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Day: November 8, 2024

Clip Money Inc. enters into Advisory Services Agreement with Oak Hill Financial Inc.

Written by Customer Service on . Posted in Public Companies.

TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that is has entered into an advisory services agreement with Oak Hill Financial Inc. (“Oak Hill”) for the purpose of facilitating certain investor relations services to be provided to the Company by Oak Hill. Oak Hill is based in Toronto, Ontario and provides comprehensive investor relations services to public and private companies across a variety of different sectors. Oak Hill will be assisting the Company with investor outreach and engagement, ongoing identification of new investors, and general marketing efforts. The initial term of the agreement will be one month commencing on November 7, 2024, and will be renewable for subsequent...

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Valley National Bancorp Announces Pricing of Common Stock Offering

Written by Customer Service on . Posted in Public Companies.

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 42,780,748 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $9.35 per share, for aggregate gross proceeds of $400 million. In addition, Valley has granted the underwriter a 30-day option to purchase up to an additional 6,417,112 shares of its Common Stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 12, 2024, subject to the satisfaction of customary closing conditions. Valley intends to use the net proceeds from this offering for general corporate purposes and for investments in Valley National Bank as regulatory capital. J.P....

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Mount Logan Capital Inc. Announces Third Quarter 2024 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Generated $10.7 million of insurance segment Spread Related Earnings (“SRE”) for the trailing twelve months ended September 30, 2024, a substantial increase over the prior year period, demonstrating the earnings power of the insurance segment Solid quarter for the asset management segment, earning $3.6 million in management and incentive fees, an increase of 41% over the prior year period. Achieved Fee Related Earnings (“FRE”) of $1.6 million for the quarter, up 126% as compared to third quarter 2023, and $7.5 million for the trailing twelve month period, a 37% increase compared to the prior year period During October, Mount Logan announced it, alongside BCP Partners Credit, will be acquiring Runway Growth Capital LLC, a $1.4 billion AUM private credit asset manager. Mount Logan will be participating in the transaction through a minority...

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Maxim Power Corp. Declares a Special Dividend of $0.50 per Share and Announces 2024 Third Quarter Financial and Operating Results, Amendment of the Senior Credit Facility, and Conversion and Termination of the Convertible Loan Facility

Written by Customer Service on . Posted in Dividend Reports And Estimates.

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the declaration of a $0.50 per share special dividend, the release of financial and operating results for the third quarter ended September 30, 2024, an amendment of the Senior Credit Facility, and conversion and termination of the Convertible Loan Facility. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM’s website on November 7, 2024. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS  Three Months Ended September 30, Nine Months EndedSeptember 30,($ in thousands except per share amounts) 2024 2023 2024 2023Revenue...

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FC Private Equity Realty Management Corp. and Telsec Property Corporation Announce Acquisitions of Melcor REIT Trust Units and Remind Minority Unitholders of Mini Tender Offer

Written by Customer Service on . Posted in Mergers And Acquisitions.

TORONTO, Nov. 07, 2024 (GLOBE NEWSWIRE) — Telsec Property Corporation (“Telsec“), a corporation controlled by Dick Van Grieken, and FC Private Equity Realty Management Corp. (“Firm Capital” and together with Telsec, the “Offerors“) are pleased to announce that since October 22, 2024 they have collectively acquired 237,490 trust units (“Trust Units“) of Melcor Real Estate Investment Trust (“Melcor REIT“) through both the facilities of the Toronto Stock Exchange (“TSX“) and the mini-tender offer proposed by the Offerors (the “Tender Offer“) to unitholders of Melcor REIT other than Melcor Developments Ltd. (“Melcor Parent“) and any related party of Melcor REIT or Melcor Parent (“Minority Unitholders“). As a result of these acquisitions,...

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Canoe Financial LP Announces Portfolio Management Changes

Written by Customer Service on . Posted in Public Companies.

CALGARY, Alberta, Nov. 07, 2024 (GLOBE NEWSWIRE) — Canoe Financial LP (“Canoe Financial”) announced today that PineStone Asset Management Inc. (“PineStone”) will replace Fiera Capital Corporation (“Fiera”) as sub-advisor for the following funds:Canoe Defensive Global Equity Fund Canoe Defensive International Equity Fund Canoe Defensive U.S. Equity Portfolio Class Canoe Global Equity FundPineStone, which currently acts as a sub-advisor to Fiera for the funds, will assume direct sub-advisory responsibilities as a result of this change. Canoe Financial also announced that it will appoint Nalmont Capital Inc. (“Nalmont”) as a sub-advisor, replacing Fiera, to provide risk management advisory for the following funds:Canoe Defensive Global Balanced Fund Canoe Defensive Global Equity Fund Canoe Defensive International Equity Fund Canoe...

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