Life Partners, Inc.

Farmland Partners Asset Appreciation Leads to Declaration of $0.21 per Share Special Dividend

Retrieved on: 
Tuesday, December 12, 2023
Residential Building & Real Estate, Agriculture, Commercial Building & Real Estate, Natural Resources, Construction & Property, REIT, Life Partners, Inc., Common, NYSE, FPI

Even after applying tax deferral and mitigation strategies available to us, these sales generated a sizeable aggregate gain,” said Luca Fabbri, FPI’s President and CEO.

Key Points: 
  • Even after applying tax deferral and mitigation strategies available to us, these sales generated a sizeable aggregate gain,” said Luca Fabbri, FPI’s President and CEO.
  • “We view the resulting special dividend as evidence of the strength of farmland as an investment class and its historically consistent appreciation.”
    The special dividend is required in order for the Company to remain in compliance with U.S. federal income tax rules for real estate investment trusts (“REITs”).
  • The amount of the special dividend has been calculated based on estimates of operating performance for the year ending December 31, 2023, sales expected to be completed by year end and book-to-tax adjustments.
  • The special dividend is in addition to the quarterly dividend of $0.06 per share of common stock and Class A Common OP Unit that FPI declared on October 24, 2023.

Farmland Partners, Ducks Unlimited Complete Land Conservation Project in Virginia

Retrieved on: 
Thursday, November 30, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Environmental Issues, Environmental Health, REIT, Agriculture, Natural Resources, Residential Building & Real Estate, Sale, NYSE, Life Partners, Inc., Duck, Great Dismal Swamp, Biophysical environment, Fabbri, FPI, DU, Cryptocurrency

Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) and Ducks Unlimited (“DU”) announced today that they recently completed the final stage of a three-part conservation transaction along a vital migratory bird pathway in Virginia.

Key Points: 
  • Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) and Ducks Unlimited (“DU”) announced today that they recently completed the final stage of a three-part conservation transaction along a vital migratory bird pathway in Virginia.
  • FPI agreed in 2021 to sell DU approximately 1,268 acres of farmland adjacent to the Great Dismal Swamp National Wildlife Refuge – land that DU has prioritized for restoration and habitat protection.
  • The unique multi-year, staged transaction provided DU maximum flexibility to secure capital for the project.
  • “We were pleased to be able to work with our partners at Farmland Partners and look at their portfolio to see where the farmland they owned happened to be in critical conservation areas,” explained DU CEO Adam Putnam.

P3 Health Partners to Present at the BTIG Digital Health Forum

Retrieved on: 
Thursday, November 16, 2023
Managed Care, General Health, Health, Practice Management, Life Partners, Inc., PIII, Pharmaceutical industry, P3

P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced that leadership will participate in the BTIG Digital Health Forum, being held virtually, on Monday, November 20, 2023, including a panel discussion with Dr. Sherif Abdou, Chief Executive Officer and Co-founder of P3, at 12:00 p.m. PT/3:00 p.m.

Key Points: 
  • P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced that leadership will participate in the BTIG Digital Health Forum, being held virtually, on Monday, November 20, 2023, including a panel discussion with Dr. Sherif Abdou, Chief Executive Officer and Co-founder of P3, at 12:00 p.m. PT/3:00 p.m.
  • ET.

MWA Completes $12.2 Million Farmland Sale, Showing Strength of Iowa Market

Retrieved on: 
Friday, November 10, 2023
Commercial Building & Real Estate, Agriculture, Construction & Property, Natural Resources, Sale, Marketing, Life Partners, Inc., Farmer, NYSE, MWA, FPI, Auction

Murray Wise Associates (MWA) announced today that the firm recently helped a client sell 980 acres of farmland in Greene County, Iowa, for $12,240,000.

Key Points: 
  • Murray Wise Associates (MWA) announced today that the firm recently helped a client sell 980 acres of farmland in Greene County, Iowa, for $12,240,000.
  • The farmland auction consisted of several tracts, with total proceeds averaging nearly $12,500 per acre.
  • The strong prices garnered for the farm illustrate the resilience of the farmland market and that demand remains strong, said MWA president Eric Sarff.
  • MWA was acquired by FPI Agribusiness Inc., a subsidiary of Farmland Partners Inc. (NYSE: FPI), in November 2021.

P3 Health Partners Announces Third-Quarter and Year-to-Date 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Managed Care, Health, Adjustment, PMPM, Medicine, EBITDA, Life Partners, Inc., Patient, PIII, Pharmaceutical industry, Cryptocurrency, P3

P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • P3 Health Partners Inc. (“P3” or the “Company”) (NASDAQ: PIII), a patient-centered and physician-led population health management company, today announced its financial results for the third quarter ended September 30, 2023.
  • “Our results for the third quarter show the continued improvement of the business as providers and patients mature on our platform.
  • All key metrics are tracking as expected and net cash used in operating activities has improved to negative $8 million for the quarter.
  • We are re-affirming our existing full-year 2023 guidance and providing preliminary 2024 full-year Adjusted EBITDA guidance of $20 million to $40 million,” said Dr. Sherif Abdou, CEO of P3.

Farmland Partners Asset Appreciation Leads to Expected Special Distribution of Between $0.20 and $0.38 per Share

Retrieved on: 
Wednesday, November 8, 2023
REIT, Agriculture, Natural Resources, Commercial Building & Real Estate, Construction & Property, Sale, Common, Life Partners, Inc., FPI, NYSE, Holding company

Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced an update to its expected special dividend, resulting from the significant appreciation of assets sold during 2023.

Key Points: 
  • Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced an update to its expected special dividend, resulting from the significant appreciation of assets sold during 2023.
  • FPI has been selectively selling farmland, focusing on properties that are no longer a long-term strategic fit for the portfolio.
  • While these are not the best assets of the portfolio, their sales have generated substantial gains, requiring the Company to pay a special dividend, as detailed below, to remain in compliance with REIT income distribution rules.
  • Amount: FPI expects the special dividend to be between $0.20 and $0.38 per share of common stock and Class A Common OP Unit.

InterPrivate III Financial Partners Inc. Announces Extension of Deadline to Complete Initial Business Combination

Retrieved on: 
Thursday, November 2, 2023
Life Partners, Inc., Charter, NYSE, Rare-earth element

The Company’s Amended and Restated Certificate of Incorporation (the “Charter”) provides the Company the right to extend the Deadline Date up to nine times for an additional one month each time (each, an “Extension”), from June 9, 2023 to up to March 9, 2024.

Key Points: 
  • The Company’s Amended and Restated Certificate of Incorporation (the “Charter”) provides the Company the right to extend the Deadline Date up to nine times for an additional one month each time (each, an “Extension”), from June 9, 2023 to up to March 9, 2024.
  • On November 1, 2023, pursuant to the Charter, the Board determined to implement a sixth Extension to allow additional time for the Company to complete its initial business combination.
  • In connection with the sixth Extension, the Company deposited $21,000 for the sixth month of the Extension.
  • On November 2, 2023, the Company deposited such contribution into the Company’s trust account.

Goodwood Inc. Terminates Sub-Advisory Arrangement for the Goodwood Capital Fund

Retrieved on: 
Monday, October 23, 2023
Knowledge, CFA, Life Partners, Inc., Fund, CPA, Financial services, Waypoint

TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Goodwood Inc. (“Goodwood”), the Manager of Goodwood Capital Fund (the “Fund”), announced today that the arrangement with Waypoint Investment Partners Inc. (“Waypoint”), pursuant to which Waypoint sub-advised the management of the Fund’s investment portfolio, has been terminated.

Key Points: 
  • TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Goodwood Inc. (“Goodwood”), the Manager of Goodwood Capital Fund (the “Fund”), announced today that the arrangement with Waypoint Investment Partners Inc. (“Waypoint”), pursuant to which Waypoint sub-advised the management of the Fund’s investment portfolio, has been terminated.
  • Effective October 23, 2023 Gajan Kulasingam, CFA, CPA, CA has rejoined Goodwood’s investment team and has resumed his role as lead portfolio manager for the Fund.
  • Waypoint was first appointed as sub-advisor to the Fund in October 2021 when Mr. Kulasingam left Goodwood to join Waypoint.
  • Goodwood’s approach is focused on the preservation of capital through extensive and rigorous investment analysis on a position and portfolio basis.

Farmland Partners Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
REIT, Agriculture, Natural Resources, Commercial Building & Real Estate, Construction & Property, Farm, Sale, Life Partners, Inc., Table, Acquisition, FPI, NYSE, Health, Cryptocurrency, Bank

Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the three and nine months ended September 30, 2023.

Key Points: 
  • Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the three and nine months ended September 30, 2023.
  • We have been leveraging this stability by continuing to selectively prune our portfolio, with a focus on farms that are not long-term strategic fits for the portfolio.
  • With proceeds from asset sales, we are redeploying capital through stock buybacks, debt repayment and attractive asset acquisitions.
  • The strong lease renewals we have been securing are a testament to the robust health of the farm economy and the overall quality of our portfolio.”
    The tables below show financial and operating results for the three and nine months ended September 30, 2023 and 2022.

Farmland Partners Inc. Announces Date for Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Thursday, October 19, 2023
REIT, Agriculture, Natural Resources, Commercial Building & Real Estate, Construction & Property, Life Partners, Inc., FPI, NYSE, Eastern Time Zone, Webcast, Broadcasting

The call can be accessed live over the phone by dialing 1-888-660-6359 and using the conference ID 2818086.

Key Points: 
  • The call can be accessed live over the phone by dialing 1-888-660-6359 and using the conference ID 2818086.
  • The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com .
  • A replay of the conference call will be available beginning shortly after the end of the event until November 5, 2023, by dialing 1-800-770-2030 and using the playback ID 2818086.
  • A replay of the webcast will also be accessible on the Investor Relations section of the Company's website for a limited time following the event.