Category: Business

MIL-OSI Australia: ACT Budget 2025–26: Strengthening Access to Justice for Vulnerable Canberrans
Source: Northern Territory Police and Fire Services

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Released 18/06/2025

The ACT Government is investing over $15 million in practical, targeted justice initiatives to ensure vulnerable Canberrans can continue to access the legal services they need, when they need them.

The 2025–26 ACT Budget is supporting key legal assistance services, justice reform initiatives, and the growing need for responsive support for victims of crime, people on low income, women, First Nations peoples and culturally diverse communities.

Attorney-General Tara Cheyne said the Budget would strengthen frontline legal services and improve outcomes for people facing disadvantage, hardship or discrimination.

“We know that early access to the right legal advice can make a huge difference, especially for those facing complex barriers to justice,” Minister Cheyne said.

“This Budget delivers for the community. It supports culturally safe, accessible legal help, expands frontline capacity in our courts, and continues critical programs that put the needs of vulnerable people at the centre of the justice system.”

Key measures in the 2025–26 ACT Budget include:
- Appointment of a tenth Magistrate to the ACT Magistrates Court, to improve processing times and address growing demand in civil and criminal matters.
- Additional funding for the Office of the Director of Public Prosecutions’ Witness Assistance Scheme and to meet the increased demands of an expanded judiciary.
- Funding for legal assistance providers, including the Women’s Legal Centre, Canberra Community Law, the Aboriginal Legal Service, and CARE Financial Counselling.
- Investment in the ACT Human Rights Commission, to continue the Intermediary Program, which provides targeted services for vulnerable complainants, witnesses and accused persons in the criminal justice system.
- Funding will also support Legal Aid ACT’s services across a number of programs, including legal aid assistance grants, ensuring coordinated support across the legal system.
- Additional funding for the Victims Services Scheme and Financial Assistance Scheme administered by Victims Services ACT, to respond to growing demand and provide financial assistance and support for victims of crime.
- Implementation of a sexual assault advocate pilot program to support victims’ access to specialist services and conducting of investigations in a more victim-centric and trauma-informed way.
- Support for the ACT Government Solicitor’s Office to meet increased demand for legal advice under the Human Rights Act 2004, and to establish a new regulatory prosecution function that will strengthen enforcement and compliance across government.
- Funding to enhance the Coroner’s Court with increased resourcing to manage caseloads and support efficient and sensitive handling of matters that often involve vulnerable individuals and families.
Treasurer Chris Steel said the Government was investing in long-term justice capability while continuing to target the areas of greatest community need.

“The ACT has a proud record of social justice and legal inclusion. These investments ensure justice is not just a principle, but a lived reality for people who need support the most,” Minister Steel said.

“We’re taking a whole-of-system view, supporting frontline organisations, reforming service delivery, and improving our ability to respond to challenges through programs like the Intermediary Service and increased court capacity.”

This package builds on the ACT Government’s commitment to a fair, inclusive and accessible justice system, especially for people who experience disadvantage or barriers in engaging with legal processes.

“By building legal capability and ensuring services are culturally safe and responsive, we’re not only supporting individuals, we’re reducing the long-term burden on the justice system as a whole,” Minister Cheyne said.

– Statement ends –

Chris Steel, MLA | Tara Cheyne, MLA | Media Releases

«ACT Government Media Releases | «Minister Media Releases
MIL OSI News –
June 18, 2025
MIL-OSI: ArrowMark Financial Corp. Announces Q1 2025 Results and Cash Distribution of $0.45 per Share for the Second Quarter 2025

Source: GlobeNewswire (MIL-OSI)

DENVER, June 17, 2025 (GLOBE NEWSWIRE) — ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a cash distribution of $0.45 per share for the second quarter 2025. The total distribution of $0.45 per share will be payable on June 27, 2025 to shareholders of record on June 23, 2025.

“We are very pleased to announce the net income for Q1 2025 was $0.58 per share, well in excess of the quarterly distribution amount of $0.45 per share. Over the past four years, the Fund has consistently over-earned its quarterly distribution rate. This has allowed the Fund to deliver on its objective to provide shareholders with consistent income,” said Chairman & CEO Sanjai Bhonsle.

About ArrowMark Financial Corp.

ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. The Fund pursues its objective by investing primarily in regulatory capital securities of financial institutions. ArrowMark Financial is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com or contact the Fund’s secondary market service agent at 877-855-3434.

Disclaimer and Risk Factors:

There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results.

The Annual Report, Semi-Annual Report and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on the Fund’s website at ir.arrowmarkfinancialcorp.com.

Contact:

BANX@destracapital.com

Destra Capital Advisors LLC (877) 855-3434
Destra Capital Advisors LLC provides secondary market services for the Fund by agreement.

The MIL Network –

June 18, 2025
MIL-OSI: Prospect Park Announces Private Placement Closing

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) — Prospect Park Capital Corp. (the “Company”) is pleased to announce the closing of a non-brokered private placement (the “Offering”) of common shares (each, a “Common Share”) for gross proceeds of $165,000 through the issuance of 165,000,000 Common Shares at a price of $0.001 per share. The Company intends to use the net proceeds of the Offering for operational, general and administrative purposes. The Common Shares issued pursuant to the Offering are subject to a four-month hold in accordance with applicable Canadian securities law.

Three of the four directors of the Company participated in the Offering accordingly such transactions are each a “related ‎party transaction” as ‎defined under Multilateral Instrument 61-101 ‎‎(“MI 61-‎‎101”). The transactions were exempt from the formal ‎valuation ‎requirements of MI 61-101 since none ‎of the securities of the Company are listed on a stock ‎exchange specified in ‎section 5.5(b) thereof, and from the minority ‎shareholder approval requirements ‎of MI 61-101 pursuant to 5.7(1)(b) and/or 5.7(1)(e) of MI 61-101.‎

The Company’s board of directors now consists of four individuals, namely, James Greig, Toby Pierce, Alla Krutous and Ivan Riabov, and the Company’s audit committee now consists of James Greig, Toby Pierce, and Alla Krutous. Mr. Riabov is now the Chief Financial Officer. The board wishes to thank former director Anthony Zelen and former Chief Financial Officer Malcolm Davidson for their efforts over the last few challenging years and wishes them success in their future opportunities.

The Company also announces that effective June 3, 2025, it has, in accordance with regulatory requirements, appointed Horizon Assurance LLP as its auditor henceforth. The Company thanks DNTW Toronto LLP for their past professional service and support. In accordance with National Instrument 51-102, a notice of change of auditor, together with the required letters from the successor auditor and the former auditor have been filed on SEDAR+ (www.sedarplus.com).

In addition, the Company has called an annual general and special shareholders’ meeting (the “Meeting”) for July 21, 2025. At the Meeting, amongst other things, management of the Company will be seeking shareholder approval for a share consolidation; confirmation of an amended and restated By-Law No. 1; and approval of a new equity incentive plan. Additional information relating to the matters to be conducted at the Meeting will be included in the management information circular of the Company which will be available under the Company’s profile on SEDAR+ prior to the Meeting.

For more information please contact: James Greig

Chief Executive Officer

Prospect Park Capital Corp.

Tel: (778) 788-2745

The MIL Network –

June 18, 2025
MIL-OSI: Kroll Bond Rating Agency Revises Dime Community Bancshares, Inc.’s Ratings Outlook from “Stable” to “Positive”

Source: GlobeNewswire (MIL-OSI)

HAUPPAUGE, N.Y., June 17, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced that Kroll Bond Rating Agency (“KBRA”), in a report dated June 17, 2025, revised its ratings outlook from “Stable” to “Positive.” Kroll’s deposit and senior unsecured debt rating for Dime Community Bank is BBB+.

According to the KBRA report, the revision of the Outlook to “Positive” primarily reflects the strong execution of strategic initiatives in recent years, particularly capitalizing on disruption and dislocation across the Company’s footprint following area bank failures in 2023. A key success has been the onboarding of deposit-focused teams, which has significantly improved the liquidity and funding profile, with the Company now outperforming peers on most key metrics.

Over the past two years, Dime has added $2 billion in core deposits, with a healthy DDA mix which has contributed to lower deposit costs than most KBRA-rated peers. The inflow of liquidity has also enabled a meaningful reduction in wholesale funding and supported the loan diversification growth efforts.

KBRA noted that Dime’s ratings are also supported by its long-standing outperformance in credit quality, demonstrated across multiple cycles. Since the onset of the global financial crisis, the Company’s NCO ratio has averaged 15 bps, highlighting its disciplined credit culture. Dime has reported a minimal level of problem loans, well-contained NCOs and improving risk ratings.

Stuart H. Lubow, President and Chief Executive Officer, stated, “KBRA has recognized the progress we have made in creating a high-quality balance sheet. As we continue to execute on our growth plan, we are pleased to see our ratings outlook revised to Positive.”

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island ⁽¹⁾.

Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com

¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

The MIL Network –

June 18, 2025

MIL-OSI: Diversified Royalty Corp. Announces Acquisition of US-Based Cheba Hut Franchising, Inc.’s Trademarks, a 10% Dividend Increase, and an Increase in Size of its Acquisition Facility

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has acquired the trademarks and certain other intellectual property used by Cheba Hut Franchising, Inc. (“Cheba Hut”) of Fort Collins, Colorado, adding a ninth royalty stream (and the second based in the United States) to DIV’s portfolio. All dollar amounts in this news release, unless specifically denominated in U.S. dollars, are represented in Canadian dollars.

Highlights

Acquisition of Cheba Hut’s worldwide trademark portfolio and certain other intellectual property rights for US$36 million and certain additional consideration
Initial annual royalty revenue from Cheba Hut of US$4 million, representing approximately 7% of DIV’s pro-forma adjusted revenue¹
The royalty grows at a fixed rate equal to the greater of 3.5% and the U.S. Consumer Price Index (“U.S. CPI”) + 1.5% per year
Annual dividend on DIV’s common shares to be increased 10% from 25 cents per share to 27.5 cents per share, effective July 1, 2025
DIV’s strong balance sheet enabled it to fund the Transaction without the need to raise equity

1. Pro-forma adjusted revenue is a non-IFRS financial measure and as such, does not have a standardized meaning under IFRS. For additional information, refer to “Non-IFRS Measures” in this news release.

Acquisition Overview

DIV and its wholly-owned subsidiary Cheeb Royalties Limited Partnership (“Cheeb LP”) entered into an acquisition agreement dated June 17, 2025 (the “Acquisition Agreement”) with Cheba Hut and an affiliate of Cheba Hut pursuant to which Cheeb LP acquired (the “Acquisition”) Cheba Hut’s worldwide trademarks portfolio and certain other intellectual property rights utilized by Cheba Hut in its fast casual, toasted sub sandwich restaurants (the “Cheba Rights”) for a purchase price (the “Purchase Price”), of US$36 million cash. The Purchase Price was funded with (i) approximately US$18 million drawn from DIV’s amended acquisition facility (further details below) (the “Acquisition Facility”), (ii) approximately US$8 million from DIV’s cash on hand, (iii) US$5 million drawn from a new senior credit facility issued to Cheeb LP (the “Cheeb Credit Facility”), and (iv) US$5 million drawn from a new senior term credit facility issued to DIV (the “Additional Term Facility”).

Immediately following the closing of the Acquisition, DIV licensed the Cheba Rights in the United States back to Cheba Hut for 50 years, in exchange for an initial royalty payment of US$4 million per annum (the “Royalty” and together with the Acquisition, the “Transaction”). The Royalty will be automatically increased at a rate equal to the greater of 3.5% and the U.S. CPI + 1.5% per year without any further consideration payable by DIV or Cheeb LP. Cheba Hut may also increase the annual royalty payable on April 1^st of each year following the closing (each an “Adjustment Date”) subject to Cheba Hut satisfying certain royalty coverage tests. The amount of each royalty increase cannot be less than US$500,000 per annum and must, in respect of amounts over that threshold, be in increments of US$100,000 per annum. In consideration for a royalty increase on an Adjustment Date, Cheeb LP will pay an amount to Cheba Hut in cash, based on a multiple between 7 and 8 times (depending on certain conditions being met) the incremental annual royalty purchased, as additional consideration for the Cheba Rights.

Payment of the Royalty will be secured by a general security agreement granted by Cheba Hut to Cheeb LP, and by secured corporate guarantees to be granted to Cheeb LP by several affiliates of Cheba Hut.

The Acquisition is expected to increase DIV’s tax pools by approximately $51 million to a total of approximately $424 million, which can be depreciated over time to reduce DIV’s cash taxes. Amounts paid for incremental annual royalties will also increase DIV’s tax pools.

Founded in 1998, Cheba Hut has 77 fast casual, toasted sub sandwich restaurants in the US. All of Cheba Hut’s locations are franchised, except for two corporate stores and substantially all future growth is currently expected to result from opening additional franchised locations. Cheba Hut had US$149 million of system sales² and SSSG² of 5% in 2024. Cheba Hut is forecasting over US$187 million in system sales² in the fiscal year ended December 31, 2025.

2. System sales and same store sales growth (SSSG) are supplementary financial measures and as such, do not have standardized meanings under IFRS. For additional information, refer to “Non-IFRS Measures” in this news release.

Sean Morrison, Chief Executive Officer of DIV, stated, “The Cheba Hut trademark acquisition and royalty agreement adds a ninth royalty stream to DIV’s portfolio, representing approximately 7% of DIV’s pro-forma adjusted revenue³ and is another step in our strategy of purchasing royalties from a diverse group of proven multi-location businesses and franchisors. We believe Cheba Hut’s impressive track record of growth is a result of its strong store-level economics, quality of its franchisees and experience of its management team. Scott Jennings, the founder of Cheba Hut, and his management team represent a great partner for DIV, as they strongly believe in the continued success of Cheba Hut over the long term and therefore partnering with DIV was far superior to selling equity ownership. We look forward to working with Scott and Cheba Hut’s management team to continue expanding the business across the U.S.

DIV has worked to promote its royalty model in the U.S. market and now, with its second US-based royalty transaction, is building significant momentum in that market. Such continued momentum in the U.S. franchisor market will become significant to DIV as it scales its business going forward.

Further, DIV’s strong balance sheet (cash on hand, under-levered existing royalty LP’s, an unused acquisition facility) enabled it to fund the Transaction without the need to raise equity. DIV’s less than 100% payout ratio⁴, automated DRIP program and ability to refinance existing LP’s will enable it to substantially pay down the acquisition facility within 12 months. This is a game-changer for DIV as all prior trademarks acquisitions have been funded concurrently, or shortly thereafter, with a sizeable equity raise.”

Scott Jennings, stated, “DIV understands and believes that leaving us in control of our company keeps us in the best position to sustain our controlled growth. In addition, we can continue to take care of our product, partners, crew, and most importantly our CUSTOMERS the way we have for the last 27 years. We thank DIV for believing in Cheba Hut and helping us stay in excellent position to keep our soul intact for the next 50 years and beyond!!!”

3. Pro-forma adjusted revenue is a non-IFRS financial measure, and as such, does not have a standardized meaning under IFRS. For additional information, refer to “Non-IFRS Measures” in this news release.

Amendment to Acquisition Facility

DIV amended its Acquisition Facility to increase the size from $50 million to $70 million and extend the maturity date to May 30, 2027, and thereafter to June 17, 2028 (if certain conditions are met).

DIV and Cheeb LP Credit Facilities

Cheeb LP financed US$5 million of the Purchase Price with new bank debt having a term of three years from closing. The Cheeb Credit Facility is non-amortizing and has a floating interest rate equal to SOFR + 2.5% per annum; however, DIV will have 90 days following closing to effectively fix the interest rate on 75% of the amount borrowed under this facility through an interest rate swap. The Cheeb Credit Facility is secured by the Cheba Rights and the Royalty payable by Cheba Hut, and has covenants customary for this type of a credit facility.

DIV financed approximately US$18 million of the Purchase Price from the Acquisition Facility as amended and described above. The approximately US$18 million drawn on the Acquisition Facility is interest-only for twelve months and thereafter amortizes over a 60-month period. In connection with the Transaction, DIV financed US$5 million of the Purchase Price from an Additional Term Facility of US$5 million with a term of approximately 18 months. The Additional Term Facility is non-amortizing and has a floating interest rate based on SOFR plus a spread based on prevailing market rates. The Additional Term Facility is secured by a general security interest over the assets of the Corporation and, if requested by the lender, may be secured by specific assignments of certain material agreements entered into by the Corporation from time to time, and has covenants customary for this type of credit facility. DIV intends to pay down the Acquisition Facility through a combination of cash flows, debt refinancings and/or capital markets transactions.

Dividend Policy Increase

DIV’s board of directors has approved an increase in DIV’s dividend policy to increase its annualized dividend from 25.0 cents per share to 27.5 cents per share effective July 1, 2025, an increase of 10%. DIV estimates its pro-forma payout ratio⁴ will be approximately 94.9% (pro-forma payout ratio, net of DRIP is approximately 83.0%)⁴.

4. Pro-forma payout ratio and pro-forma payout ratio, net of DRIP are non-IFRS ratios, and as such, do not have standardized meanings under IFRS. For additional information, refer to “Non-IFRS Measures” in this news release.

Investor Conference Call

Management of DIV will host a conference call on Wednesday, June 18, 2025, at 7:00 am Pacific Time (10:00 am Eastern Time). To participate by telephone across Canada, call toll free at 1 (800) 717-1738 or 1 (289) 514-5100 (conference ID 02753). The presentation will be followed by a question-and-answer session. An archived telephone recording of the call will be available until Wednesday, September 17, 2025, by calling 1 (888) 660-6264 or 1 (289) 819-1325 (playback passcode: 02753 #). The management presentation for the conference call will be available on DIV’s website https://www.diversifiedroyaltycorp.com/investors/investor-presentation/ prior to the call. Alternatively, the link to the webcast of the conference can be found below:

https://onlinexperiences.com/Launch/QReg/ShowUUID=AE82A2E9-8F95-4F22-BF7D-3DF54A94A39D

About Diversified Royalty Corp.

DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito and Cheba Hut trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada. Cheba Hut is a fast casual toasted sub sandwich franchise with locations across 19 U.S. states.

DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

Forward Looking Statements

Certain statements contained in this news release may constitute “forward-looking information” or “financial outlook” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information or financial outlook. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information or financial outlook in this news release includes, but are not limited to, statements made in relation to: the increase in DIV’s annual dividend; statements related to the expected tax implications of the Acquisition on DIV; substantially all future growth for Cheba Hut is currently expected to result from opening additional franchised locations; Cheba Hut’s forecasted system sales in the fiscal year ended December 31, 2025; the expected financial impact of the Transaction on DIV, including on its pro-forma payout ratio, pro-forma payout ratio, net of DRIP and pro-forma adjusted revenue; DIV intends to pay down the Acquisition Facility through a combination of cash flows, debt refinancings and/or capital markets transactions; the continued expansion in the U.S. franchisor market and the expected effect on DIV and its business; DIV’s intention to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time; and DIV’s corporate objectives. The forward-looking information and financial outlook contained herein involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied therein. DIV believes that the expectations reflected in the forward-looking information and financial-outlook are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will realize the expected benefits of the Transaction, or that it will be accretive; the actual tax implications of the Acquisition and the Transaction on DIV will be consistent with the tax implications expected by DIV; Cheba Hut will pay the Royalty and otherwise comply with its obligations under the agreements governing the Transaction; Cheba Hut will not be adversely affected by the other risks facing its business; DIV may not complete any further royalty acquisitions; DIV may not increase its dividend in accordance with the currently expected timing or amounts; DIV will be able to make monthly dividend payments to the holders of the DIV common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information and financial outlook included in this news release are not guarantees of future performance, and such forward-looking information and financial outlook should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 24, 2025 and the “Risk Factors” section of its management’s discussion and analysis for the three months ended March 31, 2025 that are available under DIV’s profile on SEDAR+ at www.sedarplus.ca.

In formulating the forward-looking statements contained herein, management has assumed that, among other things, Cheba Hut will be successful in meeting its stated corporate objectives, including its growth targets; DIV will realize the expected benefits of the Transaction; the Cheba Hut business will not suffer any material adverse effect; the actual tax implications of the Acquisition, the Transaction and the payment of the Royalty will be consistent with the tax implications expected by DIV; and the business and economic conditions affecting DIV and Cheba Hut will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

To the extent any forward-looking information in this news release constitute a “financial outlook” within the meaning of applicable securities laws, such information is being provided to assist investors in understanding the potential financial impact of the Transaction, the Cheeb Credit Facility, the Additional Term Facility and the dividend increase and may not appropriate for other purposes.

All of the forward-looking information and financial outlook disclosed in this news release is qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments contemplated thereby will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV contemplated by such forward-looking information and financial outlook contained herein. The forward-looking information and financial outlook included in this news release is made as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

Non-IFRS Measures

Management believes that disclosing certain non-IFRS financial measures, non-IFRS ratios and supplementary financial measures provides readers with important information regarding the Corporation’s financial performance and its ability to pay dividends, the performance of its royalty partners and the financial impacts to DIV of the Transaction. By considering these measures in combination with the most closely comparable IFRS measure, management believes that investors are provided with additional and more useful information about the Corporation, its royalty partners and the Transaction than investors would have if they simply considered IFRS measures alone. The non-IFRS financial measures, non-IFRS ratios and supplementary financial measures used in this news release do not have standardized meanings prescribed by IFRS and therefore are unlikely to be comparable to similar measures presented by other issuers. Investors are cautioned that non-IFRS financial measures should not be construed as a substitute or an alternative to net income or cash flows from operating activities as determined in accordance with IFRS.

The non-IFRS financial measure used in this news release is pro-forma adjusted revenue, which includes as components the following non-IFRS financial measures: DIV royalty entitlement, adjusted revenue and run-rate adjusted revenue. Run-rate adjusted revenue is calculated as the sum of DIV’s adjusted revenue for each of the three months ended December 31, 2024 and March 31, 2025, multiplied by two for purposes of annualizing such amount, plus the amount of Mr. Lube’s roll-in of royalties from 5 net new store locations on May 1, 2025. Pro-forma adjusted revenue is calculated as the run-rate adjusted revenue plus the amount of the initial adjusted revenue contribution payable by Cheba Hut. DIV management believes run-rate adjusted revenue provides useful information as it provides supplemental information regarding DIV’s consolidated revenues, and pro-forma adjusted revenue provides useful information as it provides supplemental information regarding DIV’s consolidated revenues after giving effect to the Transaction. For an explanation of the composition of DIV royalty entitlement and adjusted revenue, including a reconciliation to the most directly comparable IFRS measure, see the disclosure under the heading “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in DIV’s management discussion and analysis for the three months and year ended December 31, 2024 and three months ended March 31, 2025, copies of which are available under DIV’s profile on SEDAR+ at www.sedarplus.ca, which is incorporated by reference herein.

The following table reconciles revenue for the three months ended December 31, 2024 and March 31, 2025 to pro-forma adjusted revenue and run-rate adjusted revenue:

(Cdn$000’s)	(a) Q4 2024	(b) Q1 2025	=(a+b) x 2 Annualized
Revenues	17,032	15,639	65,342
DIV royalty entitlement	1,320	1,329	5,298
Adjusted revenue	18,352	16,968	70,640

Adjustment:
Mr. Lube roll-in – May 1, 2025⁽¹⁾			668
Run-rate adjusted revenue			71,308

Cheba Hut contribution⁽²⁾			5,600
Pro-forma adjusted revenue			76,908

1) Adjustment for Mr. Lube’s roll-in of royalties from 5 net new store locations on May 1, 2025, assuming incremental annual net system sales (system sales is a non-IFRS supplementary measure and as such, does not have a standardized meaning under IFRS – see the disclosure under the heading “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in DIV’s management discussion and analysis for the three months and year ended December 31, 2024 and three months ended March 31, 2025) of $8.4 million, multiplied by 7.95% royalty rate

2) Cheba Hut contribution is calculated as the initial adjusted revenue contribution of USD$4,000,000 payable by Cheba Hut, multiplied by a USD to CAD exchange rate of $1.4:1

The non-IFRS ratios used in this news release are pro-forma payout ratio and pro-forma payout ratio, net of DRIP, which include as components the following non-IFRS financial measures: EBITDA, normalized EBITDA, distributable cash, run-rate distributable cash, pro-forma distributable cash, pro-forma dividends declared and DIV royalty entitlement net of NND Royalties LP expenses. Run-rate distributable cash is calculated as the sum of DIV’s distributable cash for each of the three months ended December 31, 2024 and March 31, 2025, multiplied by two for purposes of annualizing such amount, plus the after-tax amount of Mr. Lube’s roll-in of royalties from 5 net new store locations on May 1, 2025, less adjustments for interest income and current tax. Pro-forma distributable cash is calculated as run-rate distributable cash plus the amount of the initial adjusted revenue contribution payable by Cheba Hut, less incremental operating expenses, interest expenses and taxes. DIV management believes run-rate distributable cash provides useful information as it provides supplemental information regarding DIV’s ability to generate cash available for payment of dividends after adjusting for non-recurring expenses and pro-forma distributable cash provides useful information as it provides supplemental information regarding DIV’s ability to generate cash available for payment of dividends after giving effect to the Transaction. Pro-forma dividends declared is calculated as DIV’s new annualized dividend of $0.275 per share multiplied by the number of DIV common shares issued and outstanding as of March 31, 2025. Pro-forma dividends declared is used to calculate the pro-forma payout ratio, and thus management believes that it provides useful information as to DIV’s expected future aggregate annualized dividend payments. Pro-forma payout ratio is calculated as pro-forma dividends declared divided by pro-forma distributable cash. Pro-forma payout ratio, net of DRIP is calculated as the difference of (X) pro-forma dividends declared less (Y) dividends paid by DIV in the form of DIV common shares issued under DIV’s dividend reinvestment plan (“DRIP”) at an estimated participation rate of 12.5%, divided by pro-forma distributable cash. For an explanation of the composition of EBITDA, normalized EBITDA, distributable cash and DIV royalty entitlement net of NND Royalties LP expenses, including a reconciliation to the most directly comparable IFRS measure, see the disclosure under the heading “Description of Non-IFRS Financial Measures, Non-IFRS Ratios and Supplementary Financial Measures” in DIV’s management discussion and analysis for the three months and year ended December 31, 2024 and three months ended March 31, 2025, copies of which are available under DIV’s profile on SEDAR+ at www.sedarplus.ca, which is incorporated by reference herein. DIV management believes that (i) pro-forma payout ratio provides useful information as it provides supplemental information regarding DIV’s ability to generate cash to pay dividends following the completion of the Transaction and the increase to the dividend, and (ii) pro-forma payout ratio, net of DRIP provides useful information as it provides supplemental information regarding DIV’s ability to generate cash to pay dividends following the completion of the Transaction and the increase to the dividend after adjusting for dividends paid by DIV in the form of DIV common shares issued under the DRIP.

The following table reconciles net income for the three months ended December 31, 2024 and March 31, 2025, to run-rate distributable cash and pro-forma distributable cash and illustrates the calculation of pro-forma payout ratio and pro-forma payout ratio, net of DRIP:

(Cdn$000’s)	(a) Q4 2024	(b) Q1 2025	=(a+b) x 2 Annualized
Net income	4,015	7,993	24,016

Interest expense on credit facilities	3,368	3,150	13,036
Income tax expense	1,653	2,997	9,300
Depreciation expense	25	24	98
EBITDA	9,061	14,164	46,450

Adjustments:
Share-based compensation	645	368	2,026
Other finance costs, net	(2,044)	995	(2,098)
Fair value adjustment on financial instruments	15	(904)	(1,778)
Payment of lease obligations	(28)	(28)	(112)
DIV royalty entitlement net of NND Royalties LP expenses	1,314	1,325	5,278
Impairment loss	8,204	–	16,408
Normalized EBITDA	17,167	15,920	66,174
Add: interest income	139	135	548
Less: Distributions on exchangeable MRM units	(34)	(48)	(164)
Less: current tax expense	(1,301)	(1,719)	(6,040)
Less: interest expense on credit facilities	(3,368)	(3,150)	(13,036)
Distributable cash	12,603	11,138	47,482

Adjustment:
Mr. Lube roll-in – May 1, 2025, net of taxes⁽¹⁾			487
Interest income adjustment			(493)
Current tax adjustment			(2,000)
Run-rate distributable cash			45,476
Cheba Hut distributable cash contribution⁽²⁾			3,075
Pro-forma distributable cash			48,551

Pro-forma dividends declared⁽³⁾			46,081
Pro-forma payout ratio			94.9%

Pro-forma dividends declared, net of DRIP⁽⁴⁾			40,321
Pro-forma payout ratio, net of DRIP			83.0%

2) Cheba Hut contribution is calculated as the initial adjusted revenue contribution of USD$4,000,000, multiplied by a USD to CAD exchange rate of $1.4:1, less incremental operating expenses of $50,000, interest expense of $1,890,000 and taxes of $586,000

3) Calculated as the number of DIV common shares issued and outstanding as of March 31, 2025 (167,567,468) multiplied by the new annualized dividend of $0.275 per share

4) Calculated as pro-forma dividends declared, multiplied by 1 minus the effective DRIP rate of 12.5%

System Sales is a supplementary financial measure and is a reference to the top-line sales revenue reported to Cheba Hut by all Cheba Hut franchisees. System sales is a supplementary financial measure and does not have a standardized meaning prescribed by IFRS. The Corporation believes system sales is a useful measure as it provides investors with an indication of performance of the franchisees underlying Cheba Hut’s business.

Same store sales growth or SSSG is a supplementary financial measure and is a reference to the percentage increase in system sales over the prior comparable period for Cheba Hut locations that were in operation in both the current and prior periods, excluding stores that were permanently closed. The Corporation believes that SSSG is a useful measure as it provides investors with an indication of the change in year-over-year sales of Cheba Hut locations.

Third Party Information

This news release includes information obtained from third party reports and other publicly available sources as well as financial statements and other reports provided to DIV by its royalty partners and Cheba Hut. Although DIV believes these sources to be generally reliable, such information cannot be verified with complete certainty. Accordingly, the accuracy and completeness of this information is not guaranteed. DIV has not independently verified any of the information from third party sources referred to in this news release nor ascertained the underlying assumptions relied upon by such sources.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

Additional Information

Additional information relating to the Corporation and other public filings, is available on SEDAR+ at www.sedarplus.ca.

Contact:
Sean Morrison, President and Chief Executive Officer
Diversified Royalty Corp.
(236) 521-8470

Greg Gutmanis, Chief Financial Officer and VP Acquisitions
Diversified Royalty Corp.
(236) 521-8471

The MIL Network –

June 18, 2025

MIL-OSI: Slide Insurance Holdings, Inc. Announces Pricing of Upsized Initial Public Offering

Source: GlobeNewswire (MIL-OSI)

TAMPA, Fla., June 17, 2025 (GLOBE NEWSWIRE) — Slide Insurance Holdings, Inc. (“Slide”) announced today the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01 (the “common stock”) at a public offering price of $17.00 per share. Slide is offering 16,666,667 shares and certain selling stockholders are offering 7,333,333 shares of common stock in the offering. In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 3,600,000 shares of common stock at the public offering price, less underwriting discounts and commissions. Slide will not receive any proceeds from the sale of the shares by the selling stockholders. The shares of common stock are expected to begin trading on the Nasdaq Global Select Market on June 18, 2025 under the symbol “SLDE”.

The closing of the offering is expected to occur on June 20, 2025, subject to the satisfaction of customary closing conditions.

Barclays and Morgan Stanley are acting as joint book-running managers for the proposed offering. Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Piper Sandler are acting as co-managers for the proposed offering.

A registration statement on Form S-1 relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on June 17, 2025. The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (or by email at barclaysprospectus@broadridge.com or telephone at 1-888-603-5847) or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended, and otherwise in accordance with applicable securities laws in any other jurisdiction.

About Slide

Slide is a technology-enabled insurance company that makes it easy for homeowners to choose the right coverage for their unique needs and budgets. Slide’s cutting-edge technology leverages artificial intelligence and big data to optimize and streamline every part of the insurance process. Based in Tampa, FL, Slide was founded by Bruce and Shannon Lucas, insurance insiders with a deep understanding of how technology can be applied to achieve better underwriting outcomes.

Contacts

Media
Rachel Carr
Chief Marketing Officer
press@slideinsurance.com

Investors
ir@slideinsurance.com

The MIL Network –

June 18, 2025

MIL-OSI: Carbon Streaming Announces Corporate Update and Legend Removal Process for All U.S. Investors From the 2021 Financings

Source: GlobeNewswire (MIL-OSI)

TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today provides a corporate update and announces legend removal process for all U.S. investors from the 2021 Financings (as defined below).

Highlights:

Restrictive Legend Removal: The Company has finalized the process to offer qualifying U.S. investors who participated in the 2021 Financings (as defined below) the opportunity to remove the restrictive legend on share certificates at no cost to the investor. This legend on the share certificates renders the securities “restricted securities” as defined in Rule 144 of the Securities Act of 1933 and restricts these investors from selling stock.
Cash Conservation Update: In February 2025, the Company converted US$18.0 million to Canadian dollars at an exchange rate of 1.42. Since then, the US dollar to Canadian dollar exchange rate has decreased to 1.36 as of June 16, 2025, resulting in a foreign exchange gain of approximately US$0.8 million on that portion of the cash. The Company currently holds US$37.0 million (C$50.3 million) in cash, remains debt-free, and has no outstanding legal payables.
Credit Portfolio Update: The Company currently holds 532,720 carbon credits from cookstove projects and 18,990 carbon credits from water purification projects under the Community Carbon Stream. A breakdown of credit vintage, project ID and registry information is provided below.
Notice of Arbitration: The Company has filed a Notice of Arbitration in Ontario against Will Solutions Inc.
AGM Reminder: The Company’s Annual General Meeting (the “AGM”) of holders of common shares of the Company (“Common Shares”) will be held on June 18^th, 2025, at 9:30 a.m. (Vancouver time), at the offices of Farris LLP, 25^th Floor, 700 W Georgia Street, Vancouver, British Columbia, Canada.

Restrictive Legend Removal:

The Company has finalized the process to offer qualifying U.S. investors who participated in the 2021 Financings (defined below) the opportunity to remove the restrictive legend from their share certificates—or from book-entry shares, as applicable—without the need for the shareholder to pay for a legal opinion, regardless of whether a particular shareholder intends to sell or actually sells the shares into the public market. This service is being provided at no cost to all qualifying investors. This legend on the share certificates renders the securities “restricted securities” as defined in Rule 144 of the Securities Act of 1933 and restricts these investors from selling stock.

The blanket opinion provides that the removal of the restrictive legend is now permissible under Section 4(a)(1) of the Securities Act of 1933.

While removing the legend is permissible, it is not required. Shareholders are not required to take any action if they prefer to keep the restrictive legend in place.

Marin Katusa, CEO of the Company, stated “The vast majority of the capital raised for Carbon Streaming came from the financings throughout the 2021 calendar year. Since those financings in 2021, over 700 U.S. residents who invested in those financings have been unable to deposit their shares into a brokerage firm or freely sell those shares because of the restrictive legend that is applied to U.S. investors investing in private placements.

The typical process to remove a restrictive legend is done on a one-off basis, meaning each U.S resident must complete the removal of the restrictive legend on their own. This is the first time a publicly listed Canadian company, such that we are aware, has offered the removal of the restrictive legend through a digitalized process applicable to a large group of U.S. investors (over 700 shareholders at the same time) to simplify and expediate the process of removing the restrictive U.S. legend.

We approached DealMaker in early 2025 with the concept to digitalize the legend removal process for the U.S. investors. The Company worked with DealMaker on the 2021 Financings where all subscription forms were digitalized and the funding process was completed.

I am especially proud of the innovation of this potential solution to U.S. legend removals, as it will ultimately cost less than 5% of the quotes the Company initially received to obtain a global opinion letter for the removal the U.S. restrictive legend through the traditional process. In addition, DealMaker has agreed to not charge for their services.”

Eligibility for Blanket Removal

Holders of Common Shares are eligible if they are US residents, non affiliates and acquired the Common Shares pursuant to:

that certain private placement of special warrants issued on July 20, 2021,
that certain private placement of Common Shares issued on March 11, 2021,
that certain private placement of Common Shares issued on May 12, 2021,
that certain private placement of Common Share issued on January 27, 2021,
that certain private placement of units, with each unit consisting of one Common Share and one share purchase warrant to purchase one Common Share, issued on December 22, 2020, and
that certain private placement of units, with each unit consisting of one Common Share and one share purchase warrant to purchase one Common Share, issued on December 16, 2020.

(collectively, the “2021 Financings”)

Timing and Process to Participate in Blanket Removal

Holders who are eligible will receive an email from DealMaker on or about June 23, 2025 with instructions on how to participate.

If you are a U.S. investor and do not want to register your shares into a brokerage account or sell your shares, then no action is required. This service is being offered by the Company to U.S. investors who acquired their shares in the 2021 Financings, are not affiliates and who have the restrictive legend on their share certificates—or book-entry shares, as applicable and wish to deposit them in a brokerage account or sell their shares in the public market.

Marin Katusa, CEO, further added: “DealMaker handled the 2021 Financings for the Company which included the digitalizing subscription forms and managing the subscription wires from the investors in a professional, efficient and low-cost manner. We strongly believe that this innovative solution we have created with DealMaker to remove the U.S. restrictive legends will be equally successful. We are grateful for DealMaker’s innovative approach and commitment to excellence, which continues to streamline our investor communications and elevate the overall experience for our shareholders.”

Cash Conservation

As of June 16, 2025, the Company has US$37.0 million in cash (C$50.3 million), remains debt-free, and has no outstanding legal payables. With cash generated from the sale of carbon credits held by the Company, interest earned on the Company’s cash balance, and substantial reductions in operating expenses to date, the Company expects a significant improvement in operating cash flow in 2025 when compared to previous years. The Company currently has three full-time employees and a part-time CFO, with a combined annual base compensation of approximately US$0.5 million, while the CEO and Board of Directors are not collecting any salaries, fees, nor equity-based compensation of any kind.

Carbon credits held by the Company as of June 16, 2025


Project	Registry	Project ID	Vintage	Credits available for sale
Uganda cookstove project	Gold Standard	GS12119	2022	53,801
		GS10967	2023	129,383
		GS12119	2023	199,340
		GS12120	2023	41,514
		GS12120	2024	15,432
				439,470
Uganda household safe water project	Gold Standard	GS10968	2022	38
		GS10968	2023	14,373
				14,411
Tanzania cookstove project	Verra	VCS2676	2022	27,492
		VCS2676	2023	60,788
				88,280
Mozambique cookstove project	Gold Standard	GS11211	2022	1,401
	Gold Standard	GS12638	2023	3
	Gold Standard	GS12638	2024	296
	Gold Standard	GS11211	2024	3,270
				4,970
Malawi household safe water project	Gold Standard	GS11245	2022	988
	Gold Standard	GS11245	2023	3,310
	Gold Standard	GS11245	2024	281
				4,579

The Company has been in discussions with several different parties regarding the sale of its existing carbon credits. While current market pricing for cookstoves remains weak, the Company continues to advance its marketing efforts. A new initiative by the Company leverages AI-driven analysis of public disclosures to identify active buyers of environmental attributes. This effort is helping the Company more effectively target potential buyers for its current credit inventory, without incurring additional cost.

Notice of Arbitration – Will Solutions.

On June 16, 2025, the Company delivered a written Notice of Arbitration in Ontario to Will Solutions Inc. and the ADR Chambers. As previously disclosed, in the third quarter of 2024, the Company exercised its contractual rights to terminate the purchase sale agreement dated June 20, 2022 with Will Solutions Inc. (the “Sustainable Community Stream”) as a result of, among other things, the failure of Will Solutions Inc. to meet its milestone related to the registration of its Ontario project and its failure to develop and implement the project in accordance with the project plan (including continued delays in project development activities and lower-than-expected project enrollments). The Company has advanced $4.0 million of the upfront deposit to Will Solutions Inc. under the Sustainable Community Stream. The Company will continue to pursue all of its rights and interests.

2025 Annual General Meeting

The Company’s AGM will be held on June 18^th, 2025, at 9:30 a.m. (Vancouver time), at the offices of Farris LLP, 25^th Floor, 700 W Georgia Street, Vancouver, British Columbia, Canada.

About Carbon Streaming

Carbon Streaming’s focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential.

ON BEHALF OF THE COMPANY:
Marin Katusa, Chief Executive Officer
Tel: 365.607.6095
info@carbonstreaming.com
www.carbonstreaming.com

Investor Relations
investors@carbonstreaming.com

Media
media@carbonstreaming.com

Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) within the meaning of applicable securities laws. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking information, including, without limitation, the impact of the Company’s restructuring strategies, including evaluation of strategic alternatives; the ability of the Company to execute on expense reductions and savings from operating cost reduction measures; statements with respect to cash conservation; its sales strategy; supporting the Company’s carbon streaming and royalty partners; statements with respect to the eligibility, timing, process and completion of restrictive legend removal; statements with respect to the expected improvement in operating cash flow in 2025 when compared to previous years; statements with respect to the effectiveness and cost of AI-driven analysis of public disclosures to identify active buyers of environmental attributes; statements regarding the Company’s intention to pursue all of its rights and interests under the Sustainable Community Stream; and statements with respect to the timing of the Company’s AGM.

When used in this news release, words such as “estimates”, “expects”, “plans”, “anticipates”, “will”, “believes”, “intends” “should”, “could”, “may” and other similar terminology are intended to identify such forward-looking information. This forward-looking information is based on the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. They should not be read as a guarantee of future performance or results and will not necessarily be an accurate indication of whether or not such results will be achieved. Factors that could cause actual results or events to differ materially from current expectations include, among other things: general economic, market and business conditions and global financial conditions, including fluctuations in interest rates, foreign exchange rates and stock market volatility; volatility in prices of carbon credits and demand for carbon credits; change in social or political views towards climate change, carbon credits and environmental, social and governance initiatives and subsequent changes in corporate or government policies or regulations and associated changes in demand for carbon credits; the Company’s expectations and plans with respect to current litigation, arbitration and regulatory proceedings; limited operating history for the Company’s current strategy; concentration risk; inaccurate estimates of project value, which may impact the ability of the Company to execute on its growth and diversification strategy; dependence upon key management; impact of corporate restructurings; the inability of the Company to optimize cash flows or sufficiently reduce operating expenses; reputational risk; risks arising from competition and future acquisition activities failure or timing delays for projects to be registered, validated and ultimately developed and for emission reductions or removals to be verified and carbon credits issued (and other risks associated with carbon credits standards and registries); foreign operations and political risks including actions by governmental authorities, including changes in or to government regulation, taxation and carbon pricing initiatives; uncertainties and ongoing market developments surrounding the validation and verification requirements of the voluntary and/or compliance markets; due diligence risks, including failure of third parties’ reviews, reports and projections to be accurate; dependence on project partners, operators and owners, including failure by such counterparties to make payments or perform their operational or other obligations to the Company in compliance with the terms of contractual arrangements between the Company and such counterparties; failure of projects to generate carbon credits, or natural disasters such as flood or fire which could have a material adverse effect on the ability of any project to generate carbon credits; volatility in the market price of the Company’s common shares or warrants; the effect that the issuance of additional securities by the Company could have on the market price of the Company’s common shares or warrants; global health crises, such as pandemics and epidemics; and the other risks disclosed under the heading “Risk Factors” and elsewhere in the Company’s Annual Information Form dated as of March 31, 2025 filed on SEDAR+ at www.sedarplus.ca.

Any forward-looking information speaks only as of the date of this news release. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.

The MIL Network –

June 18, 2025

MIL-OSI: Axiom Intelligence Acquisition Corp 1 Announces Pricing of $175,000,000 Initial Public Offering

Source: GlobeNewswire (MIL-OSI)

New York, New York, June 17, 2025 (GLOBE NEWSWIRE) — Axiom Intelligence Acquisition Corp 1 (NASDAQ:AXINU) (the “Company”) today announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The Company’s units will be listed on the Nasdaq Global Market (“Nasdaq”) under the symbol “AXINU” and will begin trading on June 18, 2025. Each unit issued in the offering consists of one Class A ordinary share of the Company and one right to receive one tenth (1/10) of one Class A ordinary share upon the consummation of the Company’s initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols “AXIN” and “AXINR,” respectively. The closing of the offering is anticipated to take place on or about June 20, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, the Company intends to focus its initial search on companies in the European infrastructure industry. The Company’s management team is led by Richard Dodd, its Executive Chairman, Douglas Ward, its Chief Executive Officer, Daniel Mamadou-Blanco, its President, Rob Dilling Jr., its Chief Financial Officer and Chris Ackermann, its Chief Operating Officer. Dr. Claire Handby, Steven Leighton and Christopher Ellis are independent directors. Sankalp Shangari and Wendy Li are senior advisers.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as the lead book-running manager for the offering. Seaport Global Securities LLC acted as joint book-runner.

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on June 17, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus, copies of which may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24^th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com. Copies of the registration statement can be accessed for free through the SEC’s website at www.sec.gov.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Axiom Intelligence Acquisition Corp 1
Richard Dodd, Executive Chairman / Doug Ward, Chief Executive Officer
contact@aiac1.com
2nd Floor, Berkeley Square House
Berkeley Square
London W1J 6BD, UK
T: +44 20 3973 7928

The MIL Network –

June 18, 2025
MIL-OSI: Topnotch Crypto Launches Free Cloud Mining App to Simplify Access to Digital Asset Mining
Source: GlobeNewswire (MIL-OSI)

London, United Kingdom, June 18, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto, a global player in the cloud mining sector, has officially launched its free cloud mining mobile application. Designed to simplify digital asset mining for everyday users, the new app leverages artificial intelligence and renewable energy to deliver efficient, 24/7 automated mining without the need for hardware or technical expertise.

The application aims to make digital asset mining more accessible by offering a streamlined, mobile-first experience. Built with a focus on energy efficiency, the app runs on 100% green power sourced from Nordic wind and solar infrastructure. Its AI-based computing system dynamically allocates resources to optimize performance and reduce energy costs.

“We developed this app to lower the barrier of entry into digital asset mining,” said a spokesperson from Topnotch Crypto. “With just a smartphone, users can now participate in the growing digital economy in a secure and sustainable way.”

Why do more than 8 million users around the world favor Topnotch Crypto?

Key Features of the New App:
- Hardware-Free Mining: No mining rigs required. All operations are cloud-based.
- Green Energy Integration: Fully powered by renewable sources to reduce carbon footprint.
- Multi-Currency Support: Enables mining across 12 major cryptocurrencies including BTC, ETH, and FIL.
- Security-Centric Design: ISO 27001 certified with 98% of user assets stored in cold wallets.
- AI Optimization: Automated computing resource allocation for greater efficiency and uptime.
Click to download the free app, both iOS and Android versions are available.

The app also allows users to monitor mining performance, manage digital assets, and access support directly from their mobile device. It is available on both Android and iOS platforms.

This launch comes at a time when the global cloud mining industry is projected to grow rapidly. According to Bloomberg New Energy Finance, the market is expected to see a compound annual growth rate of approximately 47% between 2025 and 2028. Solutions that combine cloud infrastructure, AI, and green energy are increasingly seen as foundational to the next era of digital mining.

About Topnotch Crypto

Topnotch Crypto was legally established in 2020 under British supervision. With “zero threshold, low risk, and high transparency” as its core advantages, it has built a new channel to crypto assets for global users.

Visit https://topnotchcrypto.com to register now and share the stable passive income and unlimited growth opportunities under the wave of digital gold with 8 million users around the world!

Application download: https://topnotchcrypto.com/download/

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of financial loss. You are strongly advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

The MIL Network –
June 18, 2025

MIL-OSI: Purpose Investments Inc. Announces June 2025 Distributions

Source: GlobeNewswire (MIL-OSI)

TORONTO, June 17, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce distributions for the month of June 2025 for its open-end exchange traded funds and closed-end funds (“the Funds”).

The ex-distribution date for all Open-End Funds is June 26, 2025. The ex-distribution date for all closed-end funds is June 30, 2025.

Open-End Funds	Ticker Symbol	Distribution per share/unit	Record Date	Payable Date	Distribution Frequency
Apple (AAPL) Yield Shares Purpose ETF – ETF Units	APLY	$0.1667	06/26/2025	07/03/2025	Monthly
Purpose Canadian Financial Income Fund – ETF Series	BNC	$0.1225¹	06/26/2025	07/03/2025	Monthly
Purpose Global Bond Fund – ETF Units	BND	$0.0866	06/26/2025	07/03/2025	Monthly
Berkshire Hathaway (BRK) Yield Shares Purpose ETF – ETF Units	BRKY	$0.1000	06/26/2025	07/03/2025	Monthly
Purpose Bitcoin Yield ETF – ETF Units	BTCY	$0.0850	06/26/2025	07/03/2025	Monthly
Purpose Bitcoin Yield ETF – ETF Non-Currency Hedged Units	BTCY.B	$0.0970	06/26/2025	07/03/2025	Monthly
Purpose Bitcoin Yield ETF – ETF USD Units	BTCY.U	US $0.0815	06/26/2025	07/03/2025	Monthly
Purpose Credit Opportunities Fund – ETF Units	CROP	$0.0875	06/26/2025	07/03/2025	Monthly
Purpose Credit Opportunities Fund – ETF USD Units	CROP.U	US $0.0975	06/26/2025	07/03/2025	Monthly
Purpose Ether Yield – ETF Units	ETHY	$0.0405	06/26/2025	07/03/2025	Monthly
Purpose Ether Yield ETF – ETF Non-Currency Hedged Units	ETHY.B	$0.0500	06/26/2025	07/03/2025	Monthly
Purpose Ether Yield ETF – ETF Units Non-Currency Hedged USD Units	ETHY.U	US $0.0395	06/26/2025	07/03/2025	Monthly
Purpose Global Flexible Credit Fund – ETF Units	FLX	$0.0461	06/26/2025	07/03/2025	Monthly
Purpose Global Flexible Credit Fund – Non-Currency Hedged – ETF Units	FLX.B	$0.0551	06/26/2025	07/03/2025	Monthly
Purpose Global Flexible Credit Fund – Non-Currency Hedged USD – ETF Units	FLX.U	US $0.0385	06/26/2025	07/03/2025	Monthly
Purpose Global Bond Class – ETF Units	IGB	$0.0860¹	06/26/2025	07/03/2025	Monthly
Microsoft (MSFT) Yield Shares Purpose ETF – ETF units	MSFY	$0.1300	06/26/2025	07/03/2025	Monthly
Purpose Active Balanced Fund – ETF Units	PABF	$0.1650	06/26/2025	07/03/2025	Quarterly
Purpose Active Conservative Fund – ETF Units	PACF	$0.1900	06/26/2025	07/03/2025	Quarterly
Purpose Active Growth Fund – ETF Units	PAGF	$0.1550	06/26/2025	07/03/2025	Quarterly
Purpose Enhanced Premium Yield Fund – ETF Series	PAYF	$0.1375¹	06/26/2025	07/03/2025	Monthly
Purpose Total Return Bond Fund – ETF Series	PBD	$0.0590¹	06/26/2025	07/03/2025	Monthly
Purpose Core Dividend Fund – ETF Series	PDF	$0.1050¹	06/26/2025	07/03/2025	Monthly
Purpose Enhanced Dividend Fund – ETF Series	PDIV	$0.0950¹	06/26/2025	07/03/2025	Monthly
Purpose Real Estate Income Fund – ETF Series	PHR	$0.0720¹	06/26/2025	07/03/2025	Monthly
Purpose International Tactical Hedged Equity Fund – ETF Series	PHW	$0.1500	06/26/2025	07/03/2025	Quarterly
Purpose International Dividend Fund – ETF Series	PID	$0.0780	06/26/2025	07/03/2025	Monthly
Purpose Monthly Income Fund – ETF Series	PIN	$0.0830¹	06/26/2025	07/03/2025	Monthly
Purpose Multi-Asset Income Fund – ETF Units	PINC	$0.0840	06/26/2025	07/03/2025	Monthly
Purpose Diversified Real Asset Fund – ETF Series	PRA	$0.2100	06/26/2025	07/03/2025	Quarterly
Purpose Conservative Income Fund – ETF Series	PRP	$0.0600¹	06/26/2025	07/03/2025	Monthly
Purpose Premium Yield Fund – ETF Series	PYF	$0.1100¹	06/26/2025	07/03/2025	Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF Series	PYF.B	$0.1230¹	06/26/2025	07/03/2025	Monthly
Purpose Premium Yield Fund Non-Currency Hedged – ETF USD Series	PYF.U	US $0.1200¹	06/26/2025	07/03/2025	Monthly
Purpose Core Equity Income Fund – ETF Series	RDE	$0.0875¹	06/26/2025	07/03/2025	Monthly
Purpose Emerging Markets Dividend Fund – ETF Units	REM	$0.0950	06/26/2025	07/03/2025	Monthly
Purpose Canadian Preferred Share Fund – ETF Units	RPS	$0.0950	06/26/2025	07/03/2025	Monthly
Purpose US Preferred Share Fund – ETF Series	RPU	$0.0940	06/26/2025	07/03/2025	Monthly
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units2	RPU.B / RPU.U	$0.0940	06/26/2025	07/03/2025	Monthly
Purpose Strategic Yield Fund – ETF Units	SYLD	$0.0970	06/26/2025	07/03/2025	Monthly
AMD (AMD) Yield Shares Purpose ETF – ETF Series	YAMD	$0.2500	06/26/2025	07/03/2025	Monthly
Amazon (AMZN) Yield Shares Purpose ETF- ETF Units	YAMZ	$0.4000	06/26/2025	07/03/2025	Monthly
Broadcom (AVGO) Yield Shares Purpose ETF – ETF Series	YAVG	$0.1800	06/26/2025	07/03/2025	Monthly
Coinbase (COIN) Yield Shares Purpose ETF – ETF Series	YCON	$0.3000	06/26/2025	07/03/2025	Monthly
Costco (COST) Yield Shares Purpose ETF – ETF Series	YCST	$0.1200	06/26/2025	07/03/2025	Monthly
Alphabet (GOOGL) Yield Shares Purpose ETF – ETF Units	YGOG	$0.2500	06/26/2025	07/03/2025	Monthly
Tech Innovators Yield Shares Purpose ETF – ETF Series	YMAG	$0.2000	06/26/2025	07/03/2025	Monthly
META (META) Yield Shares Purpose ETF – ETF Series	YMET	$0.2400	06/26/2025	07/03/2025	Monthly
Netflix (NFLX) Yield Shares Purpose ETF – ETF Series	YNET	$0.1500	06/26/2025	07/03/2025	Monthly
NVIDIA (NVDA) Yield Shares Purpose ETF – ETF Units	YNVD	$0.7500	06/26/2025	07/03/2025	Monthly
Palantir (PLTR) Yield Shares Purpose ETF – ETF Series	YPLT	$0.2500	06/26/2025	07/03/2025	Monthly
Tesla (TSLA) Yield Shares Purpose ETF – ETF Units	YTSL	$0.5500	06/26/2025	07/03/2025	Monthly
UnitedHealth Group (UHN) Yield Shares Purpose ETF – ETF Series	YUNH	$0.1100	06/26/2025	07/03/2025	Monthly

Closed-End Funds	Ticker Symbol	Distribution per share/unit	Record Date	Payable Date	Distribution Frequency
Big Banc Split Corp, Class A	BNK	$0.1200¹	06/30/2025	07/14/2025	Monthly
Big Banc Split Corp – Preferred Shares	BNK.PR.A	$0.0700¹	06/30/2025	07/14/2025	Monthly

Estimated June 2025 Distributions for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund

The June 2025 distribution rates for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund are estimated to be as follows:

Fund Name	Ticker Symbol	Estimated Distribution per unit	Record Date	Payable Date	Distribution Frequency
Purpose USD Cash Management Fund – ETF Units	MNU.U	US $0.3405	06/26/2025	07/03/2025	Monthly
Purpose Cash Management Fund – ETF Units	MNY	$0.2175	06/26/2025	07/03/2025	Monthly
Purpose High Interest Savings Fund – ETF Units	PSA	$0.1030	06/26/2025	07/03/2025	Monthly
Purpose US Cash Fund – ETF Units	PSU.U	US $0.3375	06/26/2025	07/03/2025	Monthly

Purpose expects to issue a press release on or about June 25, 2025, which will provide the final distribution rate for Purpose USD Cash Management Fund, Purpose Cash Management Fund, Purpose High Interest Savings Fund, and Purpose US Cash Fund. The ex-distribution date will be June 26, 2025.

Dividend is designated as an “eligible” Canadian dividend for purposes of the Income Tax Act (Canada) and any similar provincial and territorial legislation.
Purpose US Preferred Share Fund Non-Currency Hedged – ETF Units have both a CAD and USD purchase option. Distribution per unit is declared in CAD, however, the USD purchase option (RPU.U) distribution will be made in the USD equivalent. Conversion into USD will use the end-of-day foreign exchange rate prevailing on the ex-distribution date.

About Purpose Investments Inc.

Purpose Investments is an asset management company with more than $21 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.

For further information please contact:
Keera Hart
Keera.Hart@kaiserpartners.com
905-580-1257

Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

The MIL Network –

June 18, 2025

MIL-OSI: Logan Ridge Finance Corporation Announces Adviser Funded Cash Payment to Shareholders in Connection with its Merger with Portman Ridge Finance Corporation

Source: GlobeNewswire (MIL-OSI)

The Company’s Investment Adviser Will Finance an Incremental $0.47 Per Share Payment to Logan Ridge Shareholders Immediately Prior to Closing.

Payment Effectively Results in Logan Ridge Shareholders Receiving 100% of NAV as of March 31, 2025 Adjusted for Estimated Transaction Costs.

NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (NASDAQ: LRFC) (“Logan Ridge” or “LRFC”), today announced that it has entered into an agreement with Mount Logan Management LLC, LRFC’s investment adviser (“Mount Logan” or “Investment Adviser”), in connection with its previously announced merger with and into Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN” and the “Merger”).

Pursuant to the terms of the agreement, and contingent upon the closing of the Merger, LRFC’s Investment Adviser will finance a pre-closing cash payment of $0.47 per share to LRFC shareholders of record as of May 6, 2025. This payment, when combined with the previously announced Tax Distribution of no less than $1,000,000, or $0.38 per share, and the 1.5x PTMN shares received for each LRFC share outstanding, will equal 100% of Logan Ridge’s net asset value (“NAV”), based on both Logan Ridge’s and Portman Ridge’s respective NAVs per share as of March 31, 2025 adjusted for estimated transaction costs.

All terms and conditions of the Merger remain unchanged and in full effect. The Mount Logan funded payment outlined above represents a commitment by Mount Logan to the combined company and was designed to further align the Merger with shareholder feedback, while maintaining the core strategic and financial rationale for the combination.

Management Commentary

Ted Goldthorpe, President and Chief Executive Officer of LRFC and PTMN, and Head of the BC Partners Credit Platform, stated, “We are pleased to announce this agreement, which will provide enhanced value to Logan Ridge shareholders through an additional $0.47 per share payment. We appreciate our shareholders’ support and constructive engagement throughout this process and we look forward to successfully closing the Merger.”

Special Meeting of Shareholders

The LRFC special meeting is scheduled for June 20, 2025, at 10:30 am ET. LRFC urges its shareholders to cast their votes by following the instructions outlined in the joint proxy statement. Shareholders of LRFC can also access the virtual meeting and vote by going to the following website: http://www.virtualshareholdermeeting.com/LRFC2025SM, or by calling 1-833-218-3962 and providing the control number which is listed in the proxy card received.

Shareholders can access the joint proxy statement and prospectus by clicking HERE. Shareholders who have questions about the joint proxy statement or about voting their shares should contact the companies’ proxy solicitor, Broadridge, at 1-833-218-3962.

About Logan Ridge Finance Corporation

LRFC is a business development company (a “BDC”) that invests primarily in first lien loans and, to a lesser extent, second lien loans and equity securities issued by lower middle-market companies. LRFC invests in performing, well-established middle-market businesses that operate across a wide range of industries. It employs fundamental credit analysis, targeting investments in businesses with relatively low levels of cyclicality and operating risk. For more information, visit www.loganridgefinance.com.

About Portman Ridge Finance Corporation

PTMN is a publicly traded, externally managed investment company that has elected to be regulated as a BDC under the 1940 Act. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC (“Sierra Crest”). PTMN’s filings with the Securities and Exchange Commission (the “SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

About BC Partners Advisors L.P. and BC Partners Credit
BC Partners Advisors L.P. (“BC Partners”) is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades.

Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. For more information, please visit https://www.bcpartners.com/.

BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.

Cautionary Statement Regarding Forward-Looking Statements

Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results of PTMN and LRFC, and distribution projections; business prospects of PTMN and LRFC, and the prospects of their portfolio companies; and the impact of the investments that PTMN and LRFC expect to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the ability of the parties to consummate the merger on the expected timeline, or at all; (ii) the expected synergies and savings associated with the merger; (iii) the ability to realize the anticipated benefits of the merger, including the expected elimination of certain expenses and costs due to the merger; (iv) the percentage of PTMN shareholders and LRFC shareholders voting in favor of the applicable Proposal (as defined below) submitted for their approval; (v) the possibility that competing offers or acquisition proposals will be made; (vi) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived; (vii) risks related to diverting management’s attention from ongoing business operations; (viii) the combined company’s plans, expectations, objectives and intentions, as a result of the merger; (ix) any potential termination of the merger agreement; (x) the future operating results and net investment income projections of PTMN, LRFC or, following the closing of the merger, the combined company; (xi) the ability of Sierra Crest to implement its future plans with respect to the combined company; (xii) the ability of Sierra Crest and its affiliates to attract and retain highly talented professionals; (xiii) the business prospects of PTMN, LRFC or, following the closing of the merger, the combined company, and the prospects of their portfolio companies; (xiv) the impact of the investments that PTMN, LRFC or, following the closing of the merger, the combined company expect to make; (xv) the ability of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company to achieve their objectives; (xvi) the expected financings and investments and additional leverage that PTMN, LRFC or, following the closing of the merger, the combined company may seek to incur in the future; (xvii) the adequacy of the cash resources and working capital of PTMN, LRFC or, following the closing of the merger, the combined company; (xviii) the timing of cash flows, if any, from the operations of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company; (xix) the risk that stockholder litigation in connection with the merger may result in significant costs of defense and liability; and (xx) future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities). PTMN and LRFC have based the forward-looking statements included in this document on information available to them on the date hereof, and they assume no obligation to update any such forward-looking statements. Although PTMN and LRFC undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that PTMN and LRFC in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement (in each case, as defined below), annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

No Offer or Solicitation

This communication is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in PTMN, LRFC or in any fund or other investment vehicle managed by BC Partners or any of its affiliates.

Additional Information and Where to Find It

This communication relates to the proposed merger of PTMN and LRFC and certain related matters (the “Proposals”). In connection with the Proposals, PTMN has filed a registration statement (Registration No. 333-285230) with the SEC (the “Registration Statement”) that contains a combined joint proxy statement for PTMN and LRFC and a prospectus of PTMN (the “Joint Proxy Statement”) and has mailed the Joint Proxy Statement to its and LRFC’s respective shareholders. The Registration Statement and Joint Proxy Statement will contain important information about PTMN, LRFC and the Proposals. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF PTMN AND LRFC ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PTMN, LRFC AND THE PROPOSALS. Investors and security holders will be able to obtain the documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov or, for documents filed by PTMN, from PTMN’s website at https://www.portmanridge.com, and, for documents filed by LRFC, from LRFC’s website at https://www.loganridgefinance.com.

Participants in the Solicitation

LRFC, its directors, certain of its executive officers and certain employees and officers of Mount Logan and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of LRFC is set forth in the Annual Report on Form 10-K/A, which was filed with the SEC on April 29, 2025. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the LRFC shareholders in connection with the Proposal will be contained in the Registration Statement, including the Joint Proxy Statement included therein, and other relevant materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.

Contacts:
Logan Ridge Finance Corporation
650 Madison Avenue, 3rd floor
New York, NY 10022

Brandon Satoren
Chief Financial Officer (PTMN and LRFC)
Brandon.Satoren@bcpartners.com
(212) 891-2880

The Equity Group Inc.
Lena Cati
lcati@equityny.com
(212) 836-9611

Val Ferraro
vferraro@equityny.com
(212) 836-9633

The MIL Network –

June 18, 2025
MIL-OSI: Portman Ridge Finance Corporation Announces Corporate Rebranding, New Monthly Base Distribution, and Value Creation Initiatives

Source: GlobeNewswire (MIL-OSI)

Company to be Renamed “BCP Investment Corporation” and Trade Under New Ticker “BCIC”

Transition to Paying the Quarterly Base Distribution Monthly in 2026

Company, Management, Adviser and Other Affiliates Intend to Acquire up to 20% of Common Shares Over Next 24 Months to the Extent the Stock Trades Below 80% of NAV

NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (NASDAQ: PTMN) (“Portman Ridge” or “PTMN”), today announced several updates and initiatives, aimed at enhancing shareholder value. These initiatives include a corporate name change, the transition to paying a monthly distribution, and an enhanced stock purchase program. These changes will go into effect following the successful closing of the merger with Logan Ridge Finance Corporation (“LRFC”).

Upon closing, Portman Ridge will rebrand and begin operating under the name BCP Investment Corporation (the “Company” or “BCIC”). In connection with the rebranding, the Company will continue to trade on the Nasdaq under the new ticker symbol “BCIC”. This change better reflects the fact that the Company is fully integrated into the broader BC Partners Credit Platform and the credit platform’s commitment to the Company, which is a leading global alternative asset manager with almost $9.0 billion in assets under management across its credit platforms.

Additionally, beginning in 2026, the Company will transition to paying its currently quarterly base distribution on a monthly basis, while retaining the potential for quarterly supplemental distributions. The quarterly supplemental distributions will continue to approximate 50% of the incremental net investment income earned in excess of the base monthly distributions. We believe that the transition to a monthly base distribution will be valued by investors and has the potential to increase liquidity in the Company’s stock.

To further align our interests with shareholders and drive additional value creation, the Company, along with its management, its adviser and their affiliates intend to acquire up to 20% of the Company’s outstanding common stock over the next 24 months to the extent the Company’s shares continue to trade below 80% of net asset value (“NAV”), which implies a share price of $15.08 based Portman Ridge’s March 31, 2025 NAV per share, or a 31% premium to PTMN’s June 16, 2025 closing market price. These purchases will begin no earlier than 60 calendar days following the date of the closing of the LRFC merger and may occur through various methods, including open market purchases and privately negotiated transactions, and may be conducted pursuant to Rule 10b5-1 and Rule 10b-18 trading plans. In this regard and as previously announced, PTMN’s Board of Directors has authorized an open market stock repurchase program of up to $10 million for the period from March 12, 2025 to March 31, 2026. The Company, its management and its adviser also reserve the right to conduct tender offers as part of the Company’s broader value creation initiatives.

Management Commentary

Ted Goldthorpe, President and Chief Executive Officer of PTMN and Head of the BC Partners Credit Platform, stated, “The corporate rebranding of Portman Ridge to BCP Investment Corporation reflects the Company’s affiliation with the broader BC Partners Credit Platform and underscores the significance of the Company to the platform as well as the credit platform’s commitment to its success.

Finally, we remain committed to addressing the discount to NAV at which our shares currently trade as well as increasing our ownership in the Company for better alignment with shareholders. We believe these value creation initiatives represent a thoughtful and constructive framework that supports long-term value creation for our shareholders.”

Special Meeting of Shareholders

The PTMN special meeting is scheduled for June 20, 2025, at 10:00 am ET. PTMN urges its shareholders to cast their votes by following the instructions outlined in the joint proxy statement. Shareholders of PTMN can also access the virtual meeting and vote by going to the following website: http://www.virtualshareholdermeeting.com/PTMN2025SM, or by calling 1-833-218-3911 and providing the control number which is listed in the proxy card received.

Shareholders can access the joint proxy statement and prospectus by clicking HERE. Shareholders who have questions about the joint proxy statement or about voting their shares should contact the companies’ proxy solicitor, Broadridge, at 1-833-218-3911.

About Portman Ridge Finance Corporation

PTMN is a publicly traded, externally managed closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. PTMN’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. PTMN’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors L.P. PTMN’s filings with the Securities and Exchange Commission (“SEC”), earnings releases, press releases and other financial, operational and governance information are available on Portman Ridge’s website at www.portmanridge.com.

About BC Partners Advisors L.P. and BC Partners Credit
BC Partners is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades.

Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. For more information, please visit https://www.bcpartners.com/.

BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.

Cautionary Statement Regarding Forward-Looking Statements

Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results and distribution projections of the Company; business prospects of the Company, and future share repurchase/purchase activity. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. More information on the risks and other potential factors that could affect these forward-looking statements is included in Registration Statement and Joint Proxy Statement (in each case, as defined below). Although PTMN and LRFC undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that PTMN and LRFC in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement, annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

No Offer or Solicitation

This document is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this document is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in PTMN, LRFC or in any fund or other investment vehicle managed by BC Partners or any of its affiliates.

Additional Information and Where to Find It

This document relates to the proposed merger of PTMN and LRFC and certain related matters (the “Proposals”). In connection with the Proposals, PTMN has filed a registration statement (Registration No. 333-285230) with the SEC (the “Registration Statement”) that contains a combined joint proxy statement for PTMN and LRFC and a prospectus of PTMN (the “Joint Proxy Statement”) and has mailed the Joint Proxy Statement to its and LRFC’s respective shareholders. The Registration Statement and Joint Proxy Statement will contain important information about PTMN, LRFC and the Proposals. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF PTMN AND LRFC ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PTMN, LRFC AND THE PROPOSALS. Investors and security holders will be able to obtain the documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov or, for documents filed by PTMN, from PTMN’s website at https://www.portmanridge.com, and, for documents filed by LRFC, from LRFC’s website at https://www.loganridgefinance.com.

Participants in the Solicitation

PTMN, its directors, certain of its executive officers and certain employees and officers of PTMN’s investment adviser and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of PTMN is set forth in its proxy statement for its 2025 Annual Meeting of Stockholders, which was filed with the SEC on April 29, 2025. LRFC, its directors, certain of its executive officers and certain employees and officers of LRFC’s investment adviser, and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of LRFC is set forth in the Annual Report on Form 10-K/A, which was filed with the SEC on April 29, 2025. Information regarding the persons who may, under the rules of the SEC, be considered participants in the solicitation of the PTMN and LRFC shareholders in connection with the Proposals will be contained in the Registration Statement, including the Joint Proxy Statement included therein, and other relevant materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.

Contacts:
Portman Ridge Finance Corporation
650 Madison Avenue, 3rd floor
New York, NY 10022

Brandon Satoren
Chief Financial Officer
Brandon.Satoren@bcpartners.com
(212) 891-2880

The Equity Group Inc.
Lena Cati
lcati@equityny.com
(212) 836-9611

Val Ferraro
vferraro@equityny.com
(212) 836-9633

The MIL Network –

June 18, 2025
MIL-OSI: Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution and Listing For Sale of Vantage at Fair Oaks

Source: GlobeNewswire (MIL-OSI)

OMAHA, Neb., June 17, 2025 (GLOBE NEWSWIRE) — Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.30 per BUC.

The cash distribution will be paid on July 31, 2025 to all BUC holders of record as of the close of trading on June 30, 2025. The BUCs will trade ex-distribution as of June 30, 2025.

Commenting on the Partnership’s quarterly distribution, Chief Executive Officer Ken Rogozinski stated, “Persistently high interest rates, coupled with higher capitalization rates, have combined to create a more muted environment for sales of certain high quality joint venture properties within our investment portfolio, particularly in Texas markets. As a result, we are reducing our quarterly distribution to appropriately align with the current operating environment. Our quarterly distribution equates to a 9.5% annualized distribution yield based on our net book value as of March 31, 2025, which we believe is attractive in the current operating environment.”

Greystone Manager is the general partner of America First Capital Associates Limited Partnership Two, the Partnership’s general partner. Distributions to the Partnership’s BUC holders, including regular and any supplemental distributions, are determined by Greystone Manager based on a disciplined evaluation of the Partnership’s current and anticipated operating results, financial condition and other factors it deems relevant. Greystone Manager continually evaluates the factors that go into BUC holder distribution decisions, consistent with the long-term best interests of the BUC holders and the Partnership.

The Partnership also announced that Vantage at Fair Oaks, a 288-unit market rate multifamily property located in Boerne, TX (the “Property”), was publicly listed for sale by Institutional Property Advisors Texas at the direction of the Property-owning entity’s managing member. The Partnership’s non-controlling investment in the Property was originated in September 2021 and the Partnership contributed equity totaling $12.0 million to date. Construction of the Property was completed in May 2023. Consistent with past Vantage property sales, the managing member controls the listing and sales process under the terms of the Property-owning entity’s operating agreement, with the Partnership entitled to certain net proceeds upon the successful completion of the sale of the Property.

About Greystone Housing Impact Investors LP

Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022, (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

Safe Harbor Statement

Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which the Partnership operates, which may be unfavorably impacted by pressures in the commercial real estate sector, incrementally higher unemployment rates, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; the aggregate effect of elevated inflation levels over the past several years, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor market, and low residential vacancy rates, which may result in continued elevated interest rate levels and increased market volatility; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; recapture of previously issued Low Income Housing Tax Credits in accordance with Section 42 of the Internal Revenue Code; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.

If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.

MEDIA CONTACT:

Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com

INVESTOR CONTACT:

Andy Grier
Senior Vice President
402-952-1235

The MIL Network –

June 18, 2025
MIL-OSI: Greystone Housing Impact Investors LP Announces Regular Quarterly Cash Distribution and Listing For Sale of Vantage at Fair Oaks

Source: GlobeNewswire (MIL-OSI)

OMAHA, Neb., June 17, 2025 (GLOBE NEWSWIRE) — Greystone Housing Impact Investors LP (NYSE: GHI) (the “Partnership”) announced that the Board of Managers of Greystone AF Manager LLC (“Greystone Manager”) declared a cash distribution to the Partnership’s Beneficial Unit Certificate (“BUC”) holders of $0.30 per BUC.

The cash distribution will be paid on July 31, 2025 to all BUC holders of record as of the close of trading on June 30, 2025. The BUCs will trade ex-distribution as of June 30, 2025.

Commenting on the Partnership’s quarterly distribution, Chief Executive Officer Ken Rogozinski stated, “Persistently high interest rates, coupled with higher capitalization rates, have combined to create a more muted environment for sales of certain high quality joint venture properties within our investment portfolio, particularly in Texas markets. As a result, we are reducing our quarterly distribution to appropriately align with the current operating environment. Our quarterly distribution equates to a 9.5% annualized distribution yield based on our net book value as of March 31, 2025, which we believe is attractive in the current operating environment.”

Greystone Manager is the general partner of America First Capital Associates Limited Partnership Two, the Partnership’s general partner. Distributions to the Partnership’s BUC holders, including regular and any supplemental distributions, are determined by Greystone Manager based on a disciplined evaluation of the Partnership’s current and anticipated operating results, financial condition and other factors it deems relevant. Greystone Manager continually evaluates the factors that go into BUC holder distribution decisions, consistent with the long-term best interests of the BUC holders and the Partnership.

The Partnership also announced that Vantage at Fair Oaks, a 288-unit market rate multifamily property located in Boerne, TX (the “Property”), was publicly listed for sale by Institutional Property Advisors Texas at the direction of the Property-owning entity’s managing member. The Partnership’s non-controlling investment in the Property was originated in September 2021 and the Partnership contributed equity totaling $12.0 million to date. Construction of the Property was completed in May 2023. Consistent with past Vantage property sales, the managing member controls the listing and sales process under the terms of the Property-owning entity’s operating agreement, with the Partnership entitled to certain net proceeds upon the successful completion of the sale of the Property.

About Greystone Housing Impact Investors LP

Greystone Housing Impact Investors LP was formed in 1998 under the Delaware Revised Uniform Limited Partnership Act for the primary purpose of acquiring, holding, selling and otherwise dealing with a portfolio of mortgage revenue bonds which have been issued to provide construction and/or permanent financing for affordable multifamily, seniors and student housing properties. The Partnership is pursuing a business strategy of acquiring additional mortgage revenue bonds and other investments on a leveraged basis. The Partnership expects and believes the interest earned on these mortgage revenue bonds is excludable from gross income for federal income tax purposes. The Partnership seeks to achieve its investment growth strategy by investing in additional mortgage revenue bonds and other investments as permitted by its Second Amended and Restated Limited Partnership Agreement, dated December 5, 2022, (the “Partnership Agreement”), taking advantage of attractive financing structures available in the securities market, and entering into interest rate risk management instruments. Greystone Housing Impact Investors LP press releases are available at www.ghiinvestors.com.

Safe Harbor Statement

Certain statements in this press release are intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of statements that include, but are not limited to, phrases such as “believe,” “expect,” “future,” “anticipate,” “intend,” “plan,” “foresee,” “may,” “should,” “will,” “estimates,” “potential,” “continue,” or other similar words or phrases. Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Partnership. The Partnership cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include, but are not limited to: defaults on the mortgage loans securing our mortgage revenue bonds and governmental issuer loans; the competitive environment in which the Partnership operates; risks associated with investing in multifamily, student, senior citizen residential properties and commercial properties; general economic, geopolitical, and financial conditions, including the current and future impact of changing interest rates, inflation, and international conflicts (including the Russia-Ukraine war and the Israel-Hamas war) on business operations, employment, and financial conditions; uncertain conditions within the domestic and international macroeconomic environment, including monetary and fiscal policy and conditions in the investment, credit, interest rate, and derivatives markets; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies, including in particular China, Japan, the European Union, and the United Kingdom; the general condition of the real estate markets in the regions in which the Partnership operates, which may be unfavorably impacted by pressures in the commercial real estate sector, incrementally higher unemployment rates, persistent elevated inflation levels, and other factors; changes in interest rates and credit spreads, as well as the success of any hedging strategies the Partnership may undertake in relation to such changes, and the effect such changes may have on the relative spreads between the yield on investments and cost of financing; the aggregate effect of elevated inflation levels over the past several years, spurred by multiple factors including expansionary monetary and fiscal policy, higher commodity prices, a tight labor market, and low residential vacancy rates, which may result in continued elevated interest rate levels and increased market volatility; the Partnership’s ability to access debt and equity capital to finance its assets; current maturities of the Partnership’s financing arrangements and the Partnership’s ability to renew or refinance such financing arrangements; local, regional, national and international economic and credit market conditions; recapture of previously issued Low Income Housing Tax Credits in accordance with Section 42 of the Internal Revenue Code; geographic concentration of properties related to investments held by the Partnership; changes in the U.S. corporate tax code and other government regulations affecting the Partnership’s business; and the other risks detailed in the Partnership’s SEC filings (including but not limited to, the Partnership’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K). Readers are urged to consider these factors carefully in evaluating the forward-looking statements.

If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, the developments and future events concerning the Partnership set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this document. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. The Partnership assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.

MEDIA CONTACT:

Karen Marotta
Greystone
212-896-9149
Karen.Marotta@greyco.com

INVESTOR CONTACT:

Andy Grier
Senior Vice President
402-952-1235

The MIL Network –

June 18, 2025
MIL-OSI: Republic Digital Acquisition Company Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 23, 2025

Source: GlobeNewswire (MIL-OSI)

New York, NY, June 17, 2025 (GLOBE NEWSWIRE) — Republic Digital Acquisition Company (Nasdaq: RDAGU) (the “Company”) announced today that, commencing June 23, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “RDAG” and “RDAGW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “RDAGU.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Republic Digital Acquisition Company

Republic Digital Acquisition Company is a special purpose acquisition company incorporated under the laws of Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry but expects to focus on a target in fintech, software and cryptocurrency industries.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact

Republic Digital Acquisition Company
RDAC-PR@republic.co

The MIL Network –

June 18, 2025
MIL-OSI: Silvaco to Host a Tech Talk on the Diffusion of Innovation
Source: GlobeNewswire (MIL-OSI)

SANTA CLARA, Calif., June 17, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO, “Silvaco”), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software, today announced it will host a tech talk exploring “The Diffusion of Innovation: Investing in the Ecosystem Expansion”.

This session is intended to provide investors and analysts with an in-depth understanding of how Silvaco is expanding the ecosystem for its innovative products, including the Fab Technology Co-Optimization™ (FTCO) solution. There will also be an opportunity for Q&A with management.

Event Details:
- Event Title: “The Diffusion of Innovation: Investing in the Ecosystem Expansion”
- Date/Time: Wednesday, June 25, 2025 at 10:00 AM Eastern Time
- Presenter: Ian Chan, Chief Revenue Officer
A live webcast, as well as a replay, of the event will be available on the company’s investor relations website at https://investors.silvaco.com/.

About Silvaco Group, Inc.
Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

Contacts
Media Relations:
Tiffany Behany, press@silvaco.com

Investor Relations:
Greg McNiff, investors@silvaco.com

The MIL Network –
June 18, 2025
MIL-OSI: ServisFirst Bancshares, Inc. Declares Second Quarter Cash Dividend

Source: GlobeNewswire (MIL-OSI)

BIRMINGHAM, Ala., June 17, 2025 (GLOBE NEWSWIRE) — ServisFirst Bancshares, Inc., (NYSE: SFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announces: At a meeting held on June 16, 2025, its Board of Directors declared a quarterly cash dividend of $0.335 per share, payable on July 9, 2025, to stockholders of record as of July 1, 2025.

About ServisFirst Bancshares, Inc.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Atlanta, Birmingham, Charleston, Dothan, Huntsville, Mobile, Montgomery, North Carolina, Northwest Florida, Tennessee, Virgina Beach, and West Central Florida. ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbank.com.

More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbank.com or by calling (205) 949-0302.

Contact: ServisFirst Bank
Davis Mange (205) 949-3420
DMange@servisfirstbank.com

The MIL Network –

June 18, 2025
MIL-OSI: Mountain America Credit Union Honored with Best of State Award for Credit Unions in Business Services

Source: GlobeNewswire (MIL-OSI)

SANDY, Utah, June 17, 2025 (GLOBE NEWSWIRE) — Mountain America Credit Union is proud to announce it has been honored with the prestigious 2025 Best of State Award for Best Credit Union in the Business Services category, a recognition that reflects the credit union’s unwavering commitment to putting its members first—including its thriving community of business members.

A Media Snippet accompanying this announcement is available in this link.

This latest accolade underscores Mountain America’s dedication to empowering businesses with innovative financial solutions, personalized service, and a mission-driven approach that prioritizes people over profits. Whether it’s helping small businesses grow or providing expert financial advice to entrepreneurs, Mountain America remains steadfast in its core purpose: guiding members forward.

“We are honored to receive this year’s Best of State Award for Credit Unions in business services,” said Sterling Nielsen, president and CEO of Mountain America Credit Union. “This award belongs to our incredible team and our members. It reflects our commitment to always putting our members—individuals and businesses alike—at the center of everything we do. Whether through digital innovation or one-on-one financial guidance, we strive to help our members reach their goals and build lasting success.”

The Best of State recognition follows another significant national honor—Mountain America was recently ranked among the Top 5 Large Credit Unions in the nation for Customer Service Excellence by J.D. Power, highlighting the institution’s superior service across both individual and business banking relationships.

Mountain America continues to invest in services that meet the evolving needs of businesses, from flexible lending options to advanced digital banking tools, all backed by the credit union’s hallmark personalized service.

The Best of State Awards recognize individuals, businesses, and organizations that demonstrate excellence and innovation in their field, contribute positively to the quality of life in Utah, and differentiate themselves through superior performance.

For more information on business services offered by Mountain America Credit Union, visit macu.com/business.

About Mountain America Credit Union
With more than 1 million members and $20 billion in assets, Mountain America Credit Union helps its members define and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure cutting-edge mobile banking technology, over 100 branches across multistate region, and more than 50,000 surcharge-free ATMs. Mountain America—guiding you forward. Learn more at macu.com.

The MIL Network –

June 18, 2025
MIL-OSI: Mountain America Credit Union Honored with Best of State Award for Credit Unions in Business Services

Source: GlobeNewswire (MIL-OSI)

SANDY, Utah, June 17, 2025 (GLOBE NEWSWIRE) — Mountain America Credit Union is proud to announce it has been honored with the prestigious 2025 Best of State Award for Best Credit Union in the Business Services category, a recognition that reflects the credit union’s unwavering commitment to putting its members first—including its thriving community of business members.

A Media Snippet accompanying this announcement is available in this link.

This latest accolade underscores Mountain America’s dedication to empowering businesses with innovative financial solutions, personalized service, and a mission-driven approach that prioritizes people over profits. Whether it’s helping small businesses grow or providing expert financial advice to entrepreneurs, Mountain America remains steadfast in its core purpose: guiding members forward.

“We are honored to receive this year’s Best of State Award for Credit Unions in business services,” said Sterling Nielsen, president and CEO of Mountain America Credit Union. “This award belongs to our incredible team and our members. It reflects our commitment to always putting our members—individuals and businesses alike—at the center of everything we do. Whether through digital innovation or one-on-one financial guidance, we strive to help our members reach their goals and build lasting success.”

The Best of State recognition follows another significant national honor—Mountain America was recently ranked among the Top 5 Large Credit Unions in the nation for Customer Service Excellence by J.D. Power, highlighting the institution’s superior service across both individual and business banking relationships.

Mountain America continues to invest in services that meet the evolving needs of businesses, from flexible lending options to advanced digital banking tools, all backed by the credit union’s hallmark personalized service.

The Best of State Awards recognize individuals, businesses, and organizations that demonstrate excellence and innovation in their field, contribute positively to the quality of life in Utah, and differentiate themselves through superior performance.

For more information on business services offered by Mountain America Credit Union, visit macu.com/business.

About Mountain America Credit Union
With more than 1 million members and $20 billion in assets, Mountain America Credit Union helps its members define and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure cutting-edge mobile banking technology, over 100 branches across multistate region, and more than 50,000 surcharge-free ATMs. Mountain America—guiding you forward. Learn more at macu.com.

The MIL Network –

June 18, 2025
MIL-OSI Canada: Chair’s Summary
Source: Government of Canada – Prime Minister

The Leaders of the Group of Seven (G7) gathered in Kananaskis, Alberta, from June 15-17, 2025, with the objective of building stronger economies by making communities safer and the world more secure, promoting energy security and accelerating the digital transition, as well as fostering partnerships of the future.

Five decades after its founding in 1975, the G7 continues to demonstrate its value as a platform for advanced economies to coordinate financial and economic policy, address issues of peace and security, and cooperate with international partners in response to global challenges.

G7 Leaders focused on economic developments. In a context of rising market volatility and shocks to international trade, as well as longer-term trends toward fragmentation and global imbalances, they discussed the need for greater economic and financial stability, technological innovation, and an open and predictable trading regime to drive investment and growth. They considered ways to collaborate on global trade to boost productivity and grow their economies, emphasizing energy security and the digital transition. They acknowledged that both are underpinned by secure and responsible critical mineral supply chains and that more collaboration is required, within and beyond the G7. Leaders undertook to safeguard their economies from unfair non-market policies and practices that distort markets and drive overcapacity in ways that are harmful to workers and businesses. This includes de-risking through diversification and reduction of critical dependencies. Leaders welcomed the new Canada-led G7 initiative – the Critical Minerals Production Alliance – working with trusted international partners to guarantee supply for advanced manufacturing and defence.

G7 Leaders expressed support for President Trump’s efforts to achieve a just and lasting peace in Ukraine. They recognized that Ukraine has committed to an unconditional ceasefire, and they agreed that Russia must do the same. G7 Leaders are resolute in exploring all options to maximize pressure on Russia, including financial sanctions. The G7 met with President of Ukraine, Volodymyr Zelenskyy, and Secretary General of the North Atlantic Treaty Organization, Mark Rutte to discuss their support for a strong and sovereign Ukraine, including budgetary defence and recovery and reconstruction support.

G7 Leaders reiterated their commitment to peace and stability in the Middle East. They exchanged on the evolving situation, following Hamas’s terrorist attacks against Israel on October 7, 2023, and the active conflict between Israel and Iran. Leaders discussed the importance of unhindered humanitarian aid to Gaza, the release of all hostages and an immediate and permanent ceasefire. Leaders also talked about the need for a negotiated political solution to the Israeli-Palestinian conflict that achieves lasting peace. Leaders affirmed Israel’s right to defend itself, and were clear that Iran can never have a nuclear weapon. They underlined the importance of protecting civilians. They expressed their readiness to coordinate to safeguard the stability of international energy markets. They urged that the resolution of this crisis leads to a broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza. G7 Leaders released a statement on recent developments between Israel and Iran.

Leaders highlighted the importance of a free, open, prosperous and secure Indo-Pacific, based on the rule of law, and discussed growing economic cooperation with the region. They stressed the importance of constructive and stable relations with China, while calling on China to refrain from market distortions and harmful overcapacity, tackle global challenges and promote international peace and security. Leaders discussed their ongoing serious concerns about China’s destabilizing activities in the East and South China Seas and the importance of maintaining peace and stability across the Taiwan Strait. They expressed concern about DPRK’s nuclear weapons and ballistic missile programs and the need to jointly address DPRK cryptocurrency thefts fueling these programs. The need to resolve the abductions issue was also raised. Leaders acknowledged the links between crisis theatres in Ukraine, the Middle East and Indo-Pacific. Leaders discussed other instances of crisis and conflict, including in Africa and Haiti.

The G7 Leaders underscored their resolve to ensure the safety and security of communities. They condemned foreign interference, underlining the unacceptable threat of transnational repression to rights and freedoms, national security and state sovereignty. Leaders highlighted the importance of ongoing collaboration to promote border security and counter migrant smuggling and illicit synthetic drug trafficking, noting recent successes. They stressed the need to work with countries of origin and transit countries. Leaders discussed the impacts of increasingly extreme weather events around the world. They highlighted the need for more international collaboration to prevent, fight and respond to wildfires, which are destroying homes and ecosystems, and driving pollution and emissions.

The G7 welcomed participation in the Summit by the President of South Africa, Matamela Cyril Ramaphosa, President of Brazil, Luiz Inácio Lula da Silva, President of Mexico, Claudia Sheinbaum, President of the Republic Korea, Lee Jae-myung, Prime Minister of India, Narendra Modi, and Prime Minister of Australia, Anthony Albanese, as well as UN Secretary General, António Guterres, and President of the World Bank, Ajaypal Singh Banga. Together, they identified ways to collaborate on energy security in a changing world, with a focus on advancing technology and innovation, diversifying and strengthening critical mineral supply chains, building infrastructure, and mobilizing investment. They discussed just energy transitions as well as sustainable and innovative solutions to boost energy access and affordability, while mitigating the impact on climate and the environment. They talked about the consequences of growing conflicts for shared prosperity, including energy security, and the need to work towards a shared peace.

Leaders and guests had a productive discussion on the importance of building coalitions with reliable partners – existing and new – that include the private sector, development finance institutions and multilateral development banks, to drive inclusive economic growth and advance sustainable development. The upcoming United Nations’ Fourth International Conference on Financing for Development was raised as an opportunity to continue these discussions, including on private capital mobilization.

G7 Leaders agreed to collaborate with partners on concrete outcomes that deliver for everyone. To this end, they agreed to six joint statements. Their commitments included:
- Securing high-standard critical mineral supply chains that power the economies of the future.
- Driving secure, responsible and trustworthy AI adoption across public and private sectors, powering AI now and into the future, and closing digital divides.
- Boosting cooperation to unlock the full potential of quantum technology to grow economies, solve global challenges and keep communities secure.
- Mounting a multilateral effort to better prevent, fight and recover from wildfires, which are on the rise around the world.
- Protecting the rights of everyone in society, and the fundamental principle of state sovereignty, by continuing to combat foreign interference, with a focus on transnational repression.
- Countering migrant smuggling by dismantling transnational organized crime groups.
G7 Leaders welcomed the endorsement by many outreach partners of the Critical Minerals Action Plan and the Kananaskis Wildfire Charter.

Discussions at the Kananaskis Summit were informed by the recommendations of the G7 Gender Equality Advisory Council (GEAC), which stressed the social and economic benefits of gender equality, and of all G7 engagement groups.

The G7 remains committed to working with domestic and international stakeholders and partners, including local governments, Indigenous Peoples, civil society, industry and international organizations, to advance shared priorities.

The G7 will continue its work under Canada’s presidency throughout 2025, and looks forward to France’s leadership in 2026.

MIL OSI Canada News –
June 18, 2025
MIL-OSI Asia-Pac: New York ETO promotes biotechnology and academic ties with Boston (with photos)

Source: Hong Kong Government special administrative region

New York ETO promotes biotechnology and academic ties with Boston
At the June 15 (Boston time) welcome dinner for the Hong Kong delegation at BIO 2025, Ms Ho highlighted Hong Kong’s status as a global hub for biotech innovation and fundraising. She also noted Hong Kong’s strong presence at BIO 2025, showcasing the depth and diversity of the city’s biotechnology sector, including pharmaceuticals, immunotherapies, gene editing, diagnostics and stem cell technologies.

The Hong Kong delegation included representatives from the Hong Kong Science and Technology Parks Corporation and its delegation of 16 leading biotech portfolio companies, the medical faculties of the University of Hong Kong and the Chinese University of Hong Kong, as well as representatives from the Office for Attracting Strategic Enterprises, Invest Hong Kong and the Hong Kong Trade Development Council. At the Hong Kong Pavilion, they showcased the city’s life and health sciences capabilities, aiming to attract global enterprises, talent, and investment, and reinforcing Hong Kong’s status as a global biotech hub.

At the “Hong Kong x Boston Biotech Disrupt Night” on June 16 (Boston time) hosted by Invest Hong Kong, Ms Ho spoke on Hong Kong’s strategic advantages in biotechnology, citing world-class infrastructure, strong intellectual property protection, top-tier universities, and a vibrant start-up ecosystem. She also emphasised government support, funding and initiatives such as InnoLife Healthtech Hub and the New Industrialisation Acceleration Scheme. The event, attended by over 140 biotech industry representatives and investors, also featured a panel discussion featuring Hong Kong and Boston’s biotech leaders where they had an insightful exchange on the potential of Boston biotech companies in leveraging Hong Kong for their Asian market expansion.

“Hong Kong offers a nurturing environment for life sciences—combining policy support, research excellence, and regulatory certainty. As the world’s second-largest fundraising hub for biotech IPOs, we also offer deep access to capital and a highly international talent pool. With our world-class infrastructure, common law system, robust IP protections, and proximity to Mainland China and Asia, we serve as a gateway and global launchpad for biotech companies aiming to scale and internationalise”, she said.

While in Boston, Ms Ho also met with representatives of the academia to explore areas of mutual interests and promoted Hong Kong’s various talent admission schemes and the city’s commitment to become an international education and research hub. Her meetings included discussions with Visiting Fellow of Practice at Harvard University’s Fairbank Center for Chinese Studies Mr Mitchell Presnick; and representatives from the University of Massachusetts Boston, including the Provost and Vice Chancellor for Academic Affairs, Mr Joseph B. Berger; the Vice Chancellor for Student Affairs, Ms Karen Ferrer-Muñiz; and the Vice Provost of Research and Strategic Initiatives, Mr Bala Sundaram. She also attended a reception hosted by the Mayor of Boston Ms Michelle Wu for key international biotech leaders and stakeholders.
Issued at HKT 7:40

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CategoriesMIL-OSI

MIL OSI Asia Pacific News –

June 18, 2025
MIL-OSI: PBK Miner: Revolutionizing Bitcoin Mining with Free Cloud Mining and Sustainable Technology
Source: GlobeNewswire (MIL-OSI)

Carshalton, UK, June 17, 2025 (GLOBE NEWSWIRE) — PBK Miner is a UK-based company that has reshaped the cryptocurrency mining landscape with its innovative cloud mining contracts. Today, the company takes a deep dive into how its platform is leading the latest cryptocurrency cloud mining revolution. The cloud mining service provided by PBK Miner is designed to help users increase their income in a passive way, allowing them to accumulate cryptocurrency wealth in the shortest possible time.

With the continuous advancement of technology, the world is gradually moving towards an operating model based on renewable energy. PBK Miner uses renewable energy such as solar energy and wind energy to power its cloud mining business, significantly reducing mining costs and feeding excess electricity back to the grid. This not only effectively saves energy consumption, but also brings considerable returns to investors, demonstrating the huge potential of new energy.

In the fast-growing cryptocurrency space, simplicity and profitability are crucial, and the cloud mining offered by the company is undoubtedly an attractive option for newcomers who want to earn a stable income.

What is Cloud Mining

Cloud mining is a remote cryptocurrency mining technology that covers a variety of cryptocurrencies, such as Bitcoin mining. In this way, users can use the computing power of cloud mining companies to achieve profitability and avoid personal investment in hardware and maintenance. Users can access large mining farms with powerful computing power, which will work tirelessly to crack cryptocurrency puzzles and receive cryptocurrency rewards.

Benefits of Cloud Mining
- Easy investment: Users can easily invest without complicated procedures
- No need to buy hardware: Users do not need to buy any professional mining equipment, which lowers the investment threshold.
- No technical knowledge required: For beginners, cloud mining has low technical requirements and is easy to get started
- No operating costs: Users do not need to bear operating costs such as electricity and maintenance fees during the mining process
- Flexibility and reliability: Cloud mining provides flexible options, and users can adjust their investment strategies according to their needs
- Start immediately: Interested users can quickly start mining without tedious preparations
Why choose PBK Miner

PBK Miner is committed to providing efficient and clean energy. The platform was founded in the UK in 2019 and currently has more than 8 million members worldwide. Since its establishment, the company has always focused on the Bitcoin mining business. At present, PBK Miner not only has advanced mining technology, but also has deployed multiple large-scale mining farms. According to statistics provided by the company, PBK Miner accounts for about 5.3% of the global computing power.

About PBK Miner

Founded in 2019 and headquartered in England, PBK Miner is a global leader in the cryptocurrency cloud mining industry. After years of development and continuous growth, we currently have more than 100 large-scale environmentally friendly energy mining farms around the world, with users in 183+ countries and regions. We are deeply trusted by more than 8 million users around the world and are committed to always being at the forefront of blockchain and cryptocurrency technology applications.

PBK Miner Platform Advantages

Cutting-edge equipment: The platform uses equipment provided by top mining machine manufacturers such as Bitmain, Antminer, and Jueneng Combination Miner to ensure the stable operation and efficient production capacity of Bitcoin mining machines.

Legality and global users: PBK Miner was legally established in the UK in 2019 and is protected and regulated by the British government. With advanced technology, it has attracted more than 8 million real users around the world.

Intuitive interface: The platform’s user-friendly interface design allows cryptocurrency novices to easily get started and navigate smoothly.

Support for a variety of popular cryptocurrencies: Users can settle a variety of popular cryptocurrencies, such as USDT-TRC20, BTC, ETH, LTC, USDC, BNB, USDT-ERC20, BCH, DOGE, SOL (Solana), XRP, etc.

Stable income: The contracts launched by the platform have daily income, and the principal is automatically returned when the contract expires to ensure the safety of user investment.

Professional team: The platform has an experienced IT team and a 24/7 real-time customer service team to solve problems for users at any time.

Affiliate Program: By referring a friend, you can earn up to $30,000 in referral bonuses, increasing your earning opportunities.

How to join PBK Miner

Register: Register now to get a $10 bonus ($0.60 for daily sign-in).

Choose a contract: After successfully registering, the next step is to choose a mining contract that meets your goals and budget. PBK Miner offers a variety of contracts to meet different needs, whether you are a novice or an experienced miner, you can easily get started.

Start making profits: After selecting and activating a mining contract, you just need to wait for the system to do all the work for you. PBK Miner’s advanced technology ensures that your mining operations run efficiently, thereby maximizing your potential profits.

Choose the contract that suits your investment strategy:

Experience contract: investment amount: $100, total net profit: $100 + $7.

Classic contract: investment amount: $500, total net profit: $500 + $32.5.

Classic contract: investment amount: $3000, total net profit: $3000 + $870.

Prepaid contract: investment amount: $5000, total net profit: $5000 + $2325.

Advanced contract: investment amount: $10,000, total net profit: $10,000 + $7425.

As your mining activity progresses, earnings will begin to accumulate in your account. You can track your mining progress through the platform dashboard and withdraw your earnings when you are ready.

For more information about the new contract, please visit the official PBK Miner platform website: https://pbkminer.com/.

In short

PBK Miner is a company legally registered in the UK, focusing on network encryption technology services. It is authorized and regulated by the UK Financial Services Authority and strictly abides by local laws and regulations. PBK Miner provides a simple and convenient way to make profits from cloud mining. Whether you are a mining novice or an experienced investor, the platform aims to help users easily maximize their profits.

Start using PBK Miner’s worry-free cloud mining solution now and increase your income!

For more details, please visit the PBK Miner official website:

https://pbkminer.com/, or download our mobile apps from Google Play and Apple Store.

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

The MIL Network –
June 18, 2025
MIL-OSI: WTW appoints Ryan Pischke Growth Leader for Michigan and Ohio

Source: GlobeNewswire (MIL-OSI)

NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: Willis Towers Watson), a leading global advisory, broking, and solutions company, is pleased to announce the appointment of Ryan Pischke as Growth Leader for Michigan and Ohio within its Corporate Risk & Broking (CRB) segment in North America.

With more than two decades of experience in insurance brokerage and client advisory services, Pischke brings a proven track record of revenue growth, talent development, and strategic leadership across complex markets. In this role, Ryan will be responsible for accelerating WTW’s presence in the Michigan and Ohio markets through client relationship development, talent acquisition, community engagement, and brand elevation.

“Ryan’s leadership and market insight will be instrumental as we continue to build a dynamic and inclusive growth culture in two of our most strategically important markets,” said Mark Vila, Midwest Leader, CRB, North America. “His experience in both client-facing and operational leadership roles, combined with his passion for talent development, make him the ideal fit for this position.”

As Growth Leader, Ryan will collaborate across industry verticals, broking teams, and client service groups to deliver integrated solutions and exceptional client experiences. He will also lead initiatives to recruit revenue-generating talent, drive cross-segment sales opportunities, and spearhead innovation through community and brand-building efforts.

Prior to joining WTW, Ryan held leadership roles at Gallagher Bassett and most recently served as the President of Property and Casualty in the Central Region at USI, where he was recognized for his success in building high-performing teams and fostering enduring client relationships.

Melissa Dunn, Deputy Midwest Leader and Head of CRB Ohio, Pittsburgh and Michigan, added, “I am thrilled to welcome Ryan to the team, where I am sure he will contribute to our culture of collaboration, innovation, and client impact. I look forward to working with him to drive sustainable growth while strengthening our commitment to clients, colleagues, and the communities we serve.”

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.

Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.

Learn more at wtwco.com.

Media Contact

Douglas Menelly
Douglas.Menelly@wtwco.com +1 (516) 972-0380

Arnelle Sullivan
Arnelle.Sullivan@wtwco.com +1 (718) 208-0474

The MIL Network –

June 18, 2025
MIL-OSI: Concerned Stockholders Affirm Nomination of Director Candidates to Drive Change at Ionic

Source: GlobeNewswire (MIL-OSI)

Reiterate Commitment to Fight for Liquidity and Transparency Against Entrenched Incumbents

Set Record Straight on Ionic’s Most Recent Misleading Statements

Urge Their Fellow Stockholders to Learn More About Their Plan for Change at www.ionicvote.com

SAN FRANCISCO, June 17, 2025 (GLOBE NEWSWIRE) — Tony Vejseli, Chris Villinger, and Brett Perry (the “Concerned Stockholders”), stockholders of Ionic Digital Inc. (“Ionic” or the “Company”), today issued a public letter to their fellow stockholders announcing that, pursuant to the ruling of the Delaware Court of Chancery that the Ionic board of directors breached its fiduciary duty and ordering the Company to reopen its nomination window for director candidates, the Concerned Stockholders have submitted a new nomination of their two highly qualified candidates, Mike Abbate and Oliver Wiener, for the two Class I Board seats up for election at the Company’s 2025 annual meeting of stockholders scheduled for July 2, 2025.

The full text of the letter can be found on the Concerned Stockholder’s website at www.ionicvote.com and below:

Fellow Ionic Digital Stockholders:

Tony Vejseli, Chris Villinger, and Brett Perry (together, the “Concerned Stockholders,” “we,” or “us”) are stockholders of Ionic Digital Inc. (“Ionic” or the “Company”) and have long been committed to fighting for the rights of our fellow stockholders. We believe our recent victory in the Delaware Court of Chancery, in which the court found that the Ionic board of directors (the “Board”) breached its fiduciary duties in seeking to entrench itself by reducing the size of the Board as a defensive tactic in the midst of a proxy contest. This ruling against each of the current Board members vindicates many of our concerns regarding the disgraceful lack of oversight and disregard for stockholder rights at Ionic.

Pursuant to the court’s order that the Company reopen its nomination window for director candidates for election to the two open Class I Board seats at the Company’s 2025 annual meeting of stockholders scheduled for July 2, 2025 (the “Annual Meeting”), we are pleased to announce that we have re-nominated Mike Abbate and Oliver Wiener, two highly-qualified candidates whom we have vetted thoroughly and are confident possess the background and experience in capital markets, corporate finance and the cryptocurrency space that we believe is necessary drive the much-needed change highlighted by the Delaware Court of Chancery’s decision and finally put stockholder value first at Ionic. The bios of our candidates are below, and interested stockholders can learn more at www.ionicvote.com.

We also feel it is critical to set the record straight regarding certain misleading claims made by Ionic in its latest stockholder communication. While we are confident that no stockholder of Ionic would take the current Board’s statements at face value, given its long history of obfuscation and documented failure to focus on stockholder interests, we believe that stockholders deserve the whole truth, and that the election at the Annual Meeting should be made on a fully-informed basis and not be manipulated by misleading insinuations and distortions.

For instance, the Board purports to believe that our interests conflict with those of our fellow stockholders. But nothing could be further from the truth – our only interests, and the only interests of our director candidates, are in creating stockholder value and generating liquidity after the long and undeserved drought spearheaded by the incumbent Board. Neither we nor any of our director candidates have any commitment to pursuing any particular liquidity pathway, and if elected, Messrs. Abbate and Wiener would consider all options for liquidity consistent with their fiduciary duties to stockholders – something the incumbent Board is clearly and demonstrably incapable of doing itself.

Ionic also attempts to smear Mr. Wiener’s stellar reputation as a successful veteran of fintech and blockchain-based investments by focusing exclusively on his experience as a member of the advisory board of FTX, an advisory position of platitude, not fiduciary duty. Ionic refuses to acknowledge Mr. Wiener’s deep experience with and understanding of the cryptocurrency industry, a depth of expertise not possessed by a single member of the incumbent Board.

Ionic falsely claims that Elizabeth LaPuma is the only nominee with decades of experience in capital markets, corporate finance and corporate transformation – but Mr. Wiener, not Ms. LaPuma, is the only candidate for election to the Board who served as senior leadership of an investment bank for two decades and founded a private equity firm, bringing more capital markets and finance experience to the table than the entire incumbent Board, including Ms. LaPuma. We further emphasize that among the many impressive and relevant items on Mr. Wiener’s resume, there is not a single judgment by a court that he ever breached a fiduciary duty to his stockholders, nor any period of failure in which he sat on a board for a year and a half collecting obscene board fees and juggling a rotating cast of executives, consultants, and auditors while failing to deliver on repeated promises of liquidity for long-suffering stockholders – which is more than can be said for any member of the Ionic Board.

Finally, we note that Ionic’s most recent stockholder communication includes some limited scraps of operational data, and we applaud the Company for recognizing, if only belatedly and only as a result of our hard-fought engagement, that it needs to communicate with stockholders. But we emphasize that these communications remain sporadic, opportunistic, and incomplete. It should be highly concerning to all Ionic stockholders that the Company has failed to produce an annual report or any standard financial disclosures. Critically, over a year and a half of existence, Ionic has still never released a single data point regarding its costs and expenses. In fact, we understand the Company has engaged three separate investment banks, but has failed to disclose exactly how much it is paying these expensive advisors. Stockholders deserve to know how much of our money is being burned by a Board that has already demonstrated that it doesn’t care about its duties to its stockholders.

The Concerned Stockholders believe that the incumbent Board has had more than adequate opportunity to prove itself, and it has failed. Over the last year and a half, the incumbent Board has proven only that it lacks the necessary experience to oversee the business of Ionic. As Scott Flanders himself testified in the Delaware Court of Chancery, regarding the operations of the Company:

“…material safety issues, just gross negligent construction, not adhering to any kind of best practices, the performance, and lack of responsiveness from Hut 8.”

Stockholders deserve real change – we urge you to throw away your WHITE proxy card and vote for Mike Abbate and Oliver Wiener on the GOLD Proxy Card today to cast a vote for restoring transparency, accountability, and liquidity to Ionic.

Learn more at www.ionicvote.com

Contact Information
Investor Contact:
Saratoga Proxy Consulting LLC
John Ferguson / Ann Marie Mellone
(888) 368-0379
(212) 257-1311
info@saratogaproxy.com

Our Candidates:

Michael Abbate, age 46, currently serves as an Advisor to Figure Markets Holdings, Inc. (“Figure Markets”), a decentralized custody and exchange for financial assets, since February 2025. Previously, Mr. Abbate served as Chief Investment Officer of Figure Markets, from January 2024 to January 2025. Prior to Figure Markets, Mr. Abbate served as Managing Partner of NovaWulf Digital Management, LP (“NovaWulf”), an investment manager focused on digital assets, from August 2021 to January 2024 and as a private investor from January 2021 to August 2021. Earlier in his career, Mr. Abbate worked for over 16 years at King Street Capital Management, L.P., a leading global alternative asset manager, most recently as a Member, from March 2004 to December 2020. Mr. Abbate started his career as an investment banker in global technology at Morgan Stanley and received a Bachelor of Computer Science and Engineering from Dartmouth College.

Oliver Wiener, age 47, has served as Founder and Managing Partner of Kensington Merchant Partners, a merchant bank, investment management and corporate development advisory business focused on Financials, Fintech, Insurance, Insuretech and Blockchain verticals, since January 2023. Previously, he served as a Portfolio Manager at Standard Investments LLC, an investment platform focused on the intersection of industry and technology, from May 2021 to December 2022. Prior to that, Mr. Wiener served as Co-Founder and Partner at BTIG, LLC, a global financial services firm, from March 2003 to May 2021. Mr. Wiener currently serves as a member of the board of directors of Chain Bridge I, a special situations fund focused on convertible bonds, SPAC securities, PIPEs, warrants and public equities, since February 2024, and The National Security Group, Inc., an insurance holding company, since October 2024. He has also served as a board observer at Figment Inc., a leading provider of blockchain infrastructure, since 2022, an advisory board member at Extend, an AI enabled post purchase protection Insurtech since 2021 and an advisor at Figment Capital, a Web3 infrastructure investment fund, since July 2021, Hangar, a private equity sponsor focused on technology and public sector markets, since March 2023, and the Opportunity Network, a non-profit focused on providing access to college and professional mobility for underrepresented students, since January 2021. He is also an active member of the Economic Club of New York and the University of Wisconsin College of Letters and Science Board of Visitors, as well as the UW Technology Entrepreneurship Office Advisory Council. Previously, he served as a member of the board of directors of Interchecks Technologies, Inc., a payment technology company, from January 2022 to January 2023, and as an advisory board member at Anchor Labs Inc., a software developer, from the spring of 2020 to the winter of 2023. Mr. Wiener also served as a founding member and President of the board of the Association for Digital Asset Markets, a private, non-profit, industry-led, broad-based association of firms operating in the digital asset space, from November 2018 to May 2021, and was a member of Prince’s Trust US Finance Committee from January 2019 to December 2023. Mr. Wiener began his career as an equities analyst at CIBC Oppenheimer. He received a B.A. in Political Science and International Relations from the University of Wisconsin-Madison.

The MIL Network –

June 18, 2025
MIL-OSI: Bitdeer Announces Proposed Private Placement of US$300.0 Million of Convertible Senior Notes

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, June 17, 2025 (GLOBE NEWSWIRE) — Bitdeer Technologies Group (Nasdaq: BTDR) (“Bitdeer” or the “Company”), a world-leading technology company for Bitcoin mining, today announced that it intends to offer, subject to market conditions and other factors, US$300.0 million principal amount of Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also intends to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$45.0 million principal amount of notes.

The notes will be general senior unsecured obligations of the Company and will accrue interest payable semiannually in arrears. Upon conversion, the Company will pay or deliver, as the case may be, cash, Class A ordinary shares par value US$0.0000001 per share, of the Company (the “Class A ordinary shares”) or a combination of cash and Class A ordinary shares, at its election. The interest rate, initial conversion rate, repurchase or redemption rights and certain other terms of the notes will be determined at the time of pricing of the offering.

Use of Proceeds

The Company intends to use a portion of the net proceeds from the offering to pay the cost of the zero-strike call option transaction and to pay the cash consideration for the concurrent note exchange transactions, each as described below. The Company intends to use the remaining net proceeds from the offering for datacenter expansion, ASIC based mining rig development and manufacture, as well as working capital and other general corporate purposes. If the initial purchasers exercise their option to purchase additional notes, the Company expects to use the net proceeds from the sale of the additional notes for datacenter expansion, ASIC based mining rig development and manufacture, as well as working capital and other general corporate purposes as described above.

Zero-Strike Call Option Transaction

In connection with the pricing of the notes, the Company intends to enter into a privately negotiated zero-strike call option transaction with one of the initial purchasers or its affiliate (the “option counterparty”) and, having an expiration date that is scheduled to occur shortly after the maturity date of the notes. Pursuant to the zero-strike call option transaction, the Company would pay a premium for the right to receive, without further payment, a specified number of Class A ordinary shares (subject to customary adjustment), with delivery thereof by the option counterparty at expiry, subject to early settlement of the zero-strike call option transaction in whole or in part at the option counterparty’s discretion. In the case of settlement at expiration or upon any early settlement, the option counterparty would deliver to the Company the number of Class A ordinary shares underlying the zero-strike call option transaction or the portion thereof being settled early. The zero-strike call option transaction is intended to facilitate privately negotiated derivative transactions with respect to the Class A ordinary shares between the option counterparty (or its affiliate) and certain investors in the notes by which those investors will be able to hedge their investment in the notes. Those activities, which are expected to occur concurrently with or shortly after the pricing of the offering, could increase (or reduce the size of any decrease in) the market price of the Class A ordinary shares and/or the notes at that time.

The option counterparty (or its affiliate) may modify its hedge positions by entering into or unwinding derivative transactions with respect to the Class A ordinary shares and/or purchasing or selling Class A ordinary shares or other securities of the Company in secondary market transactions at any time following the pricing of the notes and shortly before or after the expiry or early settlement of the zero-strike call option transaction, and, the Company has been advised that the option counterparty may unwind its derivative transactions and/or purchase or sell the Class A ordinary shares in connection with the expiry of the zero-strike call option transaction or any early settlement of the zero-strike call option transaction at the option counterparty’s discretion, including any early settlement relating to any conversion, repurchase or redemption of the notes. Those activities could also increase (or reduce the size of any decrease in) or decrease (or reduce the size of any increase in) the market price of the Class A ordinary shares and/or the notes.

If the zero-strike call option transaction fails to become effective, whether or not the offering is completed, the option counterparty may unwind its hedge positions with respect to the Class A ordinary shares, which could adversely affect the market price of the Class A ordinary shares and, if the notes have been issued, the market price of the notes.

Concurrent Note Exchange Transaction

Concurrently with the pricing of the notes in the offering, the Company expects to enter into one or more privately negotiated transactions with one or more holders of 8.50% convertible senior notes due 2029 (the “August 2029 notes”) to exchange for cash and Class A ordinary shares certain of its August 2029 notes on terms to be negotiated with each holder (each, a “note exchange transaction”). The terms of each note exchange transaction will depend on a variety of factors. No assurance can be given as to how much, if any, of the August 2029 notes will be exchanged or the terms on which they will be exchanged. This press release is not an offer to exchange the August 2029 notes, and the offering of the notes is not contingent upon the exchange of the August 2029 notes.

In connection with any note exchange transaction, the Company expects that holders of the August 2029 notes who agree to have their August 2029 notes exchanged and who have hedged their equity price risk with respect to such notes (the “hedged holders”) will unwind all or part of their hedge positions by buying the Class A ordinary shares and/or entering into or unwinding various derivative transactions with respect to the Class A ordinary shares. The amount of the Class A ordinary shares to be purchased by the hedged holders or in connection with such derivative transactions may be substantial in relation to the historical average daily trading volume of the Class A ordinary shares. This activity by the hedged holders could increase (or reduce the size of any decrease in) the market price of the Class A ordinary shares, including concurrently with the pricing of the notes. The Company cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or the Class A ordinary shares.

The notes and any Class A ordinary shares issuable upon conversion of the notes have not been and will not be registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification thereof under the securities laws of any such state or jurisdiction.

About Bitdeer Technologies Group

Bitdeer is a world-leading technology company for Bitcoin mining. Bitdeer is committed to providing comprehensive Bitcoin mining solutions for its customers. The Company handles complex processes involved in computing such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations. The Company also offers advanced cloud capabilities to customers with high demand for artificial intelligence. Headquartered in Singapore, Bitdeer has deployed datacenters in the United States, Norway, and Bhutan.

Forward-Looking Statements

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among others, statements relating to Bitdeer’s expectations regarding the proposed terms and the completion, timing and size of the proposed offering, the note exchange transactions and the zero-strike call option transaction, the expected use of proceeds from the sale of the notes and potential impact of the foregoing or related transactions on the market price of the Class A ordinary shares or the trading price of the notes. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including risks and uncertainties associated with market conditions, whether Bitdeer will offer the notes, enter into the note exchange transactions and the zero-strike call option transaction or be able to consummate the proposed offering, the note exchange transactions and the zero-strike call option transaction at the anticipated size or on the anticipated terms, or at all, and the satisfaction of closing conditions related to the proposed offering and the note exchange transactions, as well as discussions of potential risks, uncertainties and other factors discussed in the section entitled “Risk Factors” in Bitdeer’s annual report on Form 20-F, as well as those discussed in Bitdeer’s subsequent filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements as there are important factors that could cause actual results to differ materially from those in forward-looking statements, many of which are beyond Bitdeer’s control. Any forward-looking statements contained in this press release speak only as of the date hereof. Bitdeer specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

For investor and media inquiries, please contact:

Investor Relations
Orange Group
Yujia Zhai
bitdeerir@orangegroupadvisors.com

Public Relations
BlocksBridge Consulting
Nishant Sharma
bitdeer@blocksbridge.com

The MIL Network –

June 18, 2025
MIL-OSI USA: Sen. Scott Champions Historic Senate Passage of GENIUS Act

US Senate News:

Source: United States Senator for South Carolina Tim Scott
WASHINGTON — Today, the United States Senate passed the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act – legislation Senator Tim Scott (R-S.C.) co-sponsored and championed as it advanced through the Senate. The GENIUS Act – which is led by Senator Bill Hagerty (R-Tenn.) and also cosponsored by Senator Kirsten Gillibrand (D-N.Y.), Senator Cynthia Lummis (R-Wyo.), and Senator Angela Alsobrooks (D-Md.) – establishes a first of its kind regulatory framework for payment stablecoins, protecting consumers and strengthening national security. Under Senator Scott’s leadership, the bill passed the Senate Banking Committee in March, with every Republican and five Democrats supporting it.
“Today is a bold step forward – not just for financial innovation, but for American leadership, consumer protection, and economic opportunity. With the GENIUS Act, we’re bringing clarity to a sector that’s been clouded by uncertainty and proving that bipartisan, principled leadership can still deliver real results for the American people. This did not happen by accident. It happened because we led – across the aisle and with purpose. I’m especially grateful to Senator Hagerty for his leadership, as well as the hard work of many of my colleagues to get this across the finish line,” said Senator Scott.
BACKGROUND:
Upon becoming Chairman of the Senate Banking Committee, Scott pledged to advance a regulatory framework that will provide clarity for the digital assets industry and promote consumer choice, education, and protection. Building on that promise, Senator Scottcreated the first-ever Subcommittee on Digital Assets, led by Senator Cynthia Lummis (R-Wyo.).
In its first legislative markup of the 119th Congress, and after considering nearly 40 amendments to the bill, the Senate Banking Committee voted to advance the GENIUS Act, with every Republican and five Democrats supporting it.
Ahead of the Senate’s vote on the bill, key stakeholders voiced support for the legislation. After the Senate voted to begin consideration of the bill, Senator Scott issued astatement and spoke on the Senate floor highlighting the importance of passing the bill, noting that the GENIUS Act is the result of months of good-faith, bipartisan negotiations and has benefited from extensive consultation with industry participants, legal and academic experts, and government stakeholders.
To read Senator Scott’s op-ed in the Washington Examiner on the GENIUS Act, click here.

MIL OSI USA News –

June 18, 2025
MIL-OSI Russia: IMF Staff Concludes Staff Visit to Liberia

Source: IMF – News in Russian

June 17, 2025

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. This mission will not result in a Board discussion.

Monrovia, Liberia: An International Monetary Fund (IMF) staff team, led by Mr. Daehaeng Kim, Mission Chief for Liberia, visited Monrovia from June 4 – 17, 2025, to conduct the 2025 Article IV Consultation and the Second Review under the Extended Credit Facility (ECF) arrangement.

At the conclusion of the mission, Mr. Kim issued the following statement:

“The IMF staff held engaging and constructive discussions with the authorities on recent macroeconomic developments, the economic outlook, and medium-term policy priorities under the Article IV Consultation, as well as the performance and policies supported by the Extended Credit Facility arrangement.

“The authorities have continued to make progress in maintaining macroeconomic stability, and their commitment to reform remains strong. Slow mining activity and fiscal adjustment were key factors that moderated economic activity in 2024. A significant reduction in unproductive expenditures combined with recovery of tax revenues contributed to an impressive fiscal outturn, with the primary fiscal balance improving from a deficit of 4.2 percent of GDP in 2023 to a surplus of 1.3 percent of GDP in 2024. Inflation reached 13.1 percent in February 2025, driven primarily by domestic food prices, but has come down to 11.7 percent in May. The current account has improved significantly. Overall, program performance has been broadly satisfactory.

“The medium-term outlook has been marked down due to the sudden stop of aid flows and less favorable global environment. The growth outlook is supported by a rebound in mining activity, a recovery in agriculture and sustained growth in manufacturing and services. Inflation is projected to return to single digits, supported by prudent fiscal and monetary policies and projected lower global food and crude oil prices. The current account is expected to narrow further, while the debt-to-GDP remains on a sustainable path.

“Policy dialogue under the Article IV Consultation focused on structural reforms to tackle significant development needs, mitigate climate risks, and promote private sector growth and economic diversification to achieve sustained and inclusive growth.

“IMF staff and the authorities have reached understandings on most key macroeconomic policies for the second review of the ECF arrangement. Discussions on a few outstanding issues will continue virtually, with the goal of finalizing the staff level agreement (SLA) in the coming weeks.

“IMF staff express its gratitude to the authorities and all other counterparts for their warm hospitality and constructive engagement.”

“The team met with the leadership of the national legislature, Minister of Finance and Development Planning, Mr. Augustine K. Ngafuan, Executive Governor of the Central Bank of Liberia, Mr. Henry F. Saamoi, senior government officials, development partners, representatives of the private sector and civil society.”

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Wafa Amr

Phone: +1 202 623-7100Email: MEDIA@IMF.org

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2025/06/17/pr-25200-liberia-imf-staff-concludes-staff-visit-to-liberia

MIL OSI

MIL OSI Russia News –

June 18, 2025
MIL-OSI United Kingdom: Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
Source: United Kingdom – Executive Government & Departments

Press release

Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts

UK Export Finance supports renewable energy tech company Dulas to deliver life-saving vaccine refrigerators to over 80 countries worldwide.
Government backing helps secure British manufacturing jobs and strengthen UK’s position in global health innovation

A Welsh renewable energy company is helping to protect millions of people against preventable diseases in developing countries with backing from UK Export Finance (UKEF) – the government’s export credit agency – and HSBC UK.

The Machynlleth-based company developed the world’s first mass-produced solar-powered vaccine refrigerator in 1982. Since then, its pioneering technology has supported vital immunisation efforts for some of the hardest-to-reach communities in over 80 countries across Africa, Asia and Latin America.

In 2022, following the challenges of the Covid pandemic, Dulas approached Stephen Wilson, UKEF’s Export Finance Manager for Wales. Through Wilson’s assistance, HSBC UK provided a £600,000 finance package backed by UKEF’s General Export Facility (GEF). This finance enabled the Welsh company to future-proof its operations and maintain consistent production capabilities.

Since that first financial package, the successful partnership between Dulas, UKEF and HSBC UK has been reviewed and renewed annually, with new facilities for £600,000 in 2023 and £800,000 in 2024. This has enabled the company to provide critical equipment to even more immunisation programmes across the world.

The company has grown to employ around 100 staff at its headquarters in Mid Wales, its branch office in Inverness (Scotland) and its manufacturing facility in Bognor Regis (West Sussex).

Gareth Thomas, Minister for Exports, said:

We’re committed to removing barriers to trade and helping more businesses of all sizes across the country reach new overseas markets.

I’m delighted to see Dulas expanding production of their world-leading technology thanks to government support.

Jo Stephens, Secretary of State for Wales, said:

Dulas is a fantastic success story and demonstrates how Welsh expertise can lead to a brilliant UK-wide and global operation.

I’m delighted to see UK Export Finance supporting a Welsh business that is not only driving our economy forward but also contributing to international goals in health and renewable energy.

As the only UK manufacturer of vaccine fridges certified with the World Health Organisation’s Performance, Quality and Safety standard (PQS), Dulas’s cold chain products can be confidently deployed by UN agencies and other humanitarian organisations across programmes worldwide. Research and development support from the Welsh Government has helped Dulas to enhance its product portfolio and meet the stringent PQS accreditation.

Tim Reid, CEO at UK Export Finance, said:

Dulas exemplifies the best of British innovation – combining renewable energy expertise with life-saving healthcare technology.

Their story provides a fantastic example how UK Export Finance can help our businesses supply vital equipment across the globe, while supporting quality manufacturing jobs at home.

Ruth Chapman, Executive Managing Director at Dulas, said:

The GEF facility has been an invaluable tool for our export business, supporting us to manage our business in a challenging, but very rewarding, sector.

We are very proud to manufacture our products within the UK and to contribute towards global efforts to eradicate common childhood illnesses, and international humanitarian efforts.

Orders for Dulas’s vaccine fridges often follow unpredictable situations such as conflict or natural disasters. Although buyers may request a high number of units – ranging last year between 100 to 300 per order – the frequency of orders can fluctuate significantly. UKEF’s support has enabled Dulas to smooth out the peaks and troughs between production and demand, ensuring cash flow and consistent factory operations.

Lyndsey Connor, Relationship Director, Corporate Banking at HSBC UK, said:

At HSBC UK, we’re committed to supporting innovative businesses as they expand into global markets. Dulas exemplifies the type of forward-thinking company that drives sustainable economic growth and creates skilled jobs in Wales and elsewhere in the UK.

Working alongside UKEF, we’ve been able to provide a financing solution that addresses Dulas’ unique business cycle challenges.

Contact

Media enquiries:

Email newsdesk@ukexportfinance.gov.uk

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Published 18 June 2025
MIL OSI United Kingdom –
June 18, 2025
MIL-OSI United Kingdom: New plans to supercharge UK cyber sector
Source: United Kingdom – Executive Government & Departments

Press release

New plans to supercharge UK cyber sector

The UK’s growing cyber security sector will be boosted by millions in new investment and a new Cyber Growth Action Plan, as part of the government’s Plan for Change.
New Cyber Growth Action Plan to boost jobs and innovation, growing the UK’s £13.2 billion cyber sector.

Up to £16 million in new funding to turn cutting edge innovation into new business, and boost cyber startups

Cyber experts from defence and big tech set to advise government on public sector cybersecurity, amid growing threats.

The UK’s growing and cutting edge cyber security sector will be boosted by millions in new investment and a roadmap for growth, as part of the Plan for Change.

The government has today [Wednesday 18 June] set out the Cyber Growth Action Plan that will chart a course for the UK’s thriving cyber industry, including the technologies, processes, and services designed to protect digital systems, to continue to grow – with the sector already generating £13.2 billion in annual revenue and supporting over 67,000 jobs in 2024.

Led by independent experts at University of Bristol and Imperial College London’s Centre for Sectoral Economic Performance, the Plan will examine the strengths of the UK’s cyber sector and provide a roadmap for its future growth. This will culminate with a set of recommendations later this summer for government to plot out what steps can be taken to deliver maximum impact.

On top of this, up to £16 million in new investment has been announced in 2 cyber sector programmes to kickstart growth. Up to £10 million in additional funding will be invested in the CyberASAP programme over the next 4 years, which will support the UK’s cutting edge academic cyber sector to turn their research into commercial companies. The programme has already supported the creation of 34 spin-out companies which have raised over £43 million in investment. The new funding aims to generate a further 25 spin-outs by 2030 and attract £30 million in additional investment.

To build on the work of the government’s current cyber accelerator Cyber Runway, up to £6 million will be also allocated to support cyber startups and SMEs – helping firms scale, access new markets through trade missions, and strengthen the UK’s wider cyber ecosystem. By backing researchers and entrepreneurs, these programmes will ensure the UK remains a global leader in cyber innovation and growth. This investment will unlock more jobs, support innovation, and bolster Britain’s cyber security.

Cyber Security Minister Feryal Clark said:

Cyber security is essential to our economic strength and national resilience. Today’s announcement is backed by investment showing we’re serious about making the UK a global leader in cyber innovation and protection.

Through our Plan for Change, we’re backing the sector to create high-quality jobs through the Cyber Growth Action Plan and ensuring our public services are built on secure foundations with the expert support of the Government Cyber Advisory Board.

Chancellor of the Duchy of Lancaster Pat McFadden said:

Today’s investment will help to turn innovative ideas into successful businesses up and down the country, and the new research will support our mission to grow the economy.

Recent cyber attacks show just how important it is we foster the development of the sector – delivering the double dividend of high paying jobs as well as strengthening the country’s cyber security.

The Growth Action Plan is due to report later this summer and will feed into the forthcoming National Cyber Strategy, ensuring the UK remains resilient and competitive in an increasingly interconnected world. This is central to the government’s Plan for Change, aimed at driving innovation, creating high-quality jobs and securing long-term economic resilience.

The review is set to cover the supply and demand of cyber goods and services such as protective monitoring and encryption, to understand opportunities for growth. The research will aim to spot new trends and potential areas to capitalise on – as well as explore emerging technologies including AI and Quantum, and identify opportunities to strengthen Britain’s competitive edge. This will in turn protect our digital economy and the new growth which is fundamental to the government’s Plan for Change.

Simon Shiu, Professor of Cyber Security at the University of Bristol and leading the project, said:

The UK Cyber Sector is successful and growing, but so too are the challenges as demonstrated by recent events which have affected businesses and consumers. Based on input from all parts of the Cyber Sector, this project will make independent recommendations to accelerate growth in Cyber, but also to increase cyber-resilience in the other sectors critical to UK security, industry, and prosperity.

Professor Nigel Brandon, Dean of the Faculty of Engineering at Imperial, said:

The Centre for Sectoral Economic Performance (CSEP) at Imperial is uniquely placed to work with the University of Bristol on this important work in a rapidly growing and key sector for the UK economy. This work is aligned with our ambition to help drive economic growth by boosting the UK’s innovation capacity, productivity and competitiveness.

Senior cybersecurity experts from defence, big tech companies, AI labs, academia and more are also advising the government on public sector cybersecurity. Cyber leaders from BAE Systems, Santander, Amazon Web Services, Microsoft, and Google DeepMind will form the new iteration of the Government Cyber Advisory Board, which will play a key role in supporting the government’s goal to strengthen the public sector’s cyber resilience. This aligns with the government Cyber Security Strategy and underpins the delivery of secure digital services across government.

The cyber sector will be a key focus of the upcoming Industrial Strategy – becoming a central pillar of the government’s Plan for Change to kick-start growth and put more money in people’s pockets across the UK. Cyber security has become a central part of the government’s plans to secure the economy and drive growth across the country as part of its Plan for Change.

Earlier this year, the Technology Secretary set out his ambition for the forthcoming Cyber Security and Resilience Bill which includes proposals to protect the UK’s supply chains, critical national services, and IT service providers and suppliers and is expected to be introduced to Parliament later this year.

As part of the new measures, hospitals and energy suppliers are set to boost their cyber defences, protecting public services and safeguarding growth.

Notes to editors

You can find the Terms of Reference for the growth review here.

The new board members of the Government Cyber Advisory Board include:

Daniel Cuthbert (co-chair), Global Head of Cyber Security Research, Santander

Bella Powell (co-chair), Government Cyber Director, Government Digital Service

Daniel Card, Cyber Security Consultant

Cate Pye, Global Partner Lead for Digital Trust and Cyber Security, PA Consulting

Heather Bedson, Head of Information Security, BPP

Jeff Moss, President of DEF CON Communications Inc

Jen Ellis, Cyber Security Consultant

Asif Matadar, CEO and Founder, cyberwargames.ai

Dr Simon Parkinson, Professor of Cyber Security, University of Huddersfield

Julia Spain, Partner, Ashurst Risk Advisory

Nicole Fowler, Chief Information Security Officer, Bank of Ireland UK

Thomas Harvey, Chief Information Security Officer (CISO), Santander UK

Richard Palk, Managing Director Security, Accenture UK

Sam Kirby-French, Group CISO, BAE Systems

Phil Legg, Professor in Cyber Security, University of the West of England

Mark Evans, Principal Security Strategist, Amazon Web Services

Sarah Armstrong-Smith, Chief Security Advisor, Microsoft

Ian Thompson, Senior Government Cyber Advisor, Middle East and North Africa, Google

Eleanor Sim, Director Security Strategy and Architecture, Chief Security Architect, Bupa

Euan Birch, Head of Cyber Security Operations, SP Energy Networks

Vijay Bolina, Chief Information Security Officer, Head of Cybersecurity Research, DeepMind

Daniel Cuthbert (industry co-chair):

It is an honour to co-chair the UK Government Cyber Advisory Board (GCAB). Our strength comes from the close partnership between public and private sector experts, drawing on a wide range of experience to help protect the UK. As cyber threats continue to evolve, strong cyber security is essential to safeguarding our economy, protecting public services, and supporting everyday life. The diversity of expertise on the board plays a vital role in ensuring the UK remains resilient, innovative and secure.

Ian Thompson:

The Government Cyber Advisory Board plays a vital role in bringing together expertise from across government and a wide set of industry sectors. This cross-sector collaboration not only accelerates the sharing of best practices and experience but also ensures balanced perspectives and mutual learning — something I’m personally finding invaluable.

Sarah Armstrong-Smith:

From laggards to leaders – in an era where cyber-attacks are coming thick and fast, GCAB has the opportunity to take a commanding role, setting the right path and principles for how the UK should respond to this systemic threat. This requires a whole-of-society approach to build collective resilience that inspires confidence in times of uncertainty.

Cate Pye:

I’m delighted to be part of the GCAB, it is a really pivotal part of making sure that the whole of the UK contribute to our cyber security as this becomes increasingly essential to the way we live and work. It is also an exemplar of how government and industry can work as one team to really change the way both government and the private sector pragmatically address cyber challenges together, building trust and competency in both.

Asif Matadar:

It has been an absolute honour to serve as an inaugural member of the Government Cyber Advisory Board. This initiative has already delivered concrete improvements in how government organisations anticipate and mitigate cyber threats, embedding best practice across government. I am therefore delighted that my term has been extended for a further year, during which I will continue to apply my expertise in incident response, cyber skills development and emerging technologies to support the UK government’s mission of building a world‑class, resilient cyber estate by 2030.

Euan Birch:

GCAB reflects the best of trusted public-private partnerships, embedding strategic collaboration and shared responsibility at the heart of government. As a member, I value the opportunity to support government in its mission to strengthen the UK’s resilience to cyber attacks and help secure its position as a global leader.

Heather Bedson:

Being part of the GCAB is an opportunity to drive change and improve the Government’s cyber resilience by using expertise from a wide range of industries. I enjoy being part of the GCAB, as it’s an opportunity to share my experiences while collaborating with colleagues across the sector who I might not have otherwise met.

DSIT media enquiries

Email press@dsit.gov.uk

Monday to Friday, 8:30am to 6pm 020 7215 3000

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Published 18 June 2025
MIL OSI United Kingdom –
June 18, 2025
MIL-OSI USA: ICYMI—Hagerty Joins America Reports on Fox News to Discuss Conflict in Middle East

US Senate News:

Source: United States Senator for Tennessee Bill Hagerty

WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, joined America Reports on Fox News to discuss the conflict in the Middle East.

*Click the photo above or here to watch*

Partial Transcript

Hagerty on Trump preventing Iran from obtaining a nuclear weapon: “What you’ve heard President [Donald] Trump say time and again, is that he’s not going to allow Iran to have a nuclear weapon. I think you’ve also heard President Trump say that he doesn’t want us to engage in more of these endless wars. So, whatever President Trump does—and I know that he’s three steps ahead of everybody else here—whatever he does, it’s going to be putting America’s interest first. It’s going to be bringing Iran to a point where they do not have a nuclear weapon. That’s the stated objective, and it’s going to have to happen very, very quickly. I don’t think the timeframe that Senator [Tim] Kaine is considering is relevant to this situation at all. President Trump wants to see the carnage come to an end. He’s been clear about that here. He’s been clear about that with Ukraine. He wants to see the loss of lives over. This regime has been extremely difficult to deal with. I’ve seen President Trump deal with this regime before. I served in his administration last time. The ‘Maximum Pressure Campaign’ that he imposed was working. Regretfully, the Biden administration put us back on this same train that [former President Barack] Obama had us on, with respect to Iran marching its way toward a nuclear weapon. President Trump is not going to allow that to happen. He’s had a much more difficult hand to deal with here. That’s why the Israelis have stepped in. They’ve seen the threat. They’re doing what they need to do. And whatever decision President Trump takes, I can assure you this: he’s going to be taking America’s interest to heart. And again, basic principles here, he wants to see an end of the carnage. He wants to see that end come fast, and he’s not going to allow Iran to have a nuclear weapon.”

Hagerty on the need to resolve the situation quickly: “What I want to be clear about is President Trump has never articulated the need for a regime change. What he wants to do is to bring the Iranians to the table. The Iranians ought to look at this very, very carefully and realize President Trump is not going to allow them to have a nuclear weapon. They may need to consider what the consequence will be if they don’t get to the table and make a deal fast. He’s offering them an offramp here. I think the window’s closing, though. This needs to be resolved quickly.”

Hagerty on Trump’s America First approach: “I know who the person is responsible for making this decision with the United States. I’m not getting ahead of him. This is President Trump’s decision with respect to that. But I’ll say this: the Iranian people will ultimately make the decision, and if the Ayatollahs continue down this path toward a nuclear weapon, I think the decision’s going to become very clear for the Iranian people too. Again, the Ayatollahs need to wake up. They need to consider the options that they have right now, and those options have narrowed dramatically. This needs to stop, and I think President Trump’s going to make certain that it does in a way that advances America’s interests.”

MIL OSI USA News –

June 18, 2025

For more information please contact:	James Greig
	Chief Executive Officer
	Prospect Park Capital Corp.
	Tel: (778) 788-2745

Category: Business

IMF Communications Department

MEDIA RELATIONS

Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts

Gareth Thomas, Minister for Exports, said:

Jo Stephens, Secretary of State for Wales, said:

Tim Reid, CEO at UK Export Finance, said:

Ruth Chapman, Executive Managing Director at Dulas, said:

Lyndsey Connor, Relationship Director, Corporate Banking at HSBC UK, said:

Contact

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New plans to supercharge UK cyber sector

Notes to editors

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