Category: Finance

  • MIL-OSI United Kingdom: Former health charity Chair disqualified for benefitting from almost £350k of charity funds

    Source: United Kingdom – Executive Government Non-Ministerial Departments

    Press release

    Former health charity Chair disqualified for benefitting from almost £350k of charity funds

    The Charity Commission has concluded its inquiry into Island Health Trust.

    In a report published today, the charity regulator concludes there was a significant misuse of funds at Island Health Trust, determining its spending on consultants and advisors excessive, unreasonable and disproportionate. It found former trustees failed to act in the charity’s best interests and did not operate exclusively within the charity’s purposes.

    Island Health Trust was set up to promote the provision of primary healthcare, establish centres to provide healthcare within the London Boroughs of Tower Hamlets and Newham, and provide grants for health-related education and facilities.

    The Commission started monitoring the charity in 2017 following concerns raised about how charity funds were being used and potential private benefit to one or more trustees. The Commission had additional concerns which led it to escalate its engagement to a formal inquiry in November 2017.

    Following an extensive investigation, the Commission has disqualified the charity’s former Chair, Suzanne Goodband, from serving as a trustee. The regulatory action was taken after the inquiry found the former Chair benefitted from £349,955 over a two-year period – amounting to 60% of the charity’s income. The disqualification is in place for 7 years and only applies to being a trustee.

    The Commission is also critical of a decision taken by the charity to appoint a consultant known to the former Chair who was paid a total of £105,834.88 across two financial years.

    Both of these payments were made for project management services after the charity was approached by a property developer in 2014. The proposal would have involved the charity selling a long lease to the developer, potentially generating more income for the charity. However, the benefits were speculative.

    After being approached, the trustees spent funds on project management services to set out a new strategic direction for the charity. The Commission found the amount spent on a project with only speculative benefits to be excessive. The eventual benefits never materialised, and the proposed new direction of the charity did not stay within the purposes it was set up to achieve.

    The inquiry also found the decision to enter into a contract with a private company owned by the former Chair was not in the charity’s best interest nor were conflicts of interest sufficiently managed.

    Wider findings include a lack of oversight of the former Chair by other former trustees and breaching the charity’s governing document by paying two former trustees sums of £15,913 and £8,325. Charities must ensure they follow their governing document when it comes to paying trustees. These failures were a breach of trust and amounted to misconduct and/or mismanagement.

    During the inquiry, the Charity Commission appointed an interim manager to the charity to work alongside the current trustees. The interim manager was tasked with reviewing the concerns raised about the former trustees and supporting legal action by the current trustees which recovered £165,000 of charity funds.

    Amy Spiller, Head of Investigations at the Charity Commission, said:

    We as the regulator, and the public, rightly expect trustees to spend funds in a way that best achieves their charity’s purpose. While charities can enter into contracts with parties connected to the trustees, this should be cost effective to ensure funds ultimately help those in need, and the conflict of interest must be properly managed.

    The actions by the former trustees of Island Health Trust fell short of these expectations and the excessive spending was unjustified.

    I’m pleased following our intervention that funds have been recovered and a new trustee board can give the charity a fresh start.

    The report, which includes the full findings, is available on GOV.UK.

    ENDS

    Notes to editors:  

    • The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society.
    • The Commission opened a statutory inquiry into the charity under s46 of the Charities Act 2011. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation. An inquiry will investigate and establish the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.
    • On 18 July 2019, the Inquiry exercised the Commission’s power to appoint an Interim Manager. Having completed the scope of their appointment, the Interim Manager was discharged on 23 March 2020. More information about the Charity Commission’s appointment of Interim Managers can be found on GOV.UK.
    • Our guidance on paying trustees can be found on GOV.UK.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 3 July 2025

    MIL OSI United Kingdom

  • MIL-OSI: reAlpha Enhances Mortgage Operations with AI-Powered Loan Officer Assistant

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, July 02, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced the launch of its AI-powered Internal Loan Officer Assistant. This newly released AI-powered assistant is designed to streamline administrative tasks within the mortgage division, driving operational efficiency and enhancing loan processing accuracy.

    The introduction of the AI Loan Officer Assistant is part of reAlpha’s broader strategy to enhance its mortgage operations. This initiative builds on the Company’s recent acquisitions, including Be My Neighbor and GTG Financial, which have expanded reAlpha’s mortgage services footprint across 30 U.S. states.

    “Our mission is to deliver exceptional service without sacrificing the human connection that defines the homebuying experience,” said Jamie Cavanaugh, Chief Executive Officer at Be My Neighbor. “By automating time-consuming tasks, we empower our team members to increase their productivity and support more consumers. This AI-powered Loan Officer Assistant is not a replacement for people: it’s a force multiplier that allows mortgage professionals to focus more time on what truly matters: helping individuals and families navigate the path to homeownership with confidence and care.”

    Early operational results1 show that reAlpha’s AI Loan Officer Assistant reduces manual document preparation and reconciliation time by approximately 60 percent at the loan processing stage. By automating one-third of the loan intake process, the tool accelerates document classification, labeling, and validation. This efficiency would enable loan teams to process up to 40 additional loans per month per officer, enabling teams to support increased loan volumes while preserving service quality and positioning reAlpha’s mortgage division for scalable growth.

    This launch aligns with industry trends, as financial institutions are increasingly adopting AI to reduce operational costs and improve service delivery. Industry data indicates that AI integration in mortgage lending can increase loan origination volumes by up to 50%, reduce underwriting cycle times by 50%, and cut operational costs by as much as 30-50%.2 Moreover, AI-driven automation has been shown to improve borrower experience through faster approvals and personalized service, factors critical to competitive positioning in today’s market.3

    reAlpha’s AI Loan Officer Assistant will continue to evolve, expanding to handle more complex mortgage scenarios. The company’s technology roadmap includes the rollout of additional features aimed at further improving loan processing speed, accuracy, and scalability as market demands grow.

    ________________________________
    1 These early operational results are based on preliminary internal testing with a limited sample size and have not been independently verified.
    2https://www.scnsoft.com/lending/mortgage/artificial-intelligence
    3https://riverjournalonline.com/around-town/real-estate/how-ai-will-shape-the-mortgage-industry-in-2025/199032/

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release, including early operational results relating to the AI Loan Officer Assistant, includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by Be My Neighbor’s Chief Executive Officer, Jamie Cavanaugh, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    media@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    The MIL Network

  • MIL-OSI: reAlpha Enhances Mortgage Operations with AI-Powered Loan Officer Assistant

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, July 02, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), an AI-powered real estate technology company, today announced the launch of its AI-powered Internal Loan Officer Assistant. This newly released AI-powered assistant is designed to streamline administrative tasks within the mortgage division, driving operational efficiency and enhancing loan processing accuracy.

    The introduction of the AI Loan Officer Assistant is part of reAlpha’s broader strategy to enhance its mortgage operations. This initiative builds on the Company’s recent acquisitions, including Be My Neighbor and GTG Financial, which have expanded reAlpha’s mortgage services footprint across 30 U.S. states.

    “Our mission is to deliver exceptional service without sacrificing the human connection that defines the homebuying experience,” said Jamie Cavanaugh, Chief Executive Officer at Be My Neighbor. “By automating time-consuming tasks, we empower our team members to increase their productivity and support more consumers. This AI-powered Loan Officer Assistant is not a replacement for people: it’s a force multiplier that allows mortgage professionals to focus more time on what truly matters: helping individuals and families navigate the path to homeownership with confidence and care.”

    Early operational results1 show that reAlpha’s AI Loan Officer Assistant reduces manual document preparation and reconciliation time by approximately 60 percent at the loan processing stage. By automating one-third of the loan intake process, the tool accelerates document classification, labeling, and validation. This efficiency would enable loan teams to process up to 40 additional loans per month per officer, enabling teams to support increased loan volumes while preserving service quality and positioning reAlpha’s mortgage division for scalable growth.

    This launch aligns with industry trends, as financial institutions are increasingly adopting AI to reduce operational costs and improve service delivery. Industry data indicates that AI integration in mortgage lending can increase loan origination volumes by up to 50%, reduce underwriting cycle times by 50%, and cut operational costs by as much as 30-50%.2 Moreover, AI-driven automation has been shown to improve borrower experience through faster approvals and personalized service, factors critical to competitive positioning in today’s market.3

    reAlpha’s AI Loan Officer Assistant will continue to evolve, expanding to handle more complex mortgage scenarios. The company’s technology roadmap includes the rollout of additional features aimed at further improving loan processing speed, accuracy, and scalability as market demands grow.

    ________________________________
    1 These early operational results are based on preliminary internal testing with a limited sample size and have not been independently verified.
    2https://www.scnsoft.com/lending/mortgage/artificial-intelligence
    3https://riverjournalonline.com/around-town/real-estate/how-ai-will-shape-the-mortgage-industry-in-2025/199032/

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is an AI-powered real estate technology company transforming the multi-trillion-dollar U.S. real estate services market. reAlpha is developing an end-to-end platform that streamlines real estate transactions through integrated brokerage, mortgage, and title services. With a strategic, acquisition-driven growth model and proprietary AI infrastructure, reAlpha is building a vertically integrated ecosystem designed to deliver a simpler, smarter, and more affordable path to homeownership. For more information, visit www.realpha.com.

    Forward-Looking Statements
    The information in this press release, including early operational results relating to the AI Loan Officer Assistant, includes “forward-looking statements.” Any statements other than statements of historical fact contained herein, including statements by Be My Neighbor’s Chief Executive Officer, Jamie Cavanaugh, are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s ability to pay contractual obligations; reAlpha’s liquidity, operating performance, cash flow and ability to secure adequate financing; reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to commercialize its developing AI-based technologies; reAlpha’s ability to successfully enter new geographic markets; reAlpha’s ability to integrate the business of its acquired companies into its existing business and the anticipated demand for such acquired companies’ services; reAlpha’s ability to scale its operational capabilities to expand into additional geographic markets and nationally; the potential loss of key employees of reAlpha and of its subsidiaries; the outcome of certain outstanding legal proceedings against reAlpha; reAlpha’s ability to obtain, and maintain, the required licenses to operate in the U.S. states in which it, or its subsidiaries, operate in, or intend to operate in; reAlpha’s ability to successfully identify and acquire companies that are complementary to its business model; the inability to maintain and strengthen reAlpha’s brand and reputation; any accidents or incidents involving cybersecurity breaches and incidents; the inability to accurately forecast demand for AI-based real estate-focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; the inability of reAlpha to obtain additional financing or access the capital markets to fund its ongoing operations on acceptable terms and conditions; the outcome of any legal proceedings that might be instituted against reAlpha; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s SEC filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media Contact:
    Cristol Rippe, Chief Marketing Officer
    media@realpha.com

    Investor Relations Contact:
    Adele Carey, VP of Investor Relations
    investorrelations@realpha.com

    The MIL Network

  • MIL-OSI USA: Hoeven Outlines Permanent Tax Relief for American Families, Workers & Small Businesses

    US Senate News:

    Source: United States Senator for North Dakota John Hoeven
    07.02.25
    One Big Beautiful Bill Preserves & Expands Tax Breaks for Low- and Middle-Income Households, Empowers Small Businesses, Farmers & Ranchers to Invest in Their Operations
    BISMARCK, N.D. – Senator John Hoeven today held a press conference with local business leaders and community members to discuss the benefits of the One Big Beautiful Bill (OBBB) to families and small businesses in North Dakota. Hoeven stressed the legislation maintains and expands tax benefits for low- and middle-income households, reduces the tax burden on workers and boosts the U.S. economy. Combined, the bill’s provisions:
    Preserve $4 trillion in tax relief.
    Will increase take-home pay by up to $10,900 in the first four years for the typical family, resulting from economic growth and tax relief.
    For Families and Individuals:
    Permanently extends current individual tax rates and bracket changes of the Tax Cuts and Jobs Act.
    This includes maintaining the increased standard deduction, which benefits, and helps simplify income taxes for, the vast majority of taxpayers.

    Eliminates taxes on tips and overtime for millions of American workers.
    Supports families by increasing and making permanent the enhanced child tax credit at $2,200, with $1,700 of that amount being refundable, adjusted for inflation.
    Provides permanent relief from the death tax by setting the exemption to $15 million or $30 million for those married filing jointly, adjusted for inflation.
    Establishes savings accounts for newborns to help build financial security.
    Creates a new $6,000 tax deduction for millions of low- and middle-income seniors.
    Combined with other deductions, this will result in the average beneficiary paying zero taxes on Social Security.

    For Small Businesses:
    Permanently extending the Section 199A pass-through deduction for small businesses, farmers and ranchers, including the Section 199A(g) deduction used by agricultural cooperatives.
    Increasing the Section 179 expensing to $2.5 million and increasing the phaseout for qualified property at $4 million.
    Establishing a 100 percent accelerated depreciation for new industrial and manufacturing facilities that begin construction between 2025-2028.
    Making permanent the 30 percent interest expense allowance.
    Permanently extending the 100 percent research and development deduction.
    Making permanent 100 percent bonus depreciation.
    “At its core, the tax provisions in the One Big Beautiful Bill are about allowing American workers and small businesses to keep more of their hard-earned money,” said Hoeven. “We worked to ensure this legislation provides trillions in tax relief for everyday Americans on a permanent basis. This includes preserving a higher standard deduction, expanding benefits for families with children and eliminating taxes on tips, overtime and Social Security for millions of workers and seniors, respectively. This will not only increase the quality of life for households throughout our country, but it will strengthen our economy by enabling businesses to invest in their operations, recoup their costs and create good-paying jobs across sectors.”

    MIL OSI USA News

  • MIL-OSI USA: ICE Dallas arrests illegal alien wanted in home country for organizing an assassination attempt

    Source: US Immigration and Customs Enforcement

    DALLAS – Immigration and Customs Enforcement Dallas apprehended Maria Julia Varela, a 36-year-old El Salvadoran national, with connections to MS-13 and Barrio 18 transnational gangs June 30.

    Varela is wanted by law enforcement officials in El Salvador for her role in organizing an assassination attempt.

    “This criminal alien fled El Salvador hoping to evade law enforcement and accountability for an attempt of conspiring to take some one’s life,” said Homeland Security Investigations Special Agent in Charge Dallas Travis Pickard. “HSI Dallas remains steadfast in ensuring that communities in North Texas are not a refuge for international fugitives. We are dedicated to pursuing those accused of crimes that endanger public safety.”

    HSI Dallas Violent Gangs Task Force assisted by officers from the Federal Bureau of Investigations Dallas, U.S. Marshals, Texas Department of Public Safety Criminal Investigations Division, and the Internal Revenue Service arrested Varela during the enforcement of HSI’s National Gang surge operation, aligned with the Trump Administration’s Executive Order, Protecting the American People Against Invasion.

    Varela will remain in ICE custody pending removal from the U.S. Varela was first encountered by U.S. Customs and Border Patrol in 2016 as a family unit and processed for a notice to appear.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE’s mission to increase public safety in our communities on X: @HSI_Dallas.

    MIL OSI USA News

  • MIL-OSI United Kingdom: PM launches new era for NHS with easier care in neighbourhoods

    Source: United Kingdom – Executive Government & Departments

    Press release

    PM launches new era for NHS with easier care in neighbourhoods

    The Prime Minister launches a new era for the NHS, bringing more easily accessible care closer to home.

    • Prime Minister launches government’s 10 Year Health Plan to bring the NHS closer to home
    • Neighbourhood Health Services to be rolled out across the country, bringing diagnostics, mental health, post-op, rehab, and nursing to people’s doorsteps
    • Neighbourhood health centres will house services under one roof, open at evenings and weekends
    • Plan for Change will rebuild the NHS to train thousands more family doctors, transform hospital outpatient appointments, and provide personalised care plans for complex needs

    Millions of patients will be treated and cared for closer to their home by new teams of health professionals, Prime Minister Keir Starmer will set out today, as the Government’s Plan for Change delivers a brand-new era for the NHS and delivers one of the most seismic shifts in care in the history of the health service.

    The launch of a Neighbourhood Health Service will see pioneering teams, some based entirely under one roof, set up in local communities across the country, to dramatically improve access to the NHS. As part of the Government’s aim to shift care out of hospitals and into the community, they will free up overstrained hospitals from perpetual firefighting so they can focus on delivering only the best, most cutting-edge, and personalised care.

    These neighbourhood health centres will provide easier, more convenient access to a full range of healthcare services right on people’s doorsteps – stopping them from having to make lengthy trip to hospitals. Neighbourhood teams will include staff like nurses, doctors, social care workers, pharmacists, health visitors, palliative care staff, and paramedics. Community health workers and volunteers will play a pivotal role in these teams, and local areas will be encouraged to trial innovative schemes like community outreach door-to-door – to detect early signs of illness and reduce pressure on GPs and A&E.

    Launching the government’s 10 Year Health Plan today, the Prime Minister will set out how moving care from hospitals to the community is one of the three key shifts required to tackle the inherited challenges and neglect of the NHS, make sure it is equipped to look after a modern society, and ensure people feel the change and improvements in healthcare that they voted for.

    Prime Minister Keir Starmer said:

    The NHS should be there for everyone, whenever they need it.

    But we inherited a health system in crisis, addicted to a sticking plaster approach, and unable to face up to the challenges we face now, let alone in the future.

    That ends now. Because it’s reform or die. Our 10 Year Health Plan will fundamentally rewire and future-proof our NHS so that it puts care on people’s doorsteps, harnesses game-changing tech and prevents illness in the first place.

    That means giving everyone access to GPs, nurses, and wider support all under one roof in their neighbourhood – rebalancing our health system so that it fits around patients’ lives, not the other way round.

    This is not an overnight fix, but our Plan for Change is already turning the tide on years of decline with over four million extra appointments, 1,900 more GPs and waiting lists at their lowest level for two years.

    But there’s more to come. This government is giving patients easier, quicker and more convenient care, wherever they live.

    The plan follows Lord Darzi’s diagnosis of the challenges facing the NHS last year where he assessed it was in a ‘critical condition’ as a result of deep rooted issues including low productivity, poor staff morale, a failure to keep up with new technology, rising waiting times, and a deterioration in the health of the nation.

    The PM will set out how the plan will deliver three key shifts to get the NHS back on its feet: hospital to community; analogue to digital; and sickness to prevention. Built around these three principles, the reforms within the plan will deliver the government’s promise to stop rising waiting lists, deliver more convenient care, and tackle inequalities across the country.

    New health centres will house the neighbourhood teams, which will eventually be open 12 hours a day, six days a week within local communities. They will not only bring historically hospital-based services into the community – diagnostics, post-operative care, and rehab – but will also offer services like debt advice, employment support and stop smoking or weight management, all of which will help tackle issues which we know affect people’s health.

    Health and Social Care Secretary Wes Streeting said:

    Our 10 Year Health Plan will turn the NHS on its head, delivering one of the most fundamental changes in the way we receive our healthcare in history.

    By shifting from hospital to community, we will finally bring down devastating hospital waiting lists and stop patients going from pillar to post to get treated.

    This Government’s Plan for Change is creating an NHS truly fit for the future, keeping patients healthy and out of hospital, with care closer to home and in the home.

    The status quo of ‘hospital by default’ will end, with a new preventative principle that care should happen as locally as it can: digital-by-default, in a patient’s home where possible, in a neighbourhood health centre when needed, in a hospital if necessary. This approach will make access to healthcare more convenient for patients and easier to fit around their day to day lives, rather than disrupting people’s work and personal lives.

    Thousands more GPs will be trained under the 10 Year Health Plan, as the Government lays the groundwork to bring back the family doctor, end the 8am scramble and make it easier to see your GP when you need to instead of having to turn to A&E.

    The government inherited an analogue NHS, reliant on paper and fax machines and out of step with modern technology. The government’s plan will bring it into the digital age, making sure staff benefit from the advantages and efficiencies available from new technology. This includes rolling out groundbreaking new tools over the next two years to support GPs. AI scribes will end the need for clinical notetaking, letter drafting, and manual data entry to free up clinicians’ time to focus on treating patients. Saving just 90 seconds on each GP appointment can save the same time as adding 2,000 more doctors into general practice.

    The Government will also use digital telephony so all phone calls to GP practices are answered quickly. For those who need it, they will get a digital or telephone consultation the same day they request it.

    As it stands, some practices are struggling to keep up with an ageing population and 21st century health needs. New contracts will be introduced which encourage and allow practices to cover a wider geographical area. It means smaller practices in the catchment area will get more support to ensure the right access is in place so that everyone can access their GP when they need to.

    Sir James Mackey, Chief Executive, NHS England said:

    The Neighbourhood Health Service is a huge opportunity for us to transform how we deliver care over the next decade – starting right on people’s doorsteps.

    By bringing together a full range of clinicians as one team, we can deliver care that’s more accessible, convenient and better for patients, as well as reducing pressures on hospitals.

    The plan will also deliver on the government’s promise to tackle the current lottery of access to dentists. Dental care professionals will work as part of neighbourhood teams, where Dental therapists could undertake check-ups, treatment, and referrals, while dental nurses could give education and advice to parents or work with schools and community groups. The work therapists cannot do would be safely directed to dentists.

    Under the plan, it will also be a requirement for newly qualified dentists to practice in the NHS for a minimum period, intended to be 3 years.

    Following the government’s work already to roll out supervised toothbrushing for kids, the plan will also improve access to dental care for children, making better use of the wider dental workforce, especially dental therapists, including through a new approach to upskilling professionals to work at the top of their clinical potential beginning in 2026 to 2027. This includes proposals to allow dental nurses to administer fluoride varnish for children in between check-ups, and the greater use of fissure sealants for children – covering back teeth with thin plastic coating to keep germs and food particles out the grooves.

    Matthew Taylor, Chief Executive of the NHS Confederation, said:

    This is a vital step towards a more preventative, community-based NHS. Bringing care closer to people’s homes through blended neighbourhood health teams recognises the complex and interconnected challenges many patients face, and it is the right direction for both improving outcomes and alleviating pressure on hospitals.   

    In many areas of the country, general practices working at scale through primary care networks and GP Federations, are already partnering alongside other organisations to deliver joined up care. It will be important to build on these positive successes.  

    Delivering on this ambition will require sustained investment in digital and estates, support for the NHS’s workforce, and a commitment to decentralise national control by empowering local leaders to do what is best for their populations. On behalf of our members, we are eager to work with the government to help turn this bold vision into lasting change.

    With the 10 Year Health plan the majority of outpatient care will happen outside of hospitals by 2035, by transforming care in the community. New digital tools will allow GPs to refer patients quicker, and a wider range of services available on people’s doorsteps will mean less need to attend appointments in hospital for ophthalmology, cardiology, respiratory medicine, and mental health.

    As a result of this shift to community, hospitals will be able to focus on patients who need hospital care, and get them seen on time again.

    The government’s Plan for Change is already delivering action to cut waiting lists and fix the foundations of the NHS. Waiting lists are at their lowest level in two years, including the first drop in April for 17 years. An extra 4.2million appointments have been delivered since July – over double the government’s target. 10 new surgical hubs have opened since January, and 1,900 more GPs have been recruited since October.

    ENDS

    Further details:

    • Where neighbourhood health teams have been trialled in England, they have significantly reduced hospital use. In Derby, integrated teams led to 2,300 fewer Category 3 ambulance callouts and 1,400 fewer short hospital stays among the over 65 population within a year.
    • The Institute For Public Policy Research has already called for a neighbourhood NHS – arguing a strong primary care sector has been shown to deliver better health outcomes, fewer hospital and emergency department trips, and more efficient healthcare spending.
    • As well as improving access to care for patients, The move to more care in the community will put the NHS back on the path to long-term financial sustainability. A recent study found that £100 spent on community care could achieve, on average, £131 in hospital savings.
    • Care plans are vital to seamless care within the community, but only 20% of people with a long-term condition have one. Through the 10 Year Health Plan, the Government will set a new standard that, by 2027, 95% of people with complex needs have an agreed personal care plan. All care plans should be co-created with patients. This means neighbourhood teams can tailor care for specific patients, working with them and their loved ones to proactively manage their conditions instead of simply reacting and treating emerging issues as is the case under the current system. This is especially important for people with complex needs who are likely to be managing multiple conditions.
    • Unpaid carers will be actively involved in care planning, with family, friends and carers agreeing decisions about care together where appropriate.

    STAKEHOLDER REACTION

    Caroline Abrahams, Charity Director at Age UK said.  

    A Neighbourhood Health Service is at the heart of the NHS 10 Year Plan and it could be a game-changer for our older population if we get it right.

    For far too long healthcare in the community has been fragmented and hard to access and navigate for older people, so crucial opportunities to nip their emerging health problems in the bud get missed.

    At Age UK we aspire to an NHS that proactively supports older people to stay as well as is possible for as long as possible, and if delivered well the Neighbourhood Health Service really could help achieve it.

    Daniel Elkeles, Chief Executive of NHS Providers, said: 

    This plan brings together three key ingredients for success. It provides a renewed focus on what good care will look like for people who depend on the NHS most by investing in GP and new neighbourhood services. 

    It’s a win for patients who will be better informed and empowered to direct their care as never before. 

    And it makes the NHS simpler, ensuring quicker decisions and innovations get to frontline services faster. 

    This is a recipe that offers the prospect of progress where previous plans have faltered. 

    That is a great starting point and all NHS providers will be keen to seize this opportunity to build a better health service that staff, patients and the public are once again proud of.

    Jacob Lant, Chief Executive of National Voices said: 

    The message in today’s plan is clear, for the NHS to thrive services must start to organise themselves around how people and communities actually live their lives.   

    Whether it be through shifting services out of hospitals, making innovative and inclusive use of tech or simply doubling down on getting the basics right, like communicating better with patients, this drive towards user-centred care offers hope for a more efficient and sustainable health service that focuses on patient need and outcomes.   > To ensure no communities are left behind, it is vital that Neighbourhood Health Services look to develop this new offer in partnership with the voluntary sector and the full diversity of citizens that make up the communities they serve.

    Gemma Peters, Chief Executive at Macmillan Cancer Support, said:

    This vision to bring care closer to home is what both the public and the NHS need. 

    3.5 million people are living with cancer today, rising to 4 million by 2030. Without radical change, the NHS cannot meet this growing demand, or ensure that – whoever you are, wherever you live – you can access the care, support and treatment you need when you need it.

    We welcome the Government’s recognition that we now need to mobilise every part of the NHS, communities and the voluntary sector to make sure this Plan succeeds.

    Macmillan is ready to play our part in delivering this vision and the forthcoming National Cancer Plan to ensure everyone has the world class healthcare they deserve.

    Rachel Power, Chief Executive, the Patients Association said:

    We welcome this ambitious transformation set out in the 10 Year Health Plan that delivers on what we called for: integrated, accessible care that is centred on patients’ real lives. Having new neighbourhood health centres open 12 hours a day, six days a week with multidisciplinary teams and clinical and support services under one roof addresses the reality that health challenges don’t exist in isolation.  

    We’re pleased to see the commitment to training thousands more GPs and look forward to a sustainable workforce strategy to support the delivery of these expanded services, along with clarity on how quickly these centres will be rolled out. We remain committed to ensuring genuine patient partnership underpins the design and delivery of these services, so they truly reflect what patients need in their local communities.

    Dr Jeanette Dickson, Chair of the Academy of Medical Royal Colleges said:

    The ambition, scale and innovative approaches set out in the 10 Year Health Plan can only be applauded. It promises a lot and properly implemented, offers an opportunity to revolutionise healthcare.

    It’s clearly not just about getting the NHS back on track, but designing a new healthcare system that’s fit for the challenges of today and tomorrow and one that can work for patients, staff and taxpayers alike. The sheer breadth and scale of what’s been set out will take time to fully digest, but the medical royal colleges are keen and ready to help implement the necessary changes to make this bold vision a reality.

    Katharine Jenner, Director, Obesity Health Alliance said:

    This is a positive step towards the healthier future people want. Obesity is a chronic, relapsing condition that needs long-term support. Crucially, as the Government now rightly recognises, we must also shift to preventing ill health before it starts.

    After years of broken promises, delays and weak voluntary measures, this government must implement their Plan for Change in full this Parliament. Only then we can start to transform our food system – from one that fuels poor health to one that supports good health.

    Real progress means taking mandatory action to tackle the relentless marketing and promotion of unhealthy food, improving access to nutritious options, and making healthy food affordable for everyone, right from the start of life.

    Ravi Gurumurthy, CEO of Nesta, said:

    Nye Bevan’s original vision for the NHS placed prevention at its heart. This plan takes important steps toward realising that ambition. The introduction of a new healthy food standard, alongside ending the sale of cigarettes, are serious interventions that could substantially reduce cases of cancer, heart disease, diabetes and other diseases and narrow health inequalities.

    The shift to a neighbourhood health service has the potential to deliver better care within communities and reduce avoidable hospital admissions.

     Matthew Reed, Chief Executive of Marie Curie, said: 

    We are pleased to see the Government place the needs of patients at the centre of their Plan to reform the NHS, make clear commitments that will help fix the current crisis in palliative and end of life care for local communities, and set out a clear roadmap for creating an NHS that is fit for the future. 

    We look forward to working with them to ensure that additional NHS funding announced in the Spending Review transforms care in the community for people with a terminal illness.

    Dr Charmaine Griffiths, Chief Executive at the British Heart Foundation (BHF), said:

    You can’t upgrade the nation’s health without tackling cardiovascular disease, one of the UK’s biggest killers.

    Today’s ambitious plan lays the foundation for how we can stop more lives lost too soon to heart disease, prevent more heart attacks and strokes, and help more people live with healthier hearts for longer.

    Henry Gregg, Chief Executive of the National Pharmacy Association said:

    The 10,000 NHS pharmacies in England are right in the heart of their communities on high streets, in health centres, close to people’s doorsteps, providing health care and advice to millions every week.

    Pharmacies want to be able to offer better, more joined up care for their communities so they share the Government’s ambition to bring care closer to people.

    It’s important that pharmacies, who already do this work day in day out, are placed at the heart of these plans.

    Investing in pharmacies can create a future where people can drop in for treatment, check ups, medicine reviews, and advice.

    Pharmacies want to work with GPs, social workers and colleagues across the health service to provide better health care, nearer to people’s homes and take pressure off the NHS.

    Janet Morrison, Chief Executive of Community Pharmacy England, said:

    The Government’s plan aligns well with the value that pharmacies can bring and will begin to harness the sector’s potential for the benefit of patients, communities and the wider NHS. Research shows that the public already supports playing community pharmacies playing a bigger role in healthcare services, and the sector has a unique ability to break down barriers to care coupled with an astonishingly strong record on efficiency. 

    But before this plan can become a reality, first the Government must deliver on its commitment to build the sustainable funding model that community pharmacy so desperately needs. The millions of people relying on them every day don’t want to lose their local pharmacies to financial collapse, which is something the Government should carefully consider as it seeks to implement its plan.

    This plan is not the end of the road; it’s just the beginning.

    Updates to this page

    Published 2 July 2025

    MIL OSI United Kingdom

  • MIL-OSI New Zealand: Market sounding on toll road concessions to begin

    Source: New Zealand Government

    Market soundings with international and local toll road investors, operators and financiers will begin next week as the next step in exploring how toll concessions could help fund, build and operate important road infrastructure, Infrastructure and Transport Minister Chris Bishop says. 
    “The Government is focused on improving high-quality road infrastructure to boost economic growth and ensure people and freight can travel efficiently and safely. To accelerate the delivery of vital transport projects, we’re looking into alternative funding and financing methods, including the use of toll concessions.
    “New Zealand currently has three toll roads in operation in Auckland and Tauranga, with three more in various stages of construction or planning. The Government has also set expectations in the Government Policy Statement on Land Transport 2024 that other roads are considered for tolling in future, including all future Roads of National Significance. 
    “Although existing toll roads are currently managed by the NZ Transport Agency, the Government is, for the first time, considering private sector involvement in the operation of toll roads. This includes the potential use of toll concessions as part of a broader approach to infrastructure delivery.
    “A toll concession involves a private entity—known as a concessionaire—being given the right to manage and maintain a toll road for a specified time. During this period, they collect toll revenue to recover costs and earn a return. In exchange, the Government receives an upfront capital payment which can be used to fund additional road projects and potentially deliver them years earlier than would otherwise be feasible.
    “Concessions may apply to existing toll roads to operate and maintain a road, or be integrated into the development of new roading infrastructure. In the latter case, a private partner could be contracted to design, construct, operate, and maintain the road, and recoup operations and maintenance costs through toll collection.
    “There are several advantages to toll concessions: they can provide immediate capital that can be used to deliver more infrastructure projects sooner, draw on private sector expertise and innovation in areas like construction and tolling technology, and can help government to share and manage risks more efficiently.
    “It is important to note that the Crown continues to own the toll road under a concession arrangement. The private operator manages the road for the duration of the concession, after which control reverts back to a government agency.
    “Next week, my officials will begin market sounding discussions with toll road investors, operators and financiers to test opportunities for private firms to operate and maintain toll roads through concessions. The officials will meet with a cross-section of market participants – from international toll road operators to domestic and international investors and iwi – to get a range of perspectives on the opportunities available. If work on concessions is taken forward, there will be wider opportunities to be involved in any transactions stage.
    “Market sounding discussions will give us deeper insight into whether toll road concessions are viable here, under what circumstances, and the different ways they could be structured and phased. 
    “The Government will test concession opportunities on:

    New Zealand’s existing three toll roads – the Northern Gateway in Auckland, and Takitimu Drive and Tauranga Eastern Link in Tauranga
    Three roads in development that Cabinet has confirmed will be tolled – Penlink, Takitimu North Link, and Ōtaki to North of Levin
    All future Roads of National Significance

    “Officials will also seek to understand the extent to which concessions could support private investment and involvement in delivering other future projects beyond the immediate RoNS programme, including an alternative Waitematā Harbour crossing, where the significant scale of such projects and investment needed means different delivery approaches may deliver greater value for New Zealanders. 
    “The Ministry of Transport has appointed global investment bank, Citi, as its financial and commercial advisor to support this market sounding process. 
    “Citi has extensive experience advising on toll road concessions overseas and we’re pleased to have access to their expertise, connections and insights to ensure we run a high calibre market sounding process.
    “The insights we get from the market sounding will inform my decisions about whether and how to take toll concessions forward, including which ones are viable and have value. I look forward to hearing what the market has to say,” Mr Bishop says. 
    The Government expects to make decisions on toll road concessions later this year. 
    Notes to editor:
    ·         Exploring toll concessions gives effect to the National-ACT coalition agreement to institute long-term city and regional infrastructure deals, allowing Public Private Partnerships (PPPs), tolling and value capture rating to fund infrastructure.
    ·         Market sounding discussions will start in the week of 7 July 2025, with discussions being held in Sydney, Wellington and Auckland until late July 2025. 
    ·         The market sounding process is being led by the Ministry of Transport and National Infrastructure Funding and Financing Limited (NIFFCo), with input from the NZ Transport Agency (NZTA) and Treasury. Global investment bank, Citi, is acting as the Ministry of Transport’s financial and commercial advisor for the market sounding process. 

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Market sounding on toll road concessions to begin

    Source: New Zealand Government

    Market soundings with international and local toll road investors, operators and financiers will begin next week as the next step in exploring how toll concessions could help fund, build and operate important road infrastructure, Infrastructure and Transport Minister Chris Bishop says. 
    “The Government is focused on improving high-quality road infrastructure to boost economic growth and ensure people and freight can travel efficiently and safely. To accelerate the delivery of vital transport projects, we’re looking into alternative funding and financing methods, including the use of toll concessions.
    “New Zealand currently has three toll roads in operation in Auckland and Tauranga, with three more in various stages of construction or planning. The Government has also set expectations in the Government Policy Statement on Land Transport 2024 that other roads are considered for tolling in future, including all future Roads of National Significance. 
    “Although existing toll roads are currently managed by the NZ Transport Agency, the Government is, for the first time, considering private sector involvement in the operation of toll roads. This includes the potential use of toll concessions as part of a broader approach to infrastructure delivery.
    “A toll concession involves a private entity—known as a concessionaire—being given the right to manage and maintain a toll road for a specified time. During this period, they collect toll revenue to recover costs and earn a return. In exchange, the Government receives an upfront capital payment which can be used to fund additional road projects and potentially deliver them years earlier than would otherwise be feasible.
    “Concessions may apply to existing toll roads to operate and maintain a road, or be integrated into the development of new roading infrastructure. In the latter case, a private partner could be contracted to design, construct, operate, and maintain the road, and recoup operations and maintenance costs through toll collection.
    “There are several advantages to toll concessions: they can provide immediate capital that can be used to deliver more infrastructure projects sooner, draw on private sector expertise and innovation in areas like construction and tolling technology, and can help government to share and manage risks more efficiently.
    “It is important to note that the Crown continues to own the toll road under a concession arrangement. The private operator manages the road for the duration of the concession, after which control reverts back to a government agency.
    “Next week, my officials will begin market sounding discussions with toll road investors, operators and financiers to test opportunities for private firms to operate and maintain toll roads through concessions. The officials will meet with a cross-section of market participants – from international toll road operators to domestic and international investors and iwi – to get a range of perspectives on the opportunities available. If work on concessions is taken forward, there will be wider opportunities to be involved in any transactions stage.
    “Market sounding discussions will give us deeper insight into whether toll road concessions are viable here, under what circumstances, and the different ways they could be structured and phased. 
    “The Government will test concession opportunities on:

    New Zealand’s existing three toll roads – the Northern Gateway in Auckland, and Takitimu Drive and Tauranga Eastern Link in Tauranga
    Three roads in development that Cabinet has confirmed will be tolled – Penlink, Takitimu North Link, and Ōtaki to North of Levin
    All future Roads of National Significance

    “Officials will also seek to understand the extent to which concessions could support private investment and involvement in delivering other future projects beyond the immediate RoNS programme, including an alternative Waitematā Harbour crossing, where the significant scale of such projects and investment needed means different delivery approaches may deliver greater value for New Zealanders. 
    “The Ministry of Transport has appointed global investment bank, Citi, as its financial and commercial advisor to support this market sounding process. 
    “Citi has extensive experience advising on toll road concessions overseas and we’re pleased to have access to their expertise, connections and insights to ensure we run a high calibre market sounding process.
    “The insights we get from the market sounding will inform my decisions about whether and how to take toll concessions forward, including which ones are viable and have value. I look forward to hearing what the market has to say,” Mr Bishop says. 
    The Government expects to make decisions on toll road concessions later this year. 
    Notes to editor:
    ·         Exploring toll concessions gives effect to the National-ACT coalition agreement to institute long-term city and regional infrastructure deals, allowing Public Private Partnerships (PPPs), tolling and value capture rating to fund infrastructure.
    ·         Market sounding discussions will start in the week of 7 July 2025, with discussions being held in Sydney, Wellington and Auckland until late July 2025. 
    ·         The market sounding process is being led by the Ministry of Transport and National Infrastructure Funding and Financing Limited (NIFFCo), with input from the NZ Transport Agency (NZTA) and Treasury. Global investment bank, Citi, is acting as the Ministry of Transport’s financial and commercial advisor for the market sounding process. 

    MIL OSI New Zealand News

  • MIL-OSI USA: PHILADELPHIA – Governor Shapiro Announces Major New Private Sector Investment to Expand Shipbuilding at Philadelphia Navy Yard

    Source: US State of Pennsylvania

    July 03, 2025Philadelphia, PA

    ADVISORY – PHILADELPHIA – Governor Shapiro Announces Major New Private Sector Investment to Expand Shipbuilding at Philadelphia Navy Yard

    Governor Josh Shapiro will join Rhoads Industries to announce a major new private sector investment in the company’s manufacturing operations at the Philadelphia Navy Yard.

    Governor Shapiro and his Administration have secured $25.2 billion in private sector investments over the last two years, growing Pennsylvania’s economy and creating nearly 11,000 jobs across the Commonwealth.

    WHO:
    Governor Josh Shapiro
    Dan Rhoads, CEO, Rhoads Industries
    Joe Welsh, Director of Government Affairs, Rhoads Industries
    Boots Olson, Apprentice, Rhoads Industries

    WHEN:
    Thursday, July 3, 2025, at 10:30 AM

    The press conference will begin around 11:00 AM.
    LIVE STREAM:
    pacast.com/live/gov
    governor.pa.gov/live/

    RSVP:
    Press who are interested in attending must RSVP with the names and phone numbers for each member of their team to ra-gvgovpress@pa.gov.

    MIL OSI USA News

  • MIL-OSI: PFM Crypto Announces $1M Reward Pool for New AI-Driven 1-Day XRP Contracts

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, California, July 02, 2025 (GLOBE NEWSWIRE) — PFM Crypto, the world’s leading crypto asset management platform, has officially launched its innovative “1-Day XRP Contract,” providing new users with a flexible, low-risk way to experience the platform’s capabilities. This product debut coincides with a major promotional campaign featuring over $1 million in giveaways, including a $10 bonus for every new registrant.
    Click here to explore more about PFMCrypto.

    What is PFM Crypto? Why Now?
    PFM Crypto has built an intelligent, accessible, and sustainable crypto asset management ecosystem. At its core lies the proprietary PFM-AI system, which dynamically reallocates assets across high-potential cryptocurrencies based on real-time market data to optimize returns.

    With the “1-Day XRP Contract” launch, PFM Crypto transitions from a high-performance niche platform to an open model welcoming retail traders and everyday investors worldwide.

    The platform currently serves over 9.2 million users across 192 countries, with recent performance metrics including:
    5-Day Contract Strategy: +6.15% returns
    15-Day Contract Strategy: +20.7% returns
    30-Day Contract Strategy: +55.6% returns
    These figures represent actual user results – not projections – demonstrating PFM Crypto’s AI-driven yield optimization and results-focused operational model.

    “1-Day XRP Contract” Launch Details
    The new product becomes available today, across PFM Crypto’s web and mobile platforms. Priced at just $10 with $0.60 daily returns, it offers an accessible entry point to PFM Crypto’s growing ecosystem.

    $1M+ Community Rewards Campaign
    To celebrate the launch, PFM Crypto has initiated a board-approved rewards program exceeding $1 million. The campaign provides truly barrier-free trial opportunities – all new registrants receive a $10 bonus credited to their account dashboard.

    Click here to become a new user of PFMCrypto.

    Highlights of the Limited-Time Campaign:
    – Intensive 24-Hour Income Window: Designed for accelerated gains, Users can claim XRP earnings every 24 hours.
    – $1M in XRP Rewards: With structured reward tiers of $2/ $10 , PFMCrypto is incentivizing both new and existing users to participate.
    – Enhanced Daily Yields: Participants will enjoy higher-than-usual XRP returns for the duration of the promotion.
    This bold marketing initiative aims to attract new users, encourage sharing, and demonstrate PFM Crypto’s core product value.

    Click here to view the limited time XRP Contracts.

    Significance for Crypto Investors
    PFM Crypto combines AI innovation, fintech advancement, and practical cryptocurrency functionality – three powerful elements resonating with global crypto investors. It delivers returns without requiring deep technical or trading expertise.

    Why PFMCrypto Is the Go-To Choice for XRP  Beginners and Veterans Alike:
    – Easy to start: users do not need to prepare expensive equipment and complex knowledge.
    – Zero Maintenance Fees: PFMCrypto handles electricity, cooling, and hardware upkeep—users simply activate their contracts.
    – $10 Welcome Bonus: Every new user receives a sign-up reward and daily login incentives.
    – Daily Payouts + Capital Security: Users earn daily income, with the principal returned upon contract maturity.
    By focusing on measurable performance rather than hype, PFM Crypto has established itself as an enduring value proposition in the crypto investment ecosystem.

    About PFM Crypto
    Operated by FCA-regulated Precision Financial Management Ltd (Company No. 11719896), PFM Crypto represents a new category of digital asset platforms – data-driven, performance-focused, and globally trusted. Since its 2018 founding, the Leyland-based company has grown into one of the year’s most compelling crypto investment opportunities for return-oriented (rather than speculative) investors.

    For complete details and participation: https://pfmcrypto.net  

    The MIL Network

  • MIL-OSI: Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Second Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) announced today their quarterly distributions with respect to the second quarter of 2025 and also announced timing of second quarter 2025 earnings.

    Second Quarter Distribution Declaration
    PAA and PAGP announced the following quarterly cash distributions, each of which will be payable on August 14, 2025 to holders of the respective securities at the close of business on July 31, 2025:

    • PAA Common Units – $0.38 per Common Unit ($1.52 per unit on an annualized basis), which is unchanged from the distribution paid in May 2025.
    • PAGP Class A Shares – $0.38 per Class A Share ($1.52 per Class A Share on an annualized basis), which is unchanged from the distribution paid in May 2025.
    • PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).

    For its Series B Preferred Units, PAA announced a quarterly distribution of $22.23 per Series B Unit (based on the applicable quarterly floating rate), which will be payable on August 15, 2025 to holders of record at the close of business on August 1, 2025.

    Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Unit Information.”

    Second Quarter 2025 Earnings Timing
    PAA and PAGP also announced that they will release second quarter 2025 earnings before market open on Friday, August 8, 2025. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the “Investors Relations” section of the website at www.plains.com. An audio replay will be available on the website after the call.

    About Plains
    PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL. 

    PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. 

    PAA and PAGP are headquartered in Houston, Texas. More information is available at www.plains.com.

    Investor Relations Contacts:
    Blake Fernandez
    Michael Gladstein
    PlainsIR@plains.com
    (866) 809-1291

    The MIL Network

  • MIL-OSI: Dundee Corporation Provides Update on Android Transaction Timing

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 02, 2025 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation”) today provided an update regarding the previously announced sale of Android Industries. Since the signing of the binding Share Purchase Agreement, the parties have made meaningful progress in satisfying the required conditions precedent to closing. The majority of these conditions have been met. However, key remaining third-party consents remain outstanding and have taken longer to secure than anticipated.

    All parties remain committed to the transaction and continue to work toward a successful completion, however, the final timing of closing remains uncertain and will depend on resolution of the remaining items. The Corporation will keep the market informed as material updates become available.

    ABOUT DUNDEE CORPORATION:

    Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange under the symbol “DC.A”. The Corporation is primarily engaged in acquiring mineral resource assets. The Corporation operates with the objective of unlocking value through strategic investments in mining projects globally. Our team conducts due diligence in order to assess the geological, technical, environmental, and financial merits and risks of each project and looks to deploy capital where it can either seek to generate investment returns or where the Corporation can collaborate with operating partners and take strategic partnerships through direct interests in mining operations.

    FORWARD-LOOKING STATEMENTS:

    This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Dundee Corporation’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dundee Corporation’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Annual Information Form of Dundee Corporation and subsequent filings made with securities commissions in Canada. Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Investor and Media Relations
    T: (416) 864-3584
    E: ir@dundeecorporation.com

    The MIL Network

  • MIL-OSI USA: Cassidy Announces $3.7 Million for Airport Upgrades Across Louisiana from His Infrastructure Law

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) announced the Federal Aviation Administration (FAA) is awarding Louisiana a total of $3,657,455.00 in funding from his Infrastructure Investments and Jobs Act (IIJA) for critical airport improvements in Tallulah, Slidell, Lake Charles, Farmerville, Sulphur, and Jena.
    “Upgrading airport infrastructure improves safety, efficiency, and the experience for travelers,”said Dr. Cassidy. “These investments will help local airports grow, better serve their regions, and support economic development across Louisiana.”

    Grant Awarded
    Recipient
    Project Description

    $1,068,750.00
    Vicksburg Tallulah Regional Airport (Tallulah)
    This grant will provide federal funding to reconstruct culverts and a water lift station to improve drainage and stormwater management.

    $332,500.00
    City of Slidell
    This grant will provide federal funding to reseal 5,002 feet of Runway 18/36 pavement to extend its useful life.

    $1,300,000.00
    Airport Authority District No. 1 (Lake Charles)
    This grant will provide federal funding to construct a terminal parking lot and reconstruct 2,600 feet of access roads serving the terminal and general aviation facilities.

    $300,000.00
    Union Parish Police Jury (Farmerville)
    This grant will provide federal funding to construct an 8,400 square foot sponsor-owned T-hangar complex to support airport self-sufficiency.

    $89,205.00
    Chennault International Airport Authority (Lake Charles)
    This grant will provide federal funding to design the rehabilitation of 1,425 feet of paved taxiways to maintain pavement integrity.

    $534,850.00
    West Calcasieu Airport Managing Board (Sulphur)
    This grant will provide federal funding to acquire and install a new automated weather observing system to provide accurate, site-specific weather information.

    $32,150.00
    LaSalle Economic Development District (Jena)
    This grant will provide federal funding to reconstruct the airport’s drainage system to correct failing infrastructure.

    MIL OSI USA News

  • MIL-OSI Security: Brothers Sentenced for Violent Assault and Firearm Confrontation on Navajo Nation

    Source: US FBI

    ALBUQUERQUE – Two brothers from Fruitland, New Mexico were sentenced for their roles in a violent assault and subsequent confrontation with law enforcement on the Navajo Nation.

    There is no parole in the federal system.

    According to court records, on March 23, 2024, Justin Tso, 38, and his brother Walliford Tso, 37, enrolled members of the Navajo Nation, went to the residence of John Doe, where Doe lived with his girlfriend and her son. As the brothers were departing the home, Justin took a machete without permission and walked away. John Doe armed himself with an axe and demanded the return of the machete. In response, Justin and Walliford charged at John Doe, leading to a violent altercation.

    The brothers pursued John Doe back into the residence, where they assaulted him in front of his family, punching him and throwing objects, including a tire rim, pipe, and large rock. John Doe was able to escape and call police. During the incident, the brothers caused significant property damage, including smashing car windows and damaging vehicles.

    Navajo Nation Police responded to the scene. During the attempt to apprehend the suspects, Walliford pointed a rifle at officers before surrendering. Walliford and Justin were both found to be intoxicated at the time of the incident.

    Walliford and Justin each pled guilty to one count of assault with a dangerous weapon and were sentenced to 24 months in prison followed by two years of supervised release.

    U.S. Attorney Ryan Ellison and Philip Russell, Acting Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Farmington Resident Agency of the Federal Bureau of Investigation’s Albuquerque Field Office investigated this case with assistance from the Navajo Police Department and Navajo Department of Criminal Investigations. Assistant United States Attorney Meg Tomlinson is prosecuting the case.

    MIL Security OSI

  • MIL-OSI: First Bank Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, N.J., July 02, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ending on June 30, 2025.

    Event:       Earnings Conference Call – Second Quarter 2025
             
    When:   Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time
             
    Access:   Conference Call Dial-In:       (800) 715-9871 (toll free)
             
        Conference Call Access Code:   3909613
             

    Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of second quarter 2025 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company’s second quarter results will be released after the market closes on Tuesday, July 22, 2025 and will also be available in the “Investor Relations” section of the Company’s website. Conference replay information is also available on the Company’s website, www.firstbanknj.com.

    About First Bank
    First Bank is a New Jersey state-chartered bank with 27 full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, Trenton, Williamstown, Morristown and Summit, New Jersey, Doylestown, Trevose, Warminster, West Chester, Paoli, Malvern, Coventry, Devon, Lionville, Media, Pennsylvania, and Palm Beach, Florida. With $3.88 billion in assets as of March 31, 2025. First Bank offers a traditional range of deposit and loan products to individuals and businesses mainly throughout the New York City to Philadelphia corridor. First Bank’s common stock is listed on the Nasdaq Global Market exchange under the symbol “FRBA”.

    Contact
    Andrew L. Hibshman, Executive Vice President and CFO
    (609) 643-0058, andrew.hibshman@firstbanknj.com

    The MIL Network

  • MIL-OSI: First Bank Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, N.J., July 02, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ending on June 30, 2025.

    Event:       Earnings Conference Call – Second Quarter 2025
             
    When:   Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time
             
    Access:   Conference Call Dial-In:       (800) 715-9871 (toll free)
             
        Conference Call Access Code:   3909613
             

    Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of second quarter 2025 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company’s second quarter results will be released after the market closes on Tuesday, July 22, 2025 and will also be available in the “Investor Relations” section of the Company’s website. Conference replay information is also available on the Company’s website, www.firstbanknj.com.

    About First Bank
    First Bank is a New Jersey state-chartered bank with 27 full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, Trenton, Williamstown, Morristown and Summit, New Jersey, Doylestown, Trevose, Warminster, West Chester, Paoli, Malvern, Coventry, Devon, Lionville, Media, Pennsylvania, and Palm Beach, Florida. With $3.88 billion in assets as of March 31, 2025. First Bank offers a traditional range of deposit and loan products to individuals and businesses mainly throughout the New York City to Philadelphia corridor. First Bank’s common stock is listed on the Nasdaq Global Market exchange under the symbol “FRBA”.

    Contact
    Andrew L. Hibshman, Executive Vice President and CFO
    (609) 643-0058, andrew.hibshman@firstbanknj.com

    The MIL Network

  • MIL-OSI: First Bank Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, N.J., July 02, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ending on June 30, 2025.

    Event:       Earnings Conference Call – Second Quarter 2025
             
    When:   Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time
             
    Access:   Conference Call Dial-In:       (800) 715-9871 (toll free)
             
        Conference Call Access Code:   3909613
             

    Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of second quarter 2025 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company’s second quarter results will be released after the market closes on Tuesday, July 22, 2025 and will also be available in the “Investor Relations” section of the Company’s website. Conference replay information is also available on the Company’s website, www.firstbanknj.com.

    About First Bank
    First Bank is a New Jersey state-chartered bank with 27 full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, Trenton, Williamstown, Morristown and Summit, New Jersey, Doylestown, Trevose, Warminster, West Chester, Paoli, Malvern, Coventry, Devon, Lionville, Media, Pennsylvania, and Palm Beach, Florida. With $3.88 billion in assets as of March 31, 2025. First Bank offers a traditional range of deposit and loan products to individuals and businesses mainly throughout the New York City to Philadelphia corridor. First Bank’s common stock is listed on the Nasdaq Global Market exchange under the symbol “FRBA”.

    Contact
    Andrew L. Hibshman, Executive Vice President and CFO
    (609) 643-0058, andrew.hibshman@firstbanknj.com

    The MIL Network

  • MIL-OSI: First Bank Announces Second Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, N.J., July 02, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its second quarter ending on June 30, 2025.

    Event:       Earnings Conference Call – Second Quarter 2025
             
    When:   Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time
             
    Access:   Conference Call Dial-In:       (800) 715-9871 (toll free)
             
        Conference Call Access Code:   3909613
             

    Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of second quarter 2025 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company’s second quarter results will be released after the market closes on Tuesday, July 22, 2025 and will also be available in the “Investor Relations” section of the Company’s website. Conference replay information is also available on the Company’s website, www.firstbanknj.com.

    About First Bank
    First Bank is a New Jersey state-chartered bank with 27 full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, Trenton, Williamstown, Morristown and Summit, New Jersey, Doylestown, Trevose, Warminster, West Chester, Paoli, Malvern, Coventry, Devon, Lionville, Media, Pennsylvania, and Palm Beach, Florida. With $3.88 billion in assets as of March 31, 2025. First Bank offers a traditional range of deposit and loan products to individuals and businesses mainly throughout the New York City to Philadelphia corridor. First Bank’s common stock is listed on the Nasdaq Global Market exchange under the symbol “FRBA”.

    Contact
    Andrew L. Hibshman, Executive Vice President and CFO
    (609) 643-0058, andrew.hibshman@firstbanknj.com

    The MIL Network

  • MIL-OSI: Oaktree Specialty Lending Corporation Schedules Third Fiscal Quarter Earnings Conference Call for August 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, CA, July 02, 2025 (GLOBE NEWSWIRE) — Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the third fiscal quarter ended June 30, 2025 before the opening of the Nasdaq Global Select Market on Tuesday, August 5, 2025. Management will host a conference call to discuss the results on the same day at 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time. The conference call may be accessed by dialing (877) 507-3275 (U.S. callers) or +1 (412) 317-5238 (non-U.S. callers). All callers will need to reference “Oaktree Specialty Lending” once connected with the operator. Alternatively, a live webcast of the conference call can be accessed through the Investors section of Oaktree Specialty Lending’s website, www.oaktreespecialtylending.com.

    For those individuals unable to listen to the live broadcast of the conference call, a replay will be available on Oaktree Specialty Lending’s website, or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088 (non-U.S. callers), access code 5201181, beginning approximately one hour after the broadcast.

    About Oaktree Specialty Lending Corporation

    Oaktree Specialty Lending Corporation (NASDAQ:OCSL) is a specialty finance company dedicated to providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company’s investment objective is to generate current income and capital appreciation by providing companies with flexible and innovative financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity. The Company is regulated as a business development company under the Investment Company Act of 1940, as amended, and is managed by Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P. For additional information, please visit Oaktree Specialty Lending’s website at www.oaktreespecialtylending.com.

    Contact

    Investor Relations:
    Oaktree Specialty Lending Corporation
    Clark Koury
    (213) 830-6222
    ocsl-ir@oaktreecapital.com

    The MIL Network

  • MIL-OSI: Precision Drilling Corporation 2025 Second Quarter Results Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) — Precision Drilling Corporation (Precision) intends to release its 2025 second quarter results after the market closes on Tuesday, July 29, 2025, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, July 30, 2025.

    To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

    https://register-conf.media-server.com/register/BI9c97a8ad554c49e8a59d76dca08d3900

    The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision’s website for 12 months.

    https://edge.media-server.com/mmc/p/2htkxz4p

    About Precision

    Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

    Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

    Additional Information

    For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

    Lavonne Zdunich, CPA, CA
    Vice President, Investor Relations
    403.716.4500

    800, 525 – 8th Avenue S.W.
    Calgary, Alberta, Canada T2P 1G1
    Website: www.precisiondrilling.com

    The MIL Network

  • MIL-OSI: PrairieSky Royalty Announces Conference Call for Q2 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 02, 2025 (GLOBE NEWSWIRE) — PrairieSky will release its Q2 2025 results on Monday, July 14, 2025 after markets close. The news release detailing PrairieSky’s Q2 2025 results will provide operating and financial information. Financial statements along with management’s discussion and analysis will be available on PrairieSky’s website at www.prairiesky.com and on SEDAR+ at www.sedarplus.com.

    A conference call to discuss the results will be held for the investment community on Tuesday, July 15, 2025 beginning at 6:30 am MT (8:30 am ET). To participate in the conference call, you are asked to register at the link provided below. Details regarding the call will be provided to you upon registration.

    About PrairieSky Royalty Ltd.

    PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating free cash flow and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    PrairieSky Royalty Ltd.
    Investor Relations
    (587) 293-4000

    www.prairiesky.com

    PDF available: http://ml.globenewswire.com/Resource/Download/be0c67a5-d94d-4c62-b812-830eeb9df617

    The MIL Network

  • MIL-OSI: Old National Bancorp Announces Schedule for Second-Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., July 02, 2025 (GLOBE NEWSWIRE) — Old National Bancorp (“Old National”), the holding company of Old National Bank, today announced the following schedule for its second-quarter 2025 earnings release and conference call:

    Earnings Release: Tuesday, July 22, 2025, at approximately 7:00 A.M. ET
       
    Conference Call: Tuesday, July 22, 2025, at 10:00 A.M. ET
       
    Dial-in Numbers U.S. (800) 715-9871; International: (646) 307-1963; Access code 9394540
       
    Webcast:  Via Old National’s Investor Relations website at oldnational.com
       
    Webcast Replay:  Available approximately one hour after completion of the call, until midnight ET on July 22, 2026, via Old National’s Investor Relations website at oldnational.com
       
    Telephone Replay: U.S. (800) 770-2030; International: (647) 362-9199; Access code 9394540. The replay will be available approximately one hour after completion of the call until midnight ET on August 5, 2025
       

    ABOUT OLD NATIONAL
    Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $70 billion of assets and $37 billion of assets under management (including Bremer Financial Corporation on a pro forma basis as of March 31, 2025), Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of “The Civic 50” — an honor reserved for the 50 most community-minded companies in the United States.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    The MIL Network

  • MIL-OSI: Capital Southwest Receives Affirmed Investment Grade Rating from Fitch Ratings

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 02, 2025 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest,” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced that Fitch Ratings (“Fitch”) has affirmed Capital Southwest’s investment grade long-term issuer rating of BBB- with a stable outlook. Additionally, Fitch affirmed CSWC’s senior secured debt rating of BBB with a stable outlook. Factors cited by Fitch in support of its ratings include Capital Southwest’s senior secured portfolio focus, diverse funding profile, robust asset coverage cushion and consistent operating performance.

    About Capital Southwest

    Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

    Forward-Looking Statements

    This press release contains historical information and forward-looking statements with respect to the business and investments of Capital Southwest, including, but not limited to, the statements about Capital Southwest’s future performance and financial performance and financial condition. Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on our business and our portfolio companies; regulatory changes; tax treatment; our ability to operate Capital Southwest SBIC I, LP and Capital Southwest SBIC II, LP as small business investment companies; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and our financial condition; an economic downturn and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of supply chain constraints on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests.

    Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest’s Annual Report on Form 10-K for the year ended March 31, 2025 and any subsequent filings with the SEC, including the “Risk Factors” sections therein, for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

    Investor Relations Contact:

    Michael S. Sarner, President and Chief Executive Officer
    214-884-3829

    The MIL Network

  • MIL-OSI: Capital Southwest Receives Affirmed Investment Grade Rating from Fitch Ratings

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 02, 2025 (GLOBE NEWSWIRE) — Capital Southwest Corporation (“Capital Southwest,” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced that Fitch Ratings (“Fitch”) has affirmed Capital Southwest’s investment grade long-term issuer rating of BBB- with a stable outlook. Additionally, Fitch affirmed CSWC’s senior secured debt rating of BBB with a stable outlook. Factors cited by Fitch in support of its ratings include Capital Southwest’s senior secured portfolio focus, diverse funding profile, robust asset coverage cushion and consistent operating performance.

    About Capital Southwest

    Capital Southwest Corporation (Nasdaq: CSWC) is a Dallas, Texas-based, internally managed business development company with approximately $1.8 billion in investments at fair value as of March 31, 2025. Capital Southwest is a middle market lending firm focused on supporting the acquisition and growth of middle market businesses with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. As a public company with a permanent capital base, Capital Southwest has the flexibility to be creative in its financing solutions and to invest to support the growth of its portfolio companies over long periods of time.

    Forward-Looking Statements

    This press release contains historical information and forward-looking statements with respect to the business and investments of Capital Southwest, including, but not limited to, the statements about Capital Southwest’s future performance and financial performance and financial condition. Forward-looking statements are statements that are not historical statements and can often be identified by words such as “will,” “believe,” “expect” and similar expressions and variations or negatives of these words. These statements are based on management’s current expectations, assumptions and beliefs. They are not guarantees of future results and are subject to numerous risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. These risks include risks related to: changes in the markets in which Capital Southwest invests; changes in the financial, capital, and lending markets; changes in the interest rate environment and its impact on our business and our portfolio companies; regulatory changes; tax treatment; our ability to operate Capital Southwest SBIC I, LP and Capital Southwest SBIC II, LP as small business investment companies; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and our financial condition; an economic downturn and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of supply chain constraints on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests.

    Readers should not place undue reliance on any forward-looking statements and are encouraged to review Capital Southwest’s Annual Report on Form 10-K for the year ended March 31, 2025 and any subsequent filings with the SEC, including the “Risk Factors” sections therein, for a more complete discussion of the risks and other factors that could affect any forward-looking statements. Except as required by the federal securities laws, Capital Southwest does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

    Investor Relations Contact:

    Michael S. Sarner, President and Chief Executive Officer
    214-884-3829

    The MIL Network

  • MIL-OSI: Arbor Realty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030

    Source: GlobeNewswire (MIL-OSI)

    UNIONDALE, N.Y., July 02, 2025 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (“Arbor”) (NYSE: ABR) today announced that its subsidiary, Arbor Realty SR, Inc. (the “Issuer”), has priced an offering of $500 million aggregate principal amount of 7.875% Senior Notes due 2030 (the “Notes”) in a private 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”), and outside the United States to non-United States persons in compliance with Regulation S under the Securities Act. The Notes will be the senior, unsecured obligations of the Issuer and will be fully and unconditionally guaranteed on a senior, unsecured basis by Arbor. The offering is expected to close on July 9, 2025, subject to the satisfaction of customary closing conditions.

    The Issuer intends to use a portion of the net proceeds of the offering to refinance, redeem or otherwise repay Arbor’s remaining outstanding 7.50% Convertible Notes due 2025 and use any remaining proceeds from the offering for general corporate purposes.

    J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.

    The offer and sale of the Notes and the related guarantee have not been and will not be registered under the Securities Act or any state securities laws, and, unless so registered, the Notes and the related guarantee may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, or the solicitation of any sale, of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Safe Harbor Statement

    Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor and the Issuer can give no assurance that their expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s and the Issuer’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. Arbor and the Issuer expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s or the Issuer’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

    Contact:
    Arbor Realty Trust, Inc.
    Investor Relations
    516-506-4200
    InvestorRelations@arbor.com 

    The MIL Network

  • MIL-OSI: Arbor Realty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030

    Source: GlobeNewswire (MIL-OSI)

    UNIONDALE, N.Y., July 02, 2025 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (“Arbor”) (NYSE: ABR) today announced that its subsidiary, Arbor Realty SR, Inc. (the “Issuer”), has priced an offering of $500 million aggregate principal amount of 7.875% Senior Notes due 2030 (the “Notes”) in a private 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”), and outside the United States to non-United States persons in compliance with Regulation S under the Securities Act. The Notes will be the senior, unsecured obligations of the Issuer and will be fully and unconditionally guaranteed on a senior, unsecured basis by Arbor. The offering is expected to close on July 9, 2025, subject to the satisfaction of customary closing conditions.

    The Issuer intends to use a portion of the net proceeds of the offering to refinance, redeem or otherwise repay Arbor’s remaining outstanding 7.50% Convertible Notes due 2025 and use any remaining proceeds from the offering for general corporate purposes.

    J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.

    The offer and sale of the Notes and the related guarantee have not been and will not be registered under the Securities Act or any state securities laws, and, unless so registered, the Notes and the related guarantee may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, or the solicitation of any sale, of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Safe Harbor Statement

    Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor and the Issuer can give no assurance that their expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s and the Issuer’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. Arbor and the Issuer expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s or the Issuer’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

    Contact:
    Arbor Realty Trust, Inc.
    Investor Relations
    516-506-4200
    InvestorRelations@arbor.com 

    The MIL Network

  • MIL-OSI: Arbor Realty SR, Inc. Prices Offering of $500 Million of 7.875% Senior Notes due 2030

    Source: GlobeNewswire (MIL-OSI)

    UNIONDALE, N.Y., July 02, 2025 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (“Arbor”) (NYSE: ABR) today announced that its subsidiary, Arbor Realty SR, Inc. (the “Issuer”), has priced an offering of $500 million aggregate principal amount of 7.875% Senior Notes due 2030 (the “Notes”) in a private 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”), and outside the United States to non-United States persons in compliance with Regulation S under the Securities Act. The Notes will be the senior, unsecured obligations of the Issuer and will be fully and unconditionally guaranteed on a senior, unsecured basis by Arbor. The offering is expected to close on July 9, 2025, subject to the satisfaction of customary closing conditions.

    The Issuer intends to use a portion of the net proceeds of the offering to refinance, redeem or otherwise repay Arbor’s remaining outstanding 7.50% Convertible Notes due 2025 and use any remaining proceeds from the offering for general corporate purposes.

    J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.

    The offer and sale of the Notes and the related guarantee have not been and will not be registered under the Securities Act or any state securities laws, and, unless so registered, the Notes and the related guarantee may not be offered or sold in the United States or to U.S. persons except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall it constitute an offer, or the solicitation of any sale, of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Safe Harbor Statement

    Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor and the Issuer can give no assurance that their expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s and the Issuer’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2024 and its other reports filed with the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this press release. Arbor and the Issuer expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s or the Issuer’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

    Contact:
    Arbor Realty Trust, Inc.
    Investor Relations
    516-506-4200
    InvestorRelations@arbor.com 

    The MIL Network

  • MIL-OSI: Compass Diversified Declares Second Quarter 2025 Distributions on Series A, B and C Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    WESTPORT, Conn., July 02, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution for each of its three preferred share series. This announcement underscores that in the wake of its ongoing investigation of Lugano, the Company’s diversified business model supports its continued ability to generate strong cash flow.

    The Board declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, April 30, 2025, up to, but excluding, July 30, 2025. The distribution for such period is payable on July 30, 2025, to all holders of record of Series A Preferred Shares as of July 15, 2025.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from, and including, April 30, 2025, up to, but excluding, July 30, 2025. The distribution for such period is payable on July 30, 2025, to all holders of record of Series A Preferred Shares as of July 15, 2025.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series C Preferred Shares (the “Series C Preferred Shares”). The distribution on the Series C Preferred Shares covers the period from, and including, April 30, 2025, up to, but excluding, July 30, 2025. The distribution for such period is payable on July 30, 2025, to all holders of record of Series A Preferred Shares as of July 15, 2025.

    CODI’s preferred cash distributions should generally constitute “qualified dividends” for U.S. federal income tax purposes to the extent they are paid from “earnings and profits” (as determined under U.S. federal income tax principles), provided that the requisite holding period is met. To the extent that the amount of cash distributions exceeds earnings and profits, such distribution will first be treated as a non-taxable return of capital to the extent of the holder’s adjusted tax basis in the shares and thereafter be treated as a capital gain from the sale or exchange of such shares.

    About Compass Diversified

    Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the branded consumer, industrial, healthcare, and critical outsourced services sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability. For more information, please visit compassdiversified.com.

    Forward Looking Statements
    This press release contains 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, including without limitation, CODI’s expectations as to the timing and outcome of the Lugano investigation, CODI’s credit availability and future liquidity, actions taken in response to the outcome of the investigation, the future performance of Lugano and CODI’s other subsidiaries, the filing or delay of CODI’s periodic reports, and the amount of any potential misstatements associated with Lugano and the impact any such misstatements may have on CODI’s previously issued financial statements or results of operations. Such forward looking statements may be identified by, among other things, the use of forward-looking terminology such as “believe,” “expect,” “may,” “could,” “would,” “plan,” “intend,” “estimate,” “predict,” “potential,” “continue,” “should” or “anticipate” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. These statements are based on beliefs and assumptions by the Board of Directors and management, and on information currently available to CODI’s Board of Directors and management. These statements involve risk and uncertainties that could cause CODI’s actual results and outcomes to differ, perhaps materially, including but not limited to: the discovery of additional information relevant to the investigation; the conclusions (and timing of those conclusions) concerning matters relating to the investigation; the timing of the review by, and the conclusions of, Grant Thornton regarding the investigation and CODI’s financial statements; a further material delay in CODI’s financial reporting or ability to hold an annual meeting of stockholders; the impacts of restatement reviews; the likelihood that the control deficiencies identified or that may be identified in the future will result in material weaknesses in CODI’s internal control over financial reporting; and commercial litigation relating to the investigation, including CODI’s representations regarding its financial statements, and the possibility of future litigation or investigation relating to CODI’s internal controls, restatement reviews, the investigation, or related matters. Please see CODI’s Annual Report on Form 10-K for the year ended December 31, 2024 for other risk factors that you should consider in connection with such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date such statements have been made. Except as required by law CODI does not undertake any public obligation to update any forward-looking statements to reflect events, circumstances, or new information after the date of this press release, or to reflect the occurrence of unanticipated events.

    Investor Relations
    Compass Diversified
    irinquiry@compassdiversified.com

    Source: Compass Diversified Holdings

    The MIL Network

  • MIL-OSI: Mercury Selected to Improve U.S. Defense Supply Chain Resilience for Priority Domestic Microelectronics Technology

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., July 02, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing to the edge, today announced it has been selected by the U.S. Department of Defense (DoD) for funding through its Industrial Base Analysis and Sustainment (IBAS) Program to develop a next-generation RF signal conditioning multi-chip package (MCP). The IBAS Program aims to improve the readiness and competitiveness of the defense industrial base through investments in high-priority domestic technologies and supply chains.

    Under a two-year, $8.5 million contract with commercial partner Systems Innovation Engineering, Mercury will develop and demonstrate a new solution designed to enhance the performance and cost of X-band Active Electronically Steered Array (AESA) radars used in air, sea, and ground-based applications. This ultra-compact signal conditioning package will leverage Mercury expertise and innovation in microwave and mixed signal technologies to reduce the size, weight, and power requirements of these integrated assemblies by more than 80% compared to existing hardware. By leveraging state-of-the-art processes, this capability will be more producible, affordability will be improved, and high-volume missions will be enabled.

    “This award demonstrates DoD’s confidence in Mercury’s ability to rapidly develop innovative RF solutions that utilize a broad set of our in-house capabilities, spanning engineering design, advanced packaging, and high-volume manufacturing production,” said Ken Hermanny, Mercury’s Senior Vice President of Signal Technologies. “We’re building a first-of-its-kind signal conditioning module optimized for performance and scalable to meet future demands for a wide range of radar programs and customers.”

    “This effort exemplifies the power of our processing platform to bring together silicon-to-system innovation from across Mercury,” said Tony Trinh, Senior Director of Advanced Packaging within Mercury’s recently formed Advanced Concepts Group. “By drawing on capabilities from across our enterprise to build an integrated yet configurable, high-performance solution, we are accelerating technology insertion and supporting our customer’s mission with trusted, leading-edge technology.”

    “This capability will play a pivotal role in advancing RF sensor performance and readiness to counter the evolving threat landscape we will face in the years ahead,” said John Schofield, who supports the IBAS Program as a Chief Scientist assigned to the U.S. Naval Surface Warfare Center’s Crane Division. “It supports the warfighter by enabling faster, more reliable threat detection, delivered through trusted, U.S.-sourced innovation.”

    Mercury Systems – Innovation that matters®
    Mercury Systems is a technology company that delivers mission-critical processing to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has more than 20 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    Forward-Looking Safe Harbor Statement
    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company’s focus on enhanced execution of the Company’s strategic plan. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company’s products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, such as the deductibility of internal research and development, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

    INVESTOR CONTACT
    Tyler Hojo
    Vice President, Investor Relations
    Tyler.Hojo@mrcy.com

    MEDIA CONTACT
    Turner Brinton
    Senior Director, Corporate Communications
    Turner.Brinton@mrcy.com

    The MIL Network

  • MIL-OSI: Mercury Selected to Improve U.S. Defense Supply Chain Resilience for Priority Domestic Microelectronics Technology

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., July 02, 2025 (GLOBE NEWSWIRE) — Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing to the edge, today announced it has been selected by the U.S. Department of Defense (DoD) for funding through its Industrial Base Analysis and Sustainment (IBAS) Program to develop a next-generation RF signal conditioning multi-chip package (MCP). The IBAS Program aims to improve the readiness and competitiveness of the defense industrial base through investments in high-priority domestic technologies and supply chains.

    Under a two-year, $8.5 million contract with commercial partner Systems Innovation Engineering, Mercury will develop and demonstrate a new solution designed to enhance the performance and cost of X-band Active Electronically Steered Array (AESA) radars used in air, sea, and ground-based applications. This ultra-compact signal conditioning package will leverage Mercury expertise and innovation in microwave and mixed signal technologies to reduce the size, weight, and power requirements of these integrated assemblies by more than 80% compared to existing hardware. By leveraging state-of-the-art processes, this capability will be more producible, affordability will be improved, and high-volume missions will be enabled.

    “This award demonstrates DoD’s confidence in Mercury’s ability to rapidly develop innovative RF solutions that utilize a broad set of our in-house capabilities, spanning engineering design, advanced packaging, and high-volume manufacturing production,” said Ken Hermanny, Mercury’s Senior Vice President of Signal Technologies. “We’re building a first-of-its-kind signal conditioning module optimized for performance and scalable to meet future demands for a wide range of radar programs and customers.”

    “This effort exemplifies the power of our processing platform to bring together silicon-to-system innovation from across Mercury,” said Tony Trinh, Senior Director of Advanced Packaging within Mercury’s recently formed Advanced Concepts Group. “By drawing on capabilities from across our enterprise to build an integrated yet configurable, high-performance solution, we are accelerating technology insertion and supporting our customer’s mission with trusted, leading-edge technology.”

    “This capability will play a pivotal role in advancing RF sensor performance and readiness to counter the evolving threat landscape we will face in the years ahead,” said John Schofield, who supports the IBAS Program as a Chief Scientist assigned to the U.S. Naval Surface Warfare Center’s Crane Division. “It supports the warfighter by enabling faster, more reliable threat detection, delivered through trusted, U.S.-sourced innovation.”

    Mercury Systems – Innovation that matters®
    Mercury Systems is a technology company that delivers mission-critical processing to the edge, making advanced technologies profoundly more accessible for today’s most challenging aerospace and defense missions. The Mercury Processing Platform allows customers to tap into innovative capabilities from silicon to system scale, turning data into decisions on timelines that matter. Mercury’s products and solutions are deployed in more than 300 programs and across 35 countries, enabling a broad range of applications in mission computing, sensor processing, command and control, and communications. Mercury is headquartered in Andover, Massachusetts, and has more than 20 locations worldwide. To learn more, visit mrcy.com. (Nasdaq: MRCY)

    Forward-Looking Safe Harbor Statement
    This press release contains certain forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, including those relating to the Company’s focus on enhanced execution of the Company’s strategic plan. You can identify these statements by the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. Such risks and uncertainties include, but are not limited to, continued funding of defense programs, the timing and amounts of such funding, general economic and business conditions, including unforeseen weakness in the Company’s markets, effects of any U.S. federal government shutdown or extended continuing resolution, effects of geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in or cost increases related to completing development, engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, changes in, or in the U.S. government’s interpretation of, federal export control or procurement rules and regulations, including tariffs, changes in, or in the interpretation or enforcement of, environmental rules and regulations, market acceptance of the Company’s products, shortages in or delays in receiving components, supply chain delays or volatility for critical components, production delays or unanticipated expenses including due to quality issues or manufacturing execution issues, adherence to required manufacturing standards, capacity underutilization, increases in scrap or inventory write-offs, failure to achieve or maintain manufacturing quality certifications, such as AS9100, the impact of supply chain disruption, inflation and labor shortages, among other things, on program execution and the resulting effect on customer satisfaction, inability to fully realize the expected benefits from acquisitions, restructurings, and operational efficiency initiatives or delays in realizing such benefits, challenges in integrating acquired businesses and achieving anticipated synergies, effects of shareholder activism, increases in interest rates, changes to industrial security and cyber-security regulations and requirements and impacts from any cyber or insider threat events, changes in tax rates or tax regulations, such as the deductibility of internal research and development, changes to interest rate swaps or other cash flow hedging arrangements, changes to generally accepted accounting principles, difficulties in retaining key employees and customers, litigation, including the dispute arising with the former CEO over his resignation, unanticipated costs under fixed-price service and system integration engagements, and various other factors beyond our control. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 28, 2024 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

    INVESTOR CONTACT
    Tyler Hojo
    Vice President, Investor Relations
    Tyler.Hojo@mrcy.com

    MEDIA CONTACT
    Turner Brinton
    Senior Director, Corporate Communications
    Turner.Brinton@mrcy.com

    The MIL Network