reduction in fuel and other costs, a DTE electric residential customer who uses 500 kilowatt hours, will see a bill increase of 9 cents per day, or $2.56 per month, to support needed investments Keeps average residential bill increase below the rate of inflation and below the national average Supports DTE’s plan to accelerate system upgrades, with the goal of improving reliability for customers by more than 60 percent over the next five years   DETROIT, Dec. 1, 2023 — DTE Energy today announced an order...

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Ackroo Completes Acquisition of GiftFly’s eGift Card Business

Ackroo closes their third U.S. based acquisition and their thirteenth to date HAMILTON, Ontario, Dec. 01, 2023 (GLOBE NEWSWIRE) — Ackroo Inc. (TSX-V: AKR; OTC: AKRFF) (the “Company”), a loyalty marketing, payments and point-of-sale technology and services provider, through its’ wholly-owned subsidiary Ackroo U.S. Inc., is pleased to announce that it has completed the acquisition of the GiftFly business from GiftFly LLC (the “Vendor”). GiftFly is an international payments company based in the U.S. with an eGift card product for small to medium sized merchants. Under the terms of the acquisition, Ackroo acquired all customer contracts and related IP of GiftFly’s digital gifting business adding over 4,000 merchant locations to Ackroo. In consideration for the acquisition, the Company has paid $350,000 USD on closing, and will...

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Daktronics to Present at Singular Research Best of the Uncovered Conference

BROOKINGS, S.D., Dec. 01, 2023 (GLOBE NEWSWIRE) — Daktronics, Inc. (NASDAQ-DAKT), today announced that it’s CFO, Sheila Anderson, will present at the Singular Research’s 18th annual “Best of the Uncovered” conference in San Francisco on Thursday, December 7. Daktronics presentation is scheduled to take place at 12:15 pm pacific time. For investors not able to make it in person, Singular is offering the conference as a webinar. Please use the following link to register for the webinar — GoToWebinar Link: https://register.gotowebinar.com/register/3515964842274280021 About Daktronics Daktronics has strong leadership positions in, and is the world’s largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The company excels in the...

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Montero Provides Update on CAD$ 90 million ICSID Arbitration Claim against the Government of Tanzania

TORONTO, Dec. 01, 2023 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) provides an update on Montero’s arbitration proceedings against the United Republic of Tanzania (“Tanzania”) over the expropriation of the Wigu Hill rare earth element project (“Wigu Hill”) before the International Centre for Settlement of Investment Disputes (“ICSID”). On November 28, 2023, the arbitral Tribunal informed both parties that the hearing scheduled to be held at the ICSID premises in Washington DC., USA, from 4 – 7 December 2023, must be postponed as one of the three arbitrators is unable to travel to the United States at that time. The Tribunal prefer to keep the hearing in person in Washington, D.C., rather than apart in hybrid format, and therefore has decided to move the hearing dates to...

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