Market Newsdesk

Vista Gold to Present at the Mining Forum Europe 2025 Conference

DENVER–(BUSINESS WIRE)–
Vista Gold Corp. (NYSE American and TSX: VGZ) announced today that Frederick H. Earnest, President and CEO of Vista, will be speaking at the Mining Forum Europe 2025 conference in Zurich, Switzerland. Mr. Earnest’s presentation is scheduled for Wednesday, April 2, at 1:10 pm Zurich time (5:10 a.m. MDT or 7:10 a.m. EDT). The session will be live-streamed and available for on-demand viewing starting Friday, April 4. It can be accessed on the Company’s website at www.vistagold.com. Additionally, Vista’s management team will host a series of meetings with institutional investors and others during the conference from March 31 to April 2, 2025.

Presentation Webcast Link:

https://europe.miningforum.com/member-webcast/3749/

About Vista Gold Corp.

Vista holds the Mt Todd gold project, a ready-to-build development-stage gold deposit located in the Tier-1 mining jurisdiction of Northern Territory, Australia. Vista is positioning Mt Todd as a leading development opportunity within the gold sector. Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility. All major environmental and operating permits necessary to commence development of Mt Todd are in place.

For further information about Vista or Mt Todd, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185 or visit the Company’s website at www.vistagold.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such things as the Company will be presenting at the Mining Forum Europe 2025 Conference; Vista’s management team will host a series of meetings with institutional investors and others during the conference from March 31 to April 2, 2025; the Company’s belief that Mt Todd is a ready-to-build development-stage gold deposit and that the Northern Territory, Australia is a Tier-1 jurisdiction; the Company’s belief that Mt Todd offers significant scale, development optionality, growth opportunities, advanced local infrastructure, community support, and demonstrated economic feasibility; the Company’s belief that all major environmental and operating permits necessary to commence development of Mt Todd are in place are forward-looking statements and forward-looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this news release include the following: the Company’s forecasts and expected cash flows; the Company’s projected capital and operating costs; the Company’s expectations regarding mining and metallurgical recoveries; mine life and production rates; that laws or regulations impacting mine development or mining activities will remain consistent; the Company’s approved business plans, mineral resource and reserve estimates and results of preliminary economic assessments; preliminary feasibility studies and feasibility studies on the Company’s projects, if any; the Company’s experience with regulators; political and social support of the mining industry in Australia; the Company’s experience and knowledge of the Australian mining industry and the Company’s expectations of economic conditions and the price of gold. When used in this news release, the words “optimistic,” “potential,” “indicate,” “expect,” “intend,” “hopes,” “believe,” “may,” “will,” “if,” “anticipate” and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of resource and reserve estimates, uncertainty as to the Company’s future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on the Company’s operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; uncertainty as to the results of bulk metallurgical test work; and uncertainty as to completion of critical milestones for Mt Todd; as well as those factors discussed under the headings “Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s latest Annual Report on Form 10-K as filed in February 2025, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements or forward-looking information whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328271675/en/

Pamela Solly

Vice President of Investor Relations

(720) 981-1185

www.vistagold.com

KEYWORDS: Switzerland Australia North America Canada Europe United States Africa Australia/Oceania Colorado

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

MEDIA:

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AstroNova Appoints Darius G. Nevin to Board of Directors

Seasoned Executive Brings Additional Financial Acumen and Governance Experience to Expanded Board

WEST WARWICK, R.I.–(BUSINESS WIRE)–
AstroNova, Inc. (Nasdaq: ALOT), a global leader in data visualization technologies, today announced that it has expanded its Board of Directors to six members with the appointment of Darius G. Nevin, effective immediately. A seasoned financial executive, Mr. Nevin, 67, will serve on the Audit Committee and Human Capital and Compensation Committee. He becomes the fifth independent member of the Board.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250327378976/en/

“Darius is an accomplished public company director and former senior executive whose financial acumen, governance background, and leadership experience make him an excellent addition to our Board,” said Richard S. Warzala, AstroNova’s Lead Independent Director. “His analytical insights, strategic vision and diverse business expertise are qualities that will help AstroNova drive value for its shareholders.”

Mr. Nevin served for nine years as Chief Financial Officer at then publicly traded Protection One, Inc., one of the largest security monitoring companies in the United States during his tenure. In this role, he was instrumental in orchestrating a comprehensive financial turnaround that significantly enhanced operational efficiency, culminating in the successful sale of the company.

Since 2016, he has served on the board of Alarm.com (Nasdaq: ALRM), a global leader in internet-of-things security and automation solutions. In 2022, Mr. Nevin joined the board of drug testing company Psychemedics Corporation, where he serves as Chairman. In addition, he served on the board of WCI Communities, Inc., a luxury homebuilder, from its initial public offering on the NYSE in 2013 until its sale in 2017.

Mr. Nevin received a bachelor’s degree from Harvard University and an M.B.A. from the University of Chicago Booth School of Business.

About AstroNova

AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes, and services a broad range of products that acquire, store, analyze, and present data in multiple formats.

The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Test and Measurement segment provides products designed for airborne printing solutions, avionics, and data acquisition. Our aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Our data acquisition systems are used in research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications.

AstroNova is a member of the Russell Microcap^® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting https://astronovainc.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250327378976/en/

Scott Solomon

Senior Vice President

Sharon Merrill Associates, Inc.

(857) 383-2409

[email protected]

KEYWORDS: United States North America Rhode Island

INDUSTRY KEYWORDS: Professional Services Data Analytics Technology Aerospace Manufacturing Software Hardware

MEDIA:

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AstroNova, Inc. (Nasdaq: ALOT) on March 28 announced that it has expanded its Board of Directors with the appointment of Darius G. Nevin. He becomes the fifth independent member of the six-member Board. [Photo: AstroNova]

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Rings Closing Bell at NYSE

Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions

SAN MATEO, Calif.–(BUSINESS WIRE)–
Franklin Limited Duration Income Trust [NYSE American: FTF]:

Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940

The Fund’s estimated sources of the distribution to be paid on March 31, 2025 and for the fiscal year 2025 year-to-date are as follows:

Estimated Allocations for March Monthly Distribution as of February 28, 2025:

Distribution Per Share	Net Investment Income	Net Realized Short-Term Capital Gains	Net Realized Long-Term Capital Gains	Return of Capital
$0.0615	$0.0380 (62%)	$0.00 (0%)	$0.00 (0%)	$0.0235 (38%)

Cumulative Estimated Allocations fiscal year-to-date as of February 28, 2025, for the fiscal year ending December 31, 2025:

Distribution Per Share	Net Investment Income	Net Realized Short-Term Capital Gains	Net Realized Long-Term Capital Gains	Return of Capital
$0.1230	$0.0842 (68%)	$0.00 (0%)	$0.00 (0%)	$0.0388 (32%)

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Fund’s Plan. FTF estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the FTF distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect FTF’s investment performance and should not be confused with ‘yield’ or ‘income’. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.

Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 2/28/2025)1	Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 2/28/2025)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)4
3.27%	10.66%	1.49%	1.78%

Fund Performance and Distribution Rate Information:

1.		Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through February 28, 2025. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2.		The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through February 28, 2025.
3.		Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2024 through February 28, 2025, assuming reinvestment of distributions paid.
4.		The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period (December 31, 2024 through February 28, 2025), as a percentage of the Fund’s NAV as of February 28, 2025.

The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan (the “Plan”) pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of $0.0615 per share. The Plan is intended to provide shareholders with consistent distributions each month and is intended to narrow the discount between the market price and the net asset value (“NAV”) of the Fund’s common shares, but there can be no assurance that the Plan will be successful in doing so. The Fund is managed with a goal of generating as much of the distribution as possible from net ordinary income and short-term capital gains, that is consistent with the Fund’s investment strategy and risk profile. To the extent that sufficient distributable 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. A return of capital may occur, for example, when some or all of the money that was invested in the Fund is paid back to shareholders. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. Even though the Fund may realize current year capital gains, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years.

The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan will be subject to the periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made.

For further information on Franklin Limited Duration Income Trust, please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.58 trillion in assets under management as of February 28, 2025. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328054454/en/

For more information, please contact Franklin Templeton at 1-800-342-5236.

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

Posted on March 28, 2025 12:41 pm

Templeton Dragon Fund, Inc. (“TDF”) Announces Notification of Sources of Distributions

Templeton Dragon Fund, Inc. (“TDF”) Announces Notification of Sources of Distributions

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–
Templeton Dragon Fund [NYSE: TDF]

Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940

The Fund’s estimated sources of the distribution to be paid on March 31, 2025, and for the fiscal year 2024 year-to-date are as follows:

Estimated Allocations for March Quarterly Distribution:

Distribution Per Share	Net Investment Income	Net Realized Short-Term Capital Gains	Net Realized Long-Term Capital Gains	Return of Capital
$0.1000	$0.0851 (85%)	$0.0149 (15%)	$0.00 (0%)	$0.00 (0%)

Cumulative Estimated Allocations fiscal year-to-date as of December 31, 2024, and for the fiscal year ending December 31, 2024:

Distribution Per Share	Net Investment Income	Net Realized Short-Term Capital Gains	Net Realized Long-Term Capital Gains		Return of Capital
$0.1155	$0.0908 (79%)	$0.00 (0%)	$0.00 (0%)		$0.0247(21%)

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Plan. TDF estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the TDF distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect TDF’s investment performance and should not be confused with ‘yield’ or ‘income’. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.

Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 2/28/2025)1	Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 2/28/2025)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)4
-3.97%	3.56%	8.29%	1.02%

Fund Performance and Distribution Rate Information:

1. Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through February 28, 2025. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2. The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through February 28, 2025.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2024 through February 28, 2025, assuming reinvestment of distributions paid.
4. The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period December 31, 2023 through December 31, 2024, as a percentage of the Fund’s NAV as of February 28, 2025.

The Fund’s Board of Trustees (the “Board”) has authorized a Managed Distribution Plan (the “Plan”), under which the Fund will make quarterly distributions to shareholders at a fixed rate of $0.10 per share. The Plan aims to provide shareholders with consistent quarterly distributions derived from ordinary income and short-term capital gains generated by the Fund’s investment portfolio. Additionally, the Plan seeks to narrow the discount between the market price and the net asset value (“NAV”) of the Fund’s common shares, although success in this regard cannot be guaranteed.

In the event that sufficient distributable income is not available on a quarterly basis, the Fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution rate. A return of capital may occur when some or all of the invested capital is paid back to shareholders. It is important to note that a return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” Even if the Fund realizes capital gains in the current year, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years.

The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan will be subject to periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made.

For further information on Templeton Emerging Markets Income Fund, please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.58 trillion in assets under management as of February 28, 2025. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328009246/en/

For more information, please contact Franklin Templeton at 1-800-342-5236.

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

Posted on March 28, 2025 12:40 pm

Templeton Emerging Markets Fund (“EMF”) Announces Notification of Sources of Distributions

Templeton Emerging Markets Fund (“EMF”) Announces Notification of Sources of Distributions

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–
Templeton Emerging Markets Fund [NYSE: EMF]

Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940

The Fund’s estimated sources of the distribution to be paid on March 31, 2025 and for the fiscal year 2025 year-to-date are as follows:

Estimated Allocations for March Quarterly Distribution:

Distribution Per Share	Net Investment Income	Net Realized Short-Term Capital Gains	Net Realized Long-Term Capital Gains	Return of Capital
$0.2200	$0.00 (0%)	$0.0602 (27%)	$0.00 (0%)	$0.1598 (73%)

Cumulative Estimated Allocations fiscal year-to-date as of December 31, 2024, for the fiscal year ending August 31, 2025:

Distribution Per Share	Net Investment Income	Net Realized Short-Term Capital Gains	Net Realized Long-Term Capital Gains	Return of Capital
$0.5114	$0.00 (0%)	$0.3623 (71%)	$0.00 (0%)	$0.1491 (29%)

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Fund’s Plan. EMF estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the EMF distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect EMF’s investment performance and should not be confused with ‘yield’ or ‘income’. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV to shareholders for the calendar year that will describe how to report the Fund’s distributions for federal income tax purposes.

Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 2/28/2025)1	Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 2/28/2025)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 2/28/2025)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 2/28/2025)4
4.08%	5.91%	4.26%	3.43%

Fund Performance and Distribution Rate Information:

1. Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through February 28, 2025. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2. The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through February 28, 2025.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from August 31, 2024 through February 28, 2025, assuming reinvestment of distributions paid.
4. The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period (August 31, 2024 through December 31, 2024), as a percentage of the Fund’s NAV as of February 28, 2025.

The Fund’s Board of Trustees (the “Board”) has authorized a Managed Distribution Plan (the “Plan”), under which the Fund will make quarterly distributions to shareholders at a fixed rate of $0.22 per share. The Plan aims to provide shareholders with consistent quarterly distributions derived from ordinary income and short-term capital gains generated by the Fund’s investment portfolio. Additionally, the Plan seeks to narrow the discount between the market price and the net asset value (“NAV”) of the Fund’s common shares, although success in this regard cannot be guaranteed.

In the event that sufficient distributable income is not available on a quarterly basis, the Fund will distribute long-term capital gains and/or return of capital to maintain its managed distribution rate. A return of capital may occur when some or all of the invested capital is paid back to shareholders. It is important to note that a return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” Even if the Fund realizes capital gains in the current year, such gains may be offset, in whole or in part, by the Fund’s capital loss carryovers from prior years.

The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan will be subject to periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made.

For further information on Franklin Limited Duration Income Trust, please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.58 trillion in assets under management as of February 28, 2025. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328511366/en/

Franklin Templeton

1-800-342-5236

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

Posted on March 28, 2025 12:33 pm

Converge to Leverage Ribbon’s AI-Enabled Data Transmission Technology for its Nationwide Network

PR Newswire

MANILA, Philippines
, March 28, 2025 /PRNewswire/ — Leading fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG) is enhancing its nationwide fiber network with an advanced data transmission technology from NASDAQ-listed Ribbon Communications Inc. (NASDAQ: RBBN) to strengthen its network in response to the growing need for high-speed, low-latency, and reliable connectivity.

Converge will leverage Ribbon’s advanced Muse Multilayer Automation Platform (MAP) designed to maximize the value of IP Optical network investments through comprehensive control, analysis, design, and planning applications. Its powerful low-code automation and customization engines allow Converge to optimize its resources and maintain peak network performance. Converge is accelerating its network automation journey by leveraging Ribbon’s Muse platform and AI capabilities.

“We are planning important developments in the products and services we offer to our customers, and it’s vital that our infrastructure can support these. Adopting this new technology is essential for effectively managing large amounts of data from IoT applications, cloud services, and future innovations,” said Converge CEO and Co-Founder Dennis Anthony Uy.

“We are delighted to support Converge in enhancing their network, which has been acknowledged as one of the most advanced in the Philippines. Our cutting-edge technology delivers exceptional performance, enabling companies like Converge to even strengthen their competitive advantage,” said Ribbon Communications CEO and President Bruce McClelland.

This collaboration expands nationwide the initial tie up between Converge and Ribbon to integrate the US firm’s cutting-edge 5 nanometer (nm) – 140Gbaud transmission chipset, which boosts the firm’s network capacity to 1.2 Terabits per second (Tbps). This technology was first rolled out in the metro and regional sites of Converge across North and Central Luzon.

Now, the said optical transmission solution will be implemented throughout the rest of the network infra sites of Converge across the country, bringing about substantial improvements in the company’s overall data transmission capacity and operational efficiency nationwide.

Uy highlighted that deploying this technology will ensure that their fiber network is equipped to support next-generation services such as high-speed broadband, cloud applications, and enterprise solutions.

Ribbon Communications Inc., based in Texas, is a global leader in real-time communications technology and IP optical networking solutions, helping many large service providers and enterprises modernize and secure their networks.

ABOUT CONVERGE ICT SOLUTIONS, INC.
Converge Information and Communications Technology Solutions, Inc. (PSE:CNVRG) is the fastest-growing fixed broadband service provider in the Philippines. It is the first to run an end-to-end pure fiber internet network in the country, providing Filipinos simple, fast, and reliable connectivity. Aside from broadband services, Converge also offers integrated data center and network solutions services.

With over 705,000 kilometers of fiber optic assets nationwide, it has one of the most extensive fiber networks in the Philippines.

With this fiber-powered network, Converge provides premium world-class digital experience for residential, enterprise, and wholesale customers.

Go to https://www.convergeict.com for more information.

About Ribbon

Ribbon Communications (Nasdaq: RBBN) delivers secure cloud communications and IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our end-to-end portfolio of communications software and IP Optical networking solutions delivers superior value and innovation by leveraging cloud-native architectures, automation and analytics tools, and leading-edge security.  We maintain a keen focus on our commitments to Environmental, Social, and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com

Important Information Regarding Forward-Looking Statements  
The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected benefits from use of Ribbon Communication’s products, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications’ business, please refer to the “Risk Factors” section of Ribbon Communications’ most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications’ views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

Investor Contact 
+1 (978) 614-8050
[email protected]

Media Contact

Catherine Berthier

+1 (646) 741-1974
[email protected] 

View original content to download multimedia:https://www.prnewswire.com/news-releases/converge-to-leverage-ribbons-ai-enabled-data-transmission-technology-for-its-nationwide-network-302414482.html

SOURCE Ribbon Communications Inc.

Posted on March 28, 2025 12:33 pm

Wolfspeed Provides Update on Steps to Strengthen Capital Structure

Wolfspeed Provides Update on Steps to Strengthen Capital Structure

Announces Receipt of $192 million in Section 48D Cash Tax Refunds from IRS

Reaffirms Fiscal Third Quarter 2025 Guidance and Current Cash Balance

Continues Active Discussions with Lenders, Including Apollo & Renesas

Remains in Dialogue with U.S. Department of Commerce

DURHAM, N.C.–(BUSINESS WIRE)–
Wolfspeed, Inc. (NYSE: WOLF) today announced that the Company has received $192.1 million in cash tax refunds from the advanced manufacturing tax credit under Section 48D. Funds include $186.5 million owed to the Company for both fiscal 2023 and fiscal 2024 taxes, as well as accrued interest. This announcement reflects a portion of the approximately $1 billion total Section 48D cash tax refunds that the Company expects to receive. As of the end of the second quarter of fiscal 2025, the Company had accrued a total of $865 million in Section 48D tax credits. The Company expects receipt of more than $600 million in cash tax refunds in fiscal year 2026. Wolfspeed intends to use the tax credit proceeds to strengthen its capital structure and for general corporate purposes. The Company expects that its cash balance at the end of its fiscal third quarter of 2025 will be approximately $1.3 billion, inclusive of these recently received 48D cash tax credits.

Reaffirming Guidance:

The Company is reaffirming its business outlook for the third quarter of fiscal 2025 as follows:

• Revenue from continuing operations of $170 million to $200 million
• Non-GAAP gross margin of (3)% to 7%
• Non-GAAP operating expenses of $99 million to $104 million
• GAAP net loss of $(295) million to $(270) million, or $(1.89) to $(1.73) per diluted share
• Non-GAAP net loss of $(138) million to $(119) million, or $(0.88) to $(0.76) per diluted share

In addition, the Company is also reaffirming the guidance that it issued in its Form 8-K filed on March 7, 2025:

• Fiscal 2026 capital expenditures of approximately $150 million to $200 million
• Fiscal 2027 capital expenditures of approximately $30 million to $50 million
• Adjusted EBITDA break-even point of $800 million of annual revenue upon completion of the operational simplifications, additional restructuring actions, including the closure of North Carolina Fab, and other cost reduction initiatives
• $200 million of unlevered operating cash flow in fiscal 2026 based on targeted fiscal 2026 revenue growth
• Positive levered free cash flow in fiscal 2027 following completion of refinancing transactions

Wolfspeed continues to explore alternatives with regard to its convertible notes, in partnership with its advisors, and remains in a dialogue with lenders, including Apollo and Renesas. The Company also maintains constructive dialogue with the White House, its legislators, and the U.S. Department of Commerce to secure federal funding and on ways Wolfspeed can support the Trump Administration’s efforts to reinforce U.S. industrial leadership in semiconductors, secure domestic supply chains, and reshore the manufacturing of critical mineral derivatives, including semiconductor wafers.

About Wolfspeed, Inc.

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of silicon carbide technologies that power the world’s most disruptive innovations. As the pioneers of silicon carbide, and creators of the most advanced semiconductor technology on earth, we are committed to powering a better world for everyone. Through silicon carbide material, Power Modules, Discrete Power Devices and Power Die Products targeted for various applications, we will bring you The Power to Make It Real.^TM Learn more at www.wolfspeed.com.

Non-GAAP Financial Measures:

This press release provides certain guidance on Wolfspeed’s financial results on both a GAAP and a non-GAAP basis. The GAAP results include certain costs, charges and expenses that are excluded from non-GAAP results. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures to their most directly comparable GAAP measures attached to the press release dated January 29, 2025 and available on Wolfspeed’s website at https://investor.wolfspeed.com/events-and-presentations/default.aspx.

Forward Looking Statements:

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated in the forward-looking statements. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about its strategic plans and priorities, its ability to achieve its targets for the third quarter of fiscal 2025 and periods beyond, its financial and operational performance and its ability to reduce costs, optimize its capital structure, access funding and achieve profitability. Actual results could differ materially due to a number of factors, including but not limited to, ongoing uncertainty in global economic and geopolitical conditions, such as the ongoing military conflict between Russia and Ukraine and the ongoing conflicts in the Middle East, changes in progress on infrastructure development or changes in customer or industrial demand that could negatively affect product demand, including as a result of an economic slowdown or recession, collectability of receivables and other related matters if consumers and businesses defer purchases or payments, or default on payments; risks associated with its expansion plans, including design and construction delays, cost overruns, the timing and amount of government incentives actually received, including, among other things, any direct grants and tax credits, issues in installing and qualifying new equipment and ramping production, poor production process yields and quality control, and potential increases to its restructuring costs; Wolfspeed’s ability to obtain additional funding, including, among other things, from government funding, public or private equity offerings, or debt financings, on favorable terms and on a timely basis, if at all; its ability to take certain actions with respect to its capital and debt structure, including issuing the full amount of senior notes under its agreements with its lenders and restructuring or refinancing its convertible notes; the risk that Wolfspeed does not meet its production commitments to those customers who provide it with capacity reservation deposits or similar payments; the risk that Wolfspeed may experience production difficulties that preclude it from shipping sufficient quantities to meet customer orders or that result in higher production costs, lower yields and lower margins; its ability to lower costs; the risk that Wolfspeed’s results will suffer if it is unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand or scaling back its manufacturing expenses or overhead costs quickly enough to correspond to lower than expected demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor’s products instead; product mix; risks associated with the ramp-up of production of Wolfspeed’s new products, and its entry into new business channels different from those in which Wolfspeed has historically operated; the ability to convert customer design-ins to design-wins and sales of significant volume, and, if customer design-in activity does result in such sales, when such sales will ultimately occur and what the amount of such sales will be; the risk that the markets for Wolfspeed’s products will not develop as it expects, including the adoption of its products by electric vehicle manufacturers and the overall adoption of electric vehicles; the risk that the economic and political uncertainty caused by the tariffs imposed by the United States on Chinese goods, and corresponding Chinese tariffs and currency devaluation in response, may continue to negatively impact demand for its products; the risk that Wolfspeed or its channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, including production and product mix, which can result in increased inventory and reduced orders as Wolfspeed experiences wide fluctuations in supply and demand; risks related to international sales and purchases; risks resulting from the concentration of its business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that Wolfspeed’s investments may experience periods of significant market value and interest rate volatility causing it to recognize fair value losses on its investment; the risk posed by managing an increasingly complex supply chain (including managing the impacts of supply constraints in the semiconductor industry and meeting purchase commitments under take-or-pay arrangements with certain suppliers) that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; risks relating to outbreaks of infectious diseases or similar public health events, including the risk of disruptions to Wolfspeed’s operations, supply chain, including its contract manufacturers, or customer demand; the risk Wolfspeed may be required to record a significant charge to earnings if its remaining goodwill or amortizable assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; Wolfspeed’s ability to complete development and commercialization of products under development; the rapid development of new technology and competing products that may impair demand or render its products obsolete; the potential lack of customer acceptance for its products; risks associated with ongoing litigation; the risk that customers do not maintain their favorable perception of Wolfspeed’s brand and products, resulting in lower demand for its products; the risk that its products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs; risks associated with strategic transactions; the risk that Wolfspeed is not able to successfully execute or achieve the potential benefits of its efforts to enhance its value; and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission (SEC), including its report on Form 10-K for the fiscal year ended June 30, 2024, and subsequent reports filed with the SEC. These forward-looking statements represent Wolfspeed’s judgment as of the date of this release. Except as required under the United States federal securities laws and the rules and regulations of the SEC, Wolfspeed disclaims any intent or obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328806681/en/

Tyler Gronbach

Wolfspeed, Inc.

Vice President of External Affairs

Phone: 919-407-4820

[email protected]

Media Relations:

Bridget Johnson

Head of Corporate Marketing and Communications

Phone: 919-407-6651

[email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Technology Other Defense Semiconductor Automotive Manufacturing Manufacturing Alternative Energy Energy Science Defense

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ServisFirst Bancshares, Inc. to Announce First Quarter 2025 Financial Results April 21^st

BIRMINGHAM, Ala.–(BUSINESS WIRE)–
ServisFirst Bancshares, Inc. (NYSE: SFBS) is scheduled to announce earnings and operating results for the quarter ended March 31, 2025 on April 21, 2025 at 4 p.m. ET. The news release will be available at www.servisfirstbancshares.com.

ServisFirst Bancshares, Inc. will host a live audio webcast to discuss earnings and results on Monday, April 21, 2025 beginning at 5:15 p.m. ET. The audio webcast can be accessed at www.servisfirstbancshares.com. A replay of the call will be available until April 30, 2025.

About ServisFirst Bancshares, Inc.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, and Virginia. Through the bank, we originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions.

ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbancshares.com.

More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbancshares.com or by calling (205) 949-0302.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250328181704/en/

ServisFirst Bank

Davis Mange (205) 949-3420

[email protected]

KEYWORDS: United States North America Alabama

INDUSTRY KEYWORDS: Finance Banking Accounting Professional Services Other Professional Services

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