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Year: 2023

MidCap Financial Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2023 and Announces Merger Agreements with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

Results for the Quarter Ended September 30, 2023 and Other Recent Highlights:Net investment income per share for the quarter was $0.43, compared to $0.44 for the quarter ended June 30, 2023 Net asset value per share as of the end of the quarter was $15.28, compared to $15.20 as of June 30, 2023, an increase of $0.08 per share primarily due to net investment income in excess of the dividend New investment commitments made during the quarter totaled $20 million(1) Gross fundings excluding revolver fundings, totaled $16 million and net repayments including revolvers, totaled $43 million for the quarter Net leverage(2) was 1.40x as of September 30, 2023 Declared a dividend of $0.38 per share for the quarter ending September 30, 2023(3) On November 2, 2023, the Company completed its inaugural Collateralized Loan Obligation (“CLO”) transaction,...

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MidCap Financial Investment Corporation Announces Merger Agreements with Apollo Senior Floating Rate Fund Inc. and Apollo Tactical Income Fund Inc.

Transaction Provides Financial and Strategic Benefits to All Shareholders Creates a Larger, More Scaled BDC Focused on Middle Market Direct Lending Combined Company Will Have Approximately $3.4 Billion of Total Investments and $1.4 Billion of Net Assetsi NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) — MidCap Financial Investment Corporation (NASDAQ: MFIC), Apollo Senior Floating Rate Fund Inc. (NYSE: AFT) and Apollo Tactical Income Fund Inc. (NYSE: AIF) (AFT and AIF, together, the “CEFs”) today announced that they have entered into separate definitive agreements pursuant to which AFT and AIF will merge with and into MFIC (the “Mergers” or the “Transactions”), subject to certain shareholder approvals and customary closing conditions. MFIC is a publicly traded business development company (“BDC”) managed by an affiliate of Apollo Global...

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Baltic Horizon Fund consolidated unaudited results for Q1-Q3 2023

Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2023. Leasing activityThroughout Q1-Q3 2023, the Fund secured lease extensions with anchor tenants in retail assets. Notably, the anchor grocery tenant Rimi extended its leases on the same favourable terms in both Postimaja and Galerija Centrs. The H&M store will be upgraded in Postimaja to include the H&M Home concept in November 2023, while ARKET will open in Galerija Centrs in December 2023. Meanwhile, Europa SC demonstrated a surge in letting activity during Q1-Q3 2023, with the Fund successfully securing deals for a total of 2,941 sq. m with thirteen tenants, including prominent names like Pi Pilates, Optometrijos Centras, Codekus and others. In...

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Baltic Horizon Fund consolidated unaudited results for Q1-Q3 2023

Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2023. Leasing activityThroughout Q1-Q3 2023, the Fund secured lease extensions with anchor tenants in retail assets. Notably, the anchor grocery tenant Rimi extended its leases on the same favourable terms in both Postimaja and Galerija Centrs. The H&M store will be upgraded in Postimaja to include the H&M Home concept in November 2023, while ARKET will open in Galerija Centrs in December 2023. Meanwhile, Europa SC demonstrated a surge in letting activity during Q1-Q3 2023, with the Fund successfully securing deals for a total of 2,941 sq. m with thirteen tenants, including prominent names like Pi Pilates, Optometrijos Centras, Codekus and others. In...

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Correction: Syntec Optics, Inc., a Leading Advanced Manufacturing Company, Completes Business Combination with OmniLit (Nasdaq: OLIT) and will Commence Trading on Nasdaq Under Ticker Symbol “OPTX”

ROCHESTER, NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) — Syntec Optics, Inc., an industry leader in ultra-high precision optics and photonics, announced today that it completed its business combination with OmniLit Acquisition Corp. (“OLIT”) on November 7, 2023. The combined company will operate under the name Syntec Optics Holdings, Inc. (“Syntec” and the “Company”). Commencing November 8, 2023, at the opening of trading, Syntec’s common stock and warrants are expected to trade on the Nasdaq Stock Exchange (“Nasdaq”) under the symbols “OPTX” and “OPTXW,” respectively. The company will continue to be led by Joe Mohr, Chief Executive Officer, alongside the rest of the current Syntec management team. OLIT’s shareholders approved the transaction at a special meeting held on October 31, 2023 (the “Annual Meeting”). Over 99.9% of the votes...

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Red Cat Reports Preliminary Record Revenue 30% Above Guidance for Second Quarter of Fiscal 2024

Artificial Intelligence enhanced camera fuels sales SAN JUAN, Puerto Rico, Nov. 07, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports preliminary revenue for the second quarter of fiscal 2024 (three months ending October 31, 2023) ahead of its quarterly filing, including:Revenue of approximately $3.9 million for fiscal second quarter of 2024, representing a sequential increase of 123% Backlog of approximately $4.5M at October 31, 2023, representing the highest amount in the Company’s history Company affirms previous guidance of approximately $5 million in revenue for the fiscal third quarter (three months ending January 31, 2024), representing...

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Dorchester Minerals, L.P. Announces Consummation of Midland Basin Lease Transaction

DALLAS, Nov. 07, 2023 (GLOBE NEWSWIRE) — Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the successful consummation of a notable lease transaction in the Midland Basin. On November 6, 2023, the Partnership leased 243 net acres in two tracts of land in Reagan County, Texas for $30,000 per acre and a 25% royalty. Additionally, the Partnership executed an amendment to an existing lease on two separate tracts of land also totaling 243 net acres in Reagan County, Texas for $18,750 per acre. The resulting payment of approximately $11.8 million will be included in the Partnership’s fourth quarter distribution to unitholders. Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located...

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Global Urgent Care Apps Market Size USD 42,960.91 Million in 2032 | Emergen Research

Growing adoption of personalized medical treatment applications and ncreasing penetration of smartphones are driving the urgent care apps market Vancouver, Nov. 07, 2023 (GLOBE NEWSWIRE) — The global urgent care apps market is projected to reach value of USD 42,960.91 Million by 2032, according to a current analysis by Emergen Research. During the forecast period, the global urgent care apps market is anticipated to expand substantially, due to growing adoption of personalized medical treatment applications. Increasing penetration of smartphones is anticipated to boost the adoption of urgent care apps, thereby propelling the global urgent care apps market during the forecast period. Moreover, rising implementation and development of urgent care apps by governments is likely to fuel the market in the next few years. For instance,...

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Q1 2023/24 – Lower revenue in a challenging market

ANNOUNCEMENT NO. 247   Trading statement for Q1 2023/24 (1 July – 30 September 2023)   Lower revenue in a challenging market Revenue for the first quarter of 2023/24 was, as expected, affected by continuing challenging market conditions, declining 20% to DKK 91.1 million from DKK 113.8 million in the year-earlier period. The lower revenue was mainly due to a 50% drop in sales of instruments. EBITDA fell to DKK 41.5 million in the first quarter from DKK 65.2 million in the same period last year, while the EBITDA margin was 46%, down from 57% in the same period last year. Based on developments in the first quarter, the full-year revenue and EBITDA guidance is maintained.   HighlightsQ1 2023/24 revenue amounted to DKK 91.1 million, a year-on-year decrease of 20%. The lower revenue was primarily the result of a 50% drop in sales of...

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