Depository Trust & Clearing Corporation

Granite REIT Declares Distribution for July 2023

Retrieved on:

Monday, July 17, 2023

Commercial Building & Real Estate, Construction & Property, REIT, Depository Trust & Clearing Corporation, TSX, FICC, Granite Real Estate, Real estate investing, CDN, Toronto Stock Exchange, Granite, Trustee, Treasury regulations, Cryptocurrency, Security (finance)

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 July 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 July 2023.
The distribution will be paid by Granite on Tuesday, August 15, 2023 to stapled unitholders of record at the close of trading on Monday, July 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 July 31, 2023, pursuant to United States Treasury Regulation Section 1.1446-4.

Chainlink CCIP Launches on Mainnet With DeFi Leaders Synthetix and Aave as Early Adopters

Retrieved on:

Monday, July 17, 2023

PARIS, July 17, 2023 /PRNewswire/ -- Chainlink, the industry-standard Web3 services platform, announced today that the Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Ethereum, Optimism, Polygon and Avalanche blockchains. Leading DeFi protocols are adopting CCIP to power cross-chain smart contracts, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs now integrating CCIP on mainnet into the protocol. On July 20, CCIP will become available to all developers across five testnets: Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai.

Key Points:

Leading DeFi protocols are adopting CCIP to power cross-chain smart contracts , including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs now integrating CCIP on mainnet into the protocol.
BGD Labs , a Web3 development initiative, is integrating Chainlink CCIP into the Aave Protocol to future-proof its cross-chain governance system.
"We're excited to leverage Chainlink CCIP for secure, reliable, and scalable cross-chain communication on the next iteration of the Aave protocol.
Learn more about the Chainlink CCIP Mainnet Early Access launch: https://blog.chain.link/ccip-mainnet-early-access/

Pegasus Digital Mobility Acquisition Corp. Announces Third Extension and Further Voluntary Payments Into Trust Account

Retrieved on:

Friday, July 14, 2023

The Company intends to utilize the further time available to it until December 31, 2023 to consummate its proposed Business Combination with Gebr.

Key Points:

The Company intends to utilize the further time available to it until December 31, 2023 to consummate its proposed Business Combination with Gebr.
The monthly contribution shall be equal to $0.03 (three U.S. cents) per Public Share (as defined below) then outstanding.
Public Shareholders may elect to redeem all or a portion of their Public Shares.
The Company does not have any control over this process or over the brokers or The Depository Trust Company.

Popular, Inc. Announces Redemption of Senior Notes Due 2023

Retrieved on:

Friday, July 14, 2023

Banking, Other Professional Services, Professional Services, Finance, Popular, Debt-to-GDP ratio, BPOP, DTC, Depository Trust & Clearing Corporation, Note, BNY Mellon, Bank, Redemption, Depository Trust Company, Security (finance)

Popular, Inc. (“Popular”) (NASDAQ: BPOP) announced today that it has delivered a redemption notice to The Bank of New York Mellon, as trustee, to redeem, on August 14, 2023 (the “Redemption Date”), all outstanding $300,000,000 aggregate principal amount of the 6.125% Senior Notes due 2023 (the “2023 Notes”) issued by Popular.

Key Points:

Popular, Inc. (“Popular”) (NASDAQ: BPOP) announced today that it has delivered a redemption notice to The Bank of New York Mellon, as trustee, to redeem, on August 14, 2023 (the “Redemption Date”), all outstanding $300,000,000 aggregate principal amount of the 6.125% Senior Notes due 2023 (the “2023 Notes”) issued by Popular.
The redemption price for the 2023 Notes will be a price equal to 100% of the principal amount of the 2023 Notes to be so redeemed, plus accrued and unpaid interest to the Redemption Date (the “Redemption Price”).
The 2023 Notes are held only in book-entry form through The Depository Trust Company (“DTC”).
Holders of the 2023 Notes need not take any action to receive payment of the Redemption Price.

Brookfield Corporation Announces Redemption Price for Notes due April 1, 2024

Retrieved on:

Thursday, July 13, 2023

NEWS, DTC, TSX, Depository Trust & Clearing Corporation, Note, Brookfield (corporation), News, NYSE, Depository Trust Company, Sale, Bank, Security (finance)

BROOKFIELD, NEWS, July 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced today the following redemption price for the redemption of a $550 million principal amount of its Notes due April 1, 2024 co-issued by its subsidiaries, Brookfield Finance Inc. and Brookfield Finance LLC (the “Notes”) (per $1,000 principal amount), which will be completed on July 14, 2023:

Key Points:

BROOKFIELD, NEWS, July 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced today the following redemption price for the redemption of a $550 million principal amount of its Notes due April 1, 2024 co-issued by its subsidiaries, Brookfield Finance Inc. and Brookfield Finance LLC (the “Notes”) (per $1,000 principal amount), which will be completed on July 14, 2023:
Total redemption price and accrued and unpaid interest: $1,011.44
Pursuant to the procedures of The Depository Trust Company (“DTC”) for partial early redemption of debt issues, the individual book entry holdings to be redeemed will be selected on a lottery basis.
Following the redemption, there will be $200 million principal amount of the Notes outstanding.
The redemption was previously announced and is more fully described in Brookfield Corporation’s news release of June 14, 2023.
Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the Notes through DTC should contact their DTC customer service representative with any questions about the redemption.

Hertz Lithium Announces U.S. Trading on OTCQB and Comments on Rio Tinto Entry into Grass Roots Lithium Exploration Projects

Retrieved on:

Thursday, July 13, 2023

Robert Barker, Director, comments: "Trading on the OTCQB, along with our Frankfurt, Germany listing, enables our U.S. and European shareholders to more effectively participate in trading Hertz shares and will increase liquidity in multiple jurisdictions.

Key Points:

Robert Barker, Director, comments: "Trading on the OTCQB, along with our Frankfurt, Germany listing, enables our U.S. and European shareholders to more effectively participate in trading Hertz shares and will increase liquidity in multiple jurisdictions.
RIO TINTO ENTRY INTO GRASS ROOTS LITHIUM PROJECTS IN JAMES BAY, QUEBEC-HERTZ CONDUCTING DUE DILLIGENCE ON ADJACENT PROJECTS
The Company is pleased to learn that Rio Tinto has recently entered the grass roots lithium exploration field.
Through its subsidiary Rio Tinto Exploration Canada (RTEC), the mining major will be searching for lithium on the Corvet and Kaanaaya properties, owned by TSX-V-listed Azimut Exploration.
HERTZ LITHIUM CONDUCTING DUE DILLIGENCE ON JAMES BAY, QUEBEC AND BRAZIL PROJECTS
Hertz Lithium is currently conducting due diligence on projects that may be near or adjoining Rio Tinto projects in James Bay Quebec and also in certain lithium potential areas of Brazil, where Rio Tinto has also acquired projects.

Potash Miners Seek to Expand as Demand for the Mineral Grows

Retrieved on:

Wednesday, July 5, 2023

NEW YORK, July 5, 2023 /PRNewswire/ -- Potash is a valuable mineral that is widely used in the production of fertilizers, as well as in various industrial processes. It is a naturally occurring salt that contains potassium in a water-soluble form. Potassium is an essential nutrient for plant growth, and therefore, potash plays a vital role in agriculture as fertilizers containing potash help to improve crop yields and increase plant resistance to disease and pests. Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture. As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production. And, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (OTC: SGPTF) (TSX-V: SAGE), Nutrien Ltd. (NYSE: NTR), FMC Corporation (NYSE: FMC), Intrepid Potash, Inc. (NYSE: IPI), The Mosaic Company (NYSE: MOS)

Key Points:

Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture.
As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production.
The conventional mining methods involve the use of heavy equipment, explosives, and underground tunnels to extract the potash ore.
This method involves drilling a borehole into the potash deposit and injecting a solution into the ore body to dissolve the potash.

Potash Miners Seek to Expand as Demand for the Mineral Grows

Retrieved on:

Wednesday, July 5, 2023

NEW YORK, July 5, 2023 /PRNewswire/ -- Potash is a valuable mineral that is widely used in the production of fertilizers, as well as in various industrial processes. It is a naturally occurring salt that contains potassium in a water-soluble form. Potassium is an essential nutrient for plant growth, and therefore, potash plays a vital role in agriculture as fertilizers containing potash help to improve crop yields and increase plant resistance to disease and pests. Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture. As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production. And, according to data published by the Business Research Company, the global potash market size will grow from USD 22.04 Billion in 2022 to USD 23.03 Billion in 2023, at a compound annual growth rate (CAGR) of 4.5%. Sage Potash Corp. (OTC: SGPTF) (TSX-V: SAGE), Nutrien Ltd. (NYSE: NTR), FMC Corporation (NYSE: FMC), Intrepid Potash, Inc. (NYSE: IPI), The Mosaic Company (NYSE: MOS)

Key Points:

Potash also helps to improve the quality of crops by enhancing their flavor, color, and texture.
As a result, the market value projections for potash are positive, with the global demand for potash expected to increase due to the growing population and the need for increased food production.
The conventional mining methods involve the use of heavy equipment, explosives, and underground tunnels to extract the potash ore.
This method involves drilling a borehole into the potash deposit and injecting a solution into the ore body to dissolve the potash.

Guggenheim Investments Announces July 2023 Closed-End Fund Distributions

Retrieved on:

Monday, July 3, 2023

Depository Trust & Clearing Corporation, Section, FICC, Policy, Life insurance

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.

Lion Announces Plan to Implement ADS Ratio Change

Retrieved on:

Monday, July 3, 2023

DTC, Depository Trust & Clearing Corporation, Lion, Effective date, ADS, American depositary receipt, Tax, Depository Trust Company, Sale, LGHL, DRS, Security (finance)

HONG KONG, July 3, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.0001 per share, from the current ADS Ratio of one (1) ADS to one (1) Class A ordinary share, to a new ADS Ratio of one (1) ADS to fifty (50) Class A ordinary shares (the "ADS Ratio Change").

Key Points:

HONG KONG, July 3, 2023 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.0001 per share, from the current ADS Ratio of one (1) ADS to one (1) Class A ordinary share, to a new ADS Ratio of one (1) ADS to fifty (50) Class A ordinary shares (the "ADS Ratio Change").
The Company anticipates that the ADS Ratio Change will be effective on or about July 13, 2023 (the "Effective Date").
The ADS Ratio Change will have no impact on Lion's underlying Class A ordinary shares, and no Class A ordinary shares will be issued or cancelled in connection with the ADS Ratio Change.
As a result of the change in the ADS Ratio, Lion's ADS trading price is expected to increase proportionally, although the Company can give no assurance that the ADS trading price after the ADS Ratio Change will be equal to or greater than fifty (50) times the ADS trading price before the change.