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Published Apr 12, 2024 • 2 minute read
Not for distribution to U.S. Newswire Services or for dissemination in the United States.
TORONTO, April 12, 2024 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of E Split Corp. (TSX: ENS and ENS.PR.A) (the “Company”), is pleased to announce a successful overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively). Gross proceeds of the offering are expected to be approximately $53.2 million.
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The offering is expected to close on or about Friday, April 19, 2024 and is subject to certain closing conditions including approval by the Toronto Stock Exchange.
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The Class A Shares were offered at a price of $11.60 per Class A Share to yield 13.4% and the Preferred Shares were offered at a price of $10.10 per Preferred Share to yield 6.7% to maturity. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (calculated as at April 10, 2024), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering.
The Company invests in common shares of Enbridge Inc., a North American oil and gas pipeline, gas processing and natural gas distribution company.
The Company’s investment objectives for the:
Class A Shares are to provide holders with:
(i) non-cumulative monthly cash distributions; and
(ii) the opportunity for capital appreciation through exposure to the portfolio
Preferred Shares are to:
(i) provide holders with fixed cumulative preferential quarterly cash distributions; and
(ii) return the original issue price of $10.00 to holders upon maturity.
Middlefield Capital Corporation provides investment management advice to the Company.
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The syndicate of agents for the offering was co-led by CIBC Capital Markets, RBC Capital Markets, and Scotiabank, and included Canaccord Genuity Corp., National Bank Financial Inc., Raymond James Ltd., BMO Capital Markets, TD Securities Inc., iA Private Wealth Inc., Hampton Securities Limited, Manulife Securities Incorporated, Richardson Wealth Limited, Desjardins Securities Inc., Research Capital Corporation, and Echelon Wealth Partners Inc..
For further information, please visit our website at www.middlefield.com or contact Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.
A short form base shelf prospectus containing important detailed information about the securities being offered has been filed with securities commissions or similar authorities in each of the provinces of Canada. Copies of the short form base shelf prospectus may be obtained from a member of the syndicate. The Company intends to file a supplement to the short form base shelf prospectus, and investors should read the short form base shelf prospectus and the prospectus supplement before making an investment decision. There will not be any sale or any acceptance of an offer to buy the securities being offered until the prospectus supplement has been filed with the securities commissions or similar authorities in each of the provinces of Canada.
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(Reuters) – Canada’s stock index futures rose on Friday, lifted by surging commodity prices, as investors cautiously track big bank earnings in the U.S., which will kick off the corporate earnings season.
June futures on the S&P/TSX index were up 0.4% at 6:40 a.m. ET (10:40 GMT).
Gold prices hit a record peak as geopolitical risks and economic concerns surrounding China attracted robust demand, while copper prices continued their upward march. [GOL/] [MET/L]
Energy shares could see a rebound as heightened tensions in the Middle East raised the risk of supply disruptions and boosted oil prices. [O/R]
The Toronto Stock Exchange’s S&P/TSX composite index closed 0.4% lower on Thursday, after touching its lowest intraday level since March-end. [.TO]
The index is set to log a weekly decline as a hot inflation reading in the U.S. dampened hopes of a June rate cut, and the Bank of Canada held its rates steady on Wednesday.
Investors will monitor the crucial consumer prices index (CPI) reading in Canada next week, after BoC Governor Tiff Macklem hinted the central bank was open to a June cut if the recent cooling trend in inflation was sustained.
Across the border, another season of corporate earnings commenced in the U.S., with JPMorgan Chase & Co reporting a higher first-quarter profit, while Wells Fargo & Co’s profit fell more than 7%.
In Canadian corporate news, Brookfield Asset Management is in advanced talks to acquire a majority stake in private credit manager Castlelake with an investment of more than $1.5 billion, the Financial Times reported on Thursday.
COMMODITIES AT 6:40 a.m. ET
Gold futures: $2,404.9; +1.9% [GOL/]
US crude: $86.17; +1.4% [O/R]
Brent crude: $90.81; +1.2% [O/R]
(Reporting by Purvi Agarwal in Bengaluru; Editing by Ravi Prakash Kumar)
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TORONTO, ON / ACCESSWIRE / April 11, 2024 / Talent acquisition firm The Caldwell Partners International Inc. (TSX:CWL);(OTCQX:CWLPF) today issued its financial results for the fiscal 2024 second quarter ended February 29, 2024. All references to quarters or years are for the fiscal periods unless otherwise noted and all currency amounts are in Canadian dollars.
Financial Highlights (in $000s except per share amounts)
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Published Apr 11, 2024 • 1 minute read
MISSISSAUGA, Ontario, April 11, 2024 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) announced today that it will release its 2024 first quarter financial results after market close on Tuesday, May 14, 2024. A conference call and live webcast to discuss the results will be held on Wednesday, May 15, 2024 at 10:00 a.m. (ET).
Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call.
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Participants are invited to register for expedited access to the conference call: Registration Link
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The live webcast will be held at: https://services.choruscall.ca/links/bird2024q1.html
The accompanying presentation of the 2024 first quarter financial results call and all related financial documents will be available after market close on Tuesday, May 14, 2024 at https://www.bird.ca/investors.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
investor.relations@bird.ca
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About Bird Construction
Bird (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca
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Author of the article:
Published Apr 11, 2024 • 1 minute read
MISSISSAUGA, Ontario, April 11, 2024 (GLOBE NEWSWIRE) — Bird Construction Inc. (TSX: BDT) announced today that it will release its 2024 first quarter financial results after market close on Tuesday, May 14, 2024. A conference call and live webcast to discuss the results will be held on Wednesday, May 15, 2024 at 10:00 a.m. (ET).
Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call.
Article content
Participants are invited to register for expedited access to the conference call: Registration Link
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Story continues below
Article content
The live webcast will be held at: https://services.choruscall.ca/links/bird2024q1.html
The accompanying presentation of the 2024 first quarter financial results call and all related financial documents will be available after market close on Tuesday, May 14, 2024 at https://www.bird.ca/investors.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information contact:
T.L. McKibbon, President & CEO or
W.R. Gingrich, CFO
Bird Construction Inc.
5700 Explorer Drive, Suite 400
Mississauga, ON L4W 0C6
Phone: (905) 602-4122
investor.relations@bird.ca
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About Bird Construction
Bird (TSX: BDT) is a leading Canadian construction and maintenance company operating from coast-to-coast-to-coast. Servicing all of Canada’s major markets through a collaborative, safety-first approach, Bird provides a comprehensive range of construction services, self-perform capabilities, and innovative solutions to the industrial, buildings, and infrastructure markets. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders. www.bird.ca
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Thursday, April 11, 2024
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In anticipation of this termination, TDAM aims to convert the ETFs’ holdings into cash, addressing any liabilities and obligations prior to distributing the residual net assets pro rata to unitholders based on each ETF’s net asset value per unit at the termination date. An ensuing press release near the termination date will provide further specifics of this process.
This strategic move is in line with TDAM’s ongoing evaluation and optimization of its product lineup, the firm said.. “It is crucial for us to consistently review our offerings and adjust in response to the changing needs of our investors and market dynamics,” a TDAM representative added in a statement.
Investors holding units in the terminating ETFs will be informed about the termination steps, including a notice dispatched at least two months before the termination date.
This announcement follows closely on the heels of TDAM’s expansion in its fixed income portfolio, introducing six new actively managed ETFs, namely the TD Target Maturity Bond ETFs (TD TMB ETFs).
The TD TMB ETF series encompasses: TD Target 2025, 2026, and 2027 Investment Grade Bond ETFs (TBCE, TBCF, TBCG) targeting Canadian bonds, along with TD Target 2025, 2026, and 2027 US Investment Grade Bond ETFs (TBUE.U, TBUF.U, TBUG.U) for American bonds.
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