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Month: January 2024

Meridian Corporation Reports Fourth Quarter 2023 Results and Announces a Quarterly Dividend of $0.125 per Common Share

MALVERN, Pa., Jan. 26, 2024 (GLOBE NEWSWIRE) — Meridian Corporation (Nasdaq: MRBK) today reported:  Three Months Ended   Year Ended(Dollars in thousands, except per share data)((Unaudited) December 31,2023   September 30,2023   December 31,2023   December 31,2022Income:              Net income $ 571     $ 4,005     $ 13,243     $ 21,829  Diluted earnings per common share $ 0.05     $ 0.35     $ 1.16     $ 1.79  Pre-tax, pre-provision income (1) $ 5,356     $ 5,292     $ 23,782     $ 30,408  Pre-tax, pre-provision income – Bank (1) $ 5,757     $ 6,399     $ 27,751     $ 31,004  (1) See Non-GAAP reconciliation in the Appendix              Total assets at December 31, 2023 and September 30, 2023 were $2.2 billion, compared to $2.1 billion at December 31, 2022. Commercial loans, excluding leases,...

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CIB Marine Bancshares, Inc. Announces 2023 Results

BROOKFIELD, Wis., Jan. 26, 2024 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and year ended December 31, 2023. During the year, CIBM Bank grew its commercial loan portfolio and, to a lesser extent, residential loan portfolio; took cost reduction actions; and expanded the foundations of its mortgage operations during a very challenging mortgage operating environment. The Mortgage Division had an operating loss of $0.7 million for the year of 2023 and $0.9 million for the year of 2022 due to higher interest rates and housing supply shortages. The Bank’s cost of funds was sharply higher for the year 2023, causing a reduction in Banking Division earnings....

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Brompton Energy Split Corp. Announces Preferred Share Distribution Rate

TORONTO, Jan. 26, 2024 (GLOBE NEWSWIRE) — (TSX: ESP, ESP.PR.A) Brompton Energy Split Corp. (the “Fund”) announces that the distribution rate for the preferred shares (the “Preferred Shares”) for the new term from March 29, 2024 to March 28, 2025 has been increased to $0.825 per Preferred Share per annum (8.25% on the par value of $10) payable quarterly which is an increase from $0.80 per Preferred Share per annum. The new Preferred Share distribution rate is based on current market rates for preferred shares with similar terms. The Fund invests in an actively managed portfolio consisting primarily of equity securities of dividend-paying (at the time of investment) global energy issuers with a market capitalization of at least $2 billion (at the time of investment) which may include companies operating in energy subsectors and related...

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FE International Announces Acquisition of DotYeti.com, Leading Graphic Design Platform

Accelerating Innovation in Graphic Design, DotYeti Takes a Bold Leap Towards Future Growth NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) — FE International, a global leader in mergers and acquisitions advisory services, is thrilled to announce the successful acquisition of DotYeti, the innovative graphic design platform. Founded in 2020, DotYeti.com has swiftly become a creative powerhouse, offering efficient graphic design and animation services through its unique subscription-based model. The platform has transformed the way businesses access top-tier graphic design by providing a dedicated team of senior creative talent, and delivering custom designs with a streamlined 48-hour turnaround time. Businesses are increasingly recognizing the importance of graphic design services as digital content takes center stage in marketing strategies....

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The Energy Income Fund has closed the private placement, issuing 699,397 units

TORONTO, Jan. 26, 2024 (GLOBE NEWSWIRE) — Artemis Investment Management Limited (“Artemis”), the trustee and manager of Energy Income Fund (TSX – ENI.UN) (the “Fund”), is pleased to announce the closure of the private placement (the “Private Placement”) effective January 26, 2024. Units issued pursuant to the Private Placement issued at a price of $1.68, which reflects the Fund’s net asset value per unit of $1.68 on January 18, 2024. The Fund has raised $1,174,986.96 through the issuance of 699,397 units (the “Units”). All the Units of the Fund issued pursuant to the Private Placement will be subject to a four-month hold period from the date of closing of the Private Placement. For further information, please contact Artemis Investment Management’s investor relations line at (416) 934-7455 or visit our website at www.artemisfu...

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Commencement of Public Consultation in Greenland

TORONTO, ONTARIO, Jan. 26, 2024 (GLOBE NEWSWIRE) — (“Amaroq” or the “Company”) Commencement of Public Consultation in Greenland TORONTO, ONTARIO – 26 January 2024 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across in Southern Greenland, is pleased to announce that the public consultation process for the draft Environmental Impact Assessment and Social Impact Assessment report on the Nalunaq Gold Mine project has commenced. As part of the public consultation process, Amaroq management will be carrying out consultation meetings with local communities in Greenland next week. The public consultation is expected to close by March 1, 2024. A link to background materials regarding the public consultation is set...

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Pervasip Announces Successful Completion of Pcaob Audit

SEATTLE, WA, Jan. 26, 2024 (GLOBE NEWSWIRE) — Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, is pleased to announce the successful completion of a comprehensive financial audit for fiscal years ending November 30, 2022 and 2021. This audit was conducted by Frucci & Associates II, PLLC (“Frucci”), an independent registered public accounting firm. The successful conclusion of the audit reaffirms Pervasip’s commitment to maintaining the highest standards of financial integrity and responsibility. Final audited financials with attached opinion letter will be uploaded to OTC at the end of next week. Frucci has begun the audit of fiscal 2023 and we expect to move forward toward the completion of that audit.  “We are proud to report...

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Gray’s InvestigateTV and WANF Presented with 2024 duPont-Columbia Award

ATLANTA, Jan. 26, 2024 (GLOBE NEWSWIRE) — Columbia Journalism School announced the 15 winners of the 2024 duPont-Columbia Awards during a special ceremony last night highlighting outstanding audio and video reporting in the public interest, including InvestigateTV, Gray Television Inc.’s (“Gray”) (NYSE: GTN) national investigative unit, and WANF, Gray’s Atlanta CBS affiliate. ABC World News Tonight Anchor David Muir and CNN Anchor and Correspondent Audie Cornish hosted the ceremony at the Low Memorial Library on Columbia University’s campus. Their award recognizes the outstanding work of both teams on the multi-part investigative series “The Sixth,” which exposed a critical shortage of public defenders in Georgia and many other states, where defendants can languish in jail for months, even years, awaiting trial. The duPont-Columbia...

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Interim Financial Report 2023/2024

Regulated information, Leuven, 26 January 2024 (17.40 hrs CET) Interim Financial Report 2023/2024 KBC Ancora recorded a profit of EUR 72.9 million in the first half of the financial year 2023/2024. This compared with a profit of EUR 71.3 million in the same period in the previous financial year. The result for the first six months of the financial year was determined predominantly by dividend income totalling EUR 77.5 million from the participating interest in KBC Group, operating costs of EUR 1.6 million and interest charges amounting to EUR 3.5 million. Condensed interim financial information and notes1 Results for the first half of financial year 2023/2024  1H fin. year (x EUR 1,000) 2023/2024per share(in EUR) 1H fin. year (x EUR 1,000) 2022/2023 per share(in EUR)Income 77,953 1.01 77,523 0.99Operating income 0 0.00 7 0.00Recurring...

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