Posts

Posted on

Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

CHICAGO–(BUSINESS WIRE)–
Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2025, to holders of record at 5:00 p.m., Chicago time, on March 14, 2025.

Northern Trust Corporation also declared cash dividends of $2,300 per share of its Series D non-cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary share), and $293.75 per share of its Series E non-cumulative perpetual preferred stock (resulting in a distribution of $0.29375 per depository share), each payable on April 1, 2025, to holders of record at 5:00 p.m., Chicago time, on March 15, 2025.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2024, Northern Trust had assets under custody/administration of US$17.4 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Media Contact:

Doug Holt

312-662-8315

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Professional Services Business Finance Asset Management Consulting Banking Personal Finance

MEDIA:

Logo
Logo
Posted on

XAI Madison Equity Premium Income Fund Will Host an Informational Webinar on February 4, 2025

CHICAGO, Jan. 22, 2025 (GLOBE NEWSWIRE) — XAI Madison Equity Premium Income Fund (NYSE: MCN) (the “Fund”) today announced that it plans to host a webinar on February 4, 2025, at 11:00 am (Eastern Time). MCN employs a covered call equity strategy that seeks to generate income and gains. On the webinar, the Fund’s management team will review the benefits and risks of a hedged equity approach to investing. Jared Hagen, Vice President at XA Investments (“XAI”) will moderate the webinar with Kimberly Flynn, President at XAI, and Ray Di Bernardo, Portfolio Manager at Madison Investments (“Madison”). Webinar participants are encouraged to ask questions of the Fund’s management team.

TO JOIN VIA WEB: Please click here to find the online registration link.

TO USE YOUR TELEPHONE: After joining via internet, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location.

Dial: US: +1 (720) 928-9299 or +1 (213) 338-8477 or +1 (646) 558-8656 or +1 (267) 831-0333 or +1 (312) 626-6799
Webinar ID: 857 3713 3843

REPLAY: A replay of the webinar will be available at www.xainvestments.com.

The Fund’s objective is to achieve a high level of current income and current capital gains, with long-term capital appreciation as a secondary objective. The Fund pursues its objective investing primarily in large and mid-capitalization common stocks that are, in the view of Madison, selling at a reasonable price in relation to their long-term earnings growth rates. Under normal market conditions, the Fund will seek to generate current earnings from option premiums by writing (selling) covered call options on a substantial portion of its portfolio securities. There can be no assurance that the Fund will achieve its investment objectives.  The Fund provides additional information on its website at www.xainvestments.com.

About XA Investments

XA Investments LLC (“XAI”) serves as the Fund’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI has approximately $950mm in AUM as of 12/31/2024 and serves as the investment adviser for two listed closed-end funds and an interval closed-end fund. The listed closed-end funds, the XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) and Madison Covered Call & Equity Strategy Fund (NYSE: MCN) both trade on the New York Stock Exchange. The interval closed-end fund, Octagon XAI CLO Income Fund (OCTIX), is newly launched.

In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, and fund management.

XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

About Madison Investments

Madison Investments is an independent investment management firm based in Madison, WI. The firm was founded in 1974, has approximately $28 billion in assets under management as of September 30, 2024, and is recognized as one of the nation’s top investment firms. Madison offers domestic fixed income, U.S. and international equity, covered call, multi-asset, insurance and credit union investment management strategies. For more information, please visit www.madisoninvestments.com.
Madison and/or Madison Investments is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority www.finra.org.

XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Fund carefully before investing. For more information on the Fund, please visit the Fund’s webpage at www.xainvestments.com.

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

         
NOT FDIC INSURED        NO BANK GUARANTEE    MAY LOSE VALUE

Media Contact:

Kimberly Flynn, President
XA Investments LLC
Phone: 888-903-3358
Email: [email protected]
www.xainvestments.com



Posted on

CRBU Investors Have Opportunity to Lead Caribou Biosciences, Inc. Securities Fraud Lawsuit

PR Newswire


NEW YORK
, Jan. 22, 2025 /PRNewswire/ — Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Caribou Biosciences, Inc. (NASDAQ: CRBU) between July 14, 2023 and July 16, 2024, both dates inclusive (the “Class Period”), of the important February 24, 2025 lead plaintiff deadline.

So what: If you purchased Caribou securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Caribou class action, go to https://rosenlegal.com/submit-form/?case_id=11988 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 24, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) defendants overstated CB-010’s safety, efficacy, and durability relative to approved autologous CAR-T cell therapies in treating patients with r/r B-NHL and/or LBCL, as well as CB-010’s overall clinical results and commercial prospects; (2) Caribou was at significant risk of having insufficient cash, liquidity, and/or other capital to fund its current business operations, including preclinical research activities associated with the allogeneic CAR-NK platform; (3) the foregoing was likely to have a significant negative impact on Caribou’s business and operations; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Caribou class action, go to https://rosenlegal.com/submit-form/?case_id=11988, https://rosenlegal.com/submit-form/?case_id=28116 call Phillip Kim, Esq. toll-free at 866-767-3653, or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/crbu-investors-have-opportunity-to-lead-caribou-biosciences-inc-securities-fraud-lawsuit-302357712.html

SOURCE THE ROSEN LAW FIRM, P. A.

Posted on

PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

PASADENA, Calif.–(BUSINESS WIRE)–
The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have declared per share dividends for February, March and April 2025. These announcements are detailed below:

 

February

March

April

PFD

$0.0610

$0.0610

$0.0610

PFO

$0.0505

$0.0505

$0.0505

FFC

$0.0920

$0.0920

$0.0920

FLC

$0.0937

$0.0937

$0.0937

DFP

$0.1151

$0.1151

$0.1151

 

 

 

 

Payment Date

February 28, 2025

March 31, 2025

April 30, 2025

Record Date

February 21, 2025

March 24, 2025

April 23, 2025

Each fund’s fiscal year ends on November 30, 2025. The tax breakdown of all 2025 distributions will be available early in 2026.

Website: www.preferredincome.com

Past performance is not indicative of future performance. An investor should consider the fund’s investment objective, risks, charges and expenses carefully before investing.

To the extent any portion of the distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a)-1 letter located under the “SEC Filings and News” section of the funds’ website. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a fund’s investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. A distribution rate that is largely comprised of sources other than income may not be reflective of a fund’s performance.

PFD, PFO and FFC invest primarily in preferred and other income-producing securities with an investment objective of high current income consistent with preservation of capital. FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation. DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income. PFD, PFO, FFC, FLC and DFP are managed by Flaherty & Crumrine Incorporated, an independent investment adviser which was founded in 1983 to specialize in the management of portfolios of preferred and related income-producing securities.

Flaherty & Crumrine Incorporated

Chad Conwell, 626-795-7300

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Data Analytics Other Professional Services Finance Asset Management Banking

MEDIA:

Posted on

Guidewire Software Set to Join S&P MidCap 400; Arrowhead Pharmaceuticals to Join S&P SmallCap 600

PR Newswire


NEW YORK
, Jan. 22, 2025 /PRNewswire/ — Guidewire Software Inc. (NYSE: GWRE) will replace Arrowhead Pharmaceuticals Inc. (NASD: ARWR) in the S&P MidCap 400, and Arrowhead Pharmaceuticals will replace Barnes Group Inc. (NYSE: B) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, January 27. S&P 500 constituent Apollo Global Management Inc. (NYSE: APO) is acquiring Barnes Group in a deal expected to be completed soon pending final conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:


Effective Date


Index Name      


Action


Company Name


Ticker


GICS Sector


January 27, 2025

S&P MidCap 400

Addition

Guidewire Software

GWRE

Information Technology


January 27, 2025

S&P MidCap 400

Deletion

Arrowhead Pharmaceuticals

ARWR

Health Care


January 27, 2025

S&P SmallCap 600

Addition

Arrowhead Pharmaceuticals

ARWR

Health Care


January 27, 2025

S&P SmallCap 600

Deletion

Barnes Group

B

Industrials

For more information about S&P Dow Jones Indices, please visit www.spdji.com 

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com. 

FOR MORE INFORMATION:

S&P Dow Jones Indices

[email protected] 

Media Inquiries

[email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/guidewire-software-set-to-join-sp-midcap-400-arrowhead-pharmaceuticals-to-join-sp-smallcap-600-302357962.html

SOURCE S&P Dow Jones Indices

Posted on

Life Time Releases 2025 Calendar of Iconic Athletic Events

PR Newswire

Spanning cycling and running, diverse lineup reflects commitment to inspiring active, healthy lifestyles; early registration exclusive to Life Time Members


CHANHASSEN, Minn.
, Jan. 22, 2025 /PRNewswire/ — Life Time (NYSE: LTH), the nation’s premier healthy lifestyle brand that operates more than 175 athletic country clubs across North America, has released its 2025 lineup of owned and produced athletic events. Composed of mountain biking, gravel cycling, road running and trail running events, the portfolio spans 11 states and helps nearly 95,000 annual participants from around the globe embrace their endurance sports passions.

“I’m proud of our team’s efforts in solidifying Life Time as a leader in delivering world-class endurance events that set the industry standard,” said Michelle Duffy, Senior Director of Marketing for Life Time. “Our 2025 event lineup reflects our unwavering dedication to innovation, unforgettable experiences, and meaningful partnerships with local host communities, while inspiring healthier, happier lives for our participants from around the world.”

Life Time’s portfolio of athletic events is part of a comprehensive ecosystem of wellness offerings that deliver life-changing experiences beyond the health club. From renowned athletic country clubs, programming and services to on-demand classes on our complimentary digital app and a full line of supplement products, Life Time is the ultimate partner in leading a healthy way of life.

The 2025 Life Time Athletic Events lineup includes:

  • February 1-2: Life Time Miami Marathon and Half presented by Free People Movement, Fla. – The iconic race weekend kicks off Saturday with the Tropical 5K ahead of Sunday’s world-renowned marathon and half marathon distances. All distances are sold out.
  • March 2: Life Time 305 Half Marathon and 5K presented by Baptist Health, Fla. – A fast and flat run through the coastal streets of Miami and Miami Beach makes for a vibrant race experience for more than 3,500 runners. Registration is now open.
  • April 10-13: Life Time Sea Otter Classic presented by Continental, Calif. – The world’s premier cycling festival complete with competitive racing and recreational tours takes place over four days in beautiful Monterey, Calif. The gravel race is the first Life Time Grand Prix event of the 2025 series. Registration for events and camping is now open.
  • May 18: Life Time Chicago Spring Half Marathon and 10K, Ill. – This half marathon and 10K celebrates the city’s emergence from winter hibernation and delivers a picturesque urban setting with a gorgeous lakefront course. Registration is now open.
  • May 29-June 1: Life Time UNBOUND Gravel presented by Shimano, Kan. – The iconic, ultra-endurance bicycling challenge of 25, 50, 100, 200, or 350 miles of gravel through the Flint Hills of Kansas. The 2025 lottery results were announced on Nov. 21, 2024. Visit the website to learn more about other ways to race. This is a Life Time Grand Prix event.
  • June 28: Life Time Leadville Trail Marathon and Heavy Half presented by La Sportiva, Colo. – The nation’s toughest marathon and the first event in the Leadville Race Series, participants run through the historic mining district’s challenging trails to the highest point of any Leadville Race Series event: Mosquito Pass (13,185 feet). Registration is now open.
  • June 28: Life Time Lutsen 99er presented by Visit Cook County, Minn. – The ultimate off-road adventure on Minnesota’s North Shore, offering race distances for the whole family (99, 59, 45 and 29 miles) plus kids races. The 99-mile distance is also a Leadville Trail 100 MTB qualifier. Registration is now open.
  • July 12: Life Time Crusher in the Tushar, Utah – The toughest 69.9 miles on the planet, this event reigns as the ultimate test of cycling endurance. Climbing over 10,000 feet, cyclists race through the captivating landscape of Utah’s Tushar Mountains. New in 2025, this event will serve as an UNBOUND qualifier. Registration is now open.
  • July 12: Life Time Silver Rush 50 Run presented by La Sportiva, Colo. – With 8,000 feet of elevation gain over 50 miles of panoramic Leadville views, the Silver Rush 50 Run offers the perfect trial run — and qualifying event — for the LT100 Run. Registration is now open.
  • July 13: Life Time Silver Rush 50 MTB presented by Kenetik, Colo. – From technical climbs to high-speed descents, riders take on 8,000 feet of elevation gain over the stunning 50-mile course. It is a qualifying event for the LT100 MTB. Registration is now open.
  • July 19: Life Time Tahoe Trail MTB, Calif. – Celebrating 15 years in an iconic recreation destination, cyclists ride through pine forests and across breathtaking summits on their choice of a single 50K loop, or two rounds for a chance to qualify for the Leadville Trail 100 MTB. Registration is now open.
  • July 20: Life Time Tahoe Trail Run, Calif. – New for 2025! The Life Time Tahoe Trail is introducing a trail run event as an addition to the endurance racing weekend in Tahoe. Offering a 50K (30-mile) and a 16K (10-mile), each distance features stunning views in every direction. The 50K trail run is the only California-based qualifying event for the iconic Life Time Leadville Trail 100 Run. Registration is now open.
  • July 25-27: Life Time Leadville Stage Race presented by Kenetik Colo. – This race takes on the breathtaking backdrops and high-altitude climbs of the iconic Leadville Trail 100 MTB course across three exciting days — earning you a shot to qualify for the Life Time LT100 MTB along the way. Registration is sold out.
  • August 9: Life Time Leadville Trail 100 MTB presented by Kenetik, Colo. – Back for its 31st year, the 100-mile race is one of the most prestigious endurance mountain biking events in the world. The 2025 lottery results were announced on Jan. 7. Visit the website to see other ways to qualify. This is a Life Time Grand Prix event.
  • August 10: Life Time Leadville Trail 10K Run presented by La Sportiva, Colo. – As the shortest race in the Leadville Race Series, the Leadville 10K Run offers the opportunity to experience the magic of Leadville for runners of all abilities. Cast against Leadville’s breathtaking mountain backdrop, the 10K covers the first and final 3.1 miles of the Race Across the Sky. Registration is now open.
  • August 16-17: Life Time Leadville Trail 100 Run presented by La Sportiva, Colo. – Where it all began back in 1983, now back for its 42nd edition. The legendary “Race Across the Sky” 100-mile run is one of the oldest, most storied endurance running events in the world. The 2025 lottery results were announced on January 7. Visit the website to see other ways to qualify.
  • September 13: Life Time Chequamegon Mountain Bike Festival, Wis. – An epic weekend of racing in Wisconsin’s Northwoods with an early fall foliage backdrop. Kids races, a 16-mile distance and the marquee 40-mile race offers something for the whole family. Registration opens February 5. This is a Life Time Grand Prix event.
  • September 27: The Life Time Rad Dirt Fest, Colo. – Taking place in Trinidad, Colorado amongst the rugged Spanish Peaks, The Rad Dirt Fest offers 110, 70 and 40 mile distances in a unique recreation destination. New in 2025, the 110 and 70-mile races will serve as UNBOUND qualifiers. Registration opens on February 10.
  • September 28: Life Time Chicago Half Marathon & 5K, Ill. – Highlighting Chicago’s south shore, this is the only event to shut down both lanes of Lake Shore Drive to offer traffic-free views of the Windy City. Registration is now open.
  • October 13: Life Time Little Sugar MTB, Ark. – Take on the best mountain bike trails that Bentonville and Bella Vista have to offer! 100K, 50K, or 20K courses available that will have your legs burning and heart pumping. This third-year event is a Leadville Trail 100 MTB qualifier. Registration opens on March 3. This is a Life Time Grand Prix event.
  • October 19: Life Time Big Sugar Gravel, Ark. – Rounding out the Big Sugar Classic on gravel roads and through the rugged highlands of the Ozark Mountains in Northwest Arkansas and Southern Missouri. The event offers 25-, 50- and 100-mile distances and culminates at the ultimate finish party, the Gravel Rave. New in 2025, the 100-mile race will serve as an UNBOUND qualifier. Registration opens March 3. This is a Life Time Grand Prix event.
  • November 8: Life Time Austin Rattler MTB & Life Time Austin Rattler Run, Texas – Join us in Texas Hill Country for a weekend celebration of endurance sports. Offering 20, 40, and 60-mile mountain bike distances, as well as 10-mile, 20-mile, and 50K run distances, there is something for everyone. The longest distance in each discipline also serves as a Leadville qualifier. Registration is now open.
  • November 28: Life Time Turkey Trot Chicago, Ill. – Join fellow runners, joggers, and walkers at Chicago’s largest and most iconic Thanksgiving Day race. Registration opens spring 2025.
  • November 28: Life Time Turkey Trot Miami 5K & 10K presented by Baptist Health, Fla. – Kick off Thanksgiving Day at this family-friendly race in beautiful Tropical Park. Registration opens spring 2025.

*Other event announcements may come throughout the year.

Life Time Athletic Events also provide the opportunity to inspire Healthy People, a Healthy Planet, and a Healthy Way of Life through the Life Time Foundation‘s charity slot program. This program allows athletes to bypass registration lotteries by fundraising for the 501(c)(3) nonprofit, which, through financial grants and direct action, supports programs for healthy people and a healthy planet, including youth nutrition and youth movement programs, as well as forestation, restoration, and conservation efforts.

For more information about all Life Time athletic events including event registrations, visit https://my.lifetime.life/athletic-events.html.

About Life Time

Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 175 athletic country clubs across the United States and Canada. The health and wellness pioneer also delivers a range of healthy way of life programs and information, and the best curated products and LTH nutritional supplements via its complimentary Life Time Digital app. The Company’s healthy living, healthy aging, healthy entertainment communities and ecosystem serve people 90 days to 90+ years old and is supported by a team of more than 41,000 dedicated professionals. In addition to delivering the best programs and experiences through its clubs, Life Time owns and produces nearly 30 of the most iconic athletic events in the country.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-releases-2025-calendar-of-iconic-athletic-events-302357929.html

SOURCE Life Time, Inc.

Posted on

Mullen Receives Expected Nasdaq Notice Regarding Delayed Form 10-K

Company expects to file 10-K on or before Jan. 31, 2025

BREA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — via IBN — Mullen Automotive Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle manufacturer, today announces that it received an expected notice (the “Notice”) from the Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended Sept. 30, 2024 (the “Form 10-K”), the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”), which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).

The Notice has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Capital Market. However, if the Company fails to timely regain compliance with the Listing Rule, the Company’s common stock will be subject to delisting from Nasdaq.

Under the Nasdaq rules, the Company has 60 days from the date of the Notice to either file the Form 10-K or to submit a plan to Nasdaq to regain compliance with Nasdaq’s listing rules. If a plan is submitted and accepted, the Company could be granted up to 180 days from the Form 10-K’s due date to regain compliance. If Nasdaq does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel.

While the Company can provide no assurances as to timing, the Company is working diligently to complete and file the Form 10-K and is expected to file on or before Jan. 31, 2025, or as soon as practicable (and within the 60-day period described above) to regain compliance with the Listing Rule.

About Mullen

Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles (“EVs”) with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. In September 2023, Mullen received IRS approval for federal EV tax credits on its commercial vehicles with a Qualified Manufacturer designation that offers eligible customers up to $7,500 per vehicle. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board (“CARB”) and EPA certified and available for sale in the U.S. Recently, CARB issued HVIP approval on the Mullen THREE, Class 3 EV truck, providing up to $45,000 cash voucher at time of vehicle purchase. The Company has also recently expanded its commercial dealer network to seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England and Mid-Atlantic markets.

To learn more about the Company, visit www.MullenUSA.com.

Forward-Looking Statements

Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended.  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.  Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements, including statement regarding the Company’s ability to regain and maintain compliance with the listing standards of Nasdaq; the timing of completion and filing of the Form 10-K; and the impact of these matters on the Company’s performance and outlook. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to risks related to the timely and correct completion of the Form 10-K; the risk that additional information may become known prior to the expected filing with the SEC of the Form 10-K or that other subsequent events may occur that would delay the filing of the Form 10-K; the ability to meet stock exchange continued listing standards; the possibility that the Nasdaq may delist the Company’s securities; risks related to our ability to implement and maintain effective internal control over financial reporting in the future, which may adversely affect the accuracy and timeliness of our financial reporting; and the impact of these matters on the Company’s performance and outlook.  Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the SEC. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.

Contact:
Mullen Automotive Inc.
+1 (714) 613-1900
www.MullenUSA.com

Corporate Communications

IBN

Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
[email protected]



Posted on

IIPR INVESTOR ALERT: Innovative Industrial Properties, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

PR Newswire


SAN DIEGO
, Jan. 22, 2025 /PRNewswire/ — The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Innovative Industrial Properties, Inc. (NYSE: IIPR) securities between February 27, 2024 and December 19, 2024, inclusive (the “Class Period”), have until March 18, 2025 to seek appointment as lead plaintiff of the Innovative Industrial Properties class action lawsuit. Captioned Giraudon v. Innovative Industrial Properties, Inc., No. 25-cv-00182 (D. Md.), the Innovative Industrial Properties class action lawsuit charges Innovative Industrial Properties and certain of Innovative Industrial Properties’ top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Innovative Industrial Properties class action lawsuit, please provide your information here:


https://www.rgrdlaw.com/cases-innovative-industrial-properties-class-action-lawsuit-iipr.html
 

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Innovative Industrial Properties is a self-advised Maryland corporation focused on the acquisition, ownership, and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities.

The Innovative Industrial Properties class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Innovative Industrial Properties was experiencing significant declines in rent and property-management fees in connection with certain customer leases; (ii) the foregoing would likely impair Innovative Industrial Properties’ ability to maintain funds from operations (“FFO”) and revenue growth; and (iii) accordingly, Innovative Industrial Properties’ leasing operations were less profitable than Innovative Industrial Properties had represented to investors.

The Innovative Industrial Properties class action lawsuit further alleges that on November 6, 2024, Innovative Industrial Properties reported its third quarter of 2024 financial results, disclosing normalized FFO per share of $2.02, missing the consensus estimate of $2.03 and declining from $2.09 in the same period in 2023, and revenue of $76.5 million, missing the consensus estimate of $77.5 million and declining from $77.8 million in the same period in 2023. The complaint alleges that Innovative Industrial Properties stated that the year-over-year decrease was due to a $3.0 million decline in contractual rent and property management fees in the third quarter related to properties that Innovative Industrial Properties regained possession of since June 2023; a decline of $1.3 million due to rent received but not recognized in rental revenues resulting from the re-classifications of two sales-type leases beginning January 1, 2024; and $1.3 million of contractually due rent and property management fees that were not collected during the current quarter. On this news, the price of Innovative Industrial Properties stock fell more than 10%, according to the complaint.

Then, on December 20, 2024, the Innovative Industrial Properties class action lawsuit alleges that Innovative Industrial Properties announced that on the previous day, PharmaCann Inc., the tenant for eleven properties that Innovative Industrial Properties owns – and the revenues from which represented 17% of Innovative Industrial Properties’ total rental revenues for the three and nine months ended September 30, 2024 – defaulted on its obligations to pay rent for the month of December under six of its eleven leases, for properties located in Illinois, Massachusetts, Michigan, New York, Ohio, and Pennsylvania. On this news, the price of Innovative Industrial Properties stock fell nearly 23%, according to the Innovative Industrial Properties class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Innovative Industrial Properties securities during the Class Period to seek appointment as lead plaintiff in the Innovative Industrial Properties class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Innovative Industrial Properties class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Innovative Industrial Properties class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Innovative Industrial Properties class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:


https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices. 

Contact:

Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/iipr-investor-alert-innovative-industrial-properties-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-302357814.html

SOURCE Robbins Geller Rudman & Dowd LLP

Posted on

Northern Trust Names Robert Moritz, Richard Petrino to Board of Directors

Northern Trust Names Robert Moritz, Richard Petrino to Board of Directors

CHICAGO–(BUSINESS WIRE)–
Northern Trust (Nasdaq: NTRS) announced today the appointments of Robert (Bob) Moritz and Richard (Rick) Petrino to its board of directors. Moritz, the former global chairman of PricewaterhouseCoopers (PwC), will join the Northern Trust Board of Directors effective March 1, 2025. Petrino, a former American Express Company executive, joins effective immediately.

“I am pleased to welcome Bob and Rick to the Northern Trust Board of Directors,” Chairman and Chief Executive Officer Michael O’Grady said. “They each bring strategic, global perspectives and deep financial expertise that will be highly relevant to Northern Trust as it continues to serve our clients as a trusted financial partner. I am confident their leadership will contribute to Northern Trust’s continued success.”

As PwC global chairman, Moritz led the international network’s leadership teams, set strategy, and enhanced the PwC brand through service to its stakeholders and clients. Prior to becoming global chairman in 2016, he served in a variety of leadership roles including U.S chairman and senior partner; U.S. Assurance leader and managing partner for the New York region; and leader of the U.S. Financial Services Audit and Business Advisory practice, which included the banking, capital markets, insurance, investment management, and real estate sectors. Moritz also spent three years with PwC Japan, providing audit and advisory services to European and U.S.-based financial services organizations in Asia.

Moritz is a member of the Walmart (NYSE: WMT) board of directors. He is a member of the International Business Council of the World Economic Forum and a director of the Oswego University Foundation, as well as a member of the board of Generation Unlimited.

Petrino held several leadership roles during his nearly three decades at American Express Company, most recently serving as chief operating officer of American Express National Bank, where he was a member of the American Express Executive Committee, responsible for steering the company’s strategic direction and key policies. Prior to that, Petrino’s roles included: executive vice president, corporate controller, and chief accounting officer; senior vice president, chief operational risk officer, and global head of oversight; and senior vice president and head of global capital markets, treasury.

In addition to his executive roles, Petrino was previously a member of the Global Business Travel Group [NYSE: GBTG] board of directors and the American Express National Bank board of directors.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2024, Northern Trust had assets under custody/administration of US$17.4 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Investor Contact:

Jennifer Childe

312-444-3290

[email protected]

Media Contact:

Doug Holt

312-662-8315

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Other Professional Services Personal Finance Finance Asset Management Consulting Banking Professional Services Business

MEDIA:

Logo
Logo
Posted on

Aurora Cannabis to Host Third Quarter 2025 Investor Conference Call

PR Newswire

NASDAQ | TSX: ACB


EDMONTON, AB
, Jan. 22, 2025 /PRNewswire/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian based leading global medical cannabis company, announced today that it has scheduled a conference call to discuss the results for its third quarter 2025 on Wednesday, February 5, 2025 at 8:00 a.m. Eastern Time | 6:00 a.m. Mountain Time. The Company will report its financial results for the third quarter 2025 before the opening of markets that same day.

Conference Call Details

DATE:

Wednesday, February 5, 2025

TIME:

8:00 a.m. Eastern Time | 6:00 a.m. Mountain Time

WEBCAST:



Click Here

Miguel Martin, Executive Chairman and Chief Executive Officer, and Simona King, Chief Financial Officer, will host the conference call and question and answer period. This weblink has also been posted to the Company’s “Investor Info” link at https://www.auroramj.com/investors/ under “Events”.

About Aurora Cannabis

Aurora is opening the world to cannabis, serving both the medical and consumer markets across Canada, Europe, Australia and South America. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company’s adult- use brand portfolio includes Drift, San Rafael ’71, Daily Special, Tasty’s, Being and Greybeard. Medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, IndiMed and CraftPlant. Aurora also has a controlling interest in Bevo Farms Ltd., North America’s leading supplier of propagated agricultural plants. Driven by science and innovation, and with a focus on high-quality cannabis products, Aurora’s brands continue to break through as industry leaders in the medical, wellness and adult recreational markets wherever they are launched. Learn more at www.auroramj.com and follow us on X and LinkedIn.

Aurora’s common shares trade on the NASDAQ and TSX under the symbol “ACB”.

Forward Looking Statements

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements“). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements made in this news release include, but are not limited to, statements regarding the timing for the release of the Company’s fiscal 2025 Q3 financial statements and the conference call to discuss the results.

These forward-looking statements are only predictions. Forward looking information or statements contained in this news release have been developed based on assumptions management considers to be reasonable. Material factors or assumptions involved in developing forward-looking statements include, without limitation, publicly available information from governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of this industry which the Company believes to be reasonable. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, the ability to retain key personnel, the ability to continue investing in infrastructure to support growth, the ability to obtain financing on acceptable terms, the continued quality of our products, customer experience and retention, the development of third party government and non-government consumer sales channels, management’s estimates of consumer demand in Canada and in jurisdictions where the Company exports, expectations of future results and expenses, the risk of successful integration of acquired business and operations (with respect to the Transaction and more generally with respect to future acquisitions), management’s estimation that SG&A will grow only in proportion of revenue growth, the ability to expand and maintain distribution capabilities, the impact of competition, the general impact of financial market conditions, the yield from cannabis growing operations, product demand, changes in prices of required commodities, competition, and the possibility for changes in laws, rules, and regulations in the industry, epidemics, pandemics or other public health crises and other risks, uncertainties and factors set out under the heading “Risk Factors” in the Company’s annual information from dated June 20, 2024 (the “AIF”) and filed with Canadian securities regulators available on the Company’s issuer profile on SEDAR+ at www.sedarplus.com and filed with and available on the SEC’s website at www.sec.gov. The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aurora-cannabis-to-host-third-quarter-2025-investor-conference-call-302357921.html

SOURCE Aurora Cannabis Inc.