Financial market

Timbercreek Financial Announces ATM Offering

Friday, June 18, 2021 - 10:21pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales amount of up to $90 million (the Maximum Amount) to the public from time to time, at the Companys discretion.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) (Timbercreek Financial or the Company) today announced that it has established an at-the-market equity program (the ATM Program) that allows the Company to issue common shares from treasury (Common Shares) having an aggregate gross sales amount of up to $90 million (the Maximum Amount) to the public from time to time, at the Companys discretion.
  • The Company is committed to diversifying its sources of capital to fund mortgage originations and enhanced return portfolio investments, said Blair Tamblyn, Chief Executive Officer of Timbercreek Financial.
  • Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
  • This news release contains forward-looking statements about Timbercreek Financial, including, but not limited to, anticipated sales of Common Shares through the ATM Program and the proposed use of proceeds from the ATM Program.

Income Financial Declares Monthly Distribution

Friday, June 18, 2021 - 2:00pm

TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.11317 per unit.

Key Points: 
  • TORONTO, June 18, 2021 (GLOBE NEWSWIRE) -- Income Financial Trust ("Income Financial") declares its monthly distribution of $0.11317 per unit.
  • Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of Income Financial's units over the last 3 trading days of the preceding month.
  • Income Financial unitholders have received a total of $34.93 per unit in distributions since inception, inclusive of this distribution.
  • Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian & U.S. banks, life insurance and investment firms.

OTC Markets Group Welcomes Hochschild Mining PLC to OTCQX

Friday, June 18, 2021 - 12:00pm

NEW YORK, June 18, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Hochschild Mining PLC (LSE: HOC: OTCQX: HCHDF), an underground precious metals producer, has qualified to trade on the OTCQX Best Market.

Key Points: 
  • NEW YORK, June 18, 2021 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Hochschild Mining PLC (LSE: HOC: OTCQX: HCHDF), an underground precious metals producer, has qualified to trade on the OTCQX Best Market.
  • Hochschild Mining PLC upgraded to OTCQX from the Pink market.
  • Hochschild Mining PLC begins trading today on OTCQX under the symbol "HCHDF."
  • About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX Best Market, the OTCQB Venture Market and the Pink Open Market for 11,000 U.S. and global securities.

Inland Bank and Trust Partners with Leading Global Advisory Firm Chatham Financial

Thursday, June 17, 2021 - 10:25pm

Inland Bank and Trust (Inland Bank) recently partnered with leading global advisory and technology firm Chatham Financial (Chatham).

Key Points: 
  • Inland Bank and Trust (Inland Bank) recently partnered with leading global advisory and technology firm Chatham Financial (Chatham).
  • Chatham is the largest independent financial risk management firm in the United States with extensive expertise in the debt and derivatives markets.
  • This strategic partnership expands Inland Banks advisory capabilities and provides commercial borrowers customized finance solutions and competitive terms through interest rate swaps.
  • We look forward to working with Inland Bank to provide borrowers with tailored financing options and the necessary tools to succeed, said Matthew Tevis, Managing Partner of the Financial Institutions Practice at Chatham Financial.

Ingles Markets, Incorporated Announces Closing of its Senior Notes Offering

Thursday, June 17, 2021 - 9:15pm

Ingles Markets, Incorporated (Ingles or the Company) (NASDAQ: IMKTA) today announced the closing of its previously announced private offering of $350.0 million aggregate principal amount of 4.000% Senior Notes due 2031 (the Notes).

Key Points: 
  • Ingles Markets, Incorporated (Ingles or the Company) (NASDAQ: IMKTA) today announced the closing of its previously announced private offering of $350.0 million aggregate principal amount of 4.000% Senior Notes due 2031 (the Notes).
  • The Company will use the net proceeds from the offering to redeem in full the Companys issued and outstanding 5.75% Senior Notes due 2023 (the Existing Notes), repay the outstanding balance under its existing credit facility, and pay related fees and expenses.
  • This press release does not constitute a notice of redemption with respect to the Existing Notes.
  • Ingles Markets, Incorporated is a leading grocer with operations in six southeastern states.

S Immo (SPI): Future strategy depends on takeover bid

Thursday, June 17, 2021 - 8:01am

Its future investments agenda depends on the outcome of the IMMOFINANZ takeover bid.

Key Points: 
  • Its future investments agenda depends on the outcome of the IMMOFINANZ takeover bid.
  • S Immo shares trade at 0.89x its last reported EPRA NTA of 24.79 per share.
  • About Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors.
  • Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector.

Northern Oil and Gas, Inc. Announces Public Offering of Common Stock

Wednesday, June 16, 2021 - 9:16pm

Northern Oil and Gas, Inc. (NYSE American: NOG) (the Company) announced today that it has commenced an underwritten public offering of 5,000,000 shares of its common stock (the Offering).

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE American: NOG) (the Company) announced today that it has commenced an underwritten public offering of 5,000,000 shares of its common stock (the Offering).
  • The Company intends to grant the underwriters a 30-day option to purchase up to an additional 750,000 shares of its common stock.
  • The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.
  • The consummation of the Offering is not conditioned upon the completion of the Permian Acquisition and the consummation of the Offering is not a condition to the completion of the Permian Acquisition.

Liquidity Services awarded a contract by NEPO to sell commercial vehicles and construction equipment on its online marketplace AllSurplus

Wednesday, June 16, 2021 - 8:47pm

BETHESDA, Md., June 16, 2021 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT) is proud to have been awarded a place on the NEPO202 framework Remarketing of Vehicles and Plant Equipment.

Key Points: 
  • BETHESDA, Md., June 16, 2021 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT) is proud to have been awarded a place on the NEPO202 framework Remarketing of Vehicles and Plant Equipment.
  • Under the 4-year contract awarded by NEPO, Liquidity Services will sell used cars, commercial vehicles, and construction equipment on behalf of a range of public sector organisations in the United Kingdom including local authorities, educational establishments, emergency services and NHS bodies.
  • All items for sale can be viewed and purchased on AllSurplus.com, Liquidity Services leading marketplace for business surplus.
  • Established in 1976, NEPO undertakes high-value procurement in major strategic areas of spend in conjunction with North Eastern UK local authorities and a range of associate members.

The Law Offices of Frank R. Cruz Announces Investigation of DraftKings Inc. (DKNG) on Behalf of Investors

Tuesday, June 15, 2021 - 7:30pm

The Law Offices of Frank R. Cruz announces an investigation of DraftKings Inc. (DraftKings or the Company) (NASDAQ: DKNG ) on behalf of investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation of DraftKings Inc. (DraftKings or the Company) (NASDAQ: DKNG ) on behalf of investors concerning the Companys possible violations of federal securities laws.
  • On June 15, 2021, before the market opened, Hindenburg Research published a report calling DraftKings a $21 billion SPAC betting it can hide its black market operations.
  • The report cited concerns over its merger with SBTech, a Bulgaria-based gaming technology company that allegedly deals in black market gaming, money laundering, and organized crime.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of DraftKings Inc. (DKNG) on Behalf of Investors

Tuesday, June 15, 2021 - 6:11pm

Law Offices of Howard G. Smith announces an investigation on behalf of DraftKings Inc. (DraftKings or the Company) (NASDAQ: DKNG ) investors concerning the Companys possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of DraftKings Inc. (DraftKings or the Company) (NASDAQ: DKNG ) investors concerning the Companys possible violations of federal securities laws.
  • On June 15, 2021, before the market opened, Hindenburg Research published a report calling DraftKings a $21 billion SPAC betting it can hide its black market operations.
  • The report cited concerns over its merger with SBTech, a Bulgaria-based gaming technology company that allegedly deals in black market gaming, money laundering, and organized crime.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.