Depository Trust & Clearing Corporation

Guggenheim Energy & Income Fund Announces Quarterly Distribution

Retrieved on: 
Thursday, June 1, 2023

Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in (i) securities of energy companies and (ii) income producing securities of other issuers.

Key Points: 
  • Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in (i) securities of energy companies and (ii) income producing securities of other issuers.
  • Under normal market conditions, the Fund will invest at least 70% of its Managed Assets in securities of energy companies.
  • 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.
  • If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available.

Guggenheim Investments Announces June 2023 Closed-End Fund Distributions

Retrieved on: 
Thursday, June 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.

DTCC Collaborates With Nomura Research Institute to Bring Greater Post-Trade Automation and Efficiency to Japan

Retrieved on: 
Tuesday, May 23, 2023

The Depository Trust & Clearing Corporation ( DTCC ), the premier post-trade market infrastructure for the global financial services industry, today announced its collaboration with Nomura Research Institute (NRI) to provide automated central matching capabilities for cash securities transactions in Japan.

Key Points: 
  • The Depository Trust & Clearing Corporation ( DTCC ), the premier post-trade market infrastructure for the global financial services industry, today announced its collaboration with Nomura Research Institute (NRI) to provide automated central matching capabilities for cash securities transactions in Japan.
  • NRI provides various financial services to Japan’s financial services firms.
  • Prior to this partnership, many broker/dealer firms leveraged two separate platforms, DTCC’s CTM and NRI’s SmartBridge, for trade matching with Japanese firms.
  • The platform helps buy-side firms – including investment managers, hedge funds, private banks, or outsourcers – and broker/dealers to efficiently match and confirm trade details.

ConocoPhillips Announces Early Results of Cash Tender Offer

Retrieved on: 
Tuesday, May 23, 2023

The Company also announced that the Financing Condition for the Tender Offer as described in the Offer to Purchase (as defined below) has been satisfied.

Key Points: 
  • The Company also announced that the Financing Condition for the Tender Offer as described in the Offer to Purchase (as defined below) has been satisfied.
  • Holders of Notes validly tendered and not validly withdrawn on or before the Early Tender Deadline and accepted for purchase will be eligible to receive the applicable Total Tender Offer Consideration (as defined in the Offer to Purchase), which includes an Early Tender Premium (as defined in the Offer to Purchase) of $30 per $1,000 principal amount of Notes.
  • The Total Tender Offer Consideration will be calculated by the Dealer Managers (identified below) for the Tender Offer at 10:00 a.m., New York City time, today, May 23, 2023.
  • The Tender Offer is made only by the Offer to Purchase, as amended by the May 9, 2023 press release increasing the aggregate maximum purchase price (excluding accrued interest) for the Tender Offer, and the information in this news release is qualified by reference to the Offer to Purchase.

Granite REIT Declares Distribution for May 2023

Retrieved on: 
Wednesday, May 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 May 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 May 2023.
  • The distribution will be paid by Granite on Thursday, June 15, 2023 to stapled unitholders of record at the close of trading on Wednesday, May 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 May 31, 2023, pursuant to United States Treasury Regulation Section 1.1446-4.

DiagnaMed Announces DTC Eligibility of Its Common Shares in the United States

Retrieved on: 
Wednesday, May 17, 2023

DTC Eligibility is expected to simplify the process of trading and enhance liquidity of DiagnaMed’s common shares in the United States.

Key Points: 
  • DTC Eligibility is expected to simplify the process of trading and enhance liquidity of DiagnaMed’s common shares in the United States.
  • The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic clearing and settlement of publicly traded companies.
  • Securities that are eligible to be electronically cleared and settled through DTC are considered "DTC eligible."
  • Being DTC eligible is expected to greatly simplify the process of trading and transferring the Company's common shares on the OTCQB.

U.S. Bancorp Announces Plan to Transition Outstanding U.S. Bancorp-Issued U.S. Dollar LIBOR-linked Securities to Term SOFR As Replacement Reference Rate after June 30, 2023

Retrieved on: 
Tuesday, May 16, 2023

Bancorp”) that use 3-month U.S. dollar LIBOR (“USD LIBOR”) as the reference rate and are governed by U.S. law (such instruments collectively, the “Legacy LIBOR Instruments”).

Key Points: 
  • Bancorp”) that use 3-month U.S. dollar LIBOR (“USD LIBOR”) as the reference rate and are governed by U.S. law (such instruments collectively, the “Legacy LIBOR Instruments”).
  • Annex B provides details on such USD LIBOR-linked instruments that will transition to 3-month Term SOFR following June 30, 2023.
  • Annex C provides details on such USD LIBOR-linked instruments that will transition, pursuant to the terms of such instruments, to 3-month Term SOFR following June 30, 2023.
  • In advance of the June 30, 2023, further notices relating to 3-month Term SOFR as the benchmark replacement rate for USD LIBOR for Legacy LIBOR Instruments held through The Depository Trust Company (“DTC”) will be made pursuant to the DTC LIBOR Replacement Index Communication Tool.

Freddie Mac Posts LIBOR-Indexed Securities Fallback Rate Information to DTCC LENS, Updates Legacy LIBOR CUSIP List

Retrieved on: 
Tuesday, May 16, 2023

MCLEAN, Va., May 16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that, in addition to the fallback information on Freddie Mac legacy LIBOR-indexed securities currently posted to Freddie Mac's Reference Rates Transition webpage , it has posted that information to the LIBOR Replacement Index Communication solution using The Depository Trust & Clearing Corporation’s (DTCC) Legal Notice System (LENS).

Key Points: 
  • MCLEAN, Va., May 16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced that, in addition to the fallback information on Freddie Mac legacy LIBOR-indexed securities currently posted to Freddie Mac's Reference Rates Transition webpage , it has posted that information to the LIBOR Replacement Index Communication solution using The Depository Trust & Clearing Corporation’s (DTCC) Legal Notice System (LENS).
  • Freddie Mac securities will transition from LIBOR to replacement indices based on the Secured Overnight Funding Rate (SOFR), beginning on July 1, 2023.
  • “This solution will provide investors and others who subscribe to DTCC LENS a second channel for accessing LIBOR fallback information on Freddie Mac securities,” said Freddie Mac Treasurer, Ameez Nanjee, program sponsor for the enterprise’s LIBOR Transition.
  • To view the list and learn more about the LIBOR transition, please visit the Freddie Mac Reference Rates Transition webpage .

TravelCenters of America Inc. Announces Intention to Delist 8.25% Senior Notes Due 2028, 8.00% Senior Notes Due 2029, and 8.00% Senior Notes Due 2030 (Nasdaq: TANNI; TANNL; TANNZ) from the Nasdaq

Retrieved on: 
Tuesday, May 16, 2023

As a result, TA expects the delisting of the Notes to become effective on or about June 5, 2023, from which time the Notes will no longer be listed on the Nasdaq.

Key Points: 
  • As a result, TA expects the delisting of the Notes to become effective on or about June 5, 2023, from which time the Notes will no longer be listed on the Nasdaq.
  • TA has not made arrangements for the listing and/or registration of the Notes on another national securities exchange or quotation medium.
  • TA announced today that it will redeem all of the Notes outstanding on June 15, 2023 (the "Redemption Date").
  • TA has instructed the trustee for the Notes, U.S. Bank National Association (the "Trustee"), to distribute a notice of redemption to all registered holders of the Notes.

Nutrien Declares Quarterly Dividend of US$0.53 per Share

Retrieved on: 
Wednesday, May 10, 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 July 14, 2023, to shareholders of record on June 30, 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 July 14, 2023, to shareholders of record on June 30, 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.