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You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/philadelphia-eagles/articles/41927640 | 2022-12-19T22:53:42 | en | 0.738227 |
More than 500 musicians and leaders in the classical music community have signed an open letter to the administration of The Juilliard School, demanding that the famed performing arts institution take immediate action regarding sexual misconduct allegations against composer Robert Beaser, the former chair of Juilliard's composition department. The open letter was first published Friday.
Sexual misconduct allegations against Beaser, as well as the late composer Christopher Rouse, were first published in the German-based VAN magazine last week.
On Monday, Juilliard confirmed to NPR that Beaser stepped away from teaching and his other responsibilities at the school as of Friday afternoon. Both the composition faculty and students received notifications of this development from the school's provost, Adam Meyer.
The emailed letter sent to faculty reads in part: "We will continue to conduct the investigation in a confidential manner. We want to assure you that our processes and procedures provide for fair and impartial treatment of all involved, and we are committed to our work to resolve this matter."
As of Monday morning, more than 500 musicians and leaders in the classical music community had signed the open letter. Calling Beaser's alleged conduct "a decades-long abuse of women and power," the signatories wrote: "Though we recognize and appreciate the need for due process, the volume of allegations, testimony, and supporting evidence of Beaser's misconduct are undeniably unsettling. Until the investigation is resolved, Beaser's presence in the Juilliard composition department could jeopardize the emotional well-being of students and inhibit a safe and healthy learning environment."
The letter signers include dozens of leading composers, educators and performing arts presenters across the U.S., many of whom are Juilliard graduates. The signatories include composers Vivian Fung, Sarah Kirkland Snider, Nicholas Britell, Missy Mazzoli, Vijay Iyer and George E. Lewis, and current professors at such institutions as Harvard, Princeton and Yale universities as well as Philadelphia's Curtis Institute of Music and Juilliard itself.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.publicradiotulsa.org/npr-national-news/npr-national-news/2022-12-19/more-than-500-musicians-demand-accountability-after-juilliard-misconduct-allegations | 2022-12-19T22:53:44 | en | 0.965785 |
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5 arrested for stealing $6K worth of items from Ulta Beauty, police say
TEXARKANA, Ark. (KSLA/Gray News) – Five women are facing charges after police say they stole more than $6,000 worth of merchandise from an Ulta Beauty store and then led police on a high-speed chase.
According to the Texarkana Arkansas Police Department, officers were called about a robbery at the store on Wednesday evening. Police said the suspects sped away in a vehicle as officers approached the scene.
Officers followed the car, which was clocked at traveling 133 mph. The suspects then began throwing the stolen merchandise out of the car’s windows, police said.
Police said the vehicle was finally stopped, and all five women inside the car were arrested. All five women are from Shreveport, Louisiana, which is about 70 miles south of the Ulta Beauty store in Texarkana, Arkansas.
Police arrested:
- Kyshawn Winston, 23
- Deja Hunter, 22
- Kayla Jones, 21
- Romekia Robinson, 21
- Marquina Capers, 23
Following a search, police said they found the stolen Ulta items inside the getaway car, along with a gun. The merchandise was valued at $6,000.
The women are facing a variety of charges and are being held at the Miller County Jail.
Copyright 2022 KSLA via Gray Media Group, Inc. All rights reserved. | https://www.wlbt.com/2022/12/19/5-arrested-stealing-6k-worth-items-ulta-beauty-police-say/ | 2022-12-19T22:56:17 | en | 0.965261 |
Jackson homeless shelters prepare for frigid temperatures this holiday weekend
JACKSON, Miss. (WLBT) - Homeless shelters in the capital city are working together to make sure everyone has a warm place to stay over the Christmas weekend.
Last winter, the director of the Stewpot Opportunity Center told us that three homeless people died in a matter of three weeks.
This year, Stewpot and other homeless shelters are working together to make sure that doesn’t happen again.
As bone-chilling temperatures make their way to the Jackson metro, homeless shelters like Stewpot and Shower Power will be working together to make sure everyone stays warm over the holiday weekend.
“In the past, when things have gotten... cold this long, we have tried to reach out to our sister agencies that also are serving people experiencing homelessness. So we’re really looking just to do that. But I think we have some new tools that will help us do it even better this time,” Jill Buckley explained.
Executive Director of Stewpot, Jill Buckley, said the Jackson homeless shelters have improved their line of communication, which allows the groups to make decisions much quicker.
“You would be able to look at the spreadsheet and know where the beds are available. So as long as we’re doing our job updating, then that really kind of solves the problem for everyone,” Buckley said.
But it’s not just bed availability. If one shelter has more supplies such as gloves, coats, and blankets, those resources can be sent over to another shelter that’s in need in a more efficient manner.
Ahead of the anticipated cold snap, Buckley said donations can help shelters be prepared early.
“Stewpot will be making sure that we have at our lunchtime meal, blankets and jackets and gloves and so forth available for people as they come through. You know, hand warmers are a huge help. Even stuff like coffee and creamer,” Buckley said.
Buckley said any amount of help that can be shared this holiday season could be a blessing to those looking for shelter during the frigid temps.
“This is when people really need your help,” Buckley said.
Locations for those experiencing homelessness to seek shelter from the upcoming freezing weather are forthcoming.
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Copyright 2022 WLBT. All rights reserved. | https://www.wlbt.com/2022/12/19/jackson-homeless-shelters-prepare-frigid-temperatures-this-holiday-weekend/ | 2022-12-19T22:56:24 | en | 0.963616 |
Judge hears closing arguments in Christopher Grider Jan. 6 case
WASHINGTON (Gray DC) - Christopher Grider was at the scene of one of the most infamous January sixth moments, the shooting of Ashli Babbit outside the House of Representatives lobby.
Grider says he was wrapped up in emotion, and never committed any violence. The prosecution and defense made their closing arguments beofre federal Judge Colleen Kollar-Kotelly Monday, Dec. 19.
The government argues Grider knew what he was doing as he unlawfully entered the Capitol. He’s accused of giving a fellow rioter a helmet that was used to smash the door to the House of Representatives lobby, and that he attempted to cut the power by gaining access to a circuit breaker inside.
The defense counters that Grider admits he was in the Capitol unlawfully, but claim he had no intent to disrupt the transfer of power.
The defense says Grider cannot explain or remember some of his actions that day, and he was swept up by the words of former President Donald Trump and his desire to support Senator Ted Cruz’s decision not to certify the election.
Grider has already plead guilty on two of his nine original charges. He faces up to nearly 40 years in prison if convicted of all charges. Kollar-Kotelly says she expects to come to a verdict on either Tuesday or Wednesday.
Copyright 2022 Gray DC. All rights reserved. | https://www.wlbt.com/2022/12/19/judge-hears-closing-arguements-christopher-grider-jan-6-case/ | 2022-12-19T22:56:30 | en | 0.974688 |
Prosecutors: Fraud fed Brooklyn preacher’s flashy lifestyle
NEW YORK (AP) — A Brooklyn preacher known for his close friendship with New York City’s mayor and a previous stint behind bars was indicted Monday on charges he plundered a parishioner’s retirement savings to bankroll his flashy lifestyle and extorted a businessman by falsely claiming he could lean on city connections to make “millions” together.
Lamor Miller-Whitehead — a Rolls Royce-driving bishop who made headlines in July when armed bandits crashed his church service and robbed him of $1 million in jewelry — is charged with wire fraud, extortion and making material false statements for allegedly lying to FBI agents by denying he had a second cell phone. The wire fraud and extortion charges each carry a maximum punishment of up to 20 years in prison.
Miller-Whitehead’s “campaign of fraud and deceit stops now,” Manhattan U.S. Attorney Damian Williams said.
Miller-Whitehead, 45, formed the Leaders of Tomorrow International Ministries in 2013 after serving a five-year prison sentenced for identity theft and grand larceny in a case that he claims was the result of an illegal conviction. Despite preaching in Brooklyn, he lives in a $1.6 million home in Paramus, New Jersey, records show. He also owns apartment buildings in Hartford, Connecticut.
Miller-Whitehead was expected to arraigned on the new charges Monday afternoon in a federal court in Manhattan.
“Bishop Lamor Whitehead is not guilty of these charges,” defense lawyer Dawn Florio said. “He will be vigorously defending these allegations. He feels that he is being targeted and being turned into a villain from a victim.”
Mayor Eric Adams, a former police captain who grew close to Miller-Whitehead while serving as Brooklyn’s borough president, said: “I’ve spent decades enforcing the law and expect everyone to follow it. I have also dedicated my life to assisting individuals with troubled pasts. While these allegations are troubling, I will withhold further comment until the process reaches its final conclusion.”
Miller-Whitehead is accused of bilking victims with threats and false promises of a better life and big investment returns. Miller-Whitehead took the money “with no intention of investing it, returning it, or enriching the victims,” the indictment said. Prosecutors did not implicate Adams and did not mention Miller-Whitehead’s ties to him.
In one case, mirroring a civil lawsuit filed last year, Miller-Whitehead allegedly defrauded a parishioner out of $90,000 in retirement savings by falsely promising to help her find a home and invest the remainder in his real estate business. Instead, prosecutors said, Miller-Whitehead used the money to buy thousands of dollars in luxury goods and clothing.
In the lawsuit, the parishioner alleges Miller-Whitehead told her he considered the money not as an investment, but a donation to his unsuccessful campaign last year for Brooklyn borough president and that he was under no obligation to repay her. The parishioner’s lawyer said they had no comment on Miller-Whitehead’s indictment.
Miller-Whitehead is also charged with attempting to convince a businessman to lend him $500,000 and give him a stake in certain real estate transactions, in part by claiming he could help the businessman by obtaining favorable actions from city government on his behalf, prosecutors said. Miller-Whitehead “knew he had no ability to obtain such actions” but claimed to the businessman that they would be making “millions,” prosecutors said.
Earlier this year, prosecutors said, Miller-Whitehead used the threat of force to get $5,000 from the businessman’s company. According to the indictment, law enforcement officers investigating Miller-Whitehead directed the businessman to make the payment in February. The businessman was not identified in the indictment.
Miller-Whitehead’s indictment shows he was already under investigation when he was robbed in July and, prior to that, when he showed up to a Manhattan police precinct in May in a Rolls Royce SUV attempting to negotiate the surrender of a man accused of fatally shooting a stranger on a New York City subway train.
Miller-Whitehead, noting his closeness with the mayor, told reporters at the time that he had “multiple conversations” with Adams regarding Andrew Abdullah’s surrender, although the suspect was ultimately picked up by police outside the offices of the public defender organization that was representing him.
According to the indictment, Miller-Whitehead was under investigation since at least February. That’s when he allegedly obtained the $5,000 from the businessman. In June, FBI agents executed a search warrant for Miller-Whitehead’s cellphones. That’s when they say he lied and claimed he only had one phone. After the search, according to the indictment, he sent a text message from his second phone referring to it as “my other phone.”
In an Instagram post in the wake of the church robbery, Miller-Whitehead defended his lifestyle, saying he’s “going to live his life the way God has it set up for him.”
“It’s not about me being flashy,” Miller-Whitehead said. “It’s about me, purchasing what I want to purchase. And it’s my prerogative to purchase what I want to purchase.”
___
Follow Michael Sisak on Twitter at twitter.com/mikesisak. Send confidential tips by visiting https://www.ap.org/tips/.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wlbt.com/2022/12/19/prosecutors-fraud-fed-brooklyn-preachers-flashy-lifestyle/ | 2022-12-19T22:56:37 | en | 0.973055 |
Ridgeland man pleads guilty to making threats against CDC Director; faces 5 years in prison
RIDGELAND, Miss. (WLBT) - A Ridgeland man pleaded guilty to making threats against the Centers for Disease Control and Prevention Director Rochelle Walensky.
Court documents say 39-year-old Robert Wiser Bates placed phone calls to the CDC in Atlanta, Georgia, and left voicemails for the director that were “threatening in nature” in July of 2021.
Bates admitted to agents from the Federal Bureau of Investigation that he made threatening phone calls and stated that he would also kill Dr. Anthony Fauci.
A federal district judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. Bates is scheduled to be sentenced on March 7, 2023, and faces a maximum penalty of five years in prison and a $250,000 fine.
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Copyright 2022 WLBT. All rights reserved. | https://www.wlbt.com/2022/12/19/ridgeland-man-pleads-guilty-making-threats-against-cdc-director-faces-5-years-prison/ | 2022-12-19T22:56:44 | en | 0.946697 |
High court temporarily blocks lifting of asylum restrictions
WASHINGTON (AP) — The Supreme Court is temporarily blocking an order that would lift pandemic-era restrictions on asylum seekers. But it is leaving open the prospect of lifting the restrictions by Wednesday.
The order Monday by Chief Justice John Roberts comes as conservative states are pushing to keep limits on asylum seekers that were put in place during the beginning of the coronavirus pandemic. They are appealing to the U.S. Supreme Court in a last-ditch effort before the limits are set to expire.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
WASHINGTON (AP) — Conservative states pushing to keep limits on asylum-seekers put in place during the beginning of the coronavirus pandemic are appealing to the U.S. Supreme Court in a last-ditch effort before the limits are set to expire.
But with the immigration restrictions going away on Wednesday it’s unclear if the Supreme Court will intervene. The nineteen states Monday asked the court for an emergency stay that would keep Title 42 in place.
“This Court’s review is warranted given the enormous national importance of this case. It is not reasonably contestable that the failure to grant a stay will cause an unprecedented calamity at the southern border,” the states wrote in their request.
The immigration restrictions, often referred to as Title 42, were put in place under then-President Donald Trump in March 2020 and have prevented hundreds of thousands of migrants from seeking asylum in the U.S. in recent years. But as they’re set to expire thousands more migrants are packed in shelters on Mexico’s border with the U.S.
Immigration advocates sued to stop the use of Title 42 to limit who can apply for asylum, saying that the policy goes against American and international obligations to people fleeing to the U.S. to escape persecution. And they’ve argued that things like vaccines and treatments for the coronavirus have made the policy outdated.
Conservative-leaning states have argued that lifting of Title 42 will lead to a surge of migrants into their states and take a toll on government services like health care or law enforcement. They also charge that the federal government has no plan to deal with an increase in migrants. With a Republican-controlled House set to take charge in early January, the imminent lifting of the pandemic-era restrictions has become a hot-button political issue.
The D.C. Circuit Court of Appeals rejected efforts by 19 conservative-leaning states late Friday to intervene in the case, saying they’d waited too long, leading the states to appeal to the Supreme Court.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wlbt.com/2022/12/19/states-appeal-supreme-court-keep-immigration-limits/ | 2022-12-19T22:56:50 | en | 0.966252 |
Teen arrested after Biloxi stabbing incident
BILOXI, Miss. (WLOX) - A Vancleave teenager was arrested Monday after a man was sent to the hospital with multiple stab wounds.
Trent Myles Otts, 18, was arrested Monday on a charge of aggravated assault.
Around 7:11 p.m. Saturday, Biloxi police officers responded to the 12000 block of John Lee Road for a reported assault. Police found a 38-year-old male victim who appeared to have been stabbed.
During the investigation, police developed Otts as a suspect. Police said he reportedly fled the scene after the stabbing.
Otts was arrested in the 15000 block of Livermore Road in Vancleave by the U.S. Marshal’s Gulf Coast Regional Fugitive Task Force.
Otts is held at the Harrison County jail on a $250,000 bond set by Judge Nick Patano.
If convicted, Otts could face up to 20 years in prison.
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Copyright 2022 WLOX. All rights reserved. | https://www.wlbt.com/2022/12/19/teen-arrested-after-biloxi-stabbing-incident/ | 2022-12-19T22:56:56 | en | 0.965451 |
Tragic romance between Alabama inmate and prison guard chronicled in new movie
NASHVILLE, Tenn. (WSMV) - The relationship and ensuing manhunt of a convicted murderer and a corrections officer in Alabama became national news in April 2022 and now it is already a movie.
The streaming service, Tubi, debuted ‘Prisoner of Love’ on December 14, which chronicles how the relationship between Casey White and Vicky White began inside the Lauderdale County, Ala., Jail and materialized into a failed scheme to run away together.
The movie’s synopsis is described as:
Inspired by a true story. A corrections officer falls in love with an inmate and helps plot his escape, leaving her hometown to question her choices.
On April 29, a corrections officer at the Lauderdale County, Ala., Jail drove away from the facility with inmate Casey White hidden in the backseat. That officer was Vicky White, who law enforcement would later find out, had developed a romantic relationship with Casey.
The manhunt lasted 11 days and ended in a violent pursuit through Vanderburgh County, Indiana, where their vehicle crashed and Vicky was found dead with a gunshot wound to the head. Her death is believed to be self-inflicted but Casey was eventually charged with her murder.
Copyright 2022 WSMV. All rights reserved. | https://www.wlbt.com/2022/12/19/tragic-romance-between-alabama-inmate-prison-guard-chronicled-new-movie/ | 2022-12-19T22:57:03 | en | 0.976109 |
WASHINGTON, Dec. 19, 2022 /PRNewswire/ -- Last week, the U.S. Department of Agriculture (USDA) mailed the 2022 Census of Agriculture paper questionnaires to all known agriculture producers across the nation and Puerto Rico. Last month, producers in the states received their survey codes with an invitation to respond online. Any producer who did not respond online now has the option to complete the ag census at agcounts.usda.gov or by mail. Producers who have already responded to the 2022 Census of Agriculture online do not need to respond again. The deadline for response is Feb. 6, 2023.
"We encourage producers to respond online," said USDA National Agricultural Statistics Service (NASS) Administrator Hubert Hamer. "We know producers are busy, which is why NASS worked to make responding to the ag census more convenient than ever before. The online questionnaire is secure and user friendly with several time saving features, such as skipping questions that do not pertain to the operation, pre-filling some information with previously reported data, and automatically calculating totals."
The Census of Agriculture remains the nation's only comprehensive and impartial agriculture data for every state, county, and U.S. territory. Farm operations of all sizes, urban and rural, which produced and sold, or normally would have sold, $1,000 or more of agricultural products in 2022, are included in the ag census. The data inform decisions about policy, programs, rural development, research, and more. The Census of Agriculture is the producer's voice in the future of American agriculture.
Responding to the Census of Agriculture is required by law under Title 7 USC 2204(g) Public Law 105-113. The same law requires NASS to keep all information confidential, to use the data only for statistical purposes, and only publish in aggregate form to prevent disclosing the identity of any individual producer or farm operation. NASS will release the results of the ag census in 2024.
To learn more about the Census of Agriculture, visit www.nass.usda.gov/agcensus.
NASS is the federal statistical agency responsible for producing official data about U.S. agriculture and is committed to providing timely, accurate, and useful statistics in service to U.S. agriculture.
USDA is an equal opportunity provider, employer, and lender.
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SOURCE USDA NASS | https://www.wlbt.com/prnewswire/2022/12/19/2022-census-agriculture-underway-usda-mails-forms-nations-producers/ | 2022-12-19T22:57:09 | en | 0.927647 |
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Alico To Contact Him Directly To Discuss Their Options
NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Alico, Inc. ("Alico" or the "Company") (NASDAQ: ALCO).
If you suffered losses exceeding $50,000 investing in Alico stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/ALCO.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On December 13, 2022, Alico filed with the Securities and Exchange Commission ("SEC") its Annual Report on Form 10-K for the year ended September 30, 2022 (the "2022 10-K"). In the 2022 10-K, Alico "restate[d] the Company's previously issued audited consolidated balance sheet, audited consolidated statements of changes in equity and related disclosures as of September 30, 2021 included in the Company's Annual Report on Form 10-K for the year ended September 30, 2021 (the '2021 10-K') previously filed with the SEC and the Company's previously issued unaudited consolidated balance sheet, unaudited consolidated statements of changes in equity and related disclosures as of the end of each quarterly periods ended June 30, 2022, March 31, 2022, December 31, 2021, June 30, 2021, March 31, 2021 and December 31, 2020 included in the Company's respective Quarterly Report on Form 10-Q for each of the quarters then ended previously filed with the SEC (together with the 2021 10-K, the 'Financial Statements')." The Company also disclosed that "[o]n December 12, 2022, the audit committee (the 'Audit Committee') of the board of directors of the Company concluded that the Company's previously issued Financial Statements can no longer be relied upon due to an error identified during the completion of the 2022 10-K." Specifically, Alico stated that "[t]he error that led to the Audit Committee's conclusion relates to the calculation of the deferred tax liabilities for the fiscal years 2015 through 2019, which resulted in a cumulative reduction in the Company's deferred tax liability, and a corresponding cumulative increase in retained earnings, of approximately $2,512,000 on the Company's balance sheet as of September 30, 2022."
On this news, Alico's stock price fell $2.64 per share, or 9.53%, to close at $25.05 per share on December 14, 2022.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
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SOURCE Faruqi & Faruqi, LLP | https://www.wlbt.com/prnewswire/2022/12/19/alico-investor-alert/ | 2022-12-19T22:57:15 | en | 0.936525 |
CHARLESTON, S.C., Dec. 19, 2022 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the world's leading cloud software company powering social good, has named Chad Anderson chief accounting officer. Prior to this role, Anderson served Blackbaud as senior vice president and corporate controller.
"We are excited to announce the promotion of Chad Anderson to chief accounting officer," said Tony Boor, chief financial officer, Blackbaud. "As a key executive and trusted leader within our finance organization over the past decade, Chad has proven his capabilities as a builder and leader of high performing teams, a driver of continuous process improvements and a strong business partner. He is an accomplished professional, and we look forward to the positive impact he will have on our finance and accounting team and on the broader organization in this new role."
Anderson has been with Blackbaud since March 2013, leading efforts to mature, modernize, rationalize and improve the efficiency of Blackbaud's financial systems, processes and organization. As corporate controller, Anderson oversaw the company's financial operations globally including external financial reporting, corporate accounting, financial shared services, tax, financial planning, integration of acquired companies, and corporate internal control functions.
"I am thrilled about the opportunity to continue to serve Blackbaud in this new role and expanded capacity," said Anderson. "I look forward to working alongside the talented team to help Blackbaud continue to grow, innovate, serve our customers and deliver value to our stakeholders."
Prior to joining Blackbaud, Anderson was an executive with Brightpoint Inc., a global provider of mobile device lifecycle services to the wireless industry. There, he held multiple financial leadership roles across the globe, including serving as vice president of finance for international operations and then chief financial officer of the Europe, Middle East and Africa region. Before that, Anderson held various financial management roles in the financial services sector. He has a degree in finance from Indiana University.
Anderson is an active member of the Charleston community where he lives with his family, and he serves on the board of multiple nonprofit organizations.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG), school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than four decades, Blackbaud is a remote-first company headquartered in Charleston, South Carolina, with operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit www.blackbaud.com or follow us on Twitter, LinkedIn, Instagram and Facebook.
Media Inquiries
media@blackbaud.com
Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
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SOURCE Blackbaud, Inc. | https://www.wlbt.com/prnewswire/2022/12/19/blackbaud-names-chad-anderson-chief-accounting-officer/ | 2022-12-19T22:57:21 | en | 0.946204 |
Architecture is Within Us: The Selected Works of Balkrishna Doshi
BOSTON, Dec. 19, 2022 /PRNewswire/ -- The Boston Architectural College (BAC) is pleased to announce an original international exhibit featuring works by Pritzker Prize winning Indian architect and BAC's honorary alumnus Balkrishna Doshi, Architecture is Within Us: The Selected Works of Balkrishna Doshi. Doshi is considered one of the leading architects of our time having worked with Le Corbusier and Louis Kahn. As a pioneer of culturally-rooted modernist architecture and urban design, Doshi has contributed to elevating architectural discourse throughout his life's career.
Considerable planning went into bringing this distinctive collection of Doshi's work to the BAC—led by the BAC's President, Dr. Mahesh Daas and Dean of Architecture, Karen Nelson—along with close collaboration with architect Khushnu Panthaki Hoof, curator of the exhibition, who notes, "For Doshi, humanism and empathy have been the guiding principles that inform his approach to architecture. This exhibition of selected projects further explores and underlines his search for intangibles that celebrate the architecture within." The exhibition has been generously underwritten by the Commonwealth of Massachusetts.
This original exhibit commissioned by the BAC reveals Doshi's emerging sense of architecture as a platform for living with dignity and joy and evolution. Doshi's illustrious work spans over 60 years at multiple scales. His projects exemplify the crucial role architecture plays in connecting society and promoting wellbeing, a sense of identity, and communal spirit. This exhibit, along with complementary programming spearheaded by the BAC, will bring to the fore the need for social, economic, gender, and racial diversity in architecture and allied fields. Doshi's work and this exhibit opens up opportunities for divergent discourses and ideas.
"We are honored to present an original exhibit of this magnitude, ambition, and cultural impact to the BAC and the greater community," said Dr. Mahesh Daas, president. "As the BAC's 2021 honorary doctorate recipient, commencement speaker, and inaugural guest on BAC Channel, Doshi has cultivated deep roots within our global community. He has graciously offered his precious time—even in the midst of the global pandemic—connecting across thousands of miles to offer us precious insights into design education, theory, rituals, space, and architecture. Daas continues, "This exhibit offers people an opportunity to experience a sense of Doshi's immeasurable impact as guests move through different moments in his life. Offering all who attend to come away with a sense of appreciation for his view of architecture as it relates to varying cultures, the natural world, our life stories, and our human experience."
Architecture is Within Us: The Selected Works of Balkrishna Doshi opens January 11, 2023, and runs through May 9, 2023, in the McCormick Gallery located at 320 Newbury Street in Boston.
Founded in 1889, The Boston Architectural College (BAC) is an internationally recognized institution with a diverse student and alumni population representing more than 54 countries. Providing excellence in practice-integrated design education, the BAC was Ranked #1 for Best Graduate School in Architecture for Earning Potential and #4 for Best Architecture School Offering Bachelor's Degrees in the U.S. in 2020 by GradReports. The BAC offers bachelor and graduate degrees in architecture, interior architecture, landscape architecture, design studies as well as offering continuing education certificates and courses. The BAC upholds the importance of inclusive admission, diversity, innovation, dedicated faculty, and the intrinsic value of both academic and experiential education.
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SOURCE Boston Architectural College | https://www.wlbt.com/prnewswire/2022/12/19/boston-architectural-college-commissions-international-exhibit-debuting-january-2023/ | 2022-12-19T22:57:27 | en | 0.952759 |
CHARLOTTE, N.C., Dec. 19, 2022 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that California Steel Industries, Inc. (CSI) will build a continuous galvanizing line at its mill in Fontana, California. The new galvanizing line will serve construction end markets in the western United States and is expected to have an annual capacity of 400,000 tons. With the addition of this new line, CSI will have a total hot dip galvanizing capacity of 1.2 million tons per year. The investment is expected to cost approximately $370 million and take 30 months to construct following regulatory approvals.
"With recent closures of galvanizing capacity in the western region, CSI is seizing an opportunity to provide the high-quality value-added products that our customers have requested," said Leon Topalian, Chair, President and Chief Executive Officer of Nucor Corporation. "This investment continues the strong partnership we have cultivated with JFE Steel of growing together in North America."
CSI is a flat-rolled steel converter with the capability to produce more than 2 million tons of finished steel and steel products annually. The company has five product lines including hot rolled, pickled and oiled, cold rolled, galvanized, and ERW pipe. Key end-use markets served by CSI include the construction, service center and energy markets. CSI employs more than 800 full-time and temporary teammates. CSI is the second partnership between Nucor and JFE Steel of Japan, following the formation of Nucor JFE Steel Mexico, which completed construction in 2020 and is in qualification trials with the burgeoning regional automotive market. Nucor acquired a 51% stake in CSI earlier this year.
In addition to its majority ownership of CSI, Nucor currently operates five strategically located sheet mills that utilize thin slab casters to produce flat-rolled steel for automotive, appliance, construction, pipe and tube, and many other industrial and consumer applications. The company also has a sixth wholly owned sheet mill under construction in West Virginia. The capacity of Nucor's sheet mills is currently estimated at 14 million tons per year and, inclusive of this investment and the planned additions in West Virginia and South Carolina, Nucor will grow to 6.4 million tons of galvanizing capacity in the United States. All of Nucor's sheet mills are equipped with galvanizing lines and five of them are equipped with cold rolling mills for the further processing of hot-rolled sheet steel.
About Nucor
Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.
Forward-Looking Statements
Certain statements contained in this news release are "forward-looking statements" that involve risks and uncertainties which we expect will or may occur in the future and may impact our business, financial condition and results of operations. The words "anticipate," "believe," "expect," "intend," "project," "may," "will," "should," "could" and similar expressions are intended to identify those forward-looking statements. These forward-looking statements reflect the Company's best judgment based on current information, and, although we base these statements on circumstances that we believe to be reasonable when made, there can be no assurance that future events will not affect the accuracy of such forward-looking information. As such, the forward-looking statements are not guarantees of future performance, and actual results may vary materially from the projected results and expectations discussed in this news release. Factors that might cause the Company's actual results to differ materially from those anticipated in forward-looking statements include, but are not limited to: (1) competitive pressure on sales and pricing, including pressure from imports and substitute materials; (2) U.S. and foreign trade policies affecting steel imports or exports; (3) the sensitivity of the results of our operations to prevailing market steel prices and changes in the supply and cost of raw materials, including pig iron, iron ore and scrap steel; (4) the availability and cost of electricity and natural gas, which could negatively affect our cost of steel production or result in a delay or cancellation of existing or future drilling within our natural gas drilling programs; (5) critical equipment failures and business interruptions; (6) market demand for steel products, which, in the case of many of our products, is driven by the level of nonresidential construction activity in the United States; (7) impairment in the recorded value of inventory, equity investments, fixed assets, goodwill or other long-lived assets; (8) uncertainties surrounding the global economy, including excess world capacity for steel production, inflation and interest rate changes; (9) fluctuations in currency conversion rates; (10) significant changes in laws or government regulations affecting environmental compliance, including legislation and regulations that result in greater regulation of greenhouse gas emissions that could increase our energy costs, capital expenditures and operating costs or cause one or more of our permits to be revoked or make it more difficult to obtain permit modifications; (11) the cyclical nature of the steel industry; (12) capital investments and their impact on our performance; (13) our safety performance; and (14) the impact of the COVID-19 pandemic and any variants of the virus. These and other factors are discussed in Nucor's regulatory filings with the Securities and Exchange Commission, including those in "Item 1A. Risk Factors" of Nucor's Annual Report on Form 10-K for the year ended December 31, 2021. The forward-looking statements contained in this news release speak only as of this date, and Nucor does not assume any obligation to update them, except as may be required by applicable law.
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SOURCE Nucor Corporation | https://www.wlbt.com/prnewswire/2022/12/19/california-steel-industries-build-galvanizing-line-fontana-mill/ | 2022-12-19T22:57:37 | en | 0.946284 |
CHICAGO, Dec. 19, 2022 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced the election of Hillary A. Sale as a new member of the Boards of Directors for the Cboe U.S. Securities Exchanges, Cboe Futures Exchange, and Cboe SEF. Ms. Sale is the Associate Dean for Strategy, the Agnes Williams Sesquicentennial Professor of Leadership and Corporate Governance, and a Professor of Management at Georgetown University.
Ms. Sale is being added as an additional director on each of the boards, bringing the number of directors on each board to nine.
"We are pleased to welcome Hillary Sale as our newest director on these boards," said Brian Schell, Chief Financial Officer and Treasurer of Cboe Global Markets and Chair of these boards. "Hillary's expertise in leadership and corporate strategy will offer an invaluable perspective as we continue to innovate and expand access to our diverse multi-asset product suite. I look forward to working with her and the rest of the directors on the initiatives that will guide our businesses into the future."
Ms. Sale joined Georgetown University in 2018, where she is currently the Associate Dean for Strategy, the Agnes Williams Sesquicentennial Professor of Leadership and Corporate Governance, and a Professor of Management. She works with business leaders in custom executive education programs at Harvard Law School, where she chairs the Women's Leadership Initiative, and at the Georgetown University McDonough School of Business and Law Center. Ms. Sale is also a member of the Advisory Board of Foundation Press, which is an educational publisher of scholarly books, as well as a faculty member with the National Association of Corporate Directors, which, among other functions, provides director education.
Ms. Sale was previously a member of the FINRA Board of Governors, where she chaired the Regulatory Policy Committee and served on the Executive, Nominating and Governance, Compensation, and Regulatory Operations Committees. Ms. Sale also previously served as a member of the board of DirectWomen, an organization working to increase the representation of women lawyers on corporate boards. Ms. Sale graduated from Harvard Law School and holds a master's degree in Economics from Boston University, where she also completed her bachelor's degree.
The Boards of Directors on which Ms. Sale will serve include the boards of Cboe BYX Exchange, Inc., Cboe BZX Exchange, Inc., Cboe C2 Exchange, Inc., Cboe EDGA Exchange, Inc., Cboe EDGX Exchange, Inc., Cboe Exchange, Inc., Cboe Futures Exchange, LLC, and Cboe SEF, LLC.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX and digital assets across North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.
CBOE-C
CBOE-OE
Cboe®, Cboe Global Markets®, and CFE® are registered trademarks and Cboe Futures ExchangeSM is a service mark of Cboe Exchange, Inc.
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SOURCE Cboe Global Markets, Inc. | https://www.wlbt.com/prnewswire/2022/12/19/cboe-global-markets-announces-election-hillary-sale-cboe-us-securities-exchanges-cfe-cboe-sef-boards/ | 2022-12-19T22:57:43 | en | 0.955041 |
ATLANTA, Dec. 19, 2022 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that its Board of Directors has declared a cash dividend of $0.32 per common share for the fourth quarter of 2022. The fourth quarter dividend will be payable on January 13, 2023 to common shareholders of record on January 4, 2023.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.
This press release does not constitute an offer of any securities for sale. Certain matters discussed in this press release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk and actual results may differ materially from projections. Readers should carefully review Cousins' financial statements and notes thereto, as well as the risk factors described in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and other documents Cousins files from time to time with the Securities and Exchange Commission. Such forward-looking statements are based on current expectations and speak as of the date of such statements. Cousins undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com
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SOURCE Cousins Properties | https://www.wlbt.com/prnewswire/2022/12/19/cousins-properties-announces-its-fourth-quarter-2022-common-stock-dividend/ | 2022-12-19T22:57:50 | en | 0.939321 |
FRANKLIN, N.C., Dec. 19, 2022 /PRNewswire/ -- Drake Software ("Drake" or the "Company"), a provider of comprehensive professional tax preparation software, today announced that Dermot Halpin has joined as Executive Chair. The appointment follows the completion of the acquisition of TaxAct, a leading provider of digital, do-it-yourself ("DIY") tax filing assistance software and services, and the combination of TaxAct with Drake under a single holding company.
Mr. Halpin brings significant leadership experience building and scaling high-growth consumer marketplace platforms. Throughout his career he has led businesses operating worldwide, and previously held senior leadership positions including President of Attractions and Vacation Rentals at TripAdvisor and President of Europe, Middle East and Africa at Expedia. He currently serves as a non-executive Director at Datalex.
Both Drake and TaxAct will continue to operate under their own brands to serve their distinct client bases. Dom Morea, President and CEO of Drake Software, and Curtis Campbell, President and CEO of TaxAct, will remain in their current roles and continue to lead the respective businesses.
Mr. Halpin commented:
"I am thrilled for the opportunity to partner with the exceptional Drake and TaxAct teams to accelerate growth through a focus on how the business can meet the complex needs of tax professionals and individual consumers alike. I have spent my career helping companies and brands create best-in-class organizations, and I share the Drake and TaxAct teams' unwavering focus on their customers. I look forward to working alongside Curtis and Dom to continue to build our capabilities and deliver best-in-class products for customers across the tax ecosystem."
Since it was founded in 1998, TaxAct has grown rapidly, providing DIY tax filing services to more than 90 million individual filers to date, and was the first online software provider to offer free tax filing services.
With a 45-year track record of best-in-class products and services, Drake Software provides software solutions to more than 70,000 tax offices throughout the U.S.
Mr. Campbell commented:
"We are thrilled to partner with Dermot – his deep experience leading and growing large consumer-facing, technology-enabled companies will provide invaluable expertise through our next phase of growth."
Mr. Morea commented:
"We believe that by combining our businesses, both will be better positioned to support our respective customer bases with comprehensive, industry leading products. Our complementary businesses share a collective vision for delighting customers through exceptional customer service."
Media contacts
Drake Software
Krista Lee
Email. krista.lee@drakesoftware.com
TaxAct
Amy Roepke
Email. amy.roepke@taxact.com
About Drake Software
Drake Software, a private company founded in 1977, provides software solutions to more than 70,000 tax and accounting firms that file more than 40 million tax returns every year. Known for its award-winning customer service team, Drake is also consistently recognized for excellence in quality, value, and reliability. As part of its commitment to innovation and customer success, the company has continued to expand product offerings, integrations, and customer-service efforts, more than doubling its customer base over the past decade.
About TaxAct
TaxAct is a savvy, tax-filing solution that provides filers with affordable DIY tax software to successfully navigate the U.S. tax code. As a pioneer in the industry, TaxAct's products enable all users – regardless of profession, tax bracket or complexity of their return – to quickly and accurately file their taxes all while discovering new ways to leverage their tax situation and improve their financial well-being. At TaxAct, taxes are our expertise, but we don't see them as the end goal. Rather, we believe taxes are a stepping-stone to possibility. Possibilities that are unique as every filer. Possibilities that help each hardworking American not only claim the money they deserve but also enable them to make smart money decisions. We deliver the power of possibility through straightforward technology to help filers secure their best tax outcome and elevate their financial lives.
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SOURCE Drake Software | https://www.wlbt.com/prnewswire/2022/12/19/dermot-halpin-appointed-executive-chair-drake-taxact/ | 2022-12-19T22:57:57 | en | 0.961613 |
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HOUSTON, Dec. 19, 2022 /PRNewswire/ -- Zeta Energy, a Texas-based company that has developed a safe, low-cost, high performance and sustainable battery for the electric vehicle and energy storage markets, announced today that Dr. Franz Josef Kruger has joined Zeta's advisory board.
Franz Josef Kruger is Chief Executive Officer at InnoventisConsulting S.A. and a Senior Advisor at Roland Berger, a global consultancy with extensive experience in the automotive, battery and energy sectors. He was formerly head of R&D for electric vehicle batteries at Varta AG and brings over forty years of experience working with batteries and the automotive industry.
As noted by Charles Maslin, CEO of Zeta Energy, "Franz's deep industry knowledge and expertise across the entire battery manufacturing process along with his stellar industry reputation make him an invaluable addition to the Zeta team. The fact that Franz was attracted to Zeta after being hired by a third party to evaluate the commercial viability of our technology is an affirmation of our critical path as well as an honor to our team."
Zeta Energy has developed a lithium sulfur battery system with both a proprietary cathode and a proprietary anode. Its sulfurized carbon cathodes offer superior stability and capacity by preventing the polysulfide shuttle effect that has long held back advances in lithium sulfur batteries. Zeta's sulfur-based cathodes are also inherently inexpensive, dramatically simplifying and securing the supply chain by eliminating the use of cobalt, nickel, and manganese. Zeta's lithium metal anode is dendrite free and has significantly higher energy density than current and advanced anode technologies.
Zeta Energy is a US-based privately-held company focused on developing and commercializing high performance, safe, rechargeable batteries that are lower cost and sustainably manufactured. Zeta has filed more than thirty patents on its proprietary carbon nanotube anode and sulfur cathode technology. The Company may from time to time disclose public material events via its website at http://www.ZetaEnergy.com or its social media accounts at the following locations:
https://www.linkedin.com/company/zeta-energy-corp/about/
https://twitter.com/ZetaEnergy
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SOURCE Zeta Energy | https://www.wlbt.com/prnewswire/2022/12/19/dr-franz-josef-kruger-joins-zeta-energy-advisory-board/ | 2022-12-19T22:58:03 | en | 0.957934 |
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Company prohibited from distributing drug products that violate the law
SILVER SPRING, Md., Dec. 19, 2022 /PRNewswire/ -- Today, the U.S. District Court for the Western District of Oklahoma entered a consent decree against Qualgen LLC, an outsourcing facility with a history of violations. The consent decree prohibits the company from directly or indirectly distributing adulterated drugs in interstate commerce.
The consent decree entered against Qualgen, its majority owner, Shaun Riney, and its Director of Quality, Jasen Lavoie, follows a complaint filed by the U.S. Department of Justice on behalf of the U.S. Food and Drug Administration. The complaint asserts that Qualgen introduced into interstate commerce adulterated drugs that were manufactured, processed, packed or held under conditions that violate current good manufacturing practice (CGMP) requirements.
"While drugs compounded by outsourcing facilities are not subject to pre-market review and approval by the FDA for safety and effectiveness, they must comply with rigorous manufacturing quality assurance requirements," said Jill P. Furman, J.D., acting director of the Office of Compliance in the FDA's Center for Drug Evaluation and Research. "The FDA's commitment to ensuring compliance with current good manufacturing practice requirements is a critical protection for patients. We will remain vigilant and hold all manufacturers accountable to best protect the public health."
Under section 503B of the Federal Food, Drug, and Cosmetic Act (FD&C Act), a compounder can register as an outsourcing facility, which is defined as a facility at one geographic location or address that is engaged in the compounding of sterile drugs, has elected to register as an outsourcing facility and complies with all the requirements of section 503B of the FD&C Act. Qualgen is registered with the FDA as an outsourcing facility.
Drugs compounded by an outsourcing facility can qualify for exemptions from FDA approval requirements and the requirement to label products with adequate directions for use, but not from CGMP requirements.
The agency inspected and cited Qualgen for violations of CGMP requirements during several inspections since 2015, issuing a safety alert in 2015 and a warning letter in 2016. The FDA's most recent inspection of Qualgen's Oklahoma facilities ended in September 2022. Qualgen manufactures and ships compounded drugs from its Oklahoma facilities.
Compounded drugs can serve an important role for patients whose medical needs cannot be met by an FDA-approved drug product. Compounded drugs are not approved by the FDA and, therefore, have not been evaluated for safety or efficacy.
The case was filed by the U.S. Department of Justice's Consumer Protection Branch, on behalf of the FDA.
Additional Resources:
Media Contact: Audra Harrison, 301-908-6101
Consumer Inquiries: 888-INFO-FDA
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SOURCE U.S. Food and Drug Administration | https://www.wlbt.com/prnewswire/2022/12/19/fda-announces-federal-court-enters-consent-decree-against-oklahoma-drug-compounder/ | 2022-12-19T22:58:10 | en | 0.951646 |
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The following is attributed to FDA Commissioner Robert M. Califf, M.D.
SILVER SPRING, Md., Dec. 19, 2022 /PRNewswire/ -- Earlier this year, I commissioned an external evaluation of the U.S. Food and Drug Administration's Tobacco Program, to be conducted by an external expert panel facilitated by the Reagan-Udall Foundation, led by former FDA Chief of Staff Lauren Silvis. The panel was asked to assess the Tobacco Program's regulatory processes and agency operations relating to regulations and guidance, application review, compliance and enforcement and communication with the public and other stakeholders.
Today, the panel released its findings and recommendations to the agency. I want to thank the panel and the Reagan-Udall Foundation for their work and for all those, including FDA staff and external stakeholders, who provided important feedback for the panel to consider.
Over the next several weeks, Center for Tobacco Products leadership will closely review the report's findings and recommendations, in consultation with the Commissioner's Office, to determine next steps and will provide an update by early February. Importantly, since joining the FDA as the director for the Center for Tobacco Products in July, Brian King, Ph.D., M.P.H., has continued to build on the work of his predecessors while also implementing changes to best position the center for success moving forward.
This work is particularly critical as we focus on preventing initiation, while also helping people quit, especially the deadliest form of tobacco use, combustible tobacco products. Despite meaningful declines in cigarette use over the past several decades, nearly 500,000 Americans still die every year from cigarette smoking. Additionally, with more than 3 million youth reporting current use of a tobacco product in 2022, and e-cigarettes being the most used product, we risk another generation becoming addicted to these products.
While we consider potential improvements to our operations and processes for tobacco product regulation, we are committed to communicating any changes with clarity and transparency for our many stakeholders. For the FDA to build on this work in the ever-evolving tobacco marketplace, it's also critical to ensure CTP has what it needs to adequately and efficiently address the recommendations in the report.
We've made important progress and reached science-based regulatory decisions across a broad array of products in the 13 years since Congress tasked the FDA with regulating tobacco products. And as I've noted previously, even greater challenges and opportunities lie ahead as we determine how the agency will navigate complex policy issues and determine enforcement activities for an increasing number of novel products that could potentially have significant impact on public health.
The hardworking and talented individuals in CTP, and across the FDA, deserve the best support possible so they can fulfill their strong commitment to public health – and the American public that we serve. It is my belief that this effort will continue strengthening the FDA and better position the agency to deal with the many immediate public health issues related to tobacco products we are facing, while preparing for challenges and opportunities in the future.
Media Contact: FDA Office of Media Affairs, 301-796-4540
Consumer Inquiries: Email, 888-INFO-FDA
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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LUBBOCK, Texas, Dec. 19, 2022 /PRNewswire/ -- Texas District Court Judge James Wesley Hendrix held a preliminary injunction hearing in case number 6:22-cv-00049-H, Schelske v. Austin.
The case involves six Army soldiers and four Army West Point cadets who have been denied their request for religious accommodation from receiving the currently available COVID-19 vaccines in violation of the Religious Freedom Restoration Act and the First Amendment.
At the end of the six-hour hearing, the United States Army was directed to notify the Court of the names of any other soldiers or cadets it intends to discharge for refusing a Covid-19 vaccine for religious reasons at least seven days before discharge. If you are in the Army and believe you are in this situation, please email wcox@sirillp.com.
Plaintiffs are represented by attorneys Aaron Siri, Wendy Cox, and Elizabeth A. Brehm of Siri & Glimstad; Chris Wiest of Chris Wiest Attorney at Law, PLLC; and Thomas Bruns of Bruns, Connell, Vollmar & Armstrong, LLC.
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PHILADELPHIA, Dec. 19, 2022 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today it will release its fourth quarter 2022 earnings on Tuesday, February 7, 2023, after the stock market close via PR Newswire and the company's website https://investors.fmc.com.
The company will host a webcast conference call on Wednesday, February 8, 2023, at 9:00 a.m. ET that is open to the public via internet broadcast and telephone.
Fourth Quarter Conference Call Details:
Internet broadcast: https://investors.fmc.com
Dial-in telephone numbers:
US Toll Free: 1-844-200-6205
Canada Toll Free: 1-833-950-0062
Other International: 1-929-526-1599
Access code: 296895
A replay of the call will be available via the internet and telephone from 11:00 a.m. ET on February 8, 2023 until March 1, 2023.
Internet replay: https://investors.fmc.com
US Toll Free: 1-866-813-9403
Canada: 1-226-828-7578
Other International: +44-204-525-0658
Replay Access Code: 464793
About FMC
FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn® and Twitter®.
Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. In addition to the continued uncertainty generated by the ongoing COVID pandemic on our financial condition, results of operations, cash flows and performance, additional factors include, among other things, the risk factors and other cautionary statements included within FMC's 2021 Form 10-K filed with the SEC as well as other SEC filings and public communications. Moreover, investors are cautioned to interpret many of these factors as being heightened as a result of the ongoing and numerous adverse impacts of COVID.
FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.
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RESTON, Va., Dec. 19, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) announced today that it has appointed chief financial officer Jason Aiken as executive vice president of the Technologies segment effective January 1, 2023. Aiken will retain his responsibilities as chief financial officer while expanding his leadership role. Christopher Marzilli, who has served as executive vice president of Technologies since 2019, has informed the company of his intent to retire in early 2023.
Phebe N. Novakovic, chairman and chief executive officer, said "Chris Marzilli has served General Dynamics with distinction for 40 years and contributed to the robust growth and profitability of the Technologies segment. We thank Chris for his many years of service to General Dynamics and we wish him well."
"Jason Aiken is a very capable, proven leader who is positioned to ensure that the Technologies segment continues to meet our customers' needs while delivering on its strong backlog and focusing on future growth," said Novakovic.
Aiken has served as senior vice president and chief financial officer of the company since January 2014.
General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information about General Dynamics is available at www.gd.com.
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NEW YORK, Dec. 19, 2022 /PRNewswire/ -- The InfraCap MLP ETF (NYSE Arca: AMZA) (the "Fund") has declared a monthly distribution of $0.22 ($2.64 per share on an annualized basis). The distribution will be paid January 17, 2023 to shareholders of record as of the close of business January 11, 2023.
AMZA Cash Distribution:
- Ex-Date: Tuesday, January 10, 2023
- Record Date: Wednesday, January 11, 2023
- Payable Date: Tuesday, January 17, 2023
The Fund estimates that 100 percent of the distribution, or $0.22 per share, is attributable to return of capital and that 0.00 percent, or $0.00 per share, is attributable to dividend income. Infrastructure Capital Advisors expects to declare future distributions on a monthly basis. Distributions are planned, but not guaranteed, for every month.
November/December Tax Note - MLPs are taxed as partnerships to pass on tax benefits to shareholders. MLPs issue K-1s to AMZA after the calendar year end. AMZA is structured as a C-Corporation so that investors receive one 1099 instead of receiving many K-1s from the underlying MLPs. Due to the timing of the Fund's fiscal year end (October 31), AMZA pays the November and December distributions in January. This distribution schedule helps to facilitate the timely and accurate 1099 preparation each tax year.
For more information about AMZA's distribution policy, its 2022 distribution calendar, or tax information, please visit the Fund's website at www.virtusetfs.com.
Virtus ETF Advisers is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary exchange-traded-funds subadvised by select investment managers.
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds and a series of hedge funds. The firm was formed in 2012 and is based in New York City. Jay Hatfield is portfolio manager at ICA. Mr. Hatfield has extensive knowledge from his over 30 years of experience on Wall Street and frequently appears in the media to share his market commentary and outlook. For more about Jay Hatfield, visit https://www.infracapfunds.com/leadership.
ICA seeks total-return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on asset-intensive companies that generate and distribute substantial streams of free cash flow. For more information, please visit www.infracapfunds.com.
Fund Risks
Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities.
MLP Interest Rates: As yield-based investments, MLPs carry interest rate risk and may underperform in rising interest rate environments. Additionally, when investors have heightened fears about the economy, the risk spread between MLPs and competing investment options can widen, which may have an adverse effect on the stock price of MLPs. Rising interest rates may increase the potential cost of MLPs financing projects or cost of operations, and may affect the demand for MLP investments, either of which may result in lower performance by or distributions from the Fund's MLP investments.
Industry/Sector Concentration: A fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated fund.
Short Sales: The Fund may engage in short sales, and may experience a loss if the price of a borrowed security increases before the date on which the Fund replaces the security.
Leverage: When a Fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.
Derivatives: Investments in derivatives such as futures, options, forwards, and swaps may increase volatility or cause a loss greater than the principal investment.
MLPs: Investments in Master Limited Partnerships may be adversely impacted by tax law changes, regulation, or factors affecting underlying assets.
No Guarantee: There is no guarantee that the portfolio will meet its objective.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.infracapmlp.com to obtain a prospectus which contains this and other information about the Fund. The prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the sub-advisor to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
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NEW YORK, Dec. 19, 2022 /PRNewswire/ -- The InfraCap REIT Preferred ETF (NYSE Arca: PFFR) (the "Fund") has declared a monthly distribution of $0.12 per share ($1.44 per share on an annualized basis). The distribution will be paid December 29, 2022 to shareholders of record as of the close of business December 21, 2022.
PFFR Cash Distribution:
- Ex-Date: Tuesday, December 20, 2022
- Record Date: Wednesday, December 21, 2022
- Payable Date: Thursday, December 29, 2022
Infrastructure Capital Advisors expects to declare future dividends on a monthly basis. Distributions are planned, but not guaranteed, for every month. The next distribution is scheduled to occur in January 2023.
For more information about PFFR's distribution policy, its 2022 distribution calendar, or tax information, please visit the Fund's website at www.virtusetfs.com.
About Virtus ETF Advisers
Virtus ETF Advisers is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, Virtus offers a range of complementary exchange-traded-funds subadvised by select investment managers.
About Infrastructure Capital Advisors, LLC
Infrastructure Capital Advisors, LLC (ICA) is an SEC-registered investment advisor that manages exchange traded funds and a series of hedge funds. The firm was formed in 2012 and is based in New York City. Jay Hatfield is portfolio manager at ICA. Mr. Hatfield has extensive knowledge from his over 30 years of experience on Wall Street and frequently appears in the media to share his market commentary and outlook. For more about Jay Hatfield, visit https://www.infracapfunds.com/leadership.
ICA seeks total-return opportunities in key infrastructure sectors, including energy, real estate, transportation, industrials and utilities. It often identifies opportunities in entities that are not taxed at the entity level, such as master limited partnerships ("MLPs") and real estate investment trusts ("REITs"). It also looks for opportunities in credit and related securities, such as preferred stocks. Current income is a primary objective in most, but not all, of the company's investing activities. The focus is generally on asset-intensive companies that generate and distribute substantial streams of free cash flow. For more information, please visit www.infracapfunds.com.
DISCLOSURE
Fund Risks
Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities. Preferred Stocks: Preferred stocks may decline in price, fail to pay dividends, or be illiquid. Real Estate Investments: The Fund may be negatively affected by factors specific to the real estate market, including interest rates, leverage, property, and management. Industry/Sector Concentration: A Fund that focuses its investments in a particular industry or sector will be more sensitive to conditions that affect that industry or sector than a non-concentrated Fund. Passive Strategy/Index Risk: A passive investment strategy seeking to track the performance of the underlying index may result in the Fund holding securities regardless of market conditions or their current or projected performance. This could cause the Fund's returns to be lower than if the Fund employed an active strategy. Correlation to Index: The performance of the Fund and its index may vary somewhat due to factors such as Fund flows, transaction costs, and timing differences associated with additions to and deletions from its index. Market Volatility: Securities in the Fund may go up or down in response to the prospects of individual companies and general economic conditions. Price changes may be short or long term. Prospectus: For additional information on risks, please see the Fund's prospectus.
You should consider the Fund's investment objectives, risks, and charges and expenses carefully before investing. Contact VP Distributors LLC at 1-888-383-4184 or visit www.virtusetfs.com to obtain a prospectus which contains this and other information about the Fund. The prospectus should be read carefully before investing.
Virtus ETF Advisers, LLC serves as the investment advisor and Infrastructure Capital Advisors, LLC serves as the subadviser to the Fund.
The Fund is distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.
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Farming First is currently building what will become the largest contiguous outdoor cultivation operation in California.
VENTURA, Calif., Dec. 19, 2022 /PRNewswire/ -- Fifth generation agriculturalist William Terry and entrepreneur Stephen Walden today unveiled a new operation focused on bringing best-in-class farming practices to California sun-grown cannabis. Rooted in verdant Santa Barbara County, Farming First Holdings, LLC (the "Company") has established 134 acres of rolling outdoor cultivation, possessing entitlements for what will become the largest contiguous outdoor cultivation operation in California.
Farming First offers a variety of products and services to the cannabis industry: single-source bulk wholesale flower; white-labeling; co-packaging; and custom farming contracts for specific needs, including dried and cured flower, fresh frozen, and unique phenotypical and cannabinoid specific strains. All of Farming First's cannabis plants are sustainably sun-grown under hoop houses, focusing on rich terpene profiles expressed through the Company's hybrid farming methodology.
"Farming First isn't just our name—it's our mission," said co-founder and CEO Terry. "My family has farmed California's Central Coast region for more than 125 years, giving me immense respect for the land and surrounding community. Along with Walden and the other founders, we've assembled an incredible team that brings together unrivaled cultivation know-how and modern innovation, including agricultural experts, legacy cannabis farmers, lifelong entrepreneurs, and visionary designers and engineers."
Farming First's recently appointed executive leadership team includes:
- William Terry, Co-Founder & Chief Executive Officer: Terry has served on a variety of boards, including as president of the Ventura County Farm Bureau, University of California's Hansen Fund, California Pepper Commission, and others. He also serves as vice president of Terry Farms, a 2,000+ acre specialty crop operation.
- Stephen Walden, Co-Founder & Chief Operations Officer: Prior to co-founding Farming First, Walden founded Bosse Tools, revolutionizing hardware tools with ergonomic design that he patented and later licensed. He also launched a lifestyle cannabis brand in 2018.
- Jered Micheli, Co-Founder and Agricultural Officer: Micheli is a fourth-generation farmer from northern California with over 15 years of experience in the cannabis industry. He previously managed western U.S. agricultural operations for Canopy Growth, and helped shape the regulatory framework for recreational cannabis.
- Scott Wilson, Chief Branding Officer: Wilson is the former Chief Experience Officer at Cresco Labs, responsible for creating the industry-leading MSO's House of Brands. He is the founder and principal designer of the product development, brand strategy and business innovation firm MNML, creating billions of dollars of commercial success for brands including Nike, Nespresso, Theragun, Bang & Olufsen, Google, Meta and Xbox. Wilson received the prestigious Smithsonian Cooper-Hewitt National Design Award, an honor bestowed by the White House on the nation's top designer each year.
- Thomas Salzillo, Chief Finance Officer: A Southern California native with a background in accounting, Salzillo's demonstrable influence and financial prowess in the cannabis industry has been recognized with the designation of 2019 CPA of the Year by the California Cannabis Awards.
- Mario de la Piedra, Vice President of Operations: Born and raised in Ventura County, de la Piedra has been involved in all aspects of agriculture, including farming, political advocacy and most recently, the founding of an agribusiness insurance company. He currently serves as an advisor to Seso, an agtech labor marketplace.
"Farming First is showcasing quality flower through a diversity of strains by applying the best of indoor, greenhouse, and outdoor growing techniques to our crop," said Walden. "We like to call our farm a one-lighter because our plants are 100 percent solar-powered by the sun—the best and most natural source there is."
Added Wilson, "Today's cannabis consumer is curious about where their product comes from: where it's grown, how it's grown, and the stories behind the brands they put in their bodies and bring into their homes. We're providing California operators with flower they can be proud to put their name on, and anticipate launching our own lineup of product brands very soon."
Farming First is on a mission to revolutionize and lead the sun-grown cannabis market in California. With a focus on sustainable growing practices and ethical land management, the Company employs energy-efficient farming practices such as water saving irrigation technology, solar powered hoop house venting and sunlight deprivation, as well as sustainable cattle grazing on over 1,200 acres of surrounding lands. Additionally, Farming First is working with environmental groups to help protect the endangered California Tiger Salamander indigenous to its land.
The Company has raised over $35M in private funding since its inception, with plans to expand the farm's scale and yield.
For more information on Farming First, visit www.farmingfirst.com.
ABOUT FARMING FIRST, LLC.
Founded in 2019, Farming First is an outdoor cannabis cultivator, processor, and distributor in the heart of California's Central Coast focused on bringing best-in-class farming and sustainability practices to the state's cannabis industry. With 134 acres of rolling cultivation, Farming First possesses entitlements for what will become the largest contiguous outdoor cultivation operation in California. The Company offers a plethora of options for the cannabis industry: single-source bulk wholesale cannabis; white-labeling; co-packaging; and custom farming contracts for specific needs, including dried and cured flower, fresh frozen, unique phenotypes, cannabinoid specific strains and more. Harnessing the natural resources of California's Central Coast, Farming First supplies some of the state's leading cannabis brands, in addition to having its own soon-to-launch portfolio of brands. The team includes fourth- and fifth-generation farmers who know the land and are committed to growing high-quality sun-grown cannabis in the most sustainable way possible.
Media Contact:
Hilary Morse
Trailblaze for Farming First
farmingfirst@trailblaze.co
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ATLANTA, Dec. 19, 2022 /PRNewswire/ -- Invesco Mortgage Capital Inc. (the "Company") (NYSE: IVR) today announced that its Board of Directors declared a cash dividend of $0.65 per share of common stock for the fourth quarter of 2022. The dividend will be paid on January 27, 2023 to stockholders of record on January 9, 2023, with an ex-dividend date of January 6, 2023.
Invesco Mortgage Capital Inc. is a real estate investment trust that primarily focuses on investing in, financing and managing mortgage-backed securities and other mortgage-related assets. Invesco Mortgage Capital Inc. is externally managed and advised by Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), a leading independent global investment management firm. Additional information is available at www.invescomortgagecapital.com.
This press release may include statements and information that constitute "forward-looking statements" within the meaning of the U.S. securities laws as defined in the Private Securities Litigation Reform Act of 1995, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looking statements include those related to our intention and ability to pay dividends, as well as any other statements other than statements of historical fact. The words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," or similar expressions and future or conditional verbs such as "will," "may," "could," "should," and "would," and any other statement that necessarily depends on future events, are intended to identify forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact: Matt Seitz, 404-439-3323
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– Deven McGraw to serve a 3-year term beginning in 2023 –
SAN FRANCISCO, Dec. 19, 2022 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, announced the appointment by the U.S. Government Accountability Office (GAO) of Deven McGraw, lead of data stewardship and data sharing at Invitae, to the National Health Information Technology Advisory Committee (HITAC).
Established as part of the 21st Century Cures Act in 2016, HITAC provides recommendations to the National Coordinator for Health Information Technology on policies, standards, implementation specifications, and certification criteria relating to the implementation of a health information technology infrastructure that advances the electronic access, exchange, and use of health information.
"I am honored to be appointed to HITAC to help shape the nation's health information policy, particularly as it relates to increasing access to important patient health data in a way that is ethical and transparent," said McGraw. "Through my participation on HITAC's 2022 Adopted Standards Task Force subcommittee, I've already had the opportunity to advise on the existing set of ONC adopted standards and am looking forward to continuing my work with this impressive group on the full committee. Invitae's mission to increase access to and interoperability of consented patient health information will provide a valuable perspective as we work towards the mission of improving healthcare IT."
McGraw's term will begin on January 1, 2023. McGraw also serves on a subcommittee advising the State of California on its data sharing framework policies and procedures. In her role at Invitae, McGraw is lead for data stewardship and data sharing. She co-founded and was the Chief Regulatory Officer of Ciitizen, a health technology company acquired by Invitae that works to enable patients to collect, manage, and share their medical information. Her previous experience includes serving as the Deputy Director of Health Information Privacy within the U.S. Department of Health and Human Services Office of Civil Rights, as the Acting Chief Privacy Officer for the Office of the National Coordinator for Health IT, and as a partner with Manatt, Phelps & Phillips, LLP. McGraw received her Juris Doctor from Georgetown University Law Center and her Master of Public Health from Johns Hopkins Bloomberg School of Public Health.
For more information on the committee, visit the HITAC website.
About Invitae
Invitae is a leading medical genetics company trusted by millions of patients and their providers to deliver timely genetic information simplified by digital technology. With accurate and actionable answers to strengthen medical decision-making, Invitae gives individuals and their families powerful, personalized insights that could improve and extend their lives. Invitae's genetics experts apply a rigorous approach to data and research, serving as the foundation of their mission: to bring comprehensive genetic information into mainstream medicine to improve healthcare for billions of people.
To learn more, visit invitae.com and follow for updates on Twitter, Instagram, Facebook and LinkedIn @Invitae.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company's mission to increase access to and interoperability of consented patient health information. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: the company's history of losses; the company's ability to compete; the company's failure to manage growth effectively; the company's need to scale its infrastructure in advance of demand for its tests and to increase demand for its tests; the company's ability to use rapidly changing genetic data to interpret test results accurately and consistently; security breaches, loss of data and other disruptions; laws and regulations applicable to the company's business; and the other risks set forth in the company's filings with the Securities and Exchange Commission, including the risks set forth in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements.
Contact:
Renee Kelley
pr@invitae.com
(628) 213-3283
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NEW YORK, Dec. 19, 2022 /PRNewswire/ -- iStar Inc. (NYSE: STAR) announced the initial public filing of a Form 10 registration statement (the "Registration Statement") with the U.S. Securities and Exchange Commission ("SEC"). The Registration Statement relates to the planned spin-off of Star Holdings in connection with the previously announced proposed merger between iStar and Safehold Inc.
The Registration Statement, which was filed on December 16, 2022, includes preliminary information regarding the potential spin-off. A copy of the Registration Statement is available on the SEC's website at www.sec.gov under the name "Star Holdings" and can also be viewed in the "Investors" section of our website at www.istar.com.
The Registration Statement is subject to change prior to it being declared effective by the SEC and may be updated in subsequent amendments.
Completion of the potential spin-off would be subject to various conditions, and there can be no assurance that the potential spin-off transaction will be completed in the manner described above, or at all.
* * *
iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties. As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market. Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades. Additional information on iStar is available on its website at www.istar.com.
Forward-Looking Statements
Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these statements by using words like "future," "anticipate," "intend," "plan," "estimate," "believe," "expect," "project," "forecast," "could," "would," "should," "will," "may," and similar expressions of future intent or the negative of such terms. These statements are subject to a number of risks and uncertainties that could cause results to differ materially from those anticipated as of the date of this release. Actual results may differ materially as a result of (1) the ability to consummate the announced transactions on the expected terms and within the anticipated time periods, or at all, which is dependent on the parties' ability to satisfy certain closing conditions, including the approval of SAFE's and STAR's stockholders, completion of the Spin-Off, sales of assets and other factors; (2) any delay or inability of the combined company and/or Star Holdings to realize the expected benefits of the transactions; (3) changes in tax laws, regulations, rates, policies or interpretations; (4) the value of the combined company shares to be issued in the transaction; (5) the value of Star Holding's shares and liquidity in Star Holding's shares; (6) the risk of unexpected significant transaction costs and/or unknown liabilities; (7) potential litigation relating to the proposed transactions; (8) the impact of actions taken by significant stockholders; (9) the potential disruption to STAR's or SAFE's respective businesses of diverted management attention, and the unanticipated loss of key members of senior management or other employees, in each case as a result of the announced transactions; and (10) general economic and business conditions that could affect the combined company and Star Holdings following the transactions. Risks that could cause actual risks to differ from those anticipated as of the date hereof include those discussed herein, those set forth in the securities filings of STAR, including its most recently filed Annual Report on Form 10-K, and those set forth in the securities filings of SAFE, including its most recently filed Annual Report on Form 10-K.
Additional Information and Where You Can Find It
In connection with the proposed transactions, STAR filed with the SEC a registration statement on Form S-4, which includes a joint proxy statement of STAR and SAFE and will constitute a prospectus for the shares of STAR Common Stock being issued to SAFE's stockholders in the proposed Merger. In addition, Star Holdings filed with the SEC a Form 10 registration statement that will register its common shares. STAR, SAFE and Star Holdings also may file other documents with the SEC regarding the proposed transactions. This document is not a substitute all for the joint proxy statement/prospectus or Form 10 registration statement or any other document which STAR, SAFE and Star Holdings may file with the SEC. INVESTORS AND SECURITY HOLDERS OF STAR AND SAFE, AS APPLICABLE, ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS, THE FORM 10 REGISTRATION STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and security holders may obtain free copies of the joint proxy statement/prospectus and the Form 10 registration statement and other documents filed with the SEC by STAR, SAFE and Star Holdings through the web site maintained by the SEC at www.sec.gov or by contacting the investor relations departments of STAR or SAFE at the following:
iStar, Inc.
1114 Avenue of the Americas
39th Floor
New York, NY 10036
Attention: Investor Relations
Safehold, Inc.
1114 Avenue of the Americas
39th Floor
New York, NY 10036
Attention: Investor Relations
This document is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This document is not a substitute for the prospectus or any other document that STAR, SAFE or Star Holdings may file with the SEC in connection with the proposed transactions. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Participants in the Solicitation
STAR, SAFE and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions. Information regarding STAR's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in STAR's definitive proxy statement for its 2022 annual meeting, which is on file with the SEC. Information regarding SAFE's directors and executive officers, including a description of their direct interests, by security holdings or otherwise, is contained in SAFE's definitive proxy statement for its 2022 annual meeting, which is filed with the SEC. A more complete description is included in the registration statement on Form S-4, the joint proxy statement/prospectus and the Form 10 registration statement.
Each of STAR and SAFE also cautions the reader that undue reliance should not be placed on any forward-looking statements, which speak only as of the date of this release. Neither STAR nor SAFE undertakes any duty or responsibility to update any of these forward-looking statements to reflect events or circumstances after the date of this report or to reflect actual outcomes.
Company Contact:
Jason Fooks
Senior Vice President
Investor Relations & Marketing
T 212.930.9400
E investors@istar.com
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The state-of-the-art building at 3201 Cuthbert Street will be the largest life sciences research and lab facility in the city
PHILADELPHIA, Dec. 19, 2022 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged a $290 million construction loan that will allow project partners Gattuso Development Partners and Vigilant Holdings of New York to build a state-of-the-art research facility at 3201 Cuthbert Street, an 11-story life sciences development in the heart of Philadelphia's University City submarket.
Working on behalf of Gattuso and Vigilant, JLL secured the loan through Corebridge Financial, as well as an additional equity commitment through The Baupost Group.
Designed by world-renowned architect Robert A.M. Stern Architects, the LEED® Gold-certified building will be the largest life sciences research and lab facility in the city – featuring 519,647 square feet of wet lab / dry space, 11,908 square feet of street-level retail space and 137 underground parking stalls. Critical lab infrastructure will include lab-friendly column spacing, expanded floor-to-floor heights, an HVAC system designed specifically for lab research, best practice chemical storage space and ph neutralization capability, six enclosed loading docks and generous space for tenant equipment and vertical shaft infrastructure. SmartLabs and Drexel University have pre-leased 45% of the lab space. This will mark SmartLab's seventh location and first commitment to a market outside of San Francisco or Boston, demonstrating the strength of the Philadelphia life sciences market, which was ranked fifth in the nation in JLL's 2022 Life Sciences Lab Real Estate Outlook.
3201 Cuthbert St. benefits from its location on Drexel University's campus in University City, which is the epicenter of Philadelphia's life sciences market and a global hub for gene and cell therapy, a growing segment of the sector. University City spans 2.4 square miles and is home to one of the largest concentrations of health systems, teaching institutions, life sciences, biotech and pharmaceutical companies in the world.
"We appreciate the chance to work with the great team at JLL to complete the capital stack for this important project," said John Gattuso, Gattuso's President and co-founder. "We believe the project validates Philadelphia's emergence as a global hub for life sciences research, and we are excited to begin construction."
JLL's Capital Markets Debt and Equity Advisory teams were led by Senior Managing Directors Ryan Ade, Brett Segal and Christopher Peck.
"University City stands within the top tier of national life sciences markets, and similar to other premier markets, is experiencing a shortage of supply caused by high barriers to development," Ade and Segal said. "3201 Cuthbert has already been well-received by the market with 45% of the space already leased. Given the appeal of the market, the preeminence of the planned development and the immediate access to research institutions at Drexel and The University of Pennsylvania, we expect interest in the project to attract best-in-class tenancy."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos, and research resources on JLL, please visit our newsroom.
About Gattuso Development Partners
Gattuso Development Partners is a developer of exceptional, sustainable high-performance workplaces. Gattuso recognizes that the right work environment is the most critical asset a business can offer to attract, retain and inspire its employees and promote long term success. For more information, please visit: gattusodevelopmentpartners.com.
About Vigilant Holdings
Vigilant Holdings was founded in 2020 to acquire strategic and diversified assets across the United States with a specific focus on life sciences developments. The platform leverages nearly 70 years of combined real estate experience and relationships to capitalize transactions of varying sizes and risk profiles. Led and co-founded by David Fowler and based in New York, Vigilant currently owns over 1 million square feet of life sciences developments on both the east and west coasts.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll
https://twitter.com/jll
https://www.instagram.com/jll
Contact: Kristen Murphy, JLL Director, Public Relations
Phone: +1 617 543 4873
Email: Kristen.Murphy@jll.com
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CHICAGO, Dec. 19, 2022 /PRNewswire/ -- A racial discrimination lawsuit has been filed against Zep Inc., a leading industrial and consumer cleaning products company, by one of its Chicago-based employees. The female employee, who is Black alleges the following:
- In November 2021, during a virtual training session, Zep's Vice President of Sales and Service said something to the effect of, "This may offend some people but...." and then repeatedly used a known racial slur, as he described Black workers in the South. The plaintiff was the only Black person in the virtual room.
- The slur was repeated in the presence of at least a dozen other employees, yet nobody voiced an objection.
- The plaintiff immediately complained to multiple people within the company including to HR.
- Zep's Executive Vice President and Chief Administrative Officer told the plaintiff that the VP of Sales did not know the word was a known racial slur.
- When the plaintiff pushed back, the Executive VP told her that since she "couldn't get over it," he would help her "transition from Zep," despite the plaintiff stating that she liked her job but that she did not feel safe.
- Then in January 2022, in an attempt to silently push her out of her job, the Executive VP handed the plaintiff a "Separation Agreement and Release of Claims," offering her 12-weeks' compensation, disguised as wages, in exchange for her confidentiality and departure from the company. She refused to leave.
- In response, Zep continued to retaliate against her by assigning her more dead accounts.
- The plaintiff is a virtual account representative for Zep, a manufacturer of cleaning products to businesses and retailers, including but not limited to Home Depot, Lowe's, Walmart, and Ace Hardware, along with manufacturing giants like Siemens.
The plaintiff is represented by Tamara Holder, who focuses her law practice on employment discrimination, sexual abuse/harassment, and institutional abuse. Holder is a nationally recognized voice on workplace equality and worked as a progressive legal analyst and host on Fox News Channel for nearly a decade. The Law Firm of Tamara N. Holder, LLC, is a boutique practice founded in 2005 by Chicago. For more information, visit tamaraholder.com.
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NEWARK, Calif., Dec. 19, 2022 /PRNewswire/ -- Lucid Group, Inc. (Nasdaq: LCID; "Lucid") announced today that it has completed its previously announced "at-the-market" equity offering program.
Through the program, Lucid sold more than 56.2 million shares of its common stock for gross proceeds of approximately $600 million.
The successful capital raise of approximately $1.515 billion, which includes approximately $915 million that Lucid expects to raise through the private placement of approximately 85.7 million shares to an affiliate of the Public Investment Fund ("PIF"), Ayar Third Investment Company ("Ayar"), pending settlement in December 2022, will be used, as previously disclosed, for general corporate purposes, which may include, among other things, capital expenditures and working capital. As previously disclosed, the price that Ayar is paying in the private placement equals the volume-weighted average price achieved in the "at-the-market" offering. This private placement is not a part of the "at-the-market" offering and is in addition thereto. Subject to certain exceptions, Ayar has agreed not to, among other things, offer, sell, pledge or otherwise transfer any shares of our common stock for six months after the date of the private placement.
Lucid expects that the additional capital raised will further strengthen its balance sheet and liquidity position.
This press release does not constitute an offer to sell or the solicitation of an offer to buy shares of Lucid's common stock, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Lucid Group
Lucid's mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company's first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. The Lucid Air Grand Touring features an official EPA estimated 516 miles of range or 1,050 horsepower. Deliveries of Lucid Air, which is produced at Lucid's factory in Casa Grande, Arizona, are currently underway to U.S. and Canadian customers.
Investor Relations Contact
investor@lucidmotors.com
Media Contact
media@lucidmotors.com
Trademarks
This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.
Forward-Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to timing and volume of sales to Lucid's majority stockholder and the promise of Lucid's technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid's management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading "Risk Factors" in Part II, Item 1A of Lucid's Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, as well as other documents Lucid has filed or will file with the SEC. If any of these risks materialize or Lucid's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid's expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid's assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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Application Deadline is Feb. 24, 2023
OAKLAND, Calif., Dec. 19, 2022 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) announced today that scholarship applications are now being accepted for college-bound high schoolers as well as current college and continuing education students with a primary residence in Northern and Central California.
More than 150 awards totaling more than $200,000 are being made available through scholarships created by PG&E's 11 employee resource groups (ERG) and two engineering network groups (ENG). These groups support and advance diversity, equity, inclusion and belonging within PG&E and the hometowns it serves.
These scholarships are awarded annually to help offset the cost of higher education. ERG and ENG scholarship winners will receive awards ranging from $500 to $6,000 for exemplary scholastic achievement and community leadership.
PG&E ERG and ENG scholarship information, including criteria and applications, is available on PG&E's website. To be considered for a scholarship, all applications must be submitted by Feb. 24, 2023.
"Many recipients of our ERG and ENG scholarships are the first in their families to attend college. These awards help develop our future leaders and breakthrough thinkers and are part of how we're living our purpose at PG&E—delivering for our hometowns, serving our planet, and leading with love," said Marie Waugh, PG&E Vice President, Chief Talent, Culture and Inclusion Officer.
"I do not have enough words to express my gratitude for the award, especially as a first-generation college student. I'm excited to see where my future education and experiences will take me. I couldn't be more thankful for your kindness in supporting my future," said Alexis Renihan, a 2022 Women's Network ERG scholarship recipient, who's majoring in dietetics at Point Loma Nazarene University.
Since 1989, PG&E's ERGs and ENGs have awarded more than $5 million in scholarships to thousands of recipients. The funds are raised totally through employee donations, employee fundraising events and Campaign for the Community, the company's employee giving program.
More than 10,000 PG&E coworkers belong to ERGs and ENGs. Each group helps further the company's commitment to serving its hometowns and growing coworker engagement.
PG&E's ERG and ENG scholarships are available through these 13 groups:
- Access Network (individuals with disabilities)
- Asian
- Black
- Latino
- Legacy (tenured coworkers)
- MEENA (Middle East, Europe, and North Africa)
- National Society of Black Engineers (STEM career coworkers)
- NuEnergy (newer coworkers)
- PrideNetwork (LGBTQ+ coworkers)
- Samahan (Filipino)
- Society for Hispanic Professional Engineers (STEM career coworkers)
- Veterans
- Women's Network
In addition to the PG&E scholarships, the Pacific Service Employees Association (PSEA), a nonprofit mutual benefit organization serving PG&E coworkers and retirees, also provides scholarships for dependents of company coworkers.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.
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MERRILLVILLE, Ind., Dec. 19, 2022 /PRNewswire/ -- NiSource was named to the Dow Jones Sustainability Index (DJSI) - North America for the ninth consecutive year, in recognition of the company's leadership in sustainable business practices.
NiSource is one of only seven U.S. utility companies on the 2022 list and ranked in the 93rd percentile of DJSI North America. The index is made up of sustainability leaders identified through a rigorous assessment of their environmental, social and governance (ESG) performance.
"Year after year, NiSource continues to take action and demonstrate that we are committed to achieving our ESG aspirations," Lloyd Yates, President & CEO of NiSource. "Earlier this year, NiSource took that a step further to drive clearer accountability and transparency by creating a Chief Sustainability Officer role and appointing Dan Creekmur to the role. Dan is focused on prioritizing our commitment to a sustainable energy future not only for our customers but for our stakeholders and employees."
Recently, NiSource executives announced an extension to its long-term growth plan and a 2040 net zero goal that puts it among top industry leaders. Learn more here by clicking here.
Background on NiSource's Sustainability Progress
Environmental:
- Approximately $3B of renewable energy generation transition investments are anticipated through 2028
- Planned retirement of 100% of remaining coal assets by 2026-2028 and replace with a balanced mix of low- or zero-emission electric generation*
- On track to 90% reduction in Scope 1 greenhouse gas emissions by 2030**
- 50% reduction in methane emissions from mains and services by 2025***
- Net zero emissions goal by 2040 for Scope 1 and 2 emissions. Achieving this goal will require supportive regulatory and legislative policies, favorable stakeholder environments and the advancement of technologies that are not currently economical to deploy.
Social:
- Transformation focused on customer safety, reliability and affordability
- Published inaugural safety report
- Enhancing DE&I initiatives across the organization
- Supporting cultural awareness initiatives and development opportunities for under-represented groups
Governance:
- Leadership enhancements support commitment to customer service and safety
- Diverse, skilled, and independent Board
- 25% of Board refreshed in last year, including two new female directors and additional utility experience
- Robust framework for strategy, risk management, and oversight
- Enhanced alignment of employee and executive incentive programs
- Cybersecurity and Climate subcommittees report to Risk Management Committee
*NiSource subsidiary NIPSCO, has sold in the past, and in the future may sell, the Renewable Energy Credits from its electric generating facilities to a third party because this helps lower energy costs for our customers.
**Compared to 20__ GHG emissions.
***Compared to 20__ methane emissions from mains and services.
About NiSource
NiSource Inc. (NYSE: NI) is one of the largest fully-regulated utility companies in the United States, serving approximately 3.2 million natural gas customers and 500,000 electric customers across six states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource's approximately 7,500 employees are focused on safely delivering reliable and affordable energy to our customers and communities we serve. NiSource is a member of the Dow Jones Sustainability - North America Index. Additional information about NiSource, its investments in modern infrastructure and systems, its commitments and its local brands can be found at www.nisource.com. Follow us at www.facebook.com/nisource, www.linkedin.com/company/nisource or www.twitter.com/nisourceinc. The content of these websites is not incorporated by reference into this document or any other report or document NiSource files with the SEC. NI-F
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DENVER, Dec. 19, 2022 /PRNewswire/ -- The Board of Trustees (the "Board") of Principal Real Estate Income Fund (the "Fund"), announced today that it has approved a renewal of the Fund's share repurchase program. Under the share repurchase program, the Fund may purchase up to approximately 3.5% of its outstanding common shares beginning January 21, 2023, in the open market, until January 21, 2024. As part of its evaluation of options to enhance shareholder value, the Board has authorized ALPS Advisors, Inc. (the "Advisor") to repurchase the Fund's common shares at such times and in such amounts as the Advisor reasonably believes may enhance shareholder value.
The Board and the Advisor continually analyze options to enhance shareholder value and potentially reduce the discount between the market price of the Fund's common share and the net asset value per share ("NAV"). The Board and the Advisor believe that the share repurchase program may further these goals because the program allows the Fund to acquire its shares in the open market at a discount to NAV, which will increase the NAV and thereby benefit remaining shareholders while potentially providing additional liquidity in the trading of the fund shares. The Board will monitor the repurchase program and will continue to consider strategic options to enhance shareholder value in the long-term.
The Fund's repurchase program will be implemented on a discretionary basis under the direction of the Advisor. There is no assurance that the Fund will purchase shares at any specific discount level or in any specific amount or that the market price of the Fund's shares will increase as a result of any share repurchases.
RISKS
An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle.
Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., "junk bonds"). The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares.
Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions.
The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing.
Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices.
NOT FDIC INSURED | May Lose Value | No Bank Guarantee
The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value.
ALPS Advisors, Inc. is the investment adviser to the Fund.
Principal Real Estate Investors LLC is the investment sub-adviser to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates.
ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm.
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. For more information, visit www.ssctech.com.
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $18.36 billion in assets under management as of September 30, 2022, the firm is an open architecture boutique investment manager offering portfolio building blocks, active insight, and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit www.alpsfunds.com.
Principal Real Estate Investors manages or sub-advises $98.5 billion in commercial real estate assets, as of September 30, 2022. The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
PRE000361 12/19/2023
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ST. LOUIS, Dec. 19, 2022 /PRNewswire/ -- Rapid Fire Safety & Security ("Rapid Fire"), a new multi-regional "Buy & Build" strategy in the fire safety and security industries launched by founders Mike McLeod and Colin Harrold in partnership with Concentric Equity Partners ("CEP"), announced the hiring of industry veteran Brian Modglin as Chief Operating Officer. Brian brings decades of experience in fire and life safety and a track record of success building and growing field operations, sales, and system design and installation teams.
Brian joins Rapid Fire after spending more than 25 years at Interface Systems, a managed services provider offering physical security, network, and business intelligence solutions to commercial customers. Brian began with Interface as a regional branch manager and quickly worked his way to the Vice President of the Midwest Region, responsible for all branch operations across Illinois and Indiana. More recently, Brian became the Executive Vice President of Field Operations at Interface in 2018 and has served the last five years as Interface's senior field operations leader. Brian worked alongside Rapid Fire CEO Mike McLeod for 18 years and brings a demonstrated history of leadership and knowledge to the Rapid Fire platform.
Brian's experience includes a myriad of successful enterprise level fire and security system implementations, the management and development of key relationships with Fortune 500 customers, and the leadership of multi-region branch networks, field technicians, and sales professionals. Brian has developed a substantial technical knowledge of fire and life safety systems during his career and has a strong knowledge base across fire alarm, intrusion, CCTV, and managed network technology.
"I have had the great pleasure of working with Brian for 18 years building a people-focused company" said Rapid Fire CEO Mike McLeod, "we are very fortunate to have Brian join our leadership team at the early stages of our exciting new journey". Colin Harrold, Co-Founder at Rapid Fire, said "The addition of Brian to the Rapid Fire executive team brings so many great things to our organization. I've had the pleasure of working side by side with Brian for 14 years, where over and above his respected industry skills & experience, he also brings with him, a genuine ' people caring' approach to leadership".
"Brian's senior operational, technical, and leadership expertise developed over decades of success in the field will be invaluable to growing and building the Rapid Fire platform" adds Adam Lucas of Concentric Equity Partners. "The ultimate success of Rapid Fire will be driven by the quality and capabilities of our senior leadership team, and Brian represents a key leader to help build into our next stage of growth".
Rapid Fire Safety & Security is a multi-regional fire safety and security provider that offers the commercial sector comprehensive expertise in life safety and security services. Our mission is to build relationships for life by anticipating ever-changing needs and exceeding the highest expectations. We are committed to delivering an excellent experience by putting people first and fostering teamwork and personal growth. When we excel in taking care of our team members, they excel in taking care of our customers.
For more information on Rapid Fire, visit www.rapidfiress.com.
Concentric Equity Partners is a private investment firm that partners with leading middle market companies by providing capital and strategic advisory to accelerate long term value creation. Concentric's approach is simple: support entrepreneurs and operators by providing the resources required to achieve extraordinary results. The firm's investment team is made up of individuals with distinguished track records as operators and professional investors across a variety of growth oriented middle market companies.
Concentric Equity Partners is the direct investing arm of Financial Investments Corporation, a private asset management firm and family office with over $2 billion in investment commitments under management. Financial Investments Corporation was founded in 1994 by father and daughter Harrison and Jennifer Steans and has been partnering with private companies for more than 25 years.
For more information on Concentric, visit www.ficcep.com.
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New real estate training program is now available to RE/MAX affiliates outside the U.S. and Canada
DENVER, Dec. 19, 2022 /PRNewswire/ -- RE/MAX, LLC announced today an exclusive pilot partnership with business-building specialist Buffini & Company, offering an expanded version of the 100 Days to Greatness training program to RE/MAX affiliates in Brazil. As part of this pilot program, the course has been translated into Portuguese for network members in Brazil.
The 14-week program was developed by real estate leader Brian Buffini and has been recently expanded to primarily help new and incoming agents build long-term success as well as provide existing agents with resources to revitalize their businesses. According to Buffini & Company, more than 66,000 real estate agents across various brands and brokerages have enrolled in 100 Days to Greatness and agents who have completed the new version of the course average seven transactions and earn $75,500 in income in the United States.
"According to the National Association of REALTORS®, an overwhelming majority of new real estate agents don't have their license after just five years, so as a business designed to help build businesses, we wanted to expand access to this one-of-a-kind training course so RE/MAX agents around the world can continue to excel and have the greatest chances for long-term success," said Shawna Gilbert, Senior Vice President of Global Development. "RE/MAX Brazil is one of the largest regions in the RE/MAX network, so we're excited to see the impact of this program there as we consider expanding access to this exclusive partnership."
The course includes 21 modules of video training filled with strategies, tactics and action steps to help agents build a strong business. RE/MAX affiliates in Brazil will also have access to Buffini & Company's Online Resource Center packed with dialogues, real-world role plays, support videos and other helpful resources.
"We're thrilled to launch this pilot program with RE/MAX and their network of highly productive agents," said Buffini & Company's Founder and Chairman, Brian Buffini. "The more places this program reaches, the more people we impact, whether it be from the point of view of the entrepreneur, or homebuyer or seller benefiting from the agent's services."
Buffini's training and events have been accessed by millions of people worldwide. RE/MAX of Southern Africa, recent repeat winners of the International Mentors of the Year award presented by Buffini & Company, was the first region outside North America to offer the original course to its associates in 2008. Since then, over 3,000 agents within the region have completed the training. RE/MAX of Argentina was also previously awarded the International Mentor of the Year award and the region has been offering Buffini's training since 2016.
"It's a foundational truth that excellence and knowledge go hand in hand with results," said Peixoto Accyoli, Chief Executive Officer, RE/MAX Brazil. "This partnership is of great strategic importance to us, and we're excited to be able to offer RE/MAX agents in Brazil this unique opportunity. This is, undoubtedly, another visionary initiative from our parent company that deserves our applause."
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.
Buffini & Company is the largest coaching and training company in North America. Founded by real estate legend and master motivator Brian Buffini, the company provides a unique and highly-effective lead generation system. Buffini & Company's comprehensive business coaching, training programs and cutting-edge content have helped more than 3 million professionals in 41 countries improve their business, increase net profit and enhance their quality of life. To learn more about Buffini & Company, visit buffiniandcompany.com.
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SAN DIEGO, Dec. 19, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) is the highest-ranked utility on the Wall Street Journal's Management Top 250 ranking for 2022. The Management Top 250 is one of the most prestigious ranking efforts dedicated to measuring corporate effectiveness. This is the fourth time the company has been named to the Management Top 250, and the second consecutive year it has been ranked highest among industry peers in its category.
"This distinction reflects the concerted efforts of our 20,000 employees, who are unified by our mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "By continuing to invest in a high-performing culture and sustainable business practices, we expect to capture new opportunities and continue delivering long-term value for our shareholders and other stakeholders."
The Wall Street Journal assembled its rankings with the help of the Drucker Institute, a think tank based at Claremont Graduate University's Drucker School of Management. Their mathematical model, which includes a total of 34 metrics, serves as the basis for the Management Top 250. This year, more than 900 companies were graded in five categories: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength.
Sempra's three growth platforms – Sempra California, Sempra Texas and Sempra Infrastructure – are strategically positioned to serve the growing needs of consumers in key markets in North America and around the world while staying at the forefront of innovation and integrating cleaner forms of energy. The company's value proposition comes to life through its commitment to sustainable business practices across the Sempra family of companies. With an unwavering focus on safety, resilience, energy security and climate security, the Sempra family of companies is working to deliver lower and zero-carbon energy and provide sustainable, long-term value for the company's shareholders and other stakeholders.
Earlier this year, the company released its 14th Corporate Sustainability Report, sharing progress on goals in four key areas: enabling the energy transition, driving resilient operations, achieving world-class safety and championing people.
About Sempra
Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have 20,000 talented employees who deliver energy with purpose to nearly 40 million consumers. With more than $72 billion in total assets at the end of 2021, the San Diego-based company is the owner of one of the largest energy networks in North America helping some of the world's leading economies move to cleaner sources of energy. The company is helping to advance the global energy transition through electrification and decarbonization in the markets it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture focused on safety, workforce development and training, and diversity and inclusion. Sempra was named the top-ranked utility in the U.S. for environmental, social and governance scores and financial performance by Investor's Business Daily and has been included on the Dow Jones Sustainability North America Index for 12 consecutive years. Sempra was also named one of the "World's Most Admired Companies" for 2022 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at sempra.com and on Twitter @Sempra.
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Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Silvergate To Contact Him Directly To Discuss Their Options
NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Silvergate Capital Corporation ("Silvergate" or the "Company") (NYSE: SI) and reminds investors of the February 6, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
If you suffered losses exceeding $100,000 investing in Silvergate stock or options between November 9, 2021 and November 17, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/SI.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company's platform lacked sufficient controls and procedures to detect instances of money laundering; (2) that Silvergate's customers had engaged in money laundering in amounts exceeding $425 million; (3) that, as a result of the foregoing, the Company was reasonably likely to receive regulatory scrutiny and face damages, including penalties and reputational harm; and (4) that, as a result of the foregoing, Defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On November 15, 2022, Marcus Aurelius Research tweeted that "Recently subpoenaed Silvergate bank records reveal $425 million in transfers from $SI crypto bank accounts to South American money launderers. Affidavit from investigation into crypto crime ring linked to smugglers/drug traffickers."
On this news, the Company's Class A common stock price fell $6.13, or 17%, to close at $29.36 per share on November 15, 2022, on unusually heavy trading volume.
On November 17, 2022, The Bear Cave newsletter released an article about several companies with potential exposure to recently collapsed cryptocurrency exchange FTX, including Silvergate. The article highlighted the connection linking Silvergate to a money laundering operation that transferred $425 million off cryptocurrency trading platforms.
On this news, the Company's Class A common stock price fell $3.00, or 10.7%, to close at $24.90 per share on November 18, 2022, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Silvergate's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
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HONG KONG and GERMANTOWN, Md., Dec. 19, 2022 /PRNewswire/ -- Sirnaomics Ltd. (Stock Code: 2257 HK) and its affiliates and subsidiaries (collectively, "Sirnaomics"), a leading biopharmaceutical company in discovery and development of RNAi therapeutics, celebrated Sirnaomics' 15th anniversary of RNAi therapeutic innovation globally, along with the grand opening of the new headquarters and laboratories for its US subsidiary in Germantown, Maryland, on Dec. 15, 2022.
Sirnaomics USA's new facility is the site of the Company's U.S. headquarters and pre-clinical R&D center, and its recently incubated subsidiary RNAimmune, Inc., which specializes in the development of mRNA vaccine for infectious diseases. The new 50,375 square foot facility in the Seneca Meadows Corporate Center offers Sirnaomics USA ample space for current staff as well as for future expansion.
Sirnaomics USA celebration included participation by state and county representatives. Carla Meritt of Maryland Department of Commerce, Montgomery County Executive Marc Elrich and other representatives delivered congratulatory remarks and certificates to Sirnaomics.
Since 2007, Sirnaomics has been discovering and developing innovative drugs for indications with significant unmet medical needs in areas such as cancers, fibrosis diseases, viral infection, liver-metabolic diseases, and medical aesthetics. Sirnaomics is the first biopharmaceutical company to achieve positive Phase IIa clinical outcomes in oncology clinical-stage RNA therapeutics.
With nearly 200 staffers world-wide, including 80 in the U.S., Sirnaomics has established a significant presence, developing its own proprietary and novel delivery platforms. Backed by renowned institutional investors and industry players, Sirnaomics has raised close to US $340 million since its inception, and successfully listed an IPO in Hong Kong (2257.HK) in December 2021.
Sirnaomics is an RNA therapeutics biopharmaceutical company with product candidates in preclinical and clinical stages that focuses on the discovery and development of innovative drugs for indications with medical needs and large market opportunities. Sirnaomics is the first clinical-stage RNA therapeutics company to have a strong presence in both China and the United States, and also the first company to achieve positive Phase IIa clinical outcomes in oncology for an RNAi therapeutics for its core product, STP705. Learn more at www.sirnaomics.com.
Media contact: info@sirnaomics.com
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Mine Super outsources administration to SS&C
WINDSOR, Conn., Dec. 19, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it had secured the Mine Superannuation Fund (Mine Super), which manages AUD 12 billion of funds on behalf of 55,000 members, as its first client to deliver superannuation administration services in Australia.
SS&C is the world's largest fund administrator and leading outsourcing provider. The agreement with Mine Super establishes the foundation for SS&C's new superannuation administration business for the APAC region. Mine Super brings a wealth of experience in superannuation administration to SS&C and will be central to SS&C expanding its superannuation offering in Australia.
SS&C's Head of Global Investor and Distribution Solutions, Nick Wright, said SS&C is pleased to work with Mine Super. "This agreement represents an alignment of strategies, allowing Mine Super to continue focusing on member-first outcomes through SS&C's modern, differentiated administration offering. The teams transferring to SS&C are pivotal to providing exceptional service for Mine Super's members and key to the growth of our BPO offering in Australia," he said.
Mine Super Chair Christina Langby said, "We are excited to be working with SS&C to provide our members with access to leading technology capabilities, which will allow us to deliver superior member outcomes. We look forward to working with SS&C to provide best in class member experiences."
Chief Executive Officer of Mine Super Vasyl Nair said, "Having worked with the SS&C team for a number of years, it became clear that their global expertise in BPO could be leveraged onshore. We're proud to externalise our administration to such a large and well-established business that will continue to enable Mine Super to deliver better value and service to our members."
Mine Super members will benefit from SS&C's continued investments in intelligent automation and digital technologies. The solution will deliver superior digital experiences for members, driving greater member engagement and stronger retirement outcomes.
Established in 1941, Mine Super is a 'superannuation' pension fund dedicated to serving the retirement needs of its members. Mine Super employs over 180 staff and manages approximately AUD 12 billion in funds for over 55,000 members.
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
Australia's superannuation industry has relied on SS&C's technology for more than 30 years to support funds under management approaching AUD $2.1 trillion per annum.
SOURCE: SS&C
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
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THE WOODLANDS, Texas, Dec. 19, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced updates on some of the Company's strategic initiatives.
TETRA announced that Hargrove has completed the Front-End Engineering Design ("FEED") scope of work for the development and construction of a bromine production facility from TETRA's brine leases in Arkansas. Hargrove's FEED study provided an estimated total required capital investment, within a relevant range, over an estimated 24 month-period to construct the facility; optimized process flow, and identified long lead items. In addition, also provided was an evaluation of the required capital and engineering design to maximize the project's long-term profitability and the actions necessary to reduce execution risk to support the advancement of the project towards becoming a robust bromine-producing plant. As announced previously, TETRA's brine leases are estimated to contain inferred resources of 5.25 million tons of bromine and 234,000 tons lithium carbonate equivalent (LCE). Hargrove's FEED study is part of TETRA's ongoing evaluation and initial assessment of its Arkansas brine leases, which is part of an effort by TETRA to develop bromine production to meet an existing and growing completion fluids market as well as TETRA's high purity zinc bromide electrolyte (TETRA PureFlow®) to support the projected high growth market of energy storage. During the fourth quarter, TETRA received an order for TETRA PureFlow® from a second zinc-based energy storage battery provider.
In parallel to the Hargrove FEED scope of work, Lonquist & Company LLC ("Lonquist") are in the process of completing a detailed geological, reservoir and production simulation study to ensure the optimal locations for the production and injection wells to ensure the best long-term producibility and recovery of the bromine and lithium from TETRA's approximately 5,000 acres where TETRA holds the bromine and lithium mineral rights not subject to the option agreement with Standard Lithium. The reservoir modeling and well placements design are also important to support the production volumes that the Company will include in a forthcoming economic analysis. The final Lonquist report is currently targeted for completion in January 2023, after which the Company will finalize and make available an initial economic assessment.
During the fourth quarter, TETRA successfully completed its first UK based CS Neptune® project. With this project, TETRA has now completed CS Neptune jobs with 100% success rates in the Gulf of Mexico, Norway and the UK. The European projects are smaller in size to those previously completed in the Gulf of Mexico but demonstrate the successful application of this zinc-free environmentally-friendly completion fluid. TETRA also completed an acquisition of a completion fluids business in the U.K. and is in the final stages of completing an additional acquisition to expand its deepwater position in the Gulf of Mexico. Although smaller in size, both acquisitions will immediately grow TETRA's market position and growth capacity in both key offshore markets.
Also in the fourth quarter, TETRA has obtained exceptional preliminary results from its first desalination of produced water for beneficial re-use pilot project in Texas for a major oil & gas producer. TETRA has partnered with this major U.S. shale producer for its first pilot using TETRA's proprietary pre-treatment process combined with osmotically assisted reverse osmosis technology where TETRA has an exclusive agreement for oil and gas applications. The results have yielded as high as 92% de-salinated water from the produced water with total dissolved solids ("TDS") levels ranging from 200 ppm (parts per million) to 40 ppm. For comparison, the typical average municipal tap water contains between 300 ppm to 400 ppm. The trial was recently completed and the equipment field and operational learnings will be used for a final commercial plant design.
TETRA"S CEO Brady Murphy stated, "I am pleased with the progress we have made this year by strengthening our position in key markets for an expected multi-year offshore upcycle while making significant R&D and engineering progress for lithium extraction and bromine production from our Arkansas Smackover brine leases. With the recent and increasing seismicity events in West Texas and New Mexico, there is increasing urgency for desalinating oil and gas produced water for the purpose of beneficial reuse. We are excited with our advances in each of these areas and the business opportunities they present for the company."
TETRA Technologies, Inc. is an energy services and solutions company operating on six continents with a focus on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback, and production well testing services. Calcium chloride is used in the oil and gas, industrial, agricultural, road, food, and beverage markets. TETRA is evolving its business model by expanding into the low carbon energy markets with its chemistry expertise, key mineral acreage, and global infrastructure. Low carbon energy initiatives include commercialization of TETRA PureFlow®, an ultra-pure zinc bromide clear brine fluid for stationary batteries and energy storage; advancing an innovative carbon capture utilization and storage technology with CarbonFree to capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals; and development of TETRA's lithium and bromine mineral acreage to meet the growing demand for oil and gas products and energy storage. Visit the Company's website at www.tetratec.com for more information.
This news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements concerning economic and operating conditions that are outside of our control, including statements concerning recovery of the oil and gas industry; customer delays for international completion fluids related to global shipping and logistics issues; potential revenue associated with prospective energy storage projects or our pending carbon capture partnership; inferred mineral resources of lithium and bromine, the potential extraction of lithium and bromine from the leased acreage, the economic viability thereof, the demand for such resources, and the timing and costs of such activities; the ability to obtain an initial economic assessment regarding our lithium and bromine acreage; the construction of bromine production facility; projections concerning the Company's business activities, financial guidance, profitability, estimated earnings, earnings per share, and statements regarding the Company's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. With respect to the Company's disclosures of inferred mineral resources, including bromine and lithium carbonate equivalent concentrations, it is uncertain if further exploration will ever result in the estimation of a higher category of mineral resource or a mineral reserve. Inferred mineral resources are considered to have the lowest level of geological confidence of all mineral resources. Investors are cautioned that mineral resources do not have demonstrated economic value. Inferred mineral resources have a high degree of uncertainty as to their existence and to whether they can be economically or legally commercialized. A significant amount of exploration must be completed in order to determine whether an inferred mineral resource may be upgraded to a higher category. Therefore, you are cautioned not to assume that all or any part of an inferred mineral resource exists, that it can be economically or legally commercialized, or that it will ever be upgraded to a higher category. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performances or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Risk Factors" contained in the Company's Annual Reports on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission.
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SOURCE TETRA Technologies, Inc. | https://www.wlbt.com/prnewswire/2022/12/19/tetra-technologies-inc-announces-update-key-strategic-initiatives/ | 2022-12-19T23:00:41 | en | 0.945297 |
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RICHMOND, Va., Dec. 19, 2022 /PRNewswire/ -- Universal Corporation (NYSE:UVV) announces the release of its 2022 Sustainability Report. "Sustainability continues to be an essential part of how we conduct business at Universal. We are committed to disclosing our operational activities as well as our sustainability performance in a consistent and transparent manner," said George C. Freeman III, Universal's Chairman, President, and Chief Executive Officer. "We have updated our materiality assessment and are excited about the new information and disclosures within our 2022 Sustainability Report. We are also proud to announce an improvement in our CDP Climate Change and Forestry scores and will continue to build on our disclosures into the future."
Universal's 2022 Sustainability Report focuses on the Company's material sustainability topics as well as its environmental, social and supply chain goals. This report has been prepared in accordance with the GRI Standards: Core Option and SASB Agriculture Products Standard, and data disclosed in this report reflects activities from April 1, 2021, to March 31, 2022. The 2022 Sustainability Report is available at: http://universalcorp.com/Resources/Practices/2022%20Universal%20Sustainability%20Report.pdf.
Universal Corporation (NYSE: UVV), headquartered in Richmond, Virginia, is a global business-to-business agri-products supplier to consumer product manufacturers, operating in over 30 countries on five continents. We strive to be the supplier of choice for our customers by leveraging our farmer base, our commitment to a sustainable supply chain, and our ability to provide high-quality, customized, traceable, value-added agri-products essential for our customers' requirements. We find innovative solutions to serve our customers and have been meeting their agri-product needs for more than 100 years. Our principal focus since our founding in 1918 has been tobacco, and we are the leading global leaf tobacco supplier. Through our plant-based ingredients platform, we provide a variety of value-added manufacturing processes to produce high-quality, specialty vegetable- and fruit-based ingredients as well as botanical extracts and flavorings for the food and beverage end markets. For more information, visit www.universalcorp.com.
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SOURCE Universal Corporation | https://www.wlbt.com/prnewswire/2022/12/19/universal-corporation-releases-2022-sustainability-report/ | 2022-12-19T23:00:48 | en | 0.9374 |
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SANTA ANA, Calif., Dec. 19, 2022 /PRNewswire/ -- VF Developments, LLC, a minority and female owned and run company, has reintroduced a historic 1920's built Spanish Villa style eight-unit multifamily community property to the revitalizing Downtown Santa Ana market in Orange County after completing major renovations.
VF Developments, LLC, in joint venture with a private investor in August 2020, acquired the Santa Ana multifamily property located at 1524-1530 North Sycamore Street, Santa Ana, California with the plan of repositioning and adding capital improvements to bring back its original 1920s glamour. Originally built in the "Roaring 20s" in 1929, VF Development's improvements included enhancements to exterior redesign to accentuate the Spanish revival style architecture. These improvements included new iron work, landscaping makeover, major roof renovation with authentic red clay barrel tile roof on the property, beautiful tiered fountain in the courtyard, newly painted white stucco and high contrasting expresso trim, completely restored and upgraded interior finishes, as well as new electrical and plumbing with central heating & cooling system.
Rancho Cucamonga based TriWest Contractors completed the stunning renovations for the ownership group and Los Angeles based Drake Real Estate Group will provide property management and leasing services.
1524-1530 North Sycamore Street, located in the heart of Santa Ana's historic Willard neighborhood features two side by side, four-unit, two-story low-rise buildings with Santa Barba style architecture. Residents of this gated community will enjoy a calming water fountain in the courtyard, private entryways to each unit, balconies, red tile roofs, and dedicated remote-controlled garage parking.
Anthony Garcia, owner of TriWest Contractors, noted, "Since the buildings were Santa Barbara style, an architectural and interior design style derived from Mediterranean and Spanish-revival architecture, we decided to enhance the deep red tones and polished wood textures that contrast with vibrant white walls."
Victoria Vu, a renowned designer and managing partner of VF Developments, LLC and formerly a leading Halloween costume designer, carefully designed and restored the rental homes. These 1920s vintage luxury rental homes feature keyless entry door locks to spacious one bedroom and two-bedroom floor plans with arched entry ways to newly renovated kitchen and bathrooms. The kitchen boasts sparkling white stone quartz countertops with brand new self-closing cabinetry and high-end Samsung stainless-steel refrigerators with matching gas cooktop with oven and microwave. Stacked washer and dryers included inside each rental home with porcelain tiled bathtubs and glass shower doors and separate guest bathrooms. Each rental home also includes central A/C cooling and heating with recessed lights with luxury style interior finishes and distressed wood plank floors.
Victoria Vu commented, "Since the property was built in 1929, our goal was to reimagine the original architect's intentions and upgrade the community to today's modern market by bringing back the life it had in the "Roaring 20s" or "Jazz Age" - it was a decade of prosperity and dissipation, and of jazz bands, bootleggers, raccoon coats, bathtub gin, flappers, flagpole sitters, bootleggers, and marathon dancers. We are also proud of this renovation as it's a prime example of the benefits of the Opportunity Zone program. All of our employees, vendors, and contractors are locally based minorities and women owned and run companies that came together to improve the buildings and the community and create jobs".
This building, located in a Qualified Opportunity Zone (QOZ), has major attributes that includes its proximity to the best of what Santa Ana has to offer. These include the Bowers Museum, Main Place Mall with city approved $300 million remodel planned, Orange County School of the Arts, The Discovery Cube of Santa Ana, The Santa Ana Zoo, and 4th Street Market. Minutes off the 5 Freeway on the 17th Street exit and nestled in the historic Willard area of Santa Ana and adjacent to French Park - an area known for its Victorian homes. The community is minutes to Downtown Santa Ana - the rapidly gentrifying area known for its eclectic eateries and elevated dining, fantastic night life, shopping and a host of other activities. Downtown Santa Ana, also called Downtown Orange County, is the historic city center of Santa Ana and the county seat of Orange County. It is the institutional center for the city of Santa Ana as well as Orange County, a retail and business hub, and has in recent years developed rapidly as a regional cultural, entertainment and culinary center for Orange County.
About VF Developments: VF Developments, minority and female owned and run company, has acquired over $69 million in multifamily properties since 2015 totaling 39 properties and 242 units. VF Developments strives to provide neighborhoods in gentrifying areas of Los Angeles and Orange County Class A building design finishes at accessible and affordable market rents to future tenants. VF prides itself with the opportunity to create modern living to add value to its communities. With properties ranging from condominiums to multifamily residences in gentrifying areas throughout the greater Los Angeles area and Orange County region. VF manages a multitude of processes including finding unique, off market opportunities, syndicating properties, overseeing renovations, and using unique architecture and interior compositions transforming distressed properties into contemporary, market-ready homes and apartment communities. VF seeks value add investment opportunities and creates significant value for clients and investors. VF Developments is an entrepreneurial company specializing in acquiring, renovating, and managing multifamily properties in Los Angeles and Orange Counties. The company targets under-performing and mismanaged multifamily properties in gentrifying areas of these counties. VF also completes significant renovations that modernize and transform dated properties into cutting edge, high quality, best in class living environments - ultimately creating substantial value enhancement for its investors.
Victoria V. Vu
Victoria_vfd@icloud.com
310.901.1189
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SOURCE VF Developments, LLC | https://www.wlbt.com/prnewswire/2022/12/19/vf-developments-completes-renovations-begins-lease-up-historic-1920s-spanish-style-multifamily-community-santa-ana-californias-opportunity-zone/ | 2022-12-19T23:00:54 | en | 0.943183 |
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Pence to share insights on global and domestic realities ahead for North American businesses
WASHINGTON, Dec. 19, 2022 /PRNewswire/ -- The National Association of Wholesaler-Distributors (NAW), which is the voice of the 8.1 trillion-dollar wholesale distribution industry, and employs more than 5 million U.S. workers, announced today that Vice President Mike Pence will keynote Executive Summit 2023, the premier industry event for wholesale-distribution, January 31 – February 2, 2022, at the Fairmont, Washington, DC.
Vice President Pence will address North America's leading class of distributors and share his insights on the global and domestic realities ahead for North American businesses, the U.S. economy, the supply chain and more. NAW's Executive Summit is known in the industry as the most important and insightful event of the year; bringing together an incredible roster of distribution industry executives and service suppliers from all corners of the country to network, share best practices and innovate for the future.
"We could not be more honored to welcome Vice President Mike Pence to address distributors from across North America at Executive Summit 2023," said NAW CEO Eric Hoplin. "The Vice President's leadership has been felt throughout the business community and we are eager to hear his ideas and insights for the future advancement and prosperity of the country and to ensure that distributors can do what they do best and supply and support America," concluded Hoplin.
"Distributors are the heart of the American supply chain," said Vice President Mike Pence. "Thanks to the critical links and connections this industry makes possible, the goods and products needed to live and prosper in America make their way to communities and municipalities around the country. It is through distribution that towns and cities are built, homes are lit, families are fed, and the sick are supplied with life-saving medical products. We are thrilled to address leaders of this critical industry that keep the economy and the country moving," concluded Pence.
Each year, the Wholesale-Distribution Industry gathers in Washington, DC for NAW's Executive Summit to hear from top executives and thought leaders from across the industry on topics such as innovation, supply chain visibility, profitable growth strategies, regulation, the economy, branding, and the value in investing in a happy workforce.
NAW is one of America's leading trade associations, representing the $8.1 trillion wholesale distribution industry. Founded in 1946, NAW is comprised of national, regional, and state employers of all sizes, industry trade associations, partners, and stakeholders spanning all sectors of distribution. Our industry employs more than 5 million workers throughout the United States and accounts for 1/3 of the U.S. GDP. There are 35,000 wholesale distribution companies that operate in nearly 150,000 places of business across North America, including all 50 states.
NAW's mission is to deliver world-class programs and services, designed to help the most dynamic companies in wholesale distribution succeed. Our programming is tailored for the CEOs, senior executives, and rising leaders at our member companies and associations. Members engage with NAW through our offerings in: Thought Leadership, Networking, Executive Education, Benchmarking/Research, Shared Resourcing, Partnerships, Government Relations, and Public Affairs.
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SOURCE National Association of Wholesaler-Distributors | https://www.wlbt.com/prnewswire/2022/12/19/vice-president-mike-pence-address-distributors-executive-summit-2023/ | 2022-12-19T23:01:01 | en | 0.956746 |
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NEW YORK, Dec. 19, 2022 /PRNewswire/ -- Revered industry leader Matthew D. Upchurch, Chairman and CEO of leading global luxury travel network Virtuoso®, became the proud recipient of a Lifetime Achievement Award this week. The award, which pays tribute to individuals whose efforts have led to extraordinary results within an organization and who have also made significant contributions to the industry as a whole, was given by Travel Weekly during their Readers Choice Awards, held Wednesday, December 14, at New York's Museum of Natural History.
Longtime friend and Four Seasons Yachts CEO Larry Pimentel had the distinction of introducing Upchurch during the ceremony, sharing collective sentiments from Virtuoso members, partners and other industry professionals. Pimentel shared, "Matthew is a great storyteller, a luxury leader and a passionate innovator. He is also the strongest advocate of the travel advisor because he listens, he acts, and he really cares. He is the global exemplar of the travel advisor champion and an ambassador for travel in general."
Upchurch is known for his strong, unwavering leadership combined with passion and great humanity, which was a sentiment repeated throughout the presentation by Virtuoso members, partners and team members. His life's work has been dedicated to elevating the travel advisor profession into one that is valued, respected, fulfilling and on par with other professional services within the luxury sector. Having served on both sides of the equation – both as a travel agency owner as well as on the supplier side – Upchurch's balanced perspective is focused on creating a virtuous circle that ensures each side is successful. Combined with his overarching philosophy that travel is a force for good, he strives to create a better Return on Life™ for all within his network – agency owners, frontline travel advisors, preferred partners and travelers, alike.
The evening's presentation was even more meaningful as it included a tribute to Upchurch's father, the late industry pioneer Jesse Upchurch, who received the same award in 2008. Travel Weekly bestowing this honor upon Matthew Upchurch marks the first time two generations of the same family have been recognized in this way. Upchurch was joined at the ceremony by his wife and children, who also delivered heartfelt messages to their father through a video presentation shown during the ceremony.
Upchurch was not the only Virtuoso honored during the evening. Anne Morgan Scully, a longtime Virtuoso advisor and prominent presence within the network, was also a recipient of a Lifetime Achievement Award. Upchurch delivered a heartfelt introduction, speaking of Scully's contribution to the industry and her commitment to mentoring younger advisors entering the profession. He shared Scully's famed phrase for clearly stating the value travel advisors provide and the reason why even the most powerful client needs an advisor in their corner: "Because you can't VIP yourself."
Virtuoso® is the leading global travel agency network specializing in luxury and experiential travel. This by-invitation-only organization comprises over 1,200 travel agency locations with more than 20,000 travel advisors in over 50 countries throughout North America, Latin America, the Caribbean, Europe, Asia-Pacific, Africa and the Middle East. Drawing upon its preferred relationships with more than 2,200 of the world's best hotels and resorts, cruise lines, airlines, tour companies and premier destinations, the network provides its upscale clientele with exclusive amenities, rare experiences and privileged access. Normalized annual sales of (U.S.) $25-$30 billion make Virtuoso a powerhouse in the luxury travel industry. For more information, visit www.virtuoso.com.
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SOURCE Virtuoso | https://www.wlbt.com/prnewswire/2022/12/19/virtuoso-chairman-ceo-matthew-d-upchurch-honored-with-lifetime-achievement-award/ | 2022-12-19T23:01:07 | en | 0.964926 |
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