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PotlatchDeltic Scheduled to Release Second Quarter 2025 Earnings on July 28, 2025

PotlatchDeltic Scheduled to Release Second Quarter 2025 Earnings on July 28, 2025

SPOKANE, Wash.–(BUSINESS WIRE)–
PotlatchDeltic Corporation (Nasdaq: PCH) will release second quarter earnings on Monday, July 28, after the market closes. The company will hold a live conference call and webcast on Tuesday, July 29 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results.

Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international callers. Participants will be asked to provide conference I.D. number 7281983.

A replay of the conference call will be available two hours following the call until August 5, 2025, by calling 1-800-770-2030 for U.S./Canada or 1-609-800-9909 for international callers. Callers must enter conference I.D. number 7281983 to access the replay.

About PotlatchDeltic

PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) with ownership of 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to corporate responsibility. More information can be found at www.potlatchdeltic.com.

(INVESTORS)

Wayne Wasechek

509-835-1521

(MEDIA)

Anna Torma

509-835-1558

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Forest Products Construction & Property Natural Resources REIT

MEDIA:

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APA Corporation Releases 2025 Sustainability Publications

HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today released its sustainability publications highlighting progress in environmental stewardship, social responsibility and corporate governance throughout 2024. This year, APA simplified its reporting into two complementary documents. Our Approach to Sustainability details the ongoing sustainability programs and initiatives. The 2025 Sustainability Progress Report contains progress on 2024 goals, yearly highlights, key performance data and new goals for 2025. To explore the publications, visit https://apacorp.com/sustainability.

“Our sustainability progress is tangible,” said APA CEO John J. Christmann IV. “APA has taken meaningful steps to reduce greenhouse gas emissions, minimize freshwater usage, and protect sensitive ecosystems. We remain committed to a strong safety culture and responsible operations. We are proud to share our 2024 highlights in the pages of our progress report.”

Highlights from the 2025 Sustainability Progress Report include:

  • Air – As industry partners, APA focuses on reducing emissions by setting goals, sharing knowledge, and delivering commitments. The company exceeded its goal to eliminate at least 1 million tonnes of annualized carbon dioxide equivalent (CO2e) emissions between 2021 and 2024, completing over 50 global projects that eliminated 1.24 million tonnes of annualized CO2e emissions.
  • Water – APA aims to minimize freshwater use by recycling produced water, sourcing alternatives, and reducing overall water requirements for its operations. Ninety-seven percent of the global water use was produced water and brackish, nonfresh water.
  • People – As an organization, APA is committed to the health and safety of its employees, contractors and people in the communities where it operates. APA achieved or exceeded all corporate safety targets in 2024, including its lowest global Total Recordable Incident Rate (TRIR) in company history at 0.16.
  • Community – In efforts to continue building a sustainable future, APA continues its work across three focus areas of community well-being, energy poverty and conservation. In 2024, APA spent 44% of its operating area’s budgets with local suppliers and contractors.

About APA

APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.

Contacts

Investor: (281) 302-2286
Media: (713) 296-7276
Website: www.apacorp.com

APA-G



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FCA US Reports Second-quarter 2025 US Sales Results

PR Newswire


AUBURN HILLS, Mich.
, July 1, 2025 /PRNewswire/ — 

  • Ram brand’s total sales increase 5% in Q2
  • Ram 1500 total sales increase 17% in Q2
  • Ram ProMaster van retail sales increase 20% in Q2
  • All Ram nameplates up at retail year over year in Q2: Ram 1500 (68%), Ram 2500 (1%), Chassis Cab (20%)
  • Ram brand announced the return of its HEMI® V-8 last month, receives over 10,000 orders in the first 24 hours
  • Ram brand introduced its new 10-year/100,000-mile limited powertrain warranty
  • Jeep® brand total sales increase 1% year over year in Q2
  • Jeep Wrangler total sales increase 23% year over year in Q2
  • Jeep Wrangler 4xe sees best April month since vehicle’s introduction in 2021
  • Jeep Gladiator total sales increase 27% year over year in Q2
  • Jeep Grand Cherokee retail sales increase 5% year over year in Q2; Jeep Grand Cherokee is the No. 1 selling full-size UV, leading in segment loyalty and one of the best-selling PHEVs in U.S.
  • Jeep Compass total sales increase 4% year over year in Q2
  • Jeep brand reveals images of the all-new Jeep Cherokee, coming later this year
  • Dodge Durango total sales increase 16%, retail sales increase 36%
  • Four-door Dodge Charger Daytona sedan to join two-door Charger Daytona coupe in 2026 model-year Charger Daytona lineup
  • Chrysler minivan (Pacifica and Voyager) retail sales increase 1% in Q2, retail sales increase 5% CYTD (H1) year over year
  • Chrysler brand celebrated its 100th anniversary on June 6, launches special 100th Anniversary Pacifica buzz model to commemorate the milestone
  • Fiat brand up 25% in Q2 year over year
  • Fiat 500e up 109% in Q2 year over year
  • Stellantis has three of the top 5-selling PHEVs in the U.S.: Jeep Wrangler 4xe at No. 1; Jeep Grand Cherokee 4xe at No. 3 and the Chrysler Pacifica Hybrid at No. 5 (*Source: S&P Global Mobility U.S. State Registrations database through April 30, 2025)

FCA US LLC reports total sales of 309,973 vehicles in the second quarter of 2025. Overall, total U.S. sales declined 10% year over year.

“We continue to see total sales growth for Jeep® and Ram brands, with Ram fueled by sales of the Ram 1500,” said Jeff Kommor, head of U.S. sales. “We plan to build on that success in the second half of the year. We’ve already seen consumer interest spurred by the return of the HEMI® V-8, with the brand receiving over 10,000 orders in the first 24 hours of the June announcement. Jeep is also seeing momentum with a total sales increase of 1% year over year, the brand revealed the first images of the new Jeep Cherokee in the important mid-size SUV segment, arriving later this year, and the brand’s Jeep Wrangler 4xe sales scored its best April monthly sales to date.”

The following brands/nameplates saw Q2 2025 over Q1 2025 total and retail sales growth:

  • Jeep brand total sales increased 6% in Q2 over Q1
  • Jeep Wrangler total sales increased 26% in Q2 over Q1
  • Jeep Wrangler 4xe sales increase 38% in Q2 over Q1
  • Jeep Grand Cherokee total sales increased 6% in Q2 over Q1
  • Jeep Grand Cherokee 4xe total sales increased 8% in Q2 over Q1
  • Jeep Gladiator total sales increased 11% in Q2 over Q1
  • Jeep Wagoneer S total sales increased 41% in Q2 over Q1
  • Ram brand total sales up 18% quarter over quarter 
  • Ram 1500 total sales increased 10% in Q2 over Q1
  • Ram HD (2500, 2500 and Chassis Cab) total sales increased 32%
  • Ram ProMaster van total sales increased 4% in Q2 over Q1
  • Ram fleet increased 57% Q2 over Q1
  • Dodge Charger Daytona total sales increased 21% in Q2 versus Q1 (vehicle began arriving in dealerships in Q4 2024)
  • Dodge Charger Daytona Scat Pack, the world’s quickest and most powerful muscle car, will be available in both four-door sedan and two-door coupe options for the 2026 model year
  • Dodge Durango total sales increased 51% in Q2 over Q1

H1 2025 year-over-year growth:

  • Ram’s total sales in H1 2025 increased 2% over H1 2024; retail sales increased 25% year over year
  • Ram’s monthly retail sales ahead of prior year every month of H1: Jan 20%, Feb 15%, March 14%, April 57%, May 39%, June 15%
  • Ram 1500 total sales up 2% in H1; retail sales increased 37% in H1 year over year
  • Ram ProMaster van total sales increased 40% in H1
  • Jeep brand’s totals sales in H1 2025 increased 2% over H1 2024
  • Jeep Wrangler total sales increased 11% over H1 2024
  • Jeep Gladiator total sales increased 8% over H1 2024
  • Jeep Compass total sales increased 10% over H1 2024
  • Jeep Grand Cherokee retail sales up 9% over H1 2024
  • Chrysler minivan (Pacifica and Voyager) retail sales up 5% over H1 2024
  • Dodge Durango total sales increased 2% and retail sales up 47% over H1 2024
  • Fiat 500e total sales increased 286% over H1 2024

The Ram brand announced the return of its HEMI V-8 last month and its return to the NASCAR CRAFTSMAN Truck Series. Ram also introduced a new 10-year/100,000-mile limited powertrain warranty covering 2026 model-year Ram 1500, Ram 2500, Ram 3500, Ram Chassis Cab 3500/4500/5500 and Ram ProMaster vans sold in the United States, including the high-performance Ram RHO and Ram Power Wagon.

The Jeep brand recently launched new marketing campaigns around new summer movies “Mission: Impossible – The Final Reckoning” and “Jurassic World Rebirth,” and revealed images of the all-new Jeep Cherokee.

The Chrysler brand celebrated its 100th anniversary on June 6 and is marking the historical occasion with events throughout the summer. The brand revealed a special 100th Anniversary Pacifica buzz model to commemorate the milestone and has rolled out a seven-part social media series celebrating Chrysler’s 100-year history.

FCA US LLC is a North American automaker based in Auburn Hills, Michigan. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The company also distributes Mopar and Alfa Romeo parts and accessories. FCA US LLC is a subsidiary of Stellantis N.V. 


For the methodology of determining FCA US LLC monthly sales click here. Forward-looking statements are based on current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: volatility and deterioration of capital and financial markets, changes in commodity prices, changes in general economic conditions, economic growth and other changes in business conditions, weather, floods, earthquakes or other natural disasters, changes in government regulation, production difficulties, including capacity and supply constraints, and many other risks and uncertainties, most of which are outside of our control.


U.S. Fleet business includes three channels: rental, governmental and commercial.

Stellantis North America

Stellantis (NYSE: STLA) is a leading global automaker, dedicated to giving its customers the freedom to choose the way they move, embracing the latest technologies and creating value for all its stakeholders. Its unique portfolio of iconic and innovative brands includes Chrysler, Dodge//SRT, Jeep®, Ram, Alfa Romeo, FIAT and Maserati. In 2025, the company celebrates 100 years of influencing culture and contributing to the history of the automotive industry in the U.S. and Canada. For more information, visit www.stellantis.com.

Follow company news and video on:

Company blog: http://blog.stellantisnorthamerica.com
Media website: http://media.stellantisnorthamerica.com
LinkedIn: https://www.linkedin.com/company/Stellantis
Facebook: https://www.facebook.com/StellantisNA
Instagram: https://www.instagram.com/stellantisna
X: @StellantisNA
YouTube: http://youtube.com/StellantisNA 


FCA US LLC Sales Summary Q2 2025


Q2 Sales


Vol %


CYTD Sales


Vol %


Model


Curr Yr


Pr Yr


Change


Curr Yr


Pr Yr


Change

Compass

23,104

22,195

4 %

54,834

49,842

10 %

Patriot

1

0

1

0

Wrangler

47,669

38,896

23 %

85,613

77,204

11 %

Gladiator

13,343

10,489

27 %

25,400

23,478

8 %

Cherokee

101

969

-90 %

257

2,165

-88 %

Grand Cherokee

51,203

52,296

-2 %

99,668

106,751

-7 %

Renegade

220

1,563

-86 %

590

7,326

-92 %

Wagoneer

8,216

16,712

-51 %

13,616

29,843

-54 %

Wagoneer S

3,668

22

16573 %

6,263

22

28368 %

Grand Wagoneer

1,307

4,005

-67 %

3,156

7,555

-58 %


JEEP BRAND


148,832


147,147


1 %


289,398


304,186


-5 %

Ram LD PU

51,848

44,405

17 %

98,915

97,436

2 %

Ram HD PU

43,624

45,704

-5 %

75,405

82,090

-8 %


TOTAL Ram PU


95,472


90,109


6 %


174,320


179,526


-3 %

ProMaster Van

15,144

15,369

-1 %

29,663

21,222

40 %

ProMaster City

0

7

-100 %

1

45

-98 %


RAM BRAND


110,616


105,485


5 %


203,984


200,793


2 %

300

147

1,998

-93 %

488

3,691

-87 %

Voyager

5,102

0

7,421

0

Pacifica

17,926

37,768

-53 %

50,335

70,882

-29 %


CHRYSLER BRAND


23,175


39,766


-42 %


58,244


74,572


-22 %

Dart

0

0

0

0

Viper

0

0

0

1

Hornet

1,539

4,299

-64 %

5,647

11,718

-52 %

Charger

575

16,216

-96 %

1,630

26,876

-94 %

Charger BEV

2,352

0

4,299

0

Challenger

579

11,480

-95 %

1,501

21,217

-93 %

Journey

3

0

4

0

Caravan

1

0

1

2

-50 %

Durango

20,698

17,792

16 %

34,399

32,921

4 %


DODGE  BRAND


25,747


49,787


-48 %


47,481


92,735


-49 %

500

340

163

109 %

788

204

286 %

500L

0

0

0

0

500X

53

153

-65 %

127

266

-52 %

Spider

1

0

1

0


FIAT BRAND


394


316


25 %


916


470


95 %

Giulia

341

656

-48 %

882

1,296

-32 %

Alfa 4C 

0

0

0

0

Stelvio

440

949

-54 %

1,126

1,866

-40 %

Tonale

431

887

-51 %

1,156

1,615

-28 %


ALFA ROMEO


1,212


2,492


-51 %


3,164


4,777


-34 %


FCA US LLC


309,976


344,993


-10 %


603,188


677,533


-11 %

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fca-us-reports-second-quarter-2025-us-sales-results-302496258.html

SOURCE FCA US LLC

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BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2025 and Update on NYSE Delisting

BP Prudhoe Bay Royalty Trust Announces No Unit Payment for the Second Quarter of 2025 and Update on NYSE Delisting

HOUSTON–(BUSINESS WIRE)–
BP Prudhoe Bay Royalty Trust (NYSE: BPT) announced that Unit holders of record on July 15, 2025 will not receive a dividend payment for the quarter ended June 30, 2025. As provided in the Trust Agreement, a quarterly royalty payment by Hilcorp North Slope, LLC to the Trust is the sum of the individual revenues attributed to the Trust as calculated each day during the quarter. The amount of revenue is determined by multiplying Royalty Production for each day in the calendar quarter by the Per Barrel Royalty for that day. Pursuant to the Trust Agreement, the Per Barrel Royalty for any day is the WTI Price for the day less the sum of (i) Chargeable Costs multiplied by the Cost Adjustment Factor and (ii) Production Taxes.

For the three months ended June 30, 2025, the Per Barrel Royalty was calculated based on the following information:

Average WTI Price

                  

$

63.95

 

Average Adjusted Chargeable Costs

                  

$

99.63

 

Average Production Taxes

                  

$

2.15

 

Average Per Barrel Royalty

                  

$

(37.83

)

Average Net Production (mb/d)

                  

 

63.3

 

The average daily closing WTI price was below the “break-even” price for the quarter, resulting in a negative value for the payment calculation for the quarter. However, as provided in the Trust Agreement, the payment with respect to the Royalty Interest for any calendar quarter may not be less than zero.

As previously disclosed, the Trust terminated at 11:59 PM on December 31, 2024, and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), has commenced the process of winding up the affairs of the Trust. The Trustee cannot predict when the wind-up of the Trust will be completed.

Delisting from NYSE

The Trust also announced that on June 30, 2025, it had received notification from the New York Stock Exchange (“NYSE”) of its determination to suspend trading of the Trust’s units of beneficial interest (the “Units”), effective as of the close of trading on June 30, 2025, and to initiate proceedings to delist the Units. The determination to commence the delisting proceeding results from the Trust’s inability to satisfy the continued listing compliance standards set forth under Rule 802.01C of the NYSE Listed Company Manual because the average closing price of the Units fell below $1.00 over a 30 consecutive trading-day period that ended on December 30, 2024, and the Trust was unable to regain compliance with the applicable standards within a cure period that concluded on June 30, 2025.

As a result of the suspension, the Units began trading on July 1, 2025, under the symbol “BPPTU” on the Pink Limited Market (“OTC Pink”), which is operated by OTC Markets Group, Inc. To be quoted on OTC Pink, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. OTC Pink is a significantly more limited market than the NYSE, and the quotation of the Units on OTC Pink may result in a less liquid market available for existing and potential unitholders and could further depress the trading price of the Units. There is no assurance that an active market in the Units will develop on OTC Pink.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this press release are subject to a number of risks and uncertainties beyond the control of the Trust. These forward-looking statements include the Trust’s expectations regarding the timing of the transition of the quotation of the Units to OTC Pink, expectations regarding the trading of the Units on OTC Pink and the Trust asset sale process. Descriptions of some of the risks that could affect the future performance of the Trust appear in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2024, the Trust’s subsequent Quarterly Reports on Form 10-Q, and the Trust’s other filings with the Securities and Exchange Commission (the “SEC”). The Trust’s annual, quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov. The Trustee undertakes no obligation to update forward-looking statements after the date of this report, except as required by law, and all such forward-looking statements in this report are qualified in their entirety by the preceding cautionary statements.

Elaina Rodgers

Vice President

The Bank of New York Mellon Trust Company, N.A.

713-483-6020

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Finance Oil/Gas Banking Energy Professional Services

MEDIA:

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U.S. Bancorp Comments on Dodd-Frank Act Stress Test Results

U.S. Bancorp Comments on Dodd-Frank Act Stress Test Results

MINNEAPOLIS–(BUSINESS WIRE)–
U.S. Bancorp (NYSE: USB) commented on the results of the Federal Reserve’s Dodd-Frank Act Stress Test (DFAST) conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Based on the 2025 stress test results and current rule requirements, the company’s preliminary stress capital buffer (SCB) is 2.6 percent for the period beginning October 1, 2025, and ending on September 30, 2026. The SCB, when added to the Basel III Common Equity Tier 1 (CET1) capital to risk-weighted assets ratio minimum of 4.5 percent, requires the company to maintain a CET1 ratio at or above 7.1 percent throughout this period.

The Federal Reserve has stated that it expects to finalize the SCB for all firms by August 31, 2025.

All U.S. Bancorp regulatory ratios continue to reflect strong capital levels and exceed “well-capitalized” requirements. The company’s CET1 capital to risk-weighted assets ratio using the Basel III standardized approach was 10.8 percent as of March 31, 2025.

U.S. Bancorp’s planned capital actions include a 4 percent increase in its quarterly common stock dividend from $0.50 to $0.52 per share, subject to approval by U.S. Bancorp’s Board of Directors, effective in the third quarter of 2025. The Company plans to continue share repurchases under the Company’s existing $5 billion share repurchase program.

“The results of this year’s stress test demonstrate that we are well-capitalized, have a healthy balance sheet, and remain prepared to manage potential industry stress and withstand a severe economic downturn,” said Gunjan Kedia, President and CEO of U.S. Bancorp.

About U.S. Bancorp

U.S. Bancorp, with approximately 70,000 employees and $676 billion in assets as of March 31, 2025, is the parent company of U.S. Bank National Association. Headquartered in Minneapolis, the company serves millions of customers locally, nationally and globally through a diversified mix of businesses including consumer banking, business banking, commercial banking, institutional banking, payments and wealth management. U.S. Bancorp has been recognized for its approach to digital innovation, community partnerships and customer service, including being named one of the 2025 World’s Most Ethical Companies and one of Fortune’s most admired superregional banks. To learn more, please visit the U.S. Bancorp website at usbank.com and click on “About Us.”

Forward-Looking Statements

This press release contains forward-looking statements about U.S. Bancorp. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements and are based on the information available to, and assumptions and estimates made by, management as of the date hereof. These forward-looking statements cover, among other things, U.S. Bancorp’s SCB requirement and capital action plans. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those set forth in forward-looking statements, including changes to statutes, regulations, or regulatory policies or practices and the risks and uncertainties more fully discussed in the section entitled “Risk Factors” of U.S. Bancorp’s Form 10-K for the year ended December 31, 2024, and subsequent filings with the Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to update them in light of new information or future events.

Investor contact:

George Andersen, U.S. Bancorp Investor Relations

[email protected]

Media contact:

Jeff Shelman, U.S. Bancorp Public Affairs and Communications

[email protected]

KEYWORDS: United States North America Minnesota

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK–(BUSINESS WIRE)–
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Municipal Funds:

Declaration- 7/1/2025 Ex-Date- 7/15/2025 Record- 7/15/2025 Payable- 8/1/2025

 

 

National Funds

 

 

Ticker

 

 

Distribution

Change From Prior Distribution

 

BlackRock Municipal Income Quality Trust*

 

BYM

 

$0.055500

 

–

BlackRock Long-Term Municipal Advantage Trust*

BTA

$0.049500

–

BlackRock MuniAssets Fund, Inc.*

MUA

$0.055500

–

BlackRock Municipal Income Trust*

BFK

$0.050000

–

BlackRock Investment Quality Municipal Trust, Inc.*

BKN

$0.057000

–

BlackRock Municipal Income Trust II*

BLE

$0.054000

–

BlackRock Municipal 2030 Target Term Trust

BTT

$0.046400

–

BlackRock MuniHoldings Fund*

MHD

$0.059500

–

BlackRock MuniYield Quality Fund II, Inc.*

MQT

$0.051000

–

BlackRock MuniYield Quality Fund, Inc.*

MQY

$0.058000

–

BlackRock MuniHoldings Quality Fund II, Inc.*

MUE

$0.051000

–

BlackRock MuniVest Fund II, Inc.*

MVT

$0.054000

–

BlackRock MuniYield Fund, Inc.*

MYD

$0.054500

–

BlackRock MuniYield Quality Fund III, Inc.*

MYI

$0.055500

–

BlackRock MuniVest Fund, Inc.*

MVF

$0.036000

–

BlackRock 2037 Municipal Target Term Trust

BMN

$0.093750

–

 

 

State-Specific Funds

 

 

Ticker

 

 

Distribution

Change From Prior Distribution

 

BlackRock MuniHoldings California Quality Fund, Inc.*

 

MUC

 

$0.053500

 

–

BlackRock California Municipal Income Trust*

BFZ

$0.059000

–

BlackRock MuniYield Michigan Quality Fund, Inc.*

MIY

$0.054500

–

BlackRock MuniHoldings New Jersey Quality Fund, Inc.*

MUJ

$0.054000

–

BlackRock MuniHoldings New York Quality Fund, Inc.*

MHN

$0.051500

–

BlackRock MuniYield New York Quality Fund, Inc.*

MYN

$0.051200

–

BlackRock New York Municipal Income Trust*

BNY

$0.051000

–

BlackRock MuniYield Pennsylvania Quality Fund*

MPA

$0.066000

–

BlackRock Virginia Municipal Bond Trust*

BHV

$0.051500

–

Taxable Municipal Fund:

Declaration- 7/1/2025 Ex-Date- 7/15/2025 Record- 7/15/2025 Payable- 7/31/2025

Fund

 

 

Ticker

 

 

Distribution

Change From Prior Distribution

 

BlackRock Taxable Municipal Bond Trust*

BBN

$0.092900

 

–

Taxable Fixed Income Funds:

Declaration- 7/1/2025 Ex-Date- 7/15/2025 Record- 7/15/2025 Payable- 7/31/2025

Fund

 

 

Ticker

 

 

Distribution

Change From Prior Distribution

 

BlackRock Floating Rate Income Trust*

 

BGT

 

$0.120280

 

–

BlackRock Core Bond Trust*

BHK

$0.074600

–

BlackRock Multi-Sector Income Trust*

BIT

$0.123700

–

BlackRock Income Trust, Inc.*

BKT

$0.088200

–

BlackRock Limited Duration Income Trust*

BLW

$0.113200

–

BlackRock Credit Allocation Income Trust*

BTZ

$0.083900

–

BlackRock Debt Strategies Fund, Inc.*

DSU

$0.098730

–

BlackRock Floating Rate Income Strategies Fund, Inc.*

FRA

$0.123840

–

BlackRock Corporate High Yield Fund, Inc.*

HYT

$0.077900

–

Equity Funds:

Declaration- 7/1/2025 Ex-Date- 7/17/2025 Record- 7/17/2025 Payable- 7/31/2025

Fund

 

 

Ticker

 

 

Distribution

Change From Prior

Distribution

BlackRock Technology and Private Equity Term Trust*

BTX

$0.079680

(0.001010)

Note: BTX shares tendered and accepted as part of the BTX tender offer which commenced June 9, 2025 and is set to expire July 8, 2025 are not entitled to the July 2025 distribution. PRESS RELEASE

Declaration- 7/1/2025 Ex-Date- 7/15/2025 Record- 7/15/2025 Payable- 7/31/2025

Fund

 

 

Ticker

 

 

Distribution

Change From Prior

Distribution

BlackRock Resources & Commodities Strategy Trust*

BCX

$0.069700

–

BlackRock Enhanced Equity Dividend Trust

BDJ

$0.061900

–

BlackRock Energy and Resources Trust*

BGR

$0.097300

–

BlackRock Enhanced International Dividend Trust*

BGY

$0.042600

–

BlackRock Health Sciences Trust*

BME

$0.262100

–

BlackRock Health Sciences Term Trust*

BMEZ

$0.167200

(0.001820)

BlackRock Enhanced Global Dividend Trust*

BOE

$0.082700

–

BlackRock Utilities, Infrastructure & Power Opportunities Trust*

BUI

 $0.136000

–

BlackRock Enhanced Large Cap Core Fund, Inc.*

CII

$0.141000

–

BlackRock Science and Technology Trust*

BST

$0.250000

–

BlackRock Science and Technology Term Trust*

BSTZ

$0.216840

(0.000930)

 

 

 

 

Multi-Asset Funds:

Declaration- 7/1/2025 Ex-Date- 7/15/2025 Record- 7/15/2025 Payable- 7/31/2025

Fund

 

 

Ticker

 

 

Distribution

Change From Prior

Distribution

 

BlackRock Capital Allocation Term Trust*

 

BCAT

 

$0.275480

(0.002720)

BlackRock ESG Capital Allocation Term Trust*

ECAT

$0.293650

(0.002960)

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2025 will be made after the end of the year.

BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Technology and Private Equity Term Trust (NYSE: BTX) have adopted a managed distribution plan (a “Plan”) to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BMEZ, BSTZ, BTX, ECAT and BCAT a monthly distribution based on an annual rate of 12% (for BMEZ, BSTZ and BTX) and 20% (for ECAT and BCAT) of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The May 2025 distribution for each of BMEZ, BSTZ, BTX, ECAT and BCAT was calculated based on the average net asset value from 6/21/2024 through 6/20/2025. Below are the 12-month rolling average daily net asset values used to calculate BMEZ, BSTZ, BTX, ECAT and BCAT’s April distributions:

BMEZ: $16.719840

BSTZ: $21.683800

BTX: $7.967920

ECAT: $17.618880

BCAT: $16.528560

The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

Each Fund’s estimated sources of the distributions paid as of June 30, 2025 and for its current fiscal year are as follows:

Estimated Allocations as of June 30, 2025

 

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.069700

$0.069700 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BDJ

$0.061900

$0.016241 (26%)

$0 (0%)

$0.045659 (74%)

$0 (0%)

BGR1

$0.097300

$0.044198 (45%)

$0 (0%)

$0 (0%)

$0.053102 (55%)

BGY1

$0.042600

$0.011680 (27%)

$0 (0%)

$0.021509 (51%)

$0.009411 (22%)

BME1

$0.262100

$0.020790 (8%)

$0.053013 (20%)

$0.188297 (72%)

$0 (0%)

BMEZ1

$0.169020

$0 (0%)

$0 (0%)

$0 (0%)

$0.169020 (100%)

BOE1

$0.082700

$0.014918 (18%)

$0 (0%)

$0.067782 (82%)

$0 (0%)

BUI

$0.136000

$0.074477 (55%)

$0 (0%)

$0.061523 (45%)

$0 (0%)

CII

$0.141000

$0 (0%)

$0 (0%)

$0.141000 (100%)

$0 (0%)

BST

$0.250000

$0 (0%)

$0 (0%)

$0.250000 (100%)

$0 (0%)

BSTZ

$0.217770

$0 (0%)

$0 (0%)

$0.217770 (100%)

$0 (0%)

BTX1

$0.080690

$0 (0%)

$0 (0%)

$0 (0%)

$0.080690 (100%)

BCAT1

$0.278200

$0.039805 (14%)

$0 (0%)

$0 (0%)

$0.238395 (86%)

ECAT1

$0.296610

$0.033382 (11%)

$0 (0%)

$0 (0%)

$0.263228 (89%)

Estimated Allocations for the Fiscal Year through June 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.418200

$0.172856 (41%)

$0 (0%)

$0 (0%)

$0.245344 (59%)

BDJ

$0.371400

$0.260620 (70%)

$0 (0%)

$0.110780 (30%)

$0 (0%)

BGR1

$0.583800

$0.170098 (29%)

$0 (0%)

$0 (0%)

$0.413702 (71%)

BGY1

$0.255600

$0.075115 (29%)

$0 (0%)

$0.021509 (8%)

$0.158976 (63%)

BME1

$1.572600

$0.046641 (3%)

$0.053013 (3%)

$1.350605 (86%)

$0.122341 (8%)

BMEZ1

$1.045990

$0 (0%)

$0 (0%)

$0 (0%)

$1.045990 (100%)

BOE1

$0.496200

$0.094831 (19%)

$0 (0%)

$0.108912 (22%)

$0.292457 (59%)

BUI

$0.816000

$0.140186 (17%)

$0 (0%)

$0.675814 (83%)

$0 (0%)

CII

$0.846000

$0 (0%)

$0 (0%)

$0.846000 (100%)

$0 (0%)

BST

$1.500000

$0 (0%)

$0 (0%)

$1.500000 (100%)

$0 (0%)

BSTZ

$1.323490

$0 (0%)

$0 (0%)

$1.323490 (100%)

$0 (0%)

BTX1

$0.507030

$0 (0%)

$0 (0%)

$0 (0%)

$0.507030 (100%)

BCAT1

$1.708820

$0.159899 (9%)

$0 (0%)

$0 (0%)

$1.548921 (91%)

ECAT1

$1.820610

$0.101989 (6%)

$0 (0%)

$0 (0%)

$1.718621 (94%)

1The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each 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 you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 05/31/2025

Annualized current distribution rate expressed as a percentage of NAV as of 05/31/2025

Cumulative total return (in relation to NAV) for the fiscal year through 05/31/2025

Cumulative fiscal year distributions as a percentage of NAV as of 05/31/2025

BCX

13.97%

8.42%

7.65%

3.51%

BDJ

12.08%

8.13%

5.01%

3.39%

BGR

17.22%

8.81%

(0.15%)

3.67%

BGY

9.40%

8.19%

9.61%

3.41%

BME

4.83%

8.15%

(3.09%)

3.40%

BMEZ

0.94%

13.47%

(2.96%)

5.82%

BOE

10.43%

8.18%

4.47%

3.41%

BUI

11.09%

6.71%

10.52%

2.80%

CII

14.28%

7.87%

3.97%

3.28%

BST

9.95%

7.88%

(0.52%)

3.28%

BSTZ

7.19%

12.65%

(5.54%)

5.35%

BTX*

(13.62%)

13.58%

(9.47%)

5.98%

BCAT*

5.46%

21.51%

3.76%

9.22%

ECAT*

6.79%

21.68%

2.64%

9.28%

* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 5/31/2025.

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.

BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Income Trust, Inc. (NYSE: BKT) and BlackRock Taxable Municipal Bond Trust (NYSE: BBN) have adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act.

Each Fund’s estimated sources of the distributions paid as of June 30, 2025 and for its current fiscal year are as follows:

Estimated Allocations as of June 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.088200

$0.038774 (44%)

$0 (0%)

$0 (0%)

$0.049426 (56%)

DSU2

$0.098730

$0.065816 (67%)

$0 (0%)

$0 (0%)

$0.032914 (33%)

FRA2

$0.123840

$0.079303 (64%)

$0 (0%)

$0 (0%)

$0.044537 (36%)

BBN2

$0.092900

$0.092900 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BGT2

$0.120280

$0.075764 (63%)

$0 (0%)

$0 (0%)

$0.044516 (37%)

HYT2

$0.077900

$0.061750 (79%)

$0 (0%)

$0 (0%)

$0.016150 (21%)

BTZ2

$0.083900

$0.063685 (76%)

$0 (0%)

$0 (0%)

$0.020215 (24%)

BLW2

$0.113200

$0.090269 (80%)

$0 (0%)

$0 (0%)

$0.022931 (20%)

BHK2

$0.074600

$0.034096 (46%)

$0 (0%)

$0 (0%)

$0.040504 (54%)

BIT2

$0.123700

$0.076730 (62%)

$0 (0%)

$0 (0%)

$0.04697 (38%)

 

 

Estimated Allocations for the Fiscal Year through June 30, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.529200

$0.215043 (41%)

$0 (0%)

$0 (0%)

$0.314157 (59%)

DSU2

$0.592380

$0.366371 (62%)

$0 (0%)

$0 (0%)

$0.226009 (38%)

FRA2

$0.743040

$0.472683 (64%)

$0 (0%)

$0 (0%)

$0.270357 (36%)

BBN2

$0.557400

$0.493029 (88%)

$0 (0%)

$0 (0%)

$0.064371 (12%)

BGT2

$0.721680

$0.432208 (60%)

$0 (0%)

$0 (0%)

$0.289472 (40%)

HYT2

$0.467400

$0.347619 (74%)

$0 (0%)

$0 (0%)

$0.119781 (26%)

BTZ2

$0.503400

$0.355380 (71%)

$0 (0%)

$0 (0%)

$0.148020 (29%)

BLW2

$0.679200

$0.511483 (75%)

$0 (0%)

$0 (0%)

$0.167717 (25%)

BHK2

$0.447600

$0.280964 (63%)

$0 (0%)

$0 (0%)

$0.166636 (37%)

BIT2

$0.742200

$0.454225 (61%)

$0 (0%)

$0 (0%)

$0.287975 (39%)

2The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 05/31/2025

Annualized current distribution rate expressed as a percentage of NAV as of 05/31/2025

Cumulative total return (in relation to NAV) for the fiscal year through 05/31/2025

Cumulative fiscal year distributions as a percentage of NAV as of 05/31/2025

BKT

(1.53%)

8.97%

3.72%

3.74%

DSU

8.47%

11.45%

2.07%

4.77%

FRA

8.50%

11.90%

1.68%

4.96%

BBN

(0.28%)

6.65%

0.57%

2.77%

BGT

8.57%

11.85%

1.74%

4.94%

HYT

7.15%

9.78%

2.95%

4.07%

BTZ

3.50%

9.00%

3.22%

3.75%

BLW

6.57%

9.80%

2.80%

4.08%

BHK

(1.11%)

8.84%

1.96%

3.68%

BIT

8.13%

10.39%

2.73%

4.33%

No conclusions should be drawn about a Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund’s Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund’s shares.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC’s website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.

1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

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Posted on

RBB Bancorp to Report Second Quarter 2025 Financial Results

LOS ANGELES, July 01, 2025 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company”, today announced that it will release financial results for its second quarter ended June 30, 2025 after the markets close on Monday, July 21, 2025.

Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, July 22, 2025 to discuss the Company’s financial results.

To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 710803, Conference ID RBBQ225. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52690, approximately one hour after the conclusion of the call and will remain available through August 05, 2025.

Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s website at www.royalbusinessbankusa.com.  This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call.

Corporate Overview

RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of March 31, 2025, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company’s administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company’s website address is www.royalbusinessbankusa.com.

Contacts
Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282



Posted on

SenesTech Announces Closing of Warrant Exercise for $4.4 Million in Gross Proceeds

PR Newswire


SURPRISE, Ariz.
, July 1, 2025 /PRNewswire/ — SenesTech, Inc. (NASDAQ: SNES, “SenesTech” or the “Company”), a leader in fertility control for managing animal pest populations, announced today the closing of its previously announced exercise of certain outstanding warrants to purchase an aggregate of 1,458,872 shares of the Company’s common stock originally issued by the Company on March 11, 2025, at the existing exercise price of $2.90 per share.

H.C. Wainwright acted as the exclusive placement agent for the transaction.

As consideration for the exercise of such existing warrants for cash, the Company issued new unregistered short-term warrants to purchase up to an aggregate of 1,458,872 shares of common stock at an exercise price of $4.15 per share at a purchase price of $0.125 per warrant in a private placement priced at-the-market under Nasdaq rules. The new short-term warrants are exercisable immediately and expire fifteen months following the effective date of the resale registration statement registering the shares of common stock issuable upon exercise of the short-term warrants.

The aggregate gross proceeds from the exercise of the existing warrants were approximately $4.4 million, before deducting placement agent fees and other offering expenses payable by the Company. The potential gross proceeds from the new short-term warrants, if fully exercised on a cash basis, will be approximately $6.0 million. No assurance can be given that any of the new short-term warrants will be exercised. The Company expects to use the net proceeds from the transaction for working capital and general corporate purposes.

The resale of the shares of common stock issuable upon the exercise of the existing warrants has been registered pursuant to an effective registration statement on Form S-3 (File No. 333-288097).

The new short-term warrants related to the warrant inducement transaction have not been registered under the Securities Act of 1933, as amended, or under applicable state securities laws. Accordingly, the new short-term warrants and the shares of common stock issuable upon the exercise of the new short-term warrants may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act of 1933, as amended, and such applicable state securities laws.

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

About SenesTech

We are committed to improving the health of the world by humanely managing animal pest populations through our expertise in fertility control. We invented ContraPest®, the only U.S. EPA-registered contraceptive for male and female rats, as well as Evolve™ Rat and Evolve™ Mouse, EPA-designated minimum risk contraceptives for rodents, reflecting our mission to provide products that are proactive, safe and sustainable. ContraPest and Evolve fit seamlessly into all integrated pest management programs, significantly improving the overall goal of effective pest management. We strive for clean cities, efficient businesses and happy households – with a product designed to be humane, effective and sustainable.

For more information, visit https://senestech.com. 

Safe Harbor Statement

 This press release contains “forward-looking statements” within the meaning of federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, the following: the intended use of proceeds from the offering and the exercise of the new short-term warrants prior to their expiration.  Forward-looking statements may describe future expectations, plans, results or strategies and are often, but not always, made through the use of words such as “believe,” “may,” “future,” “plan,” “will,” “should,” “expect,” “anticipate,” “eventually,” “project,” “estimate,” “continuing,” “intend” and similar words or phrases. You are cautioned that such statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include, among others, market and other conditions, the successful commercialization of our products, market acceptance of our products, regulatory approval and regulation of our products and other factors and risks identified from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date. Except as required by law, we do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

CONTACT:
Investor Relations: Robert Blum, Lytham Partners, LLC, 602-889-9700, [email protected] 

Company: Tom Chesterman, Chief Financial Officer, SenesTech, Inc., 928-779-4143

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SOURCE SenesTech, Inc.

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BlackRock MuniVest Fund, Inc. (MVF) Announces Tender Offer in Conjunction with Results of the Quarterly Measurement Period of its Discount Management Program

BlackRock MuniVest Fund, Inc. (MVF) Announces Tender Offer in Conjunction with Results of the Quarterly Measurement Period of its Discount Management Program

NEW YORK–(BUSINESS WIRE)–
BlackRock MuniVest Fund, Inc. (MVF) announced today the results of the Quarterly Measurement Period (as defined below) under its previously announced discount management program (the “Program”). MVF (the “Fund”) also announced the dates of its tender offer as a result of the occurrence of a Trigger Event (as defined below) at the end of the Quarterly Measurement Period with respect to the Fund. The Program is part of the Fund’s ongoing effort to manage its discount, enhance long-term shareholder value and provide liquidity to the market for its common shareholders. There can be no assurances as to the effect that the Program will have on the market for the Fund’s shares or the discount at which the Fund’s shares may trade relative to its NAV.

As previously announced, under the Program, the Fund intends to offer to repurchase a portion of its outstanding common shares based on 3-month measurement periods (each a “Measurement Period”) if the Fund’s common shares trade at an average daily discount to net asset value (“NAV”) of greater than 7.50% during a Measurement Period (a “Trigger Event”). The Fund’s Measurement Period commenced on April 1, 2025 and ended on June 30, 2025 (the “Quarterly Measurement Period”). The average daily discount to NAV for the Fund during the Quarterly Measurement Period is summarized below.

Press Release:BlackRock MuniVest Fund, Inc. (MVF) Announces Adoption of Discount Management Program.

Quarterly Measurement Period Discount Results for the Fund

Fund Name

Ticker

Average Daily Discount for

the Measurement Period

ended June 30, 2025

 

BlackRock MuniVest Fund, Inc.

 

MVF

-7.60%

The Fund’s Boards of Directors (the “Board”) determined that if a Trigger Event occurred during the Quarterly Measurement Period, the Fund would offer to repurchase a portion of its outstanding common shares by conducting a tender offer for 2.5% of its outstanding common shares at a price equal to 98% of the Fund’s NAV per share as determined as of the close of the regular trading session of the New York Stock Exchange (“NYSE”) on the next day the NAV is calculated after the expiration date of the tender offer or, if the offer is extended, on the next day the NAV is calculated after the day to which the offer is extended. As a result of the occurrence of a Trigger Event during the Quarterly Measurement Period with respect to the Fund, the Board has authorized the Fund’s tender offer with the anticipated commencement and expiration dates outlined below.

Event

MVF

Tender Offer Commencement Date

Tuesday, July 15, 2025

Tender Offer Expiration Date and Time

Friday, August 15, 2025 at 5:00 p.m. Eastern Time, unless otherwise extended

If more than 2.5% of the Fund’s outstanding common shares are tendered, the Fund will purchase its shares from tendering shareholders on a pro rata basis at a price equal to 98% of the Fund’s NAV per share as determined as of the close of the regular trading session of the NYSE on the next day the NAV is calculated after the expiration date of the tender offer (or, if the offer is extended, on the next day the NAV is calculated after the day to which the offer is extended). Accordingly, there is no assurance that the Fund will purchase all of a shareholder’s common shares tendered in the tender offer. Payments for shares tendered and accepted are expected to be made approximately five business days after the expiration date.

The terms and conditions of the Fund’s tender offer will be set forth in an Offer to Purchase, a related Letter of Transmittal, and related documents, which will be distributed to the Fund’s common shareholders. As soon as its tender offer commences, the Fund will file a Tender Offer Statement on Schedule TO with the U.S. Securities and Exchange Commission (the “SEC”), which will include an Offer to Purchase and related Letter of Transmittal.

IMPORTANT NOTICE

This press release is for informational purposes only and is not a recommendation, an offer to purchase or a solicitation of an offer to sell any securities of the Fund and the above statements are not intended to constitute an offer to participate in any tender offer. Any offer to purchase Fund common shares will be made pursuant to an offer on Schedule TO. COMMON SHAREHOLDERS ARE URGED TO READ THE TENDER OFFER MATERIALS, INCLUDING THE OFFER TO PURCHASE AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE TENDER OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, WHEN THEY ARE FILED AND BECOME AVAILABLE, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF COMMON SHARES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES. Common shareholders may obtain a free copy of any of these statements and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to the Fund.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

Availability of Fund Updates

BlackRock will update performance and certain other data for the Fund on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Fund. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Fund and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or the Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Fund. The information contained on BlackRock’s website is not a part of this press release.

1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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Community Healthcare Trust Announces Second Quarter Earnings Release Date And Conference Call

PR Newswire

FRANKLIN, Tenn. , July 1, 2025 /PRNewswire/ — Community Healthcare Trust Incorporated (NYSE: CHCT) today announced that on Tuesday evening, July 29, 2025, after the market closes, it will report results for the second quarter of 2025. 

On July 30, 2025, at 9:00 a.m. Central Time, Community Healthcare Trust will hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends.  Simultaneously, a webcast of the conference call will be available to interested parties via an Internet link at www.chct.reit under the Investor Relations section.  A webcast replay will be available following the call at the same Internet site address.

Conference Call Details

Domestic Dial-In Number: 1-888-347-1332

International Dial-In Number: 1-412-902-4278

Canada Toll Free: 1-855-669-9657

Replay Conference Call Details

Domestic Dial-In Number: 1-877-344-7529

International Dial-In Number: 1-412-317-0088

Canada Toll Free: 1-855-669-9658

Conference ID:  5776766

About Community Healthcare Trust Incorporated

Community Healthcare Trust Incorporated (the “Company”) is a real estate investment trust that focuses on owning income-producing real estate properties associated primarily with the delivery of outpatient healthcare services in our target sub-markets throughout the United States. As of March 31, 2025, the Company had investments of approximately $1.2 billion in 201 real estate properties (including a portion of one property accounted for as a sales-type lease, two properties classified as held for sale, and one property accounted for as a financing transaction investment).  The properties are located in 36 states, totaling approximately 4.5 million square feet in the aggregate.


Cautionary Note Regarding Forward-Looking Statements

In addition to the historical information contained within, the matters discussed in this press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “believes”, “expects”, “may”, “will,” “should”, “seeks”, “approximately”, “intends”, “plans”, “estimates”, “anticipates” or other similar words or expressions, including the negative thereof. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. Because forward-looking statements relate to future events, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the control of Community Healthcare Trust Incorporated (the “Company”). Thus, the Company’s actual results and financial condition may differ materially from those indicated in such forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company’s common stock, changes in the Company’s business strategy, availability, terms and deployment of capital, changes in the real estate industry in general, interest rates or the general economy, adverse developments related to the healthcare industry, changes in governmental regulations, the degree and nature of the Company’s competition, the ability to consummate acquisitions under contract, catastrophic or extreme weather and other natural events and the physical effects of climate change, the occurrence of cyber incidents, effects on global and national markets as well as businesses resulting from increased inflation, changes in interest rates, supply chain disruptions, labor conditions, tariffs and global trade tensions, and/or the conflicts in Ukraine and the Middle East, and the other factors described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and the Company’s other filings with the Securities and Exchange Commission from time to time. Readers are therefore cautioned not to place undue reliance on the forward-looking statements contained herein which speak only as of the date hereof. The Company intends these forward-looking statements to speak only as of the time of this press release and undertakes no obligation to update forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

CONTACT:  Bill Monroe, 615-771-3052

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SOURCE Community Healthcare Trust Incorporated