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CIBC Asset Management Inc. announces that the CIBC Ares Strategic Income Fund is now available for purchase

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Vendredi, décembre 15, 2023

NYSE, Fund, CAM, Partnership, ARES, Growth, TSX, Security (finance)

TORONTO, Dec. 15, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that the CIBC Ares Strategic Income Fund (the "Fund"), managed by CAM, is now available for purchase.

Key Points:

TORONTO, Dec. 15, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that the CIBC Ares Strategic Income Fund (the "Fund"), managed by CAM, is now available for purchase.
The Fund will provide Canadian accredited investors with access to the Ares Strategic Income Fund ("ASIF"), a private credit solution that is managed by Ares Capital Management LLC, which forms part of the Ares Credit Group, a leading manager of liquid and illiquid credit strategies.
ASIF seeks to generate current income, the potential for capital appreciation and attractive risk-adjusted returns through market cycles.
With the growth of private credit, investors are looking to complement their fixed income strategies to take advantage of diversifying income solutions that provide yield enhancement.

MaaT Pharma Provides Third Quarter 2023 Business Update and Reports Financial Results

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Jeudi, novembre 9, 2023

We are proud to achieve these milestones and we will continue to work on generating value for our shareholders,” stated Siân Crouzet, CFO of MaaT Pharma.

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We are proud to achieve these milestones and we will continue to work on generating value for our shareholders,” stated Siân Crouzet, CFO of MaaT Pharma.
MaaT Pharma reported revenues from its compassionate access program of EUR 0.4 million for the quarter ended September 30, 2023 comparable with the third quarter of 2022.
2 The Company would like to correct a clerical error that was present in its Q2 results press release of July 27, 2023.
The EUR 0.9 million figure was the difference in revenue between H1 2023 and H1 2022 (EUR 1.4 million vs. EUR 0.5 million).

Lexar Announces New Products - the Perfect Gifts for Gamers Who Want to Level-Up Their Rigs

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Jeudi, décembre 14, 2023

M.2, Lighting, IOPS, DDR5, PCI Express, Steam Deck, PLAY, Lexar, Marketing, Intel, SLC, ASUS, Ultra, AMD, ARES, SSD, S, MSRP, TB, Video game

SAN JOSE, Calif., Dec. 14, 2023 /PRNewswire-PRWeb/ -- ARES RGB DDR5 7200 Desktop Memory

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Both products give gamers the blazing performance and unwavering reliability that they demand.
The Lexar ARES RGB DDR5 7200 Desktop Memory allows hardcore gamers and PC enthusiasts to experience superior performance with next-gen DDR5.
It also includes Lexar RGB Sync so gamers can customize and synchronize their lighting effects by color, intensity, and speed.
Perfect for handheld gaming consoles and small M.2 laptops, the Lexar PLAY 2230 PCIe 4.0 SSD delivers fantastic performance in a small form factor.

Lexar Announces Big Deals Available Leading up to and on Black Friday with up to 60% off Select Products

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Vendredi, novembre 17, 2023

SAN JOSE, Calif., Nov. 17, 2023 /PRNewswire-PRWeb/ --

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Customers can save up to 60% on a multitude of Lexar products, including memory modules, internal and portable SSDs, microSD, SD, and CFexpress cards, and card readers.
It delivers fast load times with read speeds of up to 160MB/s and quick downloads with write speeds up to 100MB/s.
"With sale prices on a variety of products, consumers are sure to find great deals on gifts for many people on their shopping lists."
Customers can see all sale items and shop by visiting the Lexar store on Amazon.

Ares Management Corporation Prices Offering of Senior Notes

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Mardi, novembre 7, 2023

Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that it has priced an offering of $500,000,000 aggregate principal amount of its 6.375% Senior Notes due 2028 (the “notes”).

Key Points:

Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that it has priced an offering of $500,000,000 aggregate principal amount of its 6.375% Senior Notes due 2028 (the “notes”).
The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC, Ares Finance Co. III LLC and Ares Finance Co. IV LLC.
The offering is expected to close on November 10, 2023, subject to the satisfaction of customary closing conditions.
The net proceeds from the offering will be approximately $496.0 million, after deducting the underwriting discount but before offering expenses.

Ares Management Corporation Reports Third Quarter 2023 Results

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Mardi, octobre 31, 2023

Asset Management, Professional Services, Finance, ARES, Growth, Telephone, Dividend, GAAP, NYSE, Eastern Time Zone, Webcast, Alberta Investment Management Corporation, Home, Music, Renewable energy, Holding company

Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2023.

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Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2023.
GAAP net income attributable to Ares Management Corporation was $61.8 million for the quarter ended September 30, 2023.
On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.30 for the quarter ended September 30, 2023.
The presentation is titled “Third Quarter 2023 Earnings Presentation.”
Ares will host a conference call on October 31, 2023 at 11:00 a.m. (Eastern Time) to discuss third quarter results.

X-energy and Ares Acquisition Corporation Mutually Agree to Terminate Business Combination Agreement

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Mardi, octobre 31, 2023

X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.

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X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today that they have mutually agreed to terminate their previously announced business combination agreement (the “Business Combination Agreement”), effective immediately.
Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement.
In view of the termination of the Business Combination Agreement, AAC determined that it will not be able to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (as amended, the “Articles”).
As of November 6, 2023, AAC will cease all operations except those required to wind up AAC’s business.

Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit

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Lundi, octobre 30, 2023

Professional Services, Philanthropy, Fund Raising, Finance, Foundation, Asset Management, Global health, NYSE, ARES, Alternative Credit Investments, Organization, Pathfinder, Trust, Alberta Investment Management Corporation, Fund, Uncertainty, Pharmaceutical industry, Bank

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments.

Key Points:

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments.
The Fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target and was approximately 80 percent larger than the predecessor fund which had total commitments of $3.7 billion.
The Fund held its final closing only seven months following its first closing in March 2023.
As of June 30, 2023, the Ares Alternative Credit strategy is one of the largest investors in asset based credit managing approximately $27.8 billion in assets under management, including the Pathfinder family of funds.

MaaT Pharma Announces Positive Outcome Following DSMB Review Reinforcing Confidence in Phase 3 On-Going Trial in Acute Graft-versus-Host Disease with MaaT013

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Jeudi, octobre 26, 2023

Therefore, the DSMB concluded that the benefit/risk ratio with “high efficacy and low toxicity” was favorable in this patient population.

Key Points:

Therefore, the DSMB concluded that the benefit/risk ratio with “high efficacy and low toxicity” was favorable in this patient population.
“We are delighted to report significant progress in the development of therapeutic solutions for patients battling severe acute GvHD.
Modulation of the microbiota is increasingly proving to be a breakthrough in the oncology field,” stated Hervé Affagard, CEO and co-founder of MaaT Pharma.
As per protocol, the DSMB met to review a specific safety and efficacy data analysis at Day 28, after inclusion of 30 patients.

ARES Security is Featured in CIO Review, May 2023 Edition

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Mercredi, octobre 18, 2023

ARES, Management, Risk management

VIENNA, Va., Oct. 18, 2023 /PRNewswire/ -- ARES Security's Chief Executive Officer, Ben Eazetta, spoke with CIO Review to discuss the concept of reimagining the security paradigm through the power of digital twins.

Key Points:

VIENNA, Va., Oct. 18, 2023 /PRNewswire/ -- ARES Security's Chief Executive Officer, Ben Eazetta, spoke with CIO Review to discuss the concept of reimagining the security paradigm through the power of digital twins.
"Our comprehensive range of solutions and extensive understanding of security allows us to use digital twins to demonstrate the unfolding of an event and improve response.
This allows clients to assign a score to quantify their effectiveness against a threat."