Funding

Altus Group Reports Q4 and Fiscal 2023 Financial Results; Announces Quarterly Dividend Payment

Retrieved on: 
Thursday, February 22, 2024
Cloud, Intelligence, Free cash flow, Net, CRE, TSX, Analytics, Altus Group, Funding, Table, Adjustment, Earnings, Property tax, Revenue, EPS, Development, Environment, Retail

Consolidated Adjusted EBITDA* was $34.2 million, down 2.2% (3.4% on a Constant Currency basis).

Key Points: 
  • Consolidated Adjusted EBITDA* was $34.2 million, down 2.2% (3.4% on a Constant Currency basis).
  • Net cash provided by operating activities was $44.7 million, up 62.7%, and Free Cash Flow* was a record $40.1 million, up 109.3%.
  • Analytics revenues were $103.2 million, up 7.4% (6.1% on a Constant Currency basis), of which Recurring Revenue* was $93.0 million, up 8.4% (7.0% on a Constant Currency basis).
  • “2023 was a year of significant progress driving revenue, profit and free cash flow growth,” commented Jim Hannon, Chief Executive Officer of Altus Group.

Comvest Credit Partners Provides Financing to Billhighway to Support Acquisition Strategy

Retrieved on: 
Tuesday, March 5, 2024
Professional Services, Payments, Data Management, Technology, Software, Finance, Consulting, Lovell Minnick Partners, Acquisition, Partner, CRM, Organization, Funding, LMP, Video game

The Financing will be used to refinance existing debt and support Billhighway’s acquisition of ChapterSpot, a provider of customer relationship management (CRM).

Key Points: 
  • The Financing will be used to refinance existing debt and support Billhighway’s acquisition of ChapterSpot, a provider of customer relationship management (CRM).
  • Founded in 1999, Billhighway provides an integrated software platform that helps multi-chapter member-based organizations improve efficiency through applications that span membership and event management, reporting and analytics, payment processing and invoicing.
  • We look forward to working together in support of Billhighway’s growth,” said Dan Lee, a Partner of Comvest.
  • “Comvest has long track record of supporting high-growth software and payments businesses, and we are excited to partner with the Comvest team in support of Billhighway’s continued growth strategy,” said Trevor Rich, Partner at LMP.

Western Asset Term Funds Announce Stockholder Proposals

Retrieved on: 
Tuesday, February 20, 2024
Professional Services, Finance, ACT, Funding, ALL, AN, IGI, Fund, GDO, Bank statement, FUTURE, Cryptocurrency

Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) and Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) (individually, a “Fund” and collectively, the “Funds”) announced today approval by each Fund’s Board of Directors of a proposal that will allow stockholders of each Fund to remain invested, subject to stockholder approval.

Key Points: 
  • Western Asset Investment Grade Defined Opportunity Trust Inc. (NYSE: IGI) and Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) (individually, a “Fund” and collectively, the “Funds”) announced today approval by each Fund’s Board of Directors of a proposal that will allow stockholders of each Fund to remain invested, subject to stockholder approval.
  • If a Fund’s net assets following the tender offer are expected to be $50 million or greater, the tender offer will be completed and such Fund’s term will be eliminated.
  • If a Fund’s term is eliminated, the Fund’s name will change to reflect the elimination to “Western Asset Investment Grade Opportunity Trust Inc.” and “Western Asset Global Corporate Opportunity Fund Inc.” for IGI and GDO, respectively.
  • The approval of each Fund’s Amendment Proposal is not contingent upon the approval of the other Fund’s Amendment Proposal.

WILLOW BIOSCIENCES ANNOUNCES STRATEGIC INVESTMENT FROM KALSEC TO DEVELOP INNOVATIVE NATURAL FOOD INGREDIENTS

Retrieved on: 
Tuesday, February 20, 2024
AB, WLLW, TSX, Toronto Stock Exchange, Warrant, Food, Indian stock exchange, Funding, Acceleration, Legislation, Partnership, Security (finance)

CALGARY, AB, Feb. 20, 2024 /PRNewswire/ - Willow Biosciences Inc. ("Willow" or the "Company") (TSX: WLLW) (OTCQB: CANSF), a leading biotechnology company focused on revolutionizing industrial manufacturing of pure, consistent, and sustainable functional ingredients, is pleased to announce a strategic investment from Kalsec® Inc. ("Kalsec"), a leading global producer of natural taste and sensory, food protection, colors and advanced hops ingredients for the food and beverage industry, for the continued development of natural food ingredients.

Key Points: 
  • CALGARY, AB, Feb. 20, 2024 /PRNewswire/ - Willow Biosciences Inc. ("Willow" or the "Company") (TSX: WLLW) (OTCQB: CANSF), a leading biotechnology company focused on revolutionizing industrial manufacturing of pure, consistent, and sustainable functional ingredients, is pleased to announce a strategic investment from Kalsec® Inc. ("Kalsec"), a leading global producer of natural taste and sensory, food protection, colors and advanced hops ingredients for the food and beverage industry, for the continued development of natural food ingredients.
  • Proceeds from the Financing will be used for the commercialization and development of the Company's pipeline of products, including natural food ingredients, working capital, and general corporate purposes.
  • "We are delighted to expand our partnership with Kalsec to help bring the best products possible to Kalsec's customers with a keen focus on market-leading innovation and sustainability."
  • If the Milestone is achieved, the Company will issue a press release confirming details of the Additional Investment.

Credit Acceptance Announces Extension of $100.0 Million Asset-Backed Financing

Retrieved on: 
Friday, February 16, 2024
Credit Acceptance, Funding

Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1.

Key Points: 
  • Southfield, Michigan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we have extended the $100.0 million asset-backed non-recourse secured financing that we entered into on January 29, 2021 (the “Financing”) and to which we refer as Term ABS 2021-1.
  • Under the amendment effecting the extension, the date on which the Financing will cease to revolve has been extended from December 16, 2024 to February 17, 2026.
  • Since 1972, Credit Acceptance has offered financing programs that enable automobile dealers to sell vehicles to consumers, regardless of their credit history.
  • Credit Acceptance is publicly traded on the Nasdaq Stock Market under the symbol CACC.

SoFi and Tidal Announce Upcoming Changes to SoFi ETF Lineup

Retrieved on: 
Friday, February 9, 2024
SoFi, ETF, Tidal, Boss, Date, Trustee, BYOB, WKLY, Funding, Capital gain, Fund, Trust, Security (finance)

CHICAGO and MILWAUKEE and NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Tidal ETF Trust has agreed to the liquidation and closure of the SoFi Weekly Income ETF (NYSE: TGIF), SoFi Weekly Dividend ETF (NYSE: WKLY), SoFi Smart Energy ETF (NYSE: ENRG), SoFi Be Your Own Boss ETF (NASDAQ: BYOB), and SoFi Web 3 ETF (NASDAQ: TWEB) (the “Funds”), based on the recommendation of the Funds’ investment adviser, Tidal Investments LLC, a Tidal Financial Group company and SoFi Finance, Inc., the Funds’ Sponsor.

Key Points: 
  • CHICAGO and MILWAUKEE and NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of Tidal ETF Trust has agreed to the liquidation and closure of the SoFi Weekly Income ETF (NYSE: TGIF), SoFi Weekly Dividend ETF (NYSE: WKLY), SoFi Smart Energy ETF (NYSE: ENRG), SoFi Be Your Own Boss ETF (NASDAQ: BYOB), and SoFi Web 3 ETF (NASDAQ: TWEB) (the “Funds”), based on the recommendation of the Funds’ investment adviser, Tidal Investments LLC, a Tidal Financial Group company and SoFi Finance, Inc., the Funds’ Sponsor.
  • The Board of Trustees concluded that liquidating and closing the Funds would be in the best interest of each Fund and its shareholders.
  • Shareholders may sell their holdings in the Funds prior to the Closing Date and customary brokerage charges may apply to these transactions.
  • Please visit https://www.sofi.com/invest/etfs/ to see SoFi’s ETF line up and other investment options.

KraneShares Launches Defined Outcome ETFs (Tickers: KPRO, KBUF) For China Internet Exposure On The New York Stock Exchange

Retrieved on: 
Thursday, February 8, 2024
Ticker, ETF, KWEB, KPRO, Funding, Capital market, KBUF, KLIP, Security (finance)

NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Krane Funds Advisors, LLC (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of two China internet defined outcome ETFs on the New York Stock Exchange (NYSE).

Key Points: 
  • NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Krane Funds Advisors, LLC (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of two China internet defined outcome ETFs on the New York Stock Exchange (NYSE).
  • The ETF pair provides exposure to China’s internet sector with varying degrees of added downside protection.
  • The KraneShares 100% KWEB Defined Outcome January 2026 ETF (Ticker: KPRO) aims to match the performance of the KraneShares CSI China Internet ETF (Ticker: KWEB) to a predetermined cap of 22.69%, with 100% downside protection.
  • For more information on the KraneShares China Internet Defined Outcome ETF Suite please visit kraneshares.com/kbuf for information on KBUF or kraneshares.com/kpro for information on KPRO, or consult your financial advisor.

GAMCO Investors, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023

Retrieved on: 
Tuesday, February 6, 2024
Catalysis, ServiceNow, Weight loss, Growth, Apple, Eli Lilly, GABF, CrowdStrike, LOPP, Mag, Funding, AUM, ETF, PWM, Investment, Artificial intelligence, Net, Meta Platforms, Microsoft, CIO, Columbia Business School, Depression, CFA, Cryptocurrency

(b) Includes $227, $230, and $223 of 100% U.S. Treasury Money Market Fund AUM at December 31, 2023, September 30, 2023, and December 31, 2022, respectively.

Key Points: 
  • (b) Includes $227, $230, and $223 of 100% U.S. Treasury Money Market Fund AUM at December 31, 2023, September 30, 2023, and December 31, 2022, respectively.
  • Assets under management on December 31, 2023 were $31.1 billion, an increase of 6.5% from the $29.2 billion on September 30, 2023 reflecting general market trends.
  • Howard Ward, CFA, the CIO of Growth Investing, commented on The Gabelli Growth Fund’s 2023 performance: “The stars aligned for growth stocks in 2023.
  • Assets under management in SICAV on December 31, 2023 were $631 million, an increase from the $622 million on September 30, 2023.

YieldMax™ ETFs Announces Monthly Distributions on AMDY (87.93%), NFLY (78.50%), NVDY (69.23%), CONY (67.56%), FBY (61.15%) and Others

Retrieved on: 
Tuesday, February 6, 2024
ARK, Prospectus, GOOGL, Risk, Lovell Minnick Partners, NVDA, History, Government, Trust, ETF, MRNA, Investment, AAPL, Unitary state, GOOY, TRUST, AMD, Capital gain, NAV, TSLA, JPM, DIS, SQ, PYPL, COIN, Funding, Sale, Adviser, MSFT, XOM, AMZN, NFLX, Security (finance)

The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.

Key Points: 
  • The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV.
  • For TSLY, APLY, NVDY, AMZY, FBY, GOOY, NFLY, CONY and SQY, click here .
  • Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero.
  • If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

Latin Metals Announces Closing of Private Placement for Gross Proceeds of $0.7 Million

Retrieved on: 
Tuesday, February 6, 2024
Copper, AngloGold Ashanti, OTCQB, Project, Silver, Disclosure, TSX, Funding, TSX Venture Exchange, Confidentiality, Gold, Cerro Bayo, Metal, Acquisition, Minority, Mining

The engagement of insiders in the Financing highlights their ongoing support and confidence in Latin Metals' strategic direction and exploration potential.

Key Points: 
  • The engagement of insiders in the Financing highlights their ongoing support and confidence in Latin Metals' strategic direction and exploration potential.
  • Generative work is at the core of Latin Metals’ process and, in a sense, is the most important step.
  • Companies or individuals holding projects in Peru or Argentina are invited to contact Latin Metals management via our website here .
  • Copper Project Portfolio , Peru: In addition to the Lacsha project, Latin Metals has a diverse portfolio of exploration projects in Peru.