Posts

Posted on

Guggenheim Investments Announces August 2023 Closed-End Fund Distributions

NEW YORK, Aug. 01, 2023 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

The following dates apply to the distributions:

Record Date August 15, 2023
Ex-Dividend Date August 14, 2023
Payable Date August 31, 2023

Distribution Schedule
NYSE Ticker Closed-End Fund Name Distribution

Per Share 		Change from Previous
Distribution 		Frequency
AVK Advent Convertible and Income Fund $0.1172†   Monthly
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   Monthly
GOF Guggenheim Strategic Opportunities Fund $0.1821†   Monthly
GUG Guggenheim Active Allocation Fund $0.11875†   Monthly

† A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.

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 Distribution Policy.

Past performance is not indicative of future performance. As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

About Guggenheim Investments

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with over $225 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 240+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”) and Guggenheim Funds Distributors, LLC (“GFD”). GFIA serves as Investment Adviser for GBAB, GOF and GUG. GPIM serves as Investment Sub-Adviser for GBAB, GOF and GUG. GFD serves as servicing agent for AVK. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.

*Assets under management are as of 6.30.2023 and include leverage of $15.9bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Partners India Management.

This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit

www.guggenheiminvestments.com

or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

Analyst Inquiries
William T. Korver
[email protected]

Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
Member FINRA/SIPC (8/23) 58199



Posted on

The Children’s Place Announces Promotions and Appointments of Key Executives

Maegan Markee Appointed to the New Role of Brand President; Sheamus Toal Promoted to Chief Operating Officer and Chief Financial Officer; Mary Beth Sheridan joins the Company in the New Role of Chief Merchant

SECAUCUS, N.J., Aug. 01, 2023 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced the appointment of Maegan Markee to the new role of Brand President, the promotion of Sheamus Toal as the Company’s Chief Operating Officer and Chief Financial Officer, and the hiring of Mary Beth Sheridan as the Company’s Chief Merchant, all effective immediately. 

Jane Elfers, President and Chief Executive Officer said, “I am thrilled to announce the promotions and expanded scope for Maegan and Sheamus and to welcome Mary Beth to our team. I am looking forward to partnering with Maegan, Sheamus and Mary Beth to advance our top and bottom line growth initiatives as we work together to ensure that a digital-first mindset remains at the forefront of the Company’s decision-making. With our industry-leading digital penetration, it is imperative that our entire team stays laser focused on digital growth.” 

In the new role of Brand President, Ms. Markee will have oversight for all customer facing activities across the Company’s Family of Brands and will continue to report to Ms. Elfers. Ms. Markee will have oversight for Design, Sourcing, Merchandising, Marketing, Planning, Allocation and the Company’s Wholesale and International businesses.

Ms. Elfers commented, “Maegan architected the Company’s marketing transformation and played an integral part in accelerating our transformation to a digital-first Company and implementing our Amazon marketplace strategy. Maegan’s deep digital expertise and her cross-functional leadership throughout the Company’s strategic transformation makes her the ideal executive to lead the growth of our brands.”

In the expanded role of Chief Operating Officer and Chief Financial Officer, Mr. Toal will continue to report to Ms. Elfers and will have oversight for IT, Logistics, Distribution and Store Operations, in addition to his current responsibilities for Finance, Accounting, Investor Relations, Real Estate and Legal. 

Ms. Elfers continued, “Sheamus has been a key contributor since the day he joined our team. Sheamus has a very strong appreciation for our digital transformation, and he is focused on the significant opportunities now available to us to continue to optimize our expense structure and our store fleet, and to streamline our operations as we continue to execute our transformation. Sheamus’ extensive specialty retail operating experience makes him particularly well suited to take on these additional operating responsibilities and the combination of finance and operational oversight under one leader provides important synergies as we transform to a more agile and nimble digital-first model.”

In the new role of Chief Merchant, Mary Beth Sheridan will have direct responsibility for Merchandising, Sourcing, Planning and Allocation and will report to Ms. Markee.

Ms. Elfers concluded, “I have worked with Mary Beth previously, and am confident that she has the experience and skill set necessary to quickly identify growth opportunities on both the top and bottom lines and to develop collaborative, cross-functional strategies to achieve them. Marybeth’s results-driven mindset will help us continue to build momentum with our millennial and Gen Z customers.”

Executive Bios

Ms. Markee has been with the Company for over 13 years, holding executive positions of increasing responsibility. She graduated with a Bachelor of Science in Marketing from Quinnipiac University.

Mr. Toal joined The Children’s Place in October 2022 and previously spent over 16 years with New York & Company where he held several senior level finance and operational positions as Chief Operating Officer, Chief Financial Officer, Chief Accounting Officer and Treasurer, culminating in his role as Chief Executive Officer from 2020-2021. He graduated Magna Cum Laude with a Bachelor of Science in Accounting from St. John’s University and is a Certified Public Accountant.

Ms. Sheridan was most recently a Chief Merchandising Officer at Anthropologie from September 2020 to February 2023. Prior to that she was with Macy’s for over seven years in executive roles, culminating as Group Vice President, Merchandising, Digital, Product Development and Design. Ms. Sheridan also spent over 20 years with Lord & Taylor where she held executive roles of increasing responsibility, including as Senior Vice President, GMM of Menswear and Childrenswear. She graduated Magna Cum Laude with a Bachelor of Science in Business Administration from the Boston College Carroll School of Management.

About The Children’s Place

The Children’s Place is the largest pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary “The Children’s Place”, “Place”, “Baby Place”, “Gymboree”, “Sugar & Jade” and “PJ Place” brand names. The Company has online stores at www.childrensplace.com, www.gymboree.com,www.sugarandjade.com and www.pjplace.com and, as of April 29, 2023, the Company had 599 stores in the United States, Canada, and Puerto Rico and the Company’s five international franchise partners had 212 international points of distribution in 15 countries. 

Forward-Looking Statements

This press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and results of operations, including adjusted net income (loss) per diluted share. Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” section of its annual report on Form 10-K for the fiscal year ended January 28, 2023. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by changes in economic conditions (including inflation), the risks related to the COVID-19 pandemic, including the impact of the COVID-19 pandemic on our business or the economy in general, the risk that the Company’s strategic initiatives to increase sales and margin are delayed or do not result in anticipated improvements, the risk of delays, interruptions, disruptions and higher costs in the Company’s global supply chain, including resulting from COVID-19 or other disease outbreaks, foreign sources of supply in less developed countries, more politically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, including the use of forced, indentured or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, various types of litigation, including class action litigations brought under consumer protection, employment, and privacy and information security laws and regulations, the imposition of regulations affecting the importation of foreign-produced merchandise, including duties and tariffs, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:  Investor Relations (201) 558-2400 ext. 14500



Posted on

Invitation Homes Names Chief Human Resources Officer

Invitation Homes Names Chief Human Resources Officer

DALLAS–(BUSINESS WIRE)–
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today that Allison Mullis will join the Company as Executive Vice President and Chief Human Resources Officer on August 7.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801298957/en/

Allison Mullis (Photo: Business Wire)

Allison Mullis (Photo: Business Wire)

Mullis is a seasoned human resources executive who brings 20 years of leadership and human resources experience. She will lead the company’s human resources team and ensure a well-developed strategy and execution on recruiting and retention, training and career development, compensation and benefits, and culture.

“At Invitation Homes, advancing our role as the nation’s premier home leasing company means we are continually working to ensure that our greatest asset – our best-in-class team – is rewarded with a strong culture, competitive compensation and benefits, and exceptional learning opportunities,” said Chief Executive Officer Dallas Tanner. “We are excited to welcome Allison to the Invitation Homes team and look forward to her leadership on maintaining and building on our exceptional workplace and our overall business.”

Prior to joining Invitation Homes, Mullis was EVP, Human Resources & Internal Communications, at Bell, Textron’s rotorcraft subsidiary. Previously, she was HR Director for Textron’s Systems, Marine & Land division. Prior to that, she served in HR and operations roles for The Shaw Group, leading the emergency temporary housing build-out in New Orleans after Hurricane Katrina, and as a Presidential Management Fellow for the U.S. Department of the Navy, serving four rotations in long-term strategic planning, defense budgeting, and ship acquisitions. Mullis holds bachelor’s degrees in both Occupational Therapy and Microbiology from Louisiana State University and a master’s degree in Public Policy from Georgetown University.

About Invitation Homes

Invitation Homes, an S&P 500 Company, is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.

Investor Relations Contact:

Scott McLaughlin

Phone: 844.456.INVH (4684)

Email: [email protected]

Media Relations Contact:

Kristi DesJarlais

Phone: 972.421.3587

Email: [email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Construction & Property Residential Building & Real Estate Construction & Property

MEDIA:

Photo
Photo
Allison Mullis (Photo: Business Wire)
Posted on

Gyrodyne Appoints Jan Loeb to Board of Directors

Gyrodyne Appoints Jan Loeb to Board of Directors

ST. JAMES, N.Y.–(BUSINESS WIRE)–
Gyrodyne, LLC (Nasdaq: GYRO) (“Gyrodyne” or the “Company”), an owner and manager of a diversified portfolio of real estate properties, today announced that it has appointed Jan Loeb to the Company’s Board of Directors (the “Board”), effective immediately. Mr. Loeb was appointed to the Board pursuant to a cooperation agreement (the “Agreement”) between the Company and Leap Tide Capital Management LLC (collectively with its affiliates, “Leap Tide”).

Paul Lamb, Chairman of the Board, said, “Jan is a proven leader who brings a wealth of strategic knowledge, financial expertise and prior public company board experience, and we are pleased to welcome him as a director. We look forward to benefitting from Jan’s input as we continue to position the Company’s properties for sale to ultimately distribute the maximum value possible to our shareholders.”

The Company also announced that Philip Palmedo, who has served as a director since July 1996, has stepped down from the Board, effective immediately.

Mr. Lamb added: “We want to express our sincere thanks to Phil for his guidance, leadership and dedication as the Company navigated through challenging times over the years.”

Mr. Loeb stated: “We are pleased to have worked constructively with Gyrodyne to reach an agreement that is in the best interests of all stakeholders. I look forward to leveraging my perspectives as a significant shareholder and working alongside my fellow directors to maximize value for all shareholders.”

As part of the Agreement, the Company has agreed to include Mr. Loeb in the Company’s slate of director nominees for election at the 2023 Annual Meeting of Shareholders (the “Annual Meeting”) for a three-year term. Additionally, Leap Tide has agreed to customary standstill provisions. The Agreement will be included as an exhibit to the Company’s Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission (the “SEC”).

About Jan Loeb

Mr. Loeb has more than 40 years of money management and investment banking experience. He has been the Managing Member of Leap Tide since 2007. From 2005 to 2007, he served as the President of Leap Tide’s predecessor, Leap Tide Capital Management Inc., which was formerly known as AmTrust Capital Management Inc. He served as a Portfolio Manager of Chesapeake Partners from February 2004 to January 2005. From January 2002 to December 2004, he served as Managing Director at Jefferies & Company, Inc. From 1994 to 2001, he served as Managing Director at Dresdner Kleinwort Wasserstein, Inc. (formerly Wasserstein Perella & Co., Inc.). He served as a Lead Director of American Pacific Corporation from July 8, 2013 to February 27, 2014, and also served as its Director from January 1997 to February 27, 2014. He served as an Independent Director of Pernix Therapeutics Holdings Inc. (formerly, Golf Trust of America, Inc.) from 2006 to August 31, 2011. He served as a Director of TAT Technologies, Ltd. from August 2009 to December 21, 2016. He served as a Director of Keweenaw Land Association, Ltd. from December 2016 until May 2019. He has served as President, Executive Chairman and board member of Novelstem International Corp since July 2018.

About Gyrodyne, LLC

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. The Company owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property, and a medical office park in Cortlandt Manor, New York, both of which are the subject of plans to seek value-enhancing entitlements. The Company’s common shares are traded on the NASDAQ Stock Market under the symbol GYRO. Additional information about the Company may be found on its web site at www.gyrodyne.com.

Forward-Looking Statements

The statements made in this press release and other materials the Company has filed or may file with the SEC, in each case that are not historical facts, contain “forward-looking information” within the meaning of the Private Securities Litigation Reform Act of 1995, and Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, which can be identified by the use of forward-looking terminology such as “may,” “will,” “anticipates,” “expects,” “projects,” “estimates,” “believes,” “seeks,” “could,” “should,” or “continue,” the negative thereof, and other variations or comparable terminology as well as statements regarding the evaluation of strategic alternatives and liquidation contingencies. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties relating to our efforts to enhance the values of our remaining properties and seek the orderly, strategic sale of such properties as soon as reasonably practicable, risks associated with the Article 78 proceeding against the Company and any other litigation that may develop in connection with our efforts to enhance the value of and sell our properties, ongoing community activism, risks associated with proxy contests and other actions of activist shareholders, risks related to the recent banking crisis and closure of two major banks (including one with whom we indirectly have a mortgage loan), regulatory enforcement, risks inherent in the real estate markets of Suffolk and Westchester Counties in New York, the ability to obtain additional capital in order to enhance the value of the Flowerfield and Cortlandt Manor properties and negotiate sales contracts and defend the Article 78 proceeding from a position of strength, the potential effects of the COVID-19 pandemic, the risk of inflation, rising interest rates, recession and supply chain constraints or disruptions and other risks detailed from time to time in the Company’s SEC reports. These and other matters the Company discuss in this press release may cause actual results to differ from those the Company describes.

Important Additional Information

The Company intends to file a proxy statement and BLUE proxy card with the SEC in connection with its upcoming Annual Meeting and, in connection therewith, the Company, its directors and certain of its executive officers will be participants in the solicitation of proxies from the Company’s shareholders in connection with such meeting. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING BLUE PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING. The Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed on March 30, 2023, contains information regarding the direct and indirect interests, by security holdings or otherwise, of the Company’s directors and executive officers in the Company’s securities. Information regarding subsequent changes to their holdings of the Company’s securities can be found in the SEC filings on Forms 3, 4, and 5, and on the Company’s website at http://www.gyrodyne.com/insidertransactions.php or through the SEC’s website at www.sec.gov. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the definitive proxy statement and other materials to be filed with the SEC in connection with the Annual Meeting. Shareholders will be able to obtain the definitive proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge at the Company’s website at http://www.gyrodyne.com/proxy.php.

Longacre Square Partners

Joe Germani / Aaron Rabinovich

[email protected] / [email protected]

KEYWORDS: New York United States North America

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

MEDIA:

Posted on

CAVA To Announce Second Quarter 2023 Results On August 15, 2023

CAVA To Announce Second Quarter 2023 Results On August 15, 2023

WASHINGTON–(BUSINESS WIRE)–
CAVA Group, Inc. (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand that brings heart, health, and humanity to food, will host a conference call on Tuesday, August 15, 2023 at 5:00 PM Eastern Time to discuss second quarter 2023 financial results and provide a business update.

A press release with second quarter financial results will be issued at approximately 4:10 PM Eastern Time on Tuesday, August 15, 2023.

The call will be webcast live from the Company’s website on the investor relations page at investor.cava.com. A recorded webcast will be available on CAVA’s investor relations website shortly after the call and available for up to one year.

About CAVA

CAVA (NYSE: CAVA) is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. Rooted in our rich Mediterranean heritage, we bring a timeless approach to modern wellness through our authentic cuisine and vibrant brand experience. Guided by our mission, we believe food is a unifier for a more diverse and inclusive world for our guests, team members, and our grower and rancher partners, where all are welcome at our table. We believe that consumers should not have to choose between taste and health – our innovative cuisine appeals to a wide variety of preferences, satisfying the modern consumer’s desires for flavorful, craveable, and nutritious food without compromise.

Investor Relations:

Matt Milanovich, VP, FP&A and Investor Relations

[email protected]

Media Relations:

Lynne Boschee, VP, Communications

[email protected]

KEYWORDS: District of Columbia United States North America

INDUSTRY KEYWORDS: Retail Restaurant/Bar Food/Beverage

MEDIA:

Logo
Logo
Posted on

Latch Notifies Nasdaq That It Does Not Anticipate Meeting Delinquent Filing Deadline

Latch Notifies Nasdaq That It Does Not Anticipate Meeting Delinquent Filing Deadline

The company remains committed to building a disciplined and efficient business that makes spaces better places to live, work, and visit

NEW YORK–(BUSINESS WIRE)–Latch, Inc. (NASDAQ: LTCH) today announced it has notified the hearings panel of The Nasdaq Stock Market LLC (“Nasdaq”) that the company does not anticipate regaining compliance with its periodic filing obligations on or before its August 4, 2023 deadline due to unexpected delays in the ongoing restatement of its historical financial statements. As a result, Latch expects Nasdaq to issue a delisting determination, causing the company’s securities to be suspended from trading on Nasdaq. Once the suspension takes effect, Latch expects that its securities will be traded on the OTC Expert Market. The transition to the OTC markets will not change Latch’s commitment to enhancing operational discipline and efficiency within the organization.

As of July 31, 2023, the company’s total cash and cash equivalents and current and non-current available-for-sale securities was approximately $192 million.1 As announced on July 10, 2023, the company has commenced a reduction in force of approximately 59% of its full-time employees, which it expects to complete by November 1, 2023. These strategic measures, along with the recently announced senior management additions, are intended to build a solid foundation for future growth.

“Latch has, and will continue to, work diligently to complete the restatement and remains committed to regaining compliance with its periodic filing obligations as soon as possible,” said Latch’s Interim CEO, Jason Keyes. “Despite these unforeseen delays related to the restatement, I remain excited about Latch’s future. As always, the company is committed to providing excellent products and services to its customers.”

As previously announced, Jamie Siminoff and Dave Lillis are expected to be appointed as the company’s Chief Executive Officer and Chief Financial Officer, respectively, later this year.

About Latch, Inc.

Latch makes spaces better places to live, work, and visit through a system of software, devices, and services. For more information, please visit www.latch.com.

Forward-Looking Statements

This release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “would,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking information includes, but is not limited to, statements regarding: the company’s future products, performance, and operations, and the related benefits to stockholders, customers, and residents; the company’s strategy; the company’s ability to file its delinquent periodic reports by the August 4, 2023 deadline or otherwise; the company’s ability to otherwise comply with applicable Nasdaq listing rules; the company’s ability to complete the restatement of its historical financial statements; the company’s ability to have its securities traded on the OTC Expert Market or another market; completion of the company’s July 2023 reduction in force; and expected transitions in management. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including: (i) the company’s ability to complete the restatement, and any impact of the July 2023 reduction in force thereon; (ii) the performance of the company’s stock, especially in light of the limited liquidity and depressed trading prices expected as a result of the delisting from Nasdaq; (iii) the company’s ability to implement business plans and changes and developments in the industry in which the company competes, including successfully integrating Honest Day’s Work into its operations following the July 3, 2023 closing of the acquisition thereof (the “HDW Acquisition”); (iv) the Company’s ability to repay the $22 million aggregate principal amount of promissory notes issued in connection with the HDW Acquisition, for which delisting from Nasdaq as of April 15, 2024 is an event of default; (v) the company’s ability to preserve cash given the costs and liabilities associated with the restatement and any related legal proceedings; (vi) the Company’s ability to access liquidity, through the capital markets or otherwise; and (vii) the company’s response to any of the aforementioned factors. Many factors could cause actual future events to differ materially from the forward-looking statements in this Report. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the company’s Annual Report on Form 10-K filed with the SEC on March 1, 2022, and other documents filed by the company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. The company does not give any assurance that it will achieve its expectations.

1This amount is unaudited. Latch also has liabilities including, but not limited to, (i) $22 million aggregate principal amount of promissory notes due in 2025 that accrue paid-in-kind interest at a rate of 10% per annum and are subject to acceleration in the event the company remains delisted from Nasdaq as of April 15, 2024 and (ii) other current and non-current liabilities, including but not limited to deferred revenue accrued liabilities, accounts payable, and litigation reserves. The total amount of these liabilities cannot be determined until the restatement is complete. You should not make an investment decision solely based on the financial information contained in this press release because you do not have a complete view of the company’s current financial position. The company intends to provide its comprehensive financial position in connection with completion of the restatement, and you should review such information when available. The company assumes no obligation to update or revise this amount, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission (the “SEC”).

Investors:

[email protected]

Latch PR:

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Mobile/Wireless Technology Construction & Property Security Other Technology Software Hardware Consumer Electronics Residential Building & Real Estate

MEDIA:

Logo
Logo
Posted on

MariaDB To Announce Third Quarter Fiscal 2023 Financial Results on August 14, 2023

MariaDB To Announce Third Quarter Fiscal 2023 Financial Results on August 14, 2023

REDWOOD CITY, Calif. & DUBLIN–(BUSINESS WIRE)–MariaDB plc (NYSE: MRDB) today announced that it will report financial results for its third quarter of fiscal year 2023 which ended June 30, 2023 on Monday, August 14, 2023 after market close.

MariaDB plc will host a live webcast at 1:30 p.m. Pacific Time (or 4:30 p.m. Eastern Time) on Monday, August 14, 2023 to discuss its financial results. The live webcast and replay of the webcast can be accessed from MariaDB plc’s investor relations website at investors.mariadb.com. The webcast replay will be available for 12 months.

About MariaDB

MariaDB is a new generation cloud database company whose products are used by companies big and small, reaching more than a billion users through Linux distributions and have been downloaded over one billion times. Deployed in minutes and maintained with ease, leveraging cloud automation, our database products are engineered to support any workload, any cloud and any scale – all while saving up to 90% of proprietary database costs. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote and SpendHQ, MariaDB’s software is the backbone of critical services that people rely on every day. Learn more at mariadb.com.

Source: MariaDB

Investors:

[email protected]

Media:

[email protected]

KEYWORDS: Europe Ireland United States North America California

INDUSTRY KEYWORDS: Software Technology Networks Data Management

MEDIA:

National Funds

Ticker

Distribution

Change From Prior

Distribution

BlackRock Municipal Income Quality Trust

BYM

$0.038000

–

BlackRock Long-Term Municipal Advantage Trust

BTA

$0.043500

–

BlackRock MuniAssets Fund, Inc.*

MUA

$0.040500

–

BlackRock Municipal Income Fund, Inc.*

MUI

$0.034000

–

BlackRock Municipal Income Trust

BFK

$0.030500

–

BlackRock Investment Quality Municipal Trust, Inc.

BKN

$0.039500

–

BlackRock Municipal Income Trust II

BLE

$0.034000

–

BlackRock Municipal 2030 Target Term Trust

BTT

$0.056400

–

BlackRock MuniHoldings Fund

MHD

$0.035500

–

BlackRock MuniYield Quality Fund II, Inc.*

MQT

$0.035000

–

BlackRock MuniYield Quality Fund, Inc.*

MQY

$0.043500

–

BlackRock MuniHoldings Quality Fund II, Inc.*

MUE

$0.029000

–

BlackRock MuniVest Fund II, Inc.

MVT

$0.031500

–

BlackRock MuniYield Fund, Inc.*

MYD

$0.036500

–

BlackRock MuniYield Quality Fund III, Inc.*

MYI

$0.040500

–

BlackRock MuniVest Fund, Inc.

MVF

$0.021000

–

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

$0.033500

–

BlackRock California Municipal Income Trust

BFZ

$0.039000

–

BlackRock MuniYield Michigan Quality Fund, Inc.*

MIY

$0.034500

–

BlackRock MuniHoldings New Jersey Quality Fund, Inc.*

MUJ

$0.037500

–

BlackRock MuniHoldings New York Quality Fund, Inc.*

MHN

$0.033500

–

BlackRock MuniYield New York Quality Fund, Inc.*

MYN

$0.031500

–

BlackRock New York Municipal Income Trust

BNY

$0.030500

–

BlackRock MuniYield Pennsylvania Quality Fund*

MPA

$0.034000

–

BlackRock Virginia Municipal Bond Trust

BHV

$0.026500

–

Taxable Municipal Fund:

Declaration- 8/1/2023   Ex-Date- 8/14/2023   Record- 8/15/2023   Payable- 8/31/2023

Fund

Ticker

Distribution

Change From Prior

Distribution

BlackRock Taxable Municipal Bond Trust*

BBN

$0.092900

–

Taxable Fixed Income Funds:

Declaration- 8/1/2023   Ex-Date- 8/14/2023   Record- 8/15/2023   Payable- 8/31/2023

Fund

Ticker

Distribution

Change From Prior

Distribution

BlackRock Floating Rate Income Trust*

BGT

$0.113580

–

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

$0.098100

–

BlackRock Credit Allocation Income Trust*

BTZ

$0.083900

–

BlackRock Debt Strategies Fund, Inc.*

DSU

$0.091050

–

BlackRock Enhanced Government Fund, Inc.*

EGF

$0.041000

–

BlackRock Floating Rate Income Strategies Fund, Inc.*

FRA

$0.117020

–

BlackRock Corporate High Yield Fund, Inc.*

HYT

$0.077900

–

Equity Funds:

Declaration- 8/1/2023   Ex-Date- 8/14/2023   Record- 8/15/2023   Payable- 8/31/2023

Fund

Ticker

Distribution

Change From Prior

Distribution

BlackRock Resources & Commodities Strategy Trust*

BCX

$0.051800

–

BlackRock Enhanced Equity Dividend Trust*

BDJ

$0.056200

–

BlackRock Energy and Resources Trust*

BGR

$0.065700

–

BlackRock Enhanced International Dividend Trust*

BGY

$0.033800

–

BlackRock Health Sciences Trust*

BME

$0.213000

–

BlackRock Health Sciences Term Trust*

BMEZ

$0.145000

–

BlackRock Enhanced Global Dividend Trust*

BOE

$0.063000

–

BlackRock Utilities, Infrastructure & Power Opportunities Trust*

BUI

$0.121000

–

BlackRock Enhanced Capital and Income Fund, Inc.*

CII

$0.099500

–

BlackRock Science and Technology Trust*

BST

$0.250000

–

BlackRock Science and Technology Term Trust*

BSTZ

$0.161300

–

BlackRock Innovation and Growth Term Trust*

BIGZ

$0.070000

–

Multi-Asset Funds:

Declaration- 8/1/2023   Ex-Date- 8/14/2023   Record- 8/15/2023   Payable- 8/31/2023

Fund

Ticker

Distribution

Change From Prior

Distribution

BlackRock Capital Allocation Term Trust*

BCAT

$0.127500

–

BlackRock ESG Capital Allocation Term Trust*

ECAT

$0.125000

–

* 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 2023 will be made after the end of the year.

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Innovation and Growth Term Trust (NYSE: BIGZ), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), 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 Capital Allocation Term Trust (NYSE: BCAT), and BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) to support a level 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 Plan Fund’s Board of Directors/Trustees. Under its Plan, each Plan 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 investment income is not available on a monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

The Funds’ estimated sources of the distributions paid this month and for their current fiscal year are as follows:

Estimated Allocations as of July 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.051800

$0.009549 (18%)

$0 (0%)

$0 (0%)

$0.042251 (82%)

BDJ

$0.056200

$0.012354 (22%)

$0 (0%)

$0.043846 (78%)

$0 (0%)

BGR1

$0.065700

$0.016672 (25%)

$0 (0%)

$0 (0%)

$0.049028 (75%)

BGY

$0.033800

$0.009803 (29%)

$0 (0%)

$0.023997 (71%)

$0 (0%)

BME1

$0.213000

$0.019489 (9%)

$0 (0%)

$0.000823 (0%)

$0.192688 (91%)

BMEZ1

$0.145000

$0 (0%)

$0 (0%)

$0 (0%)

$0.145000 (100%)

BOE1

$0.063000

$0.028265 (45%)

$0 (0%)

$0 (0%)

$0.034735 (55%)

BUI1

$0.121000

$0.015335 (13%)

$0.029649 (25%)

$0.036774 (30%)

$0.039242 (32%)

CII

$0.099500

$0.004155 (4%)

$0 (0%)

$0.095345 (96%)

$0 (0%)

BST1

$0.250000

$0 (0%)

$0 (0%)

$0 (0%)

$0.250000 (100%)

BSTZ1

$0.161300

$0 (0%)

$0 (0%)

$0 (0%)

$0.161300 (100%)

BIGZ1

$0.070000

$0 (0%)

$0 (0%)

$0 (0%)

$0.070000 (100%)

EGF1

$0.041000

$0.032866 (80%)

$0 (0%)

$0 (0%)

$0.008134 (20%)

DSU1

$0.091050

$0.080263 (88%)

$0 (0%)

$0 (0%)

$0.010787 (12%)

FRA1

$0.117020

$0.100367 (86%)

$0 (0%)

$0 (0%)

$0.016653 (14%)

BGT1

$0.113580

$0.102840 (91%)

$0 (0%)

$0 (0%)

$0.010740 (9%)

HYT1

$0.077900

$0.055288 (71%)

$0 (0%)

$0 (0%)

$0.022612 (29%)

BTZ1

$0.083900

$0.047509 (57%)

$0 (0%)

$0 (0%)

$0.036391 (43%)

BLW1

$0.098100

$0.088250 (90%)

$0 (0%)

$0 (0%)

$0.009850 (10%)

BHK1

$0.074600

$0.045617 (61%)

$0 (0%)

$0 (0%)

$0.028983 (39%)

BIT1

$0.123700

$0.070243 (57%)

$0 (0%)

$0 (0%)

$0.053457 (43%)

BCAT1

$0.127500

$0.047169 (37%)

$0 (0%)

$0 (0%)

$0.080331 (63%)

ECAT1

$0.125000

$0.025023 (20%)

$0 (0%)

$0 (0%)

$0.099977 (80%)

Estimated Allocations for the Fiscal Year through July 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.362600

$0.159960 (44%)

$0 (0%)

$0 (0%)

$0.202640 (56%)

BDJ

$0.393400

$0.196980 (51%)

$0.037180 (9%)

$0.159240 (40%)

$0 (0%)

BGR1

$0.445500

$0.208460 (47%)

$0 (0%)

$0 (0%)

$0.237040 (53%)

BGY

$0.236600

$0.070350 (30%)

$0 (0%)

$0.166250 (70%)

$0 (0%)

BME1

$1.491000

$0.088630 (6%)

$0 (0%)

$0.980600 (66%)

$0.421770 (28%)

BMEZ1

$1.015000

$0 (0%)

$0 (0%)

$0 (0%)

$1.015000 (100%)

BOE1

$0.441000

$0.153710 (35%)

$0 (0%)

$0 (0%)

$0.287290 (65%)

BUI1

$0.847000

$0.254480 (30%)

$0.157360 (19%)

$0.395820 (46%)

$0.039340 (5%)

CII

$0.696500

$0.056600 (8%)

$0 (0%)

$0.639900 (92%)

$0 (0%)

BST1

$1.750000

$0 (0%)

$0 (0%)

$0 (0%)

$1.750000 (100%)

BSTZ1

$1.190500

$0 (0%)

$0 (0%)

$0.076270 (6%)

$1.114230 (94%)

BIGZ1

$0.490000

$0 (0%)

$0 (0%)

$0 (0%)

$0.490000 (100%)

EGF1

$0.287000

$0.172599 (60%)

$0 (0%)

$0 (0%)

$0.114401 (40%)

DSU1

$0.583500

$0.550105 (94%)

$0 (0%)

$0 (0%)

$0.033395 (6%)

FRA1

$0.729640

$0.709903 (97%)

$0 (0%)

$0 (0%)

$0.019737 (3%)

BGT1

$0.708260

$0.697520 (98%)

$0 (0%)

$0 (0%)

$0.010740 (2%)

HYT1

$0.545300

$0.381586 (70%)

$0 (0%)

$0 (0%)

$0.163714 (30%)

BTZ1

$0.587300

$0.359071 (61%)

$0 (0%)

$0 (0%)

$0.228229 (39%)

BLW1

$0.686700

$0.582945 (85%)

$0 (0%)

$0 (0%)

$0.103755 (15%)

BHK1

$0.522200

$0.301513 (58%)

$0 (0%)

$0 (0%)

$0.220687 (42%)

BIT1

$1.113300

$0.652983 (59%)

$0 (0%)

$0 (0%)

$0.460317 (41%)

BCAT1

$0.869100

$0.202010 (23%)

$0 (0%)

$0 (0%)

$0.667090 (77%)

ECAT1

$0.850000

$0.058600 (7%)

$0 (0%)

$0 (0%)

$0.791400 (93%)

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 6/30/2023

Annualized current distribution rate expressed as a percentage of NAV as of 6/30/2023

Cumulative total return (in relation to NAV) for the fiscal year through 6/30/2023

Cumulative fiscal year distributions as a percentage of NAV as of 6/30/2023

BCX

7.64%

5.86%

(2.42)%

2.93%

BDJ

7.27%

7.64%

5.07%

3.82%

BGR

3.56%

5.77%

(0.81)%

2.78%

BGY

7.19%

6.50%

12.03%

3.25%

BME

9.49%

5.97%

2.00%

2.98%

BMEZ*

6.18%

9.13%

7.05%

4.57%

BOE

6.85%

6.52%

9.67%

3.26%

BUI

9.53%

6.32%

6.02%

3.16%

CII

10.19%

6.23%

12.93%

3.11%

BST

10.41%

8.79%

22.90%

4.39%

BSTZ*

10.28%

9.00%

16.60%

4.79%

BIGZ*

(21.77)%

8.96%

12.30%

4.48%

EGF

(1.52)%

4.76%

1.99%

2.38%

DSU

4.93%

10.19%

8.00%

4.59%

FRA

4.92%

10.69%

8.02%

4.66%

BGT

4.97%

10.69%

8.08%

4.66%

HYT

4.27%

9.96%

6.99%

4.98%

BTZ

3.14%

8.97%

5.17%

4.49%

BLW

3.75%

8.63%

5.54%

4.32%

BHK

1.48%

8.19%

4.56%

4.10%

BIT

3.94%

10.28%

5.35%

6.85%

BCAT*

1.90%

8.83%

7.92%

4.28%

ECAT*

1.58%

8.34%

13.47%

4.03%

* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 6/30/2023.

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 Income Trust, Inc. (NYSE: BKT) and BlackRock Taxable Municipal Bond Trust (NYSE: BBN) have adopted a Plan whereby the Fund will make fixed monthly distributions to common stockholders and will distribute all available net income to its stockholders, consistent with its investment objective and as required by the Code. The fixed amount distributed per share is subject to change at the discretion of BKT and BBN’s Board. If sufficient net income 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. BKT and BBN are 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. BKT and BBN 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.

BKT and BBN’s estimated sources of the distributions paid as of July 31, 2023 and for its current fiscal year are as follows:

Estimated Allocations as of July 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.088200

$0.011692 (13%)

$0 (0%)

$0 (0%)

$0.076508 (87%)

BBN2

$0.092900

$0.068536 (74%)

$0 (0%)

$0 (0%)

$0.024364 (26%)

Estimated Allocations for the Fiscal Year through July 31, 2023

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.617400

$0.222224 (36%)

$0 (0%)

$0 (0%)

$0.395176 (64%)

BBN2

$0.700300

$0.524878 (75%)

$0 (0%)

$0 (0%)

$0.175422 (25%)

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 BKT and BBN’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT and BBN 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 6/30/2023

Annualized current distribution rate expressed as a percentage of NAV as of 6/30/2023

Cumulative total return (in relation to NAV) for the fiscal year through 6/30/2023

Cumulative fiscal year distributions as a percentage of NAV as 6/30/2023

BKT

(0.78)%

8.30%

1.48%

4.15%

BBN

1.14%

6.21%

7.37%

3.39%

No conclusions should be drawn about BKT or BBN’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.

BlackRock

1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Posted on

Paysign, Inc. to Participate in the August 2023 Sidoti Micro-Cap Virtual Investor Conference

Paysign, Inc. to Participate in the August 2023 Sidoti Micro-Cap Virtual Investor Conference

HENDERSON, Nev.–(BUSINESS WIRE)–
Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services and integrated payment processing, today announced their participation in the Sidoti Micro-Cap Virtual Investor Conference, taking place August 16-17, 2023. Jeff Baker, Paysign’s Chief Financial Officer, will be available for one-on-one and small group meetings with investors during the event.

To register or learn more about the conference, click here.

About Paysign

Paysign, Inc. is a leading provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing designed for businesses, consumers and government institutions. Incorporated in 1995 and headquartered in southern Nevada, the company creates customized, innovative payment solutions for clients across all industries, including pharmaceutical, healthcare, hospitality, and retail. Built on the foundation of a reliable payments platform, Paysign’s end-to-end technologies securely enable digital payout solutions and facilitate the distribution of funds for donor compensation, copay assistance, customer incentives, employee rewards, travel expenses, per diem, reimbursements, rebates, and countless other exchanges of value. Paysign’s solutions lower costs, streamline operations and improve customer, employee and partner loyalty. To learn more, visit paysign.com.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There is no assurance that such statements will prove to be accurate, and actual results and future events could differ materially. Paysign undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.

Investor Relations

[email protected]

888.522.4853

paysign.com/investors

Media Relations

Alicia Ches

888.522.4850

[email protected]

KEYWORDS: Nevada United States North America

INDUSTRY KEYWORDS: General Health Banking Health Professional Services Fintech

MEDIA:

Logo
Logo
Posted on

American Tower Corporation Announces Participation in Upcoming August Investor Conferences

American Tower Corporation Announces Participation in Upcoming August Investor Conferences

BOSTON–(BUSINESS WIRE)–
American Tower Corporation (NYSE: AMT) today announced that it will participate in the following upcoming investor conferences:

  • Monday, August 7, 2023, 10:00 a.m. MT (12:00 p.m. ET) – KeyBanc Capital Markets Technology Leadership Forum: Ed Knapp, Senior Vice President and Chief Technology Officer, will host a fireside chat
  • Tuesday, August 8, 2023, 11:15 a.m. MT (1:15 p.m. ET) – TD Cowen 9th Annual Communications Infrastructure Summit: Steve Vondran, Executive Vice President and President, U.S. Tower, will host a fireside chat

Live webcasts and replays of the presentations will be accessible from the Investor Relations section of American Tower’s website at www.americantower.com/investor-relations.

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 226,000 communications sites and a highly interconnected footprint of U.S. data center facilities. For more information about American Tower, please visit www.americantower.com.

ATC Contact: Adam Smith

Senior Vice President, Investor Relations

Telephone: (617) 375-7500

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: REIT Data Management Commercial Building & Real Estate Technology Construction & Property

MEDIA:

Logo
Logo