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Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK–(BUSINESS WIRE)–
Today, 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 Trust II (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 Trust II (NYSE: BSTZ), 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), and BlackRock Capital Allocation Trust (NYSE:BCAT) (collectively, the “Funds”) paid the following distributions per share

Fund

Pay Date

Per Share

BCX

March 31, 2021

$0.040000

BDJ

March 31, 2021

$0.050000

BGR

March 31, 2021

$0.037500

BGY

March 31, 2021

$0.033800

BME

March 31, 2021

$0.200000

BMEZ

March 31, 2021

$0.145000

BOE

March 31, 2021

$0.063000

BUI

March 31, 2021

$0.121000

CII

March 31, 2021

$0.087500

BST

March 31, 2021

$0.226000

BSTZ

March 31, 2021

$0.171000

EGF

March 31, 2021

$0.041000

DSU

March 31, 2021

$0.060500

FRA

March 31, 2021

$0.066700

BGT

March 31, 2021

$0.064700

HYT

March 31, 2021

$0.077900

BTZ

March 31, 2021

$0.083900

BLW

March 31, 2021

$0.098100

BHK

March 31, 2021

$0.074600

BIT

March 31, 2021

$0.123700

BCAT

March 31, 2021

$0.104100

Each of the Funds has adopted a managed distribution plan (the “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 Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its primary investment objectives and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient net income is not available on a monthly basis, the Funds will distribute long-term capital gains and/or return capital to their 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 March 31, 2021

Fund

Distribution

Net Income

Net Realized Short-

Term Gains

Net Realized Long-

Term Gains

Return of Capital

BCX1

$0.040000

$0.040000 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BDJ

$0.050000

$0.050000 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BGR1

$0.037500

$0.036048 (96%)

$0 (0%)

$0 (0%)

$0.001452 (4%)

BGY1

$0.033800

$0.005697 (17%)

$0 (0%)

$0.026100 (77%)

$0.002003 (6%)

BME

$0.200000

$0 (0%)

$0.061307 (31%)

$0.138693 (69%)

$0 (0%)

BMEZ

$0.145000

$0 (0%)

$0.145000 (100%)

$0 (0%)

$0 (0%)

BOE1

$0.063000

$0.018789 (30%)

$0 (0%)

$0.044211 (70%)

$0 (0%)

BUI1

$0.121000

$0.029526 (24%)

$0 (0%)

$0.091474 (76%)

$0 (0%)

CII

$0.087500

$0.012533 (14%)

$0 (0%)

$0.074967 (86%)

$0 (0%)

BST

$0.226000

$0 (0%)

$0 (0%)

$0.226000 (100%)

$0 (0%)

BSTZ

$0.171000

$0 (0%)

$0 (0%)

$0.171000 (100%)

$0 (0%)

EGF1

$0.041000

$0.026792 (65%)

$0 (0%)

$0 (0%)

$0.014208 (35%)

DSU

$0.060500

$0.060500 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

FRA

$0.066700

$0.066700 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BGT

$0.064700

$0.064700 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

HYT1

$0.077900

$0.066294 (85%)

$0 (0%)

$0 (0%)

$0.011606 (15%)

BTZ

$0.083900

$0.083900 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BLW

$0.098100

$0.098100 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BHK

$0.074600

$0.074600 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BIT1

$0.123700

$0.075948 (61%)

$0 (0%)

$0 (0%)

$0.047752 (39%)

BCAT1

$0.104100

$0.028130 (27%)

$0 (0%)

$0 (0%)

$0.075970 (73%)

 

Estimated Allocations for the Fiscal Year through March 31, 2021

Fund

Distribution

Net Income

Net Realized Short-

Term Gains

Net Realized Long-

Term Gains

Return of Capital

BCX1

$0.120000

$0.072091 (60%)

$0 (0%)

$0 (0%)

$0.047909 (40%)

BDJ

$0.150000

$0.150000 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BGR1

$0.112500

$0.085178 (76%)

$0 (0%)

$0 (0%)

$0.027322 (24%)

BGY1

$0.101400

$0.005697 (6%)

$0 (0%)

$0.026100 (26%)

$0.069603 (68%)

BME

$0.600000

$0 (0%)

$0.061307 (10%)

$0.538693 (90%)

$0 (0%)

BMEZ

$0.345000

$0 (0%)

$0.345000 (100%)

$0 (0%)

$0 (0%)

BOE1

$0.189000

$0.046077 (24%)

$0 (0%)

$0.123810 (66%)

$0.019113 (10%)

BUI1

$0.363000

$0.085751 (24%)

$0 (0%)

$0.248133 (68%)

$0.029116 (8%)

CII

$0.262500

$0.015620 (6%)

$0 (0%)

$0.246880 (94%)

$0 (0%)

BST

$0.600000

$0 (0%)

$0 (0%)

$0.600000 (100%)

$0 (0%)

BSTZ

$0.401000

$0 (0%)

$0 (0%)

$0.401000 (100%)

$0 (0%)

EGF1

$0.082000

$0.067792 (83%)

$0 (0%)

$0 (0%)

$0.014208 (17%)

DSU

$0.121000

$0.121000 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

FRA

$0.133400

$0.133400 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BGT

$0.129400

$0.129400 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

HYT1

$0.155800

$0.144194 (93%)

$0 (0%)

$0 (0%)

$0.011606 (7%)

BTZ

$0.167800

$0.167800 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BLW

$0.196200

$0.196200 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BHK

$0.149200

$0.149200 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BIT1

$0.618500

$0.418589 (68%)

$0 (0%)

$0 (0%)

$0.199911 (32%)

BCAT1

$0.312300

$0.028130 (9%)

$0 (0%)

$0 (0%)

$0.284170 (91%)

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:

Trust

Average annual total

return (in relation to

NAV) for the 5-year

period ending on

2/28/2021

Annualized current

distribution rate

expressed as a

percentage of NAV as of

2/28/2021

Cumulative total return

(in relation to NAV) for

the fiscal year through

2/28/2021

Cumulative fiscal year

distributions as a

percentage of NAV as of

2/28/2021

BCX

10.11%

5.27%

8.68%

0.88%

BDJ

10.87%

6.24%

3.97%

1.04%

BGR

0.57%

4.82%

15.25%

0.80%

BGY

8.56%

6.33%

(0.11)%

1.05%

BME

14.66%

5.38%

(1.50)%

0.90%

BMEZ*

56.89%

5.80%

(1.72)%

0.67%

BOE

8.93%

6.21%

0.33%

1.03%

BUI

11.42%

6.27%

(1.68)%

1.04%

CII

14.61%

5.36%

3.39%

0.89%

BST

33.76%

5.03%

4.22%

0.69%

BSTZ*

123.24%

4.99%

6.81%

0.56%

EGF

1.99%

3.75%

(1.41)%

0.31%

DSU

8.38%

6.20%

1.95%

0.52%

FRA

6.63%

5.70%

2.12%

0.48%

BGT

6.57%

5.70%

2.10%

0.48%

HYT

11.36%

7.76%

1.34%

0.65%

BTZ

9.80%

6.52%

(1.22)%

0.54%

BLW

9.42%

6.89%

1.50%

0.57%

BHK

8.82%

5.59%

(2.21)%

0.47%

BIT

10.99%

8.03%

7.73%

2.68%

BCAT*

7.03%

5.92%

1.19%

0.99%

* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 2/28/2021.

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.

BKT has adopted a Plan whereby beginning August 2018 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’s Board. If sufficient net income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. The Fund is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). The Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. BKT 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’s estimated sources of the distributions paid as of March 31, 2021 and for its current fiscal year are as follows:

Estimated Allocations as of March 31, 2021

 

Fund

Distribution

Net Income

Net Realized

Short-Term Gains

Net Realized Long-

Term Gains

Return of Capital

 

BKT

$0.034400

$0.031702 (92%)

$0 (0%)

$0 (0%)

$0.002698 (8%)

 

 

Estimated Allocations for the Fiscal Year through March 31, 2021

 

Fund

Distribution

Net Income

Net Realized

Short-Term Gains

Net Realized Long-

Term Gains

Return of Capital

 

BKT

$0.068800

$0.066102 (96%)

$0 (0%)

$0 (0%)

$0.002698 (4%)

 

 

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

2/28/2021

Annualized current

distribution rate

expressed as a percentage

of NAV as of 2/28/2021

Cumulative total return

(in relation to NAV) for

the fiscal year through

2/28/2021

Cumulative fiscal year

distributions as a

percentage of NAV as

2/28/2021

BKT

3.41%

6.70%

0.24%

0.56%

 

No conclusions should be drawn about BKT’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 | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities 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 Closed-End Funds

1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

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BankUnited, Inc. Announces Quarterly Dividend

BankUnited, Inc. Announces Quarterly Dividend

MIAMI LAKES, Fla.–(BUSINESS WIRE)–
BankUnited, Inc. (NYSE:BKU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. The dividend will be payable on April 30, 2021 to stockholders of record at the close of business on April 15, 2021.

About BankUnited, Inc.

BankUnited, Inc. (NYSE: BKU), with total assets of $35.0 billion at December 31, 2020, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida and in the New York metropolitan area. BankUnited also offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.Official and on Twitter @BankUnited.

Corporate Communications:

Donna Crump-Butler

305-231-6707

[email protected]

KEYWORDS: United States North America Florida

INDUSTRY KEYWORDS: Banking Professional Services

MEDIA:

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Oak Hill Capital Completes Acquisition of Otelco Inc.

NEW GLOUCESTER, Maine, March 31, 2021 (GLOBE NEWSWIRE) — Otelco Inc. (NASDAQ: OTEL) (“Otelco” or the “Company”), a wireline telecommunications services provider in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont, and West Virginia, today announced an entity formed by Oak Hill Capital (“Oak Hill”), a private equity firm, completed its acquisition of Otelco Inc. for $11.75 per share in cash, representing a total equity purchase price of approximately $40.6 million. As a result of the transaction’s completion, Otelco’s common stock will cease trading at the close of market today and will be delisted from the NASDAQ Stock Market.

Oak Hill is an experienced investor in the fiber-to-the-premises space. The firm’s current investments include NetSpeed LLC d/b/a GoNetspeed (“GoNetspeed”), a fiber-to-the-premises operator serving residential and business customers in Pennsylvania and Connecticut, and Lantek Fiber Optic Services, Inc. (“Lantek”), a fiber construction company. Oak Hill’s acquisitions of Otelco, GoNetspeed, and Lantek bring together the talent and resources to accelerate fiber network deployment throughout their combined footprint.

“We are excited to work with Otelco, GoNetspeed and Lantek to expand the availability of fiber-based data services in the communities where the companies operate,” said Scott Baker and Benjamin Diesbach, Partners of Oak Hill. “We are thrilled to partner with Richard Clark, who will continue to serve as President and CEO of the combined group of companies, and the rest of the senior management teams to become a leading fiber-to-the-premises operator in the northeastern United States.”

Richard Clark, President and CEO of Otelco, commented, “This is an exciting day for Otelco, GoNetspeed and Lantek, and their customers. With the full strategic and financial support of Oak Hill, we are now uniquely positioned to rapidly expand our fiber network investments and provide exciting new capabilities to current and prospective customers and communities.”

“We are committed to providing the best communication services to our customers. We believe that bringing the companies together will drive innovation to deliver reliable, high-speed fiber internet to more homes and businesses,” added Trevor Jones, Otelco’s head of Marketing and Customer Operations and GoNetspeed’s head of Sales and Marketing, Michael D’Angelo. “We are excited to combine our efforts to accelerate the expansion of our best-in-class internet service.”

Lazard Middle Market LLC served as financial advisor and Troutman Pepper Hamilton Sanders LLP served as legal advisor to Otelco. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Oak Hill.

ABOUT OTELCO

Otelco Inc. provides wireline telecommunications services in Alabama, Maine, Massachusetts, Missouri, New Hampshire, Vermont and West Virginia passing more than 67,000 locations. The Company’s services include local and long-distance telephone, digital high-speed data lines, transport services, network access, cable television and other related services. It also provides competitive retail and wholesale communications services and technology consulting, and managed services. For more information, visit the Company’s website at www.otelco.com.

ABOUT GONETSPEED

GoNetspeed is a high-speed fiber-optic internet provider serving residential and business customers. GoNetspeed has been delivering high-speed fiber internet to more than 20 communities and passing over 70,000 homes and business in Hartford, New Haven, and Fairfield counties and surrounding areas in CT, and 15,000 homes and businesses in Beaver county and surrounding areas in PA. For more information on the company, or to inquire about service in your residence or community, please visit www.gonetspeed.com

ABOUT LANTEK

Lantek was founded in 2004 and specializes in all aspects of fiber-to-the-premises construction including underground, splicing and all aspects of installation. Lantek provides services in New York, Pennsylvania and Connecticut.

ABOUT OAK HILL CAPITAL

Oak Hill Capital is a private equity firm managing funds with over $16 billion of initial capital commitments and co-investments since inception. Over the past 35 years, Oak Hill Capital and its predecessors have invested in approximately 100 private equity transactions across broad segments of the U.S. and global economies. Oak Hill Capital applies an industry-focused, theme-based approach to investing in the following sectors: Media & Communications, Services, Industrials, and Consumer. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit: www.oakhill.com.

Contact: Curtis Garner
  Chief Financial Officer
  Otelco Inc.
  205-625-3571
 
[email protected] 



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Chimera Investment Corporation Sponsors Four Residential Mortgage Loan Securitizations and Retires Loan and Related Warrants

Chimera Investment Corporation Sponsors Four Residential Mortgage Loan Securitizations and Retires Loan and Related Warrants

NEW YORK–(BUSINESS WIRE)–
On March 25, 2021, Chimera Investment Corporation (NYSE:CIM) sponsored CIM 2021-R2, a $1.5 billion securitization of seasoned reperforming residential mortgage loans, and CIM 2021-NR2, a $240.4 million securitization of seasoned non-REMIC eligible residential mortgage loans. The mortgage loans for both securitizations were from the call and collapse of Chimera’s CIM 2017-3, CIM 2017-4, and CIM 2018-NR1 securitizations (the “Prior Securitizations”).

Securities issued by CIM 2021-R2, with an aggregate balance of approximately $1.3 billion, were sold in a private placement to institutional investors. These senior securities represented approximately 85% of the capital structure. Chimera retained subordinate interests in securities with an aggregate balance of approximately $224.6 million and certain interest-only securities. Chimera also retained an option to call the securitized mortgage loans at any time beginning in March 2025.

Securities issued by CIM 2021-NR2, with an aggregate balance of approximately $180.3 million, were sold in a private placement to institutional investors. These senior securities represented approximately 75% of the capital structure. Chimera retained subordinate interests in securities with an aggregate balance of approximately $60.1 million. Chimera also retained an option to call the securitized mortgage loans at any time beginning in March 2022.

Chimera’s expected weighted average cost of debt of these two securitizations is 2.24% compared to a weighted cost of debt of 4.22% for the Prior Securitizations.

In addition, Chimera sponsored two prime jumbo securitizations, $404.8 million of CIM 2021-J1 and $479.1 million of CIM 2021-J2, in March. Both securitizations are rated by Moody’s and Fitch.

Lastly, on March 26, 2021, Chimera paid off a $400 million loan secured by certain mortgage-backed securities and subsequently retired for cash all associated warrants at a discount to a trailing 30-day average price of its common stock.

Disclaimer

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “target,” “assume,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these and other risk factors is contained in Chimera’s most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

About Chimera Investment Corporation

We are a publicly traded REIT that is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of real estate assets, including mortgage loans, Non-Agency RMBS, Agency CMBS, Agency RMBS, and other real estate assets.

Please visit www.chimerareit.com for additional information about the Company.

Investor Relations

888-895-6557

www.chimerareit.com

KEYWORDS: New York United States North America

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

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Yamana Gold Announces Virtual Meeting for 2021 Annual Meeting of Shareholders; Provides Notice of First Quarter 2021 Results

TORONTO, March 31, 2021 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX: YRI; NYSE: AUY; LSE: AUY) (“Yamana” or “the Company”) provided notice today that its Annual Shareholder Meeting (“Annual Meeting”) will be held in a virtual only meeting format due to the continuing public health concerns caused by the COVID-19 pandemic.

The Company also today announced that it will release its first quarter 2021 operational and financial results after the close on April 28, 2021, followed by a conference call and webcast on April 29, 2021, at 8:30 a.m. Eastern Daylight Time (“EDT”). Additional details are provided below.

Details of Annual Meeting

The Annual Meeting will take place via live webcast on April 29, 2021, at 11:00 a.m. EDT. In order to ensure the health and safety of all, it will be a virtual meeting only. No one will be able to attend the Annual Meeting in person.

We expect to revert to an in-person annual meeting format in future years after public health conditions have improved.

For details on how shareholders will be able to register, attend, participate and vote at the Annual Meeting, please see the Company’s Management Information Circular, which will be posted on the Company’s website, www.yamana.com, closer to the meeting date. Shareholders who have questions about voting their shares or attending the Annual Meeting may contact Computershare Trust Company at 1-800-564-6253 or 514-982-7555 in North America, and +44 (0)370-702-000 in the United Kingdom. Shareholders can also contact Yamana Investor Relations by email at [email protected].

Your vote is important. Whether or not you plan to attend the Annual Meeting, we urge you to vote and submit your proxy in advance of the meeting by one of the methods described in the proxy materials for the Annual Meeting to ensure that your shares are represented and voted at the Annual Meeting.

Attending the Annual Meeting as a Shareholder of Record or Appointed Proxyholder

If you were a holder of record of Yamana common shares as of March 12, 2021 (the “Record Date”) (i.e., you held your shares in your own name as reflected in the records of our transfer agent, Computershare Trust Company of Canada), or if you are a duly appointed proxyholder, you may attend the virtual Annual Meeting by completing the following steps:

  1. Log in at https://web.lumiagm.com/499574952, allowing enough time to make sure you are connected;
  2. If you are a registered shareholder or duly appointed proxyholder, click on “I have a Control Number” and enter the control number on your proxy form (appointed proxyholders will enter their username provided by Computershare – see instructions on how to appoint a proxyholder in the Management Information Circular);
  3. Enter the password: “yamana2021” (case sensitive).

First Quarter 2021 Results

The Company will release its first quarter 2021 operational and financial results after the close on April 28, 2021, followed by a conference call and webcast on April 29, 2021, at 8:30 am EDT.

First Quarter 2021 Conference Call

Toll Free (North America): 1-800-898-3989
Toronto Local and International: 416-406-0743
Toll Free UK 00-80042228835
Passcode 1738987#
Webcast: www.yamana.com
   
Conference Call Replay  
   
Toll Free (North America): 1-800-408-3053
Toronto Local and International: 905-694-9451
Toll Free (UK) 00-80033663052
Passcode: 6103145#

The conference call replay will be available from 12:00 p.m. EDT on April 29, 2021, until 11:59 p.m. EDT on May 29, 2021.

About Yamana

Yamana Gold Inc. is a Canadian-based precious metals producer with significant gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. Yamana plans to continue to build on this base through expansion and optimization initiatives at existing operating mines, development of new mines, the advancement of its exploration properties and, at times, by targeting other consolidation opportunities with a primary focus in the Americas.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Investor Relations

416-815-0220
1-888-809-0925
Email: [email protected] 

FTI Consulting (UK Public Relations)

Sara Powell / Ben Brewerton
+44 7974 201 715 / +44 203 727 1000
Email: [email protected]

Credit Suisse (Joint UK Corporate Broker)

Ben Lawrence / David Nangle
Telephone: +44 (0) 20 7888 8888

Joh. Berenberg Gossler & Co. KG (Joint UK Corporate Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi
Telephone: +44 (0) 20 3207 7800

Peel Hunt LLP (Joint UK Corporate Broker)

Ross Allister / David McKeown / Alexander Allen
Telephone: +44 (0) 20 7418 8900



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Trustmark Corporation to Announce First Quarter Financial Results April 27 and Conduct Earnings Conference Call April 28

Trustmark Corporation to Announce First Quarter Financial Results April 27 and Conduct Earnings Conference Call April 28

JACKSON, Miss.–(BUSINESS WIRE)–
Trustmark Corporation (Nasdaq:TRMK) will announce its first quarter 2021 financial results in a news release on Tuesday, April 27, 2021, after close of the market. Duane A. Dewey, President and Chief Executive Officer, will conduct a conference call with analysts on Wednesday, April 28, 2021, at 8:30 a.m. Central Time to discuss the Corporation’s financial results. Interested parties may listen to the conference call by dialing (877) 317-3051 or by clicking on the link provided under the Investor Relations section of our website at www.trustmark.com. A replay of the conference call will also be available through Wednesday, May 12, 2021, in archived format at the same web address or by calling (877) 344-7529, passcode 10153927.

Trustmark is a financial services company providing banking and financial solutions through 181 offices in Alabama, Florida, Mississippi, Tennessee and Texas.

Trustmark Contacts:

Investors:

Thomas C. Owens

Treasurer and

Principal Financial Officer

601-208-7853

F. Joseph Rein, Jr.

Senior Vice President

601-208-6898

Media:
Melanie A. Morgan

Senior Vice President

601-208-2979

KEYWORDS: United States North America Mississippi

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Invitation Homes Announces Dates for First Quarter 2021 Earnings Release and Conference Call

Invitation Homes Announces Dates for First Quarter 2021 Earnings Release and Conference Call

DALLAS–(BUSINESS WIRE)–
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) today announced that it will release its first quarter 2021 financial and operating results on Wednesday, April 28, 2021, after the market closes. The Company will host a conference call on Thursday, April 29, 2021 at 11:00 a.m. Eastern time to review first quarter results, discuss recent events, and conduct a question-and-answer session.

The conference call will be available via webcast on the Invitation Homes Investor Relations website at www.invh.com.

To participate in the live telephone conference call:

Domestic Dial-in Number: 1-888-317-6003

International Dial-in Number: 1-412-317-6061

Passcode: 7778021

To access a telephone replay of the call:

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

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

Passcode: 10153624

Date Accessible Through: May 29, 2021

About Invitation Homes:

Invitation Homes 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 close 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:

Scott McLaughlin

Phone: 844.456.INVH (4684)

Email: [email protected]

Media Relations:

Kristi DesJarlais

Phone: 972.421.3587

Email: [email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Professional Services Other Professional Services Residential Building & Real Estate Finance Construction & Property Banking

MEDIA:

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Magellan Midstream to Announce First-Quarter 2021 Financial Results on April 29

PR Newswire

TULSA, Okla., March 31, 2021 /PRNewswire/ — Magellan Midstream Partners, L.P. (NYSE: MMP) plans to announce financial results for first quarter 2021 before the market opens on Thurs., April 29. Management will discuss first-quarter 2021 earnings and outlook for the remainder of the year during a conference call with analysts at 1:30 p.m. Eastern the same day.

Participants are encouraged to listen to the call via the partnership’s website at www.magellanlp.com/investors/webcasts.aspx. In addition, a limited number of phone lines will be available at (800) 954-0603, conference code 21993073.

A replay of the audio webcast will be available for at least 30 days at www.magellanlp.com.

About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. The partnership owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.

###


Contact:

Paula Farrell

(918) 574-7650


[email protected]

 

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SOURCE Magellan Midstream Partners, L.P.

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IIROC Trading Resumption – RKV

Canada NewsWire

VANCOUVER, BC, March 31, 2021 /CNW/ – Trading resumes in:

Company: RAKOVINA THERAPEUTICS INC. (formerly Vincero Capital Corp.)

TSX-Venture Symbol: RKV (formerly VCO.P)

Resumption (ET): 9:30 AM  4/1/2021

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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Standex International Announces Divestiture of Enginetics Corporation

–Transaction Consistent with Long-Term Growth Strategy–

PR Newswire

SALEM, N.H., March 31, 2021 /PRNewswire/ — Standex International Corporation (“Standex”) (NYSE: SXI) today announced that it has divested Enginetics Corporation, its jet engine components business, to Enjet Aero, LLC, a privately-held aerospace engine component manufacturing company, for approximately $11.5 million in cash.  Enginetics generated approximately $9 million in revenue in the first nine months of fiscal 2021.

Standex expects to incur non-cash charges associated with the divestiture including goodwill charges in the fiscal third quarter of 2021. Standex expects that the pre-tax charge including transaction costs will range from $14.5 million to $15.5 million with approximately $13 million attributable to goodwill and other intangible assets.

“Today’s sale of Enginetics enables our Engineering Technologies Group to focus on the higher growth and margin opportunities of its core spin forming solutions business that serves the space, commercial aviation and defense end markets. In addition, our significant financial flexibility and strong balance sheet continue to position us very well to pursue an active pipeline of organic and inorganic opportunities and further drive profitable growth.  The transaction will also be immediately accretive to our operating margin,” commented President and Chief Executive Officer David Dunbar.

“We believe Enjet’s stewardship and complementary business will be beneficial to both customers and employees of Enginetics.  I want to thank the employees of Enginetics for their dedication and contributions to Standex,” concluded Dunbar.

Seale & Associates acted as exclusive financial advisor to Standex on the transaction.

About Standex

Standex International Corporation is a multi-industry manufacturer in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Brazil, Turkey, South Africa, India and China.  For additional information, visit the Company’s website at http://standex.com/.

Forward-Looking Statements

Statements contained in this Press Release that are not based on historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as “should,” “could,” “may,” “will,” “expect,” “believe,” “estimate,” “anticipate,” “intend,” “continue,” or similar terms or variations of those terms or the negative of those terms. There are many factors that affect the Company’s business and the results of its operations and that may cause the actual results of operations in future periods to differ materially from those currently expected or anticipated. These factors include, but are not limited to: the impact of pandemics such as the current coronavirus on employees, our supply chain, and the demand for our products and services around the world; materially adverse or unanticipated legal judgments, fines, penalties or settlements; conditions in the financial and banking markets, including fluctuations in exchange rates and the inability to repatriate foreign cash; domestic and international economic conditions, including the impact, length and degree of economic downturns on the customers and markets we serve and more specifically conditions in the automotive, construction, aerospace, transportation, food service equipment, consumer appliance, energy, oil and gas and general industrial markets; lower-cost competition; the relative mix of products which impact margins and operating efficiencies in certain of our businesses; the impact of higher raw material and component costs, particularly steel, certain materials used in electronics parts, petroleum based products, and refrigeration components; an inability to realize the expected cost savings from restructuring activities including effective completion of plant consolidations, cost reduction efforts including procurement savings and productivity enhancements, capital management improvements, strategic capital expenditures, and the implementation of lean enterprise manufacturing techniques; the potential for losses associated with the exit from or divestiture of businesses that are no longer strategic or no longer meet our growth and return expectations; the inability to achieve the savings expected from global sourcing of raw materials and diversification efforts in emerging markets; the impact on cost structure and on economic conditions as a result of actual and threatened increases in trade tariffs; the inability to attain expected benefits from acquisitions and the inability to effectively consummate and integrate such acquisitions and achieve synergies envisioned by the Company; market acceptance of our products; our ability to design, introduce and sell new products and related product components; the ability to redesign certain of our products to continue meeting evolving regulatory requirements; the impact of delays initiated by our customers; and our ability to increase manufacturing production to meet demand; and potential changes to future pension funding requirements. In addition, any forward-looking statements represent management’s estimates only as of the day made and should not be relied upon as representing management’s estimates as of any subsequent date. While the Company may elect to update forward-looking statements at some point in the future, the Company and management specifically disclaim any obligation to do so, even if management’s estimates change.

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SOURCE Standex International Corporation