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HBCU PARTNERS Heads to President’s Desk

UNCF applauds bill, renews call for additional, essential congressional action in coming days

Washington, Dec. 14, 2020 (GLOBE NEWSWIRE) — The U.S. Senate followed the House’s lead by passing S.461, the HBCU Propelling Agency Relationships Towards a New Era of Results for Students Act (PARTNERS), as amended, by a voice vote. This bill was led in the Senate by Sen. Tim Scott (R-SC) and Sen. Chris Coons (D-DE) and 14 bipartisan cosponsors, including Vice President-elect Kamala Harris (D-CA). Rep. Alma Adams (D-NC) led the bill in the House. The measure would codify Executive Order 13779, which seeks to require agencies that regularly interact with Historically Black Colleges and Universities (HBCUs) to submit an agency plan to both the Secretary of Education and the Executive Director of the White House Initiative on HBCUs regarding efforts to strengthen the capacity of HBCUs to participate in relevant federal programs and initiatives.

“Thanks to Sen. Tim Scott and Congresswoman Adams for guiding this bill through the process,” said Dr. Michael L. Lomax, president and CEO of UNCF. “Once again, I say as emphatically as possible that much more that must be done for HBCUs before this Congress gavels out. In this next round of stimulus, HBCUs need more relief, like the funding found in the CARES Act. Additionally, institutions with loans from the HBCU Capital Finance program must receive permanent relief.”

“Codifying Executive Order 13779 is an essential first piece of the puzzle to make sure HBCUs receive the funding necessary to be whole,” said Lodriguez V. Murray, senior vice president of public policy and government affairs at UNCF. “When I think about what we as African Americans have experienced this year, with the disproportionate impact of COVID-19 as well as the undisputed showcase of racial inequity, we can only be bold in our asks. HBCUs can no longer wait. It is important to bolster HBCU funding in regular appropriations, follow up on funding made in the CARES Act and permanently relieve HBCUs of HBCU Capital Finance Program debt. We see all of those steps as necessary this month, especially considering the level of support HBCUs received at both the Democratic and Republican Conventions this year.”

The HBCU PARTNERS Act also codifies the role of the president’s Board of Advisors, which advises the president of the United States on all matters pertaining to strengthening the educational capacity of HBCUs.  The president is expected to sign the legislation.

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About UNCF
UNCF (United Negro College Fund) is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically black colleges and universities are highly effective, awarding nearly 20 percent of African American baccalaureate degrees. Today, UNCF supports more than 60,000 students at more than 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized motto, “A mind is a terrible thing to waste.”® Learn more at UNCF.org, or for continuous updates and news, follow UNCF on Twitter at @UNCF.



Khalilah Long
United Negro College Fund, Inc. (UNCF)
202.810.0241
[email protected]

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ROSEN, GLOBAL INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Kandi Technologies Group, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – KNDI

ROSEN, GLOBAL INVESTOR COUNSEL, Announces Filing of Securities Class Action Lawsuit Against Kandi Technologies Group, Inc.; Encourages Investors with Losses in Excess of $100K to Contact Firm – KNDI

NEW YORK–(BUSINESS WIRE)–
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Kandi Technologies Group, Inc. (NASDAQ: KNDI) between March 15, 2019 and November 27, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Kandi investors under the federal securities laws.

To join the Kandi class action, go to http://www.rosenlegal.com/cases-register-1998.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Kandi artificially inflated its reported revenues through undisclosed related party transactions, or otherwise had relationships with key customers that indicated those customers did not have an arms-length relationship with Kandi; (2) the majority of Kandi’s sales in the past year had been to undisclosed related parties and/or parties with such a close relationship and history with Kandi that it cast doubt on the arms-length nature of their relationship; (3) all the foregoing, once revealed, was foreseeably likely to cast doubt on the validity of Kandi’s reported revenues and, in turn, have a foreseeable negative impact on the Company’s reputation and valuation; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. According to the suit, these true details were disclosed by a market research firm.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1998.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

[email protected]

[email protected]

[email protected]

www.rosenlegal.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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RMG Acquisition Corp. II Announces Closing of $345,000,000 Initial Public Offering

RMG Acquisition Corp. II Announces Closing of $345,000,000 Initial Public Offering

NEW YORK–(BUSINESS WIRE)–
RMG Acquisition Corp. II (the “Company”) announced today the closing of its initial public offering of 34,500,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $345,000,000. The units began trading on the Nasdaq Stock Market, LLC (“Nasdaq”) under the ticker symbol “RMGBU” on December 10, 2020. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on Nasdaq under the symbols “RMGB” and “RMGBW,” respectively.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The Company intends to capitalize on the ability of its management team to identify, acquire and operate businesses across a broad range of sectors that may provide opportunities for attractive long-term risk-adjusted returns.

BofA Securities and Barclays are acting as joint book-running managers in the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by emailing [email protected]; or Barclays Capital, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: [email protected], tel: 888-603-5847.

A registration statement relating to the securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 9, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Investor:

Philip Kassin

President

RMG Acquisition Corp. II

50 West Street, Suite 40C

New York, NY 10006

Telephone: (212) 785-2579

Email: [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Finance Consulting Banking Professional Services Other Professional Services

MEDIA:

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YOUTH SUICIDE PREVENTION COMES TO TOWER BEHAVIORAL HEALTH & COVE PREP

Jason Foundation Affiliate Offices in Reading and Torrance

Reading and Torrance, Pa., Dec. 14, 2020 (GLOBE NEWSWIRE) — The Jason Foundation, Inc. (JFI), a nationally recognized leader in suicide awareness and prevention, proudly announced today the opening of their newest JFI Affiliate Offices at Cove PREP in Torrance, Pennsylvania, and Tower Behavioral Health in Reading, Pennsylvania. The Affiliate Offices will serve as hubs where parents, teachers, guidance counselors, students, churches, and other community organizations can obtain educational materials and learn about the training programs available through JFI. All programs and materials are available to the public at no cost.

According to a recent CDC survey, 12.5% of Pennsylvania’s high school youth said that they “have made a plan to attempt suicide in the past twelve months.” Suicide is the second leading cause of death for Pennsylvania youth ages 10-24, with more than 250 young lives lost 2018. Additionally, the mental toll that the COVID-19 pandemic has taken on the public has not yet been fully realized, and its impact could be significant. Suicide has, however, been declared a leading cause of PREVENTABLE death.

“The Jason Foundation is elated to begin working with Tower Behavioral Health and Cove PREP to provide communities with our programs and resources,” said Brett Marciel, Chief Communications Officer of The Jason Foundation. “This represents an important step to combat youth and young adult suicide as we join numerous other organizations supplying the state with the tools and resources needed.”

“Tower Behavioral Health is excited to partner with The Jason Foundation to further reach out to those in need,” remarked Tower Behavioral Health CEO Stephanie Lee. “We look forward to promoting JFI’s mission and addressing the silent epidemic of youth suicide in our community.”

“I am thrilled to announce our affiliation with The Jason Foundation,” said Cove PREP CEO Darren Stiffler. “Cove PREP fully supports JFI’s dedication to the prevention of youth and young adult suicide.”

About the Organizations:

The Jason Foundation is a non-profit organization dedicated to fighting the “silent epidemic” of youth and young adult suicide through educational programs for young people, educators, parents and other community groups. Since their inception, The Jason Foundation has never charged a school, family, or community for use of their programs or materials. For more information or to find the closest JFI Affiliate Office, visit JFI’s website. www.jasonfoundation.com

Tower Behavioral Health offers comprehensive, personalized care for adults age 18 and older who have been struggling with mental health disorders and co-occurring substance use concerns. Treatment options at Tower Behavioral Health include inpatient care and a partial hospitalization program. The center also offers an Assertive Community Treatment program for chronically ill adults who are best served in a nonhospital environment. Tower Behavioral Health is located in Reading, Pennsylvania.

Cove PREP (Psychosexual Rehabilitation & Education Program) provides comprehensive residential treatment and individualized academic instruction for adjudicated adolescent males who have a history of sexual offenses. The secure care facility, which is located in Torrance, Pennsylvania, is a highly structured and closely monitored environment. Cove PREP employs a skills-based phased treatment model to help residents make positive behavior changes, take responsibility for their actions, and develop a greater sense of victim empathy.



Stephanie Lee, Chief Executive Officer
Tower Behavioral Health
(484) 659-2312
[email protected]

Brett Marciel, Chief Communications Officer
The Jason Foundation, Inc.
(615) 264-2323
[email protected]

Darren Stiffler, Chief Executive Officer
Cove PREP
(724) 459-9700
[email protected]

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T. Rowe Price Launches Short Duration Income Fund

New fund to complement existing short duration suite

PR Newswire

BALTIMORE, Dec. 14, 2020 /PRNewswire/ —

NEWS

T. Rowe Price (NASDAQ-GS: TROW) has launched a new fixed income fund designed to deliver higher income while limiting volatility and actively manage downside risk. The fund, T. Rowe Price Short Duration Income Fund, serves as a complement to other T. Rowe Price low duration funds by targeting a higher tracking error than more traditional short duration funds, while also seeking to limit volatility through various market environments.

T. ROWE PRICE SHORT DURATION INCOME FUND DETAILS

  • The T. Rowe Price Short Duration Income Fund will invest in a wide range of fixed income securities, including corporates, government bonds, emerging market debt, mortgage-backed securities, commercial mortgage-backed securities, asset-backed securities, bank loans, and derivatives. The strategy is permitted to invest up to 35% of the portfolio in non-investment grade securities. However, the range of non-investment grade holdings is expected to be closer to 10-20% of the portfolio in most periods.  
  • The fund’s duration, or its sensitivity to fluctuations in interest rates, is expected to be within +/-50% of its benchmark index, the Bloomberg Barclays US Corporate 1-3 Year Index.
  • The fund is designed for investors who are seeking a fixed income fund focused on short- duration bonds that delivers higher income potential than traditional short-term bond offerings.
  • The Short Duration Income Fund will be co-managed by Cheryl Mickel, CFA, and Steven Kohlenstein, CFA. Ms. Mickel is head of T. Rowe Price’s U.S. Taxable Low Duration team and a member of the firm’s Fixed Income Steering Committee.  She has 31 years of investment experience with T. Rowe Price. Mr. Kohlenstein is a portfolio manager in the Fixed Income division, supporting the Low Duration and U.S. Taxable Bond teams. He also is responsible for partnering in the management of securitized credit assets and has 10 years of investment experience with T. Rowe Price.  
  • The net expense ratio for the Investor Class shares (Ticker: TSDLX) is 0.4% and the net expense ratio for I Class shares (Ticker: TSIDX) is 0.3%.
  • The fund’s minimum initial investment amounts are $2,500 for the Investor Class shares and $1,000,000 for I Class shares.

QUOTE

Cheryl Mickel, Co-Portfolio Manager, Short Duration Income Fund

“T. Rowe Price’s extensive global research platform offers our investment experts the opportunity to uncover opportunities that others might miss. Dedicated research teams have deep expertise across sectors, which allow us to build an efficient portfolio with a diversified credit and sector mix. We believe that the T. Rowe Price Short Duration Income Fund will add value to our line-up of short duration funds and that it can serve clients looking to complement riskier assets within a portfolio, but with the potential for a higher yield than traditional short-term bond strategies.”



Download a prospectus


 or obtain one by calling 1-800-541-8803. The prospectus includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.

T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.

ABOUT T. ROWE PRICE
Founded in 1937, Baltimore-based T. Rowe Price Group, Inc., is a global investment management organization with $1.42 trillion in assets under management as of November 30, 2020. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com, Twitter, YouTube, LinkedIn, or Facebook.

All funds are subject to market risk, including the possible loss of principal.  Fixed-income securities are subject to credit risk, liquidity risk, call risk, and interest-rate risk. As interest rates rise, bond prices generally fall. Unlike money market funds, which are managed to maintain a stable share price, the fund’s price can decline. Yield and share prices will vary with interest rate changes. The fund may underperform during up markets and be negatively affected in down markets. Diversification does not assure a profit or eliminate the risk of loss.

T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds

Cision View original content:http://www.prnewswire.com/news-releases/t-rowe-price-launches-short-duration-income-fund-301192230.html

SOURCE T. Rowe Price Group, Inc.

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Verimatrix Chief Revenue Officer to Speak on Blending Traditional Pay TV with OTT at Park Associates’ Future of Video Event

Verimatrix Chief Revenue Officer to Speak on Blending Traditional Pay TV with OTT at Park Associates’ Future of Video Event

AIX-EN-PROVENCE, France & SAN DIEGO–(BUSINESS WIRE)–
Regulatory News:

Verimatrix, (Paris:VMX) (Euronext Paris: VMX), the leader in powering the modern connected world with people-centered security, today announced that Lu Bolden, Chief Revenue Officer is scheduled to participate in a panel discussion during Park Associates’ Future of Video: OTT, Pay TV and Digital Media virtual event today at 3:45 p.m. Central Time.

Titled, “vMVPDs: Blending Traditional Pay TV with OTT,” the panel examines the successes and challenges associated with Virtual Multichannel Video Programming Distributors (vMVPDs), over-the-top (OTT) services that provide viewers with content from broadcast and cable networks as well as streaming providers. The following speakers will join Bolden to discuss how vMVPDs and over-the-top pay-TV services from traditional providers are evolving to better meet the needs of the market:

  • Megan Dover, Executive Director of Video and Entertainment Product Management and Development, Cox Communications
  • Ben Grad, Head of Content Strategy & Acquisition, fuboTV
  • Kirstin Seitz, Head of Marketing Strategy and Operations, Philo
  • Kristen Hanich, Moderator and Senior Analyst, Parks Associates

Parks Associates research finds that app-based OTT services from pay-TV providers are accounting for an increasing percentage of the overall pay-TV space. As per Parks Associates’ most recent survey data, over 18% of pay-TV subscribers primarily receive their live, linear pay-TV channels over-the-top. These subscribers report higher levels of satisfaction than traditional pay-TV subscribers, with net promotor scores – a measure of how likely a subscriber is to recommend a service – over eight times higher for vMVPDs and other app-based pay-TV services than for traditional pay-TV.

“The return of live sports has helped drive new subscriptions for pay-TV, and for vMVPDs in particular. We also saw an increase in NPS in the third quarter, indicating that customer satisfaction is up. This underscores the importance in connecting consumers with the high-quality, secure content they want,” said Kristen Hanich, Senior Analyst, Parks Associates. “Verimatrix brings valuable expertise on the strategies and challenges for securing content delivery across devices to our interactive discussions at Future of Video.”

Future of Video: OTT, Pay TV, and Digital Media brings together industry leaders to share insights on new trends in the video and connected entertainment industries, with insights on consumer behaviors and preferences and the challenges for the video industry in meeting these expectations. It features in-depth consumer and industry research on OTT services, the value of content, and best strategies for building successful video services for today’s connected consumers.

Verimatrix is honored to serve as a silver sponsor of the three-day event. For registration information, visit https://www.parksassociates.com/events/future-of-video.

About Verimatrix

Verimatrix (Euronext Paris: VMX) helps power the modern connected world with security made for people. We protect digital content, applications, and devices with intuitive, people-centered and frictionless security. Leading brands turn to Verimatrix to secure everything from premium movies and live streaming sports, to sensitive financial and healthcare data, to mission-critical mobile applications. We enable the trusted connections our customers depend on to deliver compelling content and experiences to millions of consumers around the world. Verimatrix helps partners get to market faster, scale easily, protect valuable revenue streams, and win new business. To learn more, visit www.verimatrix.com.

Investor Relations:

Richard Vacher Detournière

General Manager & Chief Financial Officer

+33 (0)4 42 905 905

[email protected]

Media:

Matthew Zintel

+1 281 444 1590

[email protected]

KEYWORDS: California Europe United States North America France

INDUSTRY KEYWORDS: Technology Audio/Video Data Management Security

MEDIA:

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Eurofins Technologies Launches New and Improved Lateral Flow Device Product Line for Allergen Detection in Foodstuffs and Environmental Samples

Eurofins Technologies Launches New and Improved Lateral Flow Device Product Line for Allergen Detection in Foodstuffs and Environmental Samples

MADRID–(BUSINESS WIRE)–
Eurofins Technologies (Paris:ERF), a supplier of test kits and systems for laboratory analyses, announces the launch of the new SENSIStrip Allergen product range, which quickly detects allergens that must be labelled on packaged food products.

Managing food allergies usually means completely eliminating the allergen from one’s diet. To achieve this, consumers rely on clear labelling and traceability throughout the entire food production process, from raw material to the final product.

SENSIStrip Allergen kits are based on the concept of an immunoassay, an easy-to-use and quick method which requires only a few minutes of incubation time. This enables adequate allergen control at different stages of the food manufacturing process, across food matrices, rinse water and equipment.

With low detection limits and accessibility (the kit does not require the expertise of highly-qualified staff to operate it), the SENSIStrip Allergen kits are the perfect tool to control potential cross-contamination with food allergens, allowing for a quick screening of raw materials, the production process and the final product. This avoids the external analyses and thus considerably reduces the time taken to release a food product batch to market.

The kits are provided with all the necessary and ready-to-use material to perform analysis across 20 individual tests per kit, on food matrices or environmental samples. In addition, an evaluation card is included to enable a semi-quantitative result, based on the intensity of the test line on the strip.

This new product range is a key component of Eurofins Technologies’ food allergen management and cleaning control monitoring solutions which, together with the comprehensive line of SENSISpec ELISA assays for allergen detection, demonstrate Eurofins Technologies’ commitment to providing high-quality test methods for food safety customers.

All new SENSIStrip tests can be ordered online in the Eurofins Technologies Webshop.

For more information, please visit www.eurofins.com or contact:

Notes for the editor:

About Eurofins Technologies

Building on the experience and scientific excellence of the Eurofins Group, Eurofins Technologies is a fast-growing global provider of diagnostic technologies and industry-leading ELISA-based instruments in the field of bioanalytical testing for the food, feed, environmental, animal health, and clinical diagnostics industries.

Its R&D teams located at various sites around the world share their expertise in developing a wide range of innovative methods and applications with a focus on immunoassays and molecular testing. For further information, please visit the Eurofins Technologies website.

Cristina Romero

Eurofins Technologies

E-mail: [email protected]

KEYWORDS: Spain North America France United States Europe

INDUSTRY KEYWORDS: Biotechnology Environment General Health Health Food/Beverage Fitness & Nutrition Retail Other Health

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Northern Data AG provides outlook for 2021 and strengthens capital base

Northern Data AG provides outlook for 2021 and strengthens capital base

– Expected 2021 revenue of EUR 350 million to EUR 400 million with EBITDA of EUR 100 million to EUR 125 million

– Strengthening of capital base through successful EUR 52.5 million capital increase

FRANKFURT AM MAIN, Germany–(BUSINESS WIRE)–
Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), a leading provider of High-Performance Computing (HPC) solutions, has published its forecast for the financial year 2021.

The Company’s growth in infrastructure for bitcoin mining and High-Performance Computing, which whilst already substantial in 2020, is set to accelerate significantly again in 2021. Accordingly, Northern Data AG’s forecast for the 2021 financial year, based only on contracts that have already been concluded or are in the process of being concluded, envisages revenues of EUR 350 million to EUR 400 million and an EBITDA of EUR 100 million to EUR 125 million. The forecast for 2021 is thus significantly higher than the forecast for the current 2020 financial year, which is expected to close with revenues of EUR 120 million to EUR 140 million and an EBITDA of between EUR 45 million and EUR 60 million. For the following years, the management expects a continuation of this dynamic growth.

In order to support this strong growth in revenues and earnings, the Management Board and the Supervisory Board have decided on a capital increase of 900,000 new shares, excluding subscription rights. The shares will be issued at EUR 58.30, slightly above Friday’s closing price, and will be subscribed to by founding shareholders BlackMars Capital, as well as Apeiron Investment Group, the family office of Christian Angermayer, and further strategic financial investors. The transaction is being managed by Hauck & Aufhäuser Privatbankiers AG. The Company will receive EUR 52.5 million in new capital.

In addition, the Company is currently in advanced discussions regarding the potential acquisition of a further data center site in Europe, in order to meet their current levels of high customer demand. It was only recently that the successful commissioning of new locations in the Netherlands and Germany was announced, with further locations in Canada and Scandinavia to follow.

CEO Aroosh Thillainathan comments: “Building on our market position as a leading HPC infrastructure provider, as well as the upcoming commissioning of further HPC data centers such as the USD 216 million GPU cluster, we have created the basis for above-average and, above all, highly profitable growth for many years in extremely fast-growing areas such as bitcoin mining, artificial intelligence, blockchain, big data analytics, IoT or rendering. The fact that renowned investors and strategic partners are further expanding their investment in the current capital increase is a great recognition of the performance of the entire Northern Data team.”

About Northern Data:

Northern Data AG develops and operates global infrastructure solutions in the field of High-Performance Computing (HPC). With its customer-specific solutions, the company provides the infrastructure for various HPC applications in areas such as bitcoin mining, artificial intelligence, blockchain, big data analytics, IoT or rendering. The internationally active company is today a leading provider of HPC solutions worldwide. Northern Data offers its HPC solutions both in large, stationary data centers and in mobile high-tech data centers that can be set up at any location worldwide. The company combines self-developed software and hardware with intelligent concepts for a sustainable energy supply. The Northern Data group currently employs about 150 members of staff.

Disclaimer:

This press release does not constitute an offer to sell or a solicitation of an offer to purchase or subscribe for any securities of Northern Data AG, nor does it constitute a securities prospectus of Northern Data AG. The information contained in this press release is not intended to serve as a basis for financial, legal, tax or other business decisions. Investment or other decisions should not be based solely on this press release. As with all business and investment matters, please consult qualified professional advice.

Language Deutsch
Company: Northern Data AG
Thurn-und-Taxis-Platz 6
60313 Frankfurt/Main
Germany
Phone: +49 69 34 87 52 25
E-Mail: [email protected]
Internet: www.northerndata.de
ISIN: DE000A0SMU87
WKN: A0SMU8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich
(m:access), Stuttgart, Tradegate

 

Press contact:

Northern Data AG

Dr. Hans Joachim Dürr

Head of Corporate Communications

e-mail: [email protected]

Phone: +49 69 348 752 89

Investor Relations:

Sven Pauly

e-mail: [email protected]

Phone: +49 89 125 09 03 30

KEYWORDS: Germany Europe

INDUSTRY KEYWORDS: Professional Services Data Management Technology Finance Networks Internet Hardware

MEDIA:

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Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

SAN MATEO, Calif.–(BUSINESS WIRE)–
The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0770 per common share payable December 15, 2020, to shareholders of record as of November 30, 2020. It is currently estimated that $0.0334 per share represents net investment income and $0.0436 per share represents return of principal.

The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Fund’s common shares. The Fund will calculate the average NAV from the previous month based on the number of business days in that month on which the NAV is calculated. The distribution will be calculated as 10 percent of the previous month’s average NAV, divided by 12. Management will generally distribute amounts necessary to satisfy the Fund’s plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. The plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the NAV of the Fund’s common shares, but there is no assurance that the plan will be successful in doing so.

Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s managed distribution plan.

The Board may amend the terms of the plan or terminate the plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the plan could have an adverse effect on the market price of the Fund’s common shares. The plan will be subject to the periodic review by the Board, including a yearly review of the annual minimum fixed rate to determine if an adjustment should be made.

In compliance with Rule 19a-1 of the Investment Company Act of 1940, shareholders will receive a notice that details the source of income for each dividend, such as net investment income, gain from the sale of securities and return of principal. Please note: Determination of the actual source of the Fund’s dividend can only be made at year-end. The actual source amounts of all Fund dividends will be included in the Fund’s annual or semiannual reports.

In addition, the tax treatment may differ from the accounting treatment used to calculate the source of the Fund’s dividends as shown on your statement. Please refer to your Form 1099-DIV for the character and amount of distributions for income tax reporting purposes. Since each shareholder’s tax situation is unique, please consult your tax advisor as to the appropriate treatment of Fund distributions.

You may request a copy of the Fund’s current Report to Shareholders by contacting Franklin Templeton’s Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Interest rate movements and mortgage prepayments will affect the Fund’s share price and yield. Bond prices generally move in the opposite direction of interest rates. As the prices of bonds in a fund adjust to a rise in interest rates, the fund’s share price may decline. Investments in lower-rated bonds include higher risk of default and loss of principal. The Fund is actively managed but there is no guarantee that the manager’s investment decisions will produce the desired results. For portfolio management discussions, including information regarding the Fund’s investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately $1.5 trillion in assets under management as of November 30, 2020. For more information, please visit franklintempleton.com.

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AdLarge Media And Nielsen Sign Renewal Agreement For Network Audio Measurement Of The ALM ROI Network

Agreement Includes RADAR, the only Nielsen audio service with Network Radio Commercial Ratings

PR Newswire

NEW YORK, Dec. 14, 2020 /PRNewswire/ — Nielsen (NYSE: NLSN) today announced that AdLarge has signed a renewal agreement with Nielsen audio.  With this agreement, AdLarge continues its participation in RADAR, the only Nielsen audio service that provides commercial ratings and is the best available forecast of a network’s audience delivery. AdLarge’s RADAR-rated ALM ROI Network consistently ranks in the top five. As one of the largest networks in RADAR, it provides broad reach, while delivering in the top 50 markets.

“RADAR is the gold standard in network radio measurement. What sets it apart are the strict guidelines it requires from its subscribers, so they can provide agencies with highly accountable audience measurement,” said Cathy Csukas, Co-Founder and Co-Chief Executive Officer of AdLarge Media. “These are exactly the characteristics that make RADAR extremely valuable to advertisers and marketers as they make their purchasing decisions.”  

“AdLarge is an industry leader and a top independent audio sales network, and we are extremely pleased they have chosen to continue our relationship,” said Bruce Supovitz, SVP/National Audio Services, Nielsen Audio. “We applaud AdLarge for continuing to be champions of audio advertising and investing in accountability and transparency for their advertisers and marketers.”

RADAR radio networks provide Nielsen with commercial clearance records from thousands of affiliated radio stations, which are merged with listening information from a database of almost 400,000 respondents. This added accountability allows RADAR to provide the best available forecast of a network’s future audience delivery and a high standard of reliable metrics for buying network radio.

About Nielsen

Nielsen Holdings plc (NYSE: NLSN) is a global measurement and data analytics company that provides the most complete and trusted view available of consumers and markets worldwide. Nielsen is divided into two business units. Nielsen Global Media provides media and advertising industries with unbiased and reliable metrics that create a shared understanding of the industry required for markets to function. Nielsen Global Connect provides consumer packaged goods manufacturers and retailers with accurate, actionable information and insights and a complete picture of the complex and changing marketplace that companies need to innovate and grow.

Our approach marries proprietary Nielsen data with other data sources to help clients around the world understand what’s happening now, what’s happening next, and how to best act on this knowledge.

An S&P 500 company, Nielsen has operations in over 90 countries, covering more than 90% of the world’s population. For more information, visit www.nielsen.com.

About AdLarge

AdLarge Media is the leading independent audio ad sales network in the industry, specializing in lifestyle-driven audio environments across podcasts, streaming, AM/FM, and on-demand. The diverse portfolio at AdLarge reaches 207 million weekly listeners across 5,000 radio stations and generates over 45 million downloads per month across digital platforms. Since starting in 2011, AdLarge founders Cathy Csukas and Gary Schonfeld have overseen significant expansion, which led to the creation of their digital portfolio, cabana. AdLarge has a presence across the country – team up with them from anywhere at adlarge.com.

Cision View original content:http://www.prnewswire.com/news-releases/adlarge-media-and-nielsen-sign-renewal-agreement-for-network-audio-measurement-of-the-alm-roi-network-301192216.html

SOURCE Nielsen