TD Securities

Two Harbors Investment Corp. Announces the Appointment of Nicholas Letica as Chief Investment Officer

Retrieved on: 
Monday, August 15, 2022 - 3:15pm

(NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced the appointment of Nicholas (Nick) Letica as Chief Investment Officer to lead the companys Investment and Hedging Strategy.

Key Points: 
  • (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, today announced the appointment of Nicholas (Nick) Letica as Chief Investment Officer to lead the companys Investment and Hedging Strategy.
  • He will report directly to William Greenberg, President and Chief Executive Officer, who previously also held the role of Chief Investment Officer.
  • I am very pleased to announce the addition of Nick Letica as our new Chief Investment Officer, stated Mr. Greenberg.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Turquoise Hill Special Committee Finds Rio Tinto’s Privatization Proposal Does Not Reflect Full & Fair Value of the Company

Retrieved on: 
Monday, August 15, 2022 - 5:26am

Engagement between the parties has not resulted in a consensus on value and price or in any improved proposal from Rio Tinto.

Key Points: 
  • Engagement between the parties has not resulted in a consensus on value and price or in any improved proposal from Rio Tinto.
  • In consideration of the foregoing, the Special Committee determined that it is not in the best interests of the Company or the Companys minority shareholders for the Special Committee to support the Rio Tinto Proposal.
  • Ms. Maryse Saint-Laurent, Chair of the Special Committee, comments:
    Market conditions in the equity and copper markets have changed significantly since the receipt of Rio Tintos privatization proposal in March.
  • The Special Committee has considered all relevant factors in reaching its decision, including TDs preliminary indications of value analysis.

NETSTREIT Corp. Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

Retrieved on: 
Thursday, August 11, 2022 - 9:02pm

The closing of the option exercise is expected to occur on August 12, 2022, subject to customary closing conditions.

Key Points: 
  • The closing of the option exercise is expected to occur on August 12, 2022, subject to customary closing conditions.
  • Wells Fargo Securities, BofA Securities and Jefferies acted as the book-running managers and representatives of the underwriters for the offering.
  • Baird, BTIG, Scotiabank, Capital One Securities, Regions Securities LLC, Berenberg, TD Securities, Ramirez & Co., Inc. and Roberts & Ryan acted as co-managers for the offering.
  • The Company initially will not receive any proceeds from the sale of shares of its common stock by the forward purchasers.

Canoe Mining Ventures Announces Election of Bruce Langstaff to the Board of Directors

Retrieved on: 
Thursday, August 11, 2022 - 12:00pm

Toronto, Ontario--(Newsfile Corp. - August 11, 2022) - Canoe Mining Ventures Corp. (TSXV: CLV) (the "Company") is pleased to announces that Mr. Bruce Langstaff was elected to its board of directors (the "Board") at the annual and special shareholder meeting (the "Meeting") of its shareholders held on August 9, 2022.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - August 11, 2022) - Canoe Mining Ventures Corp. (TSXV: CLV) (the "Company") is pleased to announces that Mr. Bruce Langstaff was elected to its board of directors (the "Board") at the annual and special shareholder meeting (the "Meeting") of its shareholders held on August 9, 2022.
  • Mr. Langstaff is the Managing Director of Langstaff & Company Ltd., an advisory and consulting firm focused on assisting companies and their stakeholders during extraordinary corporate events.
  • In addition, Mr. Langstaff is the Executive Chairman of Copland Road Capital Corporation, public company listed on the Canadian Securities Exchange.
  • Mr. Langstaff holds a Bachelor of Commerce degree from Queen's University and holds the CFA designation.

Lumen Announces Early Tender Results

Retrieved on: 
Saturday, August 6, 2022 - 2:11am

(4) Includes the Maximum Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the applicable offeror.

Key Points: 
  • (4) Includes the Maximum Tender Early Tender Premium (as defined in the Offer to Purchase and Solicitation Statement) for Notes validly tendered prior to the Early Tender Date (and not validly withdrawn) and accepted for purchase by the applicable offeror.
  • (5) As further described in the Offer to Purchase and Solicitation Statement, the Lumen Notes are also subject to the Series Tender Cap of $350,000,000.
  • Because the aggregate principal amount of Maximum Tender Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date did not exceed the Aggregate Maximum Tender Amount or the Series Tender Cap, the applicable offeror intends to purchase all of the Maximum Tender Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Date on the terms described below.
  • Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States.

NETSTREIT Corp. Announces Pricing of Upsized Forward Common Stock Offering

Retrieved on: 
Thursday, August 4, 2022 - 2:30am

NETSTREIT Corp. (the Company) announced today that it has priced a public offering of 9,000,000 shares of its common stock at a price to the public of $20.20 per share in connection with the forward sale agreements described below.

Key Points: 
  • NETSTREIT Corp. (the Company) announced today that it has priced a public offering of 9,000,000 shares of its common stock at a price to the public of $20.20 per share in connection with the forward sale agreements described below.
  • The Company has granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock.
  • Wells Fargo Securities, BofA Securities and Jefferies are acting as the book-running managers and representatives of the underwriters for the offering.
  • The Company initially will not receive any proceeds from the sale of shares of its common stock by the forward purchasers.

Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Primary Public Offering of Common Stock

Retrieved on: 
Tuesday, August 2, 2022 - 3:00am

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the Company) announced today the pricing of an underwritten public offering of 7,600,000 shares of its common stock at a public offering price of $23.00 per share.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the Company) announced today the pricing of an underwritten public offering of 7,600,000 shares of its common stock at a public offering price of $23.00 per share.
  • The Company has granted the underwriters a 30-day option to purchase up to an additional 1,140,000 shares of common stock.
  • The offering was upsized from the previously announced offering size of 6,500,000 shares of common stock.
  • Wells Fargo Securities, BofA Securities and Citigroup are acting as the joint lead book-running managers of the offering.

Lumen Announces Cash Tender Offers and Consent Solicitations

Retrieved on: 
Tuesday, July 26, 2022 - 12:55am

Subject to the Aggregate Maximum Tender Amount, the Series Tender Cap and proration and the satisfaction or waiver of the conditions to the Tender Offers and the Consent Solicitations, including the Divestiture Condition, with respect to the applicable offeror, all Maximum Tender Notes tendered at or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered at or before the Early Tender Date having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in the Maximum Tender Offers.

Key Points: 
  • Subject to the Aggregate Maximum Tender Amount, the Series Tender Cap and proration and the satisfaction or waiver of the conditions to the Tender Offers and the Consent Solicitations, including the Divestiture Condition, with respect to the applicable offeror, all Maximum Tender Notes tendered at or before the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered at or before the Early Tender Date having a lower Acceptance Priority Level are accepted, and all Maximum Tender Notes validly tendered after the Early Tender Date having a higher Acceptance Priority Level will be accepted before any Maximum Tender Notes tendered after the Early Tender Date having a lower Acceptance Priority Level are accepted in the Maximum Tender Offers.
  • However, if the Maximum Tender Offers are not fully subscribed as of the Early Tender Date, Maximum Tender Notes tendered at or before the Early Tender Date will be accepted for purchase in priority to other Maximum Tender Notes validly tendered after the Early Tender Date, even if such Maximum Tender Notes tendered after the Early Tender Date have a higher Acceptance Priority Level than Maximum Tender Notes tendered prior to the Early Tender Date, in all cases as further described in the Offer to Purchase and Consent Solicitation Statement.
  • Holders of the Notes are encouraged to read the Offer to Purchase and Consent Solicitation Statement, as it contains important information regarding the Tender Offers and the Consent Solicitations.
  • The Tender Offers and the Consent Solicitations are only being made pursuant to the Offer to Purchase and Consent Solicitation Statement.

TD Canada Trust announces change to TD Prime Rate

Retrieved on: 
Wednesday, July 13, 2022 - 8:16pm

TORONTO, July 13, 2022 /CNW/ - TD Canada Trust today announced that it has increased its TD Prime Rate by 100 basis points to 4.70% per cent, effective July 14, 2022.

Key Points: 
  • TORONTO, July 13, 2022 /CNW/ - TD Canada Trust today announced that it has increased its TD Prime Rate by 100 basis points to 4.70% per cent, effective July 14, 2022.
  • The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank").
  • TD is the fifth largest bank inNorth Americaby assets and serves more than 26 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities.
  • TD also ranks among the world's leading online financial services firms, with more than 15 million active online and mobile customers.

GCM Grosvenor and Blue Wolf Capital Acquire Hallcon Corporation

Retrieved on: 
Tuesday, July 5, 2022 - 12:00pm

CHICAGO, July 05, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, investing through its Labor Impact Strategy, and Blue Wolf Capital Partners LLC (Blue Wolf), a New York-based private equity firm with approximately $2.9 billion of assets under management, announced today that they have acquired Hallcon Corporation (Hallcon or the Company) from Novacap, a Canadian private equity firm.

Key Points: 
  • CHICAGO, July 05, 2022 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, investing through its Labor Impact Strategy, and Blue Wolf Capital Partners LLC (Blue Wolf), a New York-based private equity firm with approximately $2.9 billion of assets under management, announced today that they have acquired Hallcon Corporation (Hallcon or the Company) from Novacap, a Canadian private equity firm.
  • Blue Wolf is pleased to partner with Hallcon, a leading platform in the outsourced transportation space.
  • TD Securities served as financial advisor and Greenberg Traurig, LLP served as legal advisor to GCM Grosvenor and Blue Wolf in connection with the transaction.
  • Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies.