Month: September 2024

Canadian Life Companies Split Corp. Increases Preferred Share Rate

Written by Customer Service on September 18, 2024. Posted in Public Companies.

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) is pleased to announce an increase in the Preferred Share dividend rate for the new six year term effective December 1, 2024. Payments will be made at the greater of 7.00% (previously 6.50%) or Prime plus 2% with a maximum of 9.00% (previously 8.00%) based on the $10.00 repayment value. The new distribution rate represents a potential increase of $0.10 per annum from the previous maximum rate. Preferred shareholders have received a total of $11.82 per share in distributions since inception. The dividend policy for the Class A Shares will remain at the current targeted rate of $0.10 per month, or $1.20 per annum. As previously announced on March 12, 2024 the Company will extend the termination date a further six year period from December...

US Financial 15 Split Corp. Preferred Share Rate Maintained

Written by Customer Service on September 18, 2024. Posted in Dividend Reports And Estimates.

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — US Financial 15 Split Corp. (the “Company”) announces there will be no change to the Preferred Share dividend rate for the new six-year term commencing December 1, 2024. Payments will continue to be equal to 10.00% annually, based on the net asset value per unit calculated as at the end of the preceding month, with a maximum of $0.08333 per Preferred Share monthly or $1.00 per annum. The rate is in keeping with market yields for preferred shares with similar terms. As previously announced on March 12, 2024 the Company will extend the termination date a further six year period from December 1, 2024 to December 1, 2030. In relation to the term extension, the Company has an additional retraction right for those shareholders not wishing to continue holding their investment, allowing existing...

Financial 15 Split Corp. Preferred Share Rate

Written by Customer Service on September 18, 2024. Posted in Dividend Reports And Estimates.

A high quality portfolio consisting of 15 North American Financial Services Companies TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Financial 15 Split Corp. (the “Company”) announces that in keeping with current market rates for preferred shares with similar terms, the Preferred Share (“FTN.PR.A”) dividend rate for the fiscal year commencing December 1, 2024 will be set at 8.50% (previously 9.25%). Monthly payments to FTN.PR.A will be $0.07083 per share for an annual yield of 8.50% on their $10.00 redemption value. The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:Bank of Montreal National Bank of Canada Bank of America Corp.The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.Canadian Imperial Bank...

Dividend 15 Split Corp. Increases Preferred Share Rate

Written by Customer Service on September 18, 2024. Posted in Dividend Reports And Estimates.

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (the “Company”) is pleased to announce an increase in the Preferred Share dividend rate to 7.00% from 5.50% on the $10.00 repayment value for the new five-year term effective December 1, 2024. The Preferred Share monthly dividends will be $0.05833 per share or $0.70 per annum and the new distribution rate represents an increase of $0.15 per annum from the previous rate. Preferred shareholders have received a total of $10.86 per share in distributions since inception. The dividend policy for the Class A Shares will remain at the current targeted rate of $0.10 per month, or $1.20 per annum. As previously announced on March 12, 2024 the Company will extend the termination date a further five year period from December 1, 2024 to December 1, 2029. In relation to the...

Dividend 15 Split Corp. II Increases Preferred Share Rate

Written by Customer Service on September 18, 2024. Posted in Dividend Reports And Estimates.

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (the “Company”) is pleased to announce an increase in the Preferred share dividend rate to 7.00% from 5.75% on the $10.00 repayment value for the new five-year term effective December 1, 2024. The Preferred Share monthly dividends will be $0.05833 per share or $0.70 per annum and the new distribution rate represents an increase of $0.13 per annum from the previous rate. Preferred shareholders have received a total of $9.58 per share in distributions since inception. The dividend policy for the Class A Shares will remain at the current targeted rate of $0.10 per month, or $1.20 per annum. A previously announced on March 12, 2024 the Company will extend the termination date a further five year period from December 1, 2024 to December 1, 2029. In relation to the...

Kayne Anderson Energy Infrastructure Fund Completes Private Placement of $70 Million of Notes and $30 Million of Mandatory Redeemable Preferred Shares

Written by Customer Service on September 18, 2024. Posted in Dividend Reports And Estimates.

HOUSTON, Sept. 18, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that it completed a private placement of $70 million of senior unsecured notes (“Notes”) and $30 million of mandatory redeemable preferred shares (“MRP Shares”). Net proceeds will be used to refinance existing leverage and for general corporate purposes. The table below sets forth the key terms of the Notes and MRP Shares issued.Notes / MRPShares Series Amount ($ in millions) Fixed Interest /Dividend Rate Maturity / MandatoryRedemption DateNotes Series YY $30 5.19% September 2031Notes Series ZZ $40 5.45% September 2036MRP Shares Series X $30 5.49% September 2029TOTAL $100 The Notes and MRP Shares issued in connection with this private placement will not be registered under...

NANOBIOTIX Provides Business Update and Reports Half Year 2024 Financial Results

Written by Customer Service on September 18, 2024. Posted in Earnings Releases And Operating Results.

RT-NBTXR3 followed by anti-PD-1 demonstrated favorable safety profile, disease control and tumor response in patients both naïve and resistant to anti-PD-1, suggesting that NBTXR3 may prime the immune system before checkpoint therapy Several clinical milestones expected over the next 12-18 months including updated data in pancreatic, and head and neck cancer, and initial data in esophageal and lung cancer €66.3 million in cash and cash equivalents as of June 30, 2024, with a cash runway extended into Q4 2025PARIS and CAMBRIDGE, Mass., Sept. 18, 2024 (GLOBE NEWSWIRE) — NANOBIOTIX (Euronext: NANO – NASDAQ: NBTX – the “Company”), a late-clinical stage biotechnology company pioneering nanoparticle-based approaches to expand treatment possibilities for patients with cancer and other major diseases, provided an update...

Steelcase Reports Second Quarter Fiscal 2025 Results

Written by Customer Service on September 18, 2024. Posted in Earnings Releases And Operating Results.

Strong results compared to prior year including:Operating income increased $49 million Adjusted operating income increased $15 million Gross margin improved 130 basis points Total liquidity strengthened by $193 millionAmericas posted order growth of 3% compared to prior year Third quarter outlook projects 1 to 4% revenue growth compared to prior yearGRAND RAPIDS, Mich., Sept. 18, 2024 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) today reported second quarter revenue of $855.8 million, net income of $63.1 million, or $0.53 per share, and adjusted earnings per share of $0.39. In the prior year, Steelcase reported revenue of $854.6 million, net income of $27.5 million, or $0.23 per share, and adjusted earnings per share of $0.31. Revenue and order growth (decline) compared to the prior year were as follows: Q2 2025 vs....

Tony Staffieri and Edward Rogers discuss MLSE deal with Ron MacLean

Written by Customer Service on September 18, 2024. Posted in Mergers And Acquisitions.

Pool feed details below to access broadcast footage of interview TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Earlier today, Rogers announced it has signed an agreement to buy Bell’s 37.5% ownership stake in Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion. Rogers President and CEO Tony Staffieri, and Rogers Executive Chair, Edward Rogers discuss the deal with Hockey Night in Canada’s Ron MacLean. Broadcast footage of the interview is to be available via pool feed at 3 p.m. ET today. Pool feed details to access broadcast footage of interview:Galaxy 19 K01 Slot A 9MhzU/L: 14006.0 HD/L: 11706.0 VSR: 7.2 Msym/sModulation: DVB-S2 8PSKFEC: 3/4Pilot: ONRoll Off: 20%Video Format: 1080i/59.94Video Codec: MPEG-4 (H 264) – 4:2:0PGAD also available to all broadcasters at the Toronto TOC For more information:Mediamedia@rci....

Interoil appoints new CFO

Written by Customer Service on September 18, 2024. Posted in Public Companies.

Oslo, 18 September 2024 Interoil Exploration and Production ASA announces the appointment of Mr. Pablo Creta as new Chief Financial Officer (CFO) of the Company following the resignation presented by Mr. Gonzalo Ricci. The appointment is effective today. Mr. Creta has a Bachelor degree from Universidad de San Andrés, Argentina, and a Master of Commerce degree from the University of New South Wales, Sydney, Australia. His professional experience includes positions in private equity and capital markets in Latin America and Australia. In addition, Pablo served for several years as both General Manager and CFO of the Company. Hugo Quevedo, Chair of the Board, commented: “We are happy of welcoming Pablo back in Interoil. His knowledge will increase the strength of our financial and reporting capabilities.” Please direct any further questions...

Month: September 2024

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