IDEX Corporation to Webcast Third Quarter 2021 Earnings Call

IDEX Corporation to Webcast Third Quarter 2021 Earnings Call

NORTHBROOK, Ill.–(BUSINESS WIRE)–
IDEX CORPORATION (NYSE:IEX) announced today that it has scheduled the broadcast of the company’s third quarter earnings conference call over the Internet on Wednesday, October 27, 2021 at 9:30 a.m. CT. Chief Executive Officer and President Eric Ashleman and Senior Vice President and Chief Financial Officer, William Grogan will discuss the company’s third quarter 2021 financial performance and respond to questions from the financial community.

IDEX invites interested investors to listen to the call and view the presentation slides, which will be available on its website: www.idexcorp.com. To hear the live call, log on to the site several minutes before the discussion begins. After clicking on the presentation icon, follow the instructions to ensure your system is set up for the event, or download the correct applications at no charge. An archive of the webcast will be available through the IDEX website after the call. An audio replay of the call is also available through midnight, November 27, 2021 by dialing 877.660.6853 or (201.612.7415) for international participants using conference code # 13712091.

About IDEX

IDEX (NYSE: IEX) is a company that has undoubtedly touched your life in some way. In fact, IDEX businesses make thousands of products that are mission-critical components in everyday activities. Chances are the car you’re driving has a BAND-IT® clamp holding your side airbag safely in place. If you were ever in a car accident, a Hurst Jaws of Life® rescue tool may have saved your life. If you or a family member is battling cancer, your doctor may have tested your DNA in a quest to find the best targeted medicine for you. It’s likely your DNA test was run on equipment that contains components made by our growing IDEX Health & Science team. Founded in 1988 with three small, entrepreneurial manufacturing companies, we’re proud to say that we now call 40 diverse businesses around the world part of the IDEX family. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global $2+ billion company committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX”.

For further information on IDEX Corporation and its business units, visit the company’s website at www.idexcorp.com

IDEX Corporation

William K. Grogan

Senior Vice President and Chief Financial Officer

847.498.7070

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Technology General Automotive Engineering Health Automotive Manufacturing Manufacturing Other Health Automotive Construction & Property Building Systems Other Technology Medical Devices General Health Other Manufacturing

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Empire State Realty Trust Signs New Lease With American Eagle Outfitters In Prime Connecticut Retail Location

ESRT-owned building is now fully leased

PR Newswire

NEW YORK, Sept. 27, 2021 /PRNewswire/ — Empire State Realty Trust (NYSE: ESRT) announced today that global fashion retailer American Eagle Outfitters has signed a new lease for a 2,874 square foot retail space at its prime main street location at 69-97 Main Street. The ESRT-owned shops in Westport, Connecticut are now fully leased after a major tenant repositioning program.

The shops at 69-97 Main Street are at the center of Westport’s premier shopping district. Dual store entrances provide direct access to the premises from both Main Street and Parker Harding Plaza for guest convenience. The tenant mix at the Westport property includes Sundance, Theory, Lululemon, and Johnny Was.

“We are pleased to have full occupancy at the Westport shops with the addition of a great tenant like American Eagle,” said Thomas P. Durels, executive vice president, real estate at ESRT.

Stephen Asch of Lee & Associates represented American Eagle in the lease negotiations. Landlord representation was provided by Fred C. Posniak of ESRT, and Skip Lane, Carl Wunderlich, and Joe Grotto of Cushman & Wakefield.

More information about current ESRT retail opportunities can be found online.

About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the “World’s Most Famous Building.” The company’s office and retail portfolio covers 10.1 million rentable square feet, as of June 30, 2021, which consists of 9.4 million rentable square feet across 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; as well as approximately 700,000 rentable square feet in the retail portfolio. 

Empire State Realty Trust is a leader in energy efficiency in the built environment and sustainability space, with 76 percent of the eligible portfolio ENERGY STAR certified and 100 percent fully powered by renewable wind electricity. As the first commercial real estate portfolio in the Americas to achieve the evidence-based, third-party verified WELL Health-Safety Rating for health and safety, ESRT additionally earned the highest possible GRESB 5 Star Rating and Green Star recognition for sustainability performance in real estate and was named a Fitwel Champion for healthy, high-performance buildings. To learn more about Empire State Realty Trust, visit esrtreit.com and follow ESRT on Facebook, Instagram, Twitter and LinkedIn.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Federal securities laws. You can identify these statements by our use of words such as “assumes,” “believes,” “estimates,” “expects,” “intends,” “plans,” “projects” or the negative of these words or similar words or expressions that do not relate to historical matters. You should exercise caution in interpreting and relying on forward-looking statements, because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ESRT’s control and could materially affect actual results, performance or achievements. Such factors and risks include, without limitation, the current public health crisis and economic disruption from the COVID-19 pandemic, a failure of conditions or performance regarding any event or transaction described above, regulatory changes, and other risks and uncertainties described from time to time in ESRT’s and ESROP’s filings with the SEC, including those set forth in each of ESRT’s and ESROP’s Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021, under the heading “Risk Factors”. Except as may be required by law, ESRT and ESROP do not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Category: Leasing

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SOURCE Empire State Realty Trust, Inc.

RGC Resources, Inc. Declares Quarterly Dividend

ROANOKE, Va., Sept. 27, 2021 (GLOBE NEWSWIRE) — The Board of Directors of RGC Resources, Inc. (NASDAQ: RGCO), at its meeting on September 27, 2021, declared a quarterly dividend of $0.185 per share on the Company’s common stock. The dividend will be paid on November 1, 2021 to shareholders of record on October 15, 2021. This will be the Company’s 310th consecutive quarterly cash dividend.

RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C.

From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company’s forward-looking statements. Past performance is not necessarily a predictor of future results.

Contact: Paul W. Nester
  President and CEO
Telephone: 540-777-3837

        
                 
       



Maximus Named to Forbes’ List of America’s Best Employers for Diversity

Maximus Named to Forbes’ List of America’s Best Employers for Diversity

RESTON, Va.–(BUSINESS WIRE)–
Maximus (NYSE: MMS), a leading provider of government services worldwide, was named to Forbes’ list of America’s Best Employers for Diversity 2021. Maximus is honored to have received such recognition highlighting our ongoing efforts to create a more inclusive workplace and culture for diversity, equity, and inclusion (DE&I).

“Today’s social justice movement has brought needed focus and renewed energy to issues our nation has faced for hundreds of years. We must ensure our efforts and resources support the right initiatives. And to do so, Maximus must lead by example. This recognition showcases our continued strides toward our commitment to diversity, equity, and inclusion,” said Michelle Link, Chief Human Resources Officer, Maximus.

As part of our ongoing strategy to increase DE&I in the workplace, Maximus seeks to foster a culture that respects and values individual contributions and differences. A commitment to create a more inclusive workplace has materialized through many forms, including developing DE&I workshops, monthly Community Conversations, and networking events. In 2020, the Company launched its DE&I Steering and Design Committees which lead efforts around employee diversity across race and ethnicity, gender, position, and division.

“We are seeing a shift in nationwide consciousness. Systemic change won’t happen overnight, but that won’t keep us from advocating and leading our efforts. We could not have the positive impact on the lives of the individuals and families we serve without a diverse and inclusive workforce and culture,” said Link.

In partnership with Statista, a market research company, Forbes selected America’s Best Employers for Diversity based upon an independent survey of over 50,000 U.S. employees who work for companies with a minimum of 1,000 employees. Participants rated organizations based on several criteria, including age, gender, ethnicity, disability, sexual orientation, equality, and general diversity. The list recognizes the top 500 employers who received the most recommendations from employees and have the most proactive diversity and inclusion initiatives including the most diverse boards and top governing ranks.

Discover more about Maximus’ commitment to DE&I.

About Maximus

Since 1975, Maximus (NYSE: MMS) has operated under its founding mission of Helping Government Serve the People®, enabling citizens around the globe to successfully engage with their governments at all levels and across a variety of health and human services programs. Maximus delivers innovative business process management and technology solutions that contribute to improved outcomes for citizens and higher levels of productivity, accuracy, accountability, and efficiency of government-sponsored programs. With approximately 34,000 employees worldwide, Maximus is a proud partner to government agencies in the United States, Australia, Canada, Italy, Saudi Arabia, Singapore, South Korea, Sweden, and the United Kingdom. For more information, visit maximus.com.

InvestorRelations

James Francis 703.251.8526

[email protected]

Madison West 703.251.8443

[email protected]

Media & Public Relations

Eileen Rivera 571.329.3410

[email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Professional Services White House/Federal Government Public Policy/Government State/Local Other Professional Services Human Resources Consulting

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Ball Aerospace’s Land Imaging Instrument on NASA’s Landsat 9 Satellite Launches Successfully

PR Newswire

BROOMFIELD, Colo., Sept. 27, 2021 /PRNewswire/ — The Ball Aerospace-built Operational Land Imager 2 (OLI-2) instrument successfully launched today aboard Landsat 9, the latest in a series of joint missions between NASA and the United States Geological Society (USGS) that has provided essential monitoring of key natural and economic resources from orbit for nearly 50 years.

“It is an honor to be a part of this important launch that will carry the Landsat mission into its next decade of existence and continue the longest-running Earth observation program,” said Dr. Makenzie Lystrup, vice president and general manager, Civil Space, Ball Aerospace. “Our goal was to develop a technologically advanced solution that was both cost effective and capable of delivering highly-calibrated multispectral imagery and improved land surface information. This launch is the culmination of a lot of hard work by a lot of talented people to achieve that goal.”

In addition to the instrument (OLI-2), Ball designed and built the cryocooler that will keep Landsat 9’s Thermal Infrared Sensor 2 (TIRS-2) chilled to a frigid 40 Kelvin (-388 F). The TIRS-2 instrument, designed and built by NASA Goddard Space Flight Center, measures thermal radiance emitted from the Earth’s surface.

The OLI-2 instrument, similar to its predecessor – OLI-1 launched in 2013 – is a push-broom sensor with a four-mirror telescope that takes measurements in the visible, near infrared and shortwave infrared portions of the electromagnetic spectrum. The OLI-2 instrument on Landsat 9 will image the Earth every 16 days in an eight-day offset with Landsat 8. Landsat 9 will collect as many as 750 scenes per day, and with Landsat 8, the two satellites will add nearly 1,500 new scenes a day to the USGS Landsat archive.

Since 1972, Landsat satellites have provided essential measurements to help the Nation make informed decisions about natural resource management, including compiling routine drought assessments; developing wildfire prevention strategies; monitoring land surface changes; evaluating agricultural production; and understanding the Earth’s ecosystem.

As Landsat 9 begins its tour of duty, Ball is already exploring innovative technologies that could support future Landsat missions. It recently completed three studies for NASA examining the potential for precisely calibrated sensors that are significantly smaller, lighter and use less power. Additionally, Ball was selected in August to conduct two six-month architecture studies on extending Ball’s Operational Land Imager (OLI) and Reduced Envelope Multispectral Imager (REMI) instrument designs to address new spectral bands, improved spatial resolution and new orbit parameters.

Powered by endlessly curious people with an unwavering mission focus, Ball Aerospace pioneers discoveries that enable our customers to perform beyond expectation and protect what matters most. We create innovative space solutions, enable more accurate weather forecasts, drive insightful observations of our planet, deliver actionable data and intelligence, and ensure those who defend our freedom go forward bravely and return home safely. Go Beyond with Ball.® For more information, visit www.ball.com/aerospace or connect with us on Facebook or Twitter.

About Ball Corporation
Ball Corporation (NYSE: BLL) supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 21,500 people worldwide and reported 2020 net sales of $11.8 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.


Forward-Looking Statements

This release contains “forward-looking” statements concerning future events and financial performance. Words such as “expects,” “anticipates,” “estimates,” “believes,” and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and any such statements should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Additional factors that might affect: a) our packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; political instability and sanctions; currency controls; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; rates of return on assets of the Company’s defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies both in the U.S. and in other countries, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, and their effects on our operating results and business generally.

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SOURCE Ball Aerospace

Thorne HealthTech Announces Closing of its Initial Public Offering

PR Newswire

NEW YORK, Sept. 27, 2021 /PRNewswire/ — Thorne HealthTech (NASDAQ: THRN), a leader in developing innovative solutions for a personalized approach to health and wellbeing, today announced the closing of its initial public offering of 7,000,000 shares of common stock at a price of $10.00 per share, for total gross proceeds for the offering, before deducting the underwriting discounts and other offering expenses, of $70.0 million. Thorne HealthTech’s shares began trading on the Nasdaq Global Select Market on September 23, 2021, under the ticker symbol “THRN.” 

BofA Securities, Cowen and Evercore ISI acted as lead book-running managers for the offering. RBC Capital Markets acted as an additional book-running manager.

A registration statement relating to the offering of these securities was filed with the U.S. Securities and Exchange Commission and became effective on September 22, 2021. The offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from:

BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department; Email: [email protected]; Cowen and Company, LLC, c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, by email at [email protected] or by telephone at (833) 297-2926; or Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by email at [email protected] or by telephone at (888) 474-0200.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Thorne HealthTech
Thorne HealthTech is a leader in developing innovative solutions for a personalized approach to health and wellbeing. Thorne HealthTech is a science-driven wellness company that is utilizing testing and data to create improved product efficacy and deliver personalized solutions to consumers, health professionals, and corporations. Thorne HealthTech’s unique, vertically integrated brands, Thorne and Onegevity, provide insights and personalized data, products, and services that help individuals take a proactive and actionable approach to improve and maintain their health over a lifetime.

CONTACTS

Media

Isabella Wiltse

[email protected] 

Investor Relations

Danielle O’Brien

[email protected]

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SOURCE Thorne HealthTech

Braemar Hotels & Resorts Announces Maturity Extensions For The Mortgage Loans On Its Napa Valley Hotels

PR Newswire

DALLAS, Sept. 27, 2021 /PRNewswire/ — Braemar Hotels & Resorts Inc. (NYSE: BHR) (“Braemar” or the “Company”) announced today that it has finalized an extension of its mortgage loans for the Bardessono Resort & Spa with a final maturity in August 2022, and the Hotel Yountville with a final maturity in May 2022.  Both hotels are located in Yountville, California.  Each of the loans is being extended for one year beyond their initial maturity on the same terms as the original loan. 

“We are very pleased to be able to extend these loans for an additional year,” said Richard J. Stockton, Braemar’s President and Chief Executive Officer. “In doing so, we have only one loan maturing in 2022 with a balance of $67.5 million and have no debt maturities for the balance of this year.”

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

Certain statements and assumptions in this press release contain or are based upon “forward-looking” information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include, among others, statements about the Company’s strategy and future plans. These forward-looking statements are subject to risks and uncertainties. When we use the words “will likely result,” “may,” “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” or similar expressions, we intend to identify forward-looking statements. Such statements are subject to numerous assumptions and uncertainties, many of which are outside Braemar’s control.

These forward-looking statements are subject to known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated, including, without limitation: the impact of COVID-19, and the rate of adoption and efficacy of vaccines to prevent COVID-19, on our business and investment strategy; the timing and outcome of the Securities and Exchange Commission’s investigation; our ability to repay, refinance or restructure our debt and the debt of certain of our subsidiaries;
anticipated or expected purchases or sales of assets; our projected operating results; completion of any pending transactions; our understanding of our competition; market trends; projected capital expenditures; the impact of technology on our operations and business; general volatility of the capital markets and the market price of our common stock and preferred stock; availability, terms and deployment of capital; availability of qualified personnel; changes in our industry and the markets in which we operate, interest rates or the general economy; and the degree and nature of our competition. These and other risk factors are more fully discussed in Braemar’s filings with the Securities and Exchange Commission.

The forward-looking statements included in this press release are only made as of the date of this press release.
Such forward-looking statements are based on our beliefs, assumptions, and expectations of our future performance taking into account all information currently known to us. These beliefs, assumptions, and expectations can change as a result of many potential events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations, plans, and other objectives may vary materially from those expressed in our forward-looking statements. You should carefully consider this risk when you make an investment decision concerning our securities. Investors should not place undue reliance on these forward-looking statements. The Company can give no assurance that these forward-looking statements will be attained or that any deviation will not occur. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or circumstances, changes in expectations, or otherwise, except to the extent required by law.

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SOURCE Braemar Hotels & Resorts Inc.

Centerra Gold Seeks Urgent Relief in International Arbitration to Prevent the Kyrgyz Republic from Destroying the Integrity, Value and Long-Term Viability of the Kumtor Mine

Kyrgyz Government’s Actions Jeopardize Mine’s Safety, Sustainability and Continued Operation

TORONTO, Sept. 27, 2021 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) announced today that it has filed an application requesting urgent interim measures in its international arbitration against the government of the Kyrgyz Republic and Kyrgyzaltyn JSC, the state-owned gold refining monopoly and Centerra’s largest shareholder, to address critical operational and safety problems at the Kumtor Mine.

Through this application, Centerra seeks to prevent the Kyrgyz Republic and Kyrgyzaltyn JSC from causing irreparable damage to the mine, destroying its integrity, value and long-term viability. As previously disclosed, Centerra initiated binding arbitration against the Kyrgyz government in response to actions taken against the Company’s wholly owned subsidiary Kumtor Gold Company (“KGC”), to expropriate the Kumtor Mine under the guise of “external management” and strip KGC of its assets.

Dan Desjardins, the Chief Operating Officer of Centerra who managed the Kumtor Mine for five years as the President of KGC until January 2020, said: “Statements by Kyrgyz officials since the government’s illegal seizure of the Kumtor Mine indicate that they are departing from the approved mine plan in ways that will cause irreversible damage. Based on recent reports, the government has also failed to adequately protect the mine’s infrastructure from flooding and other threats and may be facing production difficulties. Their actions, and threatened actions in pursuit of short-term profits at the expense of sustainability, place the long-term viability of the Kumtor Mine at grave risk and compromise the safety and livelihoods of its employees.”

Centerra seeks the following immediate relief pending a final award in the arbitration:

  • An order directing the Kyrgyz Republic to refrain from deviating from the government-approved 2021 Kumtor Mine Plan and to provide Centerra with regular reports on the mine’s operations;
  • An order directing the Kyrgyz Republic and Kyrgyzaltyn JSC to refrain from transferring any Centerra shares or KGC assets without a prompt accounting and payment of profits that otherwise would have been payable to the Company into an escrow account; and
  • An order directing the Kyrgyz Republic and Kyrgyzaltyn JSC to refrain from interfering with the arbitration process, including through spurious fines, tax claims and legal proceedings, and intimidating or threatening Centerra’s employees and agents.

Under applicable investment agreements, Centerra’s claims will be adjudicated in arbitration proceedings to be held in Stockholm, Sweden and conducted under the rules of the United Nations Commission on International Trade Law (“UNCITRAL”). The Permanent Court of Arbitration (“PCA”) has appointed The Rt. Hon. Lord Hoffmann as the sole arbitrator of the matters in dispute and the governing law of the arbitration is the law of the State of New York and of England.

Centerra’s application states that the Kyrgyz government and its agents are jeopardizing the Kumtor Mine itself and Centerra’s ability to receive any award at the conclusion of the arbitration as a result of the following egregious acts of mismanagement:


  • Maximizing Short-Term Output in Pursuit of a Quick Profit Will Reduce the Life of the Mine

For more than 20 years, Centerra, through KGC, successfully operated the Kumtor Mine by following carefully designed mine plans that had been approved by successive governments of the Kyrgyz Republic. Since the government seized the mine on the weekend of May 15 and 16 2021, the government-appointed mine managers appear to be departing from the mine plan, apparently to extract quick profits by mining only high-grade ore. This could make it infeasible to obtain the full value of the gold from the mine, materially reducing the total output over the life of the mine. Prior to the mine’s illegal seizure, Centerra had planned to invest US$2 billion to extend the life of the mine by five years to 2031.


  • Improper Operation of Specialized Water Pumps Could Destabilize and Collapse the Pit Wall

Beginning in about 2015, as the pit depth increased, Centerra management invested more than US$10 million to build a highly specialized pump system to keep glacial meltwater from entering the mining pit areas and similarly specialized pump systems to remove any water that enters the pit. Based on photographic evidence, the government-imposed management does not appear to be operating those pumps effectively. Large amounts of water can be seen streaming down the walls of the mine and glacial meltwater is accumulating in the bottom of the pit well beyond normal levels. The mine cannot operate effectively if water collects at the bottom of the pit, because that is where the highest-grade ore is mined. Allowing large amounts of glacial meltwater to flow down the pit walls also destabilizes the walls and can cause them to collapse.


  • Transitioning to Underground Mining Risks Irreversible Damage

The Kyrgyz government-appointed external management has publicly stated that it plans to reconfigure the Kumtor Mine from an open pit to an underground mine. KGC previously engaged a mining contractor to study and develop underground mining at the site, and after extensive work, the company determined that it was not geologically and economically viable. The pursuit of an underground mining plan risks causing irreversible damage to Centerra’s longstanding investment in the open pit mine.

About Centerra

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in North America, Asia and other markets worldwide. Centerra operates two mines, the Mount Milligan Mine in British Columbia, Canada and the Öksüt Mine in Turkey, and its Molybdenum Business Unit in the United States. The Company owns the Kumtor Mine in the Kyrgyz Republic, which is currently not under the Company’s control. Centerra’s shares trade on the Toronto Stock Exchange (TSX) under the symbol CG and on the New York Stock Exchange (NYSE) under the symbol CGAU. The Company is based in Toronto, Ontario, Canada.

Caution Regarding Forward-Looking Information

Information contained in this document which are not statements of historical facts may be “forward-looking information” for the purposes of Canadian securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the claims brought and relief sought by the Company against the Kyrgyz Republic
and Kyrgyzaltyn JSC in binding arbitration and the process thereof; the Kyrgyz Government’s departure from previous mine plans, including plans to move toward underground mining methods and to maximize short term profit; and mismanagement of water pumping activities at the Kumtor Mine.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant political, business, technical, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things:
the continued imposition by the Kyrgyz Government of “external management” on KGC or the prolongation of such “external management”; the inability of the “external management” to obtain equipment, spare parts, consumables or other supplies; the Kyrgyz Government taking further steps to nationalize or expropriate the Kumtor Mine, and/or utilizing the purported environmental and tax claims being asserted against KGC to strip KGC of its assets; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices, including unjustified civil or criminal action against the Company, its affiliates or its current or former employees, including the interaction of claims of harm to the environment or human health with the new Kyrgyz Republic law; the uncertainty of potential outcomes in the arbitration process; the inability of the Company and its subsidiaries to collect on or enforce any favorable arbitral and/or court judgement awarded against the Kyrgyz Republic or Kyrgyzaltyn JSC; and the presence of a significant shareholder that is a state-owned company of the Kyrgyz Republic. For additional risk factors, please see section titled “Risks Factors” in the Company’s most recently filed Annual Information Form available on SEDAR at www.sedar.com and EDGAR www.sec.gov/edgar.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Centerra, and prospective investors should not place undue reliance on forward looking information. Forward-looking information is as of September 27, 2021. Centerra assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

For more information:

John W. Pearson
Vice President, Investor Relations
(416) 204-1953
[email protected]

Additional information on Centerra is available on the Company’s web site at www.centerragold.com on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.

A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/a12f6278-d2ab-44c8-bc64-2d86a1765f94

 



BNY Mellon High Yield Strategies Fund Declares Dividend

BNY Mellon High Yield Strategies Fund Declares Dividend

NEW YORK–(BUSINESS WIRE)–
On September 27, 2021, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on October 27, 2021 to shareholders of record at the close of business on October 13, 2021. The ex-dividend date is October 12, 2021. The previous dividend declared in August was $0.0215 per share of beneficial interest.

Important Information

BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management. BNY Mellon Investment Management is one of the world’s largest asset managers, with $2.3 trillion in assets under management as of June 30, 2021. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon. Additional information on BNY Mellon Investment Management is available on www.bnymellonim.com.

BNY Mellon Investment Management is a division of BNY Mellon, which has $45 trillion in assets under custody and/or administration as of June 30, 2021. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund’s investment returns and principal values will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective.

This release is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security.

For Press Inquiries:

BNY Mellon Investment Adviser, Inc.

Courtney Woolston

(212) 635-6027

For Other Inquiries:

BNY Mellon Securities Corporation

The National Marketing Desk

240 Greenwich Street

New York, New York 10286

1-800-334-6899

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Brilliant Earth Announces Closing of Initial Public Offering

SAN FRANCISCO, Sept. 27, 2021 (GLOBE NEWSWIRE) — Brilliant Earth Group, Inc. (“Brilliant Earth”), an innovative, digital-first jewelry company and global leader in ethically sourced fine jewelry, today announced the closing of its previously announced initial public offering of 9,583,332 shares of its Class A common stock, including the full exercise by the underwriters of their option to purchase 1,249,999 shares of Class A common stock at a price to the public of $12.00 per share.  The shares are listed for trading on the Nasdaq Global Market under the ticker symbol “BRLT.” The gross proceeds to Brilliant Earth from the initial public offering were $115.0 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Brilliant Earth.

J.P. Morgan, Credit Suisse, Jefferies and Cowen served as the lead book-running managers and representatives of the underwriters for the proposed offering. KeyBanc Capital Markets, Piper Sandler, William Blair and Telsey Advisory Group served as book-running managers. Cabrera Capital Markets LLC, Loop Capital Markets and Siebert Williams Shank served as co-managers for the offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on September 22, 2021. The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or by emailing at [email protected]; Credit Suisse Securities (USA) LLC, by mail: Attn: Prospectus Department 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, United States, by telephone: 1-800-221-1037 or by e-mail: [email protected]; Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at (877) 821-7388 or by email at [email protected]; or Cowen and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone: +1 (833) 297-2926, or via email: [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Brilliant Earth 
Brilliant Earth is a digitally native, omnichannel fine jewelry company and a global leader in ethically sourced fine jewelry. Led by our co-founders Beth Gerstein and Eric Grossberg, the Company’s mission since its founding in 2005 has been to create a more transparent, sustainable, and compassionate jewelry industry. Headquartered in San Francisco, CA and Denver, CO, Brilliant Earth has served over 370,000 customers in all 50 U.S. states and over 50 countries worldwide. 

Contacts:

Financial Media and Investor Relations:                                   

ICR
[email protected]