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NEW YORK, April 6, 2021 /PRNewswire/ — Attorney Advertising– Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against SOS Limited (“SOS” or “the Company”) (NYSE: SOS) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired SOS American depository shares (“ADSs”) between July 22, 2020 and February 25, 2021, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/sos.                           

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose that: (1) SOS had misrepresented the true nature, location, and/or existence of at least one of the principal executive offices listed in its SEC filings; (2) HY and FXK were either undisclosed related parties and/or entities fabricated by the Company; (3) the Company had misrepresented the type and/or existence of the mining rigs that it claimed to have purchased; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: www.bgandg.com/sos or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in SOS you have until May 31, 2021 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

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SOURCE Bronstein, Gewirtz & Grossman, LLC

WASHINGTON, April 6, 2021 /PRNewswire/ — Fannie Mae (OTCQB: FNMA) today announced the results of its nineteenth reperforming loan sale transaction. The deal, which was announced on March 9, 2021, included the sale of 24,755 loans totaling $3.45 billion in unpaid principal balance (UPB), divided into five pools. The winning bidders of the five pools for the transaction were DoubleLine Capital, LP (DoubleLine) for Pool 1; Pacific Investment Management Company LLC (PIMCO) for Pools 2 and 3; JP Morgan Mortgage Acquisition Corp. (Chase) for Pool 4; and LB-Igloo Series IV Trust (Balbec Capital, LP) for Pool 5. The transaction is expected to close on May 14, 2021. The pools were marketed with Citigroup Global Markets Inc. as advisor.

The loan pools awarded in this most recent transaction include:

• Pool 1: 3,917 loans with an aggregate UPB of $739,492,529; average loan size of $188,791; weighted average note rate of 3.74%; and weighted average broker’s price opinion (BPO) loan-to-value ratio of 81%.
• Pool 2: 3,564 loans with an aggregate UPB of $740,448,266; average loan size of $207,758; weighted average note rate of 3.45%; and weighted BPO loan-to-value ratio of 60%.
• Pool 3: 6,911 loans with an aggregate UPB of $673,216,961; average loan size of $97,412; weighted average note rate of 4.96%; and weighted BPO loan-to-value ratio of 61%.
• Pool 4: 5,610 loans with an aggregate UPB of $670,793,934; average loan size of $119,571; weighted average note rate of 4.60%; and weighted BPO loan-to-value ratio of 63%.
• Pool 5: 4,753 loans with an aggregate UPB of $630,944,595; average loan size of $132,747; weighted average note rate of 4.42%; and weighted BPO loan-to-value ratio of 67%.

The cover bids, which are the second highest bids per pool, were 101.25% of UPB (69.72% of BPO) for Pool 1, 100.70% of UPB (55.74% of BPO) for Pool 2, 105.75% of UPB (44.65% of BPO) for Pool 3, 103.10% of UPB (50.11% of BPO) for Pool 4, and 95.50% of UPB (50.70% of BPO) for Pool 5.

Interested bidders can register for ongoing announcements, training, and other information here. Fannie Mae will also post information about specific pools available for purchase on that page.

About Fannie Mae
Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:
fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

Fannie Mae Newsroom

https://www.fanniemae.com/news

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Fannie Mae Resource Center
1-800-2FANNIE

 

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SOURCE Fannie Mae

RBC Wealth Management – U.S. client survey reveals growing interest in ESG and responsible investing, especially among women, with financial advisors ranked as a top source for information to guide investment decisions

MINNEAPOLIS, April 6, 2021 /PRNewswire/ – The winds of investing in the U.S. are shifting and women are a driving force behind the change. A recent client survey conducted by RBC Wealth Management – U.S. shows that responsible investing, namely Environmental, Social and Governance (ESG), is gaining traction. Women are leading the charge for ESG investing and are more likely to have a positive outlook toward this growing investment trend.

Client respondents who identified as women are more than twice as likely as men to say it is extremely important that the companies they invest in integrate ESG factors into their policies and decisions. The survey also found that 74% of women were interested in increasing their share of ESG investments in their current portfolios and were significantly more likely than men to have an interest in learning more about ESG investing.

While the survey revealed that women are leading the charge in ESG investing, more than half of male respondents (53%) also expressed interest in increasing the share of ESG in their current portfolio, and 61% of clients overall shared this position.

“The results from this survey reinforce a belief we’ve had for several years: that responsible investing is poised to become a dominant strategy in the U.S. and that women are leading the adoption,” said Kent McClanahan, Vice-President, Responsible Investing at RBC Wealth Management – U.S. “As responsible investing continues to gain momentum, it is essential to have the right resources to help investors meet their standards in ESG investing and to learn more about the different elements that integrate ESG factors into an investment portfolio. Our advisors are ready to educate, counsel and guide clients to create impact with their investment strategies.”

Overall, about a third (31%) of RBC clients acknowledged the importance of integrating ESG factors into their investment decisions, with female clients rating all elements within the “E” for Environmental and “S” for Social categories in ESG significantly higher than male clients. The “G” for Governance was the one factor that showed no difference by gender and ranked the most important to clients across all ESG elements. Corporate ethics, regulatory compliance followed by transparency were the most important of governance elements for clients.

The results of RBC’s survey support the growing industrywide enthusiasm for ESG investing. A new report from non-profit foundation US SIF: The Forum for Sustainable and Responsible Investment found that at the start of 2020, $17.1 trillion was invested in responsibly invested assets in the U.S., up a staggering 42% from $12 trillion just two years prior. ESG investing was among most popular responsible investing strategies, accounting for a third of all managed assets in the U.S.

Among the other ESG factors, when it came to the “S” in Social, women ranked human rights at 80%, workplace health and safety at 75%, and social justice at 64% as the most important elements for them.

“While these issues likely have been important to women for some time, the growing interest in the “S” factor has no doubt also been impacted by the events of 2020, which put a spotlight on social justice and the effects of systemic racism,” McClanahan said.

Men also thought these “S” elements were important but at lower levels of 62%, 67% and 44%, respectively. On the Environmental side, water scarcity and cleanliness, and pollution and waste management were the most important elements, particularly among female clients.

Financial Advisors Top Source for Information, Education
RBC’s survey also revealed a vast majority of clients (86%) would turn to their financial advisors to find out more about ESG investing, signaling the need for advisors to be ready to guide current and future generations of investors on topics around responsible investing and how they can integrate different ESG considerations into an overall investment portfolio and long-term plan. Advisors have to also recognize that while many clients are interested in ESG investing, they don’t always know where to start in the learning process.

“Advisors need to be prepared to engage in conversation and proactively approach the topic of responsible investing with clients, who are seeking their expertise and guidance as they navigate through new ESG investing opportunities,” McClanahan added. “Responsible investing is an area that will continue to grow as clients express greater interest. RBC Wealth Management will be ready to provide the advice and tools to confidently include ESG investments in clients’ portfolios.”

About the Survey
Survey results are based on responses from 1,003 RBC Wealth Management – U.S. clients in February 2021. The survey was sent via email with a link to an online survey to 20,000 clients, representing a 5% response rate. Of the client responses, 43% are high net worth (HNW) clients with investable assets of $1 million or more.

Click here for additional information on RBC Wealth Management’s ESG capabilities and offerings.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Wealth Management – U.S.
In the United States, RBC Wealth Management operates as a division of RBC Capital Markets, LLC. Founded in 1909, RBC Wealth Management is a member of the New York Stock Exchange, the Financial Industry Regulatory Authority, the Securities Investor Protection Corporation, and other major securities exchanges. RBC Wealth Management has $463 billion in total client assets with more than 2,000 financial advisors operating in 178 locations in 42 states.

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SOURCE RBC Wealth Management – U.S.

MINNEAPOLIS, April 6, 2021 /PRNewswire/ — Green River Wind Farm, an operational 194 megawatt (MW) clean wind energy project located in Lee and Whiteside Counties in Illinois within the PJM Regional Transmission Operator (RTO) system, announced today the first donation of $38,800 to the Green River Community Fund, a charitable initiative associated with the project. Green River Wind Farm has Virtual Power Purchase Agreements (VPPA) with Apple, Akamai Technologies, and Swiss Re, as well as a Power Purchase Agreement (PPA) with Illinois Municipal Electric Agency (IMEA). 3Degrees facilitated the renewable energy aggregation with the corporate power purchasers. The project was developed and is operated by National Grid Renewables, which includes the renewables development company formerly known as Geronimo Energy.

The Green River Community Fund is one of eleven charitable funds initially established by National Grid Renewables, whose foundation as a farmer-friendly, community-focused business includes a commitment to giving back to the communities that host its renewable energy projects. The total estimated charitable commitment for the Green River Community Fund is approximately $775,000.

In addition to the community fund benefits, Green River Wind Farm is positively impacting the local and state economies through job and tax revenue creation. The project employed approximately 200 construction workers at its construction peak and created 10 new full-time jobs at its Operations & Maintenance building located in Deer Grove, Illinois. Additionally, the project is anticipated to provide millions in new tax revenue, as well as landowner income in the form of land lease payments throughout operations.

The Green River Community Fund donations will be leveraged to serve local community members in the cities and towns connected to the local project. A board of directors comprised of local residents and Green River Wind Farm landowners will oversee the grant application and disbursement process.

“These funds will help improve our communities within the area of the Green River Wind Farm Project,” said Rick R. Clary, the Green River Community Fund Board President. “It is the Board’s hope that we can help some organizations and improve or enhance the quality of life within the area. We are excited to start this process and look forward to many years of helping organizations in need.” 

Local charitable organizations interested in learning more about the grant application process can contact the Green River Community Fund’s Board President, Rick Clary, at [email protected].

About National Grid Renewables
National Grid Renewables, part of the competitive, unregulated National Grid Ventures division of National Grid (NYSE: NGG), develops, owns and operates large-scale renewable energy assets across the United States, including solar, wind and battery storage. As a farmer-friendly and community-focused business, National Grid Renewables develops projects for corporations and utilities that seek to repower America’s electricity grid by reigniting local economies and reinvesting in a sustainable, clean energy future.

National Grid Renewables has a robust development pipeline of wind, solar and battery storage projects in various stages of development throughout the United States, as well as geographically diverse operational assets across the country. It supports National Grid’s vision of being at the heart of a clean, fair, and affordable energy future for all. Please visit www.nationalgridrenewables.com to learn more.

Contact: Lindsay Smith
Director, Marketing & Communications
National Grid Renewables
[email protected] 
952-358-5672

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SOURCE National Grid Renewables

IRVING, Texas, April 6, 2021 /PRNewswire/ — Vistra (NYSE: VST) and its subsidiary, Electric Energy, Inc., are today announcing the retirement of the Joppa Power Plant by Sept. 1, 2022, three years earlier than previously disclosed. The revised closing date is part of an agreement Vistra has reached in order to settle a complaint brought by the Sierra Club in 2018 before the Illinois Pollution Control Board concerning allegations of environmental exceedances occurring prior to Vistra’s ownership. Due to the mounting financial and legal pressures that now come from operating coal plants, the company is renewing its call for passage of the Illinois Coal to Solar and Energy Storage Act to facilitate Vistra’s $550-million repurposing of coal plant sites across central and southern Illinois.

“The hardest decisions we make are those that impact the dedicated men and women of our plant workforce and the local communities. In this case, we agreed to shut down the Joppa plant in light of the legal uncertainties and significant economic challenges facing the plant. First and foremost, we will work with our team members and the impacted communities to ensure a just transition, including our commitment to pay $1.1 million in incremental property taxes over three years,” said Curt Morgan, chief executive officer of Vistra. “As part of this just transition, we remain focused on passing the Coal to Solar and Energy Storage Act, which will enable us to reinvest and repurpose sites like Joppa into zero-emission generation, using existing infrastructure, creating jobs, and adding to the property tax base. We have a construction-ready plan to invest $550 million, including approximately $59 million at the Joppa location, to transform coal plant sites into renewable energy centers.”

Vistra is in the process of working with the plant’s local union leadership and will honor the plant’s locally negotiated commitments regarding severance and outplacement benefits, as well as wages, health care, and other benefits during the remainder of operations.

Vistra strives to provide workers and communities with as much advanced notice as possible ahead of a plant retirement and to be a part of the transition to a new future.

“Joppa’s 2022 closure is an unfortunate reminder that our remaining MISO fleet continues to face challenges and is at risk of rapid closure for a variety of factors, most notably legal and economic challenges – the latter due to the dysfunctional MISO market in Illinois and significant maintenance costs. Vistra would like to reinvest in and responsibly reuse its Illinois plant sites so local communities like Joppa and Massac County can economically benefit from the transition to renewable electricity generation rather than being left as a non-productive former plant site,” Morgan continued.

Repurpose and Reinvest in Illinois Coal Plant Sites and Communities

Through the Coal to Solar and Energy Storage Act, Vistra proposes to invest more than half a billion dollars to develop approximately 300 MW of utility-scale solar and 175 MW of battery energy storage. This nine-site construction program would help Illinois more than triple its in-state utility-scale solar generation capacity and more than double its battery energy storage capacity – all by 2025.

If the Act passes, Vistra intends to build a stand-alone 45-MW battery energy storage facility at the Joppa plant, which does not have the site characteristics to support utility-scale solar. The new battery system would store enough electricity to power approximately 22,500 homes.

According to Dr. David Loomis of Strategic Economic Research, during the implementation of the Coal to Solar and Energy Storage Act, the state and local communities will benefit from a significant boost to economic activity. His analysis projects that, from 2022 to 2025, the initiative will:

• support 2,957 full-time jobs across the state;
• create $461 million in statewide earnings for workers; and
• generate $1.7 billion in total economic output in the state.

The economic impact study projected that constructing the battery energy storage facility at Joppa would support more than 100 local jobs and spur more than $10 million in economic output in Massac County.

Just Transition for Plant Community and Potential for Economic Growth

Joppa Power Plant is a significant generator of property tax for local governments in the area. In order to provide additional support for the community, Vistra will pay property tax payments in excess of market value for three years after the plant’s closure, based on a percentage of the plant’s 2019 tax bill. Once the plant is closed, Vistra will pay more than $1.1 million from 2023-2025 to local taxing entities.

The commitment to the Joppa community is consistent with Vistra’s desire to help provide a responsible transition for local communities following plant closures. When Vistra closed four plants in 2019 to comply with revised state regulation, the company voluntarily offered local communities a $6 million-plus property tax bridge to make the transition easier, given the rapid retirement of the plants. Discussion and implementation of local tax agreements continue for all nine Illinois plant communities that have been or will be impacted by coal plant closures.

Building utility-scale solar and energy storage facilities will improve the local tax base and provide a reliable source of property tax revenue for decades to come. The company estimates the new taxable value at renewed plant sites will be 350-400% more than the land values of closed plant sites, including nearly double the current property taxes for the Joppa Plant. In addition, the company is committed to building and operating these projects with union labor and to contracting with diverse-owned businesses and suppliers to participate in and benefit from Vistra’s investment.

More information about the Illinois Coal to Solar and Energy Storage Act (HB 3446 / SB 529) can be found at www.renewillinoispower.com. 

Joppa Power Plant opened in 1953 and currently has approximately 115 employees. The plant is a multi-unit site, including six coal units with a combined capacity of 1,002 MW and five natural gas units with a combined capacity of 239 MW.

About Vistra

Vistra (NYSE: VST) is a leading Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company’s sustainability report at https://www.vistracorp.com/sustainability/.

 

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SOURCE Vistra Corp.