Market Newsdesk

Blue Apron to Participate in Fireside Chat at TD Cowen’s Future of the Consumer Conference

NEW YORK–(BUSINESS WIRE)–
Blue Apron (NYSE: APRN) announced today that Linda Findley, Blue Apron’s President and Chief Executive Officer, will participate in a fireside chat with Michael Lippold, FreshRealm’s Founder and Chief Executive Officer, at TD Cowen’s 7th Annual Future of the Consumer Conference on Wednesday, June 7, 2023 at 12:15pm ET in New York.

On May 16, 2023, Blue Apron announced plans for a long-term operations and logistics relationship with FreshRealm, a leading provider of fresh meals to top retailers nationwide, that would see Blue Apron’s business shift to an asset-light model. The plans for the asset-light model would allow Blue Apron to focus on further growing its strong brand and delivering the high-quality products its customers have come to expect. Upon closing, Blue Apron expects to continue to drive its core direct-to-consumer business.

As previously announced, Blue Apron and FreshRealm have signed a non-binding letter of intent for up to $50 million payable to Blue Apron for the transfer of its operational infrastructure, as well as when transition, efficiency and product milestones are met. The parties currently expect to sign definitive agreements and close the transaction on or about June 9, 2023.

At the fireside chat, Findley and Lippold plan to discuss the proposed transaction.

A webcast of the presentation will be available on Blue Apron’s Investor Relations website https://investors.blueapron.com/.

About Blue Apron

Blue Apron’s vision is Better Living Through Better Food™. Launched in 2012, Blue Apron offers fresh, chef-designed meals that empower home cooks to embrace their culinary curiosity, challenge their abilities in the kitchen and see what a difference cooking quality food can make in their lives. Blue Apron is focused on bringing incredible recipes to its customers, deepening its commitment to its employees, continuing to reduce food and packaging waste, and addressing its carbon impact. Visit blueapron.com to learn more.

Forward-Looking Statements

This press release includes statements concerning Blue Apron and its future expectations, plans and prospects that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “would,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. Blue Apron has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions including, without limitation, the ability of Blue Apron to enter into definitive agreements with FreshRealm in connection with the transactions described in this press release on or about June 9, 2023, if at all; the sufficiency of the Blue Apron’s cash resources and its ability to continue to operate as a going concern in the event that, prior to the middle of June 2023, the FreshRealm transaction does not close; Blue Apron’s ability to successfully execute its business without its fulfillment and production assets; the ability of Blue Apron to successfully and efficiently transition its fulfillment and production assets to FreshRealm; the ability of FreshRealm to continue to fulfill Blue Apron’s meal-kit products in a manner consistent with the Blue Apron’s brand standard, if at all; Blue Apron’s ability to achieve the anticipated benefits of the FreshRealm transaction for Blue Apron’s stockholders; Blue Apron’s expectations regarding, and the stability of, its supply chain, including potential shortages, interruptions or continued increased costs in the supply or delivery of ingredients to Blue Apron, or following the FreshRealm transaction, to FreshRealm, and parcel and freight carrier interruptions or delays and/or higher freight or fuel costs, as a result of inflation or otherwise; any material challenges in employee recruiting and retention, any prolonged closures, or series of temporary closures, of one or both of the fulfillment centers it operates or to be operated by FreshRealm, supply chain or carrier interruptions or delays, and any resulting need to cancel or shift customer orders; Blue Apron’s ability, and following the FreshRealm transaction, Blue Apron’s reliance on FreshRealm, to maintain food safety and prevent food-borne illness incidents and its susceptibility to supplier-initiated recalls; and other risks more fully described in Blue Apron’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission on March 16, 2023 and the Blue Apron’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 filed with the Securities and Exchange Commission on May 4, 2023 and in other filings that Blue Apron may make with the Securities and Exchange Commission in the future. Blue Apron assumes no obligation to update any forward-looking statements contained in this press release, whether as a result of any new information, future events, or otherwise.

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Muriel Lussier

Blue Apron

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Organic Food Online Retail Retail Other Retail Technology Electronic Commerce Food/Beverage

MEDIA:

Posted on June 5, 2023 4:18 pm

Acadia Realty Trust to Present at NAREIT’s REITweek®: 2023 Investor Conference

Acadia Realty Trust to Present at NAREIT’s REITweek^®: 2023 Investor Conference

RYE, N.Y.–(BUSINESS WIRE)–
Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) today announced that it will participate in NAREIT’s REITweek^®: 2023 Investor Conference.

NAREIT REITweek^®:2023 Investor Conference

Acadia will participate in NAREIT’s REITweek^®: 2023 Investor Conference which will be held June 6-8, 2023. Kenneth F. Bernstein, Acadia’s President and Chief Executive Officer, is scheduled to make a company presentation on Tuesday, June 6, 2023, at 10:15 a.m. ET. The Company’s presentation materials will be posted on its website under “Investors – Presentations & Events.”

Acadia will also host individual meetings with investors during the conference.

Acadia Realty Trust Webcast:

Date:			Tuesday, June 6, 2023
Time:			10:15 a.m. – 10:45 a.m. ET
Webcast link:			Acadia Realty Trust Presentation
Webcast replay expires:			90 days following the live webcast

Acadia’s presentation will be available live via audio webcast, which may be accessed at the above link. A replay of the webcast will be available on the Company’s website for 90 days under “Investors – Presentations & Events.”

About Acadia Realty Trust

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core Portfolio and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. For further information, please visit www.acadiarealty.com.

The Company uses, and intends to use, the Investors page of its website, which can be found at www.acadiarealty.com, as a means of disclosing material nonpublic information and of complying with its disclosure obligations under Regulation FD, including, without limitation, through the posting of investor presentations that may include material nonpublic information. Accordingly, investors should monitor the Investors page, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, the website is not incorporated by reference into, and is not a part of, this document.

Safe Harbor Statement

Certain statements 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 and Exchange Act of 1934, as amended. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations are generally identifiable by the use of words, such as “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend” or “project,” or the negative thereof, or other variations thereon or comparable terminology. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results and financial performance to be materially different from future results and financial performance expressed or implied by such forward-looking statements (including accretion and guidance statements), including, but not limited to: (i) the economic, political and social impact of, and uncertainty surrounding the COVID-19 Pandemic or future pandemics, including its impact on the Company’s tenants and their ability to make rent and other payments or honor their commitments under existing leases; (ii) macroeconomic conditions, such as a disruption of or lack of access to the capital markets, disruptions and instability in the banking and financial services industries and rising inflation; (iii) the Company’s success in implementing its business strategy and its ability to identify, underwrite, finance, consummate and integrate diversifying acquisitions and investments; (iv) changes in general economic conditions or economic conditions in the markets in which the Company may, from time to time, compete, and their effect on the Company’s revenues, earnings and funding sources; (v) increases in the Company’s borrowing costs as a result of rising inflation, changes in interest rates and other factors, including the discontinuation of the USD London Interbank Offered Rate, which is currently anticipated to occur in 2023; (vi) the Company’s ability to pay down, refinance, restructure or extend its indebtedness as it becomes due; (vii) the Company’s investments in joint ventures and unconsolidated entities, including its lack of sole decision-making authority and its reliance on its joint venture partners’ financial condition; (viii) the Company’s ability to obtain the financial results expected from its development and redevelopment projects; (ix) the tenants’ ability and willingness to renew their leases with the Company upon expiration, the Company’s ability to re-lease its properties on the same or better terms in the event of nonrenewal or in the event the Company exercises its right to replace an existing tenant, and obligations the Company may incur in connection with the replacement of an existing tenant; (x) the Company’s potential liability for environmental matters; (xi) damage to the Company’s properties from catastrophic weather and other natural events, and the physical effects of climate change; (xii) uninsured losses; (xiii) the Company’s ability and willingness to maintain its qualification as a REIT in light of economic, market, legal, tax and other considerations; (xiv) information technology security breaches, including increased cybersecurity risks relating to the use of remote technology; (xv) the loss of key executives; (xvi) the accuracy of the Company’s methodologies and estimates regarding environmental, social and governance (“ESG”) metrics, goals and targets, tenant willingness and ability to collaborate towards reporting ESG metrics and meeting ESG goals and targets, and the impact of governmental regulation on its ESG efforts; and (xvii) the risk that the Company’s restatement of certain of its previously issued consolidated financial statements or material weaknesses in internal controls could negatively affect investor confidence and raise reputational issues.

The factors described above are not exhaustive and additional factors could adversely affect the Company’s future results and financial performance, including the risk factors discussed under the section captioned “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, and other periodic or current reports the Company files with the SEC. Any forward-looking statements in this press release speak only as of the date hereof. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any changes in the Company’s expectations with regard thereto or changes in the events, conditions or circumstances on which such forward-looking statements are based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005757/en/

Jennifer Han

(914) 288-8100

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Construction & Property REIT

MEDIA:

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Fortive to Present at the 8^th Annual TD Cowen Sustainability and Energy Transition Conference

EVERETT, Wash.–(BUSINESS WIRE)–
Fortive Corporation (“Fortive”) (NYSE: FTV) today announced that Senior Vice President and General Counsel, Peter C. Underwood, will be presenting at the 8^th Annual TD Cowen Sustainability and Energy Transition Conference on Friday, June 9, 2023 at 10:20 a.m. ET. The audio will be simultaneously webcast and will be archived on www.fortive.com.

ABOUT FORTIVE

Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive’s strategic segments – Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions – include well-known brands with leading positions in their markets. The company’s businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world. With a culture rooted in continuous improvement, the core of our company’s operating model is the Fortive Business System. For more information please visit: www.fortive.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005203/en/

Elena Rosman

Vice President, Investor Relations

Fortive Corporation

6920 Seaway Boulevard

Everett, WA 98203

Telephone: (425) 446-5000

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Consulting Data Management Professional Services Technology Software

MEDIA:

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Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.–(BUSINESS WIRE)–Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced, on May 25, 2023, the following monthly distribution:

Amount of Distribution	Ex-Date	Record Date	Payable Date
$0.08	June 9, 2023	June 12, 2023	June 23, 2023

Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund’s aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund’s assets and will constitute a return of the shareholder’s capital. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and capital gains; 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 money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The Fund provided this estimate of the sources of the distributions:

Distribution Estimates	May 2023 (MTD)			Fiscal Year-to-Date (YTD) (1)
(Sources)	Per Share Amount	Percentage of Current Distribution		Per Share Amount	Percentage of Current Distribution
Net Investment Income	$ 0.014	17.0%		$ 0.065	13.5%
Net Realized Short-Term Capital Gains	0.002	3.5%		0.035	7.4%
Net Realized Long-Term Capital Gains	0.000	0.0%		0.000	0.0%
Return of Capital (or other Capital Source)	0.064	79.5%		0.380	79.1%
Total Distribution	$ 0.080	100.0%		$ 0.480	100.0%

(1) Fiscal year started December 1, 2022

Information regarding the Fund’s performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund’s NAV and not the market price of the Fund’s shares. Performance figures are not meant to represent individual shareholder performance.

May 31, 2023
Average Annual Total Return on NAV for the 5-year period (2)	3.83%
Annualized Current Distribution Rate (3)	14.50%
Fiscal YTD Cumulative Total Return on NAV (4)	-5.22%
Fiscal YTD Cumulative Distribution Rate (5)	7.25%

(2)		Average Annual Total Return on NAV is the annual compound return for the five-year period. It reflects the change in the Fund’s NAV and reinvestment of all distributions.
(3)		Annualized Current Distribution Rate is the current distribution rate annualized as a percentage of the Fund’s NAV at month end.
(4)		Fiscal YTD Cumulative Total Return on NAV is the percentage change in the Fund’s NAV from the first day of the fiscal year to this month end, including distributions paid and assuming reinvestment of those distributions.
(5)		Fiscal YTD Cumulative Distribution Rate is the dollar value of distributions from the first day of the fiscal year to this month end as a percentage of the Fund’s NAV at month end.

The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.

About the Fund

Virtus Total Return Fund Inc. is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, Inc. is the investment adviser, and Duff & Phelps Investment Management Co. and Newfleet Asset Management are the subadvisers to the Fund.

For more information on the Fund, contact shareholder services at (866) 270-7788, by email at [email protected], or through the Closed-End Funds section of virtus.com.

Fund Risks

An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund’s shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about the Fund’s investment objective and risks, please see the Fund’s annual report. A copy of the Fund’s most recent annual report may be obtained free of charge by contacting “Shareholder Services” as set forth at the bottom of this press release.

About Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. pursues investment strategies with exceptional depth of resources and expertise. With more than 35 years of experience managing investment portfolios, Duff & Phelps has earned a reputation as a leader in investing in global listed infrastructure, global listed real estate, clean energy, and diversified real assets in institutional separate accounts and open- and closed-end funds. For more information, visit dpimc.com.

About Newfleet Asset Management

Newfleet Asset Management provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Total Return Fund Inc. employs active sector rotation and disciplined risk management in portfolio construction, avoiding interest rate bets, and remaining duration neutral to each strategy’s stated benchmark. Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC, which is a registered investment adviser affiliated with Virtus Investment Partners. For more information, visit newfleet.com.

About Virtus Investment Partners

Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For more information, visit virtus.com.

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For Further Information:

Shareholder Services

(866) 270-7788

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Global Medical REIT Inc. Releases Corporate Social Responsibility Report

BETHESDA, Md.–(BUSINESS WIRE)–Global Medical REIT Inc. (NYSE: GMRE) (the “Company” or “GMRE”), a net-lease medical office real estate investment trust (REIT) that owns and acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems, today announced the publication of the Company’s Corporate Social Responsibility Report (“the Report”) detailing its approach to environmental, social, and governance (ESG) topics.

Jeffrey M. Busch, Chairman, Chief Executive Officer and President stated, “At its core, our ESG framework is a dynamic, forward-looking approach to investing in our assets, managing our properties and operating our business. We focus on the interests of all of our stakeholders, and are continuing our commitment to integrate our ESG principles into our regular business operations. As we look ahead, we will continue to advance our ESG initiatives as part of our ongoing growth and improvement. In everything we do, our decisions reflect our commitment to our corporate sustainability values: alignment, access and authenticity.”

The Company’s Report sets forth its commitment and efforts regarding environmental stewardship, social responsibility, strong corporate governance, and is available digitally at: GMRE CSR 2023

Environmental

The Company initiated its inaugural Report last year, but has been engaged in collecting and tracking environmental data from its tenants since 2019, including energy and water usage. The Report highlights the significant growth in the Company’s energy tracking efforts, from 11% of its tenants providing energy usage information in 2019, to approximately 51% currently. The Report also details the Company’s improved GRESB¹ Assessment, in which GMRE moved up in its GRESB peer group2, improving from 10th to 4th place. Finally, the Report details additional measures the Company has implemented to ensure the validity and consistency of data, including a study from the Georgetown University Steers Center of Real Estate.

Social

The Company’s social effort continues to focus on its workforce, tenants and communities and describes the Company’s philosophy and goals regarding workforce and stakeholder engagement. A highlight of the Report is the success and expansion of GMRE’s pilot program Ride United, a partnership with The United Way and Lyft, which provides transportation for those in need to non-emergency medical appointments.

Governance

The Report also puts forth and details the continued enhancement of the Company’s governance practices, which are based on integrity, transparency and accountability. The Board has taken a proactive role in governance leadership and has prioritized its efforts to support the evolution of its ESG initiatives.

About Global Medical REIT Inc.

Global Medical REIT Inc. is a net-lease medical office REIT that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems. Additional information on GMRE can be obtained on its website at www.globalmedicalreit.com.

FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is the Company’s intent that any such statements be protected by the safe harbor created thereby. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “plan,” “predict,” “project,” “will,” “continue” and other similar terms and phrases, including references to assumptions and forecasts of future results. Except for historical information, the statements set forth herein including, but not limited to, any statements regarding our earnings, our liquidity, our tenants’ ability to pay rent to us, expected financial performance (including future cash flows associated with new tenants or the expansion of current properties), future dividends or other financial items; any other statements concerning our plans, strategies, objectives and expectations for future operations and future portfolio occupancy rates, our pipeline of acquisition opportunities and expected acquisition activity, including the timing and/or successful completion of any acquisitions and expected rent receipts on these properties, our expected disposition activity, including the timing and/or successful completion of any dispositions and the expected use of proceeds therefrom, and any statements regarding future economic conditions or performance are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although the Company believes that the expectations, estimates and assumptions reflected in its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of the Company’s forward-looking statements. Additional information concerning us and our business, including additional factors that could materially and adversely affect our financial results, include, without limitation, the risks described under Part I, Item 1A – Risk Factors, in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, and in our other filings with the SEC. You are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and undertakes no obligation, to update any forward-looking statement.

¹ The Global ESG Benchmark for Real Assets

2 Our GRESB peer group included seven real estate companies of several types, with market caps between $730 million and $25 billion. The Steers Center peer group of 10 companies included only REITs, with smaller market cap variation; all but one had a healthcare focus.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005602/en/

Investors:

Stephen Swett

[email protected]

(203) 682-8377

KEYWORDS: United States North America Maryland

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Hospitals Finance REIT Professional Services Other Health Health Other Construction & Property Other Professional Services

MEDIA:

Posted on June 5, 2023 4:18 pm

Li-Cycle to Host Investor Meetings on June 6, 2023

Li-Cycle to Host Investor Meetings on June 6, 2023

TORONTO–(BUSINESS WIRE)–Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, announced today that it will host investor meetings at the TD Cowen Sustainability Week on Tuesday, June 6, 2023.

An investor presentation related to these meetings will be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of battery-grade materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005753/en/

Investor Relations

Nahla A. Azmy

Sheldon D’souza

[email protected]

Media

Louie Diaz

[email protected]

KEYWORDS: United States North America Canada

INDUSTRY KEYWORDS: Automotive Manufacturing Consumer Electronics Technology Manufacturing Other Energy Other Technology Other Manufacturing Apps/Applications Alternative Energy Energy Engineering

MEDIA:

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Traeger Announces Appointment of Jim Hardy as President of MEATER

SALT LAKE CITY–(BUSINESS WIRE)–
Traeger, Inc. (“Traeger”) (NYSE: COOK), creator and category leader of the wood pellet grill, today announced the appointment of Jim Hardy as President of MEATER. The appointment of Mr. Hardy follows a comprehensive search that considered both external and internal candidates. The founders of MEATER, Wen Nivala, Teemu Nivala, and Joseph Cruz, are expected to transition out of their leadership roles at the end of this year. Traeger’s executive team will be evaluating a transition plan for Mr. Hardy’s responsibilities as Chief Operating Officer in the coming months.

“Jim has proven to be an invaluable partner and leader at our Company,” said Traeger CEO Jeremy Andrus. “MEATER is a critical part of the Traeger story and I am thrilled to have Jim lead its next phase of growth. As we evaluated succession planning for MEATER, it became clear that Jim was the right candidate. In his role as COO of Traeger, Jim assumed executive oversight of MEATER. This experience, along with his decades-long track record of leadership and operational excellence, make him well positioned to successfully lead MEATER and ensures a seamless transition.”

Mr. Andrus continued, “I would like to thank Wen, Teemu, and Joseph for their contributions in driving MEATER’s strong growth since we acquired the business and I wish them success in their future endeavors.”

Jim Hardy has served as Chief Operating Officer of Traeger since September 2022 and previously served as Chief Supply Chain Officer since March 2021. He has over 35 years of operations experience, and previously served as Chief Operating Officer of Fanatics, Inc. and Executive Vice President Global Operations of Under Armour, Inc.

About Traeger

Traeger Grills, headquartered in Salt Lake City, is the creator and category leader of the wood pellet grill, an outdoor cooking system that ignites all-natural hardwoods to grill, smoke, bake, roast, braise, and barbecue. In 2023, Traeger entered the griddle category, further establishing its leadership position in the outdoor cooking space. Traeger grills are versatile and easy to use, empowering cooks of all skill sets to create delicious meals with flavor that cannot be replicated. Grills are at the core of our platform and are complemented by Traeger wood pellets, rubs, sauces, accessories, and MEATER smart thermometers.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding the success of Mr. Hardy’s transition to President of MEATER. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, our history of operating losses, our ability to manage our future growth effectively, our ability to expand into additional markets, our ability to maintain and strengthen our brand to generate and maintain ongoing demand for our products, our ability to cost-effectively attract new customers and retain our existing customers, our failure to maintain product quality and product performance at an acceptable cost, the impact of product liability and warranty claims and product recalls, the highly competitive market in which we operate, the use of social media and community ambassadors, a decline in sales of our grills, our dependence on three major retailers, risks associated with our international operations, our reliance on a limited number of third-party manufacturers and problems with (or loss of) our suppliers or an inability to obtain raw materials, and the ability of our stockholders to influence corporate matters and the other important factors discussed under the caption “Risk Factors” in our periodic and current reports filed with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2022. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005815/en/

Investors:

Nick Bacchus

Traeger, Inc.

[email protected]

Media:

The Brand Amp

[email protected]

KEYWORDS: Utah United States North America

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage

MEDIA:

Posted on June 5, 2023 4:16 pm

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

NEW YORK–(BUSINESS WIRE)–
American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 65 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 9.75 million shares. All of the net proceeds from the offering will go to AIG.

J.P. Morgan is acting as Global Coordinator and an Active Bookrunner for the proposed offering. Morgan Stanley, BofA Securities and Piper Sandler are also acting as Active Bookrunners for the proposed offering.

The proposed offering of these securities is being made only by means of a prospectus. A registration statement relating to the proposed offering has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. Copies of the registration statement and the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204 or by email at [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, or by email at [email protected]; and Piper Sandler & Co., Attention: Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, NY 10020, or by telephone at 1-800-747-3924 or by email at [email protected].

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About AIG

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange.

About Corebridge Financial

Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than $365 billion in assets under management and administration as of March 31, 2023, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures.

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Quentin McMillan (Investors): [email protected]

Dana Ripley (Media): [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Insurance Finance

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GE HealthCare Technologies Inc. Commences Secondary Offering of 25,000,000 Shares

CHICAGO–(BUSINESS WIRE)–
GE HealthCare Technologies Inc. (Nasdaq: GEHC) (the “Company” or “GE HealthCare”) announced today the launch of a secondary underwritten public offering (the “Offering”) of 25,000,000 shares of its common stock (the “GEHC Shares”). GE HealthCare is not selling any shares of common stock and will not receive any proceeds from the sale of the GEHC Shares in the Offering or from the debt-for-equity exchange (as described below).

Prior to the closing of the Offering, General Electric Company (“GE”) is expected to exchange the GEHC Shares for indebtedness of GE held by Morgan Stanley Senior Funding, Inc. and Morgan Stanley Bank, N.A. (together, the “MS Lenders”), affiliates of Morgan Stanley & Co. LLC, the selling stockholder in the Offering by designation of the MS Lenders. Following the debt-for-equity exchange, if consummated, Morgan Stanley & Co. LLC, as the selling stockholder in the Offering, intends to sell the GEHC Shares to the underwriters in the Offering. The selling stockholder in the Offering has granted the underwriters an option to purchase additional shares of GE HealthCare common stock at the public offering price less the underwriting discount for 30 days.

Evercore ISI, Morgan Stanley, BofA Securities, Citigroup and Goldman Sachs & Co. LLC are acting as the joint lead book-runners for the Offering.

The Company has filed a shelf registration statement (including a prospectus) on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) for the Offering to which this communication relates, but such registration statement has not yet become effective. The securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. Before you invest, you should read the base prospectus in that registration statement, the accompanying prospectus supplement and other documents the Company has filed with the SEC for more complete information about the Company and this Offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the Offering, when available, may be obtained from Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at [email protected]; Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, email: [email protected]; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); and Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or by emailing [email protected].

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

About GE HealthCare

GE HealthCare is a leading global medical technology, pharmaceutical diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient’s journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help improve patient care from diagnosis, to therapy, to monitoring. We are an $18.3 billion business with 50,000 employees working to create a world where healthcare has no limits.

Forward‐Looking Statements

This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as “will,” “expect,” “may,” “would,” “could,” “plan,” and similar expressions. These forward-looking statements may include, but are not limited to, statements about the size, timing or results of the offering and the selling stockholders’ intent to offer shares of common stock, and reflect management’s current plans, estimates and expectations and are inherently uncertain. The inclusion of any forward-looking information in this release should not be regarded as a representation that the future plans, estimates or expectations contemplated will be achieved. These forward-looking statements involve risks and uncertainties, many of which are beyond the Company’s control. Factors that could cause actual results to differ materially from those described in the Company’s forward-looking statements include, but are not limited to, operating in highly competitive markets; ability to control increases in healthcare costs and any subsequent effect on demand for the Company’s products, services, or solutions; the Company’s ability to operate effectively as an independent, publicly-traded company and achieve the benefits the Company expects from its spin-off from General Electric Company; the incurrence of substantial indebtedness in connection with the spin-off and any related effect on the Company’s business; and the other factors detailed in the Company’s Registration Statement on Form S-1 filed on June 5, 2023, as well as other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission. Please also see the “Risk Factors” section of the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission and any updates or amendments it makes in future filings. There may be other factors not presently known to the Company or which it currently considers to be immaterial that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements the Company makes. The Company does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005816/en/

Investor Relations Contact:

Carolynne Borders

+1-631-662-4317

[email protected]

Media Contact:

Tor Constantino

+1-585-441-1658

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Biotechnology Data Analytics Pharmaceutical Health Medical Devices Data Management Professional Services Technology

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Posted on June 5, 2023 4:13 pm

Broadstone Net Lease Provides Business Update

Broadstone Net Lease Provides Business Update

ROCHESTER, N.Y.–(BUSINESS WIRE)–
Broadstone Net Lease, Inc. (NYSE: BNL) (“BNL,” the “Company,” “we,” “our,” or “us”), today provided an update on the Company’s second quarter activity to date.

MANAGEMENT COMMENTARY

“I am pleased to provide a preview of our second quarter activity,” said John Moragne, Chief Executive Officer. “Our portfolio continues to demonstrate its strength and resiliency with 100% collections through April and May. We continue to selectively find accretive opportunities to deploy capital in today’s market including new acquisitions, continued investment in our existing properties, and attractive build-to-suit opportunities. We remain committed to our disciplined and prudent approach to capital allocation as we continue to navigate today’s challenging market backdrop.”

INVESTMENT ACTIVITY

• During the second quarter, we invested $60.1 million in 4 properties at a weighted average initial cash capitalization rate of 7.3%. Investments were all industrial opportunities and consisted of $20.4 million in new property acquisitions, $7.0 million in revenue generating capital expenditures, and $32.7 million in development funding opportunities. The leases on new property acquisitions and revenue generating capital expenditures had a weighted average initial term of over 15 years and minimum annual rent increases of 1.9%. Year-to-date, we have completed investments totaling $80.1 million at a weighted average initial cash capitalization rate of 7.1%.

• On May 22, 2023, BNL closed on the acquisition of the land in connection with the previously announced $204.8 million build-to-suit transaction, of which $32.7 million was funded through the date of this release and included in the development opportunities referenced above. The facility is projected to open in the third quarter of 2024, with rent commencing no later than October 15, 2024. During the 18-month construction period, BNL will earn capitalized interest at customary rates. Once completed, the facility will be leased to a leading distributor to retailers in the United States and Canada pursuant to a 15-year lease with multiple renewal options and 2.50% annual rent escalations, translating into a GAAP cap rate of 8.1%.

• We currently have commitments to fund $13.5 million in revenue generating capital expenditures with existing tenants and $172.1 million in development funding opportunities.

• During the second quarter, we sold four properties for proceeds of $69.4 million at a weighted average cap rate of 5.6% on tenanted properties. Year-to-date, we have sold seven assets for proceeds of $121.3 million at a weighted average cap rate of 5.7% on tenanted properties.

REAL ESTATE PORTFOLIO UPDATE

• Collected 100% of base rents due through April and May for all properties under lease, and as of the date of this release our portfolio was 99.4% leased based on rentable square footage as of the end of the first quarter, with two of our total properties vacant and not subject to a lease.

About Broadstone Net Lease, Inc.

BNL is a real estate investment trust that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of March 31, 2023, BNL’s diversified portfolio consisted of 801 individual net leased commercial properties with 794 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, healthcare, restaurant, retail, and office property types.

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, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “intend,” “anticipate,” “estimate,” “would be,” “believe,” “continue,” or other similar words. Forward-looking statements, including our 2023 guidance and assumptions, involve known and unknown risks and uncertainties, which may cause BNL’s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which BNL filed with the SEC on February 23, 2023, which you are encouraged to read, and is available on the SEC’s website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005812/en/

Michael Caruso

SVP, Corporate Strategy & Investor Relations

[email protected]

585.402.7842

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Other Construction & Property Commercial Building & Real Estate Finance Construction & Property REIT

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