Author: Newsdesk

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Early Warning News Release of Co-operators Financial Services Limited

Canada NewsWire

GUELPH, ON, Dec. 1, 2020 /CNW/ – Co-operators Financial Services Limited (“CFSL“) has acquired, ownership of a 10% senior secured convertible debenture in the principal amount of $20,000,000 (the “Debenture“) issued by Smart Employee Benefits Inc. (the “Issuer“). CFSL is a wholly owned subsidiary of The Co-operators Group Ltd.

The Debenture has an interest rate of 10% per annum, paid semi-annually with the first interest payment due on February 28, 2021, and the principal payment due at the maturity date, being 60 months after the closing (the “Maturity Date“). The principal amount of the Debenture is convertible into common shares of the Issuer (“Common Shares“) at a conversion price of $0.25 per Common Share, subject to adjustment (the “Conversion Price“). The Debenture is convertible at the option of CFSL at any time prior to the close of business on the last business day immediately preceding the Maturity Date. If the volume weighted average trading price of the Common Shares on the TSX Venture Exchange is equal to at least 175% of the Conversion Price for a period of 30 consecutive trading days, then the Debenture will be convertible at the option of the Issuer.

CFSL acquired the Debenture on November 30, 2020 on a private placement basis for an aggregate purchase price of $20,000,000. If converted in full (at an assumed conversion price of $0.25 per Common Share), CFSL would receive 80,000,000 Common Shares.

The Debenture was purchased pursuant to a debenture purchase agreement entered into between the Issuer and CFSL dated November 15, 2020. SEB Administrative Services Inc. (“SEB Admin“), a wholly-owned subsidiary of the Issuer, and CFSL also entered into an intellectual property license agreement pursuant to which CFSL has a license to use certain technology and intellectual property of SEB Admin pursuant to a services agreement to be agreed on commercial terms.

Immediately before the transaction, CFSL did not own or control any Common Shares or Debentures. Immediately following the transaction, CFSL owned the Debenture and on an as converted basis (at an assumed conversion price of $0.25) owned 80,000,000 Common Shares representing approximately 33% of the outstanding Common Shares on an as converted basis.

CFSL acquired the Common Shares for investment purposes and CFSL may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over additional securities of the Issuer, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

In connection with the issuance of the Debenture, CFSL entered into an investor rights agreement with the Issuer and SEB Admin providing for, among other things the right for CFSL to appoint up to two nominees to the board of directors of the Issuer, including one member on each of the audit committee and the governance and compensation committee of the Issuer, and the right to nominate a third director upon conversion of the Debenture into equity.

The head office of CFSL is located at 130 Macdonell Street, Guelph Ontario N1H 6P8, The head office of the Issuer is located at 5500 Explorer Drive, 4th Floor, Mississauga, Ontario L4C 5C7.

SOURCE The Co-operators Group Limited

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Blackline Safety Prepares for Accelerated Growth, Appoints Sean Stinson as Chief Revenue Officer

Blackline Safety Prepares for Accelerated Growth, Appoints Sean Stinson as Chief Revenue Officer

Additional appointments include VP Sales for North America, Director of Product Management and Director of Blackline Vision data science

CALGARY, Alberta–(BUSINESS WIRE)–
Blackline Safety Corp. (TSX.V: BLN), a global leader in connected worker technologies and gas detection, announced today that Sean Stinson has moved into role of Chief Revenue Officer (CRO). This new position within Blackline’s executive team is structured to support the adoption of cloud-connected wearables, data science offerings and recurring cloud services.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005491/en/

As Blackline Safety growth accelerates, Sean Stinson moves into Chief Revenue Officer position (Photo: Business Wire)

As Blackline Safety growth accelerates, Sean Stinson moves into Chief Revenue Officer position (Photo: Business Wire)

The CRO role will increase Blackline’s alignment within the Industrial Internet of Things (IIoT) space as businesses around the world increasingly pursue digital transformation programs that leverage data to support decision-making. Mr. Stinson has worked with Blackline for more than seven years, previously serving as VP Sales and Product Management. In his new role, he will lead product management, user experience, sales, business development, client success, customer care and data science.

“Over the last several years, Blackline has entrenched itself as a global leader in IIoT safety wearables and cloud services,” said Sean Stinson, CRO for Blackline Safety. “As we look to the future, Blackline is aggressively investing into wearable technology, high quality user experiences, cloud software and data science solutions that promise to increase enterprise safety, agility, efficiency and quality. Our enhanced structure will help Blackline bring new innovations to market while supporting our clients as they increasingly enter the digital age.”

Today, Blackline promoted Glen Silver to VP Sales, North America from his previous position of Director of Sales, North America. Mr. Silver has more than 20 years of experience in the consumer packaged goods (CPG), safety and energy industries. He is responsible for overseeing Blackline’s network of Business Development Directors, Regional Sales Directors and Regional Sales Managers and will report to the CRO.

As Blackline’s Product Management team has continued to expand, Kirk Johnson will now lead the group as Director of Product Management, previously serving as Global Product Manager. Mr. Johnson has a background in electrical engineering and previously developed personal gas detection technology. He was responsible for the inception and incubation of the Blackline data science team and its offering, which has been exceptionally well received by the industrial safety market. In his new role, Mr. Johnson will lead an expanded team of product managers and product marketing managers responsible for understanding customer needs, directing the product portfolio and working with Blackline’s marketing communications team to best position its offerings in different markets and applications.

Blackline also appointed Lohrasp Seify to the position of Director, Blackline Vision data science. Mr. Seify has been instrumental in the creation and leadership of the Blackline Vision team and suite of data science services. With a background in atomic and molecular physics, Mr. Seify leveraged his expertise in finding signals among large collections of data as part of the team in search of the Higgs Boson, a subatomic particle. He also brings experience from the finance industry as a quantitative trader, developing algorithms used to manage a hedge fund. Mr. Seify will continue to expand his team as businesses continue to transform digitally, leveraging the growing base of data from Blackline’s safety wearables, in addition to integrating data from other services.

For a complete list of Blackline’s Board of Directors, executives and leadership team, visit www.blacklinesafety.com/about/our-team

About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 100 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

INVESTOR/ANALYST

Cody Slater, CEO

[email protected]

Telephone: +1 403 451 0327

MEDIA

Heather Houston

[email protected]

Telephone: +1 904 398 5222

Cell phone: +1 386 216 9472

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Technology Retail Other Technology Fashion

MEDIA:

Photo
Photo
As Blackline Safety growth accelerates, Sean Stinson moves into Chief Revenue Officer position (Photo: Business Wire)
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Tyler Technologies Helps Clermont County, Ohio, Improve Resident Accessibility and Transparency

Tyler Technologies Helps Clermont County, Ohio, Improve Resident Accessibility and Transparency

Tyler’s Socrata solution allows county to better share property assessment data

PLANO, Texas–(BUSINESS WIRE)–Tyler Technologies, Inc. (NYSE: TYL) announced today that Clermont County, Ohio, has successfully launched Citizen Connect, which is powered by Tyler’s Socrata Connected Government Cloud™ (SCGC) platform. The Clermont County Auditor is now able to track key performance indicators and analyze important data to improve both the revaluation process and the accuracy of property assessments, as well as better share this information with residents.

Prior to using SCGC, Clermont County relied on manual, spreadsheet-based processes that required extensive time and resources to complete necessary tasks. SCGC provides robust reporting and analytical capabilities to support the auditor’s office.

“We have always been focused on what we can do to make our processes more efficient, save money, and give more accessibility to our taxpayers. Using Tyler’s solution to better communicate this data to our residents brings another layer of transparency to our community,” said Linda Fraley, Clermont County Auditor.

SCGC helps the county auditor determine, combine, analyze, and act on previously siloed appraisal data. The solution will also help remove some of the past barriers by providing the auditor’s office with organizational access to the data they need, whether it lives in Tyler’s iasWorld® appraisal and tax, Munis® financial, or EnerGov™ civic services solutions.

Since 2009, Tyler’s Socrata solution has enabled government organizations to publish and share data within departments and with the public in open formats with the Socrata Open Data API. Socrata provides easy-to-deploy and FedRAMP-accredited cloud technology to unlock siloed government data and put it at the heart of every government program.

“We’re excited to partner with Clermont County as it takes the next step to make its data accessible and actionable to all of its stakeholders, both internal and external,” said Franklin Williams, president of Tyler’s Data & Insights Division. “By pulling all of the county’s data into the SCGC platform, it will bring increased transparency to empower its residents.”

The county was introduced to Socrata’s capabilities through its work with Tyler’s Munis® solution and, specifically, its open finance module. Clermont County is located in southwestern Ohio near Cincinnati. It has a population of more than 200,000.

About Tyler Technologies, Inc.

Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler’s end-to-end solutions empower local, state, and federal government entities to operate more efficiently and connect more transparently with their constituents and with each other. By connecting data and processes across disparate systems, Tyler’s solutions are transforming how clients gain actionable insights that solve problems in their communities. Tyler has more than 26,000 successful installations across more than 10,000 sites, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler was named to Forbes’ “Best Midsize Employers” list in 2019 and has been recognized three times on Forbes’ “Most Innovative Growth Companies” list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.

Jennifer Kepler

Tyler Technologies

972.713.3770

[email protected]

KEYWORDS: Texas Ohio United States North America

INDUSTRY KEYWORDS: Professional Services Data Management Public Policy/Government State/Local Technology Software Accounting

MEDIA:

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Chicken Soup for the Soul Entertainment Announces New Programming for Crackle for December

Mix of Hollywood Blockbusters, Award-Winning Indies, Classic TV and Hand-Picked Exclusive and Original Content

COS COB, Conn., Dec. 01, 2020 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced the upcoming content releases for Crackle for December.

Crackle linear and VOD networks are available in the U.S. and can be accessed on up to 29 devices and services including Amazon FireTV, RokuTV, Apple TV, Smart TVs (Samsung, LG, Vizio), gaming consoles (PS4 and XBoxOne), Plex, on iOS and Android mobile devices and on desktops at Crackle.com. Crackle is also available in approximately 500,000 hotel rooms in the Marriott Bonvoy chain.


New Crackle


Exclusive Features


Elliot


:


T


he Littlest Reindeer

(
December 1

st

), Elliot, a small but determined horse, travels to the North Pole to compete for a spot alongside the famous reindeer that pull Santa’s sleigh.


A Reindeer’s Journey

(
December 1

st

)
, Ailo, a newborn reindeer, embarks on an incredible odyssey with the help of his mother. Narrated by Donald Sutherland and set against the frozen majesty of northern Finland, their journey is an uplifting story for the whole family.


New Crackle Channels


for


December

A Very Crackle Christmas
Channel
(
December
1

st

), look under the tree and find the brightly packaged Crackle exclusive animated feature Elliot: the Littlest Reindeer, the heartfelt Crackle exclusive A Reindeer’s Journey, laugh along with A Baby for Christmas, and take a deep dive Inside Lego at Christmas.

Unlikely Heroes
Channel
(
December
1

st

), enjoy the savage hilarity of Teenage Mutant Ninja Turtles, the superhero silliness of The Tick, top-shelf adventure with Turbo Kid, and two-fisted action with The Phantom.

Stream Me Up, Scotty
Channel
(
December
1

st

), buckle up as you rocket off to save the world in Ender’s Game and destroy alien invaders with Star Trek IV: The Voyage Home, Star Trek: Generations, Star Trek: First Contact, and Star Trek: Nemesis.

Ringmasters Channel
(
December
1

st

), let the battles begin with Crackle original series Heroes of Lucha Libre, Nacho Libre, the Crackle original documentary Lennox-Lewis: The Untold Story, and explosive boxing documentary Team Khan.

History Lovers
Channel
(
December
1

st

), feel the cut of the Crackle exclusive Robert the Bruce, the burning intrigue of Pompeii, follow the siren song of the Miles Davis biopic Miles Ahead, and fight the forces of evil with Beyond Valkyrie: Dawn of the Fourth Reich.


New Crackle Spotlight Titles in


December


Ender’s Game

(
December 1

st

), young Ender Wiggin is recruited by the International Military to lead the fight against the Formics, an insectoid alien race who had previously tried to invade Earth and had inflicted heavy losses on humankind. Starring Harrison Ford, Ben Kingsley, Asa Butterfield, and Hailee Steinfeld.


The Bank Job

(
Decembe
r
1

st

)
, Martine offers Terry (Jason Statham) a lead on a foolproof bank hit on London’s Baker Street. She targets a roomful of safe deposit boxes worth millions in cash and jewelry along with a treasure trove of dirty secrets.


Arrival

(
December
1

st

), a linguist (Amy Adams) works with the military to communicate with alien lifeforms after twelve mysterious space crafts appear around the world. The film also stars Jeremy Renner and Forest Whitaker.


Zodiac

(
December
1

st

), in the late 1960s/early 1970s, a San Francisco cartoonist (Jake Gyllenhaal) becomes an amateur detective obsessed with tracking down the Zodiac Killer, an unidentified individual who terrorizes Northern California with a killing spree. The film also stars Mark Ruffalo and Anthony Edwards.


Babel

(
December
1

st

), in Babel, a tragic incident involving an American couple in Morocco sparks a chain of events for four families in different countries throughout the world. In the struggle to overcome isolation, fear, and displacement, each character discovers that it is family that ultimately provides solace.


Bewitched

(
December
1

st

), after a hard day in advertising, Darrin only wants to come home to a normal life. But his wife’s a witch and his mother in law’s a witch who doesn’t approve of his marriage.


Spanglish

(
Dec
e
mber
1

st

), John Clasky (Adam Sandler) is a devoted dad whose skills as a chef have afforded his family (Téa Leoni, Cloris Leachman) a very upscale life, including a summer home in Malibu and a breathtaking new housekeeper, Flor (Paz Vega), who has recently immigrated to L.A. from Mexico. She is trying to find a better life for her remarkable daughter, Cristina (Shelbie Bruce), who is rapidly embracing the American way of life.


Desperado

(
December
1

st
), Antonio Banderas, Joaquim De Almeida, Salma Hayek, Cheech Marin, Steve Buscemi and Quentin Tarantino star in this stylish shoot-’em-up described as a south-of-the-border Pulp Fiction. Director Robert Rodriguez follows up his legendary debut film, El Mariachi, with this sexy sequel about a mysterious guitar player (Banderas) searching for vengeance against the men who murdered his girlfriend.


Attack the Block

(
December
1

st
), from the producers of Shaun of the Dead, Attack the Block is a fast, funny, frightening action adventure movie that pits a teen street gang against an invasion of savage alien monsters. It turns a London housing project into a sci-fi battleground, the low-income apartment complex into a fortress under siege. And it turns a crazy mix of tough street kids into a team of heroes. It’s inner city versus outer space and it’s going to explode.


Wind Chill

(
December
1

st
), two college students (Emily Blunt and Ashton Holmes) share a ride home for the holidays. When they break down on a deserted stretch of road they’re preyed upon by the ghosts of people who have died there.

ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENT
Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand networks (VOD). The company owns a majority stake in Crackle Plus, a company formed with Sony Pictures Television, which owns and operates a variety of ad-supported and subscription-based VOD networks including Crackle, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix and FrightPix. The company also acquires and distributes video content through its Screen Media subsidiary and produces original long and short-form content through Landmark Studio Group, its Chicken Soup for the Soul Originals division and APlus.com. Chicken Soup for the Soul Entertainment is a subsidiary of Chicken Soup for the Soul, LLC, which publishes the famous book series and produces super-premium pet food under the Chicken Soup for the Soul brand name.     

ABOUT CRACKLE
PLUS

Crackle Plus is a video-on-demand (VOD) joint venture formed by Sony Pictures Television and Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE). The company’s consumer facing ad-supported VOD (AVOD) channels include Crackle (U.S. and Canada), Popcornflix, Popcornflix Kids, Truli, Popcornflix Comedy, Frightpix, and Espanolflix. It also owns subscription video-on-demand (SVOD) platform Pivotshare. Crackle Plus reaches over 30 million monthly visitors making it one of the largest AVOD streaming platforms in the U.S. Its content library includes over 80,000 hours of programming.

FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks (including those set forth in the Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 30, 2020) and uncertainties which could cause actual results to differ from the forward-looking statements. The company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Investors should realize that if our underlying assumptions for the projections contained herein prove inaccurate or that known or unknown risks or uncertainties materialize, actual results could vary materially from our expectations and projections.

INVESTOR RELATIONS
Taylor Krafchik
Ellipsis
[email protected]
(646) 776-0886

MEDIA CONTACT
Kate Barrette
RooneyPartners LLC
[email protected]
(212) 223-0561



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SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Collectors Universe, Inc. Buyout

WILMINGTON, Del., Dec. 01, 2020 (GLOBE NEWSWIRE) — Rigrodsky & Long, P.A. announces that it is investigating Collectors Universe, Inc. (“Collectors”) (NASDAQ GS: CLCT) regarding possible breaches of fiduciary duties and other violations of law related to Collectors’ agreement to be acquired by an investor group led by Nat Turner, D1 Capital Partners L.P., and Cohen Private Ventures, LLC.   Under the terms of the agreement, Collectors’ shareholders will receive $75.25 in cash per share.

To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-collectors-universe-inc.

You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or [email protected].

Rigrodsky & Long, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:         

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
[email protected]
https://rl-legal.com



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Scorpio Bulkers Inc. Announces the Sale of Ultramax Vessels

MONACO, Dec. 01, 2020 (GLOBE NEWSWIRE) — Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Poseidon and SBI Apollo, both Ultramax bulk carriers built in 2016, for approximately $38.4 million in aggregate.  Delivery of the vessels is expected to take place in the first quarter of 2021.

About Scorpio Bulkers Inc.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities, and is investing in the next generation of wind turbine installation vessels. The Company has recently sold seven vessels and has contracted to sell thirteen additional vessels, one of which is expected to close in the fourth quarter of 2020 and twelve of which are expected to close in the first half of 2021. Upon the completion of the announced vessel sales, Scorpio Bulkers Inc. will have an operating fleet of 34 vessels consisting of 29 wholly-owned or finance leased drybulk vessels (including 8 Kamsarmax vessels and 21 Ultramax vessels), and five time chartered-in Kamsarmax vessels. In addition to its dry bulk fleet, the Company has signed a letter of intent to enter into a shipbuilding contract with Daewoo Shipbuilding and Marine Engineering Inc. to build a wind turbine installation vessel to be delivered in 2023, with options to build three further similar vessels. The Company’s owned and finance leased fleet will have a total carrying capacity of approximately 1.9 million dwt and all of the Company’s owned and finance leased vessels will have carrying capacities of greater than 60,000 dwt. Additional information about the Company is available on the Company’s website www.scorpiobulkers.com, which is not a part of this press release.

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. We undertake no obligation, and specifically decline any obligation, except as required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk vessel capacity, the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effects on demand for dry bulk products and the transportation thereof, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, counterparty performance, ability to obtain financing and the availability of capital resources (including for capital expenditures) and comply with covenants in such financing arrangements, planned capital expenditures, our ability to successfully identify, consummate, integrate and realize the expected benefits from acquisitions and changes to our business strategy, fluctuations in the value of our investments, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

 



Contact:

Scorpio Bulkers Inc.
+377-9798-5715 (Monaco)
+1-646-432-1675 (New York)

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DoubleLine Yield Opportunities Fund Declares December 2020 Distribution

PR Newswire

LOS ANGELES, Dec. 1, 2020 /PRNewswire/ — The DoubleLine Yield Opportunities Fund (the “Fund”), which is traded on the New York Stock Exchange under the symbol DLY, has declared a distribution of $0.1167 per share for the month of December 2020. The Fund is a newly organized, non-diversified, limited-term closed-end management investment company.

The distribution is subject to the following ex-dividend, record and payment dates set by the Fund’s Board of Trustees.


December 2020


Declaration

Monday, Dec. 1, 2020


Ex-Dividend

Wednesday, Dec. 16, 2020


Record

Thursday, Dec. 17, 2020


Payment

Thursday, Dec. 31, 2020

This news release is not for tax reporting purposes. The news release has been issued to announce the amount and timing of the distribution declared by the Board of Trustees. Distributions may include ordinary income, capital gains or return of capital. The amount of distributable income and the tax characteristics of the Fund’s distributions are determined at the end of the taxable year. In early 2021, the Fund will send shareholders a Form 1099-DIV specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder’s tax return.

About DoubleLine
Yield Opportunities Fund

The Fund’s investment objective is to seek a high level of total return, with an emphasis on current income. DoubleLine believes active asset allocation across a broad range of fixed income sectors with a disciplined approach to risk management offers value-added opportunities for both income and capital growth. The Fund cannot ensure that it will achieve its investment objective, and investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment.

About DoubleLine Capital LP

DoubleLine Capital is an investment adviser registered under the Investment Advisers Act of 1940. DoubleLine’s offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. Media can reach DoubleLine by e-mail at [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP.

To read about the DoubleLine Yield Opportunities Fund, please access the Semiannual and Annual Reports, when available, at www.doublelinefunds.com or call 877-DLINE11 (877-354-6311) to receive a copy. Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. An investment in the Fund should not constitute a complete investment program.

This document is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale or offer of these securities, in any jurisdiction where such sale or offer is not permitted.

Fund investing involves risk. Principal loss is possible.

Shares of closed-end investment companies frequently trade at a discount to their net asset value, which may increase investors’ risk of loss. This risk may be greater for investors expecting to sell their shares in a relatively short period after the completion of the public offering. There are risks associated with investment in the fund.

An investment in the Fund involves certain risks arising from, among other things, the Fund’s ability to invest without limit in debt securities that are at the time of investment rated below investment grade or unrated securities judged by DoubleLine to be of comparable quality (a category of investment that includes securities commonly referred to as “high yield” securities or “junk bonds”). Securities of below investment grade quality are regarded as having predominantly speculative characteristics with respect to the issuer’s capacity to pay interest and to repay principal when due. An investment in the Fund is also subject to the risk of the use of leverage. Investments in debt securities typically decline in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of including credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.

Past performance is no guarantee of future results. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets. Investments in lower rated and non-rated securities present a greater risk of loss to principal and interest than higher rated securities. Investment strategies may not achieve the desired results due to implementation lag, other timing factors, portfolio management decisions-making, economic or market conditions or other unanticipated factors. In addition, the Fund may invest in other asset classes and investments such as, among others, REITs, credit default swaps, short sales, derivatives and smaller companies which include additional risks.
The Fund is a non-diversified, limited term, closed-end management investment company.

This material may include statements that constitute “forward-looking statements” under the U.S. securities laws. Forward-looking statements include, among other things, projections, estimates, and information about possible or future results related to the Fund, market or regulatory developments. The views expressed herein are not guarantees of future performance or economic results and involve certain risks, uncertainties and assumptions that could cause actual outcomes and results to differ materially from the views expressed herein. The views expressed herein are subject to change at any time based upon economic, market, or other conditions and DoubleLine undertakes no obligation to update the views expressed herein. While we have gathered this information from sources believed to be reliable, DoubleLine cannot guarantee the accuracy of the information provided. Any discussions of specific securities should not be considered a recommendation to buy or sell those securities. The views expressed herein (including any forward-looking statements) may not be relied upon as investment advice or as an indication of the Fund’s trading intent. Information included herein is not an indication of the Fund’s future portfolio composition.

Distributions include all distribution payments regardless of source and may include net income, capital gains, and/or return of capital (ROC). ROC should not be confused with yield or income. The Fund’s Section 19a-1 Notice, if applicable, contains additional distribution composition information and may be obtained by visiting www.doublelinefunds.com. Final determination of a distribution’s tax character will be reported on Form 1099 DIV and sent to shareholders. On a tax basis, as of Nov. 30, 2020, the most recent available figure, the estimated component of the cumulative distribution for the fiscal year to date would include an estimated return of capital of $0.0013 (1%) per share. This amount is an estimate and the actual amounts and sources for tax reporting purposes may change upon final determination of tax characteristics and may be subject to changes based on tax regulations.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.

Quasar Distributors, LLC provides filing administration for DoubleLine Capital LP.

©2020 DoubleLine Capital LP.

 

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Cemtrex Makes Strategic Investment into MasterpieceVR

Partnership With Leading 3D Content Development Platform for Virtual Reality to Expand Cemtrex’s VR Portfolio

Brooklyn, NY, Dec. 01, 2020 (GLOBE NEWSWIRE) —  — Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today announced a strategic investment into MasterpieceVR, the developer of a professional desktop and VR application suite that offers  3D content creation tools, primarily for virtual reality. Due to the competitive nature of the transaction, financial terms were not disclosed by both parties.  

MasterpieceVR, based in Ottawa, Canada, is a technology company that is developing the most intuitive and powerful software for content creation using virtual reality. Currently, creative professionals worldwide are challenged in creating even basic 3D visual content because existing software is too complex and slow to use, creating a significant unmet market. Thanks to advances in machine learning and virtual reality, MasterpieceVR’s software platform is the first end to end solution to enable any creative professional to make 3D content fast and easy. Masterpiece Studio has partnered with leading technology companies and its software is used by a host of the world’s major studios.

“Tools to create production level 3D assets are essential for companies like Cemtrex creating apps, games, VR workplace training and content experiences in virtual reality,” said Saagar Govil, Chairman and CEO of Cemtrex. “MasterpieceVR is a leader in the space with a best in class team, and a truly revolutionary product that will become the most essential tool for all VR Developers over the next couple years. Their software is an important tool for Cemtrex’s Augmented & Virtual Reality growth segment and VR Gaming and Training product lines, allowing us to create content end-to-end 10 times faster and 100 times easier than with current tools. The software integrates seamlessly into existing professional pipelines and is the only 3D modeling tool using VR that can complete the entire production pipeline.”

“We believe this important investment will help support our efforts as a leading player in AR/VR and further develop our portion of the $22 billion AR/VR market. The ability to create 3D content quickly and more efficiently will be the name of the game as more companies enter the market and need to create 3D content for VR consumption. We will continue to pursue strategic investments and partnerships that align with our core growth objectives, support shareholder value and drive long-term success,” concluded Govil.

Cemtrex completed the minority equity investment in Masterpiece Studio in November using existing cash on hand. MasterpieceVR will be launching a major update to their software suite in early 2021 and more information can be found at www.masterpiecevr.com.

About MasterpieceVR

Masterpiece Studio is our professional desktop application that offers a suite of 3D content creation products for virtual reality. Access tools that allow for rapid ideation, file sharing, real-time collaboration, and more. MasterpieceVR is a technology company that is developing the most intuitive and powerful software for content creation using virtual reality. MasterpieceVR’s software extends current professional workflows and opens up new ways for rapid ideation, creation, and collaboration in virtual space. For more information please visit www.masterpiecevr.com.

About
Cemtrex

Cemtrex, Inc. (CETX) is a leading multi-industry technology company that is driving innovation in markets such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV) in a wide range of sectors, including consumer products, industrial manufacturing, digital applications, and intelligent security & surveillance systems.
www.cemtrex.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities.  These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements.  Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission.  All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.



Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235
[email protected]
www.mzgroup.us

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Apple Rush Company seeing continued success with Element C through its distributor Botanaway, Inc. in Virginia

TITUSVILLE, Fla., Dec. 01, 2020 (GLOBE NEWSWIRE) — The Apple Rush Company, Inc. (US OTC PINK: APRU), announces that it has shipped additional pallets of Element C to Botanaway, Inc. in Virginia.

Element C continues to prove itself in the territories it is represented in. Sales have been solid and we believe it is the best in class of CBD beverages. It is one of a kind in taste, efficacy, and value. Depending on the market, pricing at retail is falling between $5.99 and $7.99 per can with 25mg of CBD. We have a new production run scheduled for next week and are excited about the reorder rate from retailers in the Midwest as well. Tony Torgerud, CEO of Apple Rush, said, “each of our distributors is proving that Element C is a top notch product that consumers love. We are receiving testimonials from consumers that can’t believe the difference Element C has made in their lives and expect that will continue as we expand to additional territories.”

David Reynolds Derian, CEO of Botanaway, Inc., commented, “Element C is an amazing CBD beverage. We are seeing success with it throughout our thousands of retail stores and have our sights on several other functional beverages in the near future. The technology in formulation that APRU utilizes has proven to be a great differentiator from the other CBD infused beverages on the market.”

Tony Continued, “we are excited to have David and his team on board for Element C. His support has been invaluable in what we do in research and development for new products. Our production runs will continue to increase in size as we expand across the country. I would expect to be making some announcements in the near future on new product development expanding the Element Brands line. We have been receiving calls from other parts of the country for distribution and will be adding those as production increases.”   

About The Apple Rush Company, Inc.

The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the trademarked Apple Rush brand, Element brand and other labels. The Apple Rush brand has more than 47 years of existence in the natural beverage industry. As a historical leader in the organic and natural beverage sector our goal is to now become a leader in the distribution of anhydrous hemp oil products nationwide. For more information, please go to www.applerush.com, www.aprubrands.com, and www.mistyk.com with our expanded product portfolio.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise. 

Investor Relations Contact: 

Tony Torgerud 
888-741-3777 x 2



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Cadence Bank Enhances its Online and Mobile Banking Experience by Offering Zelle®

Cadence Bank Enhances its Online and Mobile Banking Experience by Offering Zelle®

Zelle® Makes it Fast, Safe and Easy to Send Money Digitally to Those you Know and Trust with a Bank Account in the U.S.

ATLANTA–(BUSINESS WIRE)–
Cadence Bank, a subsidiary of Cadence Bancorporation (NYSE: CADE), is excited to announce that Zelle is now available through the Cadence Bank mobile banking app and online banking, enabling convenient digital payments for customers across the bank’s footprint.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005246/en/

Zelle provides a person-to-person (P2P) payments solution that benefits customers in many ways including:

  • The Zelle Network® includes financial institutions of all sizes. For more than 140 million consumers, Zelle is already available either from the convenience of their mobile banking app or the Zelle app, making digital payments a fast, safe and easy alternative to cash and checks.
  • No need to download another app! Customers can use Zelle to send money within Cadence Bank’s mobile banking app or online banking.
  • Money sent with Zelle goes directly from one bank account in the U.S. to another, using only a recipient’s email address or U.S. mobile number.
  • Funds are typically available within minutes when both parties are already enrolled with Zelle.
  • Consumers can request money from other individuals, making it easy to collect money for things like group gifts or shared meals.
  • Consumers who are not enrolled and receive a payment notification or a request for payment can enroll through their financial institution or by downloading the Zelle app if their financial institution does not participate.

“Consumers are increasingly looking for cashless solutions, and financial institutions are accommodating those needs, especially in light of the current environment. Introducing Zelle to our customers will support our focus in providing them with a convenient method of sending and receiving money through our existing online and mobile applications,” said Steve Welling, executive vice president of Retail Banking at Cadence Bank. “We are thrilled to join together with Zelle to provide a better online and mobile banking experience for our customers.”

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit http://www.zellepay.com.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

About Cadence Bank

Cadence Bank is a leading regional banking franchise with $18.4 billion in assets as of September 30, 2020, and 99 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Backed by 133 years of financial expertise, Cadence provides corporations, middle-market companies, small businessesand consumers with a full range of innovative banking and financial solutions. Services and products include commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, personal and business insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to leading-edge online and mobile solutions, interactive teller machines, and more than 55,000 ATMs. The Cadence team of 1,800 associates is committed to exceeding customer expectations and helping their clients succeed financially. Cadence Bank, N.A. is a subsidiary of Cadence Bancorporation (NYSE: CADE). For additional information, visit cadencebank.com. Cadence Bank, N.A. Member FDIC. Equal Housing Lender. NMLS#525022.

Danielle Kernell

Cadence Bank

713-871-4051 direct | 713-392-7709 mobile

[email protected]

Sheena Cochran

Cadence Bank

713-871-4072 direct | 281-740-4366 mobile

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Professional Services Technology Mobile/Wireless Software Finance Internet Banking

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