Market Newsdesk

TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce that it has completed an agreement to acquire Trillium Mining Corp. (“Trillium”) for cash consideration of C$25 million. Trillium holds a large land package comprised of 5,418 hectares (“ha”) directly adjacent to, and along strike from the Island Gold Deposit within the Michipicoten Greenstone Belt.

The acquisition has significantly expanded the Company’s land package around the Island Gold mine to 14,929 ha, a 57% increase (see Figures 1 and 2). This newly acquired land includes significant exploration potential in proximity to existing high-grade Mineral Resources and regionally.

Near Island Gold mine exploration potential

Based on the current geological interpretation of the E1E structure which hosts the Island Gold Deposit, there is strong potential for the structure to extend onto the Trillium mineral tenure. This is further supported by recent drilling, including the best surface exploration hole to date, MH25-04 grading 28.97 grams per tonne of gold (“g/t Au”) (26.89 g/t cut) over 21.76 metres (“m”) true width, and MH25-03 grading 15.38 g/t Au (14.19 g/t cut) over 15.02 m (both previously reported).

These intercepts extended high-grade gold mineralization over significantly greater widths up to 100 m down-plunge from the nearest Inferred Mineral Resource block in Island East. The deposit remains open laterally and down-plunge (Figure 2).

Regional exploration potential

The Trillium land package also provides significant regional exploration potential, adding 10 kilometres of strike extent within the Goudreau Lake Deformation Zone (GLDZ), a primary control on gold mineralization within the Goudreau-Lochalsh segment of the Michipicoten Greenstone Belt. Alamos’ consolidated land package now covers a total of 17 kilometres of highly prospective structures and stratigraphy within the GLDZ. In addition to the Island Gold and Kremzar Deposits, this now includes two past producing gold mines (Cline and Edwards), as well as several historic high-grade gold showings, including the Markes and Vega Zones (Figure 1).

The larger consolidated land package will allow for Alamos to apply a systematic, district scale approach to exploration with targeting based on greenstone belt scale structural and stratigraphic controls on gold mineralization.

Included within the Trillium land package is the Highland Property which is in the final year of a five year option agreement. Following the exercise of the option, expected on February 26, 2021, Alamos will own 100% of the Highland Property.

“The acquisition of Trillium is consistent with our strategy of consolidating prospective land in proximity to our Island Gold mine where we have had tremendous exploration success over the last several years. Island Gold’s Mineral Reserve and Resource base has more than doubled since 2017. We see excellent potential for this growth to continue given ongoing exploration success. The acquisition of these claims ensure we maintain full ownership over future growth of the existing deposit and regionally where there have been a number of high-grade gold occurrences including two past producing mines,” said John A. McCluskey, President and Chief Executive Officer.

Qualified Persons

Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101 (“NI 43-101”).

About Alamos

Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

FOR FURTHER INFORMATION, PLEASE CONTACT:

All amounts are in United States dollars, unless otherwise stated.

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note

This news release includes certain statements that constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws (“forward-looking statements”). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Alamos expects to occur are forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as “assuming”, “continue”, “prospective”, “expected” or “potential” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms. In particular, this news release contains forward-looking statements including, without limitation, with respect to exploration potential near the Company’s Island Gold mine and regionally.

Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of Mineral Resource. A Mineral Resource that is classified as “Inferred” or “Indicated” has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an “Indicated Mineral Resource” or “Inferred Mineral Resource” will ever be upgraded to a higher category of Mineral Resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into Proven and Probable Mineral Reserves.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic, technical, legal, political and competitive uncertainties, risks and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information.

For a detailed discussion of such risks and other factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company’s latest 40-F/Annual Information Form and Management’s Discussion and Analysis, each under the heading “Risk Factors” available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information found in this news release.

The Company disclaims any intention or obligation to update or revise any forward-looking statement, whether written or oral, or whether as a result of new information, future events or otherwise, except as required by applicable law.

Cautionary Note to U.S. Investors – Mineral Reserve and Resource Estimates

All Mineral Resource and Reserve estimates included in this news release or documents referenced in this news release have been prepared in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms “Mineral Reserve”, “Proven Mineral Reserve” and “Probable Mineral Reserve” are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards. The United States Securities and Exchange Commission (the “SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Alamos may use certain terms, such as “Measured Mineral Resources”, “Indicated Mineral Resources”, “Inferred Mineral Resources” and “Probable Mineral Reserves” which differ materially from the definitions in SEC Industry Guide 7 under the United States Securities Exchange Act of 1934, as amended. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into Mineral Reserves. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Disclosure of “contained ounces” in a Mineral Resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “Mineral Reserves” by SEC standards as in place tonnage and grade without reference to unit measures.

The SEC has adopted final rules, effective February 25, 2019, to replace SEC Industry Guide 7 with new mining disclosure rules under sub-part 1300 of Regulation S-K of the U.S. Securities Act (the “SEC Modernization Rules”). The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”. In addition, the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to international standards. The SEC Modernization Rules will become mandatory for U.S. reporting companies beginning with the first fiscal year commencing on or after January 1, 2021.

Figure 1: Alamos Gold and Trillium Mining Land Tenure Map

https://www.globenewswire.com/NewsRoom/AttachmentNg/3429c41f-df39-440f-98f1-0296be229c5d

Figure 2: Alamos Gold and Trillium Mining Land Tenure Map –

Surface Projection of Island Gold Mine Year End 2019 Mineral Reserves and Resources

https://www.globenewswire.com/NewsRoom/AttachmentNg/d9ffd748-aba8-4139-8673-aa8eb7bd48f7

Santa Clara, CA and Kyoto, Japan, Dec. 17, 2020 (GLOBE NEWSWIRE) — ROHM today announced the availability of a two-channel, high-speed, ground sense CMOS operational amplifier (op amp), BD77502FVM, optimized for consumer and industrial equipment requiring high-speed sensing – such as industrial measurement and control systems.

The proliferation of the Internet of Things (IoT) in recent years has led to a significant increase in the number of electronic components used for advanced control in a variety of applications. This trend towards greater electronics density is leading to noisier environments, making it extremely difficult to implement designs with electromagnetic compatibility (EMC). Op amps play a critical point role because they quickly amplify small signals (from sensors) in many detection systems that provide safety. In addition, printed circuit board design can be problematic for conventional op amps that are susceptible to oscillation due to capacitive loads (i.e., from wiring).

To mitigate noise issues common with conventional op amps, ROHM has developed the EMARMOUR^TM series featuring superior noise-tolerant op amps. The first groundbreaking member of the EMARMOUR family was the BD77501G single-channel, high-speed CMOS op amp that leveraged the original Nano Cap^TM technology to prevent oscillation caused by load capacitance. This product has been well received by engineers in a variety of fields and regions, and this two-channel version was developed to meet increasing market demands.

The newest BD77502FVM integrates two op amp devices that prevent oscillation (i.e., due to wiring) while providing high-speed amplification with slew rates up to 10V/µs and breakthrough immunity to electromagnetic interference (EMI). The output voltage across the entire noise frequency band is limited to under ±20mV, which is 10x lower than a conventional op amp. High-speed signal amplification is now achievable without being affected by external noise or load capacitance when used in devices that output small signals, such as sensors, thus improving reliability while simplifying circuit designs.

Application Examples

• Facility management equipment, such as abnormal current and gas detectors
• Motors requiring high-speed control (signal transmission)
• Inverter control equipment
• Pre-drive buffers for driving transistors
• Other industrial and consumer applications requiring high-speed signal transmission and amplification without worrying about load capacitance

Please see the product table for the EMARMOUR^TM CMOS op amp lineup.

Availability: In mass production

About ROHM

ROHM, a leading semiconductor and electronic component manufacturer, was established in 1958. From the automotive and industrial equipment markets to the consumer and communication sectors, ROHM supplies ICs, discretes, and electronic components featuring superior quality and reliability through a global sales and development network. Our strengths in the analog and power markets allow us to propose optimized solutions for entire systems that combine peripheral components (i.e., transistors, diodes, resistors) with the latest SiC power devices, as well as driver ICs that maximize their performance. Please visit ROHM’s website for more information: www.rohm.com

Attachments

• 17Dec20 PR Image_EMARMOUR_MSOP8_img
• EMARMOUR BD775X Product Table

NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — Informa Markets Fashion, which launched fashion wholesale digital events – MAGIC DIGITAL, COTERIE DIGITAL, PROJECT DIGITAL, MICAM Americas DIGITAL, and CHILDREN’S CLUB DIGITAL – along with B2B e-commerce platform partner, NuORDER, announced today digital event metrics demonstrating informative and significant market insights following event conclusion in early November. The proprietary data summarizes an active digital marketplace, featuring a comprehensive collection of brands and products across a wide range of categories and price points. With an increased global retail audience reach and high connection volume between brands and buyers, deep engagements were seen through both direct brand connection as well as within the rich collection of marketplace-exclusive content, further delivering on the market’s need for greater product discoverability and increased commerce opportunities. Event analytics also revealed trends suggesting in-stock expectation for consumers in the coming months as well as potential, larger scale industry shifts in wholesale buying. While the industry continues to rebuild and recalibrate despite continued market unpredictability, the data-backed analytics signal the resurgence in wholesale activity and globalized commerce as well as the fashion community’s ability to adapt to evolving consumer demand and shifting industry interests.

Running from September 1, 2020 through November 1, 2020, Informa Markets Fashion’s digital event featured a comprehensive offering of product categories and price points with 1,100 brands and a total of 760,000 products ranging across categories of women’s, men’s, and children’s apparel, footwear and accessories – from advanced contemporary to mid-market and value. Complemented by this high volume of categories and products available, 55,000 connections were made between brands and buyers, indicating the market’s eagerness to reconnect, react to shifting industry demands, and regain traction in order to overcome previous setbacks. Further representing volume in connectivity, the digital events drew an audience of 20,000+ registered qualified buyers from over 97 countries, of which 20% of total registration represented new buyers and retailers.

“By embracing a new way to connect and do business through our digital platform, the industry is now able to more quickly and easily come together on a global scale,” says Kelly Helfman, Commercial President of Informa Markets Fashion. “With this rebound in globalized commerce, brands and buyers can capitalize on newer business opportunities with even greater scale through a larger variety of vendors and products. Knowing the industry will continue to shift, and with direct connections being an industry cornerstone, we’ll continue in step with the industry needs, offering enhanced opportunities and continually assisting in generating more meaningful engagements.”

With a total of 290,000 brand page views over the course of 8-weeks, the marketplaces demonstrated success in bringing the fashion industry’s highly visual experience to life in a digital medium. By giving brands and buyers the opportunity to showcase and shop a large collection of products, engagements also extended beyond the transactional offering even greater discoverability of new and unique products. Showcasing an exclusive collection of 153 editorials and 52 educations sessions which featured over 562 brands, collectively, these pieces garnered a total of 14,000 engagements, delivering on the aim to further increase commerce via discovery in a reimagined format of content-driven commerce.

Beyond marketplace event data, Informa Market Fashion’s event analytics also revealed trends suggesting in-stock expectation for consumers in the coming months. Blouses were the number one most searched apparel item, followed by dresses as the second most searched apparel item, across all five marketplaces. Alongside this, jewelry was the number one most searched accessory item across all five marketplaces, indicating retailers’ prediction of consumer demand for “ZoomWear”, which references a growing trend in waist-up styling favored over head-to-toe dressing based on global office environment shifts from in-person office settings to work-from-home. Similarly, activewear was the 3^rd most searched apparel item by retailers across all marketplaces, pointing towards the continuation of consumer trends in casual and comfort wear. With an increase in consumer focus on health and wellness following shutdowns and stay at home orders both domestically and worldwide, these trends – while not surprising – indicate this pandemic-stimulated ‘micro-trend’ will continue forward in the coming months, with potential longer and larger reaching staying power.

Additionally, data-backed buyer behaviors also emerged, indicating a potential market refocus and possible future-facing larger scale industry shifts in wholesale buying. Sustainability was the second most searched brand attribute (17%) by retailers across all marketplaces. While this trend in consumer interest has gained more traction in previous years, the pandemic has not only accelerated the critique of consumerism through a movement towards increased demand of higher quality, longer lasting products but also the introspection and reflection in doing more with less and a more mindful approach in product production. Of further significance, dropship was the most searched brand attribute across all marketplaces (22.5%) by retailers. With the unpredictable consumer demands in 2020 and resulting reactionary markets, this data indicates retailers and brands are increasingly looking for additional ways to mitigate risk. Retailers are doing this by carefully shifting toward a more demand-focused model, thereby boosting flexibility to capitalize on market behavior and opportunities, while brands are responding to this need by reducing complexities and increasing opportunities for full-price sell through.

“While the demand for digital tools and more robust technology was accelerated by COVID-19, the industry’s digital adoption also allows us to uncover extremely useful industry trends and behaviors,” says Heath Wells, Co-founder and Co-CEO of NuORDER. “Through this data, we’re able to see retailers’ and brands’ immediate response to changing market needs, which helps inform the fashion industry. Continuing forward and as we synthesize more data with the return of Informa Markets Fashion’s digital events in the upcoming fashion buying cycles, these data models will continually be enriched – offering the fashion industry actionable market insights.

For more information about the next edition of Informa Markets Fashion’s digital trade events, please visit:

To register for the upcoming digital trade events, please visit the digital events registration page HERE
To participate in PROJECT DIGITAL, brands can apply HERE
To participate in MICAM Americas DIGITAL, brands can apply HERE
To participate in MAGIC DIGITAL, brands can apply HERE
To participate in COTERIE DIGITAL, brands can apply HERE

ABOUT INFORMA MARKETS:

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

ABOUT NuORDER:

NuORDER is the leading wholesale eCommerce platform. Brands use NuORDER to deliver a seamless, more collaborative wholesale process, where buyers can browse products, plan assortments and make smarter buys in real-time. The NuORDER platform was engineered with flexibility and scale in mind processing over $36B in GMV. It empowers businesses of all sizes with enterprise-level technology. Headquartered in Los Angeles, California with offices globally; NuORDER connects more than 3,000 premium brands and 500,000 retailers, helping them grow and win together. www.nuorder.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b0bbc003-1f80-4d62-9e80-9800fcde0b27

Not for distribution to United States newswire services or for dissemination in the United States

TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) today announced the estimated 2020 fourth quarter and annual cash distributions for the ETF series (“ETF Series”) of the PIMCO Canada mutual funds that distribute quarterly (“Funds”). The estimated distribution amounts may differ from the actual amounts.

Unitholders of record of the ETF Series, at the close of business on December 24, 2020, will receive a per-unit cash distribution payable on or about December 31, 2020.

Details of the per-unit cash distribution amounts are as follow:

Final distribution amounts will be announced by PIMCO Canada on or about December 22, 2020.

The Manager, PIMCO Canada, administers and manages the PIMCO Canada ETFs, and retains Pacific Investment Management Company, LLC (“PIMCO”) to provide sub-advisory services to the Funds.

About PIMCO

PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 45+ years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and 2,850+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Forward-Looking Statements

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Funds. The forward-looking statements are not historical facts but reflect the Funds’, PIMCO Canada’s and/or PIMCO’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Funds, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Funds, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

No offering is being made by this material. Interested investors should obtain a copy of the prospectus, which is available from your Financial Advisor.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

All investments contain risk and can lose value. For a summary of the risks of an investment in a specific fund, please see the risks of mutual funds section of the prospectus.

Investments made by a Fund and the results achieved by a Fund are not expected to be the same as those made by any other PIMCO-advised Fund, including those with a similar name, investment objective or policies. A new or smaller Fund’s performance may not represent how the Fund is expected to or may perform in the long-term. New Funds have limited operating histories for investors to evaluate and new and smaller Funds may not attract sufficient assets to achieve investment and trading efficiencies. A Fund may be forced to sell a comparatively large portion of its portfolio to meet significant shareholder redemptions for cash, or hold a comparatively large portion of its portfolio in cash due to significant share purchases for cash, in each case when the Fund otherwise would not seek to do so, which may adversely affect performance.

Funds can offer different series, which are subject to different fees and expenses (which may affect performance), having different minimum investment requirements and are entitled to different services.

The products and services provided by PIMCO Canada may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material contains the current opinions of the manager and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2020, PIMCO

PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2, 416-368-3350

Contact:
Agnes Crane
PIMCO – Media Relations
Phone: +212 597.1054

NEW YORK, Dec. 17, 2020 (GLOBE NEWSWIRE) — Guggenheim Partners is proud to announce the selection of five non-profit organizations for the third cohort of the Network for Social Innovation. The Network for Social Innovation is Guggenheim’s Corporate Social Responsibility venture philanthropy strategy that identifies promising, early-stage organizations using innovative solutions to solve enduring social problems. The initiative exemplifies Guggenheim’s long-standing commitments to giving back to our local communities and supporting organizations that promote social justice, diversity, and equality.

The five new Network for Social Innovation partners are:

• 
  Embarc
  , a provider of community-driven, experienced-based learning opportunities for low-income high school students and their teachers
• 
  Start Small Think Big
  , a network for under-resourced entrepreneurs to receive pro bono legal, financial, and marketing services
• 
  UPchieve
  , an on-demand tutoring platform for low-income students to get free academic support when they need it
• 
  Upsolve
  , a free web application to help families file for Chapter 7 bankruptcy so they can relieve their debt, rebuild their credit, and re-enter the economy
• 
  VOCEL
  , a two-generation early learning accelerator program for young children and their caregivers in under-resourced communities

The organizations were selected by the firm’s Corporate Social Responsibility Committee following an extensive and deliberate eight-month evaluation process which included:

• Two-hundred-eighty-six initial application submissions received from nonprofits all over the world.
• One-hundred-ninety-six employees collectively completed approximately 1,000 evaluations of 50 semifinalists.
• Ten finalists submitted a comprehensive secondary application and underwent deep due diligence that encompassed a virtual site visit to meet with the leaders and observe programs, interviews with management and governance, comprehensive financial analyses, and more.
• Five organizations were ultimately approved by the Corporate Social Responsibility Committee through a systematic assessment of the organizations’ leadership, mission, impact, financial management, and employee engagement potential.

Guggenheim Partners will award each Network for Social Innovation portfolio organization $100,000 over the next 12 months. In addition, the firm will engage its global “creative capital,” comprising employees’ time, talent, and relationship networks to provide support tailored to each partner organization. Guggenheim aims to support the organizations with the financial and creative capital they need in order to succeed.

“At Guggenheim, we pride ourselves on offering innovative solutions,” said Robert Rutkoff, Head of Corporate Social Responsibility and Chair of the Corporate Social Responsibility Committee. “Our newest Network for Social Innovation partners are scaling innovative solutions in the social sector to bring about desperately needed change. We are thrilled to welcome Embarc, Start Small Think Big, UPchieve, Upsolve, and VOCEL to the Network for Social Innovation community and look forward to a meaningful partnership.”

Guggenheim has now selected 15 visionary nonprofits for NSI. The organizations previously selected for NSI are:

• Drive Change, a hospitality training program for young people returning home from prison
• FreeFrom, a provider of financial empowerment tools and training for survivors of domestic violence
• Global Health Corps, a fellowship for young talent at global public health NGOs
• Hot Bread Kitchen, a culinary workforce development program and small business incubator for women facing economic insecurity
• JustFix, a creator of technology tools for tenants and advocates fighting housing displacement
• Moneythink, a tool that utilizes research-driven coaching to help students complete an affordable postsecondary education
• Pursuit, a provider of free coding education for individuals from underserved communities
• Sanergy, a manufacturer of low-cost sanitation facilities for urban slums abroad
• Sanitation and Health Rights India, a system of toilets and safe drinking water to achieve health equity in rural India
• SIRUM, a platform connecting unused, surplus medications with people who need them most

Media Contact

Steven Lee

Guggenheim Partners
212.293.2811
[email protected]