Posts

Posted on

US Foods Exceeds $35 Million in Donations for COVID-19 Hunger Relief Efforts

US Foods Exceeds $35 Million in Donations for COVID-19 Hunger Relief Efforts

ROSEMONT, Ill.–(BUSINESS WIRE)–
US Foods Holding Corp. (NYSE: USFD) announced today that since March the company has donated more than $35 million in food and supplies to fight hunger during the COVID-19 pandemic, the equivalent of approximately 17 million meals.

Throughout the year, US Foods worked closely with its longtime partner Feeding America and other local charitable organizations to ensure foods such as dairy, meat, produce and other non-food supplies were distributed to food banks across the country, as these charities struggled to keep their shelves filled.

“As we look back at 2020, I am grateful we have been able to support so many organizations whose mission is to help others,” said Pietro Satriano, chairman and CEO, US Foods. “The impact of COVID-19 has been felt far and wide, and our charitable partners have worked tirelessly to meet unprecedented demand. As we continue to face the challenges brought on by COVID-19, our commitment to fighting hunger will continue into the new year and beyond.”

The company has partnerships with approximately 60 Feeding America food banks across the country that have benefited from ongoing donations. One such organization is Food Lifeline, the largest food bank in western Washington, which supplies food to more than 300 food pantries, meal programs, and shelters.

“We are so appreciative for the support from US Foods as we continue to provide critical food to our partners across western Washington,” said Ryan Scott, chief development officer for Food Lifeline. “The pandemic has more than doubled the demand on our local agencies. With US Foods’ support, we are better equipped to address hunger-relief efforts in our communities and truly make a difference.”

In addition to product donations to local food banks and charitable organizations, US Foods has provided food, supplies and logistics support to meal-packing events designed to provide much-needed relief to restaurant workers, first-responders and health care workers.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators to help their businesses succeed. With more than 70 broadline locations and 76 cash and carry stores, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. Visit www.usfoods.com to learn more.

Sara Matheu

Director of Media Relations

773-580-3775

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Philanthropy Retail Other Philanthropy Fund Raising Foundation Food/Beverage

MEDIA:

Logo
Logo
Posted on

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Restaurant Brands International Inc.

NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Restaurant Brands International Inc. (“Restaurant Brands” or the “Company”) (NYSE: QSR) securities during the period from April 29, 2019 through October 28, 2019 (the “Class Period”). Investors have until February 19, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Restaurant Brands is a Canadian corporation and headquartered in Toronto, Ontario. The Company is one of the world’s largest restaurant chains with over 27,000 Tim Hortons, Burger King, and Popeyes restaurants in more than 100 countries and U.S. territories. The lawsuit alleges that, throughout the Class Period, the defendants repeatedly touted the implementation and execution of Restaurant Brands’ Winning Together Plan and Tims Rewards loyalty program. On the heels of Restaurant Brands touting the benefits of these initiatives, the Company completed two stock offerings on or about August 12, 2019, and September 5, 2019, collectively resulting in proceeds of approximately $3 billion to insiders.

However, on October 29, 2019, the truth about Restaurant Brands’ execution of its Winning Together Plan and Tims Rewards loyalty program was revealed when the Company announced disappointing financial results for the third quarter ended September 30, 2019. Among other things, Restaurant Brands reported a 0.1% system-wide year-over-year sales decline for Tim Hortons—representing a 1.4% same-store sales decline—on system-wide sales of $1.774 billion. Following this news, the price of Restaurant Brands common stock declined $2.59 per share, or approximately 3.8%, from a close of $68.45 per share on October 25, 2019, to close at $65.86 per share on October 28, 2019.

The lawsuit alleges that, throughout the Class Period, the defendants misrepresented and/or failed to disclose that: (1) Restaurant Brands’ Winning Together Plan was failing to generate substantial, sustainable improvement within the Tim Hortons brand; (2) the Tims Rewards loyalty program was not generating sustainable revenue growth as increased customer traffic was not offsetting promotional discounting; and (3) as a result, the defendants’ statements about Restaurant Brands’ business, operations, and prospects lacked a reasonable basis.

If you purchased or otherwise acquired Restaurant Brands securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.


Kirby McInerney LLP
 is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-371-6600
https://www.kmllp.com
[email protected]



Posted on

THURGOOD MARSHALL COLLEGE FUND (TMCF) Celebrates Historic Wins for HBCUs in the Budget and Coronavirus Relief Legislation

WASHINGTON, Dec. 22, 2020 (GLOBE NEWSWIRE) — The Thurgood Marshall College Fund (TMCF) congratulates and extends its sincere thanks to Congress for its historic investments into Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs) in the FY 2021 Consolidated Appropriations Act and Coronavirus Response and Relief Supplemental Appropriations Act.

The bill includes a set-aside of $1.7 billion to HBCUs, PBIs and other Minority-Serving Institutions (MSIs) in direct COVID-19 relief funding, the discharge of $1.3 billion in debt incurred by HBCUs through the HBCU Capital Finance Program, $338 million (a $13 million increase over FY 20 appropriations) in the Title III Part-B Strengthening HBCUs program and an increase along with an eligibility expansion for the Pell Grant program to benefit low-income students.

 “The HBCU community has celebrated many legislative victories over the past few years and this is the biggest victory yet,” said Dr. Harry L. Williams, President and CEO of TMCF.  “The allocation of $1.7 billion in direct aid to HBCUs, PBIs and other MSIs, discharging of over $1 billion in HBCU Capital Finance Program debt, increase in Title III aid and Pell is Congress demonstrating once again its bipartisan support for our institutions and their students.  After this challenging year on so many fronts, this infusion of resources and relief sends a clear signal that the future is bright for HBCUs and PBIs.”

“This bipartisan agreement is a significant step toward making higher education more affordable for millions of Americans. The package released today includes a wide range of provisions – secured by House Democrats – that will make federal grants and loans more accessible and more generous, particularly for our most vulnerable students,” said House Education and Labor Committee Chairman Robert C. “Bobby” Scott (D-VA). “Congress has a responsibility to expand access to quality higher education, which remains the surest path to the middle class. While this is not the comprehensive overhaul of the Higher Education Act and there is still work to be done, this proposal will help millions of students. I’m pleased House Democrats secured these sweeping reforms on behalf of students across the country.”

“This year’s omnibus empowers students by expanding and simplifying the federal student aid programs, and by removing barriers for low-income and justice-involved individuals,” said Rep. Alma Adams (D-NC), Founder and Co-Chair of the Bipartisan HBCU Caucus. “Additionally, I’m proud to announce the inclusion of my legislation, H.R. 7380, the HBCU Capital Finance Debt Relief Act, which relieves over $1.3 billion in debt for our HBCUs, allowing these institutions to continue their mission of empowering communities of color. Combined, these measures will help ensure that higher education continues to be an accessible bridge to the middle class.”

“With the bill passed by Congress, there is a clear recognition of the centrality of HBCUs, within the larger higher education landscape, to closing the educational, economic and social equity gaps in this nation,” said Dr. David Wilson, president of Morgan State University. “For decades, these institutions have achieved so much with so little and I’m pleased to see that significant investments are now coming our way. As the economic health of these institutions improves, significant and sustaining dividends will accrue to America indefinitely.  The entire HBCU community expresses our profound appreciation to TMCF, working with other national advocacy organizations, and to Representatives Bobby Scott and Alma Adams, in particular, to achieve these outcomes.”

“We are grateful to Thurgood Marshall College Fund and the members of our congressional delegation for their advocacy,” said Rick Gallot, president of Grambling State University. “The relief package will be a great benefit for institutions like Grambling State and many others who work daily to develop the next generation of game changers.”

 

###

ABOUT THE THURGOOD MARSHALL COLLEGE FUND

Established in 1987, the Thurgood Marshall College Fund (TMCF) is the nation’s largest organization exclusively representing the Black College Community. TMCF member-schools include the publicly-supported Historically Black Colleges and Universities and Predominantly Black Institutions, enrolling nearly 80% of all students attending black colleges and universities. Through scholarships, capacity building and research initiatives, innovative programs, and strategic partnerships, TMCF is a vital resource in the K-12 and higher education space. The organization is also the source of top employers seeking top talent for competitive internships and good jobs.

TMCF is a 501(c)(3) tax-exempt, charitable organization. For more information about TMCF, visit: www.tmcf.org.



TMCF Press
Thurgood Marshall College Fund
202-888-0039
[email protected]

Posted on

Eurofins Launches COVID-19 PCR Tests With At-Home Self-Sampling Options in Europe and Donates Sequencing Capacity to Identify VUI-2020-12/01 Strain Reported to Spread Faster in the UK

Eurofins Launches COVID-19 PCR Tests With At-Home Self-Sampling Options in Europe and Donates Sequencing Capacity to Identify VUI-2020-12/01 Strain Reported to Spread Faster in the UK

LUXEMBOURG–(BUSINESS WIRE)–
On 19 October 2020 Eurofins launched EmpowerDX SARS CoV 2 RT PCR test with at home sampling option after it received an Emergency Use Authorization (EUA) by the FDA. Demand for the testing kit available at empowerdxlab.com is increasing significantly week on week.

To make patient sampling easier by non-healthcare professionals and especially for testing children, Eurofins validated a sampling method based on gargling with a sterile solution. At-home gargling self-sampling offers the advantage of a simple non-invasive sampling method, allowing patients to be tested without any constraint of medical sampling capacity.

In Germany the EmpowerDx kit for the detection of SARS-CoV-2 is now available for order at www.empowerdx.eu and via the GeLaMed app available in the Apple webstore. In Spain the kit working on saliva is available at www.empowerdx.es and www.eurofins-megalab.com/producto/test-pcr-en-saliva. The kit is delivered to the patient and collected after self-sampling, with results delivered in less than 24 hours.

As this product can significantly expand access to testing, Eurofins will apply for regulatory approval to launch similar tests in the United Kingdom, France, Belgium, Netherlands and Sweden, amongst others.

A version of this product is derived from a test developed by Eurofins Viracor in March 2020 which was ranked by the FDA as the most sensitive out of more than 115 kits evaluated with the FDA reference panel evaluation (https://www.fda.gov/medical-devices/coronavirus-covid-19-and-medical-devices/sars-cov-2-reference-panel-comparative-data#table2c)

These tests will also detect VUI2020-12/01 virus variants recently reported to be spreading quickly in the UK. Eurofins Genomics also has significant sequencing capacity to identify this or other variants of the virus. (www.eurofins.com/media-centre/press-releases/2020-04-16 )

Given the limited understanding of the prevalence of this new variant in Europe and the consequent potential pandemic acceleration, Eurofins has decided to donate part of its sequencing capacity to national public health authorities who do not have already approved funding to identify VUI2020-12/01 in their positive samples to evaluate local prevalence of this new strain. This knowledge may be useful in deciding on local isolation and travel restrictions.

About Eurofins.

Eurofins is Testing for Life. With over 50,000 staff across a network of more than 800 laboratories in over 50 countries, Eurofins’ companies offer a portfolio of over 200,000 analytical methods.

Investor Relations

Eurofins Scientific SE

E-mail: [email protected]

KEYWORDS: Europe Luxembourg United Kingdom France

INDUSTRY KEYWORDS: Biotechnology FDA Infectious Diseases Health Medical Supplies

MEDIA:

Logo
Logo
Posted on

Intrado Acquires Asparia

ISLANDIA, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) — Intrado Corporation (“Intrado” or the “Company”), a global leader in technology-enabled services, announced today that it has acquired Asparia, Inc., a leading provider of patient engagement solutions for health systems, hospitals, and medical practices.

Asparia offers an easy-to-implement platform for healthcare providers to deliver advanced patient engagement capabilities across the patient care journey, delivering clear value for healthcare providers while enhancing the experience for patients. It is natively integrated with Electronic Health Record (“EHR”) systems from most major vendors and it offers a true, bi-directional and interactive communications experience for the patient as well as embedded check-in and chatbot functionality. The experience is powered by data-driven, real-time intelligence that benefits both the provider and patient.

Asparia serves health and hospital systems, medical groups, and Federally Qualified Health Centers, and engages patients using SMS in over 100 languages as well as interactive voice calls in 20 languages. Its SaaS solution automates many patient communication workflows including providing actionable appointment reminders and enhancing preventative care by automatically identifying and reaching out to patients who need screenings, tests, vaccinations, or other follow-up for medical needs.

“Asparia’s innovative, state-of-the-art, highly scalable, cloud-native solution seamlessly connects healthcare organizations and their EHR systems to patients in real-time,” said Jeff Robertson, President of Intrado Life & Safety. “Our 17,000+ healthcare clients will benefit from the easy-to-deploy platform and increased efficiency Asparia provides. We are thrilled to welcome Asparia employees, customers, and partners to Intrado.”

About Intrado Corporation

Intrado Corporation is an innovative, cloud-based, global technology partner to clients around the world. Our solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable – turning Information to Insight.

Intrado has sales and/or operations in the United States, Canada, Europe, the Middle East, Asia Pacific, Latin America, and South America. Intrado is controlled by affiliates of certain funds managed by Apollo Global Management, Inc. (NYSE: APO). For more information, please call 1-800-841-9000 or visit www.intrado.com.

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be generally identified by the use of words such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “intends,” “continue” or similar terminology. These statements reflect only Intrado’s current expectations and are not guarantees of future performance or results. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks associated with the Covid-19 pandemic; competition in Intrado’s highly competitive markets; increases in the cost of voice and data services or significant interruptions in these services; Intrado’s ability to keep pace with its clients’ needs for rapid technological change and systems availability; the continued deployment and adoption of emerging technologies; the loss, financial difficulties or bankruptcy of any key clients; security and privacy breaches of the systems Intrado uses to protect personal data; the effects of global economic and health trends on our business, including as a result of disruption of the business of Intrado’s clients; the non-exclusive nature of Intrado’s client contracts and the absence of revenue commitments; the cost of pending and future litigation; the cost of defending against intellectual property infringement claims; the effects of extensive regulation affecting many of Intrado’s businesses; Intrado’s ability to protect its proprietary information or technology; service interruptions to Intrado’s data and operation centers; Intrado’s ability to retain key personnel and attract a sufficient number of qualified employees; increases in labor costs and turnover rates; the political, economic and other conditions in the countries where Intrado operates; changes in foreign exchange rates; Intrado’s ability to complete future acquisitions, integrate or achieve the objectives of its recent and future acquisitions; and future impairments of our substantial goodwill, intangible assets, or other long-lived assets. In addition, Intrado is subject to risks related to its level of indebtedness. Such risks include Intrado’s ability to generate sufficient cash to service its indebtedness and fund its other liquidity needs; Intrado’s ability to comply with covenants contained in its debt instruments; Intrado’s ability to obtain additional financing; the incurrence of significant additional indebtedness by Intrado and its subsidiaries; and the ability of Intrado’s lenders to fulfill their lending commitments. Intrado is also subject to other risk factors described in its annual report for the year ended December 31, 2019.

These forward-looking statements speak only as of the date on which the statements were made. Intrado undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.



Contact

Dave Pleiss
Investor and Public Relations
[email protected]
402-716-6578

Posted on

Fuse Medical, Inc. Announces Launch of FuseChoiceTM Biologics Portfolio

Fuse Medical, Inc. Announces Launch of FuseChoiceTM Biologics Portfolio

RICHARDSON, Texas–(BUSINESS WIRE)–
Fuse Medical, Inc. (OTCPINK: FZMD) (“Fuse” or the “Company”), an emerging manufacturer and distributor of innovative medical devices for the orthopedic and spine marketplace, announced the initial launch of FuseChoiceTM and FuseChoiceTM Plus Amniotic & Umbilical Membranes, and FuseChoiceTM Plus Amniotic Joint Cushioning Fluid, the latest additions to a comprehensive line of biologics product offerings.

FuseChoiceTM Single Layer Amniotic Membrane,FuseChoiceTM Plus Multi-Layer Amniotic Membrane, and FuseChoiceTM Max Umbilical Membrane may be used as an anatomical barrier in numerous clinical applications. The natural properties of amniotic tissue help provide mechanical protection to damaged tissue, while the proprietary process retains essential nutrient-rich growth factors.

The FuseChoicePlus AFTM Amniotic Joint Cushioning Fluid is an all-natural liquid matrix allograft derived from amniotic fluid. The cushioning effect of amniotic fluid in utero shields the fetus from outside pressures, acting as a shock absorber. It principally functions to cushion surface articulation within the joint capsule to provide shock absorption, lubrication, and joint stability by harnessing the natural cushioning properties of amniotic fluid to deliver the same support to joint capsules.

“We are excited about the expansion of our biologic & regenerative product portfolio. The US commercialization of the FuseChoiceTM line of products further demonstrates our belief in the future of biologics,” commented Christopher C. Reeg, Chief Executive Officer of Fuse. “The FuseChoiceTM amniotic technology provides surgeons with advanced treatment options for their patients requiring biologics intervention or use in conjunction with surgery.”

Additional extensions to the Biologics and Regenerative Medicine portfolio in the first half of 2021 will include FuseChoice DermTM Non-Fenestrated Dermal Matrix, FusePureTM Demineralized Bone Matrix, Strips and Cubes, and FuseTrilogy TM Viable Bone Matrix, an osteoconductive, osteoinductive & osteogenic DMSO-free bone void filler requiring no mixing preparation.

Reeg further added, “Our priority at Fuse is to provide effective solutions for today’s clinical challenges and assist with improving surgical outcomes.”

About Fuse Medical, Inc.

Fuse is an emerging manufacturer and distributor of innovative medical devices for the orthopedic and spine marketplace committed to the advancement of anatomical motion, preservation and restoration. We provide a comprehensive portfolio of products in the orthopedic total joints, sports medicine, trauma, foot and ankle space, as well as, degenerative and deformity spine, orthobiologics and regenerative medicine products. For more information about Fuse, or if you’re interested in becoming a distributor of any Fuse’s products, please contact us at [email protected] or visit: www.fusemedical.com.

Forward-Looking Statements

Certain statements in this press release, constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend,” or similar expressions or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based only on information available to the Company as of the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including, without limitation, those set forth in the Company’s filings with the Securities and Exchange Commission; the failure of the Company to close the transaction; and integration issues with the consolidated company. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events, or otherwise, except as required by law.

Fuse Medical, Inc.

Devon Morgan, Sr. Investor Relations Analyst

Office (469) 862-3030

Facsimile (469) 862-3035

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Biotechnology Health Surgery Medical Devices

MEDIA:

Posted on

Mid Penn Bancorp, Inc. Declares Annual Performance Dividend

MILLERSBURG, Pa., Dec. 22, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB), the parent company of Mid Penn Bank, at a meeting held on December 22, 2020, declared an annual performance cash dividend of $0.05 per common share, payable January 25, 2021 to shareholders of record as of January 11, 2021.

About Mid Penn Bancorp Inc.

Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Millersburg, Pennsylvania, has been serving the community since 1868. Mid Penn operates retail locations throughout the state of Pennsylvania and has total assets of more than $3 billion. Its footprint includes Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland counties. The bank offers a comprehensive portfolio of products and services to meet the banking needs of the communities it serves. To learn more about Mid Penn Bank, visit www.midpennbank.com.

SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s current views and expectations about new and existing programs and products, relationships, opportunities, technology and market conditions. These statements may be identified by such forward-looking terminology as “continues,” “expect,” “look,” “believe,” “anticipate,” “may,” “will,” “should,” “projects,” “strategy” or similar statements. Actual results may differ materially from such forward-looking statements, and no reliance should be placed on any forward-looking statement. Factors that may cause results to differ materially from such forward-looking statements include, but are not limited to, changes in interest rates, spreads on earning assets and interest-bearing liabilities, and interest rate sensitivity; prepayment speeds, loan originations, credit losses and market values on loans, collateral securing loans, and other assets; sources of liquidity; common shares outstanding; common stock price volatility; fair value of and number of stock-based compensation awards to be issued in future periods; the impact of changes in market values on securities held in Mid Penn’s portfolio; legislation affecting the financial services industry as a whole, and Mid Penn and Mid Penn Bank individually or collectively, including tax legislation; regulatory supervision and oversight, including monetary policy and capital requirements; changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or regulatory agencies; increasing price and product/service competition by competitors, including new entrants; rapid technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; the mix of products/services; containing costs and expenses; governmental and public policy changes; protection and validity of intellectual property rights; reliance on large customers; technological, implementation and cost/financial risks in large, multi-year contracts; the outcome of future litigation and governmental proceedings, including tax-related examinations and other matters; continued availability of financing; financial resources in the amounts, at the times and on the terms required to support Mid Penn and Mid Penn Bank’s future businesses; and material differences in the actual financial results of merger, acquisition and investment activities compared with Mid Penn’s initial expectations, including the full realization of anticipated cost savings and revenue enhancements. For a list of other factors which would affect our results, see Mid Penn’s filings with the SEC, including those risk factors identified in the “Risk Factors” section and elsewhere in our Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent filings. The statements in this press release are made as of the date of this press release, even if subsequently made available by Mid Penn on its website or otherwise. Mid Penn assumes no obligation for updating any such forward-looking statements at any time, except as required by law.



CONTACTS

Rory G. Ritrievi
President & Chief Executive Officer

Michael D. Peduzzi, CPA
Chief Financial Officer

1-866-642-7736

Posted on

Butler National Lease Buy-Out Debt Transaction Completed

Butler National subsidiary BHCMC, LLC acquires Boot Hill Casino Real Estate with a $42 Million Debt Transaction

PR Newswire

OLATHE, Kan., Dec. 22, 2020 /PRNewswire/ — Butler National Corporation (OTCQB: BUKS) a recognized provider of professional management services in the gaming industry, announces the completion of the acquisition of the Boot Hill and Resort Casino land and building by the exercise of its lease buy-out option.

BHCMC, LLC completed a $42 Million debt transaction to exercise an option to acquire the casino land and building for $41.25 million from BHC Development, L.C. The transaction consisted of two bank loans with Academy Bank, N.A. One note for $35 million collateralized by real estate in Dodge City with an interest rate of 5.25% payable over seven years with an initial twenty-year amortization and a balloon payment of approximately $19.25 million at the end of seven years. The second note for $7 million collateralized by real estate in Dodge City with an interest rate of 5.75% payable in full over five years. The balance of the two loans was used to pay financing related expenses and attorney fees.

The buy-out transaction has significant long-term benefits for BHCMC. The rent obligations under the lease increased one percent each year. The debt financing enhances the balance sheet. This transaction gives BHCMC the ability to continue to grow, benefiting the Shareholders and the State of Kansas.

Clark Stewart, President and CEO of Butler National said, “We have worked diligently to reach our goal of owning the Boot Hill Casino land and buildings. We appreciate our business partners who in 2008 offered the build-to-suit lease with the option to purchase when no conventional financing existed.”

“We appreciate the successful partnership between the State of Kansas, Butler National and BHCMC, the similar goals and objectives, the mutual benefits, and the best interest of all parties. On December 15, 2009, we completed our eleventh anniversary of the opening of the Boot Hill Casino. We also appreciate the support of our fellow Kansans, our patrons from surrounding states, and in particularly our employees for their continued hard work and loyalty to the company and the State. Through Butler National and its Kansas company subsidiaries, we plan to continue to offer a quality tourist destination and entertainment venue, a positive place of employment for hundreds of people and a strong source of economic activity in Dodge City and southwest Kansas.”


Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace Products segment includes the manufacture, sale and service of electronic equipment and systems and technologies to enhance and support products related to aircraft. Additionally, we also operate several Federal Aviation Administration (the “FAA”) Repair Stations. Companies in Aerospace Products concentrate on Learjets, Beechcraft King Air, Cessna turbine engine, Cessna multi-engine piston and Dassault Falcon 20 aircraft. Specifically, the design, distribution and support for products for older aircraft, or “Classic” aircraft are areas of focus for companies in Aerospace Products. Services include temporary employee services, gaming services and administrative management services.


Forward-Looking Information:

Statements made in this report, other reports and proxy statements filed with the Securities and Exchange Commission, communications to stockholders, press releases, and oral statements made by representatives of the Company that are not historical in nature, or that state the Company or management intentions, hopes, beliefs, expectations or predictions of the future, may constitute “forward-looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements can often be identified by the use of forward-looking terminology, such as “could,” “should,” “will,” “intended,” “continue,” “believe,” “may,” “expect,” “hope,” “anticipate,” “goal,” “forecast,” “plan,” “guidance” or “estimate” or the negative of these words, variations thereof or similar expressions. Forward-looking statements are not guarantees of future performance or results. They involve risks, uncertainties, and assumptions. It is important to note that any such performance and actual results, financial condition or business, could differ materially from those expressed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in Item 1A of the Company’s Annual Report on Form 10-K, incorporated herein by reference. Risk Factors and elsewhere herein or in other reports filed with the SEC. Other unforeseen factors not identified herein could also have such an effect. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.


FOR MORE INFORMATION, CONTACT:

David Drewitz, Public Relations
[email protected]


www.creativeoptionscommunications.com

Ph (972) 814-5723

Butler National Corporation Investor Relations

Ph (913) 780-9595

THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

Cision View original content:http://www.prnewswire.com/news-releases/butler-national-lease-buy-out-debt-transaction-completed-301197792.html

SOURCE Butler National Corporation

Posted on

Ninepoint Partners Announces December 2020 Cash and Annual Notional Distributions for ETF Series Securities

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the December 2020 cash and annual capital gains notional distributions for its ETF Series securities. The record date for the distributions is December 31, 2020 and distributions are payable on January 8, 2021.

The annual capital gains distributions are notional distributions that will be reinvested and the resulting units immediately consolidated, so that the number of units held by each investor will not change.

The per-unit December distributions are detailed below:

Ninepoint ETF Series Ticker Distribution per unit Notional Distribution per unit CUSIP
Ninepoint Diversified Bond Fund NBND $0.05128 $0.12636 65443H100
Ninepoint High Interest Savings Fund NSAV $0.03519 $0.00000 65443X105
Ninepoint Silver Equities Class1 SLVE $0.03427 $0.00000 65444N106
Ninepoint Silver Equities Class1 SLVE.U $0.03427 $0.00000 65444N114

1. Ninepoint Silver Equities Class – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (SLVE.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.        

About Ninepoint Partners

Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including Alternative Income and Real Assets, in addition to North American and Global Equities.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or [email protected].

Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

Sales Inquiries:

Ninepoint Partners LP
Neil Ross
416-945-6227
[email protected] 



Posted on

PIMCO Canada Corp. Announces Quarterly Distributions for PIMCO Canada Exchange Traded Series

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

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) today announced the 2020 fourth quarter cash distributions for the ETF series (“ETF Series”) of the PIMCO Canada mutual funds that distribute quarterly (“Funds”). 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 amount are as follow:

Fund Name Ticker Cash Distribution per Unit
PIMCO Managed Conservative Bond Pool PCON $0.13186
PIMCO Managed Core Bond Pool PCOR $0.21078

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