World3 nonrenewable resource sector

CalSTRS Joins Politan Capital Management in Legal Action Against Masimo CEO’s Employment Agreement

Retrieved on: 
Friday, March 3, 2023

Politan Capital Management (together with its affiliates, “Politan”), a 9% stockholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) today announced that the California State Teachers’ Retirement System (CalSTRS) has joined Politan’s ongoing legal action against Masimo and its Board of Directors (the “Board”).

Key Points: 
  • Politan Capital Management (together with its affiliates, “Politan”), a 9% stockholder of Masimo Corporation (“Masimo” or the “Company”) (NASDAQ: MASI) today announced that the California State Teachers’ Retirement System (CalSTRS) has joined Politan’s ongoing legal action against Masimo and its Board of Directors (the “Board”).
  • Politan’s lawsuit, filed in the Court of Chancery of the State of Delaware, challenges the validity and legality of the employment agreement (the “Employment Agreement”) of Masimo’s Chairman and Chief Executive Officer (“CEO”) Joe Kiani.
  • The Masimo CEO’s employment agreement is not only counter to the best interests of the Company’s stockholders, but also sets a dangerous precedent.
  • The Employment Agreement renews every year, has no expiration date, and nonrenewal by the Board entitles Mr. Kiani to terminate his employment and receive the Special Payment.

Uniti Group Inc. Announces Pricing of Convertible Notes Offering

Retrieved on: 
Thursday, December 8, 2022

LITTLE ROCK, Ark., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that it has priced its previously announced offering of $300 million aggregate principal amount of 7.50% convertible senior notes due 2027 (the “Convertible Notes”).

Key Points: 
  • LITTLE ROCK, Ark., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that it has priced its previously announced offering of $300 million aggregate principal amount of 7.50% convertible senior notes due 2027 (the “Convertible Notes”).
  • The Company granted to the initial purchasers of the Convertible Notes an option to purchase up to an additional $45 million aggregate principal amount of the Convertible Notes during a 13-day period beginning on, and including, the first day on which the Convertible Notes are issued.
  • The repurchases of the Existing Notes could affect the market price of the Common Stock, the market price of the Convertible Notes and the initial conversion price of the Convertible Notes.
  • This activity could affect the market price of the Common Stock, the market price of the Convertible Notes and the initial conversion price of the Convertible Notes.

Uniti Group Inc. Announces Launch of Convertible Notes Offering

Retrieved on: 
Tuesday, December 6, 2022

LITTLE ROCK, Ark., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2027 (the “Convertible Notes”).

Key Points: 
  • LITTLE ROCK, Ark., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Uniti Group Inc. (the “Company”, “Uniti”, or “we”) (Nasdaq: UNIT) today announced that it intends to offer, subject to market and other conditions, $300 million aggregate principal amount of convertible senior notes due 2027 (the “Convertible Notes”).
  • The Company also intends to grant to the initial purchasers of the Convertible Notes an option to purchase up to an additional $45 million aggregate principal amount of the Convertible Notes during a 13-day period beginning on, and including, the first day on which the Convertible Notes are issued.
  • Prior to September 1, 2027, the Convertible Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Convertible Notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.
  • The Company intends to contribute a portion of the net proceeds of the offering to Uniti Fiber Holdings Inc., a subsidiary of the Company (“Uniti Fiber”), to repurchase a portion of Uniti Fiber’s existing 4.00% exchangeable senior notes due 2024 (the “Existing Notes”).

STRAWBERRY FIELDS REIT INC. DECLARES 2022 CASH DIVIDEND OF $0.10 PER COMMON SHARE

Retrieved on: 
Tuesday, November 22, 2022

SOUTH BEND, Ind., Nov. 22, 2022 /PRNewswire/ -- Strawberry Fields REIT, Inc. (OTCQX: STRW) ("Strawberry Fields" or the "Company") today announced that its Board of Directors has authorized and the Company has declared a cash dividend on its common stock (the "Common Stock") in the amount of $0.10 per share (the "Dividend").

Key Points: 
  • SOUTH BEND, Ind., Nov. 22, 2022 /PRNewswire/ -- Strawberry Fields REIT, Inc. (OTCQX: STRW) ("Strawberry Fields" or the "Company") today announced that its Board of Directors has authorized and the Company has declared a cash dividend on its common stock (the "Common Stock") in the amount of $0.10 per share (the "Dividend").
  • The Dividend will be payable in cash on December 20, 2022, to stockholders of record as of the close of business on December 2, 2022.
  • The Company intends to elect to be taxed as a REIT for U.S. federal income tax purposes commencing with its taxable year ending December 31, 2022.
  • The Dividend is intended to fulfill the Company's distribution requirement for 2022 to qualify and maintain its status as a REIT.

Acadia Realty Trust Announces $0.18 Per Share Quarterly Dividend

Retrieved on: 
Wednesday, November 9, 2022

Acadia Realty Trust (NYSE:AKR) (Acadia or the Company) today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended December 31, 2022.

Key Points: 
  • Acadia Realty Trust (NYSE:AKR) (Acadia or the Company) today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended December 31, 2022.
  • The quarterly dividend is payable on January 13, 2023 to holders of record as of December 30, 2022.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.
  • Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nations most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.

Acadia Realty Trust to Announce Third Quarter 2022 Earnings on November 1, 2022

Retrieved on: 
Monday, October 24, 2022

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

Key Points: 
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.
  • Accordingly, investors should monitor the Investors page, in addition to following the Companys press releases, SEC filings, public conference calls, presentations and webcasts.
  • The information contained on, or that may be accessed through, the website is not incorporated by reference into, and is not a part of, this document.
  • Any forward-looking statements in this press release speak only as of the date hereof.

Acadia Realty Trust Announces Appointment of Mark Denien to Board of Trustees

Retrieved on: 
Wednesday, October 12, 2022

Acadia Realty Trust (NYSE: AKR) (Acadia or the Company) today announced the appointment of Mark Denien to the Companys Board of Trustees (the Board) and to the Audit Committee of the Board, effective October 11, 2022.

Key Points: 
  • Acadia Realty Trust (NYSE: AKR) (Acadia or the Company) today announced the appointment of Mark Denien to the Companys Board of Trustees (the Board) and to the Audit Committee of the Board, effective October 11, 2022.
  • Mr. Denien most recently served as Executive Vice President, Chief Financial Officer of Duke Realty, a role he held since 2013.
  • As Chief Financial Officer, Mr. Denien oversaw all financial functions for the company, including capital markets, accounting, taxation, investor relations, treasury, and information technology.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.

Acadia Realty Trust Provides Business Updates and to Present at Bank of America Securities 2022 Global Real Estate Conference

Retrieved on: 
Tuesday, September 13, 2022

A replay of the webcast will be available on the Companys website through December 13, 2022 under Investors Presentations & Events.

Key Points: 
  • A replay of the webcast will be available on the Companys website through December 13, 2022 under Investors Presentations & Events.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.
  • Accordingly, investors should monitor the Investors page, in addition to following the Companys press releases, SEC filings, public conference calls, presentations and webcasts.
  • Accordingly, investors should monitor the Investors page, in addition to following the Companys press releases, SEC filings, public conference calls, presentations and webcasts.

Insurance Commissioner Lara's Regulation Preserves Loophole Letting Insurers Ignore Wildfire Mitigation for Denial or Non-Renewal of Homeowners Policies

Retrieved on: 
Thursday, September 8, 2022

Commissioner Lara first began investigating insurers' wildfire risk pricing practices in 2019.

Key Points: 
  • Commissioner Lara first began investigating insurers' wildfire risk pricing practices in 2019.
  • His regulation issued today requires insurers to give homeowners discounts for taking individual or community-wide steps to protect their property against the risk of wildfire.
  • These mitigation discounts are necessary to ensure that homeowners' premiums are fair by properly reflecting the lowered wildfire risk resulting from hardening their homes.
  • Once approved, the regulation text will be filed with the California Secretary of State and become state law.

Acadia Realty Trust Announces $0.18 Per Share Quarterly Dividend

Retrieved on: 
Wednesday, August 10, 2022

Acadia Realty Trust (NYSE:AKR) (Acadia or the Company) today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended September 30, 2022.

Key Points: 
  • Acadia Realty Trust (NYSE:AKR) (Acadia or the Company) today announced that its Board of Trustees has declared a cash dividend of $0.18 per common share for the quarter ended September 30, 2022.
  • The quarterly dividend is payable on October 14, 2022 to holders of record as of September 30, 2022.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy.
  • Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nations most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.