Day: January 4, 2024

Robert Hanson to Step Down as EVP & President, Wine & Spirits Division Effective February 29, 2024 Company Initiates Search to Identify New Leader to Guide Next Phase of Growth for Its Wine & Spirits Business VICTOR, N.Y., Jan. 04, 2024 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, today announced that the Company and Robert Hanson, who has led the transformation of the company’s Wine & Spirits business since 2019, have mutually agreed that Mr. Hanson will step down from his role as Executive Vice President and President of the company’s Wine & Spirits Division, at the end of Constellation’s fiscal year on February 29, 2024. The company has initiated a search to identify a successor. Bill Newlands, President and Chief Executive Officer, will assume responsibilities...

DALLAS, Jan. 04, 2024 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, today announced that it expects to issue financial results for the full year and fourth quarter of 2023 before market on Thursday, January 18, 2024. Executive management will host a conference call and webcast to discuss full year and fourth quarter 2023 operating results on Thursday, January 18, 2024, at 9:00 a.m. EDT. Participants may pre-register for the call by visiting https://www.netroadshow.com/events/login?show=a5b5e3ea&confId=59474 and will receive a unique PIN number to be used when dialing in for the call for immediate access. Alternatively, participants may call 833.470.1428 and use the access code 049214 at least fifteen minutes prior to the call to join through an operator. The live...

WINTER PARK, Fla., Jan. 04, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Alpine Income Property Trust, Inc. (NYSE: PINE), please note that in the last bullet of the “2023 Investment Activity” list, the weighted average initial investment yield should be 9.1%, not 7.9% as previously stated. The corrected release follows: Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its 2023 investment and disposition activities and provided a corporate update. 2023 Investment ActivityDuring the year ended December 31, 2023, the Company acquired 14 net lease retail properties for total acquisition volume of $82.9 million, representing a weighted average going-in cash cap rate of 7.4%. Acquisitions completed during the year had a weighted average remaining lease...

VANCOUVER, British Columbia, Jan. 04, 2024 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces judgement issued by the Tax Court of Canada (“TCC”) on its tax court case. As previously reported in the Company’s Consolidated Financial Statements, the Company and certain subsidiaries have received from the Canada Revenue Agency (“CRA”) and Alberta Tax and Revenue Administration (“ATRA”) tax notices of reassessment for various taxation years. The reassessments deny the application and usage of certain non-capital losses, capital losses, deductions and investment tax credits arising from prior years. The Company and its subsidiaries have filed notices of objection and notices of appeal to the reassessments with the CRA and ATRA. The appeal with the Tax...

FREEHOLD, NJ, Jan. 04, 2024 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on our year end 2023 operating results:As of year end, UMH achieved an equity market capitalization of over $1 billion. During the year, UMH rented 1,040 new homes, 130 of which were rented during the fourth quarter. UMH now owns approximately 10,000 rental homes with an occupancy rate of 94.0%. During the year, UMH sold 164 new homes, 41 of which were sold during the fourth quarter. Home sales revenue increased to $31.1 million during the year ended 2023 from $25.3 million during the year ended 2022, resulting in a 22.9% increase in home sales revenue. Overall occupancy increased by 705...

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America. TORONTO, Jan. 04, 2024 (GLOBE NEWSWIRE) — Picton Mahoney Asset Management (“Picton Mahoney”), the manager of the Picton Mahoney Fortified Active Extension Alternative Fund (TSX: PFAE) and Picton Mahoney Fortified Inflation Opportunities Alternative Fund (collectively, the “Funds”), announced that effective today, the Class O units of each Fund will also be made available to dealers and institutional investors who have entered into an agreement with Picton Mahoney and make the required minimum initial investment as determined by Picton Mahoney from time to time. To learn more about Picton Mahoney’s full suite of funds, visit www.pictonmahoney.com. About Picton MahoneyPicton Mahoney Asset Management specializes in differentiated investment...

SAN RAFAEL, Calif., Jan. 04, 2024 (GLOBE NEWSWIRE) — Ekso Bionics Holdings, Inc. (Nasdaq: EKSO) (the “Company”), an industry leader in exoskeleton technology for medical and industrial use, today announced preliminary top line financial results for the fourth quarter and fiscal year ended December 31, 2023. Total revenue for the fourth quarter of 2023 is estimated to be in the range of $4.7 million to $4.9 million, compared to total revenue of $3.6 million in the fourth quarter of 2022. Total revenue for fiscal year 2023 is estimated to be in the range of $18.1 million to $18.3 million, compared to $12.9 million in 2022. Estimated cash as of December 31, 2023 was $8.6 million, compared to $20.5 million at December 31, 2022. For the quarter ended December 31, 2023, the Company used an estimated $1.7 million of cash in operations,...

TORONTO, Jan. 04, 2024 (GLOBE NEWSWIRE) — AGF Management Limited (TSX: AGF.B) will release its financial results for fiscal 2023 on Wednesday, January 24, 2024 at approximately 8:00 a.m. ET. AGF will hold a conference call and webcast to discuss these results at 11:00 a.m. ET. The discussion will feature remarks by Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, and Ken Tsang, Chief Financial Officer. Judy G. Goldring, President and Head of Global Distribution, will also be available for the question-and-answer period with investment analysts following the presentation. The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/5oqk38wy. Alternatively, the call can be accessed over the phone...

Southfield, MI, Jan. 04, 2024 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing and recreational vehicle communities and marinas, today announced that its operating partnership, Sun Communities Operating Limited Partnership (the “Operating Partnership”), has priced a public offering of $500 million aggregate principal amount of 5.500% senior notes due 2029 (the “Notes”). The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company. The offering is expected to close on or about January 11, 2024, subject to...