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Sponsored by Coca-Cola, Mayor Keisha Lance Bottoms to host Virtual 37th Annual Atlanta UNCF Mayor’s Masked Ball

Actress Lynn Whitfield and producer Jermaine Dupri join newly online premier holiday fundraiser sponsored by Chick Fil La, Global Payments, The Home Depot, Truist and UPS to support HBCUs and their students

ATLANTA, GA, Dec. 18, 2020 (GLOBE NEWSWIRE) — The 37th annual Atlanta UNCF (United Negro College Fund) Mayor’s Masked Ball, a signature black-tie fundraising event, will take place online at 6 p.m., Saturday, Dec. 19. The newly virtual event will feature live entertainment, virtual red carpet photo opportunities, silent auction, a special unveiling of the 2020 UNCF Masked Award Honorees, networking opportunities and more. The event will be hosted by the honorable Keisha Lance Bottoms, mayor of Atlanta.

Actress and producer Lynn Whitfield will serve as mistress of ceremonies for the event. Whitfield previously hosted past UNCF events such as the 2020 National UNCF “A Mind Is…” Gala in Washington, DC. Award-winning producer and rapper Jermaine Dupri will provide a special performance during the event.

The Atlanta UNCF Mayor’s Masked Ball Atlanta is a premier fundraising gala and major social event, focusing on raising awareness of the need of a college education and contributions for historically Black colleges and universities. Co-hosted by Charles J. Johnson, managing director, Entertainment Industries Group Truist Securities, nearly 400 guests are expected to attend.

This year’s UNCF Masked Ball honorees are Eduardo Martinez, president, The UPS Foundation, and Helen Smith Price, vice president, global community affairs, and president, Coca-Cola Foundation.

During the 2018-19 school year, UNCF awarded 700 Georgia students more than $9 million in scholarships thanks to the local businesses that support UNCF’s mission. This year’s corporate event sponsors include Chick Fil La, Coca Cola, Global Payments, The Home Depot, Truist and UPS. Entertainment will also be provided by 105 Voices of History National HBCU Concert Choir.

For more information or to donate, please call 404.302.8623, e-mail [email protected] or register here. Follow this event on social media @UNCF #UNCFAtlanta.

 

###

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, supports and 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% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟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.



Mashari Grissom
United Negro College Fund, Inc. (UNCF)
202-810-0007
[email protected]

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Christina Lake Cannabis Announces Genetic Databank With Portfolio of Over 100 Proprietary Strains for Outdoor Growth, and Total Inventory of 600,000+ Seeds

VANCOUVER, British Columbia, Dec. 18, 2020 (GLOBE NEWSWIRE) — Christina Lake Cannabis Corp. (the “Company” or “CLC” or “Christina Lake Cannabis”) (CSE:CLC) (FRANKFURT: CLB) is pleased to announce that after its inaugural growing season in which the Company produced 32,500 kg / 71,650 lb of sun-grown cannabis, more than double its initially announced forecast of 15,000 kg / 33,000 lb for the year, the Company has accumulated a genetic databank with a portfolio of more than 100 proprietary cannabis strains specifically formulated for growing outdoors under sunlight. CLC has recognized that most common strains of cannabis have been engineered for indoor growth under artificial light, thereby resulting in a deficit of strains suited to outdoor growth. As a result, the Company has undertaken extensive R&D work to develop over 100 strains in-house with an objective of maximizing output from its growing activities. The Company currently holds a total inventory of more than 600,000 seeds, from which a selection is to be used for the 2021 growing season in which CLC plans to utilize a larger portion of its 32-acre site in Christina Lake, BC in addition to potentially utilizing part of an adjoining 99-acre plot also owned by the Company.

https://www.globenewswire.com/NewsRoom/AttachmentNg/fb09ab84-cf49-4225-bb56-5c076cf3c45a

Readers using news aggregation services may be unable to view the media above. Please access SEDAR or the

Investor Relations

section of the Company’s website for a version of this press release containing all published media.

In early 2020, the Company was granted a research and development license by Health Canada under the Cannabis Act, accompanying its standard cultivation license with amendments for processing and sales. The Company has explored several genetic combinations and variations to maximize the performance of a given plant when grown naturally outdoors by sunlight. During the 2020 growing season, CLC observed and analyzed growth times of each strain, as well as resistance of a given strain to elements such as mold and mildew. Further, the Company has sought to create named standards for specific strains of cannabis with corresponding legal protection for such strain names (a standard practice in agriculture and horticulture), which the Company anticipates could contribute to a greater degree of product integrity in the cannabis industry.

During the Company’s 2020 growing season, approximately 2,500 seeds were cultivated in CLC’s indoor facilities and transplanted on approximately 18 acres of land, out of more than 100 acres of arable land presently owned by the Company. Despite greater anticipated usage of the Company’s site in the 2021 growing season and scheduling certain strains to potentially be “turned over” more than once per year, CLC predicts that its current supply of more than 600,000 seeds could potentially be monetized by availing inventory to other Canadian Licensed Producers, without impacting the Company’s own operations.

Joel Dumaresq, Chief Executive Officer and a Director of the Company commented, “Part of what makes CLC unique is that our operations are highly integrated between growing, processing, extracting, and R&D. Aside from our production costs being inherently lower as a result of our strains being developed in-house, we also benefit from the ability to create cutting-edge strains of sun-grown cannabis that can maximize a plant’s yield when grown outdoors. Several other outdoor cultivators of cannabis use strains that are better suited to indoor growth, which has the unintended consequence of limiting their production capacity. We have recognized a deficiency in cannabis strains that are best suited to outdoor growth, which is exactly why we have actively developed our proprietary strains with outdoor cultivation in mind. Aside from allowing us to maximize our own cannabis production here at Christina Lake Cannabis, opportunities also exist to potentially create an additional revenue stream for the Company through licensing initiatives.”

The Company hereby announces the resignation of Peter Nguyen as a Director of Christina Lake Cannabis. The Company’s management and Board of Directors thank Mr. Nguyen for his service to CLC, with their best wishes for Mr. Nguyen in his endeavours going forward.

About Christina Lake Cannabis Corp.

Christina Lake Cannabis Corp. is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation licence and corresponding processing/sales amendment from Health Canada (March 2020 and August 2020, respectively) as well as a research and development licence (early 2020). CLC’s facility consists of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction. CLC also owns a 99-acre plot of land adjoining its principal 32-acre site, which enables the Company to grow at a much larger scale. CLC cultivates cannabis using strains specifically developed for outdoor cultivation and in its inaugural harvest year produced 32,500 kg (71,650 lb) on its existing facility before developing an adjacent 99-acre expansion property. Such an expansion will ultimately bring CLC’s annual cultivation footprint to over 4.35 million square feet, which could enable at least 150,000 kg (330,693 lb) of low-cost, high-quality, sun-grown cannabis to be produced annually by the Company.

On behalf of Christina Lake Cannabis Corp.:

“Joel Dumaresq”

Joel Dumaresq, CEO and Director

For more information about CLC, please visit: www.christinalakecannabis.com

Jamie Frawley
Investor Relations
[email protected]
416-268-9432

Jordan Owens
Media Inquiries
[email protected]
236-818-5969

THE CANADIAN SECURITIES EXCHANGE (“CSE”) HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements.” The use of any of the words “anticipate,” “continue,” “estimate,” “expect,” “may,” “will,” “would,” “project,” “should,” “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on http://www.sedar.com.

Statement Regarding Third-Party Investor Relations Firms

Disclosures relating to investor relations firms retained by Christina Lake Cannabis Corp. can be found under the Company’s profile on http://sedar.com.



Posted on

Wells Fargo Closed-End Funds Declare Monthly Distributions

Wells Fargo Closed-End Funds Declare Monthly Distributions

SAN FRANCISCO–(BUSINESS WIRE)–
The Wells Fargo Income Opportunities Fund (NYSE American: EAD), the Wells Fargo Multi-Sector Income Fund (NYSE American: ERC), and the Wells Fargo Utilities and High Income Fund (NYSE American: ERH) have each announced a distribution.

Ticker

Fund name

Distribution per

share

Frequency

Change from

prior distribution

EAD

Wells Fargo Income Opportunities Fund

$0.05579

Monthly

-$0.00015

ERC

Wells Fargo Multi-Sector Income Fund

$0.09177

Monthly

-$0.00038

ERH

Wells Fargo Utilities and High Income Fund

$0.07123

Monthly

+$0.00022

 

 

 

 

 

The following dates apply to today’s distribution declaration for each fund:

Declaration date

December 18, 2020

Ex-dividend date

 

January 12, 2021

Record date

January 13, 2021

Payable date

February 1, 2021

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 7% for the Wells Fargo Utilities and High Income Fund based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.

The Wells Fargo Income Opportunities Fund is a closed-end high-yield bond fund. The fund’s investment objective is to seek a high level of current income. The fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective.

The Wells Fargo Multi-Sector Income Fund is a closed-end income fund. The fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk.

The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.

The final determination of the source of all distributions is subject to change and is made after year-end. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.

For more information on Wells Fargo’s closed-end funds, please visit our website.

These closed-end funds are no longer engaged in initial public offerings, and shares are available only through broker-dealers on the secondary market. Unlike an open-end mutual fund, a closed-end fund offers a fixed number of shares for sale. After the initial public offering, shares are bought and sold through broker-dealers in the secondary marketplace, and the market price of the shares is determined by supply and demand, not by NAV, and is often lower than the NAV. A closed-end fund is not required to buy its shares back from investors upon request.

High-yield, lower-rated bonds may contain more risk due to the increased possibility of default. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of international investing are magnified in emerging or developing markets. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation over more diversified funds due to adverse developments within that industry or sector. Small- and mid-cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared with their large-cap counterparts. When interest rates rise, the value of debt securities tends to fall. When interest rates decline, interest that a fund is able to earn on its investments in debt securities also may decline, but the value of those securities may increase. Changes in market conditions and government policies may lead to periods of heightened volatility in the debt securities market and reduced liquidity for certain fund investments. Interest rate changes and their impact on the funds and their NAVs can be sudden and unpredictable.

The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of the NAV and the market price of common shares. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or to closely track. There are numerous risks associated with transactions in options on securities. Illiquid securities may be subject to wide fluctuations in market value and may be difficult to sell.

Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company. These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC. Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan.

Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds’ actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances. PAR-1220-00568

INVESTMENT PRODUCTS: NOT FDIC INSURED ● NO BANK GUARANTEE ● MAY LOSE VALUE

WF-CF

Media

Robert Julavits, 646-618-2790

[email protected]

Shareholder inquiries

1-800-730-6001

Financial advisor inquiries

1-888-877-9275

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:


Fund


Distribution


Payable date


Record date


Ex-dividend date


CHI (inception 06/26/2002)

Calamos Convertible Opportunities and Income Fund

$0.0800

1/15/21

12/31/20

12/30/20


CHY (inception 05/28/2003)

Calamos Convertible and High Income Fund

$0.0850

1/15/21

12/31/20

12/30/20


CSQ (inception 03/26/2004)

Calamos Strategic Total Return Fund

$0.0925

1/15/21

12/31/20

12/30/20


CGO (inception 10/27/2005)

Calamos Global Total Return Fund

$0.1000

1/15/21

12/31/20

12/30/20


CHW (inception 06/27/2007)

Calamos Global Dynamic Income Fund

$0.0700

1/15/21

12/31/20

12/30/20


CCD (inception 03/27/2015)

Calamos Dynamic Convertible and Income Fund

$0.1670

1/15/21

12/31/20

12/30/20


CPZ (inception 11/29/2019)

Calamos Long/Short Equity & Dynamic Income Trust

$0.1200

1/15/21

12/31/20

12/30/20

The following table provides estimates of Calamos Global Total Return Fund’s and Calamos Global Dynamic Income Fund’s distribution sources, reflecting YTD cumulative experience. The Funds attribute these estimates equally to each regular distribution throughout the year.


Distribution Components for January 2021’s Payable Date


CGO


CHW

Ordinary Income

$0.1000

$0.0700

Long-Term Capital Gains

$0.0000

$0.0000

Return of Capital

$0.0000

$0.0000


Total Distribution (Level Rate)


$0.1000


$0.0700


2021 Fiscal YTD Data


CGO


CHW

Ordinary Income

$0.3000

$0.2100

Long-Term Capital Gains

$0.0000

$0.0000

Return of Capital

$0.0000

$0.0000


Total Fiscal YTD Distribution (Level Rate)


$0.3000


$0.2100

Regarding Calamos’ remaining five closed-end funds, which operate under a managed distribution policy: The information below is required by an exemptive order granted to the Funds by the U.S. Securities and Exchange Commission and includes the information sent to shareholders regarding the sources of the Funds’ distributions.

The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. The Funds estimate the following percentages, of their respective total distribution amount per common share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal YTD cumulative distribution amount per common share for the Funds. The following table provides estimates of each Fund’s distribution sources, reflecting YTD cumulative experience. The Funds attribute these estimates equally to each regular distribution throughout the year.


Estimated Per Share Sources of Distribution


Estimated Percentage of Distribution


Fund


Per Share Distribution


Net Income


Short-Term Gains


Long-Term Gains


Return of Capital


Net Income


Short-Term Gains


Long-Term Gains


Return of Capital


CHI

Current Month

0.0800

0.0241

0.0559

–

–

30.1%

69.9%

0.0%

0.0%

Fiscal YTD

0.2400

0.0561

0.1839

–

–

23.4%

76.6%

0.0%

0.0%

Net Asset Value

14.89


CHY

Current Month

0.0850

0.0235

0.0615

–

–

27.6%

72.4%

0.0%

0.0%

Fiscal YTD

0.2550

0.0573

0.1977

–

–

22.5%

77.5%

0.0%

0.0%

Net Asset Value

15.70


CSQ

Current Month

0.0925

0.0198

0.0091

0.0636

–

21.4%

9.8%

68.8%

0.0%

Fiscal YTD

0.2775

0.0487

0.0400

0.1888

–

17.5%

14.4%

68.0%

0.0%

Net Asset Value

15.60


CCD

Current Month

0.1670

0.0237

0.1433

–

–

14.2%

85.8%

0.0%

0.0%

Fiscal YTD

0.5010

0.0452

0.4558

–

–

9.0%

91.0%

0.0%

0.0%

Net Asset Value

30.41


CPZ

Current Month

0.1200

0.0751

0.0449

–

–

62.6%

37.4%

0.0%

0.0%

Fiscal YTD

0.3500

0.1276

0.2218

0.0006

–

36.5%

63.4%

0.2%

0.0%

Net Asset Value

20.69

Note: NAV returns are as of December 17, 2020 and Distribution Returns include the distribution announced today.

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s plan.

If the Fund(s) estimate(s) that it has distributed more than its income and capital gains, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this 19(a) notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099 DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Return figures provided below are based on the change in the Fund’s Net Asset Value per share (“NAV”), compared to the annualized distribution rate for this current distribution as a percentage of the NAV on the last day of the month prior to distribution record date.


Annualized

Fund

5-Year
NAV Return (1)

Fiscal YTD
NAV Dist Rate

Fiscal YTD
NAV Return

Fiscal YTD
NAV Dist Rate


CHI

17.59%

6.45%

20.15%

1.61%


CHY

17.44%

6.50%

20.18%

1.62%


CSQ

16.51%

7.12%

18.74%

1.78%


CCD

19.71%

6.59%

23.09%

1.65%


CPZ

11.40%

6.77%

20.10%

1.69%

1Since inception for CPZ
Note: NAV returns are as of December 17, 2020 and Distribution Returns include the distribution announced today.

While the NAV performance may be indicative of the Fund’s investment performance, it does not measure the value of a shareholder’s investment in the Fund. The value of a shareholder’s investment in the Fund is determined by the Fund’s market price, which is based on the supply and demand for the Fund’s shares in the open market. Past performance does not guarantee future results.

Monthly distributions offer shareholders the opportunity to accumulate more shares in a fund via the automatic dividend reinvestment plan. For example, if a fund’s shares are trading at a premium, distributions will be automatically reinvested through the plan at NAV or 95% of the market price, whichever is greater; if shares are trading at a discount, distributions will be reinvested at the market price through an open market purchase program. Thus, the plan offers current shareholders an efficient method of accumulating additional shares with a potential for cost savings. Please see the dividend reinvestment plan for more information. 

Important Notes about Performance and Risk
Past performance is no guarantee of future results. As with other investments, market price will fluctuate with the market and upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Returns at NAV reflect the deduction of the Fund’s management fee, debt leverage costs and other expenses. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value.

About Calamos

Calamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-asset, convertible, fixed income, and equity. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. For more information, please visit www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC. 

Cision View original content:http://www.prnewswire.com/news-releases/calamos-investments-closed-end-funds-nasdaq-chi-chy-csq-cgo-chw-ccd-and-cpz-announce-monthly-distributions-and-required-notifications-of-sources-of-distribution-301196239.html

SOURCE Calamos Investments

Posted on

Physicians Realty Trust Declares Quarterly Cash Dividend and Announces Date for Fourth Quarter and Year End 2020 Earnings Release and Conference Call

Physicians Realty Trust Declares Quarterly Cash Dividend and Announces Date for Fourth Quarter and Year End 2020 Earnings Release and Conference Call

MILWAUKEE–(BUSINESS WIRE)–
Physicians Realty Trust (NYSE:DOC) (the “Company”) announced today that the Company’s Board of Trustees has authorized, and the Company has declared, a quarterly cash dividend of $0.23 per common share and unit for the quarter ending December 31, 2020. “We are proud to declare and pay our 30th consecutive quarterly dividend. Our high-quality portfolio of medical office facilities continues to support our health system partners in their delivery of outpatient care while delivering reliable cash flows for our shareholders. We look forward to discussing our fourth quarter and year end 2020 results in our earnings release and related conference call, scheduled for February 25, 2021,” said John T. Thomas, the Company’s President and Chief Executive Officer.

The dividend will be payable on January 20, 2021, to common shareholders and unit holders of record on January 5, 2021.

Earnings Release and Conference Call Information

The Company announced it will release its financial results for the fourth quarter and year ended December 31, 2020, before the market opens on February 25, 2021, and will hold a conference call on this day at 10:00 a.m. ET to discuss the financial results and provide a company update. The conference call will be hosted by President and Chief Executive Officer John Thomas, Chief Financial Officer Jeff Theiler, Executive VP of Asset Management Mark Theine, and Chief Accounting and Administrative Officer John Lucey.

The conference call can be accessed by dialing (877) 407-0784 from within the U.S. or (201) 689-8560 for international callers. Participants can reference the Physicians Realty Trust Fourth Quarter & Year End Earnings Call or passcode 13714384. The conference call also will be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company’s website, www.docreit.com. A replay of the conference call will be available beginning February 25, 2021 at 1:00 p.m. ET until March 25, 2021 at 11:59 p.m. ET, by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (International); passcode: 13714384. A replay of the webcast also will be accessible on the Investor Relations website for one year following the event. Beginning February 25, 2021, the Company’s supplemental information package for the fourth quarter and year ended 2020 also will be accessible through the Investor Relations section of the Company’s website under the “Supplemental Information” tab.

About Physicians Realty Trust

Physicians Realty Trust is a self-managed healthcare real estate company organized to acquire, selectively develop, own and manage healthcare properties that are leased to physicians, hospitals and healthcare delivery systems. The Company invests in real estate that is integral to providing high quality healthcare. The Company is a Maryland real estate investment trust and has elected to be taxed as a REIT for U.S. federal income tax purposes. The Company conducts its business through an UPREIT structure in which its properties are owned by the Operating Partnership, directly or through limited partnerships, limited liability companies or other subsidiaries.

Forward-Looking Statements

This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, “continue”, “intend”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements may include statements regarding the Company’s strategic and operational plans, the Company’s ability to generate internal and external growth, the future outlook, anticipated cash returns, cap rates or yields on properties, anticipated closing of property acquisitions, ability to execute its business plan, and the impact of the COVID-19 pandemic on the Company’s business. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements. These forward-looking statements are subject to various risks and uncertainties, not all of which are known to the Company and many of which are beyond the Company’s control, which could cause actual results to differ materially from such statements. These risks and uncertainties are described in greater detail in the Company’s filings with the Securities and Exchange Commission (the “Commission”), including, without limitation, the Company’s annual and periodic reports and other documents filed with the Commission. Unless legally required, the Company disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events or otherwise. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed by the Company with the Commission on February 27, 2020 and in the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020 filed by the Company with the Commission on May 8, 2020, August 7, 2020, and November 6, 2020, respectively.

Physicians Realty Trust

John T. Thomas

President and CEO

(214) 549-6611

[email protected]

Jeffrey N. Theiler

Executive Vice President and CFO

(414) 367-5610

[email protected]

KEYWORDS: Wisconsin Illinois New York United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Finance Hospitals REIT Professional Services Other Health Health Other Construction & Property

MEDIA:

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Posted on

Upstart Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

Upstart Announces Closing of Initial Public Offering and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

SAN MATEO, Calif.–(BUSINESS WIRE)–
Upstart Holdings, Inc. (“Upstart”) (Nasdaq: UPST) announced today the closing of its initial public offering of its common stock at a price to the public of $20.00 per share, which includes 9,000,000 shares offered and sold by Upstart, 3,015,690 shares offered and sold by the selling stockholders and the full exercise of the underwriters’ option to purchase 1,802,353 shares from certain selling stockholders. Upstart did not receive any proceeds from the sale of the shares by the selling stockholders. The shares began trading on the Nasdaq Global Select Market on December 16, 2020 under the symbol “UPST.”

Goldman Sachs & Co. LLC, BofA Securities and Citigroup acted as lead book-running managers for this offering. Jefferies and Barclays also acted as book-running managers. JMP Securities and Blaylock Van, LLC acted as co-managers for this offering.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on December 15, 2020. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by e-mail at [email protected]; BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, by telephone at (800) 299-1322 or by e-mail at [email protected], or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146.

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.

About Upstart

Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit.

Press

Diana Adair

Head of Communications

[email protected]

Investors

Lana Adair

The Blueshirt Group

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Finance Banking Professional Services Technology Software

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AllianzGI Convertible & Income Fund and AllianzGI Convertible & Income Fund II Announce Cumulative Preferred Share Repurchase Plan

AllianzGI Convertible & Income Fund and AllianzGI Convertible & Income Fund II Announce Cumulative Preferred Share Repurchase Plan

NEW YORK–(BUSINESS WIRE)–
AllianzGI Convertible & Income Fund (NYSE: NCV) and AllianzGI Convertible & Income Fund II (NYSE: NCZ) (each a “Fund” and, collectively, the “Funds”) today announced that the Funds’ Boards of Trustees have approved a repurchase plan (the “Repurchase Plan”) with respect to the outstanding series A cumulative preferred shares (“CPS”) for each of NCV (NYSE: NCV PR A) and NCZ (NYSE: NCZ PR A), in an attempt to provide portfolio managers with an additional tool to manage the Funds’ capital structures. Each of NCV and NCZ has access to a short-term revolving credit facility provided by State Street Bank and Trust Company that charges a short-term variable rate of interest (the “State Street Credit Facility”). Pursuant to the Repurchase Plan, a Fund will repurchase its CPS in the open market on any trading day when (i) a Fund’s CPS are trading at a market price at or below their liquidation preference ($25.00 per share), provided the current rate of interest on its State Street Credit Facility is less than or equal to 5.00% or (ii) a Fund’s CPS are trading at a market price which represents a premium of up to 1.00% above their liquidation preference (up to $25.25) provided the current rate of interest on its State Street Credit Facility is less than or equal to 3.00% for NCV or less than or equal to 2.75% for NCZ, subject, in each case, to the terms and conditions of the Repurchase Plan and input from the portfolio management team as to market conditions and other factors. Any repurchases will be made consistently with the requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. On each day that shares are repurchased under the Repurchase Plan, a Fund may repurchase its shares in an amount up to 25% of the average daily trading volume of the CPS over the trailing four week period. It is currently expected that each Fund would borrow under its respective State Street Credit Facility to replace any leverage reduced through the Repurchase Plan.

Allianz Global Investors U.S. LLC, an indirect, wholly-owned subsidiary of PFP Holdings, Inc., serves as the Fund’s investment manager and is a member of Munich-based Allianz Group.

Each Fund’s daily New York Stock Exchange closing market price, net asset value per share, as well as other information, including updated portfolio statistics and performance is available at us.allianzgi.com/closedendfunds or by calling the Fund’s shareholder servicing agent at (800) 254-5197.

Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in a Fund’s performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. The Funds’ ability to pay distributions to common shareholders is subject to the restrictions in their registration statements, by-laws and other governing documents, as well as the Investment Company Act of 1940.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with 754 investment professionals in 25 offices worldwide and managing USD 641 billion in assets for individuals, families and institutions.

Active is the most important word in our vocabulary. Active is how we create and share value with clients. We believe in solving, not selling, and in adding value beyond pure economic gain. We invest for the long term, employing our innovative investment expertise and global resources. Our goal is to ensure a superior experience for our clients, wherever they are based and whatever their investment needs.

Active is: Allianz Global Investors

Data as of September 30, 2020

For Information on AllianzGI Closed-End Funds:

Financial Advisors: (800) 926-4456

Shareholders: (800) 254-5197

Media Relations: (212) 739-3172

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Finance

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Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-end Funds

Amundi Pioneer Declares Monthly Distributions for Pioneer Closed-end Funds

BOSTON–(BUSINESS WIRE)–
Amundi Pioneer Asset Management today announced the declaration of dividends for two Pioneer closed-end funds for December 2020.

Ex Date: December 29, 2020

Record Date: December 30, 2020

Payable: January 8, 2021

Ticker

 

Taxable Funds

 

Distribution

Per Share

 

Change From

Previous Month

HNW1

 

Pioneer Diversified High Income Trust

 

$0.1100

 

–

PHT

 

Pioneer High Income Trust

 

$0.0725

 

–

 

 

 

 

 

Market

Price

  

Market Price

Distribution Rate

 

NAV

  

NAV

Distribution Rate

Pioneer Diversified High Income Trust

 

$14.80

 

8.92%

 

$15.41

 

8.57%

Pioneer High Income Trust

 

$8.94

 

9.73%

 

$9.37

 

9.28%

1 HNW currently has a level distribution policy, which is intended to provide investors with a relatively stable monthly distribution. The level distribution policy is subject to regular review by the Board of Trustees to determine whether it continues to be in the best interests of the fund and its shareholders. There can be no assurance that this policy will be maintained in the future or maintained at its current level. Investors should not necessarily draw any conclusions about the fund’s investment performance from the amount of this distribution or from the terms of the fund’s level distribution policy. If the Fund estimates that any portion of a distribution may be comprised of amounts from sources other than net investment income, the Fund will provide shareholders a separate written notice. These notices are provided for informational purposes only, and should not be used for tax reporting purposes. The final determination of tax characteristics of the Fund’s distributions will occur after the end of the year, at which time it will be reported to shareholders.

The closing market price and NAV are based on data as of December 17, 2020. The Market Price Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the market price. The NAV Distribution Rate is calculated by dividing the latest declared monthly distribution per share (annualized) by the NAV per share.

The funds are closed-end investment companies. Pioneer High Income Trust trades on the New York Stock Exchange (NYSE) under the symbol PHT. Pioneer Diversified High Income Trust trades on the NYSEAMER under the symbol HNW.

Keep in mind, distribution rates are not guaranteed. A fund’s distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about a fund’s investment performance based on a fund’s current distributions. Closed-end funds, unlike open-end funds, are not continuously offered. Once issued, common shares of closed-end funds are bought and sold in the open market through a stock exchange and frequently trade at prices lower than their net asset value. Net Asset Value (NAV) is total assets less total liabilities divided by the number of common shares outstanding. For performance data on Amundi Pioneer’s closed-end funds, please call 800-225-6292 or visit our closed-end pricing page.

About Amundi Pioneer Asset Management

Amundi Pioneer is the U.S. business of Amundi, Europe’s largest asset manager by assets under management and ranked among the ten largest globally[1]. Boston is one of Amundi’s six main global investment hubs and offers a broad range of fixed-income, equity, and multi-asset investment solutions in close partnership with wealth management firms, distribution platforms, and institutional investors across the Americas, Europe, and Asia-Pacific. Our long history of proprietary research, robust risk management, disciplined investment processes, and strong client relationships has made Amundi Pioneer an investment advisor of choice among leading institutional and individual investors worldwide. Amundi Pioneer had approximately $89 billion in assets under management as of September 30, 2020.

[1] Source IPE “Top 500 asset managers” published in June 2020 and based on AUM as of end December 2019.

Visit amundipioneer.com/us for more information.

Follow us on www.linkedin.com/company/amundi-pioneer and https://twitter.com/amundipioneer.

Amundi Pioneer Distributor, Inc., Member SIPC

©2020 Amundi Pioneer Asset Management

Shareholder Inquiries: Please contact your financial advisor or visit amundipioneer.com/us.

Broker/Advisor Inquiries Please Contact: 800-622-9876

Media Inquiries Please Contact: Geoff Smith, 617-504-8520

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Professional Services Finance

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The Korea Fund, Inc. Declares Year-End Distribution

The Korea Fund, Inc. Declares Year-End Distribution

NEW YORK–(BUSINESS WIRE)–
The Board of Directors of The Korea Fund, Inc. (the “Fund”) (NYSE: KF) announced today they have declared a net investment income dividend of $0.5255 per share, payable on January 11, 2021, to stockholders of record on December 28, 2020, with an ex-dividend date of December 24, 2020.

The actual composition and character of the distributions stated above may be materially different from the composition or characterization of such distributions that existed at the time of this press release and may be comprised of net investment income, capital gains and/or return of capital. Factors contributing to the composition and character include the varied nature of the Fund’s investments and the performance of those investments, and that the ultimate characterization of the Fund’s distributions cannot finally be determined until the end of the Fund’s fiscal year, resulting in the possibility of a return of capital if the Fund makes total distributions in an amount that exceeds its net investment income and net realized capital gains during its fiscal year. Additional information as applicable regarding the composition of the distribution will be made available at www.thekoreafund.com after the payable date.

As a result of the foregoing and other factors, no assurance can be given as to the actual composition or character of the Fund’s distributions at the time of this press release and neither the Fund, Allianz Global Investors U.S. LLC (“AllianzGI U.S.”), nor any of their directors, members, officers or employees assumes responsibility for such statements.

This notice should not be used to prepare tax returns. In January 2021, Form 1099-DIV (or substitute Form 1099-DIV) will be sent to stockholders and will specify how the distribution should be characterized on a stockholder’s tax return for the 2020 calendar year.

The Korea Fund, Inc. is a non-diversified, closed-end investment company. The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges. Its shares are listed on the New York Stock Exchange under the symbol “KF.”

AllianzGI U.S. is the Fund’s investment manager. Investment in closed-end funds involves risks. Additional risks are associated with international investing, such as currency fluctuation, government regulations, economic changes and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the U.S. market. Additionally, this Fund focuses its investments in certain geographical regions, thereby increasing its vulnerability to developments in that region. All of these factors potentially subject the Fund’s shares to greater price volatility. The net asset value of the Fund will fluctuate with the value of the underlying securities. Closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.

The Fund’s daily New York Stock Exchange closing market price and net asset value per share, as well as other information, including updated portfolio statistics and performance are available at www.thekoreafund.comor by calling the Fund’s stockholder servicing agent at (800) 254-5197.

Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund’s performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund or a prospectus, circular or representation intended for use in the purchase or sale of Fund shares.

Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Fund shares involve investment risk, including possible loss of principal.

The Korea Fund, Inc.

Financial Advisors: (800) 926-4456

Shareholders: (800) 254-5197

Media Relations: (212) 739-3172

Julian Reid (Chairman of the Board) +44-7768 068 200

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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Stop & Shop Reaches Agreement with Local Union 1500 on Pension Fund Investment and Withdrawal; No Impact to Previously Issued 2020 Outlook

Zaandam, the Netherlands, 
December
 
1
8
, 2020 – Ahold Delhaize announces today that its U.S. brand Stop & Shop, reached an agreement to terminate its participation in the United Food & Commercial Workers (UFCW) – Local 1500 Pension Fund (the “1500 Plan”), through a transaction that the 1500 Plan’s trustees determined to be in the best interests of the 1500 Plan’s participants and beneficiaries. The agreement improves the security of pension benefits for associates as well as reduces financial risk for the company. This transaction will not impact the previously issued outlook for 2020. This statement should not be interpreted as an update to any component of the previously issued 2020 outlook, announced in the Q3 2020 earnings release.   

Stop & Shop will pay the 1500 Plan withdrawal liability of $225 million (~€184 million), on a pre-tax basis, to fulfill Stop & Shop’s obligations for past service for associates and retirees in the 1500 Plan. In addition, Stop & Shop expects to pay $4.1 million (~€3.4 million) to the defined contribution plan to provide transition benefits to certain plan participants who are near retirement. Stop & Shop will provide associates who are members of the UFCW Local 1500 future service retirement benefits through an existing defined contribution plan. Ongoing contributions to this defined contribution plan will have no significant impact to group financial results, as they will replace contributions that have been in place for the previous plan.     

On an after-tax basis, the withdrawal liability and contribution to the transition reserve total approximately $173 million (~€141 million). The withdrawal liability will be satisfied by installment payments to the 1500 Plan over the next three years.  Ahold Delhaize will therefore recognize a liability in these amounts, which will impact Q4 IFRS results. The liability will be excluded from underlying results and will therefore not impact the previously issued underlying operating results outlook for 2020. In 2020, $112.5 million (~€92 million) is expected to be paid, which is 50% of the settlement obligation.  The Group’s full year 2020 free cash flow outlook, which is expected to be at least €1.7 billion, will not be impacted due to the strong level of free cash flow already generated in the year-to-date through Q3.   

Cautionary notice 

This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as impact, outlook, to be, interests, improves, reduces, risk, update, expects, plan, near, will, future, ongoing, the next three years, expected to, through or other similar words or expressions are typically used to identify forward-looking statements. 

Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.