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CALIFORNIA BANK OF COMMERCE TO OPEN COMMERCIAL LOAN PRODUCTION OFFICE IN DOWNTOWN SAN FRANCISCO

San Diego, Calif., Sept. 30, 2026 (GLOBE NEWSWIRE) — California BanCorp (the “Company”) (Nasdaq: BCAL), the holding company for California Bank of Commerce, N.A. (the “Bank”), announces that the Bank plans to open a new commercial loan production office at 595 Market Street in downtown San Francisco on October 1, 2026. The new office reflects the Bank’s continued commitment to strategic growth and will expand its commercial banking presence in the Bay Area.

“Establishing a physical presence in San Francisco allows the Bank to better serve the city’s diverse and innovative business community. This new office broadens our reach in Northern California and advances our mission to provide responsive, locally focused commercial banking services to privately held businesses,” said David Rainer, Chairman and CEO of the Company and Bank.

ABOUT CALIFORNIA BANCORP

California BanCorp (NASDAQ: BCAL) is a registered bank holding company headquartered in San Diego, California. California Bank of Commerce, N.A., a national banking association chartered under the laws of the United States (the “Bank”) and regulated by the Office of Comptroller of the Currency, is a wholly owned subsidiary of California BanCorp. Established in 2001 and headquartered in San Diego, California, the Bank offers a range of financial products and services to individuals, professionals, and small to medium-sized businesses through its 14 branch offices and four loan production offices serving California. The Bank’s solutions-driven, relationship-based approach to banking provides accessibility to decision makers and enhances value through strong partnerships with its clients. Additional information is available at www.californiabankofcommerce.com.

INVESTOR RELATIONS CONTACT

[email protected]



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Ten-League International Holdings Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2026

SINGAPORE, Sept. 30, 2026 (GLOBE NEWSWIRE) — Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced its unaudited financial results for the six months ended June 30, 2026.

First Six Months of Fiscal Year 2026 Financial Highlights

  • Revenue was S$33.1 million (US$25.6 million) for the six months ended June 30, 2026, with engineering consultancy service income and rental income together contributing 45.4% of total revenue, compared with 18.5% in the same period last year, reflecting continued progress in the Company’s transition towards higher-value engineering solutions and recurring rental activities.
  • Growth businesses gained scale, with engineering consultancy service income increasing 669.4% to S$8.6 million (US$6.6 million) and rental income increasing 9.9% to S$6.4 million (US$5.0 million).
  • Gross profit margin was 24.0% for the six months ended June 30, 2026, an increase of 0.5 percentage points from 23.5% for the same period last year.
  • Net cash provided by operating activities remained strong at S$10.0 million (US$7.7 million), broadly consistent with the same period last year, supporting continued investment in the Company’s strategic priorities.
  • Financial position remained sound, with cash and cash equivalents of S$10.9 million (US$8.5 million) and shareholders’ equity increasing to S$18.5 million (US$14.3 million) as of June 30, 2026.

Mr. Jison Lim, Chief Executive Officer and Chairman of Ten-League, commented, “The first half of fiscal year 2026 demonstrated meaningful progress in reshaping our revenue mix towards engineering-led solutions and recurring rental activities amid evolving market conditions. Engineering consultancy services and rental together represented 45.4% of total revenue, compared with 18.5% in the same period last year. This shift reflects the increasing contribution from our strategic focus areas, including new energy infrastructure, automation and integrated engineering solutions. The delivery and acceptance of 30 electric prime movers (“ePM”) supported significant growth in engineering consultancy service income, while rental income continued to expand. Despite softer equipment sales, gross profit margin improved to 24.0%, demonstrating the resilience of our evolving business mix.”

Mr. Lim continued, “Looking ahead, we remain focused on advancing our strategic priorities across new energy infrastructure, automation, and engineering. We will continue to enhance our engineering capabilities and provide solutions that support customers’ operational efficiency and transition toward more sustainable equipment and infrastructure. At the same time, we remain committed to fostering strategic collaborations and strengthening our network of business partners. We believe these initiatives will position Ten-League to capture emerging opportunities as Singapore’s infrastructure and industrial sectors continue to evolve, while creating sustainable long-term value for our shareholders.”

First Six Months of Fiscal Year 2026 Unaudited Financial Results


Revenues

Total revenues were S$33.1 million (US$25.6 million) for the six months ended June 30, 2026. The revenue mix continued to shift towards engineering consultancy services and rental activities, which together contributed 45.4% of total revenue, compared with 18.5% for the same period last year. This change reflects the Company’s ongoing transition from primarily equipment sales towards a broader portfolio of engineering-led, new energy and recurring rental solutions.

  • Sales of heavy equipment and parts contributed 54.6% of total revenue for the six months ended June 30, 2026, compared with 81.5% for the same period last year, as contractors made greater use of rental equipment, delayed fleet replacement following significant fleet expansion over the preceding two years, and operated in a market with an oversupply of used equipment. Sales of heavy equipment and parts were S$18.1 million (US$14.0 million) for the six months ended June 30, 2026, a decrease of 41.1% from S$30.7 million for the same period last year.
  • Engineering consultancy service income was S$8.6 million (US$6.6 million) for the six months ended June 30, 2026, representing 25.9% of total revenue, compared with 3.0% for the same period last year. The increase of 669.4% was mainly due to the delivery and acceptance of 30 ePM and demonstrated the Company’s increasing commercialization of engineering and new energy capabilities.
  • Rental income increased 9.9% to S$6.4 million (US$5.0 million) for the six months ended June 30, 2026, and represented 19.5% of total revenue, compared with 15.5% for the same period last year. The increase reflected stronger rental demand amid economic uncertainty and high financing costs, reinforcing the contribution from recurring rental activities.


Cost of Revenue

Cost of revenue was S$25.1 million (US$19.4 million) for the six months ended June 30, 2026, a decrease of 12.8% from S$28.8 million for the same period last year.


Gross Profit

Gross profit was S$8.0 million (US$6.1 million) for the six months ended June 30, 2026, a decrease of 10.1% from S$8.8 million for the same period last year.

Gross profit margin was 24.0% for the six months ended June 30, 2026, an increase of 0.5 percentage points from 23.5% for the same period last year.

  • Gross profit margin for sales of heavy equipment and parts was 15.0% for the six months ended June 30, 2026, an increase of 0.2 percentage points from 14.8% for the same period last year. The increase was mainly due to better product mix and margin even though absolute sales value decreased.
  • Gross profit margin for engineering consultancy service income was 20.2% for the six months ended June 30, 2026, a decrease of 49.1 percentage points from 69.3% for the same period last year. The decrease was mainly due to the delivery and acceptance of 30 ePM.
  • Gross profit margin for rental income was 54.7% for the six months ended June 30, 2026, a decrease of 5.4 percentage points from 60.1% for the same period last year. The decrease was mainly due to higher depreciation expenses.


Selling and Distribution Expenses

Selling and distribution expenses were S$0.4 million (US$0.3 million) for the six months ended June 30, 2026, an increase of 21.7% from S$0.3 million for the same period last year. The increase was due to increase of staff salary and related costs.


General and Administrative Expenses

General and administrative expenses were S$5.2 million (US$4.0 million) for the six months ended June 30, 2026, a decrease from S$5.7 million for the same period last year.


Total Other Gain (Loss), Net

Total net other loss was S$0.1 million (US$0.08 million) for the six months ended June 30, 2026, compared to a total net other gain of S$0.1 million for the same period last year.


Net Income

Net income was S$1.7 million (US$1.3 million) for the six months ended June 30, 2026, compared to S$2.4 million for the same period last year.


Basic and Diluted Income per Share

Basic and diluted income per share was S$0.59 (US$0.46) for the six months ended June 30, 2026, compared to S$0.86 for the same period last year.

Financial Condition

As of June 30, 2026, the Company had cash and cash equivalents of S$10.9 million (US$8.5 million), compared to S$10.7 million as of December 31, 2025.

Net cash provided by operating activities was S$10.0 million (US$7.7 million) for the six months ended June 30, 2026, compared to S$10.0 million for the same period last year.

Net cash used in investing activities was S$7.1 million (US$5.5 million) for the six months ended June 30, 2026, compared to net cash provided by investing activities of S$0.2 million for the same period last year.

Net cash used in financing activities was S$2.6 million (US$2.0 million) for the six months ended June 30, 2026, compared to S$5.7 million for the same period last year.

Exchange Rate Information

This announcement contains translations of certain Singapore dollar amounts into U.S. dollars for the convenience of the reader. Translations of amounts from Singapore dollars into U.S. dollars have been made at the exchange rate of S$1.2941 = US$1.00, which was the foreign exchange rate on June 30, 2026 as reported by the Board of Governors of the Federal Reserve System in its weekly release on July 6, 2026.

About Ten-League International Holdings Limited

Ten-League International Holdings Limited is a Singapore-based provider of turnkey project solutions. The Company’s business primarily consists of sales of heavy equipment and parts, heavy equipment rental and provision of engineering consultancy services to port, construction, civil engineering and underground foundation industries. The equipment is organized into four categories based on their functions and application scenarios: foundation equipment, hoist equipment, excavation equipment and port machinery. The Company also provides value-added engineering solutions under engineering consultancy services with the aim to address potential safety issues, enhance reliability and productivity and allow for customers to evaluate the performance of the equipment, the quality of the work completed and the progress of their projects. Ten-League’s mission is to provide high-quality equipment, value-added engineering solutions as well as maintenance and repair through continuous adaptation and application of new technologies. For more information, please visit the Company’s website: https://ir.ten-league.com.sg/.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission (“SEC”). Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K.

For investor and media inquiries, please contact:

Ten-League International Holdings Limited

Investor Relations Department
Email: [email protected]

Ascent Investor Relations LLC

Tina Xiao
Phone: +1 646-932-7242
Email: [email protected]

TEN-LEAGUE INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Amount in thousands, except for share and per share data, or otherwise noted)
 
        As of Dec 31,     As of Jun 30,     As of Jun 30,  
    Note   2025     2026     2026  
        S$’000    
S$’000
 		    US$’000  
        (Audited)     (Unaudited)     (Unaudited)  
                       
ASSETS                            
Current assets:                            
Cash and cash equivalents         10,684       10,938       8,452  
Accounts receivable, net         14,410       12,584       9,724  
Contract assets         79       650       502  
Inventories         15,761       6,728       5,199  
Deposits, prepayments and other receivables         2,996       2,157       1,667  
Total current assets         43,930       33,057       25,544  
                             
Non-current assets:                            
Property and equipment, net         33,137       35,807       27,670  
Right-of-use assets         11       9       7  
Other receivables         304       338       261  
Total non-current assets         33,452       36,154       27,938  
                             
TOTAL ASSETS         77,382       69,211       53,482  
                             
LIABILITIES AND SHAREHOLDERS’ EQUITY                            
Current liabilities:                            
Accounts payable and accrued liabilities         11,488       4,684       3,620  
Amounts due to related parties         14,472       13,878       10,723  
Bank borrowings         16,953       14,742       11,392  
Lease liabilities         6,606       7,041       5,441  
Income tax payable         993       1,038       802  
Total current liabilities         50,512       41,383       31,978  
                             
Long-term liabilities:                            
Lease liabilities         7,558       6,759       5,223  
Deferred tax liabilities         2,613       2,613       2,019  
Total long-term liabilities         10,171       9,372       7,242  
                             
TOTAL LIABILITIES         60,683       50,755       39,220  
                             
Commitments and contingencies         –       –       –  
                             
Shareholders’ equity                            
Ordinary share, par value US$0.00025, 2,000,000,000 shares authorized, 2,940,451 ordinary shares issued and outstanding**         -*       5,778       4,465  
Additional paid-in capital         5,778       –       –  
Retained earnings         10,921       12,665       9,787  
Accumulated other comprehensive income         -*       13       10  
                             
Total shareholders’ equity         16,699       18,456       14,262  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY         77,382       69,211       53,482  
                             

* – denotes amount less than $’000.
** – On April 13, 2026, the Company effected a 1-for-10 reverse share spilt, whereby every ten (10) issued and outstanding ordinary shares were consolidated into one (1) ordinary share, with a corresponding increase in par value from $0.000025 to $0.00025 per share. All share and per share information presented in these financial statements have been retrospectively adjusted, where applicable, to reflect this share consolidation. The consolidation did not affect total shareholders’ equity. On May 1, 2026, 16 ordinary shares were issued for no consideration to shareholders whose fractional shares were rounded up to the nearest whole share following the reverse share split.

TEN-LEAGUE INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Amount in thousands, except for share and per share data, or otherwise noted)
 
        Six Months ended June 30,  
    Note   2025     2026     2026  
        S$’000     S$’000     US$’000  
          (Unaudited)       (Unaudited)       (Unaudited)  
                             
Revenues, net         37,687       33,095       25,574  
                             
Cost of revenue         (28,840 )     (25,140 )     (19,427 )
                             
Gross profit         8,847       7,955       6,147  
                             
Operating cost and expenses:                            
Selling and distribution         (306 )     (381 )     (294 )
General and administrative         (5,661 )     (5,223 )     (4,037 )
Total operating cost and expenses         (5,967 )     (5,604 )     (4,331 )
                             
Profit from operations         2,880       2,351       1,816  
                             
Other income (expense):                            
(Loss)/Gain from disposal of plant and equipment         (30 )     1       1  
Interest income         94       186       144  
Interest expense         (430 )     (377 )     (291 )
Government grant         5       5       4  
Exchange gain         251       –       –  
Other income         204       87       67  
Total other gain/(loss), net         94       (98 )     (75 )
                             
Income before income taxes         2,974       2,253       1,741  
                             
Income tax expense         (591 )     (509 )     (393 )
                             
NET INCOME         2,383       1,744       1,348  
                             
OTHER COMPREHENSIVE INCOME                    
Foreign currency translation adjustments   –       13       10  
                             
COMPREHENSIVE INCOME         2,383       1,757       1,358  
                             
Net income per share                            
Basic and diluted         0.86       0.59       0.46  
                             
Weighted average number of ordinary shares outstanding                            
Basic and diluted*         2,779,650       2,940,440       2,940,440  
                             

* – On April 13, 2026, the Company effected a 1-for-10 reverse share spilt, whereby every ten (10) issued and outstanding ordinary shares were consolidated into one (1) ordinary share, with a corresponding increase in par value from $0.000025 to $0.00025 per share. All share and per share information presented in these financial statements have been retrospectively adjusted, where applicable, to reflect this share consolidation. The consolidation did not affect total shareholders’ equity. On May 1, 2026, 16 ordinary shares were issued for no consideration to shareholders whose fractional shares were rounded up to the nearest whole share following the reverse share split.

TEN-LEAGUE INTERNATIONAL HOLDINGS LIMITED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amount in thousands, except for share and per share data, or otherwise noted)
 
    Six Months ended June 30,  
    2025     2026     2026  
    S$’000     S$’000     US$’000  
    (Unaudited)     (Unaudited)     (Unaudited)  
                   
Cash flows from operating activities:                        
Net income     2,383       1,744       1,348  
Adjustments to reconcile net income to net cash provided by operating activities                        
Depreciation of property and equipment     2,241       2,614       2,020  
Depreciation of right-of-use assets     594       2       2  
Loss on disposal of property and equipment     30       –       –  
                         
Change in working capital:                        
Accounts receivable     1,582       2,525       1,951  
Contract assets     (342 )     (571 )     (441 )
Inventories     2,791       10,991       8,493  
Related parties     161       (594 )     (459 )
Accounts payable and accrued liabilities     122       (6,804 )     (5,258 )
Income tax payable     463       45       35  
Net cash provided by operating activities     10,025       9,952       7,691  
                         
Cash flows from investing activities:                        
Proceeds from disposal of property and equipment     47       –       –  
Repayment from finance lease receivables     371       436       337  
Purchase of property and equipment     (236 )     (7,572 )     (5,851 )
Net cash provided by/(used in) investing activities     182       (7,136 )     (5,514 )
                         
Cash flows from financing activities:                        
Proceeds of bank borrowings     679       1,484       1,147  
Deferred IPO expenses     (923 )     –       –  
Repayment of bank borrowings     (266 )     –       –  
Principal repayment of lease liabilities     (4,622 )     (4,057 )     (3,135 )
Payment of deferred financing costs     (597 )     (2 )     (2 )
Net cash used in financing activities     (5,729 )     (2,575 )     (1,990 )
                         
Effect on exchange rate change on balances held in foreign currency     –       13       9  
                         
Net change in cash and cash equivalent     4,478       254       196  
                         
BEGINNING OF PERIOD     686       10,684       8,256  
                         
END OF PERIOD     5,164       10,938       8,452  
                         
SUPPLEMENTAL CASH FLOW INFORMATION:                        
Cash paid for income taxes     127       464       359  
Cash paid for interest     430       377       291  
Cash received from finance lease receivable interest     (94 )     (185 )     (143 )
Operating lease asset obtained in exchange for operating lease obligations     –       –       –  



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ROC Advances to Global Leader for Age Estimation Accuracy in NIST FATE AEV

Ranks #1 globally with lowest Mean Absolute Error on Visa, Application, and Mugshots datasets, strengthening its position in age assurance

Independent NIST results signal ROC’s progression from U.S. leader to global leader in facial age estimation

DENVER, CO, Sept. 30, 2026 (GLOBE NEWSWIRE) — Rank One Computing Corporation d/b/a ROC (Nasdaq: ROC) (“ROC” or the “Company”), a U.S. leader in Vision AI, building unified biometric, video analytics, and digital evidence solutions, today announced that its latest NIST submission achieved #1 global ranking in age estimation demonstrating accuracy across three primary datasets in the National Institute of Standards and Technology (“NIST”) Face Analysis Technology Evaluation for Age Estimation and Verification (“FATE AEV”). ROC also maintained its previously recognized #1 global position in the Child Online Safety evaluation for ages 13-16.

“ROC’s latest NIST achievement moves us from U.S. leader to ranking #1 globally across three primary age estimation datasets, while maintaining our leading position in Child Online Safety,” said ROC Chief Executive Officer B. Scott Swann. “These results provide important independent validation of our technology, which we believe strengthens ROC’s competitive position to grow across government and commercial customers seeking accurate, scalable, and cost-efficient age intelligence solutions.”

These results extend ROC’s leadership in age estimation, adding Visa and Application to its #1 rankings in Mugshots and Child Online Safety. For organizations evaluating identity and biometrics technology, NIST’s third-party measures offer an important benchmark for assessing performance across different operational environments and informing technology selection and procurement decisions.

ROC Chief Scientist and Co-Founder Dr. Brendan Klare, commented, “Six months ago, ROC landed the top spot among U.S. age estimation vendors in NIST FATE testing. Today, our ROC-003 algorithm ranks #1 globally in MAE on three of NIST’s four primary datasets. This progress reflects the skill and persistence of the team behind our algorithms as we continue to push the science forward.”

“Age estimation is ready to play a bigger role in age assurance. Our goal is to give organizations a precise, low friction signal they can use to shape an experience, apply protections, or determine when additional verification is needed. ROC’s latest NIST results demonstrate the accuracy this technology can achieve and its potential to support high-impact missions like child online safety,” added ROC Chief Operating Officer Blake Moore.

ROC’s latest algorithm submission, ROC-003, achieved the lowest Mean Absolute Error (“MAE”) across the Visa, Application and Mugshots datasets for adults ages 18–30, ranking first globally on three of the four primary datasets evaluated. Importantly, the lower the MAE, the greater the accuracy to the age estimate. These results expand ROC’s previously established leadership in age estimation and demonstrate continued improvements in algorithmic accuracy to confidently guide critical identification decisions.

NIST FATE is a government-run benchmarking program for face analysis tasks beyond recognition. For age estimation, the FATE Age Estimation & Verification (AEV) track is an ongoing evaluation of software algorithms that inspect face photos and produce an age estimate. NIST publishes results on accuracy and computational efficiency, and notes that facial age verification has been mandated in legislation in a number of jurisdictions, typically to protect minors. The AEV track is open to a worldwide community of developers under a standardized submission process.

Read ROC’s Blog Post and Full NIST Scores here.

About ROC

ROC is a leading U.S. developer and manufacturer of Vision AI, delivering sovereign biometrics, video analytics, and digital evidence through a unified platform. This enables agency and integrator partners to unlock faster, more accurate, and cost-efficient capabilities. At its core, ROC transforms raw pixels into real-time operational awareness for defense, public safety, and digital commerce. The Company is headquartered in Denver, Colo., with additional hubs in Grand Rapids, Mich., and Morgantown, W.Va. For more information, please visit the Company’s website: www.roc.ai.

Forward-Looking Statements

This Press Release may contain forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” and similar statements and expressions that predict or indicate future events or trends or that are not statements of historical fact. Therefore, caution must be exercised in relying on forward-looking statements as actual results may differ materially and adversely from those expressed in any forward-looking statements. ROC may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including statements about the parties’ beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: (i) ROC’s goals and strategies and (ii) ROC’s future business development, financial condition, and results of operations. Further information regarding these and other risks is included in ROC’s filings with the SEC. All information provided in this press release is provided, and the forward-looking statements included herein are made, solely as of the date of this press release, and neither party undertakes any obligation to revise or update any forward-looking statement, except as required under applicable law.

Media inquiries:

Matt Aitken, VP of Marketing
[email protected]

Investor inquiries:

CORE IR
[email protected]



Posted on

Federal Court Rules in Favor of Genius Group, Denying All Motions to Dismiss in RICO Lawsuit


U.S. District Court for the Southern District of Florida denies motions to dismiss filed by all defendants, permitting Genius Group’s Racketeer Influenced and Corrupt Organizations Act (“RICO”) claims to proceed.


The Company’s lawsuit seeking treble damages of over $750 million against Michael Moe, Peter Ritz, John Clayton, and Michael Carter.

SINGAPORE, Sept. 30, 2026 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group”, “GNS” or the “Company”), a leading AI-powered education group, is announcing today that on September 27, 2026, the United States District Court for the Southern District of Florida denied the motions to dismiss filed in the Company’s lawsuit against defendants Michael Moe, Peter Ritz, John Clayton, and Michael Carter.

The Court’s denial of the defendants’ motions confirms that the Company has sufficiently alleged claims under the Federal and Florida State iterations of the Racketeer Influenced and Corrupt Organizations (RICO) Act, pursuant to which the Company seeks nearly $1 billion in damages.

The Company’s complaint alleges that the defendants used LZG International, Inc. (“LZGI”) to perpetrate an unlawful scheme through interstate fraudulent wire and mail transactions and to the detriment of the Company (as well as other issuers). Among other things, the Company’s complaint alleges that the defendants made false representations to deceive the Company into entering the asset purchase agreement with LZGI, which enabled the defendants to extort millions of dollars in cash and stock from the Company, and—after the Company evicted Peter Ritz and Michael Moe from their positions within Genius Group—defendants used LZGI to retaliate against the Company by seeking a preliminary injunction during early-2025.

The favorable ruling is the Company’s latest victory in the protracted battle relating to LZGI and joins, most notably, the Company prevailing in the ICC Arbitration against LZGI, pursuant to which Genius was awarded the return of the 7.4 million shares of its common stock and approximately $8 million in monetary relief.

Roger James Hamilton, CEO of Genius Group, said “This is a very positive ruling in favor of the Company. I’d like to acknowledge Mark R. Basile, Esq. and his team at The Basile Law Firm P.C., whose expertise in RICO litigation and securities violations has been instrumental in protecting Genius Group and its shareholders. From winning the ICC arbitration, to vacating the injunction at the Second Circuit, to defeating all motions to dismiss, Mark and his team have delivered results that speak for themselves. We look forward to discovery and to holding the defendants fully accountable.”

The Company remains committed to vigorously litigating its legal interests in the Southern District of Florida against the defendants with a view towards rectifying all the harm the Company has suffered at their hands.

About Genius Group

Genius Group (NYSE: GNS) is a global education group delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 6 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit geniusgroup.ai

Forward-Looking Statements

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

Contacts

For enquiries, contact [email protected]



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Mattel Announces Roger Lynch as Chairman and Chief Executive Officer Succeeding Ynon Kreiz

Mattel Announces Roger Lynch as Chairman and Chief Executive Officer Succeeding Ynon Kreiz

EL SEGUNDO, Calif.–(BUSINESS WIRE)–
The Board of Directors of Mattel, Inc. (NASDAQ: MAT) today announced the appointment of Roger Lynch, current Board member and Independent Lead Director, as Chairman effective October 2, 2026, and Chief Executive Officer effective on or before November 2, 2026. He succeeds Ynon Kreiz, who will step down as Chairman and Chief Executive Officer effective October 2, 2026, to take a senior leadership position at another public company. The Board has appointed current Mattel Board member Diana Ferguson as its new Independent Lead Director.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260930521728/en/

Roger Lynch

Roger Lynch

Mr. Lynch has served as a member of Mattel’s Board since 2018 and brings extensive leadership experience spanning media, technology, and consumer businesses. He has served as Chief Executive Officer of Condé Nast since 2019, where he has led the global media company and its portfolio of influential brands through a period of significant change. Under Lynch’s leadership, the company unified global operations and expanded and tailored IP monetization opportunities for its brands, driving significant and consistent profit growth since 2020. Throughout his career, which has included CEO roles at Pandora, Sling, Video Networks International, and Chello Broadband, Mr. Lynch has built and scaled global consumer businesses at the intersection of media and technology, with deep experience navigating shifts in industry dynamics across content, distribution, and consumer behavior.

The appointment of Mr. Lynch follows a comprehensive succession planning process. Board member Judy Olian, who has led the succession process, said: “Roger is a visionary leader with a track record of growing global companies at the forefront of changing industry and consumer trends. Throughout his service on the Board, Roger has been an invaluable contributor to shaping the company’s direction in the midst of its expansion into entertainment and digital products. The Board is most grateful for Ynon’s eight years of transformational leadership, and wishes him every success in his new role. Ynon leaves an invaluable legacy of transitioning Mattel from a toy manufacturer to a leading IP-driven play and family entertainment company. Knowing Roger as we do, we are confident that he and the talented Mattel team will build on that powerful foundation, and continue to advance our strategy to leverage our iconic brand portfolio.”

Lynch said: “I am honored by the Board’s confidence in me and couldn’t be more excited to lead the incredible team at Mattel. Throughout my years on the Board, I have admired Mattel’s brands, its talented people, and unique culture. I am especially grateful to Ynon for his many years of outstanding leadership and service to the company. During his tenure, Mattel has leveraged the power of its world-class brands, attracted exceptional entertainment partners, and strengthened its balance sheet. The company is well positioned for its next phase of profitable growth and its exciting new chapter.”

Kreiz said: “It has been a privilege to lead Mattel, with a global team dedicated to its mission and purpose, and I am proud of all we have achieved together. Mattel is in a position of strength, with a world-class brand portfolio, product offering, and global capabilities. I am grateful to the Board, management team, and entire Mattel organization for their commitment and collaboration during the past eight years, and I have every confidence the company will continue to thrive under Roger’s leadership.”

During Mr. Kreiz’s tenure, Mattel has strengthened its leadership across key toy categories, ranking number one globally in Dolls, Vehicles, and Infant, Toddler & Preschool. Hot Wheels is on track for its ninth consecutive growth year, the company has continued to build momentum in Action Figures, and successfully launched Mattel Brick Shop. A partner of choice for major entertainment companies, Mattel has earned several new or renewed entertainment licenses, including Disney Princess and Frozen, Teenage Mutant Ninja Turtles, Toy Story, KPop Demon Hunters, and DC, among others.

The company has also expanded its brands into new entertainment verticals, including film, television, consumer products, digital games, live events and experiences, and publishing. Mattel Studios’ first theatrical release, Barbie, became the number one global box office film of 2023 and Warner Bros. Pictures’ highest-grossing movie of all time, and Mattel Studios continues to expand its film slate. Mattel has accelerated its expansion into digital gaming with the full ownership of Mattel163, advancing its mobile game development, publishing, and digital customer acquisition capabilities. The company has also restructured and diversified its supply chain, driving increased productivity and efficiency across its global manufacturing footprint. Mattel has significantly increased free cash flow and strengthened its balance sheet, returning to an investment-grade credit rating and resuming share repurchases.

About Roger Lynch

Mr. Lynch has extensive experience overseeing companies with global brand portfolios and creating innovative business models that embrace technological change. He currently serves as Chief Executive Officer of Condé Nast, the global media company, reaching more than one billion consumers in 32 markets worldwide. He transformed Condé Nast with growth in subscriptions, video, live experiences, commerce, and strategic partnerships, alongside continued investment in world-class journalism and technology. During Mr. Lynch’s tenure, the company achieved sustained revenue and profit growth while expanding its global reach and cultural influence.

Previously, Mr. Lynch served as President and Chief Executive Officer of Pandora, then the largest music streaming service in the U.S., and before that, as the founding CEO of Sling TV (owned by DISH Network), where he led the creation, launch, and scaling of the then largest U.S. over-the-top television service. Prior to joining DISH, Mr. Lynch served as Chairman and CEO of Video Networks International, Ltd., an IPTV technology company in the U.K. He also previously served as President and CEO of Chello Broadband N.V., a broadband Internet service provider with operations in ten European countries.

Mr. Lynch currently serves on the Board of Directors of Condé Nast, the US China Business Council, the Partnership for New York City, the News Media Alliance, and the Councilors of the Dornsife College of Letters, Arts and Sciences at the University of Southern California. He received his Master of Business Administration with the highest distinction from the Tuck School of Business at Dartmouth College and his Bachelor of Science in Physics from the University of Southern California.

About Diana Ferguson

Ms. Ferguson has served on Mattel’s Board of Directors since 2020. She brings extensive leadership, finance, strategy, human capital management, and consumer products experience, including serving as Chief Financial Officer for several consumer products companies, as well as significant public company board experience. Ms. Ferguson currently serves as Principal of Scarlett Investments, LLC and as a director and Governance Committee Chair of Gartner, Inc., and Chair of the Board and Compensation & Talent Committee of Sally Beauty Holdings, Inc. She also currently chairs Mattel’s Audit Committee.

Forward-Looking Statements

This press release contains a number of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts or by their nature are uncertain, and include statements regarding Mattel’s guidance and goals for future periods and other future events. The use of words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “looks forward,” “confident that,” “believes,” and “targeted,” among others, generally identify forward-looking statements. These forward-looking statements are based on currently available operating, financial, economic, and other information and assumptions, and are subject to a number of significant risks and uncertainties. A variety of factors or combination of factors, many of which are beyond Mattel’s control, may cause actual results or outcomes, or the timing of those results or outcomes, to differ materially from those contained in any forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: (i) Mattel’s ability to design, develop, produce, manufacture, source, ship, and distribute products in a timely and cost-effective manner; (ii) sufficient interest in and demand for the products and entertainment Mattel offers by retail customers and consumers to profitably recover Mattel’s costs; (iii) downturns in economic conditions affecting Mattel’s markets which can negatively impact retail customers and consumers, and which can result in lower employment levels and lower consumer disposable income and spending, including lower spending on purchases of Mattel’s products; (iv) other factors which can lower discretionary consumer spending, such as higher costs for fuel and food, drops in the value of homes or other consumer assets, and high levels of consumer debt; (v) potential difficulties or delays Mattel may experience in implementing cost savings and efficiency enhancing initiatives; (vi) other economic and public health conditions or regulatory changes in the markets in which Mattel and its customers and suppliers operate, which could create delays or increase Mattel’s costs, such as higher commodity prices, labor costs, transportation costs, or outbreaks of disease; (vii) the effect of inflation on Mattel’s business, including cost inflation in supply chain inputs and increased labor costs, as well as pricing actions taken in an effort to mitigate the effects of inflation; (viii) currency fluctuations, including movements in foreign exchange rates, which can lower Mattel’s net revenues and earnings, and significantly impact Mattel’s costs; (ix) the concentration of Mattel’s customers, potentially increasing the negative impact to Mattel of difficulties experienced by any of Mattel’s customers, such as bankruptcies or liquidations or a general lack of success, or changes in their purchasing or selling patterns; (x) the inventory policies of Mattel’s retail customers, as well as the concentration of Mattel’s revenues in the second half of the year, which, coupled with reliance by retailers on quick response inventory management techniques, increases the risk of underproduction, overproduction, and shipping delays; (xi) legal, reputational, and financial risks related to security breaches or cyberattacks; (xii) work disruptions, including as a result of supply chain disruption such as plant or port closures, which may impact Mattel’s ability to manufacture or deliver product in a timely and cost-effective manner; (xiii) the impact of competition on revenues, margins, and other aspects of Mattel’s business, including the ability to offer products that consumers choose to buy instead of competitive products; (xiv) the ability to secure, maintain, and renew popular licenses from licensors of entertainment properties; (xv) the ability to successfully develop, publish, and commercialize digital games; (xvi) the ability to attract and retain talented employees and adapt to evolving workplace models; (xvii) the risk of product recalls or product liability suits and costs associated with product safety regulations; (xviii) tariffs, tariff-related developments, including refunds, trade restrictions, or trade barriers, which depending on the effective date and duration of such measures, changes in the amount, scope, and nature of such measures in the future, any countermeasures that the target countries may take, and any mitigating actions that may become available, could increase Mattel’s product costs and other costs of doing business, and other changes in laws or regulations in the United States and/or in other major markets, such as China, in which Mattel operates, including, without limitation, with respect to taxes, trade policies, product safety, or sustainability, which may also increase Mattel’s product costs and other costs of doing business, and in each case reduce Mattel’s earnings and liquidity; (xix) business disruptions or other unforeseen impacts due to economic instability, political instability, civil unrest, armed hostilities, such as the conflict in the Middle East, or terrorist activities, natural and man-made disasters, pandemics or other public health crises, or other catastrophic events; (xx) failure to realize the planned benefits from any investments or acquisitions made by Mattel, including Mattel163; (xxi) the impact of other market conditions or third-party actions or approvals, including those that result in any significant failure, inadequacy, or interruption from vendors or outsourcers, which could reduce demand for Mattel’s products, delay or increase the cost of implementation of Mattel’s programs, or alter Mattel’s actions and reduce actual results; (xxii) changes in financing markets or the inability of Mattel to obtain financing on attractive terms; (xxiii) the impact of litigation, arbitration, or regulatory decisions or settlement actions; (xxiv) Mattel’s ability to navigate regulatory frameworks in connection with new areas of investment, product development, or other business activities, such as artificial intelligence; (xxv) the potential impact of the development, use, and integration of artificial intelligence and machine learning technologies in Mattel’s business and products; (xxvi) the sufficiency of additional controls and procedures that Mattel has implemented to remediate the prior material weakness in Mattel’s internal control over financial reporting, additional material weaknesses or other deficiencies in the future, or the failure to maintain an effective system of internal control; and (xxvii) other risks and uncertainties as may be described in Mattel’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of Mattel’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and subsequent periodic filings, as well as in Mattel’s other public statements. Mattel does not update forward-looking statements and expressly disclaims any obligation to do so, except as required by law.

About Mattel

Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, and Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

MAT-CORP

Press Contact

Catherine Frymark

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Film & Motion Pictures General Entertainment Mobile Entertainment Licensing (Entertainment) Electronic Games Toys Retail Entertainment

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Pitney Bowes Announces Repricing of $585 Million Term Loan B, Reducing Interest Margin by 75 Basis Points

Pitney Bowes Announces Repricing of $585 Million Term Loan B, Reducing Interest Margin by 75 Basis Points

Repricing to SOFR + 300 Basis Points Lowers Annual Interest Expense by Approximately $4 Million, With No Changes to Other Terms or March 2032 Maturity Date

Follows S&P Global Ratings Upgrade to ‘BB-‘ and Reflects the Company’s Enhanced Credit Profile

Marks the Latest in a Series of Decisive Actions to Strengthen the Company’s Balance Sheet, Reduce Leverage and Increase Financial Flexibility

SHELTON, Conn.–(BUSINESS WIRE)–
Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients globally, today announced that it has repriced its $585 million Term Loan B due March 2032, reducing the applicable interest rate margin by 75 basis points.

The repricing lowers the applicable margin over the Secured Overnight Financing Rate (“SOFR”) from 375 basis points to 300 basis points. The transaction closed on September 29, 2026, with no other changes to the facility’s existing terms or maturity date. Based on the current outstanding principal balance, the repricing is expected to reduce annual interest expense by approximately $4 million.

The repricing builds on the Company’s recently completed tender offer for its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037, which retired more than $46 million of debt at a discount to par. It also follows S&P Global Ratings’ (“S&P”) upgrade of Pitney Bowes’ issuer credit rating to ‘BB-‘ from ‘B+’.

Paul Evans, Executive Vice President, Chief Financial Officer and Treasurer, commented:

“Over the past year, we have upsized and extended both our revolving credit facility and Term Loan A, fully repaid our 2027 Notes, and retired over $126 million of debt through two tender offers at approximately 86 cents on the dollar, capturing roughly $18 million of value for shareholders. Together with today’s repricing, these actions reduce our annualized interest expense by approximately $13 million and continue to bring down leverage to levels that lower our borrowing costs under our bank facilities.”

Kurt Wolf, Chief Executive Officer and Director, added:

“This repricing, as well as S&P’s upgrade, reflects the market’s recognition of our improved credit profile and is the latest in a series of proactive steps to strengthen our balance sheet and reduce our cost of capital. Having delivered on our commitments to our debt holders, we now have greater flexibility to opportunistically repurchase shares and make additional investments in our business. I want to thank Paul and our Finance team for their outstanding execution. A 75-basis point reduction – one of the largest repricings in the market in the last several months – reflects both their work and lenders’ confidence in Pitney Bowes.”

Additional details regarding the repriced facility will be filed in a Form 8-K with the Securities and Exchange Commission.

About Pitney Bowes

Pitney Bowes (NYSE: PBI) is a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – including more than 90 percent of the Fortune 500. Small businesses to large enterprises, and government entities rely on Pitney Bowes to reduce the complexity of sending mail and parcels. For the latest news, corporate announcements, and financial results, visit www.pitneybowes.com/us/newsroom. For additional information, visit Pitney Bowes at www.pitneybowes.com.

Forward-Looking Statements

This document contains “forward-looking statements” about the Company’s expected or potential future business and financial performance, including, but not limited to, statements about future revenue and profitability, earnings guidance, future events or conditions, capital allocation strategy, expected cost savings and efficiency improvements, and strategic initiatives and priorities. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those projected. Factors which could cause future performance to differ materially from expectations include, without limitation, changes in postal regulations or the operations and financial health of posts in the U.S. or other major markets or changes to the broader postal or shipping markets; accelerated or sudden declines in physical mail volumes or shipping volumes; the loss of some of our larger clients; changes in trade policies, tariffs and regulations; periods of difficult economic conditions, the impacts of inflation and rising prices, higher interest rates and a slow-down in economic activity, including a global recession, or a prolonged U.S. government shutdown, to the Company and our clients; changes in labor and transportation availability and costs; and other factors as more fully outlined in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2025 and subsequent reports filed with the Securities and Exchange Commission. Pitney Bowes assumes no obligation to update any forward-looking statements contained in this document as a result of new information, events, or developments, except as required by law.

For Investors:

Alex Brown

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Professional Services Business Technology Logistics/Supply Chain Management Transport Other Technology Finance

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Franklin Templeton Announces Availability of 19(a) Notices for Certain Closed-End Funds

Franklin Templeton Announces Availability of 19(a) Notices for Certain Closed-End Funds

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–
The 19(a) monthly distribution notices for Templeton Emerging Markets Income Fund(NYSE: TEI) are now available. These informational notices provide further details on the sources of the funds’ monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund’s current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.

 

 

 

Estimated sources & percentages of distributions

 

Ticker

Time period

Per share

distribution September

2026

Net

Investment

Income

Net realized

short-term

capital gains

Net realized

long-term

capital gains

Return of

Capital

 

TEI

Current

$0.0540

$0.0540

–

–

–

 

 

Month

 

100.0%

–

–

–

 

 

12/31

$0.4470

$0.4074

$0.0155

–

$0.0241

 

 

Fiscal YTD

 

91.1%

3.5%

–

5.4%

 

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The table below provides information regarding total return performance for various periods through prior month end. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes. Fiscal YTD distribution rates are through the funds’ most recent distribution record date.

Annualized

Cumulative

Ticker

5-year average

annual total

return at NAV

Current

distribution rate

at NAV

Fiscal YTD

total return

at NAV

Fiscal YTD

distribution rate

at NAV

TEI (FYE 12/31)

7.41%

9.13%

 

10.95%

6.30%

NAV and total return performances are as of 8/31/26.

You should not draw any conclusions about a Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The Funds periodically provide fund-related information on their websites. The following information will be available for each Fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly; (2) Top 10 holdings and additional portfolio statistics will be available monthly.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Copyright © 2026. Franklin Templeton. All rights reserved

Category: Distribution Related

Investor Contact: Fund Investor Services 1-888-777-0102

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

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Franklin Templeton Announces Availability of 19(a) Notices for Certain Closed-End Funds

Franklin Templeton Announces Availability of 19(a) Notices for Certain Closed-End Funds

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–
The 19(a) quarterly distribution notices for Templeton Emerging Markets Fund(NYSE: EMF) and Templeton Dragon Fund (TDF) are now available. These informational notices provide further details on the sources of the funds’ quarterly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund’s current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.

 

 

 

Estimated sources & percentages of distributions

Ticker

Time period

Per share distribution September

2026

Net Investment Income

Net realized short-term capital gains

Net realized long-term capital gains

Return of Capital

EMF

Current

$0.2400

$0.0063

$0.0255

–

0.2082

 

Month

 

2.6%

10.6%

–

86.8%

 

8/31

$0.2400

$0.0063

$0.0255

–

$0.2082

 

Fiscal YTD

 

2.6%

10.6%

–

86.8%

TDF

Current

$0.1500

$0.0165

$0.1335

–

–

 

Month

 

11.0%

89.0%

–

0.00%

 

12/31

$0.4000

$0.1208

$0.2076

–

$0.0716

 

Fiscal YTD

 

30.2%

51.9%

–

17.9%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The table below provides information regarding total return performance for various periods through prior month end. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes. Fiscal YTD distribution rates are through the funds’ most recent distribution record date.

Annualized

Cumulative

Ticker

5-year average annual total return at NAV

Current distribution rate at NAV

Fiscal YTD return at NAV

Fiscal YTD distribution rate at NAV

EMF (FYE 8/31)

12.09%

3.82%

 

58.29%

0.95%

TDF (FYE 12/31)

-5.80%

4.81%

 

-2.23%

3.21%

NAV and total return performances are as of 8/31/26.

You should not draw any conclusions about a Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.

Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The Funds periodically provide fund-related information on their websites. The following information will be available for each Fund at www.franklintempleton.com at the frequencies indicated: (1) Full holdings will be available monthly; (2) Top 10 holdings and additional portfolio statistics will be available monthly.

INVESTMENT PRODUCTS: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE

Copyright © 2026. Franklin Templeton. All rights reserved

Category: Distribution Related

Investor Contact: Fund Investor Services 1-888-777-0102

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

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Franklin Templeton Announces Availability of 19(a) Notices for Certain Closed-End Funds

Franklin Templeton Announces Availability of 19(a) Notices for Certain Closed-End Funds

BOSTON–(BUSINESS WIRE)–
The 19(a) monthly distribution notices for Franklin Managed Municipal Income Trust (NYSE: PMM) and Franklin Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices provide further details on the sources of the funds’ monthly distributions and follow the most recent distribution announcement. The table below provides an estimate of the sources of the Fund’s current distribution and its cumulative distributions paid this fiscal year-to-date. Amounts are expressed on a per share of common stock basis, and as a percentage of the distribution amount.

 

 

 

Estimated sources & percentages of distributions

Ticker

Time period

Per share distribution September 2026

Net Investment Income

Net realized short-term capital gains

Net realized long-term capital gains

Return of Capital

PMM

Current

$0.0330

$0.0250

–

–

$0.0080

 

Month

 

75.8%

–

–

24.2%

 

10/31

$0.3175

$0.2830

$0.0012

–

$0.0333

 

Fiscal YTD

 

89.1%

0.4%

–

10.5%

PMO

Current

$0.0520

$0.0398

–

–

$0.0122

 

Month

 

76.5%

–

–

23.5%

 

4/30

$0.2473

$0.2044

$0.0004

–

$0.0425

 

Fiscal YTD

 

82.7%

0.2%

–

17.1%

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The table below provides information regarding total return performance for various periods through prior month end. Performance includes the deduction of management fees and administrative expenses, assumes reinvestment of distributions, and does not account for taxes. Fiscal YTD distribution rates are through the funds’ most recent distribution record date.

Annualized

Cumulative

Ticker

5-year average annual total return at NAV

Current distribution rate at NAV

Fiscal YTD total return at NAV

Fiscal YTD distribution rate at NAV

PMM (FYE 10/31)

-0.34%

6.11%

0.79%

4.90%

PMO (FYE 4/30)

-0.54%

5.70%

6.36%

2.26%

NAV and total return performances are as of 8/31/26.

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Each fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

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Aris Mining Announces Major Developments at Soto Norte

Aris Mining Announces Major Developments at Soto Norte

ESIA preparation complete and community engagement to be launched; recent government actions remove key regulatory constraints

VANCOUVER, British Columbia–(BUSINESS WIRE)–
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS; NYSE: ARIS) has completed the preparation of the Environmental and Social Impact Assessment (ESIA) for the Soto Norte gold-copper project in Santander, Colombia (the Project) and will commence community engagement ahead of submission of the ESIA and environmental license application.

Community meetings are scheduled to take place in Matanza, Suratá and California in October. During this process, the Company will present the ESIA, receive community feedback and consider relevant suggestions before finalizing the ESIA for submission as part of the environmental licensing process.

Neil Woodyer, Chair and CEO, commented: “Soto Norte is one of the most attractive high-grade, long-life underground gold projects in the Americas, with copper by-products providing additional strategic value. The redesigned Soto Norte combines reduced scale and stronger economics with dedicated mill capacity for local miners.

With preparation of the ESIA for community engagement complete, the technical mine plan approved by the National Mining Agency (ANM), and community engagement to be launched, Soto Norte is ready to advance toward environmental licensing. Following receipt of the environmental license, we will be in a position to make a construction decision for the Project.

In the final months of the previous administration, several measures were introduced that restricted new mining authorizations and environmental licensing in areas relevant to Soto Norte, creating uncertainty around the Project’s regulatory path. Since the change in administration, the La Baja permanent reserve has been revoked, the expiry of the Temporary Reserve Area has reverted to its original date of March 4, 2027, which is well aligned with our expected project timeline, while the Santurbán Páramo delimitation process will continue under applicable constitutional, legal, technical, environmental and participatory requirements.

A central feature of Soto Norte is our partnership approach with local miners. By providing local miners with access to modern processing infrastructure and responsible tailings and water management, we believe Soto Norte can support formal employment and economic opportunities while reducing the environmental impacts associated with informal processing. This approach builds on the responsible mining model we have successfully implemented with local small-scale miners at Segovia and Marmato.”

Soto Norte – A Redesigned Development Strategy1

  • High-grade mineral reserves: 4.6 million ounces of gold at an average grade of 7.0 g/t Au. See Table 1.
  • Long-life production profile: Initial 22-year mine life based on proven and probable mineral reserves.
  • Mill capacity: 3,500 tonnes per day (tpd), including 750 tpd dedicated to processing material from local miners. This approach builds on Aris Mining’s successful partnership model at Segovia and Marmato, where the Company has formalized over 3,550 miners.
  • No cyanide or mercury: The processing facility will not use cyanide or mercury as the plant’s flow sheet is designed to produce concentrates rather than doré.
  • Concentrate production: Estimated life-of-mine concentrates containing approximately 4.3 million ounces of gold, 18.8 million ounces of silver and 84 million pounds of copper, excluding any additional concentrate production from material purchased from local miners.
  • Gold production: Approximately 203,000 ounces per year on average from Soto Norte owner-mined ore over years 1 to 21, including approximately 263,000 ounces per year during years 2 to 10, plus potential additional Aris Mining-attributable gold production from material purchased from local miners.
  • Economic and employment benefits: Soto Norte is expected to generate approximately 2,300 jobs during construction and 675 jobs during operations, supporting an estimated 15,000 direct and indirect jobs in a district with a population of approximately 40,000. The Project is also expected to create significant socioeconomic opportunities and generate an estimated US$2.6 billion in income taxes and US$393 million in royalty payments to the Colombian government, based on the 2025 Prefeasibility Study base case gold price assumption of US$2,600 per ounce. These amounts are expected to be substantially higher at current gold prices.

ESIA Community Engagement Process To Commence

Having completed preparation of the ESIA, Aris Mining will commence community engagement across the three municipalities in the Project’s area of influence. The ESIA evaluates the Project’s potential environmental and social impacts and sets out measures to prevent, mitigate, manage, and monitor those impacts as part of the environmental licensing process.

The engagement process will follow Colombia’s regulatory framework for mining environmental studies, including the public participation principles of the Escazú Agreement, and reflects prior and ongoing engagement with local stakeholders.

Following the engagement process, the Company expects to incorporate relevant feedback, as appropriate, before submitting the final ESIA as part of the environmental licensing process.

Aris Mining will continue to engage openly with local communities throughout the environmental licensing process and, subject to receiving the required approvals, during project development and operations.

Programa de Trabajos y Obras (PTO) Provides Technical Foundation

On July 29, 2026, the ANM approved the modification to the PTO for Soto Norte in respect of mining concession 0095-68, where the deposit is located.

The PTO is the formal technical mine plan reviewed by the ANM and sets out the basis for how the mineral deposit is proposed to be developed, including the mine design, production plan, supporting technical studies and closure considerations. In approving the plan, the ANM reviewed Soto Norte’s geology, mineral resources and reserves, mine design and production plan.

The PTO approval is separate from both the environmental licensing process and the extension of the mining concession term. Construction and mining activities contemplated by the approved PTO may not commence until the required environmental license has been obtained.

Community Relationships and Local Miner Partnerships

Aris Mining has established constructive relationships with communities in Soto Norte’s area of influence, including mayors and other municipal leaders, community representatives, and local miners. These relationships support open dialogue, inform communities about the Project and help the Company understand local priorities.

Through this engagement, the Company has identified the environmental impacts of unregulated mineral processing as a key community concern.

The ESIA reflects this engagement and was developed with input from local stakeholders to help identify, manage and mitigate impacts that are important to them.

Aris Mining’s partnership model also provides local miners with a pathway into the formal mining sector and access to industrial-scale processing, helping reduce unauthorized mining and the environmental impacts associated with unregulated processing.

Recent Environmental Regulatory Developments

On March 3, 2025, Colombia’s Ministry of Environment and Sustainable Development issued Resolution 0221, establishing a temporary reserve area over approximately 75,345 hectares in Santander (the Temporary Reserve Area) and restricting new mining authorizations and environmental licenses within the area, including areas relevant to the Soto Norte Project.

On August 4, 2026, the Ministry issued Resolution 0970 (the Temporary Reserve Extension), modifying the Temporary Reserve Area and extending its term from March 4, 2027 to March 4, 2029.

On August 6, 2026, the Ministry issued Resolution 0992, establishing a progressive delimitation of the Santurbán-Berlín Páramo jurisdiction (the 2026 Páramo Partial Delimitation) and partially replacing the prior 2014 delimitation for the areas included in the new delimitation. The 2026 Páramo Partial Delimitation formed part of the environmental regulatory framework applicable in the broader Soto Norte region.

Also on August 6, 2026, the Ministry issued Resolution 0994, establishing a permanent natural resources reserve over approximately 1,499 hectares in the municipality of California, Santander (the La Baja Reserve). The La Baja Reserve imposed restrictions on new mining authorizations and environmental licenses within the reserve area, including areas relevant to the Soto Norte Project.

On August 7, 2026, a new national administration took office in Colombia following the presidential inauguration.

On August 13, 2026, the Ministry issued Resolution 1037, revoking the La Baja Reserve in its entirety and thereby removing the restrictions associated with that reserve.

On September 28, 2026, the Ministry issued Resolution 1277, revoking the Temporary Reserve Extension. As a result, the Temporary Reserve Area continues under its prior terms, including its original expiry on March 4, 2027.

Also on September 28, 2026, the Ministry issued Resolution 1278, revoking the 2026 Páramo Partial Delimitation in its entirety. The Ministry identified procedural and legal issues with the progressive delimitation process and directed that work continue toward a new delimitation that satisfies applicable constitutional, legal, technical, environmental and participatory requirements. Accordingly, the existing Páramo protection framework remains in effect. The Soto Norte Project is located outside the Santurbán Páramo and its buffer zone.

Technical Disclosure

Table 1 – Soto Norte Project mineral reserves effective August 18, 20252

Classification

Tonnes (Mt)

Gold grade (g/t)

Silver grade (g/t)

Copper grade (%)

Contained gold (Moz)

Contained silver (Moz)

Contained copper (Mlb)

Proven

2.6

8.78

37.1

0.25

0.7

3.0

14.2

Probable

17.7

6.72

31.4

0.19

3.8

17.9

75.0

Proven + Probable

20.3

7.00

32.1

0.20

4.6

20.9

89.2

Notes:

  • Totals may not add due to rounding.

  • A gold price of US$2,200 per ounce was used for the mineral reserve estimate.

  • The mineral reserve estimate was constrained within mineable optimizer shapes and utilized a cut-off grade of 2.0 g/t Au.

  • Other than as disclosed in the Technical Report, there are no known mining, metallurgical, infrastructure, permitting, or other relevant factors that could materially affect the mineral reserve estimate or the potential development of the mineral reserves.

Table 2 – Soto Norte Project mineral resources effective August 18, 20252

Classification

Tonnes (Mt)

Gold grade (g/t)

Silver grade (g/t)

Copper grade (%)

Contained gold (Moz)

Contained silver (Moz)

Contained copper (Mlb)

Measured

3.8

7.99

36.8

0.25

1.0

4.6

21.4

Indicated

35.2

5.29

27.3

0.18

6.0

30.9

137.8

Measured + Indicated

39.0

5.55

28.2

0.19

7.0

35.5

159.2

Inferred

25.1

4.81

24.6

0.13

3.9

19.9

74.5

Notes:

  • Totals may not add due to rounding.

  • Mineral resources are inclusive of mineral reserves.

  • Mineral resources are not mineral reserves and have no demonstrated economic viability.

  • A gold price of $2,600 per ounce was used for the mineral resource estimate.

  • The mineral resource estimate utilized a gold cut-off grade of 1.6 g/t.

  • The mineral resource estimate was constrained within mineable optimizer shapes generated at a cut-off grade of 1.6 g/t Au and using a 3.8 m minimum mining width, and is inclusive of material below 1.6 g/t Au in the shapes.

  • There are no known environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors or risks that could materially affect the mineral resource estimate or the development of mineral resources.

About Aris Mining

Aris Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ARIS.

The Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces3, driven by the ramp-up at Segovia following the installation of the second mill which was completed in June 2025, and construction of the new Marmato bulk mine and CIP plant, with first gold expected in Q4 2026.

Aris Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production4. Key projects include the high-grade Soto Norte gold project in Colombia, where preparation of the Environmental and Social Impact Assessment (ESIA) has been completed and community engagement will commence, and the Toroparu gold project in Guyana, where a Prefeasibility Study is in progress and a construction decision is expected in early 2027.

Additional information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca, and on www.sec.gov.

Qualified Person and Technical Information

Pamela De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by National Instrument 43-101 (NI 43-101), and has reviewed and approved the technical information contained in this news release.

Forward-Looking Information

This news release contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to estimated timing of the community meetings, timing of a construction decision for Soto Norte, the redesigned development strategy, the Company’s ability to deliver on its 2026 objectives, updates and timing for completion, first gold pour and ramp-up at the Marmato CIP plant, the Soto Norte community engagement process, including the receipt and consideration of community feedback and the finalization of the ESIA, mineral reserve and mineral resource estimates, the timing and outcome of the Santurban Paramo delimitation process, the Company’s longer-term growth outlook, the timeline for a Prefeasibility Study and construction decision for the Toroparu Project, the expected economic, socioeconomic and community benefits resulting from the Soto Norte project, the timeline and process for submitting the Soto Norte environmental license application, the objective of reaching 1 million ounces of gold production, are forward-looking. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “will continue” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.

Forward looking information and forward looking statements, while based on management’s best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to those factors discussed in the section entitled “Risk Factors” in Aris Mining’s annual information form dated March 11, 2026 which is available on SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual report on Form 40-F, filed with the SEC at www.sec.gov.

Although Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The Company discloses in its Management’s Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.

1 See technical report entitled “NI 43-101 Technical Report Prefeasibility Study for the Soto Norte Project, Santander, Colombia” dated September 3, 2025 with an effective date of August 18, 2025.

2 See technical report entitled “NI 43-101 Technical Report Prefeasibility Study for the Soto Norte Project, Santander, Colombia” dated September 3, 2025 with an effective date of August 18, 2025.

3 Reflects expected steady-state annual gold production of approximately 300 thousand ounces (koz) at Segovia and 200 koz at Marmato following completion and ramp-up of the respective expansion projects. For more information, please refer to the Company’s news releases dated June 30, 2025 regarding the Segovia expansion and March 12, 2025 regarding the Marmato expansion.

4 Includes potential production estimates from Toroparu, which is based on a preliminary economic assessment effective October 21, 2025, which contemplates a 7.0 Mtpa operation over a 21.3-year mine life with average annual gold production of approximately 235 koz at a base case gold price of US$3,000/oz. The preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining all necessary permits and to formal construction decisions by the Company, in each case for both Soto Norte and Toroparu.

Aris Mining Contact

Oliver Dachsel

Senior Vice President, Capital Markets

+1.917.847.0063

Lillian Chow

Director, Investor Relations & Communications

[email protected]

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