TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Commerce Split Corp. (the “Company”) announces there will be no change to the annual rates of the Company’s Preferred Shares for the new five-year term commencing December 1, 2024. Payments will continue to be equal to 6.00% annually or $0.30 per Class I Preferred Share and 7.50% annually or $0.375 per Class II Preferred Share (if and when the net asset value per unit exceeds $10.00), based on their $5.00 repayment values. These rates are 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 five year period from December 1, 2024 to December 1, 2029. In relation to the term extension, the Company has an additional retraction right for those shareholders not wishing to continue...

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Citadel Income Fund (TSX – CTF.UN) (the “Fund”) is pleased to announce that the distributions per Unit, beginning with the September 30, 2024 record date, will be increased from $0.01 per unit to $0.02 per unit. The following distributions per unit will be declared payable on each distribution payment date to unitholders (“Unitholders”) of record on the distribution record date indicated below.  Record Date Payment Date Amount (C$ per Unit)     September 30, 2024 October 15, 2024 $0.02    October 31, 2024 November 15, 2024 $0.02    November 30, 2024 December 16, 2024 $0.02    December 31, 2024 January 15, 2025 $0.02           Details about the Fund’s annual redemption will be provided to Unitholders towards end of the month in accordance with the Fund’s declaration...

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...

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...

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...

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...

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...

TORONTO, Sept. 18, 2024 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable October 10, 2024 to shareholders on record as at September 30, 2024. Since inception Class A shareholders have received a total of $8.25 per share and Preferred shareholders have received a total of $11.89 per share inclusive of this distribution, for a combined total of $20.14 per unit. The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.Distribution Details     Class...

TORONTO, Sept. 17, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of September 2024 for its open-end exchange traded funds and closed-end funds (“the Funds”). The ex-distribution date for all Open-End Funds is September 26, 2024. The ex-distribution date for all closed-end funds is September 27, 2024.Open-End Funds TickerSymbol Distributionpershare/unit RecordDate PayableDate DistributionFrequencyApple (AAPL) Yield Shares Purpose ETF – ETF Units APLY $ 0.1667 09/26/2024 10/02/2024 MonthlyPurpose Canadian Financial Income Fund – ETF Series BNC $ 0.1225¹ 09/26/2024 10/02/2024 MonthlyPurpose Global Bond Fund – ETF Units BND $ 0.0840 09/26/2024 10/02/2024 MonthlyBerkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units BRKY $...

VANCOUVER, British Columbia, Sept. 17, 2024 (GLOBE NEWSWIRE) — Western Pacific Trust Company (“WPTC”) (TSXV: WP) is pleased to announce that its board of directors has declared its second annual dividend on common shares. This step reflects WPTC’s ongoing growth and underscores the company’s commitment to enhancing shareholder value. The decision to declare this second consecutive annual dividend follows WPTC’s robust financial performance and the company’s optimistic outlook for the future. WPTC has consistently demonstrated strong growth over recent years, supported by its focus on providing competitive, responsive, and expert service in a niche market. “We are delighted to declare our second annual dividend on common shares, which underscores Western Pacific Trust Company’s progress and success,” stated Alison...