Market Newsdesk

December 7, 2021 5:16 pm

SHAREHOLDER ALERT: Lowey Dannenberg, P.C., Investigates Claims on Behalf of Investors of Discover Financial Services (DFS) and Encourages Investors to Contact the Firm

NEW YORK, Dec. 07, 2021 (GLOBE NEWSWIRE) — Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating claims of violations of federal securities laws on behalf of investors of Discover Financial Services (“Discover” or the “Company”) (NYSE: DFS).

The investigation concerns whether Discover and certain of its officers and directors have engaged in violation of the securities laws and/or other business practices.

If you suffered loss in Discover and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact our attorneys at (914) 733-7256 or via email at [email protected].

Whistleblowers: Persons with non-public information regarding Discover should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

Contact

Lowey Dannenberg P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
Tel: (914) 733-7256
Email: [email protected]

December 7, 2021 5:09 pm

Anzu Special Acquisition Corp I Announces Forward Purchase Agreements of Up to $120 Million and Further $120 Million Right of First Offer on Potential Private Placement

Anzu Special Acquisition Corp I Announces Forward Purchase Agreements of Up to $120 Million and Further $120 Million Right of First Offer on Potential Private Placement

TAMPA, Fla.–(BUSINESS WIRE)–
Anzu Special Acquisition Corp I (the “Company” or “ANZU”), today announced the signing of forward purchase agreements with certain institutional investors, anchored by Arena Capital Advisors, LLC and Fir Tree Partners, for up to $120 million in investment in conjunction with a potential business combination, including up to $80 million of convertible notes and up to $40 million of the Company’s Class A common stock. Purchasers of the Company’s Class A common stock also would receive from the Company’s sponsor a fraction of a warrant at no consideration, with each whole warrant exercisable to purchase one share of the Company’s Class A common stock.

In addition, under the forward purchase agreements, the forward purchasers have a right of first offer on up to $120 million of the Company’s equity securities if the Company determines to raise capital by the private placement of equity securities in connection with its initial business combination.

The closing under the forward purchase agreements will occur immediately prior the closing of the Company’s initial business combination and is subject to certain conditions, including the approval of the forward purchasers’ respective investment committees to purchase the securities. For additional information regarding the forward purchase agreements, see the Company’s Current Report on Form 8‑K filed today with the Securities and Exchange Commission.

The issuance of the securities under the forward purchase agreements will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and will be issued in reliance on the exemption from registration requirements thereof provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.

This press release shall not constitute an offer to sell or the solicitation of an 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 Anzu Special Acquisition Corp I

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on high-quality businesses with transformative technologies for industrial applications.

Additional information on Anzu Special Acquisition Corp I is available at https://anzuspac.com/.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the issuance of the securities under the forward purchase agreements and the amount of proceeds therefrom and the Company’s initial business combination. No assurance can be given that the issuance of the securities under the forward purchase agreements described above will be completed on the terms described, or at all. The Company has not entered into any definitive agreements with respect to a potential business combination and can provide no assurances regarding the timing of entering into such agreements or the closing of any business combination or that the forward purchasers will ultimately decide to invest therein. Forward-looking statements are subject to numerous risks, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s final prospectus for its initial public offering, which was filed with the SEC on March 3, 2021. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207006150/en/

Kalyn Schieffer, [email protected]

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

Logo

December 7, 2021 5:08 pm

BlackBerry to Announce Third Quarter Fiscal Year 2022 Results on December 21, 2021

PR Newswire

WATERLOO, ON, Dec. 7, 2021 /PRNewswire/ — BlackBerry Limited (NYSE: BB; TSX: BB) will report results for the third quarter of fiscal year 2022 at 5:30 p.m. ET on Tuesday, December 21, 2021. The conference call can be accessed by dialing +1 (877) 682-6267 or live streamed on the Company’s website at BlackBerry.com/Investors.

A replay of the conference call will be available at approximately 8:30 p.m. ET on December 21, 2021, by dialing +1 (800) 585-8367 and entering Conference ID #2154299. It will also be available at the link above.

The following table gives target dates for quarterly earnings announcements for the remainder of Fiscal Year 2022 and Fiscal Year 2023. The dates given are for planning purposes only and a press release confirming the earnings date will be issued approximately 2 weeks before.

	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023
Quarter start	Dec 1, 2021	Mar 1, 2022	Jun 1, 2022	Sep 1, 2022	Dec 1, 2022
Quarter end	Feb 28, 2022	May 31, 2022	Aug 31, 2022	Nov 30, 2022	Feb 28, 2023
Planned Earnings Date	Mar 31, 2022	Jun 23, 2022	Sep 27, 2022	Dec 20, 2022	Mar 30, 2023

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including 195M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems. BlackBerry’s vision is clear – to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.
For more information, visit BlackBerry.com and follow @BlackBerry.

Investor Contact:

BlackBerry Investor Relations
+1 (519) 888-7465
[email protected]

Media Contact:

BlackBerry Media Relations
+1 (519) 597-7273
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/blackberry-to-announce-third-quarter-fiscal-year-2022-results-on-december-21-2021-301439371.html

SOURCE BlackBerry Limited

December 7, 2021 5:07 pm

Planet Announces Closing of Business Combination with dMY Technology Group, Inc. IV

Planet Announces Closing of Business Combination with dMY Technology Group, Inc. IV

Planet to Begin Trading on the New York Stock Exchange Under the Ticker “PL” on December 8th, 2021

Gross Proceeds of over $590 million to Support Expansion of Planet’s Operations and Growth Initiatives to Help Create a More Sustainable and Secure Planet

SAN FRANCISCO–(BUSINESS WIRE)–
Planet Labs Inc. (“Planet”), a leading provider of daily data and insights about Earth, today announced the completion of its previously announced business combination (the “Business Combination”) with dMY Technology Group, Inc. IV, a publicly traded special purpose acquisition company (formerly NYSE: DMYQ) (“dMY IV”). The combined company has been renamed Planet Labs PBC and its shares and warrants will commence trading tomorrow, December 8th, 2021, on the New York Stock Exchange under the new ticker symbol “PL”.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211207006148/en/

“Today marks a huge milestone for Planet and our team, representing over a decade of hard work and dedication to using space to help life on earth,” said Planet co-founder and CEO Will Marshall. “Our listing on the NYSE and fully capitalized growth plan will enable us to accelerate our business and work with our partners towards creating a more sustainable and secure world.”

“Planet is a true pioneer, delivering critical insights and solutions to some of the world’s most influential companies and governments,” said Niccolo de Masi, CEO of dMY Technology Group and a member of the combined company’s board of directors. “The company’s rapidly growing and one-to-many data platform business is poised for tremendous growth as data becomes increasingly central to the global economy. With a strong leadership team in place and a growing market for data-driven insights, Planet is well-positioned to further scale the business and drive value for shareholders.”

In connection with the closing of the Business Combination, Planet received gross proceeds of over $590 million, including proceeds from the dMY IV trust account and the previously announced private placement (“PIPE”). The PIPE had participation from CPP Investments, Koch Strategic Platforms, Marc Benioff’s TIME Ventures, and existing Planet investor, Google, among others. The capital will be used to fund Planet’s operations and support new and existing growth initiatives.

The name Planet Labs PBC reflects the company’s status as a Public Benefit Corporation (PBC). Planet’s public benefit purpose is: “To accelerate humanity to a more sustainable, secure and prosperous world by illuminating environmental and social change.”

Planet’s management team, led by CEO and co-founder Will Marshall, Chief Strategy Officer and co-founder Robbie Schingler, CFO and COO Ashley Johnson, and President of Product and Business Kevin Weil, will continue to lead the public company following the Business Combination, as previously announced.

After the closing of the Business Combination, the combined company’s Board of Directors will consist of seven members: Will Marshall, Robbie Schingler, Heidi Roizen, Niccolo de Masi, Vijaya Gadde, Carl Bass and Ita Brennan.

Advisors

Goldman Sachs & Co. LLC served as the exclusive financial advisor to Planet. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC also acted as co-lead placement agents on the PIPE. Morgan Stanley & Co. LLC and Needham & Company, LLC served as financial advisers to dMY IV. Goldman Sachs & Co. LLC was sole bookrunner on the dMY IV IPO, with Needham & Company, LLC and Academy Securities, Inc. serving as co-managers. Latham & Watkins LLP is serving as legal advisor to Planet. White & Case LLP is serving as legal advisor to dMY IV.

About Planet

Planet is a leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest Earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, comprising the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery. To learn more visit www.planet.com and follow us on Twitter at @planet.

Forward-Looking Statements

The matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, our ability to capture the market opportunity ahead of us; whether and when we will be able to execute on our growth initiatives; whether we will realize any of the potential benefits from our acquisition of VanderSat; whether we will be able to successfully build or deploy our satellites, including new satellites that are in development; whether the experience any new executives or board members may have will result in benefits for Planet; and whether we will be able to continue to invest in scaling our sales organization and expanding our software engineering capabilities. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: our limited operating history making it difficult to predict our future operating results; our expectations that our operating expenses will increase substantially for the foreseeable future; whether the market for our products and services that is built upon our data set, which has not existing before, will grow as we expect; whether current customers or prospective customers adopt our platform; whether we will be able to compete effectively with the increasing competition in our market from commercial entities and governments; our international operations creating business and economic risks that could impact our operations and financial results; the interruption or failure of our satellite operations, information technology infrastructure or loss of its data storage, whether by cyber-attacks or other adverse events that limit our ability to perform our daily operations effectively and provide our products and services; whether we experience any adverse events, such as delayed launches, launch failures, our satellites failing to reach their planned orbital locations, our satellites failing to operate as intended, being destroyed or otherwise becoming inoperable, the cost of satellite launches significantly increasing and/or satellite launch providers not having sufficient capacity; our satellites not being able to capture Earth images due to weather, natural disasters or other external factors, or as a result of our constellation of satellites having restrained capacity; if we are unable to develop and release product and service enhancements to respond to rapid technological change, or to develop new designs and technologies for our satellites, in a timely and cost-effective manner; downturns or volatility in general economic conditions, including as a result of the current COVID-19 pandemic or any other outbreak of an infectious disease; the loss of one or more of our key personnel, or our failure to attract, hire, retain and train other highly qualified personnel in the future; our ability to raise adequate capital, including on acceptable terms, to finance our business strategies; the impact our indebtedness has on our ability to raise additional capital to fund our operations, operate our business and react to changes in the economy or our industry; how rules and regulations in our highly regulated industry may impact our business; if we fail to maintain effective internal controls over financial reporting at a reasonable assurance level; and the other factors described under the heading “Risk Factors” in the Registration Statement on Form S-4 filed by dMY IV with the Securities and Exchange Commission (SEC) and any subsequent filings with the SEC we may make. Copies of each filing may be obtained from us or the SEC. All forward-looking statements reflect our beliefs and assumptions only as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect future events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211207006148/en/

Press

Trevor Hammond

[email protected]

John Christiansen/Cassandra Bujarski

Sard Verbinnen & Co

[email protected]

ICR

[email protected]

Investors

Chris Genualdi

Planet Labs Inc.

[email protected]

Harry You

dMY Technology Group, Inc. IV

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Aerospace Manufacturing Satellite

MEDIA:

Logo

December 7, 2021 5:05 pm

Gaming and Leisure Properties Announces Pricing of $800,000,000 of 3.250% Senior Notes Due 2032

WYOMISSING, Pa., Dec. 07, 2021 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $800.0 million aggregate principal amount of 3.250% Senior Notes Due 2032 (the “Notes”), to be issued by its operating partnership, GLP Capital, L.P. (the “Operating Partnership”), and GLP Financing II, Inc., a wholly owned subsidiary of the Operating Partnership (together with the Operating Partnership, the “Issuers”). The Notes priced at 99.376%. The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.

The Issuers intend to use the net proceeds from the offering to partially finance the acquisition of the real property assets of Live! Casino & Hotel Maryland, Live! Casino & Hotel Philadelphia, and Live! Casino Pittsburgh, including applicable long-term ground leases, from affiliates of The Cordish Companies (the “Cordish Acquisitions”). Pending the closing of the Cordish Acquisitions, the Issuers intend to use the net proceeds from the offering to repay borrowings under the senior credit facility of the Operating Partnership or invest in interest-bearing accounts and short-term, interest-bearing securities. The offering is not conditioned upon the successful completion of the Cordish Acquisitions and there is no assurance that the Cordish Acquisitions will be consummated on the anticipated schedule or at all. In the event the Cordish Acquisitions are not consummated, the Issuers intend to use the net proceeds from the offering for working capital and general corporate purposes, which may include the acquisition, development and improvement of properties, the repayment of indebtedness, capital expenditures and other general business purposes.

The offering is expected to close on December 13, 2021, subject to certain closing conditions.

The offering will be made under an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus and prospectus supplement. The preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available by visiting the EDGAR database on the SEC’s website at WWW.SEC.GOV.

Wells Fargo Securities, LLC, BofA Securities, Inc., Fifth Third Securities, Inc., J.P. Morgan Securities LLC, Citizens Capital Markets, Inc., Truist Securities, Inc., Barclays Capital Inc., KeyBanc Capital Markets Inc., M&T Securities, Inc., Capital One Securities, Inc., Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC and Mizuho Securities USA LLC are serving as joint book-running managers for the offering. A copy of the preliminary prospectus supplement, final prospectus supplement (when available) and the accompanying prospectus relating to the offering of the Notes may be obtained by contacting Wells Fargo Securities, LLC by calling 1-800-645-3751, BofA Securities, Inc. by calling 1-800-294-1322, Fifth Third Securities, Inc. by calling 1-866-531-5353 or J.P. Morgan Securities LLC by calling collect 1-212-834-4533.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale will be made only by means of the prospectus supplement and prospectus forming part of the effective registration statement relating to these securities.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

Forward-Looking Statements

This press release includes “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, including our expectations regarding our ability to complete the offering and apply the net proceeds as indicated, and to complete the Cordish Acquisitions and related transactions and the accretive impact of such transactions. Forward-looking statements can be identified by the use of forward-looking terminology, such as “expects”, “believes”, “estimates”, “intends”, “may”, “will”, “should” or “anticipates” or the negative or other variation of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Such forward looking statements are inherently subject to risks, uncertainties and assumptions about GLPI and its subsidiaries, including risks related to the following: (i) our ability to successfully consummate the offering and the Cordish Acquisitions and related transactions, including the ability of the parties to satisfy various closing conditions, receipt of required regulatory approvals, or other delays or impediments to completing the proposed transactions; (ii) the effect of pandemics, such as the COVID-19 pandemic, on us as a result of the impact of such pandemics on the business operations of its tenants and their continued ability to pay rent in a timely manner or at all; (iii) our ability to receive, or delays in obtaining, the regulatory approvals required to own and/or operate its properties; (iv) GLPI’s ability to maintain its status as a real estate investment trust (“REIT”); (v) our ability to access capital through debt and equity markets in amounts and at rates and costs acceptable to us; (vi) the impact of substantial indebtedness on our future operations; (vii) changes in the U.S. tax law and other state, federal or local laws, whether or not specific to REITs or to the gaming or lodging industries; and (viii) other factors described in GLPI’s Annual Report on Form 10-K for the year ended December 31, 2020, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the SEC. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur as presented or at all.

Contact:
Gaming and Leisure Properties, Inc.	Investor Relations
Matthew Demchyk, Chief Investment Officer	Joseph Jaffoni, Richard Land, James Leahy at JCIR
610/401-2900	212/835-8500
[email protected]	[email protected]

December 7, 2021 5:04 pm

Robinhood Announces Termination of Resale Registration Statement

MENLO PARK, Calif., Dec. 07, 2021 (GLOBE NEWSWIRE) — Today, Robinhood Markets, Inc. (“Robinhood”) filed to terminate its registration statement for the resale of Class A common stock received by certain shareholders upon the automatic conversion of Tranche I convertible notes in connection with Robinhood’s IPO (the “Conversion Shares”). As previously described in Robinhood’s October 8, 2021 press release, the registration statement had been filed to register the potential resale of these Conversion Shares into the public markets. Robinhood filed the registration statement pursuant to a pre-existing contractual obligation under the purchase agreement for the Tranche I convertible notes. Robinhood itself did not sell any additional securities and the filing did not represent an underwritten secondary offering. Robinhood terminated the registration with today’s filing because the contractual obligation has expired. The termination will take effect as soon as the SEC declares the amendment effective. Although the registration statement will no longer be available, former Tranche I noteholders can continue to sell these shares in the public markets under Rule 144 (which allowed investors to begin selling Conversion Shares on the 91st day after Robinhood’s IPO). Accordingly, the termination of the registration statement will not impact the number of shares of Robinhood Class A common stock that can be sold in the public markets.

Contacts

Media

[email protected]

Investor Relations

[email protected]

December 7, 2021 5:04 pm

West Fraser Announces Senior Leadership Changes

PR Newswire

VANCOUVER, BC, Dec. 7, 2021 /PRNewswire/ – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company“) (TSX and NYSE: WFG) announced today the following management changes:

Sean McLaren, currently the Company’s President, Solid Wood, will become the Company’s Chief Operating Officer,
Kevin Burke, currently the Company’s Vice-President, North American Engineered Wood Products and Renewable Energy, will become the Company’s Senior Vice-President, Wood Products,
Keith Carter, currently the Company’s Vice-President, Western Canada Operations, will become the Company’s Senior Vice-President, Western Canada, and
Alan McMeekin, currently the Company’s Vice-President, European Engineered Wood Products, will become the Company’s Senior Vice-President, Europe.

“These changes further strengthen our management capacity and prepare us for continued success. I am delighted that each of these senior leaders has agreed to take on additional responsibilities within the Company,” said Ray Ferris, President and Chief Executive Officer.

About West Fraser
West Fraser is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. From responsibly sourced and sustainably managed forest resources, the Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers, tissue, and box materials.

Forward-Looking Statements
This news release contains forward-looking information or forward-looking statements (collectively, “forward-looking statements”) within the meaning of applicable securities laws, including those relating to changes in the Company’s management. Any such forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us considering our experience and our perception of historical trends and current conditions. Readers should also refer to the risk factors set forth in the Company’s annual information form and management’s discussion and analysis for the year ended December 31, 2020, each dated February 11, 2021, available at SEDAR (www.sedar.com) and EDGAR (www.sec.gov/edgar.shtml). There can be no assurance that the plans, intentions, or expectations upon which forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to the Company and its shareholders.

View original content:https://www.prnewswire.com/news-releases/west-fraser-announces-senior-leadership-changes-301439590.html

SOURCE West Fraser Timber Co. Ltd.

December 7, 2021 5:03 pm

West Fraser Declares Dividend

PR Newswire

VANCOUVER, BC, Dec. 7, 2021 /PRNewswire/ – West Fraser Timber Co. Ltd. (“West Fraser” or the “Company“) (TSX and NYSE: WFG) has declared today a quarterly dividend of US$0.20 per share on the Common shares and Class B Common shares in the capital of the Company, payable on January 11, 2022 to shareholders of record on December 28, 2021.

As announced on October 27, 2021, West Fraser dividends are now declared and payable in U.S. dollars. Shareholders may elect to receive their dividends in Canadian dollars. Details regarding the election procedure are available on our website at www.westfraser.com in the “Investors/Stock Information/Dividends” section.

Dividends are designated to be eligible dividends pursuant to subsection 89(14) of the Income Tax Act (Canada) and any applicable provincial legislation pertaining to eligible dividends.

View original content:https://www.prnewswire.com/news-releases/west-fraser-declares-dividend-301439589.html

SOURCE West Fraser Timber Co. Ltd.

December 7, 2021 5:03 pm

Resolute Announces Share Repurchase Program

PR Newswire

US $

MONTREAL, Dec. 7, 2021 /PRNewswire/ – Resolute Forest Products Inc. (NYSE: RFP) (TSX: RFP) today announced that its board of directors authorized the repurchase of up to $100 million or 10 million of the company’s common shares, whichever occurs first. Repurchase transactions will be funded using the company’s sources of liquidity.

“Today’s announcement follows recent completion of the share repurchase program announced in March 2020, under which we repurchased 11.5 million shares for $78.3 million, representing 15% of the outstanding shares,” said Remi G. Lalonde, president and chief executive officer. “This new program will allow us to continue to act opportunistically to return capital to shareholders when conditions are right. We remain committed to a balanced approach to capital allocation, using our free cash flow to generate value for shareholders, build a stronger company and drive sustainable economic activity in the communities where we operate.“

Under the new share repurchase program, the company is authorized to repurchase from time to time shares of its outstanding common stock on the open market or in privately negotiated transactions in the United States. The timing and amount of stock repurchases will depend on a variety of factors, including market conditions as well as corporate and regulatory considerations. The share repurchase program may be suspended, modified or discontinued at any time and the company has no obligation to repurchase any amount of its common stock under the program. The repurchase program has no set expiration date. The company intends to make all repurchases in compliance with applicable regulatory guidelines and to administer the plan in accordance with applicable laws, including Rule 10b-8 of the Securities Exchange Act of 1934, as amended.

Cautionary Statements Regarding Forward-Looking Information

Statements in this press release that are not reported financial results or other historical information of Resolute Forest Products Inc. (with its subsidiaries, “we,” “our,” “us” or the “company”) are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. They include, for example, statements relating to the company’s intention to repurchase shares of its common stock from time to time under its stock repurchase program and the source of funding therefor. Forward-looking statements may be identified by the use of forward-looking terminology such as the words “should,” “would,” “could,” “will,” “may,” “expect,” “believe,” “see,” “anticipate,” “continue,” “generate,” “allow,” “maintain,” “build,” “drive,” and other terms with similar meaning indicating possible future events or potential impact on our business or our shareholders.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management’s current assumptions, beliefs, and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties include, among other things, the market price of the company’s stock prevailing from time to time, the nature of other investment opportunities presented to the company, the company’s financial performance and its cash flows from operations, general economic conditions, which could adversely affect the company’s results of operations and cash flows. Additional information regarding factors that may cause actual results to differ materially from these forward-looking statements are set forth under Part I, Item 1A, “Risk Factors,” of our annual report on Form 10-K for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission (or, the “SEC“) on March 1, 2021, which have been heightened by the COVID-19 pandemic, including related governmental responses and economic impacts, market disruptions and resulting changes in consumer habits.

All forward-looking statements in this press release are expressly qualified by the cautionary statements contained or referred above and in the company’s other filings with the SEC and the Canadian securities regulatory authorities. The company disclaims any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

About Resolute Forest Products

Resolute Forest Products is a global leader in the forest products industry with a diverse range of products, including market pulp, tissue, wood products and papers, which are marketed in over 50 countries. The company owns or operates some 40 facilities, as well as power generation assets, in the United States and Canada. Resolute has third-party certified 100% of its managed woodlands to internationally recognized sustainable forest management standards. The shares of Resolute Forest Products trade under the stock symbol RFP on both the New York Stock Exchange and the Toronto Stock Exchange.

Resolute has received regional, North American and global recognition for its leadership in corporate social responsibility and sustainable development, as well as for its business practices. Visit www.resolutefp.com for more information.

View original content:https://www.prnewswire.com/news-releases/resolute-announces-share-repurchase-program-301439615.html

SOURCE Resolute Forest Products Inc.

December 7, 2021 5:03 pm

Summit Hotel Properties Announces Board of Directors Transition

Dan Hansen to Retire as Executive Chairman

Jeff Jones Named Non-Executive Chairman of the Board Effective January 1, 2022

PR Newswire

AUSTIN, Texas, Dec. 7, 2021 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that Dan Hansen will retire from his role as the Company’s Executive Chairman effective December 31, 2021. Mr. Hansen will continue to serve on the Company’s Board of Directors for the remaining term of his current nomination through the 2022 annual meeting of stockholders. Jeff Jones, currently the Company’s Lead Independent Director, will assume the role of Non-Executive Chairman of the Board effective January 1, 2022.

“It has been a tremendous privilege to have led Summit as its CEO for over 10 years and as Executive Chairman during this past year. While I will be leaving my formal role with the Company to pursue other interests, the transition plan we put in place at the beginning of last year has been completed and I believe Jon Stanner, who became President and CEO on January 15^th, 2021, is fully prepared to lead the Company in its next phase of growth. I continue to fully support the strategic direction of the Company and believe with our current management team and continued support by our Board of Directors we are well equipped to lead the Company going forward,” said Mr. Hansen.

“I will forever be grateful for Dan’s guidance, mentorship and friendship. As he transitions to the next phase of his life, he leaves behind a lasting legacy of success, underpinned by a tremendous track record and unwavering commitment to transparency and integrity. His influence at Summit and our industry more broadly has been inspirational for me, and I look forward to continuing his unrelenting pursuit of excellence,” commented Jonathan P. Stanner, the Company’s President and Chief Executive Officer.

“On behalf of the entire Board of Directors, I’d like to sincerely thank Dan for his tremendous efforts and congratulate him on his many accomplishments as a leader of Summit since our IPO in 2011. He has been an integral part of the growth of our company and is widely respected for his dedication and commitment to our industry,” commented Mr. Jones. “The Board has been pleased with the significant progress we have made through the leadership transition, and we look forward to building on the growth being created by our recently announced $822 million transformational acquisition of a 27-hotel portfolio from NewcrestImage,” continued Mr. Jones.

Mr. Jones joined the Company’s Board of Directors in July 2014 and currently serves as the Lead Independent Director, is chairman of the audit committee and a member of the compensation committee. In addition, he is currently Chairman of the Board of Directors, chairman of the audit committee and a member of the compensation committee for Noodles & Company, a publicly held fast-casual restaurant chain. Mr. Jones also serves on the Board of Directors, is the Lead Independent Director, chairs the audit and finance committee and is a member of the compensation committee for Hershey Entertainment and Resorts, a privately held entertainment and hospitality company. He also serves on the Board of Directors of ClubCorp and is a member of the US Bank Advisory Board. Mr. Jones previously served as the President and Chief Financial Officer of Vail Resorts, Inc. where he also sat on the company’s Board of Directors.

In addition, as previously announced in conjunction with the acquisition of the NewcrestImage portfolio, NewcrestImage will have the right to nominate one director to the Company’s Board of Directors at the closing of the transaction which is expected to occur later this year or in the first quarter of next year.

About Summit Hotel Properties

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of December 7, 2021, the Company’s portfolio consisted of 73 hotels, 61 of which are wholly owned, with a total of 11,398 guestrooms located in 23 states.

For additional information, please visit the Company’s website, www.shpreit.com, and follow on Twitter at @SummitHotel_INN.

Forward Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identifiable by use of forward-looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “seek,” “anticipate,” “estimate,” “approximately,” “believe,” “could,” “project,” “predict,” “forecast,” “continue,” “plan,” “likely,” “would” or other similar words or expressions. These forward-looking statements relate to the payment of dividends. Forward-looking statements are based on certain assumptions and can include future expectations, future plans and strategies, financial and operating projections or other forward-looking information. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, the state of the U.S. economy, supply and demand in the hotel industry and other factors as are described in greater detail in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. Unless legally required, the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

View original content to download multimedia:https://www.prnewswire.com/news-releases/summit-hotel-properties-announces-board-of-directors-transition-301439536.html

SOURCE Summit Hotel Properties, Inc.