AGENCIA COMERCIAL SPIRITS LTD ISSUES LETTERS OF AWARD FOR MEP EQUIPMENT SUPPLY AND INSTALLATION FOR PHASE 1A OF INDONESIA DATA CENTER

TAICHUNG CITY, Taiwan, Sept. 01, 2026 (GLOBE NEWSWIRE) — Agencia Comercial Spirits Ltd (NASDAQ: AGCC) (“Agencia” or the “Company”), a company whose principal business operations comprise both its established premium whisky business and the development of AI computing infrastructure and cloud-based computing services, today announced that its Indonesian operating subsidiary, PT. AGCC AITECH INDONESIA, has issued two Letters of Award, each dated August 28, 2026, to separate contractors for the supply of mechanical, electrical and plumbing (“MEP”) equipment and related installation works for Phase 1A of the Company’s planned AGCC-JKT01 data center in West Java, Indonesia.

AI Computing Business Development

Since launching its AI Computing Infrastructure Initiative in February 2026, a strategic undertaking now recognized as a co-primary business line, the Company has entered into a series of commercial and infrastructure arrangements supporting this principal business line, including a five-year computing technology services agreement with a customer in the digital financial services sector, power supply and data center land arrangements, and agreements relating to data center construction, network infrastructure procurement and technical support in Indonesia. The two Letters of Award announced today form part of the continuing build-out of this infrastructure. The Company continues to operate its established whisky business as an equally principal, complementary line of business.

The two Letters of Award cover the supply of MEP equipment and the related installation works and have an aggregate reference amount in a range between US$65 million and US$75 million, exclusive of Indonesian value-added tax. Under their terms, each Letter of Award becomes binding upon PT. AGCC AITECH INDONESIA’s receipt of a duly countersigned copy and operates pending execution of the applicable formal contract.

The Letters of Award form part of the Company’s continuing development of its planned AI computing infrastructure and cloud-based computing services in Indonesia. Together with previously announced arrangements relating to data center construction, land, power supply, network infrastructure and technical support, they are intended to support the infrastructure required for the Company’s planned computing deployment.

The Letters of Award are infrastructure procurement and installation arrangements and are not customer revenue contracts. They do not, by themselves, guarantee that the relevant computing infrastructure will be successfully completed or deployed, that contemplated computing capacity will become operational or be fully utilized, that customers will use the Company’s planned AI computing services, or that the Company will generate revenue, profitability or positive cash flow from the project. The Company’s AI computing infrastructure business is a principal business operation that the Company is actively scaling through dedicated capital expenditures, subsidiary structuring and long-term infrastructure contracting.

Management Commentary

“These Letters of Award represent another important step in the continuing build-out of our AI computing infrastructure business, which we are developing alongside our established whisky operations,” said Mr. TSAI Yi-Yang, CEO of Agencia. “Since launching the initiative earlier this year, we have been putting in place the customer, power, construction, network and technical-service arrangements required to support deployment. Our focus remains on disciplined execution and on building the infrastructure and operational capabilities needed to develop AI computing and cloud-based services as a significant part of Agencia’s future business.”

Management believes that the Company’s planned infrastructure deployment, if successfully implemented, may provide an opportunity to participate in demand for AI computing capacity and related services in Southeast Asia. However, the Company’s AI computing infrastructure strategy remains subject to significant business, operational, financing, construction, supply chain, technology, regulatory, customer demand and execution risks.

About Agencia Comercial Spirits Ltd

Agencia Comercial Spirits Ltd is a Nasdaq-listed company with two principal business focuses: (i) its established premium whisky operations; and (ii) the development of AI computing infrastructure and cloud-based computing services. These two lines of business represent the Company’s primary operational pillars, with the Company dedicating substantial resources to the development and scaling of its AI computing infrastructure business. The Company’s whisky operations include procurement and distribution of bottled whisky, procurement and distribution of raw cask whisky, and cask-to-bottle and distribution services, including brand-authorized bottling, packaging and sales, in Taiwan and select international markets.

Since early 2026, the Company has launched and been developing its AI Computing Infrastructure Initiative through subsidiaries in Singapore, Indonesia and other jurisdictions. This initiative represents a principal business focus, backed by substantive contractual arrangements for commercial AI computing cloud services and the development of supporting data center, power, network and technical infrastructure. The Company’s historical operating revenue has been derived from its whisky operations, and the AI computing business remains in development and deployment and is subject to significant business, financing, construction, technology, regulatory, customer demand and execution risks.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements regarding the Company’s strategy of developing AI computing infrastructure and cloud-based computing services as a principal business alongside its existing whisky business; the countersignature, implementation and performance of the Letters of Award; the negotiation and execution of the formal equipment supply and installation contracts; the development, construction, completion, commissioning and operation of the AGCC-JKT01 data center; the expected scope, cost, schedule and phasing of the MEP Phase 1A works; the procurement, delivery, inspection, installation, integration, testing and performance of MEP equipment; the Company’s ability to obtain financing and other required resources; the availability of power supply, data center capacity, network connectivity, equipment, contractors and technical personnel; expected customer demand and utilization; and the potential contribution of the Company’s AI computing initiatives to its future business and financial profile.

Forward-looking statements are generally identified by words such as “may,” “will,” “expect,” “intend,” “plan,” “believe,” “anticipate,” “estimate,” “potential,” “target,” “seek,” “could,” “should,” “continue” and similar expressions, although not all forward-looking statements contain these identifying words. These statements are based on the Company’s current expectations and assumptions and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such statements.

These risks and uncertainties include, but are not limited to, risks that the Letters of Award may not be countersigned, implemented or performed as currently contemplated; the formal contracts may not be finalized or executed on anticipated terms or at all; notices to proceed, equipment procurement, delivery, installation, testing, commissioning or operational deployment may be delayed, suspended or cancelled; project costs, taxes, duties, logistics expenses, financing costs or other expenditures may exceed current estimates; foreign exchange movements may increase project costs; the Company may encounter design changes, site conditions, supply chain disruption, equipment shortages, incompatibility, performance issues or technological obsolescence; contractors, suppliers, service providers, utility providers or other counterparties may fail to perform their obligations; required guarantees, permits, approvals, licenses, certifications, customs clearances or operational readiness confirmations may not be obtained or maintained; the Company may not obtain sufficient financing or may experience liquidity constraints; power supply, data center capacity, network connectivity or other infrastructure may not become available on the expected schedule or at all; cybersecurity incidents, data protection requirements or other operational risks may adversely affect the project; and regulatory, export control, sanctions, licensing, tax, geopolitical, competitive or market conditions may adversely affect implementation or operation.

The Company may incur significant capital expenditures, operating expenses and other costs before generating corresponding customer revenue. The Letters of Award described in this press release are not customer revenue contracts and do not constitute a guarantee of project completion, deployed computing capacity, customer usage, revenue, revenue guidance, operating income, net income, cash flow, profitability, margin or investment return. Any revenue recognition from the Company’s planned AI computing services will depend on actual service deployment and delivery, executed customer arrangements, customer acceptance and usage, payment performance and the Company’s applicable accounting policies.

Additional risks and uncertainties are described in the Company’s filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor and Media Contact

Agencia Comercial Spirits Ltd
No. 23-1, Shenzun Rd., Shengang Dist.
Taichung City 429014, Taiwan (R.O.C.)
Phone: +886-4-2254-0373
Email: [email protected]



Boxlight Launches Clevertouch Focus: A Better Experience for Teachers. A Safer Campus for All.

Boxlight Launches Clevertouch Focus: A Better Experience for Teachers. A Safer Campus for All.

New interactive display puts the teacher experience at the center while connecting classrooms to campus-wide communication and safety; launching exclusively across the Americas

DULUTH, Ga.–(BUSINESS WIRE)–Boxlight Corporation (Nasdaq: BOXL), a leading provider of educational technology, campus communication, and school safety solutions, today announced the launch of Clevertouch Focus, an EDLA-certified interactive display that connects teaching, communication, and safety. Available exclusively in the Americas, including the U.S., Canada, and Latin America, Focus delivers a simpler, more intuitive experience for educators while extending classroom communication campus wide.

More than an interactive display, Clevertouch Focus brings together Harmony, Boxlight’s next-generation educational experience, AI-powered instructional software, real-time captioning and translation, STEM curriculum, campus communication, and emergency notification capabilities in one affordable solution. The result is greater value for schools looking to improve learning outcomes while strengthening campus safety.

Built for Teaching

Clevertouch Focus is designed to help educators spend less time managing technology and more time engaging students.

At the center of the experience is Harmony, Boxlight’s next-generation educational interface that brings lessons, instructional tools, applications, and classroom resources together in a simple, intuitive environment. Harmony creates a consistent user experience that allows educators to move seamlessly between teaching tools, helping maximize instructional time and classroom engagement.

The display also delivers the authentic, EDLA-certified Google experience educators expect, providing seamless access to Google Workspace for Education and familiar classroom applications. Through the partnership between Boxlight and Google, Focus extends beyond device access by providing a pathway to Google Educator Certification. Every Clevertouch Focus display includes a Boxlight-provided Google certification exam as well as Boxlight’s online pre-exam training, helping districts support professional development and empowering teachers to maximize the value of their classroom technology investment.

Focus also includes Boxlight’s growing ecosystem of proprietary instructional and communication technologies. Lynx Whiteboard uses AI-powered lesson and activity generation to help teachers create engaging, interactive learning experiences in minutes. CleverLive, Boxlight’s cloud-based digital signage platform, enables schools to create, manage, and distribute dynamic content across displays throughout the campus. Through MyStemKits.com, educators gain access to standards-aligned STEM lessons and activities that promote hands-on learning and student engagement. Together, these solutions extend Clevertouch Focus beyond a classroom display into a connected teaching, learning, and communication platform.

School districts should not have to choose between affordability, instructional effectiveness, teacher development, and student safety,” said Jeremy Peterson, VP US Operations Boxlight Corporation. “Clevertouch Focus combines Harmony, Google certification opportunities, AI-powered teaching tools, accessibility solutions, campus communications, and school-safety integrations into one affordable platform, creating a connected classroom experience unlike anything else on the market.”

A Classroom Display That Enhances School Safety

Through integration with Symphony Cloud& Campus, Boxlight’s unified communication platform, Clevertouch Focus becomes a visual communication endpoint capable of delivering emergency alerts, lockdown notifications, safety instructions, campus announcements, paging communications, and visual emergency messaging directly into the classroom.

Unlike standalone classroom displays, Focus extends campus communication and safety infrastructure directly into learning spaces.

When connected to Symphony, Focus also benefits from LAN-based emergency alerting and messaging, allowing schools to continue delivering critical communications even during internet outages. This provides districts with a resilient communication solution when reliability matters most.

One Ecosystem. One Partner.

While many display manufacturers focus solely on classroom hardware, Boxlight uniquely combines interactive displays, instructional software, accessibility tools, curriculum resources, campus communication systems, and school-safety technologies within a single connected ecosystem.

Through Harmony, Lynx Whiteboard, MyStemKits.com, CleverLive Digital Signage, Symphony Cloud & Campus, and Boxlight’s safety integrations, districts gain a unified platform designed to support teaching, learning, communication, and safety through one trusted partner.

This approach helps simplify procurement, reduce integration challenges, improve technology adoption, and maximize return on technology investments.

Clevertouch Focus isn’t simply another interactive display. It’s a connected platform that helps schools improve learning, support teacher growth, increase accessibility, strengthen campus safety, and deliver greater value from every classroom technology investment.

Learn more about Clevertouch Focus at boxlight.com

About Boxlight Corporation

Boxlight Corporation (Nasdaq: BOXL) delivers integrated technology solutions that connect instruction, communication, and safety across education and professional settings. Its portfolio includes interactive displays, instructional software, classroom audio, curriculum solutions, campus communication, digital signage, STEM, and safety technologies that help organizations create more connected, effective, and secure spaces.

Serving customers in more than 100 countries, Boxlight delivers its solutions through brands including Clevertouch, FrontRow, and Mimio, supported by a global network of certified reseller and integrator partners. Founded in 1985 and headquartered in Duluth, Georgia, Boxlight is publicly traded on Nasdaq.

For more information, visit www.boxlight.com

Investor & Media Relations

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Software Professional Services Data Management Technology Other Education Artificial Intelligence Primary/Secondary Security Other Communications Education Communications Consulting

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Xfinity and Comcast Business High-Speed Internet Now Available in Bloomsbury, New Jersey

Xfinity and Comcast Business High-Speed Internet Now Available in Bloomsbury, New Jersey

Network Expansion Brings Xfinity and Comcast Business Services to Nearly 400 More Residents and Businesses

TREVOSE, Pa.–(BUSINESS WIRE)–
Comcast’s Xfinity today announced it has completed its network expansion in Bloomsbury, connecting nearly 400 homes and businesses to its reliable, fiber-powered network for the first time. The expansion will support a more dependable everyday Internet experience for residents who rely on their connection for work, school, streaming and staying connected.

Bloomsbury residents can now access Xfinity Internet, mobile, entertainment and smart home services – as well as Comcast Business solutions – giving customers more speed, savings, and control over their connected lives.

Residents can visit Xfinity.com to sign up for services or stop by the Xfinity Store in Port Murray, located at 155 Port Murray Road, to meet with our team of experts. Businesses can visit ComcastBusiness.com to see if their address is eligible for service.

This network expansion is part of Comcast’s latest investment in New Jersey. In the last year alone, Comcast has connected an additional 43,000 homes and businesses in the Garden State to Xfinity and Comcast Business services.

“Every expansion of our Xfinity network represents an investment in a community,” said Dan Bonelli, Regional Senior Vice President, Comcast. “By bringing Xfinity and Comcast Business services to more homes and businesses in Bloomsbury, we’re expanding choice, supporting local growth and helping residents, entrepreneurs and organizations connect to the tools they need to thrive.”

Xfinity Brings Full Suite of Residential Services to Bloomsbury

Comcast is bringing its full suite of residential Xfinity services to Bloomsbury, including high-speed Internet, streaming, mobile, voice, and home security – delivering reliable, connected experiences for today’s consumers at home or on the go.

  • Xfinity Internet: Speed, Reliability, and Coverage. With multi-gig speeds, 99.9% reliability, and powerful WiFi that reaches every corner of the home, Xfinity powers streaming, gaming, and video calls – simply and seamlessly.
  • Xfinity Home Solutions: Protection Beyond Connectivity. Powered by Comcast’s advanced network and Xfinity Gateway technology, WiFi Shield is built into our connectivity experience and leverages AI capabilities to transform WiFi into a protection platform for the home. Shield Select offers additional self-monitored security features, while Xfinity Home Security provides the ultimate peace of mind with professionally monitored protection.
  • Xfinity Mobile: Most Reliable Network. Fraction of the Cost. Xfinity Mobile delivers reliable, lightning‑fast speeds – up to 1 Gig – at home and on the go. And now, new customers can get one line free for a full year when they sign up for a qualifying Xfinity Internet plan.
  • Xfinity TV: All Entertainment. One Powerful Platform. Xfinity brings together live TV, streaming, sports, and on-demand content in one easy-to-use experience. With the award-winning Xfinity Voice Remote, finding a show, channel, or game is fast, easy, and frustration-free.

Comcast Business: Technology Solutions for Businesses of Any Size

Comcast Business delivers powerful, secure, and always-on connectivity tailored to meet the needs of businesses – whether small startups or growing enterprises. With fast, reliable Internet and advanced networking solutions like SD-WAN, cloud connectivity, and unified communications, Comcast Business helps organizations stay connected, protected, and ready to scale.

For businesses on the move, Comcast Business Mobile offers fast, dependable 5G, flexible data plans, and access to over 23 million WiFi hotspots nationwide. With features like 4K streaming, advanced spam call blocking, and twice-a-year phone upgrades, it’s a mobile solution designed to keep teams productive – wherever business takes them.

What It Means for the Bloomsbury Community

Comcast’s commitment to communities goes beyond building the network and aims to increase economic mobility for the local community and its residents. That’s why Comcast created Internet Essentials, a broadband adoption program that offers eligible households low-cost, high-speed Internet and affordable computers.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

Media Contact:

Alexandra Smith

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267-751-5856

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Cadence Subsystem for PCIe 6.0 Architecture Achieves First-Pass PCI Express Specification Compliance

Cadence Subsystem for PCIe 6.0 Architecture Achieves First-Pass PCI Express Specification Compliance

Complete x8 subsystem solution in TSMC N3 process demonstrates industry readiness for mass production and de-risks adoption for AI/HPC customers

SAN JOSE, Calif.–(BUSINESS WIRE)–
Cadence (Nasdaq: CDNS) today announced that its PHY and controller IP for the PCI Express® (PCIe®) 6.0 specification, implemented in the TSMC N3 process, achieved first-pass success at the recent PCI-SIG® compliance workshop held in late July. The workshop marked the industry’s first official event for PCIe 6.0 specification compliance testing, with Cadence’s x8 subsystem solution tested at the full PCIe 6.0 specification speed of 64 GT/s.

The complete Cadence subsystem solution, comprising both PHY and controller, successfully passed all official PCIe 6.0 compliance specification tests and is on PCI-SIG’s Integrators List.

“PCI Express is a crucial scale-up interconnect for AI/HPC data centers and AI factories, and Cadence’s subsystem for the PCIe 6.0 specification delivers best-in-class performance with among the lowest power in the industry,” said Marc Loinaz, vice president of research and development for high-performance PHY, Silicon Solutions Group at Cadence. “This first-pass compliance success validates our complete PHY and controller solution and gives customers confidence that our technology is fully interoperable and ready for production.”

The milestone underscores the importance of early ecosystem collaboration in bringing new standards to market. Cadence worked closely with PCI-SIG, test equipment providers, and industry partners in the months leading up to the official compliance workshop, conducting interoperability testing to identify and resolve potential issues before the formal evaluation.

“As PCIe 6.0 technology enables the next wave of AI and high-performance computing systems, rigorous compliance and interoperability testing are essential for ecosystem success,” said Brig Asay, General Manager, Network Data Center, Keysight Technologies. “Cadence’s first-pass compliance achievement reflects both the quality of its PCIe 6.0 subsystem implementation and the effectiveness of comprehensive validation using Keysight’s test and measurement solutions. We are pleased to support industry leaders in accelerating PCIe 6.0 technology deployment with confidence.”

“Cadence is a long-standing PCI-SIG member helping to further PCIe technology adoption,” said Al Yanes, president and chairperson of PCI-SIG. “Cadence’s PCIe 6.0 compliance milestone plays a role in the continued advancement of PCIe technology architecture.”

PCIe 6.0 technology addresses growing demand for high-bandwidth connectivity in AI and high-performance computing systems, where the standard is used for accelerator cards, network interfaces, and storage devices. The interface is expected to see wide adoption in data center and AI infrastructure, with broader deployment in automotive and enterprise systems following as the ecosystem matures.

“Positron AI has licensed Cadence’s SerDes IP for the PCIe 6.0 specification for our AI inference accelerator chip,” said Thomas Sohmers, CTO at Positron AI. “Cadence’s complete PCIe 6.0 subsystem built in silicon and robust interoperability testing give us confidence that our PCIe 6.0 interface will meet the high-bandwidth connectivity demands of our transformer workloads.”

Key features of Cadence’s PCIe 6.0 technology solution include:

  • Complete subsystem solution with PHY and controller built in silicon

  • ADC and DSP-based equalization

  • Firmware-optimized SerDes operation

  • Multi-protocol flexibility and support

  • Optimized for low power, including support for the latest PCI-SIG engineering change notices (ECNs)

  • Certification for x8 configuration on TSMC N3 process

PCI-SIG has continued to advance the PCIe standard to meet the needs of advanced HPC and AI workloads. Cadence offers a broad portfolio of PCIe technology solutions up to the PCIe 7.0 specification.

Cadence’s complete subsystem solution for PCIe 6.0 technology, including PHY and controller, is available now for SoC providers to design in. For more information on Cadence IP for PCIe 6.0 technology, visit the Cadence PCIe 6.0 and CXL PHY product page or download the Design IP brochure.

About Cadence

Cadence is a market leader in AI and digital twins, pioneering the application of computational software to accelerate innovation in the engineering design of silicon to systems. Our design solutions, based on Cadence’s Intelligent System Design™ strategy, are essential for the world’s leading semiconductor and systems companies to build their next-generation products from chips to full electromechanical systems that serve a wide range of markets, including hyperscale computing, mobile communications, automotive, aerospace, industrial, life sciences and robotics. In 2025, Cadence was recognized by Fortune as one of the world’s top 100 best companies to work for. Cadence solutions offer limitless opportunities.

Category: Featured

© 2026 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo, and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

PCI-SIG, PCI Express, and PCIe are trademarks or registered trademarks of PCI-SIG. All other trademarks are the property of their respective owners.

For more information, please contact:

Cadence Newsroom

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Lincoln Financial Research Finds 78% of Families Haven’t Discussed Life Insurance

Lincoln Financial Research Finds 78% of Families Haven’t Discussed Life Insurance

New research reveals adult children and aging parents sidestepping conversations about life insurance, making assumptions that could create costly gaps in future preparedness

RADNOR, Pa.–(BUSINESS WIRE)–
For September’s Life Insurance Awareness Month, Lincoln Financial has released new research that outlines key conversations adult children and aging parents may not be having related to coverage and family financial conversations.

According to Lincoln Financial’s Consumer Sentiment Tracker, 78% of families surveyed have not had an in-depth conversation about life insurance. Additionally, 60% of adult children believe their parents have life insurance coverage in place, while only 44% of parents say they actually do, underscoring a critical gap between expectation and reality among family conversations and future preparedness.

Lincoln’s research finds similar communication gaps around retirement funding, healthcare costs and legacy planning, suggesting this disconnect isn’t limited to life insurance.

“Families often assume these decisions have already been made, but our research points to a broader issue that when generations aren’t talking about long-term intentions or financial priorities, those assumptions leave families feeling unprepared when important decisions arise,” said Darrel Tedrow, Executive Vice President, President of Life Insurance and Retail Shared Services, Lincoln Financial. “Closing the conversation gap starts with having honest conversations. When families understand their options and priorities, they can make more informed decisions about the role life insurance plays in their long-term financial security.”

The call to action: Start before it’s urgent

Lincoln encourages adult children and aging parents to begin key retirement and long-term financial conversations as early as possible, as that clarity and alignment will create greater financial confidence and preparedness for the future. For families to align, Lincoln suggests:

  • Host a family meeting where key members discuss financial protection, coverage needs and long-term goals; don’t assume everyone is already on the same page. Meet once a year or when any major life event may occur.
  • Work with a financial professional to understand how life insurance fits alongside saving, investing and retirement preparedness.
  • Have these conversations early. When families avoid discussing long-term financial goals, important decisions are often left until a major life event occurs, forcing loved ones to navigate complex and emotionally charged choices under pressure.
  • Document key decisions. Once family conversations happen, make sure family members understand expectations, know where important information is kept, and are fully aligned on what decisions have been made.

“Life insurance should be part of a family’s overall financial strategy. It should be considered alongside saving, investing and preparing for retirement as part of a broader approach to long-term financial security,” said Tedrow. “With that in mind, the most important part of any strategy is making sure the people it impacts understand it. A simple conversation today can create greater clarity and confidence for a family in the future.”

For more information on Lincoln, Life Insurance Awareness Month or their life insurance solutions, visit here.

FAQs

What is Life Insurance Awareness Month? Life Insurance Awareness Month is observed each September to help raise consumer understanding of life insurance and encourage families to evaluate their coverage needs.

What does Lincoln Financial mean by “closing the conversation gap”? It’s the disconnect between what families assume has been decided and what has actually been discussed and put in place. Lincoln Financial’s Consumer Sentiment Tracker found 78% of families surveyed haven’t had an in-depth conversation about life insurance, and adult children consistently overestimate the coverage their parents have.

Why do families avoid these conversations? Families often assume the topic has already been addressed, or avoid raising it out of discomfort, and the responsibility for starting the conversation can end up sitting with no one in particular.

Why does Lincoln Financial say life insurance is part of a comprehensive financial strategy, rather than a standalone product? Because it works best alongside saving, investing and preparing for retirement, not as a decision made in isolation. Treating it separately is part of why it gets left out of the conversation.

How can families start this conversation? Start with goals and long-term priorities rather than policy details, don’t wait for a milestone event to force it, and consider working with a financial professional to help align expectations across generations.

About Lincoln Financial

Lincoln Financial helps people confidently plan for their vision of a successful financial future. As of December 31, 2025, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of June 30, 2026, the company had $366 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, PA., Lincoln Financial is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com. Products are issued by The Lincoln National Life Insurance Company, Fort Wayne, IN, and in New York, Lincoln Life & Annuity Company of New York, Syracuse, NY. The Lincoln National Life Insurance Company does not solicit business in the state of New York, nor is it authorized to do so.

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Kustom Entertainment, Inc. Enters Into an Agreement to Acquire TFL, LLC (dba Tickets For Less)


Transformational Acquisition is Expected to Combine Kustom’s Music Festival Platform with Ticketing & Distribution Engine; Expected to be Immediately Accretive to Revenue, Earnings and Adjusted EBITDA

OLATHE, KS, Sept. 01, 2026 (GLOBE NEWSWIRE) —
Kustom Entertainment, Inc. (Nasdaq: KUST) (“Kustom” or the “Company”), an emerging leader in live music festival production and proprietary ticketing technology, today announced that it has entered into a definitive Unit Purchase Agreement to acquire 100% of the equity interests of TFL, LLC (“TFL”), a premier wholesale ticketing distribution and live event technology platform.

The transaction will unite Kustom’s festival production footprint with TFL’s high-margin inventory distribution network, proprietary eCommerce and TFLConnect technology platforms, and long-standing commercial relationships across professional sports teams, collegiate athletics, and venues.

Executive Commentary

“The acquisition of TFL will be a transformational milestone for Kustom Entertainment as we build a fully integrated, end-to-end live entertainment ecosystem,” said Stanton E. Ross, Chief Executive Officer of Kustom Entertainment, Inc. “TFL is expected to bring an exceptional track record of profitable growth, robust cash flows, and market-leading technology that aggregates billions in live event inventory. Dan Rouen and his team have established a dominant position in live event ticketing, and integrating their technology with our festival platform will drive significant long-term shareholder value.”

“Over the past two decades, TFL has built a reputation on fee-transparent pricing, technology innovation, and deep partnerships across professional and collegiate sports,” said Dan Rouen, Founder and CEO of TFL, LLC. “Joining forces with Kustom will provide us with the capital, public market platform, and strategic alignment to accelerate our expansion. We look forward to deploying our distribution infrastructure across Kustom’s growing footprint to deliver unmatched value to venues, teams, and fans.”

Strategic & Financial Highlights

  • Immediate Financial Accretion: The transaction is expected to be immediately accretive to Kustom’s consolidated revenue, earnings and adjusted EBITDA. TFL brings a proven history of strong cash flow generation and high-margin profitability having generated over $238 million in revenue for full-year 2025.
  • Expanded Footprint & Partnerships: TFL will expand Kustom’s reach into major collegiate and professional sports ecosystems, leveraging partnerships with iconic brands across The National Football League, Major League Baseball, NCAA and more.
  • Proprietary Technology Integration: TFL’s eCommerce platform which currently powers TicketSmarter.com, a Kustom company, will integrate across Kustom’s festival assets, unlocking broader distribution, dynamic pricing synergies, and direct cross selling opportunities
  • Leadership Continuity: TFL’s executive leadership team will enter into long-term employment agreements with Kustom upon closing.

Transaction Overview

Under the terms of the Unit Purchase Agreement, Kustom will acquire 100% of TFL’s issued and outstanding equity units from its selling members for consideration consisting of cash, shares of Kustom common stock, and some of the share consideration will be held back and released upon completion of future EBITDA performance milestones.

The transaction is subject to customary closing conditions, including working capital adjustments, escrow provisions, regulatory consent, and specified financing conditions.

Roth Capital Partners, LLC is acting as exclusive financial advisor to Kustom in connection with the transaction and rendered a fairness opinion to Kustom’s Board of Directors.

About TFL, LLC

Founded in 2004 as Tickets For Less, TFL, LLC is a premier live event ticketing technology and inventory distribution platform headquartered in Overland Park, KS. TFL manages millions in live event ticket inventory on behalf of their team and venue partners using its proprietary distribution engine, and aggregates billions in inventory with its proprietary multi-feed. TFL is widely recognized for its transparent pricing model, strong asset base, and sustained operational profitability across regional and national markets. For more information, visit www.ticketsforless.com.

About Kustom Entertainment, Inc.

Kustom Entertainment, Inc. (Nasdaq: KUST) specializes in large-scale live music festival production, event management, and ticketing technology solutions designed to maximize high-margin monetization across the entire live event lifecycle. For more information, visit http://www.kustoment.com/

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and assumptions and are subject to risks and uncertainties including the ability of the parties to finalize definitive documentation and the satisfaction of closing conditions by the anticipated closing date. Such statements include, but are not limited to, statements regarding the anticipated closing of the transaction contemplated by the Unit Purchase Agreement; the Company’s growth strategy; the integration of the acquired business; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today’s date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made, and the Company assumes no duty to update forward-looking statements, except as required by law. Examples of such risks and uncertainties include, but are not limited to, risks related to the closing conditions and obtaining required consents; the success of integrating the business; any potential legal proceedings; or, the future performance of the Company’s common stock. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company’s periodic filings with the U.S. Securities and Exchange Commission, including, without limitation, the risks described in the Company’s 2025 Annual Report on Form 10-K under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.

Media & Investor Contact:

Stanton E. Ross, CEO

Kustom Entertainment, Inc.

Phone: (913) 456-KUST (5878)

Email: [email protected]

Websites: www.kustoment.com



Practus LLP deploys Intapp’s agentic AI solutions to power innovation and growth

Practus LLP deploys Intapp’s agentic AI solutions to power innovation and growth

From conflicts and intake to relationship intelligence, a next-generation virtual law firm is building its operational backbone on Intapps governed AI platform

PALO ALTO, Calif.–(BUSINESS WIRE)–
Intapp (NASDAQ: INTA), the governed AI platform for professional firms in highly regulated industries, today announced that legal services firm Practus, LLP, and its back-office services provider, Auxana Administrative Services, have chosen Intapp as a core technology partner to streamline their legal and business operations. Intapp’s integrated applications, including its native agentic AI capabilities, will help Practus and Auxana improve efficiency across intake, conflicts, time, and client relationship management.

Practus is a next-generation law firm founded in 2018 by John Lively to modernize the delivery of legal services. The virtual firm combines top-tier legal expertise with a flexible, technology-forward operating model. Central to Practus’ continued growth is Auxana Administrative Services, an integrated legal services organization that provides back-office operations, technology, and administrative infrastructure for law firms and other professional services organizations. Through Auxana’s platform and strategic technology leadership, Practus selected Intapp to implement a unified, enterprise-grade solution that enhances client intake, improves data visibility, and streamlines firmwide operational efficiency.

Technology is central to the identity and operational model of Practus and Auxana. They continually evaluate technology investments to ensure they meet the evolving needs of their lawyers and clients. Through a strategic approach to technology adoption, Auxana turned to Intapp to create a connected ecosystem of AI-enabled solutions designed to simplify workflows, strengthen connectivity across its virtual environment, and enhance client relationships.

Delivering elevated legal services

For the past two years, Practus and Auxana have used Intapp Conflicts to quickly and thoroughly evaluate new business. The solution helps them identify and address ethical, business, and subject-matter conflicts of interest, while Intapp Walls maintains information barriers that protect sensitive information across the firms. The organizations have now added Intapp Intake to automate client onboarding processes by capturing critical data needed to manage compliance with industry regulations. This enables partners to focus on delivering exceptional client service rather than manual data capture and entry.

With Intapp Time, Practus and Auxana will give their lawyers flexible timekeeping methods, AI capabilities, and an easy, modern way to record their time and prevent losing billable hours. The solution will also help them easily see how they’re allocating their time, and better understand the value delivered across each matter.

Empowering lawyers with data and AI

For business development, Practus and Auxana will deploy Intapp DealCloud with Celeste. Celeste is the expert AI coworker that transforms how professionals interact with DealCloud. Rather than navigating records or pulling reports, lawyers and business-development professionals can ask questions in plain language and receive synthesized answers drawn across relationship history, engagement activity, and pipeline context. Celeste also eliminates manual data entry through document ingestion and conversational record updates, helping keep firm intelligence current without interrupting the flow of work. Pre-meeting briefs, pipeline summaries, and relationship intelligence that would otherwise require hours of research can be surfaced in seconds. This helps business-development teams identify the warmest path to a contact, prioritize outreach, and engage clients and prospects with the full weight of the firm’s collective knowledge behind every interaction.

With DealCloud, Practus and Auxana will have a centralized platform where lawyers and business professionals can find and reference communications, workflows, and other data relating to client relationships, outreach, and engagements. Zero-entry data capabilities will help the firm build and manage a comprehensive view of its relationships with clients, prospects, and other contacts. Access to collective firm intelligence will help teams use AI to strengthen relationships, accurately track and forecast work, accelerate execution, and identify opportunities to expand relationships across other business units. Leveraging proprietary and third-party data will also provide actionable insights into client trends and industry developments.

Software delivery

To facilitate a successful deployment of Intapp Intake, Time, and DealCloud, Auxana will work closely with the Intapp Implementation Services team, as well as Epiq and Nidaan Systems — both Intapp partners. These implementation specialists will take an iterative, user-centric approach aligned with Auxana’s unique business needs.

Supporting quotes

Valerie Spengler, Chief Innovation and Strategy Officer, Practus, LLP

“From the start, Practus was built to run without the overhead a traditional firm carries. Our people collaborate seamlessly regardless of location. Intapp gives us one connected system for the business of running the firm, so conflicts, intake, and time don’t pull our lawyers away from the sophisticated work clients hire them for.”

Laura Saklad, Vice President, Legal Industry, Intapp

“Choosing Intapp for conflicts, intake, and time management aligns directly with Auxana’s ‘intelligent use of resources’ strategy — letting them achieve optimal outcomes while easing the administrative burden on their professionals. It will also allow Auxana to better collect and use institutional knowledge to make more informed decisions for their own businesses and their clients’ businesses alike.”

Chris Raymond, Practice Group Leader, Intapp

“As Auxana and Practus grow, DealCloud will help them expand their offerings in alignment with their clients’ needs. Access to centralized data will also let each professional make better use of firmwide intelligence across the client lifecycle to build their books of business.”

Additional resources

Connect with Intapp

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Intapp’s products and services and the expected results or benefits from use of our products and services. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance, or achievement to differ materially and adversely from those anticipated or implied in the statements. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and any subsequent public filings. Forward-looking statements speak only as of the date the statements are made and are based on information available to us at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. We assume no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Intapp’s discretion and may not be delivered as planned or at all.

About Intapp

Intapp (NASDAQ: INTA) is the governed AI platform for professional firms in highly regulated industries. Intapp’s vertically tailored agentic solutions are built for the specialized workflows, complex relationship networks, and professional compliance requirements of accounting, consulting, investment banking, law, private capital, and real assets firms. By applying Firm AI to core processes and data, Intapp helps partners, dealmakers, and advisors drive firm growth, manage compliance, and improve profitability. Learn why the world’s top firms trust Intapp’s industry-specific enterprise solutions at intapp.com.

Emily Martinez

Global Media and Communications Director

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Legal Technology Artificial Intelligence Software

MEDIA:

Logo
Logo

SABA Announces $0.058 Dividend

SABA Announces $0.058 Dividend

NEW YORK–(BUSINESS WIRE)–
Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of $0.058 per share on August 31, 2026, payable on September 30, 2026 to shareholders of record as of September 9, 2026.

Managed Distribution Plan. The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the Fund will make monthly distributions to shareholders at a fixed amount of $0.058 per share. Thus, the distribution amount shown excludes special dividends (which are not paid pursuant to the plan). The Fund will generally distribute amounts necessary to satisfy the Fund’s Plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. The Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the net asset value of the Fund’s common shares, but there is no assurance that the Plan will be successful in doing so.

Under the Plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. As a result, long-term capital gains and/or return of capital may be a material source of any distribution. No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan. The Board of Trustees (the “Board”) may amend the terms of the Plan or terminate the Plan at any time without prior notice to Fund shareholders. No level of distribution can be guaranteed. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan is subject to the periodic review by the Board, including a yearly review of the annual minimum fixed rate to determine if an adjustment should be made.

In compliance with Rule 19a-1 of the Investment Company Act of 1940, shareholders will receive a notice that details the source of income for the above dividend, such as net investment income, gain from the sale of securities and return of principal; however, determination of the actual source of the foregoing dividend can only be made at year-end. The actual source amounts of all Fund dividends will be included in the Fund’s annual or semiannual reports. In addition, the tax treatment may differ from the accounting treatment used to calculate the source of the Fund’s dividends as shown on shareholders’ statements. Shareholders should refer to their Form 1099-DIV for the character and amount of distributions for income tax reporting purposes. Since each shareholder’s tax situation is unique, it may be advisable to consult a tax advisor as to the appropriate treatment of Fund distributions.

Past Performance is No Assurance of Future Results. Investment return and principal value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Investors should consider the investment objective, risks and expenses carefully. You can obtain the Fund’s most recent periodic reports and filings by visiting https://www.sec.gov/edgar/browse/?CIK=828803&owner=exclude.

Other Information and Certain Risk Factors: The Fund’s investment objective is to provide investors with high current income, with a secondary goal of capital appreciation. There can be no assurance that the Fund will meet its investment objective. The Fund seeks to achieve this objective by investing globally in debt and equity securities of public and private companies, which includes, among other things, investments in closed-end funds, special purpose acquisition companies (“SPACs”), reinsurance, and public and private debt instruments. The Fund also may utilize derivatives including but not limited to total return swaps, credit default swaps, options and futures, in seeking to enhance returns and/or to reduce portfolio risk.

The value of the Fund’s investments in equity securities of public and private, listed and unlisted companies and equity derivatives generally varies with the performance of the issuer and movements in the equity markets more generally. As a result, the Fund may suffer losses if it invests in equity instruments of issuers whose performance diverges from the Fund’s investment manager’s expectations or if equity markets generally move in a single direction and the Fund has not hedged against such a general move. The Fund invests in closed-end funds and SPACs, which are subject to additional risks and considerations. The performance of reinsurance-related securities and the reinsurance industry itself are tied to the occurrence of various triggering events, including but not limited to weather, natural disasters (hurricanes, earthquakes, etc.), non-natural large catastrophes and other specified events causing physical and/or economic loss. To the extent the Fund invests in reinsurance-related securities for which a triggering event occurs, losses associated with such event could result in losses to the Fund’s investment, and a series of major triggering events affecting a large portion of the reinsurance- related securities held by the Fund could result in substantial losses to the Fund’s investment. The Fund may invest in high yield securities, which are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates. Changes in short-term market interest rates may directly affect the yield on the Fund’s common shares. If such rates fall, the Fund’s yield may also fall. If interest rate spreads on bonds and loans owned by the Fund decline in general, the yield on the bonds and loans will likely fall and the value of such bonds and loans may decrease. When short-term market interest rates rise, because of the lag between changes in such short-term rates and the resetting of the floating rates on bonds and loans in the Fund’s portfolio, the impact of rising rates will be delayed to the extent of such lag. Because of the limited secondary market for certain bonds and loans, the Fund’s ability to sell such securities in a timely fashion and/or at a favorable price may be limited. An increase in the demand for bonds and loans may adversely affect the rate of interest payable on new bonds and loans acquired by the Fund, and it may also increase the price of bonds and loans purchased by the Fund in the secondary market. A decrease in the demand for bonds and loans may adversely affect the price of bonds and loans in the Fund’s portfolio, which would cause the Fund’s net asset value to decrease. Investment in foreign borrowers involves special risks, including but not limited to potentially less rigorous accounting requirements, differing legal systems and potential political, social and economic adversity. The Fund may engage in currency exchange transactions to seek to hedge, as closely as practicable, all of the economic impact to the Fund arising from foreign currency fluctuations. Other risks include, but are not limited to, the use of derivatives, the potential lack of diversification in the Fund’s portfolio, and the fact that the Fund’s portfolio may be concentrated in a small group of industries or industry sectors from time to time. Investors should consult the Fund’s filings with the Securities and Exchange Commission as well as the materials on the Fund’s website for a more detailed discussion of these or other risk factors that affect the Fund.

About Saba Capital Income & Opportunities Fund II. Saba Capital Income & Opportunities Fund II is a publicly-traded registered closed-end management investment company. The Fund’s common shares trade on the New York Stock Exchange under the ticker symbol “SABA”. The Fund is managed by Saba Capital Management, L.P.

Forward-Looking Statements. This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors, including but not limited to the “Certain Risk Factors” noted above, are identified from time to time in the Fund’s filings with the Securities and Exchange Commission as well as the materials on the Fund’s website. The Fund undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

For further information on Saba Capital Income & Opportunities Fund II, please visit our website at: www.sabacef.com.

888-888-0319

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

BRW Announces $0.085 Dividend

BRW Announces $0.085 Dividend

NEW YORK–(BUSINESS WIRE)–
Saba Capital Income & Opportunities Fund (NYSE: BRW) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of $0.085 per share on August 31, 2026, payable on September 30, 2026 to shareholders of record as of September 9, 2026.

Managed Distribution Plan. The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the Fund will make monthly distributions to shareholders at a fixed amount of $0.085 per share. Thus, the distribution amount shown excludes special dividends (which are not paid pursuant to the plan). The Fund will generally distribute amounts necessary to satisfy the Fund’s Plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. The Plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the net asset value of the Fund’s common shares, but there is no assurance that the Plan will be successful in doing so.

Under the Plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution rate. As a result, long-term capital gains and/or return of capital may be a material source of any distribution. No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan. The Board of Trustees (the “Board”) may amend the terms of the Plan or terminate the Plan at any time without prior notice to Fund shareholders. No level of distribution can be guaranteed. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan is subject to the periodic review by the Board, including a yearly review of the annual minimum fixed rate to determine if an adjustment should be made.

In compliance with Rule 19a-1 of the Investment Company Act of 1940, shareholders will receive a notice that details the source of income for the above dividend, such as net investment income, gain from the sale of securities and return of principal; however, determination of the actual source of the foregoing dividend can only be made at year-end. The actual source amounts of all Fund dividends will be included in the Fund’s annual or semiannual reports. In addition, the tax treatment may differ from the accounting treatment used to calculate the source of the Fund’s dividends as shown on shareholders’ statements. Shareholders should refer to their Form 1099-DIV for the character and amount of distributions for income tax reporting purposes. Since each shareholder’s tax situation is unique, it may be advisable to consult a tax advisor as to the appropriate treatment of Fund distributions.

Past Performance is No Assurance of Future Results. Investment return and principal value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. Investors should consider the investment objective, risks and expenses carefully. You can obtain the Fund’s most recent periodic reports and filings by visiting https://www.sec.gov/edgar/browse/?CIK=826020&owner=exclude.

Other Information and Certain Risk Factors: The Fund’s investment objective is to provide investors with a high level of current income, with a secondary goal of capital appreciation. There can be no assurance that the Fund will meet its investment objective. The Fund seeks to achieve this objective by investing globally in debt and equity securities of public and private companies, which includes, among other things, investments in closed‐end funds, special purpose acquisition companies (“SPACs”), reinsurance, and public and private debt instruments. The Fund also may utilize derivatives including but not limited to total return swaps, credit default swaps, options and futures, in seeking to enhance returns and/or to reduce portfolio risk.

The value of the Fund’s investments in equity securities of public and private, listed and unlisted companies and equity derivatives generally varies with the performance of the issuer and movements in the equity markets more generally. As a result, the Fund may suffer losses if it invests in equity instruments of issuers whose performance diverges from the Fund’s investment manager’s expectations or if equity markets generally move in a single direction and the Fund has not hedged against such a general move. The Fund invests in closed-end funds and SPACs, which are subject to additional risks and considerations. The performance of reinsurance-related securities and the reinsurance industry itself are tied to the occurrence of various triggering events, including but not limited to weather, natural disasters (hurricanes, earthquakes, etc.), non-natural large catastrophes and other specified events causing physical and/or economic loss. To the extent the Fund invests in reinsurance-related securities for which a triggering event occurs, losses associated with such event could result in losses to the Fund’s investment, and a series of major triggering events affecting a large portion of the reinsurance- related securities held by the Fund could result in substantial losses to the Fund’s investment. The Fund may invest in high yield securities, which are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates. Changes in short-term market interest rates may directly affect the yield on the Fund’s common shares. If such rates fall, the Fund’s yield may also fall. If interest rate spreads on bonds and loans owned by the Fund decline in general, the yield on the bonds and loans will likely fall and the value of such bonds and loans may decrease. When short-term market interest rates rise, because of the lag between changes in such short-term rates and the resetting of the floating rates on bonds and loans in the Fund’s portfolio, the impact of rising rates will be delayed to the extent of such lag. Because of the limited secondary market for certain bonds and loans, the Fund’s ability to sell such securities in a timely fashion and/or at a favorable price may be limited. An increase in the demand for bonds and loans may adversely affect the rate of interest payable on new bonds and loans acquired by the Fund, and it may also increase the price of bonds and loans purchased by the Fund in the secondary market. A decrease in the demand for bonds and loans may adversely affect the price of bonds and loans in the Fund’s portfolio, which would cause the Fund’s net asset value to decrease. The Fund’s use of leverage, if any, through borrowings or issuance of preferred shares can adversely affect the yield on the Fund’s common shares. Investment in foreign borrowers involves special risks, including but not limited to potentially less rigorous accounting requirements, differing legal systems and potential political, social and economic adversity. The Fund may engage in currency exchange transactions to seek to hedge, as closely as practicable, all of the economic impact to the Fund arising from foreign currency fluctuations. Other risks include, but are not limited to, the use of derivatives, the potential lack of diversification in the Fund’s portfolio, and the fact that the Fund’s portfolio may be concentrated in a small group of industries or industry sectors from time to time. Investors should consult the Fund’s filings with the Securities and Exchange Commission as well as the materials on the Fund’s website for a more detailed discussion of these or other risk factors that affect the Fund.

About Saba Capital Income & Opportunities Fund. Saba Capital Income & Opportunities Fund is a publicly-traded registered closed-end management investment company. The Fund’s common shares trade on the New York Stock Exchange under the ticker symbol “BRW”. The Fund is managed by Saba Capital Management, L.P.

Forward-Looking Statements. This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors, including but not limited to the “Certain Risk Factors” noted above, are identified from time to time in the Fund’s filings with the Securities and Exchange Commission as well as the materials on the Fund’s website. The Fund undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

For further information on Saba Capital Income & Opportunities Fund, please visit our website at: www.sabacef.com.

844-460-9411

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

AkzoNobel and Axalta announce three directors to finalize Board of combined company

AMSTERDAM and PHILADELPHIA, Aug. 31, 2026 (GLOBE NEWSWIRE) — Akzo Nobel N.V. (AKZA; AKZOY) (“AkzoNobel”) and Axalta Coating Systems Ltd. (AXTA) (“Axalta”) today announced that Stephan B. Tanda, Denise C. Johnson and Robert Schuchna have agreed to serve as non-executive Directors of the combined company upon completion of their pending merger of equals.

Rakesh Sachdev, Chair of the Axalta Board of Directors – who will serve as Chair of the combined company Board, stated, “We are pleased to announce that Stephan, Denise and Robert will join the combined company Board upon closing of our merger. Stephan and Denise each bring significant senior executive experience driving growth at a variety of industrial businesses, and Robert’s deep investment background will reinforce the Board’s focus on long-term value creation. Together, their expertise will further strengthen the Board and enhance its oversight of the combined company’s strategic priorities.”

Ben Noteboom, Chairman of the Supervisory Board of AkzoNobel, who will serve as ViceChair of the combined company Board, said: “These highly qualified independent directors bring experience that will support the Board as we bring together our complementary portfolios, industry-leading innovation capabilities and talented teams. We have already seen the value Robert has added to AkzoNobel as a member of our Supervisory Board, and we look forward to benefiting from his continued insights alongside Stephan and Denise. With the Board now fully assembled, we are confident the combined company is well positioned to realize the full potential of the merger by accelerating innovation, strengthening customer relationships and delivering sustainable growth.”

As of closing, the combined company Board will be composed of Rakesh Sachdev (Chair), Ben Noteboom (Vice-Chair), Greg Poux-Guillaume (CEO), Chris Villavarayan (Deputy CEO), Jaska de Bakker, Jan Bertsch, Denise Johnson, Wouter Kolk, Robert Schuchna, Kevin Stein and Stephan Tanda.

About Denise C. Johnson

Johnson is currently a Group President of Caterpillar and is responsible for Resource Industries (RI), where she has responsibilities for mining, heavy construction, quarry and aggregates products, services and technology. She also serves as a Director of ABB, a global technology leader focused on electrification and automation. Before joining Caterpillar in 2011, she worked for General Motors (GM) in different managerial roles in the US and as President and Managing Director of GM in Brazil. Johnson holds a Bachelor’s degree in mechanical engineering from Michigan State University and Master’s degrees in mechanical engineering and business administration from the Massachusetts Institute of Technology (MIT).

About Robert Schuchna

Schuchna is a partner at Cevian Capital, the leading active ownership fund focused on public companies in Europe. He has played an instrumental role in investments across the chemicals, consumer goods, industrials and pharma sectors, from initial due diligence through the development and implementation of value-enhancement plans. Schuchna currently serves on the AkzoNobel Supervisory Board, as well as the Board of Directors of Rexel. Schuchna holds a Master’s degree in banking and finance from the University of Zurich.

About Stephan B. Tanda

Tanda currently serves as President and CEO of AptarGroup, which has announced his retirement as CEO on September 1, 2026. At AptarGroup, he drove transformation of the company’s strategy from a consumer-focused packaging manufacturer into a high-margin, innovation-led leader in drug delivery and active material sciences. Previously, he served as an Executive Managing Board Director for ten years at Royal DSM NV. His career also includes leadership roles at DuPont and Freudenberg Nonwovens Group. He currently serves as a Director of AptarGroup and of Ingredion, a global provider of ingredients for the food, beverage, brewing and pharmaceutical industries and numerous industrial sectors, and previously served as a Director on the Board of Patheon NV, a Pharma Custom Manufacturer, from its IPO to its sale to ThermoFisher Scientific, and on the board of Semperit AG. Tanda holds a degree in Plastics Engineering from the University of Leoben in Austria, as well as an MBA from the Wharton School of the University of Pennsylvania.


About AkzoNobel


Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing more sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together.


About Axalta


Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.


Not for publication – for more information

   
AkzoNobel Media Relations AkzoNobel Investor Relations
T +31 (0)88 – 969 7833
Contact: Diana Abrahams
[email protected]
T +31 (0)88 – 969 0139
Contact: Jan Willem Enhus
[email protected]
   
Axalta Media Relations Axalta Investor Relations
T +1 (302) 290-3906
Contact: Patricia Morschel
[email protected]
T +1 (610) 999-9407
Contact: Colleen Lubic
[email protected]
   

General Restrictions

This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.

This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of AkzoNobel or Axalta or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”).

Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the proposed transaction, which was published on June 24, 2026.

The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, AkzoNobel and Axalta disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither AkzoNobel, nor Axalta, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of AkzoNobel and Axalta, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.

This communication is addressed to and directed only at (i) persons who are outside the United Kingdom, (ii) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (iii) persons falling within Article 49(2)(a) to (d) of the Order, or (iv) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons and persons who are not Relevant Persons should not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.

Additional Information and Where to Find It

In connection with the proposed transaction between AkzoNobel and Axalta, AkzoNobel filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the proposed transaction. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. Each of AkzoNobel and Axalta will also file other relevant documents in connection with the proposed transaction. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents AkzoNobel and/or Axalta may file with the SEC or any other competent regulator in connection with the proposed transaction. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BEFORE MAKING ANY INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AKZONOBEL AND AXALTA ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AKZONOBEL, AXALTA, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by AkzoNobel and Axalta with the SEC are available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings.

The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.

Cautionary Statement Concerning Forward-Looking Statements

This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, regarding, among other things, statements about management’s expectations of AkzoNobel’s and Axalta’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements can sometimes be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “potential,” “seeks,” “aims,” “projects,” “predicts,” “is optimistic,” “intends,” “plans,” “estimates,” “targets,” “anticipates,” “continues” or other comparable terms or negatives of these terms, but not all forward-looking statements include such identifying words. You are cautioned not to rely on these forward-looking statements. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include: a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; AkzoNobel and Axalta are unable to achieve the synergies and value creation contemplated by the proposed transaction; AkzoNobel and Axalta are unable to promptly and effectively integrate their businesses; management’s time and attention is diverted on transaction related issues; the possibility that competing offers or acquisition proposals may be made; disruption from the proposed transaction makes it more difficult to maintain business, contractual and operational relationships; the credit ratings of AkzoNobel or Axalta decline following the proposed transaction; legal proceedings are instituted against AkzoNobel or Axalta, including resulting expense or delay; AkzoNobel or Axalta is unable to retain or hire key personnel; the communication or the consummation of the proposed acquisition has a negative effect on the market price of the capital stock of AkzoNobel or Axalta or on AkzoNobel’s or Axalta’s operating results; evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions, in the Netherlands, the United States and elsewhere, and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., the coronavirus (COVID-19) pandemic), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent United States or Netherlands administration; the ability of AkzoNobel or Axalta to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions; the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies; the risk that disruptions from the proposed transaction will harm AkzoNobel’s or Axalta’s business, including current plans and operations and/or divert management’s attention from AkzoNobel’s or Axalta’s ongoing business operations; certain restrictions during the pendency of the acquisition that may impact AkzoNobel’s or Axalta’s ability to pursue certain business opportunities or strategic transactions; AkzoNobel’s or Axalta’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risks and uncertainties discussed in AkzoNobel’s latest annual report as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center; and the risks and uncertainties discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Axalta’s reports filed with the SEC. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Except as required by law, neither AkzoNobel nor Axalta assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof.