Market Newsdesk

TORONTO, Nov. 19, 2020 /CNW/ – To mark Women’s Entrepreneurship Day, BMO Financial Group today announced the ten recipients of its $100,000 grant program. As part of its longstanding commitment to helping the advancement of women, the new grant program celebrates Canadian women business owners’ innovation and resilience during the pandemic.

To assist with the grant recipient selection process, BMO collaborated with key strategic partners to establish an advisory committee and judging panel consisting of leaders from GroYourBiz, Women Presidents’ Organization (WPO), Women Get On Board, Women Business Enterprises Canada Council (WBE Canada), Women Entrepreneurship Knowledge Hub, and Deloitte.

Each business will receive $10,000 and have the opportunity to receive ongoing support through one of the bank’s partners, including a one-year membership with a peer advisory group for women business owners and a one-year certification with Women Business Enterprise Canada.

The BMO Celebrating Women 2020 Grant Recipients are:

• Ayanna Lee Rivears, Socacize Fitness: Socacize Fitness is a creative blend of Caribbean and African dance techniques, with effective fitness movements.
• Dr. Irit Van-Ham and Dr. Monika Yazdanian,
  ToeFX Inc.: Founded by two scientists, ToeFX is driven by innovation with a vision to create the world’s most effective foot care treatments.
• 
  Kim Knight and Shanelle McKenzie, The Villij: The Villij creates an inclusive, accessible, and nurturing community for women of colour to connect, heal and expand. It provides health and wellness services, including yoga, meditation, walking clubs, conversations, and workshops.
• 
  Meghan Peters and Kristin Verbeek, Lathered Cleaning Company Inc.: Established in 2013, Lathered Cleaning uses only natural cleaning products and is dedicated to giving time back safely and effectively to other busy people.
• 
  Pam Fanjoy, Fan/Joy: Chef Pam’s culinary passion has led her to create a line of Gourmet To Go prepared meals, the junior chef culinary and life skills programs and the youth-run café and marketplace to help improve the physical, mental and spiritual well-being of local youths and families.
• 
  Pooja Rao, got BALLZ Inc.: With a goal to produce high quality products, made with the utmost care from locally sourced ingredients, got BALLZ re-invents snacks and foods we love with a healthy twist.
• 
  Pooja Viswanathan, Braze Mobility Inc.: Braze Mobility has developed the world’s first blind-spot sensor system for wheelchairs, which automatically detects obstacles and provides multi-modal alerts (visual, vibration, and/or audio feedback) to the driver.
• 
  Rebecca Taylor, Ready to go Foods Inc.: With a passion for cooking and Caribbean flavours, Ready to go Foods allows those with busy lifestyles to enjoy healthy, Caribbean flavoured meals in their own kitchen.
• 
  Robyn Ledoux, A Touch of Health: Launched in 2009, A Touch of Health began as a simple one-woman massage therapy clinic. Since then, the business has grown to employ 10 people and has diversified to include a health food café, A Taste of Health.
• Shehreen Zaman, Math Project: Math Project offers students the opportunity to strengthen their math skills through on-site and online interactive sessions with a qualified team of tutors.

“A large part of supporting the advancement of women is celebrating the contributions made by women leaders, entrepreneurs and mentors in local communities,” said Erminia (Ernie) Johannson, Group Head, North American Personal and Business Banking, BMO Financial Group. “We’re proud to recognize these women and their ability to innovate in their businesses and persevere during this difficult time. Congratulations to this year’s honourees on all their achievements.”

Since its inception in 2012, BMO Celebrating Women has honoured more than 180 women in communities across Canada and the United States. In addition to the new grant program, BMO has developed programs and invested in solutions to support women entrepreneurs. The bank committed to making $3 billion in capital available to women-owned businesses across Canada over three years, has embedded diversity-focused procurement programs, and has created a new women’s business directory.

“These women – who have clearly demonstrated unrelenting drive and resilience throughout this last year – are essential not only to our economy, but to the future of Canada; their achievements cannot be overstated,” said Linda Blair, Managing Partner, Ontario, Deloitte Canada. “Deloitte is proud to assist BMO in recognizing the value of these entrepreneurs, to elevate their success, and to help them thrive at every step along the way.”

To learn more about the grant recipients and BMO Celebrating Women, visit bmoforwomen.com and join the social conversation using #BMOforWomen.

About BMO for Women
BMO is committed to supporting initiatives that empower women within its workforce and the communities the bank serves. BMO has partnered with organizations such as the Women Presidents’ Organization, GroYourBiz, Women Business Enterprises, and Women Get On Board to provide expertise, leadership, knowledge, and opportunities for women to network and learn. In 2018, BMO announced $3 billion in capital available over three years specifically for Canadian businesses owned by women. Through the only bank-owned recognition program for women in North America – BMO Celebrating Women – BMO celebrates successful women who have given back to their communities or achieved success in business. Since 2012, BMO Celebrating Women has honoured more than 180 women in communities across Canada and the United States.

About BMO Financial Group 
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $974 billion as of July 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

About Deloitte
Deloitte provides audit and assurance, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights, and service to address clients’ most complex business challenges. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Our global Purpose is making an impact that matters. At Deloitte Canada, that translates into building a better future by accelerating and expanding access to knowledge. We believe we can achieve this Purpose by living our shared values to lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact.

To learn more about how Deloitte’s approximately 312,000 professionals, over 12,000 of whom are part of the Canadian firm, please connect with us on LinkedIn, Twitter, Instagram, or Facebook.

SOURCE BMO Financial Group

FORT WORTH, Texas, Nov. 19, 2020 /PRNewswire/ — ECI Software Solutions (“ECI”), a leader in cloud-based business management software solutions for small and medium sized companies, today announced that Leonard Green & Partners (“LGP”) will acquire a majority stake in the company from funds advised by Apax Partners and The Carlyle Group. Upon completion of the transaction, funds advised by Apax Partners, which acquired ECI in 2017, will retain a minority stake in ECI. Financial terms of the transaction were not disclosed.

ECI is the premier provider of Enterprise Resource Planning (“ERP”) solutions, such as accounting, purchasing, warehousing and inventory management, to more than 22,000 customers globally. Under the Apax Funds’ and Carlyle’s ownership, ECI has experienced rapid growth both organically and through strategic M&A. Since 2017, ECI has made 15 acquisitions, helping it gain significant market share and scale internationally, with sizeable transactions in Europe and Australia consolidating its presence in those regions.

“The ECI team and I have had a powerful partnership with Apax and Carlyle as we have built the company into a leading SaaS business software solutions and services provider,” said Ron Books, ECI’s Chief Executive Officer. “They have been instrumental in the tremendous growth of our company, and we are proud of what we accomplished together. We are excited to welcome LGP as our new partner, and I am confident that this is the right choice for our future – and the future of our 1,700 employees and more than 22,000 customers.” 

Usama Cortas, Partner at LGP, said: “We are delighted to be partnering with a mission-driven company like ECI, which is focused on supporting the activities and growth of small to medium-sized businesses around the world. We invest in companies that win with people, have a differentiated culture and are market leaders with multiple ways to grow – and ECI is the perfect example. ECI has built an incredible track record of success, and we are excited to be partnering with ECI Management and Apax to support and accelerate the next phase of the company’s growth.”

Jason Wright, Partner at Apax Partners, said: “We have been proud to partner with Ron Books and the ECI management team over the past three years as they have executed their plan and transformed the Company through investment in products, international expansion and the completion of 15 acquisitions. Importantly, Ron and the team have instilled a unique culture that is customer-centric and employee-friendly. We’re excited about the opportunity to partner with LGP during this next phase of ECI’s growth.”

Steve Bailey, Managing Director at Carlyle, said: “It has been a tremendous journey with Ron and the ECI team and Apax over the years. Carlyle’s strategy is to focus on vertical market SaaS investments or successfully transition software businesses to a SaaS model. Our partnership with ECI is a great example of the latter. Through embracing the opportunity in SaaS, ECI has accelerated its growth while also benefitting from strategic acquisitions. We wish the team every success for the future.”

BofA Securities is acting as lead financial advisor, Barclays as financial advisor, and Skadden, Arps, Slate, Meager & Flom as legal advisor to Apax Partners and ECI. Latham & Watkins LLP acted as legal advisor to LGP.

About ECI

ECI Software Solutions provides industry-specific business software solutions and services, focusing on cloud-based technologies. For 30+ years, ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. Privately held, ECI is headquartered in Fort Worth, Texas, USA, with offices throughout the U.S., Canada, Mexico, England, the Netherlands, and Australia. For information, email [email protected], visit www.ECISolutions.com or call (800) 959-3367.

About Apax Partners LLP

Apax Partners is a leading global private equity advisory firm. Over its more than 40-year history, Apax Partners has raised and advised funds with aggregate commitments of approximately $50 billion. The Apax Funds invest in companies across four global sectors of Tech & Telco, Services, Healthcare and Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com. 

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $230 billion of assets under management as of September 30, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 1,800 people in 30 offices across six continents. Further information is available at www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle.

About Leonard Green & Partners

Leonard Green & Partners, L.P. is a leading private equity investment firm founded in 1989 and based in Los Angeles. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has invested in over 100 companies in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. LGP primarily focuses on companies providing services, including consumer, business, and healthcare services, as well as retail, distribution, and industrials. For more information, please visit www.leonardgreen.com.

ECI Media Contacts

Wendi Sabo | +1 214 683 9217 | [email protected]

Apax Media Contacts 
Katarina Sallerfors | +44 207 872 6526 | [email protected]
Kekst CNC | +1 212 521 4854 | [email protected]
Greenbrook | +44 20 7295 2000 | [email protected]

Carlyle Media Contacts

Brittany Berliner | +1 (516) 404-2369 | [email protected]
Andrew Kenny | +44 7816 176120 | [email protected]

 

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SOURCE ECI Software Solutions; Leonard Green & Partners; Apax Partners

YOKNEAM, Israel, Nov. 19, 2020 /PRNewswire/ — On Track Innovations Ltd. (OTI) (OTCQX: OTIVF), a global provider of near field communication (NFC) and cashless payment solutions, will release its financial results for the third quarter ended September 30, 2020 before market open on Monday, November 23, 2020.

Management will host an investor conference call at 11:00am ET to discuss the third quarter 2020 financial results and provide a corporate update. The call will conclude with a live Q&A session.

Investors and analysts may also submit questions they would like OTI to address on the call. Questions should be submitted by 4pm ET on Friday, November 20th to [email protected] to ensure they are addressed on the call. 

To participate, please use the following information:

Q3 2020 Conference Call and Webcast

Date: Monday, November 23, 2020
Time: 11:00 a.m. Eastern Time (8:00 am Pacific Time)
U.S. Toll Free Dial-in: 1-888-281-1167
International Dial-in: +972-3-918-0650
Webcast: http://veidan-stream.com/otiq3-2020.html

Please dial in a few minutes before the start of the call and request to join the “On Track Innovations Q3 2020 Earnings Conference Call” to ensure timely participation.

The replay of the conference call will be available via the investor relations section of the company’s website.

About On Track Innovations Ltd

On Track Innovations (OTI) is a global leader in the design, manufacture, and sale of secure cashless payment solutions using contactless NFC technology. OTI’s field-proven innovations have been deployed around the world to address cashless payment, automated retail and petroleum markets. OTI distributes and supports its solutions through a global network of regional offices and alliances. For more information, visit www.otiglobal.com.

OTI Investor Relations Contact:

Ehud Helft

GK Investor and Public Relations
+1-646-688-3559
[email protected]

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SOURCE On Track Innovations Ltd. (OTI)

NEW YORK, Nov. 19, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for APVO, SOLO, AZN, CORT, and XXII.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

• APVO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=APVO&prnumber=111920201 
• SOLO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SOLO&prnumber=111920201 
• AZN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AZN&prnumber=111920201 
• CORT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=CORT&prnumber=111920201 
• XXII: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=XXII&prnumber=111920201 

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

 

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SOURCE InvestorsObserver

BENGALURU, India, Nov. 19, 2020 /PRNewswire/ — Syngene International and Deerfield Discovery and Development Corporation (3DC), the drug discovery and development subsidiary of Deerfield Management Company (Deerfield), have signed an agreement to collaborate to advance therapeutic discovery projects, from target validation through to pharmacological proof of concept and preclinical evaluation. This five-year collaboration unites the core skills of the investment management company Deerfield, through its drug discovery and development arm 3DC, and Syngene’s integrated drug discovery (IDD) services.

Syngene’s Managing Director and CEO, Jonathan Hunt, said: “Syngene will deliver fully integrated therapeutic discovery programs for 3DC. Syngene is an industry-leading collaboration partner for pharma, biotech, and venture capital firms, and we are delighted to have 3DC as a major strategic partner. Their reputation for identifying highly promising science is a great fit with our ability to lead and deliver world-class scientific execution for their growing portfolio.”

“This collaboration forms an important part of our execution strategy. When we identify a promising biological target, our goal is to discover and deliver the best possible therapeutic agent to the clinic as quickly and safely as possible,” said Mike Foley, Ph.D., CEO of 3DC. “We believe the Syngene-Deerfield collaboration may provide critical new therapeutic options with pace and efficiency that could improve the lives of many patients.”

3DC has selected Syngene as a key execution partner for a developing portfolio of molecular entities, spanning multiple therapeutic areas and modalities. The ultimate goal is to deliver much-needed benefit to patients suffering from serious, unmet medical needs through innovation, scale, quality, and speed-to-market.

The collaboration will start with immediate effect and is expected to run for an initial cycle of 5 years.

For more details on Syngene’s IDD services, please visit
https://syngeneintl.com/solutions/discovery/integrated-drug-discovery-services/

About Syngene

Syngene International Ltd. (BSE: 539268, NSE: SYNGENE, ISIN: INE398R01022), is an integrated research, development and manufacturing services company serving the global pharmaceutical, biotechnology, nutrition, animal health, consumer goods and specialty chemical sectors. Syngene’s 4500+ scientists offer both skills and the capacity to deliver great science, robust data management and IP security and quality manufacturing, at speed, to improve time-to-market and lower the cost of innovation. With a combination of dedicated research facilities for Amgen, Baxter, Bristol-Myers Squibb and Herbalife, as well as 1.9 Mn sq ft of specialist discovery, development and manufacturing facilities, Syngene works with biotech companies pursuing leading edge science as well as multinationals including GSK and Merck KGaA.

 

 

 

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SOURCE Syngene International

SANTA CLARA, Calif., Nov. 19, 2020 /PRNewswire/ — Marvell (NASDAQ: MRVL) today introduced its second-generation Alaska^® Octal Scalable mGig PHY family, bringing industry-leading performance, cable reach, low power and speed to enterprise networking infrastructure. The mGig PHYs are the newest additions to Marvell’s borderless enterprise portfolio, a comprehensive set of Prestera^® switches and Alaska PHYs architected to address the specific requirements as emerging mobility and cloud applications extend the boundaries of the traditional campus environment. Designed to optimize borderless enterprise access and aggregation switching, the new PHY family offers a clear upgrade path to multi-Gigabit (mGig) technology.

Together with the previously released access, aggregation and core Prestera Ethernet switches and Alaska PHYs, the new devices are part of Marvell’s Scalable mGig Solutions that incorporate 10G, 5G and 2.5G capabilities and provide a seamless and flexible upgrade from 1Gb Ethernet. The Octal mGig-10G 88X3580, a 10G PHY transceiver and the Octal mGig-5G  88E2580, a  2.5/5G PHY transceiver both exceed IEEE cable reach requirements, optimizing the number of access switch deployments and simplifying campus networking. The PHYs are the industry’s first Octal 10G and 2.5/5G devices manufactured in 12nm FinFET advanced process technology, providing lower power consumption by up to 10% compared to the previous product generation.

The new Octal mGig PHYs are Marvell’s first optimized, low power dissipation, low footprint Octal 10M/100M/1G/2.5G/5G/10GBASE-T Ethernet transceivers with IEEE 1588v2 PTP support. Key features include:

• Long cable reach performance: Exceeds IEEE standard requirements, 10-20% improvement compared with Marvell’s previous generation Octal solution.
• Low power consumption: The X3580 provides approximately 10% power reduction compared with Marvell’s previous generation Octal solution.
• Enhanced ESD/surge immunity
• Enhanced EMI protection
• Full Speed range (10M/100M/1G/2.5G/5G/10G)
• Small footprint package (17mm x 17mm)
• Dual media support (Optical and BASE-T)
• USXGMII and legacy host interfaces (XFI, 5GBASE-R, 2500BASE-X, SGMII)

“Our new Octal mGig PHY family is designed to enable and accelerate emerging mobility and cloud applications by addressing the demand for bandwidth speed flexibility and lower power consumption,” said Achyut Shah, vice president and general manager of the PHY BU at Marvell. “Together with our Prestera switches, the new high-density PHY devices offer an optimized performance and BOM cost solution. These make them ideal for mGig switch access use cases such as HD security cameras and Wi-Fi 6 access points including those for remote deployment beyond building structured wiring.”

“Emerging mobility and cloud applications are extending the boundaries of the traditional campus environment and driving new requirements such as extended reach and lower power consumption. MGig speeds are needed to enable the support of higher bandwidth deployments such as Wi-Fi 6 access point uplinks,” said Sameh Boujelbene, senior research director, Dell’Oro Group. “The new Alaska Octal Scalable mGig PHYs from Marvell are the latest additions to its borderless enterprise portfolio and help address those requirements.”

Marvell’s Octal mGig PHY family is part of the industry’s most complete networking portfolio optimized for the borderless enterprise. The portfolio includes Marvell’s unified Prestera Ethernet switch and Alaska PHY solution set and is architected from the ground up with insightful telemetry, flow-aware intelligence, scalable performance and advanced integrated security technologies that set the bar in switching. With a complete line of GE, 2.5GE, 5GE, 10GE, 25GE, 100GE and 400GE platforms, the portfolio is designed to fit a variety of network architectures at different speeds, densities and scales at small, medium and large enterprise IT organizations.  

Availability
The 88X3580 and 88E2580 Octal PHY devices are available now for sampling.

For more information about Marvell’s new Octal Scalable mGig PHY family, please visit the Marvell Ethernet PHY page.

About Marvell
To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell and the M logo are trademarks of Marvell or its affiliates. Please visit www.marvell.com for a complete list of Marvell trademarks. Other names and brands may be claimed as the property of others.

For further information, contact:

Stacey Keegan

Vice President, Corporate Marketing
[email protected]

 

 

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SOURCE Marvell

LONDON, Nov. 19, 2020 /PRNewswire/ — TCI Fund Management Limited (“TCI”) today announced it has submitted a shareholder proposal to Canadian National Railway (TSX: CNR) (NYSE: CNI) (“CN” or the “Corporation”) requesting CN present at its upcoming 2021 annual general meeting of shareholders (“2021 AGM”) a climate action plan detailing the Corporation’s greenhouse gas emission levels as well as the Corporation’s strategy to reduce emissions in the future. TCI’s proposal also seeks to provide shareholders with an advisory vote at the 2021 AGM to approve CN’s plan, and subsequently, at each annual general meeting on an ongoing basis.

“While TCI recognises the positive steps CN has taken to improve its emissions intensity, supporting this resolution would reinforce its leadership and dedication to ESG, and set an example for the rest of corporate Canada to follow,” said Chris Hohn, TCI Founder and Portfolio Manager. “We remain committed to driving the reduction of carbon emissions at the corporate level and to engaging with Corporations, Boards of Directors, Investors and Asset Owners to help accelerate a transition to net zero.”

About TCI Fund Management

Founded in 2003 by Sir Christopher Hohn, TCI is a value orientated, fundamental investor which invests globally in strong businesses with sustainable competitive advantages. Using a private equity approach, TCI conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon. For more information on TCI and its ESG policy, visit www.tcifund.com/ESG

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SOURCE TCI Fund Management Limited

VANCOUVER, BC, Nov. 19, 2020 /PRNewswire/ – Maverix Metals Inc. (“Maverix” or the “Company”) (NYSE American: MMX) (TSX: MMX) is pleased to announce that Ms. Tara Hassan has been appointed to the Company’s Board of Directors effective immediately. Ms. Hassan has joined the Board as an independent director.

Ms. Hassan currently serves as Vice President, Corporate Development at SilverCrest Metals Inc (“SilverCrest). As a mining engineer with over 15 years of experience in the industry, Ms. Hassan has been extensively involved in mine operations, project development, capital markets, and mining technology. Prior to joining SilverCrest, Ms. Hassan spent the majority of her career as an equity research analyst covering the precious metals sector, from early stage companies to top producers, with a notable track record for identifying takeover targets. She began her career working in mining operations in Northern Ontario. Ms. Hassan graduated from the Robert M. Buchan Department of Mining at Queen’s University and holds her P.Eng in Ontario.

“On behalf of the Board of Directors and management, I would like to welcome Tara to the Maverix Board. Tara’s independence, and her breadth of technical and capital markets experience in the mining industry, will further strengthen Maverix’s leadership team.” commented Geoff Burns, Chairman of Maverix.

About Maverix

Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 100 assets. Maverix’s mission is to increase per share value by acquiring precious metals royalties and streams. Its shares trade on both the NYSE American and the TSX under the ticker “MMX”.

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SOURCE Maverix Metals Inc.

LONDON, Nov. 19, 2020 /PRNewswire/ — TCI Fund Management Limited (“TCI”) today announced it has submitted a shareholder proposal to Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) (“CP” or the “Corporation”) requesting the Corporation present at its upcoming 2021 annual general meeting of shareholders (“2021 AGM”) a climate action plan detailing the Corporation’s greenhouse gas emission levels as well as the Corporation’s strategy to reduce emissions in the future. TCI’s proposal also seeks to provide shareholders with an advisory vote at the 2021 AGM to approve CP’s plan, and subsequently, at each annual general meeting on an ongoing basis.

“TCI remains committed to driving the reduction of carbon emissions at the corporate level, and establishing a climate action plan that can be voted on by shareholders is a key step forward in accomplishing that goal,” said Chris Hohn, TCI Founder and Portfolio Manager.  “We look forward to maintaining an active dialogue with Canadian Pacific on this matter, as well as engaging with other Corporations, Boards of Directors, Investors and Asset Owners more broadly to bring about meaningful change that will help accelerate a transition to net zero.”

TCI engaged in discussions with CP earlier this year pursuant to which CP agreed to work with TCI on a climate-related resolution that could be put to shareholders at the 2021 AGM. TCI, as a significant shareholder, looks forward to the publication of CP’s climate action plan and working together in an effort to give shareholders an opportunity to have their say on these critical issues.

About TCI Fund Management

Founded in 2003 by Sir Christopher Hohn, TCI is a value orientated, fundamental investor which invests globally in strong businesses with sustainable competitive advantages. Using a private equity approach, TCI conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon. For more information on TCI and its ESG policy, visit www.tcifund.com/ESG

 

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SOURCE TCI Fund Management Limited

TORONTO, Nov. 19, 2020 /CNW/ – BMO Asset Management Inc. today announced the November 2020 cash distributions for BMO Exchange Traded Funds (BMO ETFs) that distribute monthly. Unitholders of record of the BMO ETFs at the close of business on November 30^th, 2020 will receive cash distributions payable on December 3^rd, 2020.

Details of the per-unit cash distribution amount are as follows:

Further information about BMO ETFs can be found at www.bmo.com/etfs.

The Dow Jones Industrial Average Index CAD Hedged is a product of Dow Jones Opco, LLC (“Dow Jones Opco”), a subsidiary of S&P Dow Jones Indices LLC, and has been licensed for use. “Dow Jones^®” and “Industrial Average Index CAD Hedged” are service marks of Dow Jones Trademark Holdings, LLC (“Dow Jones”), and have been licensed to Dow Jones Opco and sublicensed by BMO Asset Management Inc. in connection with ZWA. ZWA is not sponsored, endorsed, sold or promoted by Dow Jones Opco, Dow Jones and their respective affiliates, and they make no representation regarding the advisability of trading or investing in ZWA.

^®/™Registered trademarks/trademark of Bank of Montreal, used under licence.

BMO Global Asset Management is a brand name that comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management Corp., BMO Asset Management Limited and BMO’s specialized investment management firms.

BMO ETFs are managed by BMO Asset Management Inc., which is an investment fund manager and a portfolio manager, and a separate legal entity from Bank of Montreal.

Commissions, management fees and expenses (if applicable) all may be associated with investments in BMO ETFs.  Please read the ETF Facts or prospectus of the relevant BMO ETF before investing.  BMO ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in the BMO ETFs of the BMO Mutual Funds, please see the specific risks set out in the prospectus.  BMO ETFs trade like stocks, fluctuate in market value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

About BMO Exchange Traded Funds (ETFs)
BMO Exchange Traded Funds has been a leading ETF provider in Canada for 11 years, with 96 mandates and 30 per cent market share in Canada. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand; and innovation with smart beta ETFs, as well as combining active and passive investing with ETF series of award-winning active mutual funds.

About BMO Financial Group 
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $974 billion as of July 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group