NewzIntel.com

Category: Finance

  • MIL-OSI USA: Lummis Releases List of Wyoming Wins in One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Wyoming Cynthia Lummis

    July 1, 2025

    Washington, D.C. – Senator Cynthia Lummis (R-WY) today released the following statement and list highlighting some Wyoming specific wins included in the One Big Beautiful Bill that passed the Senate today.  

    “The One Big Beautiful Bill represents a victory for our state and our nation’s future,” Lummis said. “This legislation reverses years of federal policies that hurt Wyoming’s energy workers and families, instead focusing on real American priorities: expanding domestic energy production, cutting taxes for working families, and backing our ranchers and farmers.”

    Background: 

    Coal Industry:

    • Reduced Royalty Rates: Cuts federal coal royalty rates from 12.5% to 7% for new and existing leases through 2034 to incentivize production and increase revenue.
    • Mandatory New Leases: Requires Interior Secretary to lease at least 4 million additional acres of known recoverable coal reserves within 90 days of enactment.
    • Enhanced Market Access: Eliminates regulatory barriers that have prevented coal development on federal lands.

    Oil & Gas:

    • Quarterly Lease Sales: Mandates BLM hold quarterly lease sales in nine Western states, including Wyoming, for ten years.
    • Extended Drilling Permits: Increases drilling permits from three to four years, providing greater operational certainty.
    • Eliminated Bureaucratic Fees: Removes the $5-per-acre Expression of Interest Fee that previously discouraged land nominations.
    • Restored Competitive Framework: Reinstates noncompetitive leasing to encourage exploration and streamlines surface commingling applications.
    • Fair Royalty Rates: Restores pre–Inflation Reduction Act royalty rate of 12.5%, reversing punitive increases.
    • Faster NEPA Timelines: Introduces optional expedited environmental review process under NEPA, allowing project sponsors to pay fees for faster timelines (one year for Environmental Impact Statements, six months for Environmental Assessments).

    Timber Sales & Wildfire Prevention:

    • Mandatory Timber Contracts: Requires USFS to enter 40 long-term timber sale contracts between 2025-2034 to reduce wildfire risk, boost the economy, and create WY jobs.

    State & Local Revenue:

    • Fair Revenue Distribution: Directs 25% of renewable energy revenue from public lands to state where the lease operates. 
    • County Support: Allocates additional 25% to counties based on project location, ensuring local communities benefit from development.

    Bureau of Reclamation Investment:

    • $1 Billion Investment: Dedicated funding for restoration and expansion of surface water storage facilities. Wyoming has seven irrigation districts and water storage capacity.
    • Conveyance Facility Improvements: Funds construction activities that restore or increase capacity of existing facilities.

    Livestock Protection:

    • Depredation Reimbursement: Provides compensation for livestock losses due to wolves, bears, and eagles.
    • Drought/Fire Relief: Expands eligibility and payments for grazing losses on federal lands
    • Risk Management: Strengthens programs for disease preparedness, lab testing, and vaccine stockpiles.

    Market Access & Production:

    • Export Promotion: Creates permanent $285 million annual USDA program for agricultural export marketing.
    • Base Acre Expansion: Allows enrollment of up to 30 million new base acres to address Western producer inequities.
    • Production History Recognition: Includes previously ineligible lands in farm programs.

    Estate Tax Relief:

    • Increased Exemption: Raises estate tax exemption to $15 million (single)/$30 million (married), indexed for inflation.
    • Generational Help: Helps families pass ranches and farms to next generation without crushing tax burden.

    Business Investment Incentives:

    • Equipment Expensing: Restores 100% immediate expensing for new and used equipment – making it easier to invest in growth and resilience strategies for our hard-working ranchers
    • Investment Threshold: Raises immediate expensing cap to $2.5 million for equipment and property purchases.
    • Rural Economic Development: Provides powerful tools for reinvestment in operations and rural community growth.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Man handed prison sentence following illegal street racing death

    Source: New Zealand Police

    “Is a life really worth it?”

    It’s a question Police is putting to anti-social road users after an Auckland man’s sentencing over a pregnant woman losing her baby when she was struck in May 2023.

    Police began investigating the illegal street racing event on 19 May 2023 in the East Tamaki area.

    Today, a 24-year-old man was sentenced in the Auckland High Court to two years and four months imprisonment for manslaughter, dangerous driving and driving while disqualified.

    He has also been disqualified from driving for 12 months.

    For legal reasons he cannot be named at this stage.

    “The events of that night were a tragedy for everyone concerned,” Counties Manukau East Area Investigations Manager, Detective Senior Sergeant Dean Batey says.

    “The man took part in illegal street racing that was occurring in East Tamaki that night.

    “While racing on a public road he struck a pregnant spectator, seriously injuring her and forcing emergency surgical procedures to be carried out.

    “Her young baby sustained such catastrophic injuries that she barely even stood a chance at life and did not survive the day.”

    Baby Sativa would have celebrated her second birthday earlier this year.

    Police is sending a strong message to anti-social road users.

    Detective Senior Sergeant Batey says Police and the wider community will not tolerate such blatant disregard for others around them.

    “A lot of this behaviours ends up as merely a momentary rush of glory on social media or amongst peers.

    “The reality is that the driving taking place on public roads is putting participants, spectators and innocent members of the public at real risk.

    “I put this question to those taking part: ‘Is a life really worth it?’”

    Police will continue to carry out disruptive and enforcement activities in response to anti-social behaviour on our roads.

    Anyone who witnesses offending taking place should contact Police on 111 as soon as possible.

    Further information can also be reported to Police online or by calling 105.

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: City and Regional Deals to unlock growth

    Source: New Zealand Government

    The Government has laid out its expectations for City and Regional Deals (CRDs) as long-term partnerships that will increase economic growth, create jobs, and boost productivity for New Zealanders, Infrastructure Minister Chris Bishop and Local Government Minister Simon Watts say.

    The Government has also signed the first Memoranda of Understanding (MOUs) to negotiate deals with Auckland, Otago/Central Lakes and Western Bay of Plenty.

    “City and Regional Deals will be strategic 10-year partnerships between local and central government to progress joint priorities including economic growth, enabling abundant housing, better management and utilisation of local assets, and closing the infrastructure deficit,” Mr Bishop says.

    “The Government has established five objectives for the City and Regional Deals programme:

    1. Better coordination between central government and regions, including how we work together and align our priorities
    2. Unlocking regions’ unique potential and lifting economic growth, including regional employment opportunities
    3. Making room forhousing growth
    4. Ensuring local governments do a better job at managing and utilising their asset base and make significant progress to close their infrastructure deficits – without new funding from Central Government.
    5. Ensuring Local Governments comprehensively adopt Central Government priority reforms such as Local Water Done Well, Resource Management Act reform, and Going for Housing Growth.

    “Today we are outlining what central government will put on the table during negotiations for cities and regions participating in CRDs. These are:

    1. Improved central government coordination (both internally and with the regions), ensuring the right agencies are around the table. This could include agreement to deploy more senior officials to existing Urban Growth Partnerships and other governance arrangements, and improved Government infrastructure investment and asset management.
    2. Early collaboration with councils on system reforms including undertaking joint-spatial planning ahead of RM reform implementation. We will consider improvements to existing regulatory frameworks including: zoning, fees and charges innovation, streamlined planning and land acquisition processes, regional spatial planning.
    3. Providing councils with new funding and financing tools and incentivising them to better utilise existing ones. This could include considering the use of sharing of mining royalties, mobilising existing government funds to support deals, and providing access to government experts that could help councils use more complex tools such as Infrastructure Funding and Financing Act Levies.
    4. Supporting regions to unlock growth sectors (e.g., technology, biotech, advanced transportation, aquaculture, tourism, cleantech, renewable energy). Central government will consider locating “confirmed/funded” innovation facilities/institutes in regions as part of a CRD. 

    Notes to editor: 

    The three regions:

    • The Auckland region comprises Auckland Council.
    • The Otago Central Lakes region comprises Queenstown Lakes District Council, Central Otago District Council and Otago Regional Council.
    • The Western Bay of Plenty region comprises Tauranga City Council, Western Bay of Plenty District Council and Bay of Plenty Regional Council.

    Regions’ light-touch proposals were assessed by a multi-agency assessment panel against four criteria: 

    • Strategic alignment – Is the proposal aligned with the Government’s priority objectives, does it have economic growth potential, and is there a commitment to housing and development growth?
    • Effective partnerships – How strong and effective are the local and central government partnerships, is there collaboration between councils in the region, is there a history of positive collaboration with central government, and is there a commitment to broader government reforms and work programmes?
    • Deliverability – Is there capacity, capability and readiness to deliver?
    • Economic and financial feasibility – Is the proposal feasible, are projects likely to have a positive cost-benefit ratio, are timelines realistic, and is the risk profile of proposed projects acceptable?

    More information is available at: www.dia.govt.nz/Regional-Deals 

    “The Government expects that local government provides a better framework/structure for regional relationships with central government, and improves asset renewals, maintenance and management including ensuring a pipeline of future infrastructure work.

    “We also expect that councils will go above legal and regulatory minimum requirements to unlock housing growth including around rapid transit corridors and where central government has invested in infrastructure. Further, we want regions to commit to exploring demand management tools like time of use charging.

    “We are eager that regions commit to exploring new and existing tools including (but not limited to): Targeted rates, IFF Act Levies, Development Levies, asset recycling, and become attractive destinations for international investment opportunities.”

    “The Government also expects regions to comprehensively adopt priority Central Government reform including Local Water Done Well, Going for Housing Growth, Resource Management Act and transport governance reform in Auckland,” Mr Watts says.

    “Late last year, councils were invited to submit regional deal proposals to the Government. In total, 18 proposals were submitted. 

    “Following a multi-agency assessment process that included review by independent experts, Cabinet agreed to progress to MOUs with three regions.

    “The Government has now signed MOUs with the Mayors from Auckland, Otago Central Lakes and Western Bay of Plenty.

    “All three regions have existing Urban Growth Partnerships which demonstrate existing collaboration, and all three have economies with significant economic growth potential.

    “These initial regions put together compelling proposals that reflect the Government’s and the regions’ priorities through strong propositions that provide a clear pathway to getting important work done. 

    “The Government will now begin negotiations with the three regions, with a view to agreeing the first Deal by the end of 2025.”

    The MOU signings reflect the National-Act Coalition Agreement to institute long-term city and regional infrastructure deals, allowing PPPs, tolling and value capture rating to fund infrastructure.

    MIL OSI New Zealand News –

  • MIL-OSI China: Youths serve as bridge for Cambodia-China enhanced friendship, cooperation

    Source: People’s Republic of China – State Council News

    PHNOM PENH, July 1 — Youths have served and will continue to serve as a key bridge for enhanced friendship, exchanges and cooperation between Cambodia and China, experts and youths said here on Tuesday.

    They made the remarks during a Cambodian and Chinese youth dialogue on their role in building an all-weather Cambodia-China community with a shared future in a new era, which was organized by the Youth House for Cambodia-China Friendship in Phnom Penh.

    “Youths are the future of Cambodia-China relations,” Sok Piseth, secretary general of the Youth House for Cambodia-China Friendship, told some 50 participants at the dialogue.

    “Youths really play a very important role in fostering and promoting ties and cooperation between our two countries,” he added.

    Piseth said the dialogue was vital to promote mutual understanding, learning and trust, and gave an opportunity for youths of both countries to explore mutual culture and civilization.

    Thong Mengdavid, a lecturer at the Institute for International Studies and Public Policy of the Royal University of Phnom Penh, who is a moderator at the dialogue, said youth are one of central pillars of Cambodia-China cooperation, playing a vital role in strengthening long-term bilateral ties.

    “Investing in young people today means laying a foundation for a more connected and cooperative future,” he said.

    “Promoting mutual understanding through cultural exchange programs, educational partnerships, tourism, and open dialogues allows Cambodian and Chinese youths to appreciate each other’s histories, traditions, and contemporary realities,” he added.

    Mengdavid said these engagements not only foster personal connections but also help build trust and empathy between future leaders of both nations.

    Ky Sereyvath, director-general of the Institute of China Studies, a think tank under the Royal Academy of Cambodia, said Cambodia and China have enjoyed fruitful cooperation in all areas, particularly in the economy, trade, investment, digital technology, education, tourism, culture, and agriculture.

    “Cooperation in these areas has provided mutual benefit and win-win results for both countries,” he said at the event.

    Try Thyda, a 20-year-old Cambodian student at the Royal University of Phnom Penh, said she would love to be the bridge of friendship between Cambodia and China when she graduates.

    “I’m very happy with the ties because they have brought benefits in all sectors, from the economy to tourism and agriculture,” she told Xinhua after the dialogue.

    Thyda said she could contribute to advancing Cambodia-China relations in the areas of education and innovation.

    “I think I can inspire students both Cambodia and China to be more connected with one another,” she said.

    Lu Xuanren, a 19-year-old Chinese student at the Royal University of Phnom Penh, was very optimistic over Cambodia-China ties, saying that the relations will be even stronger in the future.

    “We will have more connections,” he told Xinhua at the event.

    “We need to strengthen relationship between youths,” he said.

    MIL OSI China News –

  • MIL-OSI: Origin Investment Corp I Announces Pricing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 01, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a blank check company, today announced the pricing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. The units are expected to begin trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as described in the prospectus. Only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or the Company’s liquidation. The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ORIQ” and “ORIQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. In addition, the Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover over-allotments, if any.

    ThinkEquity is acting as sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

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

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the IPO will be completed on the terms described above, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI: Origin Investment Corp I Announces Pricing of $60,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 01, 2025 (GLOBE NEWSWIRE) — Origin Investment Corp I (the “Company”), a blank check company, today announced the pricing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. The units are expected to begin trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment as described in the prospectus. Only whole warrants are exercisable. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or the Company’s liquidation. The offering is expected to close on July 3, 2025, subject to satisfaction of customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “ORIQ” and “ORIQW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. In addition, the Company has granted the underwriters a 45-day option to purchase up to 900,000 additional units at the IPO price to cover over-allotments, if any.

    ThinkEquity is acting as sole book-running manager for the offering.

    A registration statement on Form S-1 (File No. 333-284189) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on July 1, 2025. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

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

    About Origin Investment Corp I

    The Company is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company will not limit its search for a target company to any particular business segment, the Company intends to focus its search for a target business in Asia. However, the Company will not consummate its initial business combination with an entity or business in China or with China operations consolidated through a variable interest entity structure.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the IPO will be completed on the terms described above, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact:

    Edward Chang, CEO
    +65 7825-5768
    eychang@originequity.partners

    The MIL Network –

  • MIL-OSI Africa: Qatar Affirms Commitment to Enhancing Partnership for Inclusive Development

    Source: Government of Qatar

    Seville, July 02, 2025

    The State of Qatar reaffirmed its commitment to fostering partnerships and mobilizing financing for inclusive development, expressing pride in hosting the Second Global Summit on Social Development this coming November. 

    The summit aims to enhance global dialogue and action toward inclusive social development and achieving the 2030 Sustainable Development Goals (SDGs).

    This message was delivered by HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad on financing inclusive and sustainable development. The session was co-organized by the State of Qatar and the Kingdom of Spain in cooperation with the International Labour Organization (ILO), as part of the Fourth International Conference on Financing for Development in Seville.

    HE the minister emphasized that achieving the SDGs requires effective international cooperation, especially to support vulnerable populations affected by poverty, conflict, and climate change. Her Excellency stressed the urgent need for strong partnerships and sustained investment in education, healthcare, and social protection. She added that a real commitment is needed to leaving no one behind, with special attention to women, children, the elderly, and persons with disabilities.

    Her Excellency underscored that the State of Qatar continues to pursue its Vision 2030 by building a knowledge-based economy driven by innovation, social justice, and inclusion. She highlighted that sustainable development indicators are being integrated into all national policies, with a strong emphasis on the family and expanding access to quality education and healthcare.

    At the international level, HE the minister reiterated the State of Qatar’s commitment to working closely with UN agencies, particularly the UN Development Programme (UNDP), and to investing in development acceleration labs that support local innovation in over 115 countries. She also noted the State of Qatar’s role in supporting education in emergencies, including a new partnership with the World Bank that converts debt relief into social investment.

    Commenting on the broader global agenda, Her Excellency said that the State of Qatar views the Seville Commitment as a vital stepping stone to the upcoming Doha Summit. She called for joint efforts to reform global financing mechanisms and to strengthen collaboration with international financial institutions like the World Bank, the International Monetary Fund, and development banks. Her Excellency also called for ensuring that human rights remain at the heart of all development efforts, adding that the State of Qatar looks forward to having everyone work together, in a spirit of partnership and innovation, to develop real solutions that reach those most in need. 

    MIL OSI Africa –

  • MIL-OSI New Zealand: Weekend spree sees man in court

    Source: New Zealand Police

    A spree of car break-ins across one North Shore suburb has parked one offender in a court dock.

    Police have so far charged him with 17 offences over one weekend.

    In recent days, Waitematā East Police began investigating a spate of theft reports from vehicles parked in Schnapper Rock.

    Waitematā East Area Investigators Manager, Detective Senior Sergeant Mike Williams says numerous break-ins occurred between 26 and 29 June.

    “Offenders have been targeting sunglasses, wallets, bank cards and other items left in plain view,” he says.

    “A break came in enquiries when offenders were disturbed in the act on Sunday.

    “The victims got a very good description of a vehicle being used in the offending, which was invaluable to us.”

    Frontline staff attended the incident and, through camera operators, managed to obtain a registration.

    “Our Tactical Crime Unit picked up enquiries on Monday, identifying a person of interest which resulted in a visit to his Te Atatū Peninsula property on Tuesday.”

    A search warrant was executed at the property, resulting in the arrest of a 28-year-old man.

    Detective Senior Sergeant Williams says numerous items of interest were found at the West Auckland property.

    “He will face the North Shore District Court today on multiple counts of theft ex-car, and we will be opposing the man’s bail.

    “It’s a pleasing result, and our North Shore staff worked together with urgency to take enforcement action and ultimately prevent our community from being victimised further.”

    Police enquiries are continuing, and further arrests and charges cannot be ruled out at this point.

    Detective Senior Sergeant Williams says Police acknowledge vigilant reporting from the Schnapper Rock community, with timely and helpful information to respond.

    Always call 111 if you see offending or suspicious activity occurring in the community.

    You can also report information to Police online or by calling 105.

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI: BitMart Research—Reframing the On-Chain Narrative: What New Story Is Base Telling?

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 01, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive analysis on the resurgence of the Base ecosystem, highlighting its explosive growth, evolving narratives, and rising institutional alignment. As daily active addresses, TVL, and transaction volumes reach new highs, Base is rapidly transitioning from a speculative L2 to a foundational layer for compliant, on-chain financial and content infrastructure. With support from Coinbase’s strategic initiatives and breakout projects like Virtual and Kaito redefining launch dynamics and the attention economy, Base is emerging as a pivotal force in bridging traditional finance and Web3 innovation.

    1. Recent Developments in the Base Ecosystem

    Since the end of May 2025, Base has entered a clear period of ecological “explosion.” Key metrics such as daily active addresses, total value locked (TVL), and daily transaction count have surged significantly. The main driver behind this explosive growth is the emergence of multiple trending narratives within the Base ecosystem, each generating waves of market hype and drawing substantial attention.

    From a macro perspective, the recent IPO of Circle has sparked renewed investor optimism around the concept of stablecoins in global equity markets. This optimism, especially amid expectations of a more favorable regulatory environment, has positioned Base as an increasingly attractive option for traditional institutions.

    • User Growth: The number of active addresses has grown exponentially, recently hitting a record high of 3.6 million.
    • TVL Surge: Base’s total value locked climbed from $2.8 billion in early May to a peak of nearly $4 billion, matching its bull market highs in 2024.
    • On-Chain Activity: Since May, daily on-chain transactions have averaged nearly 9 million, reaching the peak levels of the 2024 bull cycle.

    2. Trending Projects in the Base Ecosystem


    Virtual: Pump.fun + Bn Alpha-Style Launch Mechanism Sparks Market Frenzy

    Among the many trending projects in the Base ecosystem, Virtual has undoubtedly become one of the most closely watched by the market. Leveraging an innovative token launch mechanism, it has rapidly attracted a large influx of capital and users, emerging as the flagship project in Base’s ongoing “launch narrative.” The price of VIRTUAL rose from $0.50 in mid-April to a peak of $2.50 in early June—a 400% gain.

    The key advantages of Virtual’s launch model include:

    • Ultra-low fundraising price: Each new project raises funding based on a fixed valuation of 42,425 VIRTUAL (approximately $224,000), allowing users to participate at extremely low entry prices. This creates substantial profit potential once the token goes live.
    • Linear token vesting: Unlike MEME launches on Pump.fun, tokens in Virtual’s launchpad projects are not fully unlocked at listing. Instead, they follow a transparent vesting model similar to VC-backed tokens, with tokens released in tranches. Moreover, to prevent immediate sell-offs by project teams, all raised funds are injected directly into the initial liquidity pool rather than handed over to the team.
    • Low participation risk: If a launch fails to meet its fundraising target, users receive a full refund. Additionally, Virtual only features a few new launches per day, meaning the overall project quality tends to be higher than most MEME tokens—making user participation relatively low-risk.
    • Reduced rug-pull potential: Virtual imposes a 1% trading fee, 70% of which is returned to the project team. This incentivizes teams to focus on increasing trading volume rather than cashing out quickly, creating a more sustainable ecosystem loop.

    However, as the platform gained popularity, early users frequently adopted a strategy of selling immediately after token launch to capture short-term gains. This behavior led to heavy selling pressure on new projects, undermining overall ecosystem stability. In response, Virtual introduced a “Green Lock” mechanism in mid-June, imposing a mandatory lock-up period on token allocations for launch participants. During this period, users are prohibited from selling their tokens; violating this rule results in a suspension of points accumulation.

    While this mechanism helps curb early dumping and extends project lifespans, it also significantly alters the speculative logic that drove initial enthusiasm. Users now face longer profit cycles and lower capital efficiency, leading to a temporary cooling of market sentiment. Since mid-June, the price of VIRTUAL has entered a downward trend, falling from its peak to $1.69—a decline of over 37%.

    Kaito: The Leading Project in the Attention Economy

    Kaito stands as the leading project in the emerging “Information Finance” (InfoFi) sector. Since May, its token price has surged from $0.79 to a peak of $2.41, marking an increase of nearly 205%.

    At the core of Kaito’s appeal is its Yaps module, which tokenizes user attention by rewarding those who post content on X (formerly Twitter). By incentivizing high-quality content creation around trending projects—such as Berachain, Monad, and Initia—Kaito has built a Web3-native content-driven influence model. This mechanism has significantly boosted community engagement. Coupled with weekly airdrops and leaderboard rewards, users are empowered to both “speak” and “monetize,” attracting a growing number of content creators and thought leaders. This dynamic has played a key role in driving the growth of social and narrative-driven content on the Base network.

    3. Coinbase and the Future Trajectory of Base

    In June 2025, the U.S. Senate passed the GENIUS Stablecoin Act, establishing a formal legal framework for USD-backed stablecoins. This marked the first time that regulatory authorities legally recognized digital assets’ compliance status. Against this backdrop, Coinbase, as a fully compliant U.S.-based exchange, has launched a three-pronged strategic layout around Base:

    1. Enabling Regulated On-Chain Asset Access — Bridging Coinbase Balances to Base

    Coinbase is currently deepening the integration between its centralized trading platform and the Base chain. It has rolled out the Verified Pools feature, allowing KYC-verified users to interact directly with Base dApps using their Coinbase account balances—eliminating the need to switch wallets or perform manual on-chain transfers.

    Uniswap and Aerodrome have already been announced as the primary DEXs supporting this integration. Although the feature remains in its early stages, it aligns with the broader trend of centralized exchanges moving toward on-chain/off-chain convergence.

    2. Building a Compliant Stablecoin Ecosystem with Traditional Finance — Tokenizing Fiat On-Chain

    Following the establishment of an access gateway, Coinbase has partnered with Wall Street giants—including JPMorgan Chase—to pilot the issuance of compliant stablecoins and deposit tokens (e.g., JPMD) on Base. These assets are fully custodied by regulated banks and come with traditional financial benefits such as interest accrual, legal protections, and deposit insurance.

    This initiative goes beyond simply putting USD on-chain—it represents the digitization of traditional financial system infrastructure, positioning Base as a core ledger layer for real-world finance in the Web3 ecosystem.

    3. Building a Diverse On-Chain Ecosystem — Creating Real Use Cases for On-Chain Dollars

    To strengthen actual demand for on-chain USD, Coinbase is simultaneously expanding the Base ecosystem with a wide array of applications:

    • On-Chain U.S. Stock Trading: Coinbase is seeking SEC approval to tokenize U.S. equities, planning to launch products that allow trading of Apple, Tesla, and other stocks directly on-chain—removing geographical barriers from traditional markets.
    • Collaboration with Circle: The launch of Circle Payments Network (CPN) provides USDC with robust clearing infrastructure. As the leading stablecoin on Base, USDC will support DeFi, RWA, and cross-border payment applications—positioning Base as a key hub for compliant blockchain finance.
    • Global Crypto Payments: Coinbase is working with Shopify and Stripe to integrate USDC into e-commerce checkout systems, expanding the real-world use of stablecoins in cross-border settlements.
    • Compliant DeFi and On-Chain Lending: Protocols such as Aerodrome, Uniswap, and Spark are being guided toward KYC-enabled, compliant operations, offering secure and auditable services in trading and lending for both institutions and retail users.
    • AI Agents and InfoFi Applications: New on-chain innovations like AI Agents and attention economy platforms (e.g., Kaito) are being explored to attract traditional users into emerging crypto-native interaction models.

    Through this multi-layered strategy, Coinbase is not only building a regulated on-chain asset highway, but also constructing a value loop for USD stablecoins—from fiat onboarding and token issuance to liquidity, circulation, and real-world application.

    High-Potential Projects in the Base Ecosystem

    • Aerodrome: As the flagship DEX on Base and a key partner in Coinbase’s integration plan, Aerodrome is well-positioned to benefit from stable institutional liquidity flows. This will likely boost trading volume, TVL, and protocol revenues. Holders of AERO tokens stand to gain from enhanced fee-sharing and staking yields, reinforcing user participation in governance.
    • Uniswap: Similarly, Uniswap—another DEX integrated by Coinbase—will gain increased on-chain liquidity and potential platform revenue, thereby enhancing the value proposition of its UNI token.
    • Keeta: A high-performance RWA-focused chain claiming millions of TPS and sub-second confirmation times. Backed by investors including former Google CEO Eric Schmidt, Keeta has already validated its performance through independent stress testing. Despite significant token price corrections, it is expected to collaborate with Base on compliant RWA integration.
    • Creator Bid: In partnership with Kaito, Creator Bid launched version 2.0 with new features such as staking-based launches, increasing user engagement and expanding creator economy models. The platform’s BID token recently reached a historical market cap of $150 million, showing early signs of traction. Similar to Virtual’s early-stage momentum, Creator Bid is poised for continued growth as it iterates.
    • Upside: The first socially driven prediction market on Base. Users can tokenize X/Twitter posts, articles, and videos, and use USDC to vote and trade on them. Currently in its second test season with ~20,000 followers on X, the platform has not yet issued a token, but its unique blend of prediction and content mechanics gives it strong potential to become a liquid and narrative-rich application on Base.

    Conclusion

    Base is undergoing a transformation—from being merely a “high-activity trading L2” into a structurally complete financial and content infrastructure on-chain. From innovation-driven projects like Virtual and Kaito, to Coinbase’s efforts in building a robust USD-denominated ecosystem, the narrative of Base is evolving.

    While short-term hype cycles may cool and speculative behaviors persist, Base’s long-term strength lies in its consistent storytelling and institutional alignment. It is increasingly poised to serve as a bridge between traditional capital and Web3, making it not just a rotating narrative hotspot, but a vital reference point for tracking the crypto industry’s broader shift toward compliance, financialization, and utility.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

  • MIL-OSI: BitMart Research—Reframing the On-Chain Narrative: What New Story Is Base Telling?

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, July 01, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive analysis on the resurgence of the Base ecosystem, highlighting its explosive growth, evolving narratives, and rising institutional alignment. As daily active addresses, TVL, and transaction volumes reach new highs, Base is rapidly transitioning from a speculative L2 to a foundational layer for compliant, on-chain financial and content infrastructure. With support from Coinbase’s strategic initiatives and breakout projects like Virtual and Kaito redefining launch dynamics and the attention economy, Base is emerging as a pivotal force in bridging traditional finance and Web3 innovation.

    1. Recent Developments in the Base Ecosystem

    Since the end of May 2025, Base has entered a clear period of ecological “explosion.” Key metrics such as daily active addresses, total value locked (TVL), and daily transaction count have surged significantly. The main driver behind this explosive growth is the emergence of multiple trending narratives within the Base ecosystem, each generating waves of market hype and drawing substantial attention.

    From a macro perspective, the recent IPO of Circle has sparked renewed investor optimism around the concept of stablecoins in global equity markets. This optimism, especially amid expectations of a more favorable regulatory environment, has positioned Base as an increasingly attractive option for traditional institutions.

    • User Growth: The number of active addresses has grown exponentially, recently hitting a record high of 3.6 million.
    • TVL Surge: Base’s total value locked climbed from $2.8 billion in early May to a peak of nearly $4 billion, matching its bull market highs in 2024.
    • On-Chain Activity: Since May, daily on-chain transactions have averaged nearly 9 million, reaching the peak levels of the 2024 bull cycle.

    2. Trending Projects in the Base Ecosystem


    Virtual: Pump.fun + Bn Alpha-Style Launch Mechanism Sparks Market Frenzy

    Among the many trending projects in the Base ecosystem, Virtual has undoubtedly become one of the most closely watched by the market. Leveraging an innovative token launch mechanism, it has rapidly attracted a large influx of capital and users, emerging as the flagship project in Base’s ongoing “launch narrative.” The price of VIRTUAL rose from $0.50 in mid-April to a peak of $2.50 in early June—a 400% gain.

    The key advantages of Virtual’s launch model include:

    • Ultra-low fundraising price: Each new project raises funding based on a fixed valuation of 42,425 VIRTUAL (approximately $224,000), allowing users to participate at extremely low entry prices. This creates substantial profit potential once the token goes live.
    • Linear token vesting: Unlike MEME launches on Pump.fun, tokens in Virtual’s launchpad projects are not fully unlocked at listing. Instead, they follow a transparent vesting model similar to VC-backed tokens, with tokens released in tranches. Moreover, to prevent immediate sell-offs by project teams, all raised funds are injected directly into the initial liquidity pool rather than handed over to the team.
    • Low participation risk: If a launch fails to meet its fundraising target, users receive a full refund. Additionally, Virtual only features a few new launches per day, meaning the overall project quality tends to be higher than most MEME tokens—making user participation relatively low-risk.
    • Reduced rug-pull potential: Virtual imposes a 1% trading fee, 70% of which is returned to the project team. This incentivizes teams to focus on increasing trading volume rather than cashing out quickly, creating a more sustainable ecosystem loop.

    However, as the platform gained popularity, early users frequently adopted a strategy of selling immediately after token launch to capture short-term gains. This behavior led to heavy selling pressure on new projects, undermining overall ecosystem stability. In response, Virtual introduced a “Green Lock” mechanism in mid-June, imposing a mandatory lock-up period on token allocations for launch participants. During this period, users are prohibited from selling their tokens; violating this rule results in a suspension of points accumulation.

    While this mechanism helps curb early dumping and extends project lifespans, it also significantly alters the speculative logic that drove initial enthusiasm. Users now face longer profit cycles and lower capital efficiency, leading to a temporary cooling of market sentiment. Since mid-June, the price of VIRTUAL has entered a downward trend, falling from its peak to $1.69—a decline of over 37%.

    Kaito: The Leading Project in the Attention Economy

    Kaito stands as the leading project in the emerging “Information Finance” (InfoFi) sector. Since May, its token price has surged from $0.79 to a peak of $2.41, marking an increase of nearly 205%.

    At the core of Kaito’s appeal is its Yaps module, which tokenizes user attention by rewarding those who post content on X (formerly Twitter). By incentivizing high-quality content creation around trending projects—such as Berachain, Monad, and Initia—Kaito has built a Web3-native content-driven influence model. This mechanism has significantly boosted community engagement. Coupled with weekly airdrops and leaderboard rewards, users are empowered to both “speak” and “monetize,” attracting a growing number of content creators and thought leaders. This dynamic has played a key role in driving the growth of social and narrative-driven content on the Base network.

    3. Coinbase and the Future Trajectory of Base

    In June 2025, the U.S. Senate passed the GENIUS Stablecoin Act, establishing a formal legal framework for USD-backed stablecoins. This marked the first time that regulatory authorities legally recognized digital assets’ compliance status. Against this backdrop, Coinbase, as a fully compliant U.S.-based exchange, has launched a three-pronged strategic layout around Base:

    1. Enabling Regulated On-Chain Asset Access — Bridging Coinbase Balances to Base

    Coinbase is currently deepening the integration between its centralized trading platform and the Base chain. It has rolled out the Verified Pools feature, allowing KYC-verified users to interact directly with Base dApps using their Coinbase account balances—eliminating the need to switch wallets or perform manual on-chain transfers.

    Uniswap and Aerodrome have already been announced as the primary DEXs supporting this integration. Although the feature remains in its early stages, it aligns with the broader trend of centralized exchanges moving toward on-chain/off-chain convergence.

    2. Building a Compliant Stablecoin Ecosystem with Traditional Finance — Tokenizing Fiat On-Chain

    Following the establishment of an access gateway, Coinbase has partnered with Wall Street giants—including JPMorgan Chase—to pilot the issuance of compliant stablecoins and deposit tokens (e.g., JPMD) on Base. These assets are fully custodied by regulated banks and come with traditional financial benefits such as interest accrual, legal protections, and deposit insurance.

    This initiative goes beyond simply putting USD on-chain—it represents the digitization of traditional financial system infrastructure, positioning Base as a core ledger layer for real-world finance in the Web3 ecosystem.

    3. Building a Diverse On-Chain Ecosystem — Creating Real Use Cases for On-Chain Dollars

    To strengthen actual demand for on-chain USD, Coinbase is simultaneously expanding the Base ecosystem with a wide array of applications:

    • On-Chain U.S. Stock Trading: Coinbase is seeking SEC approval to tokenize U.S. equities, planning to launch products that allow trading of Apple, Tesla, and other stocks directly on-chain—removing geographical barriers from traditional markets.
    • Collaboration with Circle: The launch of Circle Payments Network (CPN) provides USDC with robust clearing infrastructure. As the leading stablecoin on Base, USDC will support DeFi, RWA, and cross-border payment applications—positioning Base as a key hub for compliant blockchain finance.
    • Global Crypto Payments: Coinbase is working with Shopify and Stripe to integrate USDC into e-commerce checkout systems, expanding the real-world use of stablecoins in cross-border settlements.
    • Compliant DeFi and On-Chain Lending: Protocols such as Aerodrome, Uniswap, and Spark are being guided toward KYC-enabled, compliant operations, offering secure and auditable services in trading and lending for both institutions and retail users.
    • AI Agents and InfoFi Applications: New on-chain innovations like AI Agents and attention economy platforms (e.g., Kaito) are being explored to attract traditional users into emerging crypto-native interaction models.

    Through this multi-layered strategy, Coinbase is not only building a regulated on-chain asset highway, but also constructing a value loop for USD stablecoins—from fiat onboarding and token issuance to liquidity, circulation, and real-world application.

    High-Potential Projects in the Base Ecosystem

    • Aerodrome: As the flagship DEX on Base and a key partner in Coinbase’s integration plan, Aerodrome is well-positioned to benefit from stable institutional liquidity flows. This will likely boost trading volume, TVL, and protocol revenues. Holders of AERO tokens stand to gain from enhanced fee-sharing and staking yields, reinforcing user participation in governance.
    • Uniswap: Similarly, Uniswap—another DEX integrated by Coinbase—will gain increased on-chain liquidity and potential platform revenue, thereby enhancing the value proposition of its UNI token.
    • Keeta: A high-performance RWA-focused chain claiming millions of TPS and sub-second confirmation times. Backed by investors including former Google CEO Eric Schmidt, Keeta has already validated its performance through independent stress testing. Despite significant token price corrections, it is expected to collaborate with Base on compliant RWA integration.
    • Creator Bid: In partnership with Kaito, Creator Bid launched version 2.0 with new features such as staking-based launches, increasing user engagement and expanding creator economy models. The platform’s BID token recently reached a historical market cap of $150 million, showing early signs of traction. Similar to Virtual’s early-stage momentum, Creator Bid is poised for continued growth as it iterates.
    • Upside: The first socially driven prediction market on Base. Users can tokenize X/Twitter posts, articles, and videos, and use USDC to vote and trade on them. Currently in its second test season with ~20,000 followers on X, the platform has not yet issued a token, but its unique blend of prediction and content mechanics gives it strong potential to become a liquid and narrative-rich application on Base.

    Conclusion

    Base is undergoing a transformation—from being merely a “high-activity trading L2” into a structurally complete financial and content infrastructure on-chain. From innovation-driven projects like Virtual and Kaito, to Coinbase’s efforts in building a robust USD-denominated ecosystem, the narrative of Base is evolving.

    While short-term hype cycles may cool and speculative behaviors persist, Base’s long-term strength lies in its consistent storytelling and institutional alignment. It is increasingly poised to serve as a bridge between traditional capital and Web3, making it not just a rotating narrative hotspot, but a vital reference point for tracking the crypto industry’s broader shift toward compliance, financialization, and utility.

    About BitMart

    BitMart is a premier global digital asset trading platform with more than 10 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of June 30, 2025.

    As of June 30, 2025, the Company’s net assets were $2.4 billion, and its net asset value per share was $14.10. As of June 30, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 714% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 521%.

    STATEMENT OF ASSETS AND LIABILITIES
    JUNE 30, 2025   // (UNAUDITED)    
     
        (in millions)
    Investments   $ 3,279.5  
    Cash and cash equivalents     6.0  
    Accrued income     2.8  
    Other assets     0.8  
    Total assets     3,289.1  
         
    Credit facility     45.0  
    Notes     368.2  
    Unamortized notes issuance costs     (2.5 )
    Preferred stock     153.6  
    Unamortized preferred stock issuance costs     (1.1 )
    Total leverage     563.2  
         
    Other liabilities     9.9  
    Current tax liability, net     12.6  
    Deferred tax liability, net     319.1  
    Total liabilities     341.6  
         
    Net assets   $ 2,384.3  
         
     

    The Company had 169,126,038 common shares outstanding as of June 30, 2025.

    Long-term investments were comprised of Midstream Energy Companies (94%), Power Infrastructure (3%) and Other (3%).

    The Company’s ten largest holdings by issuer at June 30, 2025 were:

          Amount
    (in millions)*    		 % Long Term
    Investments
    1. The Williams Companies, Inc. (Midstream Energy Company)     $373.3   11.4 %
    2. Energy Transfer LP (Midstream Energy Company)     331.3   10.1 %
    3. Enterprise Products Partners L.P. (Midstream Energy Company)     315.6   9.6 %
    4. MPLX LP (Midstream Energy Company)     311.7   9.5 %
    5. Cheniere Energy, Inc. (Midstream Energy Company)               274.2   8.4 %
    6. Kinder Morgan, Inc. (Midstream Energy Company)     225.9   6.9 %
    7. ONEOK, Inc. (Midstream Energy Company)                    215.4   6.6 %
    8. Targa Resources Corp. (Midstream Energy Company)     168.1   5.1 %
    9. TC Energy Corporation (Midstream Energy Company)     164.1   5.0 %
    10. Western Midstream Partners, LP (Midstream Energy Company)     109.9   3.3 %
                   
    * Includes ownership of equity and debt investments
                   

    Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly or annual report for a description of these investment categories and the meaning of capitalized terms.

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI United Kingdom: expert reaction to study looking at an ‘inflammatory’ diet during pregnancy and type 1 diabetes risk in children

    Source: United Kingdom – Executive Government & Departments

    A study published in the Journal of Epidemiology & Community Health looks at an ‘inflammatory’ diet during pregnancy and type 1 diabetes risk in children.

    Prof Claire Meek, Professor of Chemical Pathology and Diabetes in Pregnancy, Leicester Diabetes Centre, University of Leicester, said:

    “While we have known for some time that the mother’s health in pregnancy influences the child’s risk of type 1 diabetes, the role of maternal diet upon children’s diabetes risk is less clear.  This interesting new study suggests that mothers who eat a healthy, “anti-inflammatory” diet have a lower risk of type 1 diabetes in their babies – however, it is not clear if these effects are truly due to reduced inflammation, which wasn’t directly measured in the babies.  The study findings could also be explained by pregnant women eating higher levels of vitamins and fibre, or choosing foods more likely to keep blood glucose levels and weight under good control.  It is also important to remember that people from lower-income families may have less access to healthy food and higher risks of chronic disease, so it may not be a fair assessment of diet.

    “However, this study does support broader guidance about the importance of eating a healthy balanced diet in pregnancy, helping keep mums and babies healthy both during pregnancy and in the future.”

    Dr John MacSharry, Funded Investigator at APC Microbiome Ireland and Senior Lecturer in Virology and Immunology, University College Cork, said:

    “The study by Noorzae et al. is a robust prospective analysis linking a pro-inflammatory maternal diet (Empirical Dietary Inflammatory Index (EDII)) during pregnancy to an increased risk of type 1 diabetes (T1D) in offspring.

    “Their use of a large national cohort and validated registry data strengthens the epidemiological association, and the inclusion of breastfeeding duration as a covariate is a notable strength. 

    Interestingly, longer breastfeeding was more common among mothers with lower EDII scores, consistent with breastfeeding’s well-documented role in promoting immune tolerance and healthy microbial colonization.  Apart from providing early passive immunity wave maternal antibodies, breast milk provides bioactive molecules such as human milk oligosaccharides (HMOs), which selectively feed beneficial microbes (e.g. Bifidobacterium spp.) and promote the production of short-chain fatty acids (SCFAs) like butyrate by the gut microbiota —key modulators of regulatory T cell development and mucosal immunity.

    “However, the study lacks direct biological validation of the immune or microbiota-mediated mechanisms it hypothesises.  The Empirical Dietary Inflammatory Index (EDII) was based on correlations with C-reactive protein (CRP), a non-specific acute-phase protein that offers limited insight into adaptive immune function or cytokine signalling pathways central to autoimmunity. 

    No maternal or fetal immune phenotyping, cytokine profiling, or microbiota/metabolome data were included, missing the opportunity to explore key mediators such as SCFAs, bile acids, tryptophan metabolites, and gut microbiota population types.  In addition, maternal or early-life infections—known risk factors for pancreatic islet autoimmunity—were not assessed, despite their relevance in immune priming.

    “Future studies should integrate immunophenotyping, longitudinal microbiome and metabolomics analyses, and infection exposure history to map the interplay between maternal diet, immune maturation, and T1D risk.  Such multi-omic approaches, including the postnatal environment shaped by breastfeeding and early feeding practices, are essential to fully understand the developmental origins of immune-mediated diseases.”

    ‘Association between a pro-inflammatory dietary pattern during pregnancy and type 1 diabetes risk in offspring: prospective cohort study’ by Rohina Noorzae et al. was published in the Journal of Epidemiology & Community Health at 23:30 UK time on Tuesday 1 July 2025.

    DOI: 10.1136/jech-2024-223320

    Declared interests

    Dr John MacSharry: “I can declare I have no financial interests or personal relationships that could have appeared to influence my opinion of this work.”

    For all other experts, no reply to our request for DOIs was received.

    MIL OSI United Kingdom –

  • MIL-OSI: APA Corporation Releases 2025 Sustainability Publications

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — APA Corporation (Nasdaq: APA) today released its sustainability publications highlighting progress in environmental stewardship, social responsibility and corporate governance throughout 2024. This year, APA simplified its reporting into two complementary documents. Our Approach to Sustainability details the ongoing sustainability programs and initiatives. The 2025 Sustainability Progress Report contains progress on 2024 goals, yearly highlights, key performance data and new goals for 2025. To explore the publications, visit https://apacorp.com/sustainability.

    “Our sustainability progress is tangible,” said APA CEO John J. Christmann IV. “APA has taken meaningful steps to reduce greenhouse gas emissions, minimize freshwater usage, and protect sensitive ecosystems. We remain committed to a strong safety culture and responsible operations. We are proud to share our 2024 highlights in the pages of our progress report.”

    Highlights from the 2025 Sustainability Progress Report include:

    • Air – As industry partners, APA focuses on reducing emissions by setting goals, sharing knowledge, and delivering commitments. The company exceeded its goal to eliminate at least 1 million tonnes of annualized carbon dioxide equivalent (CO2e) emissions between 2021 and 2024, completing over 50 global projects that eliminated 1.24 million tonnes of annualized CO2e emissions.
    • Water – APA aims to minimize freshwater use by recycling produced water, sourcing alternatives, and reducing overall water requirements for its operations. Ninety-seven percent of the global water use was produced water and brackish, nonfresh water.
    • People – As an organization, APA is committed to the health and safety of its employees, contractors and people in the communities where it operates. APA achieved or exceeded all corporate safety targets in 2024, including its lowest global Total Recordable Incident Rate (TRIR) in company history at 0.16.
    • Community – In efforts to continue building a sustainable future, APA continues its work across three focus areas of community well-being, energy poverty and conservation. In 2024, APA spent 44% of its operating area’s budgets with local suppliers and contractors.

    About APA

    APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.

    Contacts

    Investor: (281) 302-2286
    Media: (713) 296-7276
    Website: www.apacorp.com

    APA-G

    The MIL Network –

  • MIL-OSI: RBB Bancorp to Report Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 01, 2025 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company”, today announced that it will release financial results for its second quarter ended June 30, 2025 after the markets close on Monday, July 21, 2025.

    Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, July 22, 2025 to discuss the Company’s financial results.

    To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 710803, Conference ID RBBQ225. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52690, approximately one hour after the conclusion of the call and will remain available through August 05, 2025.

    Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s website at www.royalbusinessbankusa.com.  This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call.

    Corporate Overview

    RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of March 31, 2025, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company’s administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company’s website address is www.royalbusinessbankusa.com.

    Contacts
    Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282

    The MIL Network –

  • MIL-OSI Submissions: Where does the UK most need more public EV chargers?

    Source: The Conversation – UK – By Labib Azzouz, Research Associate in Transport and Energy Innovation, University of Oxford

    Electric vehicle chargers at a motorway service station in Grantham, England. Angus Reid/Shutterstock

    The automotive and EV industry has repeatedly insisted that the UK needs more electric vehicle (EV) chargers to help motorists make the switch from conventional fossil-fuel burning cars.

    The Labour government has announced £400 million to install EV chargers, mainly on streets in poorer residential neighbourhoods, in place of the Conservative’s £950 million rapid charging fund that was directed at installing chargers in motorway service stations.

    Does it matter where these chargers are – and who pays to build them?

    The short answer is yes, it does matter. Our research conducted at motorway and local EV charging stations across England – including those located in residential areas, high streets and community centres – indicates that these two types of infrastructure serve distinct groups of users and fulfil different purposes.

    Suggesting that one can substitute for the other risks sending mixed signals to both the industry and the driving public.

    We found that motorway charging stations tend to cater to wealthier men, who are more likely to own premium EVs with long-range batteries and better performance. Many of these drivers have access to home chargers, so their use of public chargers is only for occasional, long-distance travel for business, leisure, or holidays – trips that require chargers along motorways.

    Convenience and charging speed are often more important than the price of public charging, particularly when the travel costs of these drivers are covered by their employers.

    Local public charging stations, on the other hand, serve more diverse groups. These include drivers from lower-income households who are more likely to own older and smaller EVs with shorter ranges. Access to home charging is often limited, especially for people living in flats or urban areas without driveways, garages or off-street parking.

    Not everyone can plug in at home.
    Andersen EV/Shutterstock

    Local chargers are also vital for taxi and delivery drivers who depend on their vehicles for work and make frequent short trips throughout the day. There are many professional drivers without access to workplace charging stations who need alternative local provision – something the Conservative government recognised in its 2022 EV charging strategy.

    Ultimately, the transition to EVs should take a balanced approach that carefully considers social equity, economic viability and environmental impact.

    Different locations serve different drivers

    Motorway charging stations are commercially attractive to private investors, such as energy companies, specialist charging providers and car manufacturers, despite their higher upfront costs and complex requirements.

    This is because service stations offer greater short-term revenue due to their ability to set premium prices. This is a result of there being limited alternatives and high demand for rapid charging, especially among long-distance travellers, and the willingness of EV drivers to pay for speed and convenience – unlike in more price-sensitive neighbourhood settings.

    Unsurprisingly, the government found that the rapid deployment of motorway chargers in recent years has been largely driven by the private sector. Our research highlighted that these revenues could be enhanced by a broader range of retail, dining and relaxation amenities, turning the time waiting for a car to charge into a more productive and pleasurable experience.

    Residential charging stations may not offer high profits per charge, but they typically require lower capital investment and benefit from consistent and predictable use. They are also suited to measures for reducing strain on the grid and balancing energy supply and demand.

    These measures include tariffs that make it cheaper to charge EVs during off-peak hours, or technology that allows cars to feed electricity stored in batteries back into the grid. These features make them appropriate for public funding, where return on investment is measured not just in profit but in value for the public.

    Considering that local EV charging serves those who do not have access to home charging and who drive for a living, the case for public funding is even stronger. These sorts of chargers make switching to an EV easier for different groups.

    For example, safe and carefully placed public chargers could help more women switch to EVs – although our research suggests that, while “careful placement” might refer to residential areas, it doesn’t necessarily mean on streets. Well-lit car parks and community destinations are sometimes considered safer options.

    Charging points outside a community centre in the Outer Hebrides, Scotland.
    AlanMorris/Shutterstock

    By helping EV drivers make frequent short trips, local chargers can also significantly reduce urban air pollution, emissions and noise, contributing to more liveable, healthier cities.

    That said, motorway charging stations and those near key transport corridors still play a crucial role in a comprehensive national network, and public funding may be required in more peripheral and rural areas of the UK where installations lag and commercial interest is limited.

    While long-distance trips are less frequent than short ones, they account for a disproportionately large share of energy use and emissions. Switching such trips to electric will be essential to reaching net zero goals.

    It seems reasonable to prioritise public investment in local EV charging infrastructure to support a fairer EV transition, but this should not be limited to on-street chargers. Investment is needed in residential and non-residential areas, public car parks, community centres and workplaces.

    Different types of EV charging are not interchangeable – all are needed to support the switch.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 45,000+ readers who’ve subscribed so far.

    Labib Azzouz has received funding from the UK Research and Innovation via the UK Energy Research Centre and Innovate UK as part of the Energy Superhub Oxford (ESO) project.

    Hannah Budnitz receives government funding from UK Research and Innovation grants via the Economic and Social Research Council and the Engineering and Physical Sciences Research Council. She has also previously received funding from Innovate UK and the Department for Transport.

    – ref. Where does the UK most need more public EV chargers? – https://theconversation.com/where-does-the-uk-most-need-more-public-ev-chargers-259623

    MIL OSI –

  • MIL-OSI United Nations: Unlock Financing through UN Joint SDG Fund, Urges Deputy Secretary-General at Sevilla Conference

    Source: United Nations 4

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks at the side event, “Catalysing Change:  Unlocking Impactful Financing at Scale through the UN Joint SDG Fund”, during the Financing for Development Conference in Sevilla, Spain:

    I am delighted to join you today to showcase how the UN Joint SDG Fund is turning the Financing for Development 4 vision into a reality on the ground.  Ten years into the implementation of the 2030 Agenda [for Sustainable Development], we face a stark reality:  while progress on the SDGs [Sustainable Development Goals] has delivered for millions, it has not kept pace with the scale of global challenges. The financing gap for the SDGs now exceeds $4 trillion annually, while multiple crises and shifting priorities threaten our collective ambition.

    Delivering on the vision of the 2030 Agenda requires finding and scaling-up innovative solutions.  This is the purpose of the Joint SDG Fund.  The Fund is an innovative and powerful instrument to drive change, break siloed approaches, and unlock financing at scale.

    Since its inception, the Fund has committed over $380 million, enabling a whole-of-UN-system response to pressing challenges.  This commitment has leveraged a further $6.6 billion in contributions from the wider ecosystem of development partners at country level.

    This is a clear demonstration of how finite resources, applied strategically, can crowd-in far greater volumes of capital, and result in far greater impact for the SDGs.

    The secret to the Fund’s success is its innovative approach to financing. Through blended and innovative finance mechanisms — from SDG bonds to energy financing facilities to credit enhancement guarantees — the Fund demonstrates how strategic risk-sharing can attract private capital for sustainable development, while bringing partners together to deliver solutions.

    Consider the following five examples:

    In Indonesia, the Joint SDG Fund supported green and social investments, mobilizing $4.6 billion through specialized bonds that benefited over 7.5 million students and restored 50,000 hectares of mangrove forests.

    In Uruguay, the Renewable Energy Innovation Fund achieved a 1:6 leverage ratio by partnering with seven banks that together account for 80 per cent of the country’s financial sector.

    Kenya’s innovative health financing reached over 1.5 million young people through results-based payment mechanisms working with impact investors.

    North Macedonia’s Green Finance Facility channels resources through six local banks, directing $46.5 million toward environmental projects while supporting women-headed households, Roma communities, and persons with disabilities.  This was achieved in partnership with the European Bank for Reconstruction and Development and others.

    And Zimbabwe’s Renewable Energy Fund showcases how partnerships with private equity funds, such as Old Mutual, can mobilize capital for women and youth-led enterprises in challenging markets.

    These are just a few powerful examples.

    The Fund’s success also stems from its unique positioning within the UN development system, leveraging UN resident coordinators’ convening role and UN country teams’ technical expertise.

    Fundamentally, the Fund represents multilateralism at its most effective — creating a collaborative platform extending beyond the UN system to enable and grow partnerships across the development and finance community.

    But delivering on the Fund’s full potential requires expanded partnership. I call on all Member States, development finance institutions, and private sector partners to deepen engagement with the Fund — not only through financial commitments but through strategic partnerships to keep pushing the boundaries of what is possible.

    Today, we will hear about success stories from Zimbabwe to North Macedonia, from Cabo Verde to Suriname.  These prove that, with the right instruments and partnerships, we can turn global commitments into tangible local transformation.

    The Financing for Development 4 outcome document, the “Sevilla Commitment,” calls for a global SDG investment push.  This is possible by elevating the role of governments in guiding strategic investments; by all development partners, including development banks, working as a system; by removing barriers to private capital; and by ensuring that investments from all partners are designed to deliver the greatest possible impact.

    The Fund stands ready to support and enable this important vision.  With innovation, partnerships, and the catalytic financing that the Joint SDG Fund provides, sustainable development for all remains within our reach.  Let’s get there together.

    MIL OSI United Nations News –

  • MIL-OSI New Zealand: Person dies following Kumeū serious crash

    Source: New Zealand Police

    One person has died following a serious crash in Kumeū on the night of 27 June.

    An investigation has been underway since Friday night, when a car that had earlier failed to stop for Police crashed on Coatesville-Riverhead Highway at about 8.20pm.

    Four teenagers were hospitalised at the time, with the conditions of three stabilising in recent days.

    Waitematā District Commander Superintendent Naila Hassan says one of the teenagers had been in a critical condition in Auckland City Hospital.

    “Sadly, the teenage male succumbed to his injuries on Tuesday night and passed away in hospital,” she says.

    “This is a tragic development for everyone concerned on top of an incident that has had devastating impacts for these young people.

    “The boy’s next of kin has been advising wider family members overnight, and we are ensuring there is support in place for them.”

    Investigations will continue into the events of Friday night.

    “We are continuing to support our staff who responded courageously on Friday night, and were confronted with a very traumatic scene,” Superintendent Hassan says.

    “It’s important we allow a thorough investigation to be carried out and we expect this may take some time to complete.”

    Police have notified the Independent Police Conduct Authority of the incident as part of this process.

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI Security: Three Defendants Sentenced in Wide-Ranging Scheme to Monopolize International Transit Industry, Fix Prices, Extort Competitors, and Launder Money

    Source: United States Attorneys General

    The U.S. Department of Justice today announced that three additional defendants were sentenced in connection with a long-running and violent conspiracy to monopolize the transmigrante forwarding agency industry in the Los Indios, Texas, border region, located near Harlingen and Brownsville, Texas. The defendants controlled the transmigrate industry through fear, monopolization, and extortion of competitors, and laundered proceeds from the conspiracies.

    Pedro Antonio Calvillo Hernandez, age 50 of McAllen, Texas, was sentenced to 37 months’ imprisonment, a three-year term of supervised release, and a $50,000 fine after pleading guilty to conspiracy to illegally fix prices and allocate the market for transmigrante forwarding agency services, conspiracy to monopolize the transmigrante market, and conspiracy to interfere with commerce by extortion.

    Jose de Jesus Tapia Fernandez, age 47 of Brownsville, Texas was sentenced to time served, or 31 months in prison, and a three-year term of supervised release after pleading guilty to a money laundering conspiracy through which extortion proceeds were laundered.

    Mireya Miranda, age 59 of San Antonio, Texas, was sentenced to 10 months of home detention, and a $75,000 fine after pleading guilty to conspiracy to illegally fix prices and allocate the market for transmigrante forwarding agency services; and conspiracy to monopolize the transmigrante market.

    “The danger and the harm to the American people by the use of violence and extortion to fix prices and monopolize the market for an essential service in the Texas border region cannot be understated,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “Today’s sentences demonstrate the Antitrust Division’s commitment to pursuing incarceration for both white-collar and violent criminals who seek to exploit America’s free markets.”

    “Price fixing is an attempt to distort the market in favor of the fixer and to the detriment of basically everyone else. Although such market manipulation is bad enough, it is even worse when brought about through threats and violence,” said U.S. Attorney Nicholas J. Ganjei for the Southern District of Texas. “The Southern District of Texas will work tirelessly to prosecute such criminal syndicates and to ensure markets along the Texas-Mexico border remain free, fair, and open.”

    “The FBI is proud of the hard work and collaboration with partners that led to today’s sentencing,” said Assistant Director Joe Perez of the FBI’s Criminal Investigative Division. “We remain absolutely committed to thwarting criminal enterprises that function without regard for the rule of law and whose practices of market manipulation include the use of violence and intimidation.”

    “These sentencings reaffirm our unwavering commitment to safeguarding economic integrity at our nation’s borders,” said Special Agent in Charge Craig Larrabee of ICE Homeland Security Investigations San Antonio. “By dismantling an enterprise that thrived on extortion and price fixing, we are ensuring that honest businesses can compete on a level playing field. This case exemplifies how corruption in niche industries can have far-reaching effects, and HSI will continue to pursue those who abuse the system for profit.”

    Transmigrantes transport used vehicles and other goods from the United States through Mexico for resale in Central America. There are only a few locations where transmigrantes can legally cross from the United States into Mexico, one of those being the Los Indios Bridge in Texas. Transmigrante forwarding agencies are U.S.-based businesses that provide services to transmigrante clients, including helping those clients complete the customs paperwork required to export vehicles into Mexico.  

    According to court documents and statements made in court, the co-defendants fixed prices for transmigrante forwarding agency services and created a centralized entity known as the “Pool” to collect and divide revenues among the conspirators, limit competition from other agencies, and increase prices for their services. Some co-defendants also conspired to force forwarding agencies to pay money to the Pool and to pay other extortion fees, including a “piso” for every transaction processed in the industry as well as a “fine” for operating in the market outside of Pool rules. The conspirators perpetrated acts of intimidation, coercion, and violence in furtherance of the antitrust and extortion conspiracies.  Co-defendants Carlos Martinez and Tapia also conspired to launder the extortion proceeds. 

    Calvillo, Tapia, and Miranda must also pay restitution to the victims of the conspiracies. The Court will determine the final restitution amount owed to victims of the conspiracies at a hearing set for Sept. 3.   

    Four co-defendants have previously been sentenced in this case. One other co-defendant has pleaded guilty and is awaiting sentencing. Three other defendants, Rigoberto Brown, Miguel Hipolito Caballero Aupart, and Diego Ceballos-Soto were also charged in the superseding indictment and remain fugitives. Anyone with information about their whereabouts is asked to contact the Antitrust Division’s Complaint Center at 888-647-3258, or visit  www.justice.gov/atr/report-violations.

    The Justice Department’s Antitrust Division, the Criminal Division’s Violent Crime and Racketeering Section (VCRS), the U.S. Attorney’s Office for the Southern District of Texas, Department of Homeland Security – Homeland Security Investigations and the Federal Bureau of Investigation investigated the case. 

    Trial Attorneys Anne Veldhuis, Brittany E. McClure, and Michael G. Lepage and Senior Litigation Counsel John Davis of the Antitrust Division; Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section (VCRS); and Assistant U.S. Attorney Alexander L. Alum for the Southern District of Texas prosecuted the case. 

    Anyone with information in connection with this investigation should contact the Antitrust Division’s Complaint Center at 888-647-3258, or visit www.justice.gov/atr/report-violations. 

    MIL Security OSI –

  • MIL-OSI Security: Three Defendants Sentenced in Wide-Ranging Scheme to Monopolize International Transit Industry, Fix Prices, Extort Competitors, and Launder Money

    Source: United States Attorneys General

    The U.S. Department of Justice today announced that three additional defendants were sentenced in connection with a long-running and violent conspiracy to monopolize the transmigrante forwarding agency industry in the Los Indios, Texas, border region, located near Harlingen and Brownsville, Texas. The defendants controlled the transmigrate industry through fear, monopolization, and extortion of competitors, and laundered proceeds from the conspiracies.

    Pedro Antonio Calvillo Hernandez, age 50 of McAllen, Texas, was sentenced to 37 months’ imprisonment, a three-year term of supervised release, and a $50,000 fine after pleading guilty to conspiracy to illegally fix prices and allocate the market for transmigrante forwarding agency services, conspiracy to monopolize the transmigrante market, and conspiracy to interfere with commerce by extortion.

    Jose de Jesus Tapia Fernandez, age 47 of Brownsville, Texas was sentenced to time served, or 31 months in prison, and a three-year term of supervised release after pleading guilty to a money laundering conspiracy through which extortion proceeds were laundered.

    Mireya Miranda, age 59 of San Antonio, Texas, was sentenced to 10 months of home detention, and a $75,000 fine after pleading guilty to conspiracy to illegally fix prices and allocate the market for transmigrante forwarding agency services; and conspiracy to monopolize the transmigrante market.

    “The danger and the harm to the American people by the use of violence and extortion to fix prices and monopolize the market for an essential service in the Texas border region cannot be understated,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “Today’s sentences demonstrate the Antitrust Division’s commitment to pursuing incarceration for both white-collar and violent criminals who seek to exploit America’s free markets.”

    “Price fixing is an attempt to distort the market in favor of the fixer and to the detriment of basically everyone else. Although such market manipulation is bad enough, it is even worse when brought about through threats and violence,” said U.S. Attorney Nicholas J. Ganjei for the Southern District of Texas. “The Southern District of Texas will work tirelessly to prosecute such criminal syndicates and to ensure markets along the Texas-Mexico border remain free, fair, and open.”

    “The FBI is proud of the hard work and collaboration with partners that led to today’s sentencing,” said Assistant Director Joe Perez of the FBI’s Criminal Investigative Division. “We remain absolutely committed to thwarting criminal enterprises that function without regard for the rule of law and whose practices of market manipulation include the use of violence and intimidation.”

    “These sentencings reaffirm our unwavering commitment to safeguarding economic integrity at our nation’s borders,” said Special Agent in Charge Craig Larrabee of ICE Homeland Security Investigations San Antonio. “By dismantling an enterprise that thrived on extortion and price fixing, we are ensuring that honest businesses can compete on a level playing field. This case exemplifies how corruption in niche industries can have far-reaching effects, and HSI will continue to pursue those who abuse the system for profit.”

    Transmigrantes transport used vehicles and other goods from the United States through Mexico for resale in Central America. There are only a few locations where transmigrantes can legally cross from the United States into Mexico, one of those being the Los Indios Bridge in Texas. Transmigrante forwarding agencies are U.S.-based businesses that provide services to transmigrante clients, including helping those clients complete the customs paperwork required to export vehicles into Mexico.  

    According to court documents and statements made in court, the co-defendants fixed prices for transmigrante forwarding agency services and created a centralized entity known as the “Pool” to collect and divide revenues among the conspirators, limit competition from other agencies, and increase prices for their services. Some co-defendants also conspired to force forwarding agencies to pay money to the Pool and to pay other extortion fees, including a “piso” for every transaction processed in the industry as well as a “fine” for operating in the market outside of Pool rules. The conspirators perpetrated acts of intimidation, coercion, and violence in furtherance of the antitrust and extortion conspiracies.  Co-defendants Carlos Martinez and Tapia also conspired to launder the extortion proceeds. 

    Calvillo, Tapia, and Miranda must also pay restitution to the victims of the conspiracies. The Court will determine the final restitution amount owed to victims of the conspiracies at a hearing set for Sept. 3.   

    Four co-defendants have previously been sentenced in this case. One other co-defendant has pleaded guilty and is awaiting sentencing. Three other defendants, Rigoberto Brown, Miguel Hipolito Caballero Aupart, and Diego Ceballos-Soto were also charged in the superseding indictment and remain fugitives. Anyone with information about their whereabouts is asked to contact the Antitrust Division’s Complaint Center at 888-647-3258, or visit  www.justice.gov/atr/report-violations.

    The Justice Department’s Antitrust Division, the Criminal Division’s Violent Crime and Racketeering Section (VCRS), the U.S. Attorney’s Office for the Southern District of Texas, Department of Homeland Security – Homeland Security Investigations and the Federal Bureau of Investigation investigated the case. 

    Trial Attorneys Anne Veldhuis, Brittany E. McClure, and Michael G. Lepage and Senior Litigation Counsel John Davis of the Antitrust Division; Trial Attorney Christina Taylor of the Criminal Division’s Violent Crime and Racketeering Section (VCRS); and Assistant U.S. Attorney Alexander L. Alum for the Southern District of Texas prosecuted the case. 

    Anyone with information in connection with this investigation should contact the Antitrust Division’s Complaint Center at 888-647-3258, or visit www.justice.gov/atr/report-violations. 

    MIL Security OSI –

  • MIL-OSI: Amplify Energy Announces Sale of Non-Operated Eagle Ford Assets

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today it entered into a definitive agreement to sell all of its non-operated working interest in its Eagle Ford assets to Murphy Exploration & Production Company — USA for a contract price of $23 million, subject to certain post-closing adjustments. The sale closed July 1, 2025 and has an effective date of June 15, 2025.

    The net proceeds from the sale will be used to pay down debt which will enhance the Company’s liquidity. With an improved balance sheet, Amplify is considering adding back high-return Beta development wells in 2025 that it had previously deferred in May. The Company expects to provide updated full-year 2025 guidance at the time it provides second quarter operating and financial results.

    Martyn Willsher, Amplify’s President and Chief Executive Officer stated, “The sale of our non-operated Eagle Ford assets is an important step forward in the transformation of Amplify Energy to a more streamlined and focused enterprise. We believe monetizing proved reserves and reinvesting those proceeds in high-return development wells at Beta will be value enhancing to our shareholders.”

    Mr. Willsher continued, “Reducing debt and accelerating Beta development are core tenets of our go-forward strategy. This deal is consistent with both of these objectives, and we believe we are receiving fair value for the divested assets. We will continue to look for other opportunities that align with our strategic intent.”

    About Amplify Energy

    Amplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploitation and production of oil and natural gas properties. Amplify’s operations are focused in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana. For more information, visit www.amplifyenergy.com.

    Forward-Looking Statements

    This press release includes “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. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “outlook,” “continue,” the negative of such terms or other comparable terminology are intended to identify forward-looking statements. These statements address activities, events or developments that we expect or anticipate will or may occur in the future. These statements include, but are not limited to, statements about the anticipated impact of this proposed sale of assets on the Company’s business and future financial and operating results, the expected use of proceeds of this sale of assets, and the Company’s expectations of plans, goals, strategies (including measures to implement strategies), objectives and anticipated results with respect thereto. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. These include risks and uncertainties relating to, among other things: the ability to complete this proposed sale of assets on the anticipated terms and timetable; the possibility that various closing conditions for this proposed sale of assets may not be satisfied or waived; the Company’s evaluation and implementation of strategic alternatives; risks related to the redetermination of the borrowing base under the Company’s revolving credit facility; the Company’s ability to satisfy debt obligations; the Company’s need to make accretive acquisitions or substantial capital expenditures to maintain its declining asset base, including the existence of unanticipated liabilities or problems relating to acquired or divested business or properties; volatility in the prices for oil, natural gas and NGLs; the Company’s ability to access funds on acceptable terms, if at all, because of the terms and conditions governing the Company’s indebtedness, including financial covenants; general political and economic conditions, globally and in the jurisdictions in which we operate, including the Russian invasion of Ukraine, and ongoing conflicts in the Middle East, trade wars and the potential destabilizing effect such conflicts may pose for the global oil and natural gas markets; expectations regarding general economic conditions, including inflation; and the impact of local, state and federal governmental regulations, including those related to climate change and hydraulic fracturing, and potential changes in these regulations. Please read the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/sec-filings/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

    Contacts

    Jim Frew — Senior Vice President and Chief Financial Officer
    (832) 219-9044
    jim.frew@amplifyenergy.com

    Michael Jordan — Director, Finance and Treasurer
    (832) 219-9051
    michael.jordan@amplifyenergy.com

    The MIL Network –

  • MIL-OSI Africa: Minister of State for International Cooperation Meets Norwegian Minister of International Development

    Source: Government of Qatar

    Seville, July 1, 2025

    HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad met Tuesday with HE Minister of International Development of the Kingdom of Norway Asmund Aukrustآ , on the sidelines of the 4th International Conference on Financing for Development being held in Seville, Spain.

    Discussions during the meeting dealt with cooperation relations between the two countries and means to support and enhance them, particularly in the fields of international development and humanitarian aid. 

    They also discussed the latest regional and international developments, in addition to a number of topics of common interest.

    MIL OSI Africa –

  • MIL-OSI Africa: Qatar Affirms Strong Commitment to 2030 Agenda Implementation

    Source: Government of Qatar

    Sevilla, July 01, 2025

    The State of Qatar reaffirmed its strong commitment to supporting the implementation of the 2030 Agenda and to enhancing international cooperation for inclusive and sustainable development.

    This came in the statement delivered by HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad at the 4th International Conference on Financing for Development, held in Seville, Spain.

    Her Excellency noted that since hosting the Doha Conference in 2008, the State of Qatar has maintained an active presence across all UN platforms dedicated to development financing, stemming from its deep belief in the importance of collective action to address global challenges, from the digital divide to climate change and the debt burdens faced by the least developed countries.

    In this context, Her Excellency cited the words of HH the Amir Sheikh Tamim bin Hamad Al-Thani, at the Fifth United Nations Conference on the Least Developed Countries, where he said that joint commitments must be transformed into national plans and effective policies within these countries. Her Excellency that this vision serves as the cornerstone of Qatar’s development policies and international partnerships.

    Her Excellency also highlighted the State of Qatar’s pride in its close partnership with the United Nations system and its continued dedication to supporting education, health, and resilience-building, especially in the most vulnerable countries, through an approach grounded in solidarity and human dignity. 

    MIL OSI Africa –

  • MIL-OSI: Brown & Brown, Inc. announces 2025 second-quarter earnings release and conference call dates

    Source: GlobeNewswire (MIL-OSI)

    DAYTONA BEACH, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2025 second-quarter earnings on Monday, July 28, 2025, after the close of the market. On Tuesday, July 29, 2025, J. Powell Brown, Brown & Brown’s president and chief executive officer, and R. Andrew Watts, Brown & Brown’s executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown’s second-quarter 2025 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown’s website at 8:00 a.m. EDT. Simply log on to www.bbrown.com and click on “Investor Relations” and then “Calendar of Events.”

    If you are unable to listen during the live webcast, audio from the conference call will be archived on Brown & Brown’s website, www.bbrown.com, for 14 days after the live broadcast. To access the website replay, go to “Investor Relations” and click on “Calendar of Events.”

    About Brown & Brown, Inc.

    Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbrown.com.

    This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with the timing of the release of our second-quarter results. These statements are not historical facts but instead represent only the current belief of Brown & Brown, Inc. and its subsidiaries (collectively the “Company”) regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual events may differ from anticipated events contemplated by these forward-looking statements and that we may release our second-quarter results at a later date as a result. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s release of its financial results, is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as of the date of this release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.

    For more information:

    R. Andrew Watts
    Chief Financial Officer
    (386) 239-5770

    The MIL Network –

  • MIL-OSI: Brown & Brown, Inc. announces 2025 second-quarter earnings release and conference call dates

    Source: GlobeNewswire (MIL-OSI)

    DAYTONA BEACH, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE: BRO) announces it will release its 2025 second-quarter earnings on Monday, July 28, 2025, after the close of the market. On Tuesday, July 29, 2025, J. Powell Brown, Brown & Brown’s president and chief executive officer, and R. Andrew Watts, Brown & Brown’s executive vice president and chief financial officer, will host an investor update conference call concerning Brown & Brown’s second-quarter 2025 financial results. You are invited to listen to the call, which will be broadcast live on Brown & Brown’s website at 8:00 a.m. EDT. Simply log on to www.bbrown.com and click on “Investor Relations” and then “Calendar of Events.”

    If you are unable to listen during the live webcast, audio from the conference call will be archived on Brown & Brown’s website, www.bbrown.com, for 14 days after the live broadcast. To access the website replay, go to “Investor Relations” and click on “Calendar of Events.”

    About Brown & Brown, Inc.

    Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm providing customer-centric risk management solutions since 1939. With a global presence spanning 500+ locations and a team of more than 17,000 professionals, we are dedicated to delivering scalable, innovative strategies for our customers at every step of their growth journey. Learn more at bbrown.com.

    This press release may contain certain statements relating to future results, which are forward-looking statements, including those associated with the timing of the release of our second-quarter results. These statements are not historical facts but instead represent only the current belief of Brown & Brown, Inc. and its subsidiaries (collectively the “Company”) regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual events may differ from anticipated events contemplated by these forward-looking statements and that we may release our second-quarter results at a later date as a result. Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s release of its financial results, is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements made herein are made only as of the date of this release, and the Company does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which the Company hereafter becomes aware.

    For more information:

    R. Andrew Watts
    Chief Financial Officer
    (386) 239-5770

    The MIL Network –

  • MIL-OSI: Plains All American’s 2024 Schedule K-3 Now Available

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) (the “Partnership”) announced today that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/plainsallamerican.

    A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.

    To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at (866) 872-2829.

    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 8 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: Plains All American’s 2024 Schedule K-3 Now Available

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 01, 2025 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) (the “Partnership”) announced today that its 2024 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/plainsallamerican.

    A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.

    To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at (866) 872-2829.

    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 8 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: Guggenheim Investments Announces July 2025 Closed-End Fund Distributions

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).

    The following dates apply to the distributions:
    Record Date July 15, 2025
    Ex-Dividend Date July 15, 2025
    Payable Date July 31, 2025
    Distribution Schedule
    NYSE
    Ticker    		 Closed-End Fund Name Distribution
    Per Share    		 Change from Previous
    Distribution    		 Frequency
    AVK Advent Convertible and Income Fund $0.1172†   Monthly
    GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   Monthly
    GOF Guggenheim Strategic Opportunities Fund $0.1821†   Monthly
    GUG Guggenheim Active Allocation Fund $0.11875†   Monthly


    †     A portion of this distribution is estimated to be a return of capital rather than income. Final determination of the character of distributions will be made at year-end. The Section 19(a) notice referenced below provides more information and can be found at www.guggenheiminvestments.com.

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

    Past performance is not indicative of future performance. As of this announcement, the sources of each fund distribution are estimates. Distributions may be paid from sources of income other than ordinary income, such as short-term capital gains, long-term capital gains or return of capital. Unless otherwise noted, the distributions above are not anticipated to include a return of capital. If a distribution consists of something other than ordinary income, a Section 19(a) notice detailing the anticipated source(s) of the distribution will be made available. The Section 19(a) notice will be posted to a Fund’s website and to the Depository Trust & Clearing Corporation so that brokers can distribute such notices to Shareholders of the Fund. Section 19(a) notices are provided for informational purposes only and not for tax reporting purposes. The final determination of the source and tax characteristics of all distributions will be made after the end of the year. This information is not legal or tax advice. Consult a professional regarding your specific legal or tax matters.

    About Guggenheim Investments 
    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, LLC (“Guggenheim”), with more than $246 billion* in assets under management across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 220+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”), Guggenheim Partners Investment Management, LLC (“GPIM”) and Guggenheim Funds Distributors, LLC (“GFD”). GFIA serves as Investment Adviser for GBAB, GOF and GUG. GPIM serves as Investment Sub-Adviser for GBAB, GOF and GUG. GFD serves as servicing agent for AVK. The Investment Adviser for AVK is Advent Capital Management, LLC and is not affiliated with Guggenheim.

    *Assets under management are as of 3.31.2025 and include leverage of $15.2bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Wealth Solutions, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, GS GAMMA Advisors, LLC, and Guggenheim Private Investments, LLC.

    This information does not represent an offer to sell securities of the Funds and it is not soliciting an offer to buy securities of the Funds. There can be no assurance that the Funds will achieve their investment objectives. Investments in the Funds involve operating expenses and fees. The net asset value of the Funds will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in closed-end funds is subject to investment risk, including the possible loss of the entire amount that you invest. Some general risks and considerations associated with investing in a closed-end fund may include: Investment and Market Risk; Lower Grade Securities Risk; Equity Securities Risk; Foreign Securities Risk; Interest Rate Risk; Illiquidity Risk; Derivative Risk; Management Risk; Anti-Takeover Provisions; Market Disruption Risk and Leverage Risk. See www.guggenheiminvestments.com/cef for a detailed discussion of Fund-specific risks.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of any investment before they invest. For this and more information, visit www.guggenheiminvestments.com or contact a securities representative or Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

    Analyst Inquiries 
    William T. Korver
    cefs@guggenheiminvestments.com

    Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
    Member FINRA/SIPC (07/25) 65312

    The MIL Network –

  • MIL-OSI: PFMCrypto Launches World’s First “XRP Liquidity Mining”: AI-Powered Multi-Asset Cloud Mining Unlocks the Next Generation of Passive Income

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, July 01, 2025 (GLOBE NEWSWIRE) — As the crypto market heats up and XRP edges toward the $5 milestone, PFMCrypto is redefining how investors earn mining rewards. The company has officially launched “XRP Liquidity Mining”, the world’s first AI-powered multi-asset cloud mining vault, enabling users to mine multiple cryptocurrencies simultaneously while dynamically reallocating computing power to optimize real-time returns.

    With the official launch of Liquidity Mining, users gain access to a fully automated crypto earnings strategy that mines across XRP, BTC, DOGE, ETH, and other assets—based on market trends, profitability opportunities, and network difficulty. No technical setup or hardware is needed, and even first-time investors can begin earning stable daily rewards with just $10.

    Why “Liquidity Mining” Is a Game-Changer for Passive Crypto Income?

    Unlike traditional mining models that lock users into a single asset or static contracts, Liquidity Mining uses PFMCrypto’s proprietary AI earnings engine—AURA—to adjust dynamically in real time. AURA tracks network-wide variables such as price fluctuations, mining difficulty, block rewards, and energy costs, instantly reallocating hash power to the most profitable assets.

    “Liquidity Mining is like autopilot for your crypto income,” said PFMCrypto’s CEO. “Whether XRP is rallying or Bitcoin’s hash rate is fluctuating, our system reallocates in real time—so your funds are always working where they matter most.”

    Key Features of PFMCrypto’s Liquidity Mining:

    –  Multi-Asset Mining – A single deposit mines XRP, BTC, DOGE, ETH, and more

    –  AI Optimization – Real-time resource balancing for maximum daily returns

    –  Low Entry Barrier – Plans start at just $10, perfect for beginners (plus a $10 welcome bonus for new users)

    –  Predictable Earnings – Daily rewards paid in stablecoins or your chosen crypto

    –  No Hardware Needed – 100% cloud-based mining—no rigs, noise, or heat

    –  Enterprise-Grade Security – Assets protected by multi-layer custody infrastructure

    Investor Demand Surges Ahead of Potential XRP Breakout

    Following Ripple’s recent legal settlement with the U.S. SEC—ending a four-year battle with a $125 million settlement—market optimism around XRP is hitting new highs. Analysts now estimate a 95% chance that an XRP ETF could be approved by early Q4, potentially unleashing significant institutional capital inflows.

    “PFMCrypto’s XRP Liquidity Mining couldn’t be better timed,” noted the company’s Chief Market Strategist. “Investors want diversified upside exposure without direct market risk—and this product delivers exactly that.”

    Sample Liquidity Mining Plans:

    $100 Plan – 2-Day Term – Earn $3.00 per day (plus $2 bonus)

    $1,000 Plan – 9-Day Term – Earn $13.10 per day

    $5,000 Plan – 30-Day Term – Earn $78.50 per day

    $10,000 Plan – 40-Day Term – Earn $180.00 per day

    All plans guarantee full principal return at maturity, and users can instantly withdraw earned profits at any time.

    Trusted by Over 9.2 Million Users in 192 Countries

    Since its founding in 2018, PFMCrypto has built a reputation for transparent, high-performance mining systems. Today, it serves a global user base of over 9.2 million, with its AI-driven passive income solutions trusted by beginners and institutions alike.

    Get Started with Liquidity Mining in 3 Simple Steps

    1. Sign Up – Register and receive a $10 welcome bonus.
    2. Choose a Mining Plan – Select your budget and contract duration.
    3. Start Earning Daily – Let PFMCrypto’s AI do the work while you earn.

    About PFMCrypto

    PFMCrypto is a global leader in cloud-based cryptocurrency mining and AI-optimized DeFi solutions. Founded in 2018, the platform supports mining for XRP, BTC, ETH, DOGE, LTC, and SOL. PFMCrypto provides more than 9.2 million users with low-risk, high-yield opportunities to participate in the future of decentralized finance.

    Discover Liquidity Mining and start your smarter mining journey today: https://pfmcrypto.net 

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

    The MIL Network –

  • MIL-OSI: Lake Shore Bancorp, Inc. Announces Results of Special Meetings of Stockholders and Members

    Source: GlobeNewswire (MIL-OSI)

    DUNKIRK, N.Y., July 01, 2025 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (“Lake Shore Federal Bancorp”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that at special meetings held on July 1, 2025, the stockholders of Lake Shore Federal Bancorp and the members of Lake Shore, MHC (depositors of the Bank) approved the Amended and Restated Plan of Conversion and Reorganization in connection with Lake Shore, MHC’s previously announced plan to convert from the mutual holding company to the fully public stock holding company form of organization and the Bank’s conversion from a federal savings bank to a New York chartered commercial bank.

    The closing of the conversion and the stock offering of Lake Shore Bancorp, Inc. remains subject to receipt of final regulatory approvals and customary closing conditions.

    This press release is neither an offer to sell nor a solicitation of an offer to buy common stock. The offer is made only by the prospectus when accompanied by a stock order form. The shares of common stock to be offered for sale by Lake Shore Bancorp, Inc. are not savings accounts or savings deposits and are not insured by the Federal Deposit Insurance Corporation or by any other government agency.

    About Lake Shore
      
    Lake Shore Federal Bancorp is the mid-tier holding company of Lake Shore Savings Bank, a federally chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Federal Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Federal Bancorp is available at www.lakeshoresavings.com.

    Safe-Harbor

    This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about Lake Shore Federal Bancorp’s, Lake Shore Bancorp, Inc.’s (collectively, the “Company”) and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, that the proposed transaction may not be timely completed, if at all, that required final regulatory approvals are not timely received, if at all, or that other customary closing conditions are not satisfied in a timely manner, if at all, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.

    Source: Lake Shore Bancorp, Inc.
    Category: Financial

    Investor Relations/Media Contact
    Kim C. Liddell
    President, CEO, and Director
    Lake Shore Bancorp, Inc.
    31 East Fourth Street
    Dunkirk, New York 14048
    (716) 366-4070 ext. 1012

    The MIL Network –

  • MIL-OSI USA: July 1st, 2025 Heinrich Votes Against Republicans’ Big, Beautiful Betrayal of New Mexico Families to Give Tax Handouts to Billionaires

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.) stood up for New Mexico families by voting against Senate Republicans’ budget reconciliation that funds Republicans’ tax handouts for billionaires at the expense of working people.
    For over 27 hours, Heinrich pushed to amend Republicans’ reconciliation legislation, repeatedly voting to lower costs for families, block cuts to Medicaid, protect rural hospitals in New Mexico, extend tax credits for health care premiums, and prevent millions of Americans from losing their health insurance.
    “The largest cut to Medicaid in American history. The largest transfer of wealth to the rich in American history. The largest cut to food assistance in American history. The largest increase to the national deficit in American history: That’s what this bill represents. And it has one effect — billionaires win, American families lose. It’s a betrayal of working families masquerading as legislation.
    “If signed into law, this bill will hike electricity bills, leave tens of millions uninsured, cut food assistance for millions more, shutter hundreds of nursing homes, force rural hospitals to close, and send health insurance premiums soaring. The consequences of this bill will be deadly — and Republicans will own every single one.
    “Senate Republicans had a choice: stand with working families or bend to billionaires. They chose greed, cruelty, and a callous disregard for the people they represent. New Mexicans and all Americans will suffer for it. I urge all Americans to raise their voices and call on their elected leaders in the House of Representatives to stop this disaster before it becomes law.”
    Last night, Senate Republicans blocked Heinrich’s efforts to:
    Fight Increasing Costs
    Senate Republicans voted against:
    Lowering health care costs for working families and small businesses and ensuring the wealthy and big corporations pay their fair share in taxes.
    Protecting food assistance for kids, veterans, and seniors, including 223,000 New Mexicans from losing all or part of their Supplemental Nutrition Assistance Program (SNAP) benefits in just the first year this bill is enacted into law.
    Preventing cuts to Medicaid that could lead to increased costs for people with private insurance.
    Increasing the Child Tax Credit by ensuring the wealthy and big corporations pay their fair share in taxes.
    Lower energy prices for families and small businesses by preserving the Inflation Reduction Act’s clean energy tax credits.
    Providing permanent tax relief for overtime wages for working class Americans.
    Protect families and small businesses from cost increases by ending the trade war with Canada.
    Preventing any policy changes that raise the cost of electricity prices.

    Protect Rural Hospitals
    Senate Republicans voted against:
    Preventing rural hospitals from closing, converting, reducing, or stopping services, including emergency care, mental health care, and labor and delivery services.
    As a result, this bill could cause 6 to 8 rural hospitals to close in New Mexico, according to the New Mexico Hospital Association.

    Protect Medicaid
    Senate Republicans voted against:
    Stopping cuts to Medicaid and preventing over 90,000 New Mexicans from losing their coverage within the first year alone.
    Stopping cuts to Medicaid that put 4 four nursing homes in New Mexico at risk of closure.
    Stopping cuts to Medicaid that help fund substance use disorder treatment.
    Protecting millions of Americans from losing their health care as a result of new administrative burdens and paperwork requirements.
    Extending the health care premium tax credits created in the Affordable Care Act to prevent millions of people from losing health insurance.
    Keeping labor and delivery units open by stopping cuts to Medicaid that fund 40% of births nationwide and nearly 50% of births in rural communities.
    Ensuring access to reproductive care — including cancer screenings and birth control – by keeping Planned Parenthood funded.
    Expanding Medicaid to cover dental, vision, and hearing and to cut the price of prescription drugs under Medicare in half.

    Protect Our National Security
    Senate Republicans voted against:
    The financial, health, and well-being of our nation’s veterans by prohibiting any federal agency from carrying out mass firings of veterans.

    Prioritize Working Families Over Billionaires
    Senate Republicans voted against:
    Preventing tax handouts for people making over $10 million a year.
    Preventing tax handouts for people and corporations making over $100 million a year.
    Preventing tax handouts for people making over $500 million a year.
    Preventing tax handouts for people making over $1 billion a year.
    Preventing tax handouts for corporations making over $1 billion a year.
    Preventing more than $37 trillion from being added to the debt in 30 years—more debt than has accumulated over the past 249 years.

    Below is a list of amendments that Heinrich filed to amend Republicans’ budget resolution to cut taxes for billionaires at the expense of working people:
    Amendment to stop a new burdensome requirement that could strip health care from 64,000 New Mexicans on Medicaid.
    Amendment to stop a $268 million cost shift that could force New Mexico to cut SNAP benefits and kick families off their food assistance.
    Amendment to protect food assistance for hundreds of thousands of New Mexicans by stopping harsh, burdensome work requirements that would cut SNAP benefits for families, including 39,790 New Mexicans who could lose their benefits altogether.
    Amendment to expand Medicare to cover dental, vision and hearing and cut prescription drug prices under Medicare by 50%.
    Amendment to ensure no increase in cost for middle class families or individuals using Medicaid, CHIP, or private insurance marketplaces established by the ACA.
    Amendment to lower student loan payments by blocking a plan to force borrowers into a more expensive repayment option.
    Amendment to protect students from losing their Pell Grants to cover the cost of rising tuition costs.
    Amendment to protect a tax credit that helps families keep energy costs low by incentivizing clean energy upgrades like installing home heat pumps.
    Amendment to protect a tax credit that helps families save on energy bills and make their homes more comfortable and energy efficient.
    Amendment to protect a tax credit that incentivizes developers and home builders to build energy-efficient homes.
    Amendment to remove a provision in the bill that bars workers providing Medicaid home- and community-based services from obtaining job-based health insurance, retirement benefits, skills training, and the option to have a voice on the job through a union.
    Amendment to save the Inflation Reduction Act’s EPA Clean Heavy-Duty Vehicles grant program that makes our air cleaner, improves public health, spurs important energy and fuel savings for public school districts, and creates high-quality jobs.
    Amendment to protect funding for air pollution reductions, greenhouse gas corporate reporting, methane emissions and waste reduction, environmental and climate justice block grants.
    Amendment to protect the $7,500 clean vehicle tax credit to help Americans with the upfront cost of electric vehicles.
    Amendment to provide $200 million in economic assistance for facilities and businesses harmed by the New World screwworm outbreak.
    Amendment to provide $500 million to combat the spread of and eradicate the New World screwworm through surveillance, training, biosecurity, research, and the construction of sterile fly production and dispersal facilities.
    Amendment to protect mixed-status families by removing unjust new vetting rules that discourage adults from sponsoring unaccompanied children in need of care.
    Amendment to eliminate $2 billion in wasteful spending for the Department of Homeland Security (DHS), which would fund unjust, extreme immigration enforcement measures that target vulnerable migrants and expand deportation efforts.
    Amendment to block nearly $30 billion from funding U.S. Immigration and Customs’ (ICE) extreme and unconstitutional immigration enforcement agenda.
    Amendment to stop steep new immigration fees that would block immigrants from applying for legal status and push more strain onto New Mexico border communities and law enforcement.
    Amendment to stop $46 billion in wasteful spending on President Trump’s border wall, which bypasses environmental regulations and threatens important wildlife habitats for dozens of endangered species, including Mexican gray wolves in New Mexico and Arizona.
    Amendment to shift funding away from unproductive, invasive background checks on immigrant families and instead invest in child welfare professionals at DHS to ensure unaccompanied kids receive safe, supportive care.
    Amendment to ban the President, Vice President, Senate-appointed Executive Branch Officials, Members of Congress, Special Government Employees, and their spouses and children from directly or indirectly issuing or profiting from cryptocurrencies.
    Below is a total list of amendments that Heinrich filed in his capacity as Ranking Member of the Senate Energy and Natural Resources Committee to amend Republicans’ budget resolution to cut taxes for billionaires at the expense of working people:
    Amendment to ensure meaningful Tribal consultation occurs on federal oil and gas leasing projects.
    Amendment that decouples Bureau of Land Management’s (BLM) oil and gas leasing from renewable energy approvals.
    Amendment to protect clean energy manufacturing jobs.
    Amendment striking metallurgical coal from 45X Advanced Manufacturing Tax Credit, which has no phase out.
    Amendment prohibiting companies from receiving a royalty rate reduction authorized under OBBB if the price of oil rises above the price at the time of enactment, protecting taxpayers from high oil prices and pain at the pump.
    Amendment to strike provisions that would increase electricity prices on American households and force a debate on how OBBB raises costs.
    Amendment to strike the new Loan Program Office (LPO) title named “Energy Dominance Financing, which will give $1 billion to fund only coal, oil and gas projects, instead of opening financing to cleaner, cheaper energy options.
    Amendment reserving $100 million for Tribal Energy Projects from the $1 billion provided for “Energy Dominance Financing” program.
    Amendment to strike $1 billion from “Energy Dominance Financing,” which primarily finance coal, oil, and gas projects.
    Amendment grandfathering LPO pipeline projects in “Energy Dominance Financing,” ensuring that projects currently in LPO’s pipeline are still considered under the new program.
    Amendment eliminating Inflation Reduction Act recissions.
    Amendment to strike provision that expands oil and gas leasing in the National Preserve in Alaska, to protect Alaskan lands from additional leases.
    In February, Heinrich attempted to amend Republicans’ resolution by offering an amendment to reinstate blocked grants for survivors of sexual assault and domestic violence and ensure law enforcement can hold predators and abusers accountable. Republicans voted against his amendment. Watch Heinrich’s video here.

    MIL OSI USA News –