Economy of Toronto

Brookfield Select Opportunities Income Fund Announces Quarterly Distribution

Retrieved on: 
Wednesday, March 18, 2020
Economy of Toronto, Toronto Stock Exchange

TORONTO, March 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Select Opportunities Income Fund (the Fund) (TSX: BSO.UN) announces a distribution of C$0.15 per unit for the quarter ending March 31, 2020.

Key Points: 
  • TORONTO, March 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Select Opportunities Income Fund (the Fund) (TSX: BSO.UN) announces a distribution of C$0.15 per unit for the quarter ending March 31, 2020.
  • The distribution will be paid on or before April 15, 2020 to holders of record on March 31, 2020.
  • The Fund uses its website as a channel of distribution of company information.
  • Financial and other material information regarding the Fund is routinely posted on and accessible at https://publicsecurities.brookfield.com/ .

Brookfield Global Infrastructure Securities Income Fund Announces Quarterly Distribution

Retrieved on: 
Wednesday, March 18, 2020
Economy of Toronto, S&P/TSX 60 Index, Companies, Stock exchanges, Brookfield Asset Management, Brookfield Renewable Partners, Standard & Poor's, Companies listed on the Toronto Stock Exchange

TORONTO, March 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Global Infrastructure Securities Income Fund (the Fund) (TSX: BGI.UN) today announced a distribution of C$0.15 per unit for the quarter ending March 31, 2020.

Key Points: 
  • TORONTO, March 18, 2020 (GLOBE NEWSWIRE) -- Brookfield Global Infrastructure Securities Income Fund (the Fund) (TSX: BGI.UN) today announced a distribution of C$0.15 per unit for the quarter ending March 31, 2020.
  • The distribution will be paid on or before April 15, 2020 to holders of record on March 31, 2020.
  • PSG is a wholly-owned subsidiary of Brookfield Asset Management Inc., a leading global alternative asset manager with over US$540 billion of assets under management as of December 31, 2019.
  • The Fund uses its website as a channel of distribution of company information.

STRONGCO CORPORATION COMPLETES ARRANGEMENT WITH NORS S.A.

Retrieved on: 
Wednesday, March 18, 2020
Economy of Toronto, Toronto Stock Exchange, Subsidiary, Companies, Business, Articles

MISSISSAUGA, Ontario, March 18, 2020 (GLOBE NEWSWIRE) -- Strongco Corporation (Strongco) (TSX:SQP) announced today that it has completed a previously announced court approved statutory plan of arrangement (the Arrangement) pursuant to which a wholly-owned subsidiary of Nors S.A. (Nors) acquired all of the issued and outstanding common shares of Strongco (Strongco Shares) for cash consideration of CAD$3.15 per Strongco Share, or CAD$42,120,914.85 in the aggregate.

Key Points: 
  • MISSISSAUGA, Ontario, March 18, 2020 (GLOBE NEWSWIRE) -- Strongco Corporation (Strongco) (TSX:SQP) announced today that it has completed a previously announced court approved statutory plan of arrangement (the Arrangement) pursuant to which a wholly-owned subsidiary of Nors S.A. (Nors) acquired all of the issued and outstanding common shares of Strongco (Strongco Shares) for cash consideration of CAD$3.15 per Strongco Share, or CAD$42,120,914.85 in the aggregate.
  • Further details regarding the Arrangement are included in the proxy circular of Strongco dated February 11, 2020, a copy of which is available under Strongcos issuer profile on SEDAR at www.sedar.com .
  • Following completion of the Arrangement, Strongco is expected to carry on its existing business activities as an indirect, wholly-owned subsidiary of Nors.
  • Nors is a multi-line distributor of equipment used in diverse industries, including commercial, construction, environmental, and agriculture.

Granite REIT Declares Distribution for March 2020

Retrieved on: 
Tuesday, March 17, 2020
Construction & Property, REIT, Real estate investment trust, Granite Real Estate, Economy of Toronto, Toronto Stock Exchange, Trust law, Stock exchanges, Companies, Economy of Canada

Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD$0.242 per stapled unit for the month of March 2020.

Key Points: 
  • Granite Real Estate Investment Trust (Granite) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CAD$0.242 per stapled unit for the month of March 2020.
  • The distribution will be paid by Granite on April 15, 2020 to stapled unitholders of record at the close of trading on March 31, 2020.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of industrial, warehouse and logistics properties in North America and Europe.

BROOKFIELD RENEWABLE AND TERRAFORM POWER ENTER INTO A DEFINITIVE MERGER AGREEMENT

Retrieved on: 
Tuesday, March 17, 2020
Economy of Toronto, Brookfield Renewable Partners, Companies, Economy of Ontario, Brookfield, Brookfield Asset Management

Each share of Class A common stock of TerraForm Power will be acquired for consideration equivalent to 0.381 of a Brookfield Renewable unit.

Key Points: 
  • Each share of Class A common stock of TerraForm Power will be acquired for consideration equivalent to 0.381 of a Brookfield Renewable unit.
  • The Special Committee of the Board of Directors at TerraForm Power (the Special Committee), comprised solely of non-executive, independent directors of TerraForm Power, has unanimously recommended that TERP shareholders approve the transaction.
  • Brookfield Renewable operates one of the worlds largest publicly traded, pure-play renewable power platforms.
  • Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with over $540 billion of assets under management.

CIBC lowers prime lending rate

Retrieved on: 
Monday, March 16, 2020
Economy of Toronto, Economy of Canada, Canadian Imperial Bank of Commerce, Economy of Ontario, Toronto Stock Exchange, CIBC Mellon, Gerald T. McCaughey

TORONTO, March 16, 2020 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 50 basis points from 3.45 per cent to 2.95 per cent, effective Tuesday, March 17, 2020.

Key Points: 
  • TORONTO, March 16, 2020 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 50 basis points from 3.45 per cent to 2.95 per cent, effective Tuesday, March 17, 2020.
  • CIBC is a leading Canadian-based global financial institution with 10 million personal banking, business, public sector and institutional clients.
  • Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations acrossCanada,in the United Statesand around the world.
  • Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html .

Canadian General Investments, Limited Files Annual Disclosure Documents

Retrieved on: 
Monday, March 16, 2020
Financial statements, Service companies, Toronto Stock Exchange, Corporate finance, Economy of Toronto, CGI Inc., Annual report, Companies

TORONTO, Canada, March 16, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (the Company) (TSX:CGI) (TSX:CGI.PR.D) (LSE:CGI), announces that it has submitted its 2019 Annual Report, which includes the Management Report of Fund Performance and Audited Financial Statements and the 2020 Management Information Circular, including the Notice of Annual Meeting of Shareholders, Form of Proxy and Annual Information Form with applicable Canadian securities regulators and to the National Storage Mechanism ( http://www.morningstar.co.uk/uk/NSM ).

Key Points: 
  • TORONTO, Canada, March 16, 2020 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (the Company) (TSX:CGI) (TSX:CGI.PR.D) (LSE:CGI), announces that it has submitted its 2019 Annual Report, which includes the Management Report of Fund Performance and Audited Financial Statements and the 2020 Management Information Circular, including the Notice of Annual Meeting of Shareholders, Form of Proxy and Annual Information Form with applicable Canadian securities regulators and to the National Storage Mechanism ( http://www.morningstar.co.uk/uk/NSM ).
  • FOR FURTHER INFORMATION PLEASE CONTACT:

RBC Royal Bank decreases prime rate

Retrieved on: 
Monday, March 16, 2020
Companies, Royal Bank of Canada, S&P/TSX 60 Index, RBC Bank, Economy of Canada, Economy of Toronto

TORONTO, March 16, 2020 /CNW/ - RBC Royal Bank today decreased its prime rate by 50 basis points to 2.95 per cent from 3.45 per cent, effective March 17, 2020.

Key Points: 
  • TORONTO, March 16, 2020 /CNW/ - RBC Royal Bank today decreased its prime rate by 50 basis points to 2.95 per cent from 3.45 per cent, effective March 17, 2020.
  • Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
  • Our success comes from the 85,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper.
  • We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.

CIBC announces changes to the CIBC Atlas Clean Energy Index

Retrieved on: 
Monday, March 16, 2020
Canadian Imperial Bank of Commerce, Companies, Economy of Toronto, Economy of Canada, CIBC Bank USA, Toronto Stock Exchange, CIBC Mellon, Oppenheimer Holdings

DENVER, March 16, 2020 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance following close of business on March 20, 2020, will result in changes to the CIBC Atlas Clean Energy Index (the "Index") as follows:

Key Points: 
  • DENVER, March 16, 2020 /PRNewswire/ - CIBC (NYSE: CM) (TSX: CM) today announced that the index rebalance following close of business on March 20, 2020, will result in changes to the CIBC Atlas Clean Energy Index (the "Index") as follows:
    Orion Energy Systems Inc (Ticker: OESX) will be added to the index
    Constituent additions to and deletions from the Index do not reflect an opinion by CIBC U.S.
  • CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world.
  • In the U.S., CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning.
  • CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC.

Urbana Corporation: 2019 Annual Financial Statements

Retrieved on: 
Friday, March 13, 2020
Toronto Stock Exchange, Economy of Toronto

/NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES

Key Points: 
  • /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES
    TORONTO, March 13, 2020 (GLOBE NEWSWIRE) -- Urbana Corporation (TSX & CSE: URB & URB.A)
    Urbana Corporation (Urbana) announces today that it has submitted its audited Annual Financial Statements and Managements Discussion and Analysis for the year ended December 31, 2019 to the applicable Canadian securities regulators.