Depository Trust & Clearing Corporation

Granite REIT Declares Distribution for August 2023

Retrieved on: 
Thursday, August 17, 2023

Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution of CDN $0.2667 per stapled unit for the month of August 2023.

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 CDN $0.2667 per stapled unit for the month of August 2023.
  • The distribution will be paid by Granite on Friday, September 15, 2023 to stapled unitholders of record at the close of trading on Thursday, August 31, 2023.
  • Granite confirms that no portion of the distribution constitutes effectively connected income for U.S. federal tax purposes.
  • A qualified notice providing the breakdown of the sources of the distribution will be issued to the Depository Trust & Clearing Corporation subsequent to the record date of August 31, 2023, pursuant to United States Treasury Regulation Section 1.1446-4.

FG Merger Corp. Announces it will Adjourn the Special Meeting of Shareholders to Approve Business Combination with iCoreConnect

Retrieved on: 
Tuesday, August 8, 2023

FG Merger Corp. (Nasdaq: FGMC), a special purpose acquisition company (“FGMC”), today announced that it will adjourn FGMC’s special meeting of shareholders (the “Special Meeting”) scheduled to be held on August 11, 2023 at 10:00 am Eastern Time.

Key Points: 
  • FG Merger Corp. (Nasdaq: FGMC), a special purpose acquisition company (“FGMC”), today announced that it will adjourn FGMC’s special meeting of shareholders (the “Special Meeting”) scheduled to be held on August 11, 2023 at 10:00 am Eastern Time.
  • The Special Meeting will be adjourned to August 18, 2023 at 10:00 a.m. Eastern Time.
  • As previously announced, the Special Meeting will occur virtually via live webcast at https://www.cstproxy.com/fgmerger/2023 .
  • The record date for the determination of shareholders entitled to vote at the Special Meeting, including all adjournments thereof, remains July 11, 2023.

Sprott Inc. Declares Second Quarter 2023 Dividend

Retrieved on: 
Tuesday, August 8, 2023

TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) --  Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a second quarter 2023 dividend of US$0.25 per common share, payable on September 5, 2023 to shareholders of record at the close of business on August 21, 2023.

Key Points: 
  • TORONTO, Aug. 08, 2023 (GLOBE NEWSWIRE) --  Sprott Inc. (“Sprott” or the “Company”) (NYSE/TSX: SII) announced today that its Board of Directors has declared a second quarter 2023 dividend of US$0.25 per common share, payable on September 5, 2023 to shareholders of record at the close of business on August 21, 2023.
  • However, beneficial holders whose intermediary is a participant in CDS, may elect to change the currency of their dividend payments to U.S. dollars and can contact their broker for more details.
  • Registered shareholders, other than CDS, who are residents of Canada and wish to receive their dividend in U.S. dollars should make arrangements to deposit their common shares with CDS, and make a currency election, prior to August 21, 2023.
  • The dividend is designated as an eligible dividend for Canadian income tax purposes.

Nutrien Declares Quarterly Dividend of US$0.53 per Share

Retrieved on: 
Wednesday, August 2, 2023

Nutrien Ltd. (TSX and NYSE: NTR) announced today that its Board of Directors has declared a quarterly dividend of US$0.53 per share payable on October 13, 2023, to shareholders of record on September 29, 2023.

Key Points: 
  • Nutrien Ltd. (TSX and NYSE: NTR) announced today that its Board of Directors has declared a quarterly dividend of US$0.53 per share payable on October 13, 2023, to shareholders of record on September 29, 2023.
  • However, registered shareholders of Nutrien may elect to change the currency of their dividend payments to US dollars or Canadian dollars, as applicable.
  • In addition, Nutrien offers registered shareholders direct deposit by electronic funds transfer for dividend payments.
  • All dividends paid by Nutrien are, pursuant to subsection 89(14) of the Income Tax Act (Canada), designated as eligible dividends.

Plymouth Industrial REIT Announces Redemption of Series A Preferred Stock

Retrieved on: 
Wednesday, August 2, 2023

BOSTON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that, on September 6, 2023, it will redeem all of its outstanding 7.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) for a total redemption payment of $48.8 million.

Key Points: 
  • BOSTON, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) today announced that, on September 6, 2023, it will redeem all of its outstanding 7.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) for a total redemption payment of $48.8 million.
  • The shares of Series A Preferred Stock are currently traded on the NYSE American exchange under the symbol “PLYM-PrA” (CUSIP No.
  • The shares of Series A Preferred Stock will be redeemed at a redemption price of $25.00 per share.
  • Payment to DTC will be made by Continental Stock Transfer & Trust Company, Plymouth’s paying agent for the Series A Preferred Stock.

Guggenheim Investments Announces August 2023 Closed-End Fund Distributions

Retrieved on: 
Tuesday, August 1, 2023

Final determination of the character of distributions will be made at year-end.

Key Points: 
  • Final determination of the character of distributions will be made at year-end.
  • Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital.
  • Unless otherwise noted, the distributions above are not anticipated to include a return of capital.
  • The final determination of the source and tax characteristics of all distributions will be made after the end of the year.

StepStone Private Markets (SPRIM) Transitions to Daily Admittance and Daily Valuation

Retrieved on: 
Tuesday, July 25, 2023

NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- StepStone Private Wealth (“SPW”) today announced that StepStone Private Markets (“SPRIM™”), SPW’s core private markets evergreen fund, began publishing a daily net asset value (“NAV”) allowing investors to invest on a daily basis effective July 17.

Key Points: 
  • NEW YORK, July 25, 2023 (GLOBE NEWSWIRE) -- StepStone Private Wealth (“SPW”) today announced that StepStone Private Markets (“SPRIM™”), SPW’s core private markets evergreen fund, began publishing a daily net asset value (“NAV”) allowing investors to invest on a daily basis effective July 17.
  • SPRIM, the firm’s $1.3 billion, broad-based private markets solution that spans private equity, private debt and real assets, is now available to accredited investors via numerous wealth management platforms on a daily basis.
  • “We are proud to be among the first platforms to introduce a daily NAV for a multi asset-class private markets fund.
  • SPRIM is available on the National Securities Clearing Corporation (NSCC) platform while subscription agreements will continue to be accepted on a daily basis for platforms that prefer them.

Franchise Group, Inc. Announces Redemption of 7.50% Series A Cumulative Perpetual Preferred Stock

Retrieved on: 
Wednesday, July 19, 2023

DELAWARE, Ohio, July 19, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that it has issued a notice of redemption (the “Redemption”) for all outstanding shares of its 7.50% Series A Cumulative Perpetual Preferred Stock (CUSIP: 35180X204) (the “Preferred Stock”).

Key Points: 
  • DELAWARE, Ohio, July 19, 2023 (GLOBE NEWSWIRE) -- Franchise Group, Inc. (NASDAQ: FRG) (“Franchise Group” or the “Company”) today announced that it has issued a notice of redemption (the “Redemption”) for all outstanding shares of its 7.50% Series A Cumulative Perpetual Preferred Stock (CUSIP: 35180X204) (the “Preferred Stock”).
  • From and after the Redemption Date, dividends shall cease to accrue on the Preferred Stock and the Preferred Stock will no longer be deemed outstanding and all rights of the holders of the Preferred Stock, other than the right to receive the Redemption Price upon Redemption, will cease and terminate.
  • Payment to DTC for the Preferred Stock will be made by Equiniti Trust Company, LLC, the Company’s redemption agent for the Preferred Stock.
  • This press release does not constitution a notice of redemption under the certificate of designation governing the Preferred Stock and is qualified in its entirety by reference to the notice of redemption issued by Franchise Group.

Morgan Stanley Domestic Holdings, Inc. Announces Redemption in Whole of Its 3.800% Senior Notes Due 2027 and 4.500% Senior Notes Due 2028

Retrieved on: 
Tuesday, July 18, 2023

The Notes are the Issuer’s only outstanding series of notes and, as a result, after the Optional Redemption Date, the Issuer will have no outstanding series of notes.

Key Points: 
  • The Notes are the Issuer’s only outstanding series of notes and, as a result, after the Optional Redemption Date, the Issuer will have no outstanding series of notes.
  • Such redemption price will be determined shortly before the Optional Redemption Date in accordance with the terms of the Notes.
  • Such redemption price will be determined shortly before the Optional Redemption Date in accordance with the terms of the Notes.
  • Beginning on the Optional Redemption Date, the Notes will no longer be deemed outstanding and interest shall cease to accrue on the Notes.

CME Group and DTCC to Increase Cross-Margining Opportunities for the Treasury Markets

Retrieved on: 
Tuesday, July 18, 2023

FICC-cleared U.S. Treasury notes and bonds and Repo transactions that have a time to maturity greater than one year will also be eligible.

Key Points: 
  • FICC-cleared U.S. Treasury notes and bonds and Repo transactions that have a time to maturity greater than one year will also be eligible.
  • "Today's announcement builds on 20 years of our organizations working together to create efficiencies for Treasury market participants," said Suzanne Sprague, CME Group Global Head of Clearing and Post-Trade Services.
  • CME Group is extremely pleased to expand on our collaboration with DTCC to deliver greater opportunities for capital efficiencies for participants who trade across cash and futures markets."
  • To view the CME Group rule filing, click here .