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Day: November 13, 2024

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.14 per Share

RYE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American:ECF) (the “Fund”) declared a $0.14 per share cash distribution payable on December 30, 2024, to common shareholders of record on November 22, 2024. Shareholders who are not members of the Fund’s Automatic Dividend Investment Plan will be given the option to receive the distribution either in cash or in beneficial shares of the Fund. The distribution is taxable to shareholders whether or not they choose to receive cash. The expiration date of the option is December 13, 2024. Shareholders who do not make an election will receive the distribution in beneficial shares. The number of shares that holders will be entitled to receive under the share option will be determined on December 16, 2024, either on the basis...

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Element Reports Record Third Quarter Results, Raises Common Dividend, and Provides Full-Year 2025 Guidance

Amounts in US$ unless otherwise notedGenerates record quarterly net revenue of $280 million; an increase of 12% year-over-year led by double-digit growth across all revenues categoriesDelivers adjusted EPS of $0.29 and adjusted free cash flow per share of $0.36Raises common dividend by 8% from CAD$0.48 to CAD$0.52 per share annually and announces intention to renew Normal Course issuer Bid (“NCIB”)Completes acquisition of Autofleet, accelerating digital strategyGuides to net revenue growth of 6.5 to 8.5%, positive operating leverage, and high single- to low double-digit growth in each of adjusted operating income, adjusted EPS, and adjusted free cash flow per share in 2025TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly...

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Stardust Power Announces Q3 2024 Financial Results

GREENWICH, Conn., Nov. 13, 2024 (GLOBE NEWSWIRE) — Stardust Power Inc. (“Stardust Power” or the “Company”) (Nasdaq: SDST), an American developer of battery-grade lithium products, today announced its results for the third quarter ended September 30, 2024. Third Quarter Business Updates and Subsequent Events Operational highlights for the third quarter of 2024 include:Completion of the business combination with Global Partner Acquisition Corp II and subsequent listing on the Nasdaq Global Market (“Nasdaq”). Strengthened senior management team with the appointment of Paramita Das as Chief Strategy Officer and Senior Advisor to the Chief Executive Officer and Adam Johnson as Chief Commercial Officer. Selection of Primero USA to complete a Front-End Loading-3 (FEL-3) engineering design and cost study for the centrally located lithium...

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Flagship Communities Real Estate Investment Trust Announces Third Quarter 2024 Results

Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its third quarter 2024 results. The financial results of the REIT are presented in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (the “IASB”). Results are shown in U.S. dollars, unless otherwise noted. Third Quarter 2024 Results:Rental revenue for the three months ended September 30, 2024 was $23.2 million, an increase of 27.9% compared to $18.2 million for the three months ended September 30, 2023 Same Community Revenue1 for the three months ended September 30, 2024 was $19.7 million, up 12.7% compared to $17.5...

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Dada Announces Unaudited Third Quarter 2024 Financial Results

SHANGHAI, China, Nov. 13, 2024 (GLOBE NEWSWIRE) — Dada Nexus Limited (NASDAQ: DADA, “Dada”, the “Company”, or “we”), China’s leading local on-demand retail and delivery platform, today announced its unaudited financial results for the third quarter ended September 30, 2024. “Our customer-centric high-quality growth strategy and effective execution delivered impressive results in the third quarter of 2024,” said Mr. Kevin Qing Guo, Chairman of the Board of Dada. “Driven by our commitment to providing quality products and instant delivery, JD NOW1 continued to build trust and mindshare among users. The year-on-year growth in both monthly transacting users2 and orders through the JD App maintained strong momentum, increasing by over 100% in the third quarter of 2024. Optimization to customer experience also fueled the growth in repeat...

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Mattr Announces Third Quarter 2024 Results

TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) — Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three and nine months ended September 30, 2024. This press release should be read in conjunction with the Company’s management’s discussion and analysis (“MD&A”) and interim consolidated financial statements for the three and nine months ended September 30, 2024, which are available on the Company’s website at www.mattr.com and at www.sedarplus.ca. Highlights from the third quarter include:On a consolidated basis (including Continuing Operations and Discontinued Operations), Mattr reported revenue of $250 million, Net Income of $13 million, Adjusted EBITDA1 of $37 million, diluted Earnings Per Share (“EPS”) of $0.19 and diluted Adjusted EPS1 of $0.23 during the quarter....

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RGC Resources, Inc. Reports 2024 Earnings

ROANOKE, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) — RGC Resources, Inc. (Nasdaq: RGCO) announced consolidated Company earnings of $11,760,896, or $1.16 per share, for the fiscal year ended September 30, 2024, compared to $11,299,282, or $1.14 per share, for the fiscal year ended September 30, 2023. The increase reflected higher levels of earnings from the Company’s investment in the Mountain Valley Pipeline (“MVP”) due to more AFUDC in fiscal 2024 prior to the pipeline being placed in service in June 2024. The lower cost of natural gas in 2024 reduced bills to customers and revenues for the Company, despite inflationary costs leading to higher tariffs. Interest expense also increased primarily due to higher interest rates. Roanoke Gas continued investing in utility infrastructure to enhance system reliability and enable growth in customers...

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Orchid Island Capital Announces November 2024 Monthly Dividend and October 31, 2024 RMBS Portfolio Characteristics

November 2024 Monthly Dividend of $0.12 Per Share of Common Stock   Estimated Book Value Per Share as of November 8, 2024 of approximately $8.30 to $8.34 RMBS Portfolio Characteristics as of October 31, 2024 Next Dividend Announcement Expected December 10, 2024VERO BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) — Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of November 2024. The dividend of $0.12 per share will be paid December 30, 2024 to holders of record of the Company’s common stock on November 29, 2024, with an ex-dividend date of November 29, 2024. The Company plans on announcing its next common stock dividend on December 10, 2024. The Company intends to make regular monthly cash distributions to its holders...

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Sutro Biopharma Reports Third Quarter 2024 Financial Results and Business Highlights

– Expects to deliver three Investigational New Drug (IND) applications in next three years based on next-generation ADC technology – – Two new clinical trials, REFRαME-P1, a registration-enabling trial of luvelta for pediatric patients with rare leukemia, and REFRαME-L1, a Phase 2 trial of luvelta for patients with non-small cell lung cancer, are underway – – Sutro presented data from the Phase 1b study of luvelta in combination with bevacizumab at ESMO 2024 demonstrating a 56% response rate at the recommended Phase 2 dose of luvelta (4.3 mg/kg) – – As of September 30, 2024, Sutro had $388.3 million in cash, cash equivalents and marketable securities – SOUTH SAN FRANCISCO, Calif., Nov. 13, 2024 (GLOBE NEWSWIRE) — Sutro Biopharma, Inc. (Sutro or the Company) (NASDAQ: STRO), a clinical-stage...

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BioSyent Schedules Q3 and YTD 2024 Earnings Release for November 20, 2024

MISSISSAUGA, Ontario, Nov. 13, 2024 (GLOBE NEWSWIRE) — BioSyent Inc. (“BioSyent”, “the Company”, TSX Venture: RX) will be reporting its financial results for the three and nine months ended September 30, 2024 on Wednesday, November 20, 2024 before market opening. A presentation on the Company’s third quarter and year-to-date 2024 results by René Goehrum, BioSyent President and CEO, will also be available on the Company’s website on the date of release. About BioSyent Inc. Listed on the TSX Venture Exchange under the trading symbol “RX”, BioSyent is a profitable growth-oriented specialty pharmaceutical company focused on in-licensing or acquiring innovative pharmaceutical and other healthcare products that have been successfully developed, are safe and effective, and have a proven track record of improving the lives of patients....

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