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Ninepoint Partners Appoints Christopher Bean as Head of Corporate Development

Retrieved on:

Wednesday, April 3, 2024

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TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the appointment of Christopher Bean as Managing Director, Head of Corporate Development.

Key Points:

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the appointment of Christopher Bean as Managing Director, Head of Corporate Development.
In this role, he will be responsible for identifying, evaluating, and executing strategic initiatives to drive growth of the organization.
Bean has more than two decades of experience as an investment banker, strategic advisor and corporate lawyer.
Bean holds an MBA from INSEAD and a Bachelor of Laws from the University of Western Ontario.

Flagship report from RBC Economics offers pragmatic solutions to the housing crisis

Retrieved on:

Monday, April 8, 2024

RBC, SVP, City, Research, Economics, Housing, Face, Policy, Self storage

Today, RBC Economics and Thought Leadership released The Great Rebuild: Seven ways to fix Canada's housing shortage .

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Today, RBC Economics and Thought Leadership released The Great Rebuild: Seven ways to fix Canada's housing shortage .
The report looks at the factors that led to Canada's housing crisis and advances policy ideas to address it.
"The current affordability crisis has been driven by a massive undersupply of housing in the face of booming demand," said Robert Hogue, assistant chief economist, RBC Economics.
"Canada needs to significantly grow its housing stock, especially rental and affordable housing, and it needs to do so quickly.

RBC announces changes to its executive team

Retrieved on:

Saturday, April 6, 2024

RBC, Interim, Bank statement, Employment, SVP, TSX, Controller, CFO

She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately.

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She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately.
RBC was recently made aware of allegations involving Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate.
The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases.
Ms. Gibson has been appointed interim CFO while a search is conducted.

RadNet Announces Closing of Public Offering of Common Stock

Retrieved on:

Tuesday, March 12, 2024

Exercise, Madison Avenue, Telephone, RadNet, Attention, Security (finance), RBC, Prospectus, Capital market, Syndicate, Jefferies, CJS, Jefferies Group, RBC Capital Markets, Life insurance

LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, announced today the closing of its underwritten public offering of 5,232,500 shares of its common stock at a price to the public of $44.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 682,500 additional shares of its common stock.

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LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, announced today the closing of its underwritten public offering of 5,232,500 shares of its common stock at a price to the public of $44.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 682,500 additional shares of its common stock.
The gross proceeds to RadNet from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are approximately $230.2 million.
RadNet intends to use the net proceeds from the proposed offering for general corporate purposes and future acquisitions.
RBC Capital Markets, Sidoti & Company, LLC and CJS Securities are acting as co-managers for the offering.

AM Best Affirms Credit Ratings of RBC Life Insurance Company

Retrieved on:

Wednesday, March 27, 2024

Banking, Professional Services, Insurance, Finance, Risk management, Life, ALL, News, RBC, Royal Bank, Credit, AM Best, Royal Bank of Canada, CAD

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of RBC Life Insurance Company (RBC Life) (Mississauga, Ontario).

Key Points:

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of RBC Life Insurance Company (RBC Life) (Mississauga, Ontario).
RBC Life is owned ultimately by Royal Bank of Canada (RBC), the largest bank in Canada, as measured by market capitalization.
Although RBC Life benefits from its relationship to RBC, the ratings of RBC Life currently do not receive any explicit notching for lift.
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Ronin Finances the Acquisition of Woodmaxx for its Market Leading Outdoor Equipment Company, Rebranding the Merged Group Engenuity

Retrieved on:

Wednesday, March 20, 2024

Sports, Other Retail, Finance, Specialty, Banking, Professional Services, Outdoors, Retail, Farmer, DK2, National Bank of Canada, Sale, RBC, Investment, HSBC, National bank, Multimedia, Engineering, Video game

Operationally-focused buyout group Ronin Equity Partners has funded through a $25 million term-loan facility the purchase of Woodmaxx by the market-leading outdoor equipment company, DK2.

Key Points:

Operationally-focused buyout group Ronin Equity Partners has funded through a $25 million term-loan facility the purchase of Woodmaxx by the market-leading outdoor equipment company, DK2.
As part of the deal, DK2 (formed 20 months ago through Ronin’s purchase and simultaneous merger of three companies) is being renamed Engenuity Outdoor Equipment.
“This latest transaction creates an extraordinarily diversified outdoor equipment business in sales channels and product offerings,” says Ronin Partner and Engenuity Chief Financial Officer, Tiffany Bell.
Engenuity is a leading North American outdoor equipment player, selling a wide range of woodchippers, snowplows, winches, auto accessories and trailers.

RBC iShares Launches Three New Bond ETFs on Cboe Canada

Retrieved on:

Wednesday, March 20, 2024

Finance, Banking, Professional Services, Other Professional Services, Asset Management, ETF, Risk, RPLS, RBC, IShares, Financial adviser

Cboe Canada Inc. (“Cboe Canada”) is pleased to welcome RBC iShares as they launch three new ETF series of existing RBC Fixed Income Pools today.

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Cboe Canada Inc. (“Cboe Canada”) is pleased to welcome RBC iShares as they launch three new ETF series of existing RBC Fixed Income Pools today.
The ETFs are now listed and trading on Cboe Canada under the symbols RCOR , RPLS , and RCNS , respectively, and are managed by RBC Global Asset Management Inc. (“RBC GAM”).
“We’re incredibly excited to expand our collaboration with RBC iShares as they advance the Canadian ETF landscape and provide investors with finely tuned investment solutions.”
RBC iShares’ three new bond funds join nine other RBC ETFs already listed on Cboe Canada.
RBC iShares ETFs are comprised of RBC ETFs and ETF Series of RBC Funds managed by RBC Global Asset Management Inc. and iShares ETFs managed by BlackRock Asset Management Canada Limited ("BlackRock Canada").

CI Financial Announces Meetings of Debentureholders to be Held on April 4, 2024

Retrieved on:

Wednesday, March 20, 2024

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Accordingly, the Corporation expects the Proposed Amendments to be approved at the meetings, in each case, subject to any proxies that are validly revoked or newly submitted prior to the applicable meeting.

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Accordingly, the Corporation expects the Proposed Amendments to be approved at the meetings, in each case, subject to any proxies that are validly revoked or newly submitted prior to the applicable meeting.
The Proposed Amendments are further described in the Joint Consent and Proxy Solicitation Statement (the “Solicitation Statement”) dated March 6, 2024, available on CI Financial’s SEDAR+ profile at www.sedarplus.ca .
This news release is neither a solicitation of consents or proxies nor an offer to purchase debentures or to sell any securities.
The Consent and Proxy Solicitation is being made solely pursuant to the Solicitation Statement.

Cerus Corporation Announces Positive Topline Results for the Phase 3 Clinical Trial of the INTERCEPT Blood System for Red Blood Cells in Cardiovascular Surgery Patients

Retrieved on:

Tuesday, March 19, 2024

Cerus Corporation (Nasdaq: CERS) today announced positive topline results for ReCePI, a pivotal Phase 3 clinical trial of pathogen reduced INTERCEPT Red Blood Cells (INTERCEPT RBCs) transfused to complex cardiac surgery patients.

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Cerus Corporation (Nasdaq: CERS) today announced positive topline results for ReCePI, a pivotal Phase 3 clinical trial of pathogen reduced INTERCEPT Red Blood Cells (INTERCEPT RBCs) transfused to complex cardiac surgery patients.
There was no clinical significance related to treatment-emergent RBC antibodies observed in five patients receiving INTERCEPT RBCs.
This safety endpoint is also being explored in the Company’s ongoing RedeS Phase 3 clinical trial of INTERCEPT RBCs.
“We are extremely pleased by the positive topline results of the ReCePI clinical trial,” stated Richard Benjamin, M.D., Ph.D., Cerus’ chief medical officer and principal investigator for the ReCePI clinical trial.

North American Helium Provides Operations and Business Update

Retrieved on:

Tuesday, March 19, 2024

North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.

Key Points:

North American Helium Inc. (“NAH” or the “Company”) today announced several updates supporting the continued growth of its business, including plans to add two additional helium purification facilities in Saskatchewan.
Mr. Nicholas Snyder, Chairman and CEO stated, “We are excited to continue increasing our production of reliable and sustainable helium supply in North America.
While the most recent global shortage has eased in recent months, the world continues to grapple with major risks to other global sources of helium.
The expanded capacity of our credit facility reflects the Company’s success to date and provides ample financial capacity to fund ongoing growth initiatives.”