On 10-18 October 2024 Šiaulių Bankas AB purchased own shares on the Tender Offer Market of Nasdaq Vilnius AB. Total number of shares acquired 6,000,000:
4,254,886 shares, for reduction of the Bank capital;
1,745,114 shares, for employees of Šiaulių Bankas group as part of the deferred variable remuneration.
Total amount of share acquisition transactions: EUR 4,920,000.00.
“We have created liquidity event for investors who wish to realize all or part of their shares. It is important to note that the final auction price was set higher than the market price, which means there are no shareholders wanting to sell a significant amount of shares who lack liquidity in the stock market.
We will continue to strive to ensure high returns for our shareholders who believe in our long-term strategy. We plan to begin the second phase of the share buyback, during which we will purchase shares on the open market, in November, after announcing the third-quarter results of this year,” says Tomas Varenbergas, Head of Investment Management Division of Šiaulių Bankas.
The acquired shares will transfer to the Bank’s ownership on the settlement date of the purchase auction, 21 October 2024.
Additional information: Tomas Varenbergas Head of Investment Management Division tomas.varenbergas@sb.lt
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (The “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Since inception Class A shareholders have received a total of $27.30 per share and Preferred shareholders have received a total of $10.95 per share inclusive of this distribution, for a combined total of $38.25.
Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.
NEWPORT BEACH, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) — via InvestorWire — Sustain Southern California (“Sustain SoCal”), proudly announces today that it will host the 15th Annual Energy Event on Thursday, October 24, 2024. The acclaimed event will be held in person at The Cove at UCI Beall Applied Innovation 5270 California Avenue, Irvine, CA, United States.
With over a decade-and-a-half of experience, Sustain SoCal is renowned for accelerating cleantech economic growth and sustainability initiatives through innovation, collaboration and education throughout Southern California and the surrounding region. The upcoming event is the latest in the highly-regarded Annual Energy series which focuses on exploring the status of decarbonization solutions across major pillars of the economy including industrial, commercial and governmental sectors.
Drawing on their considerable experience and expertise, invited speakers, senior decision makers and industry veterans will share their unique perspectives on several pressing concerns such as engineering technology, incentive structures, policy tools, and the legislative ecosystem’s role in mainstreaming the decarbonization of energy supplies.
Speakers at Sustain SoCal events represent a cross-section of real world initiatives from local government and other public agencies, utilities, technology companies, large corporate adopters, hospitals, hotels, schools, seasoned investors, and non-profit agencies.
To address the region’s sustainability goals, and highlight the challenges of the evolving energy-scape, discussions will encompass a wide spectrum of topics including electrification, hydrogen, Inflation Reduction Act, renewables, built environment, agriculture, grant incentives, investor trends, ESG and innovation policy. During these galvanizing conversations, attendees will experience world-class educational content and build a deeper understanding of pragmatic solutions that support sustainable decarbonization.
While showcasing the latest advancements from local energy innovators, the event series has always focused on being a launchpad for exciting new partnerships and high-powered networking to drive sustainable economic development and progress towards wider sustainability goals.
At the Innovation Showcase, senior company officials and pioneering developers will interact directly with attendees to explore and discuss the latest technology developments and breakthroughs.
Scott Kitcher, President, and CEO of Sustain SoCal, said, “Global energy networks are central to modern civilization and our economic model. However, rigorous scientific research and advanced environmental surveys have conclusively shown that the energy-scape is precariously positioned due to the weight of our legacy systems. The combination of lasting environmental damage, accelerating climate change effects, power shortages and frequent disruptions, changing demographic profiles, and geopolitical challenges that impact economic prospects via growth trajectories and inflation, has necessitated a rapid transition in humanity’s relationship with energy. The most urgent concern is to accelerate decarbonization to stave off the potential for cataclysmic effects in the decades to come. We, at Sustain SoCal, are proud to have supported local innovators, energy thinkers and policy pioneers in their quest to usher in an age of responsible energy systems, and in building a new and robust ecosystem in Southern California and beyond. Our October conference is a must-attend event for anyone interested in the lasting, sustainable prosperity of our communities, and shall also offer an eye-opening experience into state-of-the-art technologies and revolutionary policy initiatives.”
About Sustain SoCal: Sustain SoCal, a non-profit organization, accelerates sustainability and economic growth through innovation, collaboration, and education in Southern California. The organization has a ten-year history in exploring and implementing pragmatic, real-world solutions to the challenges created by growth, change and inefficiency. It conducts conferences, workshops and networking events that lead to initiatives that positively impact our region’s economic progress and sustainability. For more information, please visit http://www.sustainsocal.org.
About IBN
IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 18+ years, IBN has introduced over 65+ investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients.
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (The “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Since inception Class A shareholders have received a total of $27.30 per share and Preferred shareholders have received a total of $10.95 per share inclusive of this distribution, for a combined total of $38.25.
Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.
LISBON, Portugal, Oct. 18, 2024 (GLOBE NEWSWIRE) — Matchain, a leading AI blockchain platform, is excited to share the milestones achieved since its mainnet launch on August 28th, recapping all the important metrics of the ecosystem. The platform has reached significant milestones in user adoption, transaction volume, and strategic partnerships, solidifying its position as a frontrunner in the AI & Decentralized Identity space.
Explosive Growth in User Base and Transactions
Unlike traditional platforms where data is harvested and monetized without consent, Matchain’s vision is that user data should only be shared with explicit permission. This data, when shared, can be leveraged for training AI models, with users receiving a share of the revenue generated. By enabling individuals to decide how their data is used, Matchain not only fosters greater transparency but also gives users an active role in the growing AI economy, ensuring they benefit from the value of their own contributions.
To achieve this goal, Matchain has been focused on onboarding Web2 users into the Web3 space, providing a smooth transition to decentralized platforms. At the core of the strategy is leveraging Telegram’s massive web2 reach as a familiar gateway, allowing millions to explore blockchain technology without friction.
Matchain’s strategy lies in driving real, authentic interactions within its ecosystem. All initiatives were focused on encouraging users to explore and experience the dApps firsthand, of which, LoL, the first AI memecoin on Matchain, quickly gained momentum and sparked engagement within the community.
The strong and enthusiastic response not only highlighted the community’s support but also served as a powerful driver for increasing Matchain’s visibility and accelerating its growth.
A Recap of the most important numbers:
Successful Transition from Testnet to Mainnet
Matchain’s journey to its current success began with a carefully planned transition from testnet to mainnet. While the testnet was used to validate our core offering and vision, mainnet opened up the doors for the public to join and build on Match.
How’s it going so far:
Onchain Activity: The testnet phase lasted a year and saw over 180 million transactions processed, demonstrating the network’s capability to handle high volumes, while the mainnet saw a total of 32 million transactions within less than a month of being launched.
Community Engagement: With a total user outreach of over 12 million across all channels, Matchain’s mini-app has attracted 3 million+ daily active users, creating strong momentum. This success is amplified by hyper-successful Megadrop campaigns in collaboration with exchange partners, fueled by the enthusiastic support of the Matchain community.
Ecosystem Growth: We’ve built a network of over 50+ strategic partners across sectors like DEXs, DeFi platforms, games, and AI, creating a solid foundation for seamless building on Matchain. MatchID partners are integrating our identity solution to drive real-world use, while infrastructure partners ensure builders can engage with Matchain easily and securely. With a focus on the future, we’ve also aligned with AI leaders across industries to empower individual sovereignty.
Get Involved With Matchain
Matchain’s growth has taken off thanks to strategic partnerships and community-driven efforts led by our Business Development team. Here are some of the key initiatives that are still going strong—and there’s plenty of room for you to jump in and be part of the journey.
Megadrop Program: A multi-phase reward program designed to incentivize user participation and ecosystem growth in collaboration with industry leaders like OKX, Bitget, and Bybit, expanding Matchain’s integration on leading web3 platforms.
Mini-App Quests: Over 7 million users engaged through Matchain’s mini-app games, earning Match Points in real time.
Match Hub: If you share the same vision as Matchain, let’s build something great together! Our BD team’s got your back—offering technical and marketing support to help grow your projects!
Looking Ahead
Matchain is set to continue to focus on strengthening its infrastructure, expanding partnerships, and developing AI and Decentralized Identity (DID) solutions to meet the evolving demands of the blockchain community.
With its rapid momentum, Matchain is poised for significant growth and is on track to expand its user base to over 40 million users in the coming months.
But that’s just the beginning—stay on the lookout for Matchain. With so much happening behind the scenes, you won’t want to miss out. A lot of exciting updates and insights will be shared at ETH Sofia, where our CEO, Petrix, will join Par from Paris Saint-Germain F.C. (PSG) for a fireside chat.
Keep an ear for subtle clues about what’s next for Matchain.
About Matchain Matchain is a blockchain platform that offers advanced AI-driven decentralized identity solutions. It ensures privacy, security, and control over personal data, allowing users to own and monetize their digital information within a secure ecosystem.
For more details, visit Matchain’swebsiteor contactAnastasia Drinevskaya, Chief Marketing Officer, for inquiries and updates.
Disclaimer: This content is provided by Matchain. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.
Source: United Kingdom – Executive Government & Departments
Today, 18 October 2024, marks one year since Storm Babet hit the UK and brought with it extremely heavy rainfall and very strong winds.
An Environment Agency Officer fixing the Lowdham flood storage wall.
In the East Midlands, Storm Babet resulted in the highest recorded river levels at 37 locations. As well as bringing the wettest 3-day period that Nottinghamshire had ever experienced on record.
Storm Babet was then followed by Storms Ciaran and Henk which led to more significant flooding. Flood defences operated very well overall and protected significant numbers of properties in the region.
The anniversary also coincides with the Environment Agency’s annual Flood Action Week which is a campaign dedicated to showing people the steps they can take to reduce the devastation caused by flooding. It also aims to encourage people to sign up to the flood warning service that informs you if your home is at risk of flooding.
In the East Midlands alone, the Environment Agency is currently working on 52 flood risk projects to return assets to the condition they were before the storms last winter. These projects have all been created using evidence from the flooding caused by the 3 storms. Designing and delivering Flood schemes can be complicated and therefore take time to establish.
In the last 12 months an array of projects have been completed to help better protect communities. In Raynesway in Derbyshire the team installed rock amour along a flood embankment. It had started to erode due to the high-water levels caused by Storm Babet and Storm Henk. Quick action was required to ensure the nearby businesses and critical infrastructure in that area remained protected.
2180 tonnes of stone was used to fill a hole on the Folly Road Flood Bank in Darley Abbey.
High levels of water also caused erosion on Folly Road Flood Bank in Darley Abbey. 40 metres was repaired by the Environment Agency, Jackson Civil Engineering and Derby City Council. Over a period of 11 weeks, 2180 tonnes of stone was brought in to fill the large scour hole and protect the bottom of the embankment.
In Lowdham the high river levels caused by storm Babet resulted in overtopping and the deterioration of the flood storage wall. The wall surrounds the cricket pitch and is the boundary to the storage area. The design of the flood asset means when river levels are high they spill onto the cricket pitch. Therefore the flood storage wall keeps the water in that boundary. The high levels of water that was experienced with storm Babet and then continued very closely with storm Ciaran and Storm Henk resulted in further deterioration of the masonry wall. The Environment Agency Nottingham field team worked quickly to assess the damage, take down the damaged stretch of wall and rebuild it. This work was completed in March, less than a month after the last period of storms.
Since storm Babet the Environment Agency has been reassessing the areas that are covered by the flood warning service to ensure all at risk areas are targeted. This work has so far resulted in 3 new areas being added to the flood warning system in the East Midlands – Rearsby, Syston and Silbey.
The Environment Agency are also developing a Property Flood Resilience (PFR) programme for those homes affected by the storms, this could involve them being offered things like air brick covers and demountable barriers to have on the outside their home.
More than 26 drop-in sessions have been conducted in the East Midlands which more than 1600+ people attended. The Environment Agency spent more than 2,000 hours attending and organising these key sessions. The drop-in sessions provided members of the public with a chance to ask any flood related questions they have. The events are attended by our partners who have a role during flooding so everyone the public needs are all in one room.
Paul Lockhart, Flood Risk Manager in the East Midlands, for the Environment Agency said:
We know the devastating impact flooding can have this is why we are working closely with our professional partners on a number of projects to protect communities.
It is important that the public understand their flood risk and are signed up to our flood warning service and educate themselves on how they can better protect themselves and their property from flooding. There is plenty of information here: Flooding – GOV.UK
The best way to protect yourself from flooding is early preparation and knowing what to do in advance. Some of the actions people can take to reduce the dangers are:
Check your long-term flood risk. You can use this free service to find out the long-term flood risk for an area in England, the possible causes of flooding, and how to manage flood risk.
Taking steps to protect yourself from future flooding – including storing important documents in a secure, waterproof location, taking rugs and small furniture upstairs, checking how to turn off your electricity and water, preparing a flood kit.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — North American Financial 15 Split Corp. (The “Company”) declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Since inception Class A shareholders have received a total of $17.06 per share and Preferred shareholders have received a total of $11.54 per share inclusive of this distribution, for a combined total of $28.60.
The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — North American Financial 15 Split Corp. (The “Company”) declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Since inception Class A shareholders have received a total of $17.06 per share and Preferred shareholders have received a total of $11.54 per share inclusive of this distribution, for a combined total of $28.60.
The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Prime Dividend Corp. (The “Company”) declares its monthly distribution of $0.05992 for each Class A share and $0.06667 for each Preferred share. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 5 trading days of the preceding month. As a result, Class A shareholders of record on October 31, 2024 will receive a dividend of $0.05992 per share based on the VWAP of $7.19 payable on November 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Preferred shareholders will receive prime plus 2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.
Since inception Class A shareholders have received a total of $13.83 per share and Preferred shareholders have received a total of $10.76 per share inclusive of this distribution, for a combined total of $24.59.
The Company invests in a portfolio of high yielding Canadian Companies as follows:
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Prime Dividend Corp. (The “Company”) declares its monthly distribution of $0.05992 for each Class A share and $0.06667 for each Preferred share. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 5 trading days of the preceding month. As a result, Class A shareholders of record on October 31, 2024 will receive a dividend of $0.05992 per share based on the VWAP of $7.19 payable on November 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Preferred shareholders will receive prime plus 2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.
Since inception Class A shareholders have received a total of $13.83 per share and Preferred shareholders have received a total of $10.76 per share inclusive of this distribution, for a combined total of $24.59.
The Company invests in a portfolio of high yielding Canadian Companies as follows:
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Dividend Select 15 Corp. (The “Company”) declares its monthly distribution of $0.05442 per Equity share. The distribution is payable November 8, 2024 to shareholders on record as of October 31, 2024.
Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month. As a result, Equity shareholders of record on October 31, 2024 will receive a dividend of $0.05442 per share based on the VWAP of $6.53 payable on November 8, 2024. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.
Since inception, Equity shareholders have received a total of $10.65 per share inclusive of this distribution.
The Company invests in a portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.
AB Amber Grid, legal entity code: 303090867. Address: Laisvės ave. 10, LT-04215 Vilnius, Lithuania.
The following decisions were adopted in the Extraordinary General Meeting of Shareholders of AB Amber Grid on 18 October 2024:
1. Aproval of the conclusion of the Humanitarian Aid Contract
1.1. In accordance with the procedure laid down in Article 11(21) of the Law on Development Cooperation and Humanitarian Aid of the Republic of Lithuania, upon the recommendation of the Ministry of Foreign Affairs of the Republic of Lithuania and the approval of the Ministry of Energy of the Republic of Lithuania, to enter into a Humanitarian Aid Contract with the Ukrainian company KHMELNYTSKOBLENERGO and to approve the following main terms of the Humanitarian Aid Contract:
1.1.1. The subject matter of the Contract is humanitarian assistance to Ukraine’s energy sector. The humanitarian aid shall be provided through the transfer of 4 generators and 46 vehicles with a balance sheet value of EUR 60 285,53;
1.1.2. The parties to the Contract shall be AB Amber Grid and the Ukrainian company KHMELNYTSKOBLENERGO;
1.1.3. The purpose of humanitarian aid is the operation of energy infrastructure in wartime to meet the basic needs of people in wartime.
1.2 To authorise the Chief Executive Officer of the Company (with the right to sub-delegate) to sign the Humanitarian Aid Contract in accordance with the material terms and conditions of the Contract as set out in Clause 1.1, and to agree the other (non-material) terms and conditions of the Contract on behalf of the Company.
More information: Laura Šebekienė, Head of Communications of Amber Grid, +370 699 61 246, l.sebekiene@ambergrid.lt
PLAINVIEW, N.Y., Oct. 18, 2024 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) plans to release its third quarter 2024 financial results after the market closes on Wednesday, November 6, 2024. The company will host a conference call to review these results starting at 5:00 PM ET that day.
To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco’s website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening.
About Veeco Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit http://www.veeco.com.
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2023 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Since inception Class A shareholders have received a total of $8.35 per share and Preferred shareholders have received a total of $11.96 per share inclusive of this distribution, for a combined total of $20.31 per unit.
The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Canadian Life Companies Split Corp. (the “Company”) declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.06667 for each Preferred share ($0.800 annualized). Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
Since inception Class A shareholders have received a total of $8.35 per share and Preferred shareholders have received a total of $11.96 per share inclusive of this distribution, for a combined total of $20.31 per unit.
The Company invests in a portfolio of four publicly traded Canadian life insurance companies as follows: Great-West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation and Sun Life Financial Inc.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — M Split Corp. (“M Split”) declares its monthly distribution of $0.03125 per share ($0.375 annually) for Class I Preferred shareholders. The Class I Preferred share dividends are paid at an annual rate of 7.50% based on the $5 notional issue price. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
M Split invests in common shares of Manulife Financial Corporation, the largest life insurer in Canada offering financial products and wealth management services.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — US Financial 15 Split Corp (“US Financial 15”) declares its monthly distribution of $0.05883 for each Preferred share, or 10.00% annually based on the previous month end net asset value. Distributions are payable November 8, 2024 to shareholders on record as at October 31, 2024.
US Financial 15 invests in a portfolio consisting of 15 U.S. financial services companies as follows: American Express, Bank of America, Bank of New York Mellon Corp., Citigroup, CME Group Inc., Fifth Third Bancorp, The Goldman Sachs Group, J.P. Morgan Chase & Co., Morgan Stanley, PNC Financial Services Group Inc., Regions Financial Corp., State Street Corp., SunTrust Banks, U.S. Bancorp, and Wells Fargo.
TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — Quadravest Capital Management Inc. (the “Manager”) is pleased to announce a 7.7% increase in the monthly distribution for the Quadravest Preferred Split Share ETF (“Preferred ETF”) from $0.65 to $0.70 per annum and declares a monthly distribution as follows:
Amount Per Unit:
$0.05833 CAD
Record Date:
October 31, 2024
Payment Date:
November 8, 2024
The increase in distribution is the result of increasing distributions received from portfolio holdings due to resetting, and the strong capital appreciation within the portfolio.
The investment objectives of Preferred ETF are to provide unitholders with: (a) monthly distributions and (b) the opportunity for capital preservation, primarily through a portfolio of preferred shares of split share corporations.
Preferred ETF will seek to achieve its investment objectives by investing in an actively managed portfolio of split corp. preferred shares offered by Canadian split share corporations listed on a Canadian exchange. The Preferred ETF may also invest in preferred shares of other issuers, exchange-traded funds, other investment funds, equities or income-generating securities, and securities that are convertible into any of the above noted securities provided such investments are consistent with the Preferred ETF’s investment objectives.
Monthly distributions are targeted and will be set at the Manager’s sole discretion and may be changed or vary in subsequent periods, as announced by the Manager. If the total return on the portfolio of the Preferred ETF is less than the amount necessary to fund the monthly distributions and all expenses of the Preferred ETF, this will result in a portion of the distributions paid to unitholders being a return of the capital to unitholders and a decrease in NAV per unit.
The Manager has assigned Preferred ETF a risk rating of “low”.
Founded in 1997, the Manager has a successful track record of creating and managing investment products with approximately $5 billion in assets under management, and proudly manages a portfolio of 13 publicly traded investment products including split share corporations and an investment trust.
Commissions, management fees and expenses all may be associated with exchange-traded fund investments. Please read the prospectus before investing. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the fund, to the future outlook of the fund and anticipated events or results and may include statements regarding the future financial performance of the fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
Source: United States Senator for West Virginia Shelley Moore Capito
CHARLESTON, W.Va. – Today, U.S. Senator Shelley Moore Capito (R-W.Va.), Ranking Member of the Senate Environment and Public Works (EPW) Committee and a member of the Senate Appropriations Committee, announced $50,000,000 for FirstEnergy through the U.S. Department of Energy (DOE), made available through the Infrastructure Investment and Jobs Act’s (IIJA) Grid Resilience and Innovation Partnerships (GRIP) Program.
This project will support grid and transmission upgrades across West Virginia benefitting more than 50,000 customers and 450 critical facilities like schools and hospitals. Additionally, this project includes the creation of a new, four-year apprenticeship program with a training center in Fairmont, W.Va. Ranking Member Capito authored aletter in supportof FirstEnergy’s application for this funding in March of this year.
“West Virginians deserve reliable access to electricity that keeps their lights on and homes warm. Initiatives like this strengthen the reliability of our grid and prevent our residents from experiencing costly interruptions that impact their lives and safety. Additionally, this project will simultaneously invest in economic development and the next generation of our workforce through the creation of an apprenticeship program based in Fairmont. This is the kind of difference I knew the IIJA could make as I helped craft the legislation, and we must continue to strengthen grid reliability and baseload power generation in our country moving forward,” Ranking Member Capito said.
BOSTON, Oct. 18, 2024 (GLOBE NEWSWIRE) — Elevate Renewables (“Elevate” or the “Company”), a leading battery storage development company is pleased to announce that its Innovative Inertia Project at the Devon Generating Station in Milford, CT. has been selected to receive $27.5 million in federal funding under the U.S. Department of Energy’s Grid Resilience and Innovation Partnerships (GRIP) Program.
The Innovative Inertia Project aims to reconfigure an existing fossil-fueled peaking unit and enable the deployment of a battery energy storage system (“BESS”) to provide synchronous condensing (“green sync”) and other essential grid services. Elevate is focused on repurposing existing energy infrastructure as traditional thermal resources retire (i.e., brownfields) and intermittent and renewable resources increasingly become the predominant resources on the grid.
The Company will demonstrate that its BESS can provide inertia and synchronous condensing – remedying any immediate imbalance between electrical supply and system demand on the power grid- grid services historically offered by fossil fuel assets. The integration of this BESS technology will showcase its scalability and replicability, contributing to grid stability as Connecticut and the United States progress through the clean energy transition. It will also enhance resilience and deliver significant community and decarbonization benefits, particularly in historically overburdened areas of the state, by reducing emissions and supporting greater adoption of renewable energy sources.
Elevate will partner with the Connecticut Department of Energy and Environmental Protection (“CT DEEP”) and the Connecticut Public Utilities Regulatory Authority (“CT PURA”) on the project.
“Elevate is committed to identifying and commercializing innovative solutions that balance reliability and decarbonization through the application of battery energy storage. This project is a prime example of how batteries, in conjunction with existing infrastructure, can yield a win-win to help reduce our everyday reliance on fossil fuels while also benefiting existing power plant employees and the communities where we operate. We are excited to collaborate with the DOE, CT DEEP, and CT PURA to demonstrate our commitment to energy reliability while still accomplishing our decarbonization goals,” stated Eric Cherniss, Head of Development at Elevate Renewables.
“As extreme weather events continue to stress electric systems across the country, the Biden-Harris Administration is using every tool in the toolbox to make sure America’s power grid can provide reliable, affordable power,” said Maria Robinson, Director, Grid Deployment Office, U.S. Department of Energy. “By leveraging state-of-the-art grid enhancing technologies and applications, Elevate Renewables will help to add more energy to the grid faster, improve reliability and resilience, and invest in innovative technologies so customers in Connecticut can have access to more renewable energy and pay less for their electricity.”
“I am thrilled that the U.S. Department of Energy has selected Elevate’s Innovative Inertia project in Milford, Connecticut, for federal funding,” said DEEP Commissioner Katie Dykes. “By repurposing an existing power generating facility and combining it with a new battery energy storage system, this project has the potential to provide important grid stability services and help make our state and region’s electric grid more affordable, reliable, and clean.”
Innovative Inertia Project Anticipated Outcomes and Benefits:
Resilience and Reliability for Grid Stability and Restoration: The project will provide about 23 MVA (mega volt-amperes) of reactive power for grid stabilization and up to 20 MW/80 MWh of energy resilience infrastructure available from a BESS capable of black-start grid restoration operations.
Scalability Potential: With over 1,000 combustion turbine sites across the U.S., the project has the potential to be scaled nationwide. By proving the efficacy of BESS-enabled synchronous condensing and other battery-enabled grid services, the project could serve as a model for similar brownfield repurposing efforts and support increasing grid reliance and reliability needs expected as traditional thermal generation facilities retire.
Community Benefits: Through a $2.7 million community investment program, the project will prioritize Disadvantaged Communities, including a distressed municipality near the generating station. The project will support the retraining of at least 20 power plant employees. In addition, the project commits to contracting businesses that are majority-owned or controlled by underrepresented persons or groups of underrepresented persons in New England and is committed to hiring workers from vulnerable or underrepresented communities for construction. Some or all of this project is anticipated to be executed in collaboration with the International Brotherhood of Electrical Workers (IBEW) and other existing unions.
Established by the Bipartisan Infrastructure Law, the Grid Resilience and Innovation Partnerships (GRIP) Program is a $10.5 billion investment to enhance grid flexibility, improve the resilience of the power system against extreme weather, and ensure American communities have access to affordable, reliable, electricity when and where they need it. GRIP funding is administered by the U.S. Department of Energy’s Grid Deployment Office (GDO).
ABOUT U.S. DEPARTMENT OF ENERGY’S GRID DEPLOYMENT OFFICE The mission of the Grid Deployment Office (GDO) is to catalyze the development of new and upgraded electric infrastructure across the country by maintaining and investing in critical generation facilities, developing and upgrading high-capacity electric transmission lines nationwide, and deploying transmission and distribution technologies. Learn more at energy.gov/gdo.
ABOUT ELEVATE RENEWABLES Elevate Renewables is a utility-scale battery storage company focused on strategically deploying battery infrastructure co-located with existing power infrastructure facilities. The Company has significant experience and resources to effectuate utility-scale battery infrastructure with an extensive brownfield pipeline of over 4 GWs. Elevate Renewables is active throughout the United States, where electrification and the rapid growth of intermittent renewables have created a need and advantage for renewable utility-scale battery storage. For more information, please visit http://www.elevaterenewableenergy.com.
Join our online communities on LinkedIn, Twitter (X), and Facebook to stay updated on Elevate Renewable’s events and developments.
Company Contact: Elevate Renewables Market & Media Communications 200 Clarendon Street, FL 55 Boston, MA 02116 Email: jjanson@elevaterenewableenergy.com Direct: (585) 232-5440
Source: United States House of Representatives – Congresswoman Carol Miller (R-WV)
Washington D.C. – Yesterday, Congresswoman Carol Miller (R-WV) stopped by Meeks Mountain Trails to hear about economic updates and concerns regarding a proposal from American Electric Power (AEP). The Congresswoman later hosted a flag presentation for the family of late West Virginia Senator Bob Ashley.
Congresswoman Miller met with Meeks Mountain Trails board members to tour the trails, discuss how the trail system project has been impacting the state’s economy, and discuss AEP’s plans to cut through the trails to install power lines.
“The Meeks Mountain Trails system has done a wonderful job at providing economic growth and promoting healthy lifestyles by building and sustaining more than 30 miles of trails for the Hurricane community. Volunteers, sustainers, and donors continue to help make this project possible and I was glad to observe some of the trails for a first-hand experience. I know there are concerns with AEP’s plans to install power lines which would disrupt the trails, but my staff and I are in communication with the electric energy company and committed to finding the best solution possible for the community,” said Congresswoman Miller.
Congresswoman Miller visited the West Virginia State Capitol to share remarks about late Senator Bob Ashley’s life and presented a flag to his family in honor of his public service to the state of West Virginia.
“It was an honor to host a flag ceremony in memory of Senator Bob Ashley. His many years of service in the West Virginia legislature have left a positive impact on us all.As a token of appreciation, I wanted to meet with his family and present them with a flag that was flown over the United States Capitol this past Fourth of July, which would have been his 71st birthday. His family remains in my prayers as they continue to mourn his loss,”said Congresswoman Miller.
Congresswoman Miller touring Meeks Mountain Trails
Congresswoman Miller observing the trails
Congresswoman Miller speaking at the flag ceremony for Bob Ashley’s family
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
Madagascar’s growth is expected to remain stable at 4.2 percent in 2024, before accelerating to 4.6 percent in 2025.
Ambitious policy reforms are needed to raise more fiscal revenue and make space for higher public investment and social expenditures, while preserving macroeconomic stability and limiting fiscal risks.
Strengthening governance and accelerating reforms to bolster resilience to climate shocks and attract climate finance are key to deliver higher and more inclusive growth in the medium term.
Washington, DC: An International Monetary Fund (IMF) mission led by Frederic Lambert conducted discussions for the 2024 Article IV consultation and first reviews of the arrangements supported by the Extended Credit Facility (ECF) and the Resilience and Sustainability Facility (RSF) during September 30-October 11 in Antananarivo.
At the conclusion of the mission, Mr. Lambert issued the following statement:
“Madagascar’s economy is stabilizing but facing persistent inflation. After 4.2 percent growth in 2023, economic activity remained steady in early 2024 despite a good rice harvest and a rebound in graphite mining. Inflation rose to 7.8 percent in August 2024, driven by energy and food prices. Poor road infrastructure and unreliable electricity continue to increase transport and production costs.
“Growth is projected to remain at 4.2 percent in 2024, and to accelerate to 4.6 percent in 2025. Average annual inflation is expected to decline to 7.2 percent in 2025, before gradually converging to 6 percent over the medium term. The current account deficit would stabilize under 5 percent of GDP.
“The primary fiscal deficit is expected to reach 2.7 percent of GDP in 2024, assuming no oil customs tax arrears. Despite the conclusion of two agreements in 2022 and 2023, some fuel distributors are withholding the payment of oil customs duties to force a settlement of their claims vis-à-vis the government, part of which are related to JIRAMA’s fuel purchases. The absence of settlement with fuel distributors would require expenditure cuts to prevent an increase in the fiscal deficit.
“The outlook faces downside risks from regional conflicts, such as those in Gaza and Israel, and the ongoing war in Ukraine, which could disrupt trade, finance, and commodity prices. Domestically, Madagascar’s water and electricity shortages, deteriorating infrastructure, and governance issues could fuel popular discontent. Climate shocks also threaten food price stability and security. In contrast, implementing the General State Policy (PGE) reforms could enhance productivity and growth.
“Increasing tax revenues to finance investment and social spending would help boost private sector-led and inclusive growth. The 2025 budget should include a combination of tax policy and administrative measures, including a reduction in tax expenditures by MGA 280 billion, to support the government’s revenue objectives. Over the medium-term, a gradual removal of costly import tax and VAT exemptions should be considered as well as other reforms to expand the tax base. A comprehensive excise tax reform and a revision of personal income taxation towards more progressivity should be accompanied by reforms of the tax and customs administrations, including to improve tax audit transparency and the appeal process and expedite VAT credit refunds.
“Structural reforms are key to limiting fiscal risks. Transfers to JIRAMA should be budgeted and gradually reduced. The company’s recovery plan, developed with World Bank’s technical assistance, needs to be swiftly implemented with strong backing from the executive branch. Implementing an automatic fuel price adjustment mechanism is crucial to manage fiscal risks by adjusting pump prices monthly to reflect changes in market prices within a band of +/-200 ariary per liter. Negotiations with fuel distributors should resume to settle cross-liabilities within the 2024 budget, ensuring compliance with fiscal and para-fiscal obligations and settling government liabilities.
“While improving the selection, prioritization, and management of public investment projects is critical to enhance spending efficiency, reinforcing public financial management processes should improve budget execution and traceability. The approval of the budget law by Parliament should be sufficient to start the execution of spending or investment projects, without further authorization by the Council of Ministers or the Commitment Monitoring Bureau (BSE).
“Improving governance is key to delivering higher and more inclusive growth. The lack of transparency and predictability, and the suspicion of state capture by private interests are undermining private sector confidence and public trust in institutions, discouraging investment and development initiatives. Priorities include notably ensuring legal stability, avoiding retroactive regulations, enforcing existing laws, providing effective protection of property rights and enforcement of contracts, ensuring a level-playing field, and creating effective grievance redress mechanisms. The preparation of a new anticorruption strategy that will cover 2025-2030 is an opportunity to accelerate momentum in this field and the IMF will support the authorities’ efforts with a Governance Diagnostic Assessment to be finalized in 2025.
“The central bank should stand ready to raise its policy rates to keep inflation on a downward path. It should continue to manage liquidity through open market operations and communicate more predictably and transparently about monetary policy and liquidity management to enhance credibility and accountability. Foreign exchange interventions should be limited to smoothing excess volatility and building external buffers, without resisting underlying market forces. Further development of the interbank market and strengthening of the interest rate channel of monetary policy will support the functioning of the new monetary policy operational framework. Safeguarding financial stability is crucial for the development of private credit markets.
“To support resilience, stronger social safety nets are essential. Establishing food banks can reduce food insecurity and support local food production. Expanding the single social registry with clear eligibility criteria will improve social assistance targeting. More resources are needed for education and health, with transparent and merit-based recruitment. Digitalization can boost financial inclusion and cash transfer programs.
“Building climate resilience should be a government priority. With support from the Resilience and Sustainability Facility and the World Bank Group-IMF Enhanced Cooperation Framework for Climate Action, Madagascar should develop a national climate finance strategy to attract climate related investments.
“The IMF team thanks the Malagasy authorities and other counterparts for candid and productive discussions. The discussions on the first reviews of the ECF and RSF arrangements will continue virtually in the coming weeks.”
Source: United States House of Representatives – Congressman Pat Ryan (New York 18th)
Congressman Pat Ryan and Dutchess County District Attorney Anthony Parisi Bolster Public Safety in Dutchess County, Secure Over $3 Million in Federal Investments
Ryan joined with Dutchess County District Attorney Anthony Parisi, Dutchess County Sheriff Kirk Imperati, Dutchess County Executive Sue Serino, and local leaders to announce over $3 million in federal funding for public safety in Dutchess County
Funding will crack down on hate crimes, protect domestic violence and sexual assault survivors and prosecute perpetrators, and boost capacity for DNA testing of evidence
POUGHKEEPSIE, NY – Today, Congressman Pat Ryan joined with Dutchess County District Attorney Anthony Parisi, Dutchess County Sheriff Kirk Imperati, and Dutchess County Executive Sue Serino to announce that they have secured $3,023,688 in federal funding to bolster public safety and criminal justice initiatives across Dutchess County. This is in addition to the $2,386,00 in federal Community Project Funding for Fiscal Year 2025 Congressman Ryan is fighting to secure for Dutchess County to create a state-of-the-art Analysis and Real Time Crime Intelligence Center and develop a consolidated two-way public safety radio system.
“Our local law enforcement officers are true public servants – grounded in the mission of keeping our neighbors safe around the clock. Their work isn’t partisan, and neither is our work in supporting them with the resources they need” said Congressman Pat Ryan. “I’m proud that only two months after we joined here in August to announce our shared vision for safer communities in Dutchess County, we’re here again to announce over $3 million in additional funding to keep criminals off the streets, to safeguard our communities from hate-fueled crimes, and to protect survivors of domestic violence and ensure they receive justice when their perpetrators are prosecuted. This wouldn’t be possible without trusted partners like District Attorney Parisi, Sheriff Imperati, and County Executive Serino – I’ll keep fighting for the federal funding to make Dutchess County a safe and thriving home for us all.”
“This funding represents a significant investment in our community’s safety and well-being,” said District Attorney Anthony Parisi. “I have been committed to these critical issues since my campaign for District Attorney, and after taking office, my team and I actively sought solutions to tackle them head-on. Part of that was to seek financial assistance from the Department of Justice grant program. We are thankful to Congressman Ryan, Senator Gillibrand and all our partners in law enforcement and the community that supported my office’s efforts. My administration is dedicated to ensuring justice and promoting safety within our community through proactive measures and community collaboration, striving to address the challenges of domestic violence, sexual assault, hate crimes, and wrongful convictions.”
Dutchess County Executive Sue Serino said, “Public safety is at the heart of everything we do as a County government, and these new grants show a clear and significant investment in the safety and well-being of our community. The grant funds awarded to the District Attorney’s Office are not just about prevention and prosecution but ensuring that victims and survivors are supported throughout their journey towards justice and healing. I commend District Attorney Anthony Parisi, as well as Sheriff Kirk Imperati and all those involved, and I look forward to working to ensure that Dutchess County remains a place where residents feel safe and protected.”
“This federal funding will advance public safety and criminal justice efforts in Dutchess County, from preventing hate crimes to protecting survivors of domestic violence and expanding post-conviction DNA testing,” said U.S. Senator Kirsten Gillibrand. “I am proud to have helped secure over three million dollars in federal grants through the U.S. Department of Justice for the Dutchess County District Attorney’s Office to undertake these critical projects. I will continue fighting to ensure that communities across New York have the resources they need to stay safe.”
Sheriff Imperati said “On behalf of the men and women at the Sheriff’s Office I am very thankful for the grant money that has been awarded and look forward to witnessing the positive effects it will have on law enforcement as a whole in Dutchess County. We anticipate that having this money available to enhance law enforcement efforts on numerous fronts, including the Real Time Crime Center at the Sheriff’s Office, will greatly benefit our ability to continue prioritizing public safety for all residents of Dutchess County. I would like to personally thank Congressman Pat Ryan and District Attorney Anthony Parisi for all of their efforts in working with the Sheriff’s Office to obtain these funds, as well as continuing to be tremendous advocates for law enforcement and public safety in Dutchess County.”
The Dutchess County DA’s Office secured the $3,023,688 from United States Department of Justice (DOJ) grant programs with the assistance of Congressman Ryan. The funding will be broken down to support the three following programs:
$1,000,000 from the DOJ’s Matthew Shepard and James Byrd, Jr. Hate Crimes Program will fund the Dutchess County District Attorney’s Office’s collaborative initiative to address, mitigate, and prevent hate crime and increase victim reporting. This project focuses on the education on and prevention of hate crime through community outreach and partnerships, crime analytics and data collection, and targeted resource distribution to improve hate crime reporting. The District Attorney’s Office will create two new positions- a Hate Crimes Analyst and an Assistant District Attorney – to aid in the education, prevention, and investigation of bias-related crimes, including those committed online. Wappinger Central School District Superintendent, Dr. Dwight Bonk, said “I am very grateful to District Attorney Parisi and his office for his commitment to provide a safe school environment for all students. As we have zero tolerance for acts of violence, discrimination, and hate speech within our District, this grant will assist and serve as a catalyst to provide much needed programs and supports that foster a culture of respect for one another. I look forward to our continued partnership and collaboration as we all work together as a community to address issues such as these.”
$500,000 from the DOJ’s Enhancing Investigation and Prosecution of Domestic Violence, Dating Violence, Sexual Assault, and Stalking (EIP) Initiative will help expand and improve the Dutchess County DA’s capacity to effectively investigate and/or prosecute domestic violence, dating violence, sexual assault, and stalking, and in so doing, support victim safety and autonomy, hold offenders accountable, and promote agency trust within the community. The EIP project by the Office of the Dutchess County District Attorney will partner with Family Services to provide supportive services to survivors. Funding will help in hiring a Senior Assistant District Attorney to prosecute domestic violence, dating violence, sexual assault, and stalking cases. Leah Feldman, Chief Executive Officer for Family Services “We are proud to partner with the Dutchess County District Attorney’s Office, law enforcement, and community leaders on this important initiative. Sexual violence and dating violence are pressing issues in our community, particularly on our college campuses. This funding will not only contribute to enhancing the investigation and prosecution of these crimes but also provide important trauma-informed education that empowers survivors and dispels harmful myths. Together, we are committed to ensuring justice for survivors and creating a safer, more supportive Dutchess County.”
$1,523,688 to bolster the capacity of DNA testing of evidence. This will allow for post-conviction evidence testing as well, ensuring that the perpetrator of a crime is correctly brought to justice. The funding will expand Dutchess County’s Conviction Integrity Unit (CIU) by creating positions of Unit Chief, Assistant District Attorney and a full-time Investigator. The funding will help the CIU efficiently conduct thorough case reviews and investigations of violent felony convictions where a credible claim of actual innocence has been made; utilize DNA testing and analysis to provide conclusive evidence of innocence; and insights gleaned from CIU investigations will be applied to active prosecutions to help mitigate the risk of future wrongful convictions. This will ensure justice is finally and correctly served for the people of Dutchess County communities.
Source: United Kingdom – Executive Government & Departments
Nine people have been sentenced for the operation of an illegal waste site in rural Lincolnshire, following an investigation by the Environment Agency.
Aerial view of the site during the raid, showing burning waste and a lorry depositing waste.
The defendants were sentenced today (Friday 18 October) at Nottingham Crown Court to a collective 11 years of imprisonment, including three family members who controlled the illegal waste site at Long Bennington near Newark.
The investigation, named Operation Lord, saw Environment Agency officers spend months building a picture of evidence of the illegal waste site on Fen Lane, Long Bennington.
The findings of the investigation led to 12 people and one company being charged, of which 10 pleaded guilty. Following an eight-week trial at Nottingham Crown Court which concluded on 28 June 2024, the remaining three defendants were found guilty.
Environment Agency officers conducted a raid on the site in April 2020 with Lincolnshire Police. Intelligence revealed lorry-loads of shredded waste were regularly being accepted onto the site the size of a football pitch.
Waste was burned daily and buried. This activity intensified during the first Coronavirus lockdown in March 2020, and so action was taken to bring it to a halt.
Environment Agency officers also seized an excavator and a lorry which were actively depositing more waste at the site when officers arrived. Two arrests were made.
Smoke over the illegal waste site after the burning of waste. Residential properties are in view nearby.
Prosecution brought against those involved
The prosecution was brought against individuals that ran the illegal waste site; burned the waste; drove waste to the site and the landowners. Two waste brokers were also prosecuted.
The Canner family trio of father Paul (53), mother Judith (55) of Main Road, Bilstone, Nuneaton, and son Joshua (29) of Laburnum Avenue, Newbold Verdon, ran the illegal waste site.
Paul Canner was sentenced today to 26 months in prison, while Judith and Joshua were each sentenced to 16 months. Seven of the nine defendants were sentenced to immediate imprisonment.
Sentencing the defendants, His Honour Judge Coupland found that the:
offending was deliberate for all nine defendants and the harm caused was of the highest level.
the illegal activity was deliberately concealed physically and with falsified paperwork.
the illegal waste site was close to nearby residents, putting them at harm from toxic fumes.
the repeated nature of the offences over a long period of time, and the financial gain obtained by the operation aggravated the offences for all defendants.
His Honour Judge Coupland said that ‘the custody threshold had been crossed in all cases’.
Site inflicted ‘misery on the local community’
Leigh Edlin, Area Director for Lincolnshire and Northamptonshire, said:
This was a serious illegal waste site which was highly organised and involved multiple offenders.
Those involved sought to profit from Covid restrictions at the cost of the environment and by inflicting misery on the local community. The site and its operators had a major impact on legitimate businesses and our regulatory work.
Our enforcement teams will continue to tackle serious illegal waste crime by working with partners such as Lincolnshire Police, fire services and councils, as we did in this case to hold those responsible to account.
Anyone who suspects illegal waste activity is reminded to report it to our 24-hour hotline. Call 0800 80 70 60, or anonymously contact Crimestoppers on 0800 555 111.
Background
Sentences issued to defendants on 18 October 2024:
Paul Canner, aged 53 of Main Road, Bilstone, Nuneaton, pleaded guilty to 1) knowingly causing the deposit of waste at the site between 1 October 2019 and 1 May 2020, and 2) knowingly causing the operation of the illegal waste site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 26 months’ immediate imprisonment.
Judith Canner, aged 55 of Main Road, Bilstone, Nuneaton, pleaded guilty to knowingly causing the deposit of waste at the site between 1 October 2019 and 1 May 2020. She was sentenced at Nottingham Crown Court to 16 months’ immediate imprisonment.
Joshua Canner, aged 29 of Laburnum Avenue, Newbold Verdon, pleaded guilty to knowingly causing the deposit of waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 16 months’ immediate imprisonment.
Sonial Surpal, aged 52 of Round House Road, Coventry, pleaded guilty to depositing waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 13 months’ immediate imprisonment.
Luke Woodward, aged 37 of Willow Road, Nuneaton, pleaded guilty to depositing waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 11 months’ immediate imprisonment.
Marcus Chapman, aged 39 of Egmanton Drive, Mansfield, pleaded guilty to disposing of the waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 12 months’ imprisonment, suspended for 18 months. He has been ordered to do 200 hours of unpaid work.
Peter Wainwright, aged 32 of Dexter Lane, Hurley, Atherstone, Warwickshire pleaded guilty to disposing of waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 16 months’ immediate imprisonment.
Nathan Jones, aged 43 of Carnation Road, Shirebrook, Mansfield, pleaded guilty to disposing of waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 16 months’ immediate imprisonment.
Daniel Lippitt, aged 55 of Lubbersthorpe Road, Leicester, pleaded guilty to depositing waste at the site between 1 October 2019 and 1 May 2020. He was sentenced at Nottingham Crown Court to 9 months’ imprisonment, suspended for 18 months. He has been ordered to do 200 hours of unpaid work.
The following defendants, who were the landowners, will be sentenced on 16 December 2024 at Nottingham Crown Court:
James Baggaley, aged 38 of Back Lane, Foston, pleaded not guilty but was found guilty in June 2024 after a trial of 1) knowingly permitting the deposit of waste at the site between 1 October 2019 and 1 May 2020, and 2) knowingly permitting the operation of the illegal waste site between 1 October and 14 April 2022.
Marc Greenfield, aged 46 of Fosse Road, Brough, pleaded guilty to knowingly permitting the operation of the illegal waste site between 1 October 2019 and 14 April 2022.
Proceeds of crime proceedings have commenced against all 13 defendants and the following two defendants will be sentenced at the outcome of those proceedings:
Robert Malone, aged 41 of Ribble Prospect, Clitheroe, the sole director of NWR 2004 Limited, pleaded not guilty but was found guilty in June 2024 after a trial of failing to comply with the waste duty of care between 1 October 2019 and 1 May 2020.
Fletcher Plant Limited pleaded not guilty but was found guilty in June 2024 after a trial of failing to comply with the waste duty of care between 1 October 2019 and 1 May 2020.
To much media fanfare and growing public anticipation, the Disney+ adaptation of Jilly Cooper’s Rivals (1988) begins on October 18. Cooper’s novel, first published in 1988, is a key “bonkbuster” text – a largely forgotten genre of women’s writing from the 1980s.
Bonkbusters have three key components: they’re full of sex (the bonking) and wildly over the top in terms of storylines and characters, and they were extraordinarily popular (the buster part).
However, like its televisual sister genre, the soap opera, the bonkbuster receded into the background of popular culture in the 21st century. So why is the bonkbuster having a cultural moment in 2024? What is the appeal of adapting a text like Rivals?
We have been researching the bonkbuster genre for a couple of years, looking at its authors, themes and publishing history and talking to readers about their experiences with the genre, both at the time and now.
Also known as the “sex-and-shopping” novel, the bonkbuster was a phenomenally popular genre of women’s writing in the 1980s and 1990s. Besides Cooper, authors like Jackie Collins, Shirley Conran, and Judith Krantz wrote about sex, marriage, friendship and scandal, against a luxurious backdrop of 1980s commercial excess.
‘A Milky Way when you’ve got a fridge full of posh chocolate’
Cooper’s Rivals is fairly typical of the genre – one of the readers in our study, Samantha, aptly described it as: “a full-fat, fun, frothy novel set around class, privilege and horses”. It’s the second in Cooper’s Rutshire Chronicles, following Riders (1985).
Rivals follows two competing television consortiums: Corinium, run by the villainous Tony Baddingham (played by David Tennant); and Venturer, set up by handsome Irish TV star Declan O’Hara (Aidan Turner), plucky Cockney businessman Freddie Jones (Danny Dyer), and notorious lothario Rupert Campbell-Black (Alex Hassell), as they bid for the local TV franchise.
They are helped (and hindered) along the way by American TV executive Cameron Cook (Nafessa Williams), Declan’s actress-wife Maud (Victoria Smurfitt) and unhappily married author Lizzie Vereker (Katherine Parkinson).
This might sound like fairly dry fare, but amid all the clandestine meetings and boardroom bust-ups, the characters fall in and out of love, have gleeful, adulterous affairs, and host lavish dinner parties, balls and naked tennis matches. Tory Rupert even finds time to be minister for sport – until Labour win the election.
Great fun and very funny, Cooper’s books are famously tongue-in-cheek. However, the bonkbuster is also a product of its time – its references and values are, as study participant Samantha observed, “so 1980s”. What, then, is the appeal of books (and now TV shows) like Rivals?
For some readers, the attraction is familiarity. Another reader, Hazel, said: “I don’t have that sense of ‘I cannot put this book down’ because I know exactly what’s coming. They’re so well thumbed, and all wrinkled at the edges because they’ve all fallen in the bath a few times.”
Readers love the fantasy and escapism offered by the genre. As Hazel remarked, “It’s like still wanting a Milky Way when you’ve got a fridge full of Godiva chocolate … Sometimes you just want the sugary fluff.”
There are much-loved characters: Declan O’Hara remains a firm reader favourite, and there is still a lot of affection for Freddie, the rough-diamond industrialist who has lots of money and a terrible wife. Readers also remember the romance between Rupert and Declan’s daughter Taggie (Bella Maclean) fondly, even as they raise an eyebrow at their age gap (Rupert is 37, Taggie 19).
There’s also pleasure to be found in the setting. Cooper sets her novels in the cheekily named county of Rutshire, a fictionalised version of the Cotswolds, with vivid descriptions of stately homes and lush rural landscapes.
The problematic 1980s
But there are some aspects of the text that readers feel differently about, reading now, decades later. Some are simple: fashions have definitely changed, for instance, and the golden era of regional TV franchises has long passed.
More complex, though, are some of the attitudes. While many readers still dearly love these books, they also note some elements that have not aged well: “The class issues … the sexism, racism, homophobia”, says Samantha. Cooper herself once noted that serial womaniser Rupert would probably be “locked up in prison”, post #MeToo.
Readers in our study have particularly commented on the role of Cameron Cook in Rivals, a ruthlessly ambitious and occasionally unlikeable female American TV executive who is “caricatured as this ball-breaking go-getter,” according to Hazel. They wondered if the book were to be published today, whether Cameron would be written as a softer, more relatable character – and, perhaps, treated better by the men around her.
Our readers were also acutely aware of the domestic violence in the book, which they found uncomfortable on rereading. Rivals has several instances of male violence against women, including one so severe the victim requires stitches afterwards – but still defends her attacker.
While readers still find great pleasure in Rivals and other bonkbusters, they simultaneously negotiate some of these more problematic elements as they read the book again, trying to hold the 1980s and the 2020s in their minds at the same time.
It seems likely that the Rivals adaptation will be a commercial success: not only does it build on an audience of loyal readers, but it is also receiving lots of positive early reviews as a hilarious escapist romp.
Directed by Ted Lasso director Elliot Hegarty, and produced by soap director Dominic Treadwell-Collins, the series seems to be aiming for a blend of high-drama soap and quality production values. This is bolstered by the ensemble cast, including many well-known British actors.
Yet, the novel remains inescapably a product of the 1980s, from its second-wave feminist values to characters’ concerns about Aids. As can be seen from the trailer – joyfully belting out Robert Palmer’s 1986 hit Addicted to Love – the adaptation is proudly retaining the 1980s setting. It will be interesting to see just how much of its 1980s values and attitudes remain.
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The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.
Tampa, Florida – U.S. District Judge Thomas P. Barber has sentenced Linda Davis to four years in federal prison for willfully failing to pay to the Internal Revenue Service (IRS) employment taxes that were withheld from employees’ paychecks. Davis was also ordered to pay $719,049.62 in restitution. Davis entered a guilty plea on November 9, 2023.
According to court documents, Davis owned and operated a pavement maintenance company, known as Majestic Seals & Stripes, Inc. (Majestic), in Clearwater. As the owner of Majestic, Davis was responsible for withholding employment taxes from the Majestic employees’ paychecks and paying the taxes owed. Instead of paying these amounts to the IRS, Davis diverted the funds for her own personal use. Davis also failed to pay to the IRS the employer’s portion of the payroll taxes. Specifically, between June 2016 and December 2021, Davis failed to pay $557,249.62 in payroll taxes.
Further, in February 2021, Davis applied for a Paycheck Protection Program (PPP) loan on behalf of Majestic. In support of the loan application, Davis submitted a false IRS Form. As a result of the application package, the PPP loan was approved and funded in the amount of $161,800.
“When you work somewhere, you trust that your employer will do the right thing,” said Ron Loecker, Special Agent in Charge of the IRS-CI Tampa Field Office. “For an employer to take advantage of their employees for their own personal gain in such a blatantly criminal way is downright shameful. My hope is that this sentencing will urge others to always do right by their employees.”
This case was investigated by Internal Revenue Service – Criminal Investigation. It was prosecuted by Assistant United States Attorney Tiffany E. Fields.
The renovation and expansion of an old industrial building to create the Battat Art Center, the CAB, will reduce the ecological footprint of the building and support art and culture. The project is made possible by a $10.2 million investment from the federal government.
Montreal (Quebec), October 18th, 2024 — The renovation and expansion of an old industrial building to create the Battat Art Center, the CAB, will reduce the ecological footprint of the building and support art and culture. The project is made possible by a $10.2 million investment from the federal government.
Announced by the Honorable Mélanie Joly, this project, located on Port-Royal Street in the Ahuntsic-Cartierville borough, will offer a variety of spaces for creation and performance, supporting artists and promoting public appreciation of the arts.
A thriving economy needs strategic investments in green infrastructure to build a sustainable future for Canadians, with access to good jobs, while limiting impacts on the local environment.
The funding for this artistic building will be used to preserve the exterior envelope, as well as its existing architectural and structural components made of wood, masonry, and steel. The Center has prioritized the enhancement of the built heritage rather than starting from scratch. A new structure, primarily made of large timber from Quebec, will be erected to promote this craftsmanship and structural system. Additionally, the expansion will be built following zero-carbon building design standards and will increase the existing space from two to four floors, allowing for the installation of artist studios and exhibition rooms. This initiative supports the values of sustainable development by integrating ecological and economic strategies while providing quality spaces for the artistic community.
The GICB program aims to improve the places Canadians work, learn, play, live and come together by cutting pollution, reducing costs, and supporting thousands of good jobs.
Through green and other upgrades to existing public community buildings and new builds in underserved communities, the GICB program helps ensure community facilities are inclusive, accessible, and have a long service life, while also helping Canada move towards its net-zero objectives by 2050.
Furthermore, the Battat Art Center will also receive a maximum financial support of one million dollars from the Government of Quebec, through the Programme d’innovation en construction bois (PICB).
About the Battat Art Center (CAB)
The CAB is a nonprofit multidisciplinary creation and dissemination space that gives artists the freedom to experiment without external constraints or expectations. The center stands out from the expected contemporary art trajectory by prioritizing the artist and their process over the final product.
Housed in a former stone masonry building located in the heart of Ahuntsic-Cartierville in Montreal, the CAB is one of the first significant artistic pillars in the community. The project aims to symbolize cultural renewal by offering artist studios, exhibition and performance spaces, places for exchange, green areas, and a café. It also provides a unique artistic and community program for this neighborhood, which is undergoing an identity transformation. By valuing collaboration among creators and supporting access to art, the CAB aims to establish an ideal environment for creation—an inclusive and participatory space for both artists and the community.
The CAB intentionally embraces the imprint of accumulated layers from past industrial activity and ongoing and future artistic endeavors. With a vision of sustainable, carbon-neutral architecture, the center is an open space where heritage, the public, and new creation come together to give rise to a refreshing artistic momentum in Montreal with international reach.
Quotes
“By investing in our green infrastructure, we are investing in the future of our communities. I am pleased to announce this federal funding, here in my riding of Ahuntsic-Cartierville, for the renovation and transformation of the building that will house the Centre d’art Battat. In addition to supporting arts and culture, this initiative will play a crucial role in reducing our environmental footprint through the use of eco-responsible materials.”
The Honourable Mélanie Joly, Minister of Foreign Affairs and Member of Parliament for Ahuntsic-Cartierville, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities
“Another example of the immense potential of Quebec lumber! More wood in construction means more beauty for our cities and, above all, more eco-friendly and sustainable buildings. We are proud to support developers who promote the use of wood in construction. In doing so, we recognize the essential role that the forestry sector plays in the decarbonization of our economy. Congratulations to the Battat Art Center for their vision!”
Maïté Blanchette Vézina, Minister of Natural Resources and Forests and Minister responsible for the Bas-Saint-Laurent and Gaspésie–Îles-de-la-Madeleine regions.
“The Battat Art Center (CAB) is an example of the transformation of the Central District, a vibrant neighborhood in Ahuntsic-Cartierville that offers redevelopment opportunities for new industries in technology, culture, design, and urban manufacturing. The CAB is a pioneer of urban redevelopment that aligns with our vision for the future of Montreal. The CAB‘s program of artistic creation and public presentation is poised to undoubtedly become a model of renewal for our borough.”
Émilie Thuillier, Borough Mayor Ahuntsic-Cartierville
“We wish to create a space for creation and dissemination that supports contemporary artists. We also want to provide a living environment with open, welcoming, and warm public spaces where the entire neighborhood can come together and connect. It is important for us to respect the heritage of our building by preserving its structure and reclaiming its materials, while also transforming it to incorporate green spaces and a café. We envision welcoming school and community groups, giving them close access to the arts and artists.”
Anne-Marie Barnard, Executive Director, Battat Art Centre
Quick facts
The federal government is investing $10,227,308 in this project through the Green and Inclusive Community Buildings (GICB) program.
The GICB program was created in support of Canada’s Strengthened Climate Plan: A Healthy Environment and a Healthy Economy. It is supporting the Plan’s first pillar by reducing greenhouse gas emissions, increasing energy efficiency, and helping develop higher resilience to climate change.
The program is providing $1.5 billion over five years towards green and accessible retrofits, repairs or upgrades.
At least 10% of funding is allocated to projects serving First Nations, Inuit, and Métis communities, including Indigenous populations in urban centres.
The application period for the Green and Inclusive Community Buildings program is now closed.
Launched in 2021, le Programme d’innovation en construction bois (PICB) of the Government of Quebec has already funded 31 innovative projects as of March 31, 2024.
The PICB is part of Objective 10 of the Policy for the Integration of Wood in Construction, and its funding comes from the Quebec Government’s 2030 Green Economy Plan.
Associated links
Contacts
For more information (media only), please contact:
Sofia Ouslis Communications Advisor Office of the Minister of Housing, Infrastructure and Communities sofia.ouslis@infc.gc.ca
From fresh seafood caught from the Atlantic Ocean to foraged ingredients found along coastal trails to incredible protein and produce from local farms, Newfoundland and Labrador offers visitors a unique and immersive culinary experience. The Government of Canada, together with the Government of Newfoundland and Labrador, is investing to help expand and promote the region’s culinary tourism offerings.
Federal, provincial governments invest to help Hospitality Newfoundland and Labrador expand tourism offerings
October 18, 2024 · St. John’s, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
From fresh seafood caught from the Atlantic Ocean to foraged ingredients found along coastal trails to incredible protein and produce from local farms, Newfoundland and Labrador offers visitors a unique and immersive culinary experience. The Government of Canada, together with the Government of Newfoundland and Labrador, is investing to help expand and promote the region’s culinary tourism offerings.
Investments helping to expand culinary tourism
Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA, announced a non-repayable federal investment of $981,000 to help Hospitality Newfoundland and Labrador promote and develop culinary experiences in the province.
The Honourable Sarah Stoodley, Minister of Immigration, Population Growth and Skills
and Minister Responsible for Francophone Affairs, also announced a contribution of $246,000 on behalf of the Government of Newfoundland and Labrador’s Department of Industry, Energy and Technology.
This project will help promote Newfoundland and Labrador as a one-of-a-kind culinary destination, encouraging visitors to stay longer and explore more – and boosting year-round tourism revenue everywhere in the province.
Elevating Tourism in Atlantic Canada
Minister Hutchings also launched Elevate Tourism – a new, time-limited initiative to help private sector (commercial) tourism businesses attract more high-impact, value-driven visitors from outside Atlantic Canada. Nearly half these visitors are looking for trips that give them an elevated experience. The repayable initiative will help businesses develop high-quality products and experiences that reflect Atlantic Canada’s unique character and offerings.
For more information about Elevate Tourism and eligibility criteria, please see the associated links below.
The Government of Canada is committed to supporting the long-term sustainability of local agriculture and food systems and to helping Atlantic Canadian tourism operators develop fresh approaches and innovative ways to grow their businesses, all while creating meaningful jobs and world-class experiences that bring visitors to its shores.
Quotes
“A food experience brings us together – across our cultures, across communities and across countries. Culinary tourism gives visitors another experience in Newfoundland and Labrador. We have unique flavours, talented chefs and cooks and our famous hospitality. So from festivals to fishing, foraging, farming and breweries and more, we have something for everyone.”
– The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA
“Hospitality Newfoundland and Labrador is working to foster a culinary tourism ecosystem that supports local communities, preserves cultural heritage and creates economic opportunities to advance the tourism sector. Through this project, the province will build on its reputation as a culinary destination and encourage community building and sustainable economic development while also encouraging regional partnerships.”
– The Honourable Andrew Parsons, KC, Minister of Industry, Energy and Technology
“The kitchen tables of Newfoundland and Labrador have been welcoming folks from far and wide for centuries. Sharing the bountiful wit, charm and humour of the people of the province around these tables has become legendary across Canada and the World. Today’s announcement recognizes the importance of not only who is around those tables – but what is on those tables. This investment in the Food & Beverage industry of Newfoundland and Labrador will enhance the edible experiences that are offered across the province and be a catalyst to elevate the level and diversity of the human hospitality that we are so known for.”
– Chef Todd Perrin, Food and Beverage Representative, Board of Directors, Hospitality Newfoundland and Labrador
Quick facts
Food tourism focuses on exploring a destination through its local food and drink offerings, while providing visitors with experiences centered around culture, culinary traditions and local ingredients.
The federal funding announced today is delivered through the Atlantic Canada Opportunities Agency (ACOA)’s Regional Economic Growth through Innovation (REGI) program.
The Province of Newfoundland and Labrador’s investments are delivered through the Department of Industry, Energy and Technology’s Regional Development Fund.
Since the pandemic, investment in tourism in Canada has recovered to 98% of its level in 2019, compared to just 88% in Atlantic Canada.
Associated links
Contacts
Connor Burton
Press Secretary
Office of the Minister of Rural Economic Development and of the Atlantic Canada Opportunities Agency
Supporting innovation and growth contributes to economic development in Quebec’s regions. That is why Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED, the Honourable Soraya Martinez Ferrada, today announced two repayable contributions totalling $800,000 for EVAH Corp. This CED support has enabled the business to cover external professional fees and to acquire equipment to ensure its growth by establishing a laboratory and research and development office in Laval focusing on animal health.
Founded in 2020, EVAH Corp., a biotechnology business that first began operating in Saint-Hyacinthe, works in the animal health sector. The business is positioning itself in an international market where the research and development of alternatives to traditional antibiotics is necessary. Its team of managers and scientists are focusing on the acquisition and development of technologies and collaborating with research and development experts to bring its solutions to the pre-commercialization stage.
An initial contribution of $500,000 has made it possible to cover external professional fees related to the certifications needed for technologies and scientific conferences, as well as professional fees related to the protection of intellectual property. The second contribution, in the amount of $300,000, has enabled EVAH Corp. to acquire and install laboratory and research equipment, including two collaborative robots, a biosafety cabinet, a spectrophotometer, a gel apparatus, as well as a centrifuge and ultracentrifuge.
The Government of Canada recognizes and supports innovative businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they are key assets in building a sustainable, inclusive economy.
Quotes
“Our government is committed to investing to ensure our SMEs remain competitive and innovative. Thanks to CED’s support, Laval’s EVAH Corp. has been able to cover professional fees and acquire and install laboratory and research equipment to continue to innovate in the life sciences field. We are here to assist workers and Quebec and Canadian SMEs by helping them equip themselves well to build a stronger, more resilient, more sustainable economy together.”
Annie Koutrakis, Member of Parliament for Vimy and Parliamentary Secretary to the Minister of Tourism and Minister responsible for CED
“Helping a business grow and innovate so it can share an important technology with those living in Canada is a priority for our government. That is why we are supporting this promising project by EVAH Corp., which recently opened its new scientific laboratories in Laval. Its success and the spin‑offs of its projects will be felt across the Greater Montréal region and throughout the Quebec and Canadian economy as a whole. I am delighted with our government’s assistance for this business and the impact EVAH Corp. will have on the animal health sector.”
The Honourable Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED
“We are grateful for the federal government’s support, which is enabling us to continue to innovate in the field of animal health. This new infrastructure in Laval marks an important step in EVAH Corp.’s growth and strengthens our ability to offer innovative solutions to meet the growing needs of the industry both in Canada and internationally.”
Michel Fortin, Co-founder and President and CEO, EVAH Corp.
Quick facts
The funding announced today has been granted under the Jobs and Growth Fund (JGF). This program targets businesses and economic organizations to help them prepare local economies for long‑term growth. This involves strategic investments in projects that will reduce Canada’s environmental impact and foster a green, resilient economy.
Funding has also been provided under CED’s Regional Growth through Innovation program. This program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
In Quebec, SMEs account for 99.7% of the province’s businesses and 50% of its GDP.
CED is the key federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
Associated links
Information
Media Relations Canada Economic Development for Quebec Regions media@dec-ced.gc.ca
Marie-Justine Torres Press Secretary Office of the Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions Cell: 613-327-5918 marie-justine.torresames@ised-isde.gc.ca
VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — The Harbourfront Group (“Harbourfront”) today announced its acquisition of Rothenberg Wealth Management (“Rothenberg”). This deal includes a registered investment dealer under the Canadian Investment Regulatory Organization (“CIRO”) and a guaranteed investment certificate dealer.
This latest acquisition brings Harbourfront’s approximate assets under administration (“AUA”) to CAD$8 billion and further expands the company’s presence in Québec and Alberta.
“We’re thrilled to announce Harbourfront’s acquisition of Rothenberg; we share a strong cultural alignment and believe our increased scale and offering will allow us to better serve the clients of our combined firm,” said Danny Popescu, Chief Executive Officer and Founder of Harbourfront. “Our national success in wealth management comes from Harbourfront’s commitment to client service and our partnership model for advisors. Acquisitions of high-quality firms like Rothenberg will continue building our momentum as a leader among independent wealth firms.”
As part of the transaction, Harbourfront is acquiring Rothenberg & Rothenberg Annuities, the firm’s life insurance and annuities company. Acquiring Rothenberg builds upon Harbourfront’s recent acquisition of Cornerstone Investment Counsel Ltd., completed in June 2024.
“Finding the best opportunities for our advisors and their clients is an essential part of our job; we strongly believe Harbourfront Wealth is the premier choice to grow together for many years to come,” said Robert Rothenberg, Chief Executive Officer of Rothenberg Wealth Management.
About Rothenberg Wealth Management Founded in 1986, Rothenberg is an independent Canadian employee-owned and client-focused investment firm, known for delivering holistic wealth planning and investment management serving thousands of Canadians from coast to coast, with offices in Montreal and Calgary. Learn more: http://www.rothenberg.ca.
About Harbourfront Wealth Management Founded in 2013, Harbourfront Wealth Management is an independent wealth advisory and investment management firm headquartered in Vancouver, British Columbia, and has a rapidly growing network of over 30 branches across Canada. The Harbourfront Group includes a registered securities dealer/investment advisory firm servicing established advisors and their high-net-worth clients, an investment fund manager that specializes in third party managed alternative investment funds, and a U.S. SEC registered investment advisory firm. Learn more: http://www.harbourfrontwealth.com.
Media Contact Andrea Magee, Communications Director Harbourfront Wealth Management amagee@harbourfrontwealth.com 778.200.5179