Market Newsdesk

All amounts in Canadian dollars unless otherwise stated.

BROOKFIELD, NEWS, Dec. 02, 2022 (GLOBE NEWSWIRE) — Brookfield (NYSE: BAM, TSX: BAM.A) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 30 (“Series 30 Shares”) (TSX: BAM.PR.Z) for the five years commencing January 1, 2023 and ending December 31, 2027, and also determined the fixed dividend on its Cumulative Class A Preference Shares, Series 48 (“Series 48 Shares”) (TSX: BAM.PF.J) for the five years commencing January 1, 2023 and ending December 31, 2027. As previously disclosed, the Series 30 Shares and Series 48 Shares are expected to commence trading on the TSX under the updated symbols “BN.PR.Z” and “BN.PF.J”, respectively, on December 12, 2022.

Series 30 Shares and Series 31 Shares

If declared, the fixed quarterly dividends on the Series 30 Shares during the five years commencing January 1, 2023 will be paid at an annual rate of 6.089% ($0.3805625 per share per quarter).

Holders of Series 30 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on December 16, 2022, to convert all or part of their Series 30 Shares, on a one-for-one basis, into Cumulative Class A Preference Shares, Series 31 (the “Series 31 Shares”), effective December 31, 2022. The quarterly floating rate dividends on the Series 31 Shares will be paid at an annual rate, calculated for each quarter, of 2.96% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the January 1, 2023 to March 31, 2023 dividend period for the Series 31 Shares will be 1.74896% (7.093% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.43724 per share, payable on March 31, 2023.

Holders of Series 30 Shares are not required to elect to convert all or any part of their Series 30 Shares into Series 31 Shares.

As provided in the share conditions of the Series 30 Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series 30 Shares outstanding after December 31, 2022, all remaining Series 30 Shares will be automatically converted into Series 31 Shares on a one-for-one basis effective December 31, 2022; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series 31 Shares outstanding after December 31, 2022, no Series 30 Shares will be permitted to be converted into Series 31 Shares. There are currently 9,787,090 Series 30 Shares outstanding.

The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series 31 Shares effective upon conversion. Listing of the Series 31 Shares is subject to Brookfield fulfilling all the listing requirements of the TSX.

Series 48 Shares and Series 49 Shares

If declared, the fixed quarterly dividends on the Series 48 Shares during the five years commencing January 1, 2023 will be paid at an annual rate of 6.229% ($0.3893125 per share per quarter).

Holders of Series 48 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on December 16, 2022, to convert all or part of their Series 48 Shares, on a one-for-one basis, into Cumulative Class A Preference Shares, Series 49 (the “Series 49 Shares”), effective December 31, 2022. The quarterly floating rate dividends on the Series 49 Shares will be paid at an annual rate, calculated for each quarter, of 3.10% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the January 1, 2023 to March 31, 2023 dividend period for the Series 49 Shares will be 1.78348% (7.233% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.44587 per share, payable on March 31, 2022.

Holders of Series 48 Shares are not required to elect to convert all or any part of their Series 48 Shares into Series 49 Shares.

As provided in the share conditions of the Series 48 Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series 48 Shares outstanding after December 31, 2022, all remaining Series 48 Shares will be automatically converted into Series 49 Shares on a one-for-one basis effective December 31, 2022; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series 49 Shares outstanding after December 31, 2022, no Series 48 Shares will be permitted to be converted into Series 49 Shares. There are currently 11,885,972 Series 48 Shares outstanding.

The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series 49 Shares effective upon conversion. Listing of the Series 49 Shares is subject to Brookfield fulfilling all the listing requirements of the TSX.

About Brookfield

Brookfield (NYSE: BAM, TSX: BAM.A) is a leading global alternative asset manager with over US$750 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world —including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

For more information, please visit our website at www.brookfield.comor contact:

Communications & Media Kerrie McHugh Tel: (212) 618-3469 Email: [email protected]

Investor Relations Linda Northwood Tel: (416) 359-8647 Email: [email protected]

 

NEW YORK, Dec. 02, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Unisys Corporation (“Unisys” or the “Company”) (NYSE: UIS). A class action complaint has been filed on behalf of investors that purchased or otherwise acquired Unisys securities between August 3, 2022 and November 7, 2022, inclusive (the “Class Period”).

If you would like to discuss this case or our investigation, please contact us by emailing


[email protected]


or by calling (212) 329-8571. Or click here.

If you are a member of the proposed Class, you may move the court no later than January 10, 2023 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On November 8, 2022, Unisys disclosed that it is “is unable to file, without unreasonable effort and expense and within the prescribed time period, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the “Form 10-Q”).

According to the complaint, on November 7, 2022, post-market, Unisys issued a press release disclosing that the Company was lowering its previously stated 2022 financial guidance by a significant margin and that it would be “unable to file, without unreasonable effort and expense and within the prescribed time period, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (the ‘Form 10-Q’).”

Specifically, the November 7 press release stated that the Company’s Audit and Finance Committee “is conducting an internal investigation regarding certain disclosure controls and procedures matters” and that “[f]ollowing the evaluation of the results of the investigation, the Company expects that it may determine that there are one or more material weaknesses in its internal control over financial reporting, which may result in a conclusion that the Company’s disclosure controls and procedures and internal control over financial reporting are not effective.”

On November 8, 2022, Unisys shares declined from a closing price on November 7, 2022 of $8.96 per share, to close at $4.58 per share, a decline of $4.38 per share, or over 48%, on very high volume.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

If you have any questions about this investigation, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 329-8571
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: [email protected]

PALMDALE, Calif., Dec. 02, 2022 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) and the U.S. Air Force unveiled the B-21 Raider to the world today. The B-21 joins the nuclear triad as a visible and flexible deterrent designed for the U.S. Air Force to meet its most complex missions.

“The Northrop Grumman team develops and delivers technology that advances science, looks into the future and brings it to the here and now,” said Kathy Warden, chair, chief executive officer and president, Northrop Grumman. “The B-21 Raider defines a new era in technology and strengthens America’s role of delivering peace through deterrence.”

The B-21 Raider forms the backbone of the future for U.S. air power, leading a powerful family of systems that deliver a new era of capability and flexibility through advanced integration of data, sensors and weapons. Its sixth-generation capabilities include stealth, information advantage and open architecture.

“The B-21 Raider is a testament to America’s enduring advantages in ingenuity and innovation. And it’s proof of the Department’s long-term commitment to building advanced capabilities that will fortify America’s ability to deter aggression, today and into the future. Now, strengthening and sustaining U.S. deterrence is at the heart of our National Defense Strategy,” said Secretary of Defense Lloyd J. Austin III. “This bomber was built on a foundation of strong, bipartisan support in Congress. And because of that support, we will soon fly this aircraft, test it and then move into production.”

The B-21 is capable of networking across the battlespace to multiple systems, and into all domains. Supported by a digital ecosystem throughout its lifecycle, the B-21 can quickly evolve through rapid technology upgrades that provide new capabilities to outpace future threats.

“With the B-21, the U.S. Air Force will be able to deter or defeat threats anywhere in the world,” said Tom Jones, corporate vice president and president, Northrop Grumman Aeronautics Systems. “The B-21 exemplifies how Northrop Grumman is leading the industry in digital transformation and digital engineering, ultimately delivering more value to our customers.”

The B-21 Raider is named in honor of the Doolittle Raids of World War II when 80 men, led by Lt. Col. James “Jimmy” Doolittle, and 16 B-25 Mitchell medium bombers set off on a mission that changed the course of World War II. The designation B-21 recognizes the Raider as the first bomber of the 21st century.

Northrop Grumman is a technology company, focused on global security and human discovery. Our pioneering solutions equip our customers with capabilities they need to connect, advance and protect the U.S. and its allies. Driven by a shared purpose to solve our customers’ toughest problems, our 90,000 employees define possible every day.

Credit: Northrop Grumman

Contact:
Katherine Thompson
321-586-8847
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fab2c6e7-f02e-4f5d-a8e3-beaafe0e08cc

HOUSTON, Dec. 02, 2022 (GLOBE NEWSWIRE) — Kayne Anderson NextGen Energy & Infrastructure, Inc. (the “Fund”) (NYSE: KMF) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2022.

As of November 30, 2022, the Fund’s net assets were $463.6 million and its net asset value per share was $9.82. As of November 30, 2022, the Fund’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 731% and the Fund’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 481%.

Kayne Anderson NextGen Energy & Infrastructure, Inc.
Statement of Assets and Liabilities
November 30, 2022
(Unaudited)
		(in millions)
Investments		$	576.3
Cash and cash equivalents			6.3
Receivable for securities sold			2.4
Accrued income			1.3
Other assets			0.6
Total assets			586.9
Notes			80.1
Unamortized notes issuance costs			(0.1	)
Preferred stock			41.5
Unamortized preferred stock issuance costs			(0.5	)
Total leverage			121.0
Other liabilities			2.3
Net assets		$	463.6

The Fund had 47,197,462 common shares outstanding as of November 30, 2022.

As of November 30, 2022, equity and debt investments were 99% and 1%, respectively, of the Fund’s long-term investments. Long-term investments were comprised of Midstream Company (39%), Natural Gas & LNG Infrastructure Company (27%), Renewable Infrastructure Company (17%), Utility Company (16%) and Debt (1%).

The Fund’s ten largest holdings by issuer at November 30, 2022 were:      

			Amount (in millions)*			Percent of Long-Term Investments
1.	Enterprise Products Partners L.P. (Midstream Company)		$43.0			7.5	%
2.	Targa Resources Corp. (Midstream Company)			42.5		7.4	%
3.	Cheniere Energy, Inc. (Natural Gas & LNG Infrastructure Company)			40.4		7.0	%
4.	The Williams Companies, Inc. (Natural Gas & LNG Infrastructure Company)			37.3		6.5	%
5.	Energy Transfer LP (Midstream Company)			33.2		5.8	%
6.	Plains GP Holdings, L.P. ** (Midstream Company)			30.4		5.3	%
7.	MPLX LP (Midstream Company)			27.7		4.8	%
8.	DT Midstream, Inc. (Natural Gas & LNG Infrastructure Company)			24.2		4.2	%
9.	NextEra Energy Partners, LP (Renewable Infrastructure Company)			22.1		3.8	%
10.	TC Energy Corporation (Natural Gas & LNG Infrastructure Company)			20.6		3.6	%

_________________

*	Includes ownership of equity and debt investments.
**	Includes ownership of Plains GP Holdings, L.P. (“PAGP”) and Plains AAP, L.P. (“PAGP-AAP”).

###

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Fund’s most recent quarterly or annual report.

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Fund’s investment objective is to provide a high level of total return with an emphasis on making cash distributions to its stockholders. The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities of Energy Companies and Infrastructure Companies. The Fund anticipates that the majority of its investments will consist of investments in ”NextGen” companies, which we define as Energy Companies and Infrastructure Companies that are meaningfully participating in, or benefitting from, the Energy Transition. See Glossary of Key Terms in the Fund’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Fund’s filings with the SEC, available at

www.kaynefunds.com

or

www.sec.gov

. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Fund’s investment objectives will be attained.

Contact: Investor Relations at (877) 657-3863 or [email protected]

 

HOUSTON, Dec. 02, 2022 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of November 30, 2022.

As of November 30, 2022, the Company’s net assets were $1.4 billion, and its net asset value per share was $10.64. As of November 30, 2022, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 602% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 443%.

Kayne Anderson Energy Infrastructure Fund, Inc.
Statement of Assets and Liabilities
November 30, 2022
(Unaudited)
		(in millions)
Investments		$	1,990.4
Cash and cash equivalents			2.3
Receivable for securities sold			1.1
Accrued income			2.3
Current tax asset, net			7.8
Other assets			0.8
Total assets			2,004.7
Term loan			50.0
Unamortized term loan issuance costs			(0.1	)
Notes			260.8
Unamortized notes issuance costs			(1.3	)
Preferred stock			111.6
Unamortized preferred stock issuance costs			(1.4	)
Total leverage			419.6
Other liabilities			13.3
Deferred tax liability, net			123.8
Total liabilities			137.1
Net assets		$	1,448.0

The Company had 136,131,530 common shares outstanding as of November 30, 2022.

Long-term investments were comprised of Midstream Energy Company (83%), Utility Company (9%), Renewable Infrastructure Company (7%) and Other Energy (1%).

The Company’s ten largest holdings by issuer at November 30, 2022 were:

			Amount (in millions)*			Percent of Long-Term Investments
1.	Energy Transfer LP (Midstream Energy Company)		$211.2			10.6	%
2.	MPLX LP (Midstream Energy Company)			202.9		10.2	%
3.	Enterprise Products Partners L.P. (Midstream Energy Company)			198.2		10.0	%
4.	Targa Resources Corp. (Midstream Energy Company)			158.6		8.0	%
5.	The Williams Companies, Inc. (Midstream Energy Company)			144.5		7.3	%
6.	Plains All American Pipeline, L.P. ** (Midstream Energy Company)			140.3		7.0	%
7.	Cheniere Energy, Inc. (Midstream Energy Company)			132.6		6.7	%
8.	Western Midstream Partners, LP (Midstream Energy Company)			99.9		5.0	%
9.	DT Midstream, Inc. (Midstream Energy Company)			55.4		2.8	%
10.	ONEOK, Inc. (Midstream Energy Company)			54.0		2.7	%

_________________

*	Includes ownership of equity and debt investments.
**	Includes ownership of Plains All American Pipeline, L.P. (“PAA”) and Plains AAP, L.P. (“PAGP-AAP”).

###

Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or take into account the specific objectives or circumstances of any investor. Please consult with your investment, tax, or legal adviser regarding your individual circumstances prior to investing.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include, but are not limited to, changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at

www.kaynefunds.com

or

www.sec.gov

. Actual events could differ materially from these statements or from our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

Contact: Investor Relations at (877) 657-3863 or [email protected]

 

BATON ROUGE, La., Dec. 02, 2022 (GLOBE NEWSWIRE) — Amedisys, Inc. (NASDAQ: AMED), a leading provider of home health, hospice, personal care and high-acuity care, today announced that Paul B. Kusserow, Chairman and Chief Executive Officer and Scott Ginn, Chief Operating Officer, will present at the Bank of American Securities Home Care Conference on Tuesday, December 6 at 9 a.m. ET.

To access a live webcast of the Amedisys presentations, please log on through our website at http://investors.amedisys.com.

About Amedisys:

Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health, hospice, personal care and high-acuity care services. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based personal care; inpatient hospital, palliative, and skilled nursing facility (“SNF”) care in their homes; recovery and rehabilitation after an operation or injury; care focused on empowering them to manage a chronic disease; or hospice care at the end of life. More than 3,000 hospitals and 90,000 physicians nationwide have chosen Amedisys as a partner in post-acute care. Founded in 1982, headquartered in Baton Rouge, LA with an executive office in Nashville, TN, Amedisys is a publicly held company. With approximately 21,000 employees, in 547 care centers in 36 states and the District of Columbia, Amedisys is dedicated to delivering the highest quality of care to the doorsteps of more than 445,000 patients in need every year, performing more than 11.5 million visits annually. For more information about the Company, please visit: www.amedisys.com.

Contact: Nick Muscato Amedisys, Inc. Investor Relations 615.928.5452 [email protected]	Kendra Kimmons Amedisys, Inc. Media Relations 225.299.3720 [email protected]