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Day: December 2, 2024

Brookfield Office Properties Announces Reset Dividend Rates and Conversion Privileges on Its Class AAA Series AA Preference Shares

Not for distribution to U.S. newswire services nor for dissemination to the United States.All amounts in Canadian dollars. BROOKFIELD NEWS, Dec. 02, 2024 (GLOBE NEWSWIRE) — Brookfield Office Properties Inc., a subsidiary of Brookfield Property Partners L.P., today announced the reset dividend rate on its Class AAA Preference Shares, Series AA (“Series AA Shares”) (TSX: BPO.PR.A). If declared, the fixed quarterly dividends on the Series AA Shares for the five years commencing January 1, 2025 and ending December 31, 2029 will be paid at an annual rate of 6.164% ($0.38525 per share per quarter). Holders of Series AA Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on December 16, 2024, to convert all or part of their Series AA Shares, on a one-for-one basis, into Class AAA Preference Shares,...

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Guggenheim Investments Announces December 2024 Closed-End Fund Distributions

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions:Record Date December 13, 2024   Ex-Dividend Date December 13, 2024   Payable Date December 31, 2024    Distribution ScheduleNYSE Ticker Closed-End Fund Name Distribution Per Share Change from Previous Distribution FrequencyAVK Advent Convertible and Income Fund $0.1172†   MonthlyGBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   MonthlyGOF Guggenheim Strategic Opportunities Fund $0.1821†   MonthlyGUG Guggenheim Active Allocation Fund $0.11875†   Monthly†...

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UPDATE — nCino to Participate in Upcoming Investor Conferences

WILMINGTON, N.C., Dec. 02, 2024 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences: Scotiabank Second Annual Global Technology ConferencePresentation: Tuesday, December 10, at 12:45 p.m. ET Barclays 22nd Annual Global Technology ConferencePresentation: Wednesday, December 11, at 6:05 p.m. ET A live webcast of the Barclays presentation will be available on the Events & Presentations page of the Investor Relations section of the Company website or by clicking here.  About nCinonCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences....

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IPG Photonics Completes Acquisition of CleanLASER

Acquisition Accelerates IPG Entry Into Growing Laser Cleaning Solutions MARLBOROUGH, Mass., Dec. 02, 2024 (GLOBE NEWSWIRE) — IPG Photonics Corporation (NASDAQ: IPGP) today announced that it has completed its acquisition of Clean-Lasersysteme GmbH (cleanLASER), a leader in laser cleaning systems. The purchase of cleanLaser strengthens IPG’s global position in high-precision laser systems for cleaning applications by bringing additional know-how, complementary market exposure, and product and technology synergies. “The acquisition of cleanLaser aligns with IPG’s strategic focus on expanding into promising new markets and applications. This move further differentiates our business by enhancing our ability to deliver comprehensive solutions that provide customers with cost-effective and environmentally sustainable alternatives...

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Black Hills Corp. Natural Gas Utility Receives Approval for New Rates in Iowa

RAPID CITY, S.D., Dec. 02, 2024 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company, LLC, doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100 million of pipeline system investments since the utility’s last general rate filing in 2021. “We are pleased to receive approval of a settlement that supports our commitment to our Iowa customers and communities to deliver safe and reliable natural gas service,” said Linn Evans, president and CEO of Black Hills Corp. “Our investments made on behalf of our customers are essential to supporting continued resilience of our Iowa natural gas system.” The approved black box settlement...

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Treace Appoints Guy Guglielmino as Chief Commercial Officer

PONTE VEDRA, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship Lapiplasty® and Adductoplasty® Procedures, today announced that Guy Guglielmino joined the Company as Chief Commercial Officer. In this new position, Mr. Guglielmino will lead Treace’s commercial efforts and play a pivotal role in driving the Company’s next phase of rapid innovation, strategic product commercialization, and growth. “I am thrilled to welcome Guy to the Treace team,” said John T. Treace, CEO, Founder and Board Member of Treace. “With a wealth of diverse medical technology industry experience, a demonstrated track record of strong customer engagement,...

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Microchip Technology Updates December 2024 Quarter Revenue Guidance, and Announces Manufacturing Restructuring Plans

CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) — Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, provided lower updated revenue guidance for the December 2024 quarter and announced manufacturing restructuring plans. “In the first two weeks of my newly appointed role as Interim CEO and President, I have done a deep dive into the operations of the Company and determined that certain actions are necessary. I want to clarify for investors that I plan to stay in this role, even though the title is interim, for as long as it is necessary, so there is no definitive timeline for my successor,” said Steve Sanghi, Microchip’s CEO, President and Chair of the Board. Mr. Sanghi continued, “We indicated in our November 2, 2024 earnings call that significant...

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Microchip Technology to Present at the UBS Global Technology and AI Conference

CHANDLER, Ariz., Dec. 02, 2024 (GLOBE NEWSWIRE) — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the UBS Global Technology and AI Conference on Tuesday, December 3, 2024 at 3:35 p.m. (Mountain Time). Presenting for the Company will be Mr. Steve Sanghi, President and Chief Executive Officer. A live webcast of the presentation will be made available by UBS, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company’s Securities and Exchange Commission filings. Copies of SEC filings can be obtained for free at the SEC’s website (www.sec.gov)...

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Wabash Extends Partnership with Goodyear as Preferred Tire Supplier for Trailers

Agreement enhances tire service access for Wabash customers through Goodyear’s extensive service network LAFAYETTE, Ind., Dec. 02, 2024 (GLOBE NEWSWIRE) — Wabash (NYSE: WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, today announced the renewal of its strategic agreement with The Goodyear Tire & Rubber Company (NASDAQ: GT), one of the world’s largest tire companies. This agreement reinforces Goodyear’s position as the preferred tire supplier for Wabash’s van, tank and platform trailers, and provides Wabash customers with full-service tire management support. “We are excited to continue our long-standing relationship with Goodyear,” said Richard Mansilla, vice president, global supply chain at Wabash. “This agreement strengthens our supply chain with a premium...

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Ocean Power Technologies Pre-Releases Preliminary Financial Results for Second Quarter Fiscal 2025

Confirms pathway to profitability in late 2025 based on record quarterly revenues and materially reduced expenses MONROE TOWNSHIP, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced preliminary financial results for the second quarter ended October 31, 2024 (Q2FY25). The preliminary results included in this press release are subject to change and have not been audited or reviewed by our independent auditor. The Company expects to file its second quarter financial results and update in mid‐December. Preliminary Q2FY25 Financial Highlights(All figures are preliminary, unaudited, and subject to finalization):Revenue: Estimated to be greater than $2 million, compared to $0.9 million for the same period last year, representing...

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