NewzIntel.com

Category: Finance

  • MIL-OSI Security: NATO explores ways to better protect commercial partners in space

    Source: NATO

    On Wednesday (2 October), NATO, Allied space experts and space industry representatives gathered at NATO Headquarters in Brussels to address how to increase the protection of commercial partners against hybrid threats.

    Over the past decade, the commercial space sector has grown substantially, driven by rapid advances in technology and higher demand from both civilian and military users.  However, new opportunities in space come with new risks, vulnerabilities and threats.  

    During the Commercial Space Forum at NATO, participants discussed the threats they face,  from cyber-attacks against ground systems, to jamming or spoofing of GPS and other satellite communications signals. They also addressed the importance of further investment in areas such as cybersecurity and sharing information about threats.  

    NATO Assistant Secretary General for Defence Investment, Ms Tarja Jaakkola, highlighted the need for a new relationship between the military and the commercial sector, “where both sides can learn from another, and where we can support and harness the entrepreneurial spirit and technological innovation essential to keep our defences strong and effective.”

    The Forum will help frame NATO’s first Commercial Space Strategy next year, which will include direction for the protection of industry partners. 

    MIL Security OSI –

  • MIL-OSI: Beneficient Consummates Transaction to Increase Permanent Equity by $126 Million

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 04, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company announces that its subsidiary Beneficient Company Holdings, L.P. consummated a previously announced transaction pursuant to which approximately $126 million of its preferred equity was redesignated as non-redeemable. As a result of the transaction, which was approved by the Company’s founders holding the majority of the preferred equity, Beneficient expects approximately $126 million of temporary equity to be reclassified to permanent equity on its balance sheet as of September 30, 2024.

    About Beneficient

    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.        

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

    For more information, visit http://www.trustben.com or follow us on LinkedIn.

    Investors

    investors@beneficient.com

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Disclaimer and Cautionary Note Regarding Forward-Looking Statements

    Certain of the statements contained in this press release are 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. These forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission (the “SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

    The MIL Network –

  • MIL-OSI: Beneficient Appoints Patrick J. Donegan to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 04, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company, today announced the appointment of Patrick J. Donegan as an independent member of the Company’s Board of Directors as of September 30, 2024. In addition to being an independent director, he was appointed to serve on the Audit, Products and Related Party Transactions, Credit and Enterprise Risk committees of the Board.

    Mr. Donegan brings almost thirty years of compliance, legal, banking and capital markets experience to Ben, having held various senior compliance positions, including as Chief Compliance Officer, for bank holding companies and broker dealers and as Assistant General Counsel for a securities company. Over the course of his career, Mr. Donegan has attained eleven FINRA licenses and two certifications from the American Bankers Association, including the Certified Regulatory Compliance Mangers designation, and currently holds a Certified Anti-Money Laundering Specialist certification.

    “Our Board worked to identify a new, independent director who would bring unique skills and senior experience to support Ben’s commitment to operate using industry best practices,” said Beneficient’s CEO and Chairman Brad Heppner. “I am pleased to welcome Patrick to Ben’s Board. Patrick’s extensive legal and regulatory compliance experience – specifically within the FinTech industry – will provide valuable leadership and governance insights to the Board.”

    Mr. Donegan received a Bachelor of Science in Accounting from St. John’s University and a J.D. from St. John’s University School of Law. Mr. Donegan currently serves as a Senior Adviser at Premier Consulting Partners, Inc., a consulting firm focused on operational risk evaluation and compliance, and previously served as the Global Chief Compliance Officer of OKX Group from August 2023 to January 2024. From 2015 to 2023, Mr. Donegan held various leadership positions at Signature Bank, including Chief Compliance Officer, Senior Vice President and Sanctions Compliance Officer. Mr. Donegan’s professional career has also included positions with a number of prominent investment banks, including Cantor Fitzgerald, RBC, Guggenheim, BNP Paribas and Nat West, and compliance roles at Mitsubishi UFJ and Hudson City Bancorp. Through his legal experience and compliance officer roles, Mr. Donegan has developed expertise in identifying risks and establishing policies and procedure to effectively manage those risks. Mr. Donegan’s understanding of banking and capital markets rules and the related regulatory processes will benefit the Company’s efforts to maintain industry best practices across the organization.

    About Beneficient

    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

    For more information, visit http://www.trustben.com or follow us on LinkedIn.

    Investors

    investors@beneficient.com

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Disclaimer and Cautionary Note Regarding Forward-Looking Statements

    Certain of the statements contained in this press release are 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. These forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission (the “SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

    The MIL Network –

  • MIL-OSI: Global mRNA Cancer Vaccine Clinical Trial FDA Approval Market Size Future Opportunity Companies Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Oct. 04, 2024 (GLOBE NEWSWIRE) — Global mRNA Cancer Vaccines Clinical Trials and Market Future Outlook 2024 Report Highlights:

    • mRNA Cancer Vaccines In Clinical Trials: > 60 Vaccines
    • Highest Phase Of Clinical Trials: Phase III ( 2 Vaccine)
    • mRNA Cancer Vaccine Clinical Trials Insight By Company, Country, Indication and Phase
    • First Commercial mRNA Vaccine Approval Expected By 2029
    • US and China Dominating mRNA Cancer Vaccines Clinical Trials: > 45 Vaccines
    • mRNA Vaccines For Skin Cancer Dominating Trials: > 10 Vaccines

    Download Report:

    https://www.kuickresearch.com/report-mrna-cancer-vaccine-rnca-vaccine-mrna-cancer-vaccine-market-fda-approved-mrna-cancer-vaccine-mrna-cancer-vaccine-clinical-trials-mrna-cancer-vaccines

    In the ever evolving landscape of pharmaceuticals, mRNA vaccines have emerged as a captivating and progressive area of research and development, and the dynamic nature of this market segment at present offers numerous opportunities, most of which remains to be explored. Researchers believe mRNA cancer vaccines hold great promise in revolutionizing cancer treatment. As a result, the market is witnessing a surge in research and development efforts dedicated to harnessing the potential of mRNA technology to target various types of cancers.

    In recent years, mRNA technology has garnered significant attention for its potential to target cancer cells with precision and trigger potent immune response. This has led to a surge in both academic and industry efforts to harness the power of mRNA for cancer immunotherapy. Consequently, positive strides have been made in clinical trials, showing the safety and efficacy of mRNA-based vaccines in certain cancer indications, mainly those that have had their respective biomarkers identified.

    The convergence of technological advancements and groundbreaking research has created a fertile environment for mRNA vaccine development for cancer indications. Conventional treatment modalities often come with limitations and side effects, which has opened the door for mRNA vaccines, which hold the promise of targeted and personalized therapies. The ability to tailor vaccines to an individual’s genetic makeup and specific cancer type has immense potential to revolutionize cancer treatment outcomes, which give mRNA cancer vaccines a commercial edge over available immunotherapy approaches.

    However, in this growing dynamic realm of mRNA cancer vaccines, the availability of comprehensive data remains a challenge that companies and academia are diligently addressing. While some companies, like Moderna, have encountered mixed results and reviews for their cancer vaccines, this is a testament to the complex nature of cancer therapeutics research.

    the current market opportunities for mRNA vaccine development in cancer treatment are a testament to the synergy between scientific research and innovation. Continuous insights illuminate the path forward, highlighting the conjunction of technological breakthroughs, favorable regulatory pathways, and a relentless pursuit of improved patient outcomes. As we navigate through the intricate landscape, the contributions from pharmaceutical companies, academia, regulatory agencies, and patients are poised to shape the trajectory of this burgeoning market, ushering in an era of tailored, effective and transformative cancer therapies.

    Table of Contents

    1. mRNA Vaccines as Next Generation Cancer Immunotherapy

    2. Global mRNA Cancer Vaccine Clinical Trials Insight By Company, Country, Indication & Phase

    3. Global Cancer mRNA Vaccines Clinical Pipeline Overview

    4. Global mRNA Cancer Vaccines Market Overview

    5. Global mRNA Cancer Vaccines Market Trends by Country

    6. Global mRNA Cancer Vaccines Clinical Landscape by Indication

    7. Global mRNA Cancer Vaccines Market Collaborations, Deals & Investments

    8. Proprietary Technologies & Methodologies for mRNA Cancer Vaccine Development

    9. Competitive Landscape

    The MIL Network –

  • MIL-OSI: Hut 8 Operations Update for September 2024

    Source: GlobeNewswire (MIL-OSI)

    19.5 EH/s and 762 MW under management in mining with path to 33.5 EH/s

    Announced partnership with BITMAIN to host next-generation ASIC miner with purchase option to reach 20 EH/s of self-mining

    GPU-as-a-service subsidiary generating revenue with first cluster fully online

    Outstanding balance of Anchorage Digital loan equitized at price of $16.395 per share

    MIAMI, Oct. 04, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today released its operations update for September 2024.

    “We made significant strides in scaling our compute layer across Bitcoin mining and AI this month,” said Asher Genoot, CEO of Hut 8. “In partnership with Bitmain, we launched a next-generation, DLC-cooled ASIC miner. We are targeting a 15 EH/s hosting deployment at our Vega site in the Texas Panhandle by H1 2025, which is expected to generate ~$135 million in annualized hosting revenue on a fully ramped basis. The agreement’s purchase option creates a clear path to 20 EH/s of self-mining capacity by allowing us to fully acquire the hosted machines for our fleet. This deal demonstrates our commitment to pushing the mining industry forward while positioning for expansion into AI data centers.”

    “Our GPU-as-a-service vertical is now fully operational and generating revenue. As we advance discussions with potential partners to expand our digital infrastructure layer across Bitcoin mining and AI compute, we remain committed to maintaining balance sheet strength and creative structuring. To that end, we have also enhanced our financial position by fully converting our ~$38 million Anchorage Digital loan into equity at $16.395 per share of common stock, which represents a 51% premium to the Company’s 20-day VWAP through the day prior to the signing of the equitization agreement.”

    Highlights:

    • Announced partnership with BITMAIN to host U3S21EXPH ASIC miner in H1 2025 with path to 20 EH/s of self-mining capacity; partnership is expected to generate ~$135 million in annualized hosting revenue on a fully ramped basis
    • Brought 1,000 NVIDIA H100 GPUs online and began generating revenue for new GPU-as-a-service subsidiary Highrise AI, Inc.
    • Announced equitization of ~$38 million Anchorage Digital loan at a price of $16.395 per share
    • Continued construction of Ionic Digital’s Cedarvale site and remain on track to complete site buildout by December

    Operating Metrics

    Average during the period unless otherwise noted September 2024 August 2024
    Total energy capacity under management1,2,3 762 MW 762 MW
    Total deployed miners under management4 189.9K 179.5K
    Total hashrate under management5 19.5 EH/s 18.5 EH/s
         
    Self-Mining6    
    Deployed miners7 58.6K 58.5K
    Deployed hashrate8 5.6 EH/s 5.6 EH/s
    Bitcoin produced1,9 85 BTC 87 BTC
    Bitcoin on balance sheet1 9,106 BTC 9,105 BTC
         
    Managed Services2,10    
    Energy capacity under management1 582 MW 582 MW
    Deployed miners under management 140.8K 130.5K
    Hashrate under management 14.9 EH/s 13.9 EH/s
         
    Hosting    
    Deployed miners under management11,12 76.7K 76.7K
    Hashrate under management13 8.6 EH/s 8.5 EH/s
         

    Energy Infrastructure Platform1

            Current/Contracted Revenue Stream(s)14
    Site Location Owner Power
    Capacity    		 Self-
    Mining    		 Managed
    Services    		 Hosting HPC Power
    Sales
    Vega15 Texas Panhandle Hut 8 205 MW     Yes16    
    Medicine Hat Medicine Hat, AB Hut 8 67 MW Yes        
    Salt Creek Orla, TX Hut 8 63 MW Yes        
    Alpha Niagara Falls, NY Hut 8 50 MW Yes   Yes    
    Drumheller17 Drumheller, AB Hut 8 42 MW          
    Kelowna Kelowna, BC Hut 8 1.1 MW       Yes  
    Mississauga Mississauga, ON Hut 8 0.9 MW       Yes  
    Vaughan Vaughan, ON Hut 8 0.6 MW       Yes  
    Vancouver II Vancouver, BC Hut 8 0.5 MW       Yes  
    Vancouver I Vancouver, BC Hut 8 0.3 MW       Yes  
    King Mountain18 McCamey, TX Hut 8 (JV) 280 MW Yes Yes Yes   Yes
    Iroquois Falls19 Iroquois Falls, ON Hut 8 (JV) 120 MW         Yes
    Kingston19 Kingston, ON Hut 8 (JV) 110 MW         Yes
    North Bay19 North Bay, ON Hut 8 (JV) 40 MW         Yes
    Kapuskasing19 Kapuskasing, ON Hut 8 (JV) 40 MW         Yes
    Cedarvale3 Barstow, TX Managed 215 MW   Yes      
    East Stiles Midland, TX Managed 30 MW   Yes      
    Rebel Midland, TX Managed 25 MW   Yes      
    Stiles Midland, TX Managed 20 MW   Yes      
    Garden City Midland, TX Managed 12 MW   Yes      
    Total     1,322 MW          
                     

    Upcoming Conferences & Events:

    • October 7–9, 2024: Yotta 2024
    • October 15, 2024: USC Marshall Energy Business Summit 2024
    • November 13–14, 2024: Cantor Fitzgerald Crypto, Digital Assets & AI Infrastructure Conference 2024
    • November 19, 2024: Craig-Hallum 15th Annual Alpha Select Conference
    • November 19, 2024: Benzinga Future of Digital Assets Conference 2024
    Notes:
    (1) As of the end of the period
    (2) Includes all Self-Mining, Managed Services, and Hosting infrastructure, including 100% of the energy capacity at the King Mountain site, which is owned by the King Mountain JV in which the Company has a 50% membership interest and a Fortune 200 renewable energy producer has the remaining 50% membership interest (the “King Mountain JV”).
    (3) Includes 215 megawatts assuming full capacity at Cedarvale, which was first energized in April and is currently under construction.
    (4) Includes all miners that are racked with power and networking, rounded to the nearest 100, in Self-Mining, Managed Services, and Hosting infrastructure with power and networking, including all miners at the King Mountain site.
    (5) Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the King Mountain site.
    (6) Self-Mining operations for Hut 8 include 100% of operations at the King Mountain site.
    (7) Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100; deployed self-mining miners net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 49.6K during September and 49.5K during August.
    (8) Indicates the target hashrate of all deployed miners; deployed self-mining hashrate net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 4.7 EH/s during September and August, respectively.
    (9) Bitcoin produced net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 72 BTC during September and 74 BTC during August.
    (10) The Managed Services figures reflected in this table include the Self-Mining and Hosting metrics from the sites where Hut 8’s Managed Services business is an additional service layer in the operation of the site (at King Mountain, Rebel, Stiles, East Stiles, and Garden City). As a result, the sum of the Self-Mining, Managed Services, and Hosting numbers will not add up to the “Total energy capacity under management”, “Total deployed miners under management”, and “Total hashrate under management” figures that are also reflected in the table.
    (11) Miners are rounded to the nearest 100.
    (12) 42.6K deployed miners under management net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner during September and August, respectively.
    (13) 4.7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during September and August, respectively.
    (14) Reflects revenue sources to Hut 8, its subsidiaries, and/or joint ventures in which they participate.
    (15) Site is currently under development.
    (16) Anticipated to begin generating revenue in H1 2025
    (17) Site currently shut down; Hut 8 maintaining lease with option value of re-energizing site.
    (18) Owned by a JV between Hut 8 and a Fortune 200 renewable energy producer in which Hut 8 has an approximately 50% membership interest.
    (19) Owned by a JV between Hut 8 and Macquarie in which Hut 8 has an approximately 80% membership interest.
       

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: eleven Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, and four power generation assets in Ontario. For more information, visit http://www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to our path to increase our EH/s under management to 33.5 EH/s, our path to increase self-mining EH/s to 20 EH/s through the purchase option with Bitmain, the timing and potential revenues for the hosting deployment at our Vega site, our plans to expand into AI data centers, our discussions with potential partners to expand our digital infrastructure layer across Bitcoin mining and AI compute, our commitment to balance sheet strength and creative structuring, and the timing to complete the Cedarvale site buildout for Ionic Digital.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at http://www.sec.gov, and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network –

  • MIL-OSI Translation: 04/10/2024 New rules for reporting violations of the law in the Ministry of Finance

    MIL ASI Translation. Region: Polish/Europe –

    Fuente: Gobierno de Polonia en poleco.

    New rules for reporting violations of law in the Ministry of Finance04/10/2024

    On July 18, 2024, the Minister of Finance signed an ordinance on the procedure for reporting internal violations of the law and taking follow-up actions in the Ministry of Finance. The new regulation extends the subject matter of reports and introduces the possibility of anonymous reporting of irregularities. The aim of the solution is to implement the obligation resulting from the Act of 14 June 2024 on the protection of whistleblowers. The new internal reporting procedure introduces effective protection mechanisms for persons who, as part of their professional duties, encounter violations of the law and decide to disclose them. The regulation specifies in particular: persons within the organizational structure of the Ministry of Finance, authorized by the Minister of Finance to receive internal reports, methods of submitting internal reports by a whistleblower, persons within the organizational structure of the Ministry, authorized to take follow-up actions, including: verification of the internal report and further communication with the whistleblower, including requesting additional information and es decir, feedback to the whistleblower, the obligation to confirm the receipt of the internal report to the whistleblower, the obligation to take follow-up actions, with due diligence, the maximum deadline for providing feedback to the whistleblower, the method of handling accepted internal reports, principles of protection against retaliatory actions, principles of personal data protection in matters concerning internal reports, the organizational unit keeping the register of internal reports, reporting and monitoring internal reports. The provisions of the discussed legal act additionally cover issues related to the policy of counteracting irregularities, managing the risk of conflict of interest, accepting and giving gifts, as well as the ingoa policy. In addition, all persons with knowledge of potential irregularities can report them anonymously, which ensures full confidentiality and protection against possible consequences of reporting. The regulations came into force on 25 September this year.

    MaterialOrder of the Minister of Finance of 18 de julio de 2024 on the procedure for reporting internal violations of the law and taking follow-up actions at the Ministry of FinanceZapowiedz​_Ministra​_Finansów​_z​_dnia​_18​_września​_2024​_r.pdf 0.31MB

    MILES AXIS

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

  • MIL-OSI Russia: Putin and Sobyanin opened an innovative practical platform in Rudnev

    MILES AXLE Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    On the Day of Secondary Vocational Education, Russian President Vladimir Putin, Moscow Mayor Sergei Sobyanin and Russian Minister of Education Sergei Kravtsov opened the Rudnevo practical training site for Moscow colleges.

    “We have started building a large area related to education. This is secondary vocational education. This building where we are is an intercollegiate center for training specialists on high-tech equipment. Next, a laboratory complex is being built. Next, a building for the Stankin University is being built, where there will be a student training center, their laboratories and production areas. Next, a building for the production of Rostec machine tools will be built. So this is a large machine-building complex that will be a center of competence for our country,” the Moscow Mayor said.

    The Rudnevo site is the first innovative educational space for practical training of qualified personnel taking into account the needs of the Moscow economy, which is the largest production and scientific-engineering center of Russia. More than 4.5 thousand enterprises operate here and over 750 thousand people work.

    Educational platform “Rudnevo”

    The college training platform was created taking into account the new concept of secondary vocational education (SVE) development. The capital’s industrial enterprises took part in the development of the project. Advanced training programs, workshops equipped with the most modern equipment, close cooperation with future employers ensure high quality training of sought-after specialists.

    The educational platform is located in the industrial park “Rudnevo”, which is part of the special economic zone “Technopolis Moscow”. College students will study on the same territory with industrial partners – future employers.

    “The site’s capacity allows for training more than three thousand people per year. Practical classes are conducted by the most competent and experienced master teachers and employees of partner employers. Students from 15 Moscow colleges will be the first to undergo practical training here. A Center for Professional Competencies has also been created on the site. Its tasks include updating educational programs and forecasting the emergence of new competencies,” he wrote in his

    telegram channel Sergei Sobyanin.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    The building with a total area of 9.1 thousand square meters houses a high-tech complex, which includes 21 workshops and laboratories. It is as close as possible to the conditions of real production. Here, students will be able to practice professional skills in production conditions in such areas and specialties as:

    — mechanical engineering (assembly mechanic, turner, milling machine operator, operator of CNC machines, general machine operator, welder (manual and partially mechanized welding – surfacing), adjuster of machines and equipment in mechanical processing, specialist in the quality control department);

    — electronics (installer of electronic equipment and devices, assembler of electronic equipment and devices, adjuster of electronic equipment and devices, SMD line operator);

    — automation of production (specialist in servicing mechatronic and robotic systems, fitter of control and measuring instruments and automation, specialist in additive technologies);

    — aviation industry, including unmanned aircraft systems (UAS) (aircraft electrical equipment fitter, aircraft equipment assembler, aircraft composite parts assembler, unmanned aircraft system operator up to 30 kilograms).

    Thanks to cooperation with residents of the Rudnevo Industrial Park, all conditions for training have been created on the site. Workshops and laboratories are equipped with equipment that is installed in production facilities, and the training programs take into account the needs of future employers.

    The training and production complex of the site includes three blocks.

    The industrial block consists of a section where CNC machines are installed, laboratories for metrology, standardization and certification, precision digital measurements, mechanical engineering design, as well as testing grounds for turning, milling machines, and metalworking and welding work.

    The UAS production site includes areas for programming, installation of aviation and electronic equipment, final assembly of UAS, modeling and manufacturing of molds, composite materials, unit and modular assembly, as well as laboratories for aerodynamics, aeromechanics and UAS data analysis.

    The multi-profile unit consists of metalworking and electrical installation workshops, laboratories for technical systems control, materials science and composite materials, pneumatic and hydraulic systems.

    The uniqueness of the workshops is that they allow for a full-fledged production process to be organized. At the UAS site, students will be able to manufacture drone bodies, solder electronic boards, program, assemble, pilot, and decipher flight data, and in the mechanical engineering zone, they will be able to do metalwork and evaluate the quality of finished products.

    Large industrial enterprises take part in the practical training of students. Among them are the Moscow machine-building plants Avangard and Skorost, the production complex Salut, the National Helicopter Manufacturing Center named after M.L. Mil and N.I. Kamov, the Moscow Design and Production Complex Universal named after A.I. Privalov, the companies Gaskar Group, Kronstadt, Aeromax, Nyukon Energy, CARS, Vemina Aviaprestige, Monolith, Aeropribor-Voskhod.

    Preparing students at the educational site “Rudnevo”

    The capacity of the Rudnevo educational site allows it to train more than three thousand students per year.

    In the 2024/2025 academic year, practical training will be provided to students from 15 secondary specialized educational institutions. These include Polytechnic College No. 8 named after I.F. Pavlov, Polytechnic College named after N.N. Godovikov, Moscow State Educational Complex, College of Communications No. 54 named after P.M. Vostrukhin, College of Automation and Information Technology No. 20, Educational Complex “Yugo-Zapad”, Moscow Industrial College, College of Architecture, Design and Reengineering No. 26, College of Hospitality Industry and Management No. 23, Police College, Moscow College of Business Technologies, College of Modern Technologies named after M.F. Panov, College of Entrepreneurship No. 11, First Moscow Educational Complex and Technological College No. 24.

    Depending on the specialty, students will be able to complete a single professional module in one of the courses or work on site for the entire period of study. In addition, they will have the opportunity to find employment at a partner enterprise. In this case, you can complete your studies according to an individual schedule.

    Practical classes will be conducted by competent and experienced master teachers, as well as representatives of partner employers. In total, 42 masters of industrial training from Moscow colleges and 40 current employees of industrial enterprises of the capital will be able to teach at the site.

    A center of professional competencies has been created on the basis of the site. Here they will be engaged in updating educational programs taking into account the prospective development of science and production technologies, forecasting the emergence of new competencies based on the transformation of production and including them in training programs, as well as methodological support for industrial training masters and improving their pedagogical and professional skills. Cooperation with the country’s leading engineering universities, such as the Moscow State Technological University (MSTU) “Stankin” and the Moscow State Technical University named after N.E. Bauman, will help solve these problems.

    In addition, an entrance control of students’ readiness to master programs at the Rudnevo educational platform is provided. For this purpose, the center of professional competencies will interact with partner colleges, providing them with methodological and consulting support.

    Each student has an individual work place on the site. The logistics of the classrooms are well thought out: for example, there are areas for project and group work. Modern public spaces will make extracurricular time comfortable.

    In the coworking space, students can work on projects, discuss ideas, and analyze situations they have considered in class. The assembly hall is designed for conferences and business events.

    The college has a 147-seat canteen where students on a budget are provided with free hot meals. On the third floor there is a cafe whose products are produced and sold by students of Moscow food colleges.

    In addition to the practical training platform for colleges, the Moscow Government, together with MSTU Stankin, is implementing a project within the framework of which the first competence center for the machine tool industry in the country is being created in Rudnev.

    The 19.5 thousand square meter building will house a tool and equipment testing center, an expert analysis center, a design bureau, pilot production, a reverse engineering center, and a numerical control center.

    The center will be able to train and practice about a thousand students per year. The site also organizes pilot and small-scale production of specialized products.

    On the industrial policy of the city of Moscow

    Modern Moscow is the largest industrial and scientific-engineering center of Russia. There are more than 4.5 thousand industrial enterprises in the capital, employing more than 750 thousand people.

    Every year, 150 new technology companies open in Moscow and dozens of investment projects are implemented, providing the city with additional jobs. By 2030, the number of industrial production facilities will increase to 5.5 thousand, and their employees – to 850 thousand. The total area of industrial infrastructure will grow from 14 million square meters to 21 million.

    The manufacturing industry is the driving force behind Moscow’s economic development.

    “I will say about industry that in general it is actively developing. Over the past five years, I reported, the manufacturing industry has doubled,” said Sergei Sobyanin.

    By the end of 2024, private and public investment will amount to 310 billion rubles. According to forecasts, by 2030 they will grow by 620 billion rubles – to 930 billion rubles.

    One of the effective measures to support the city is the localization of industrial enterprises in the special economic zone “Technopolis Moscow”. This is the center for the development of the capital’s advanced high-tech industry, which includes six sites with a total area of more than 280 hectares. More than 1.5 million square meters of industrial and public-business areas have been built here. The plan is to increase this figure to 3.8 million square meters by 2030.

    Today, there are more than 220 enterprises operating in Technopolis Moscow, 112 of which have resident status and receive tax preferences. Residents are exempt from paying property, land and transport taxes for 10 years, and the income tax rate for them is only two percent instead of 20.

    During the operation of the special economic zone, companies invested about 330 billion rubles in the development of their high-tech production facilities and created 22 thousand jobs. The volume of investments from the Moscow budget amounted to almost 135 billion rubles.

    Innovative developments of enterprises can be applied in various fields – from microelectronics to medicine and space. Among them are optical multiplexers, portable ultrasound machines, mobile ventilator complexes, multifunctional amphibious robots designed for reconnaissance and liquidation of consequences of accidents at various flooded objects, nuclear power plants and mines.

    Another tool for developing Moscow industry is clustering. By 2030, more than 13 inter-industry clusters will operate in Moscow – this is over seven million square meters of production space and 100 thousand jobs.

    Thus, one of the largest pharmaceutical clusters in the country, which includes 13 companies, is successfully operating at the Alabushevo site of the Technopolis Moscow special economic zone. A photonics and microelectronics cluster has also opened there, with 61 companies participating. Total investments in this site amounted to 137.9 billion rubles, of which 7.9 billion rubles were invested by the Moscow Government. Total investments will grow to 353 billion rubles by 2030.

    Two years ago, the Moscow cluster of electric vehicle manufacturing began its work. It included 64 companies, most of which receive benefits from the city. In particular, they are exempt from paying property, land and transport taxes.

    One of the important projects is the construction of the first gigafactory in Russia for the production of batteries. The city has signed an offset contract for the supply of batteries for public electric transport. The total purchase amount will be 172 billion rubles over six years. The enterprise will produce 50 thousand batteries per year, which will cover about 40 percent of the needs of the Russian market. The opening of the production will create 900 new jobs. The total investment in the project is 52 billion rubles, of which 25 billion rubles were allocated by the Moscow Government, and 27 billion are private funds.

    On behalf of the President of the Russian Federation Vladimir Putin, a new industrial park was opened in Rudnevo in 2023. Federal Center for Unmanned Aircraft Systems. Today it unites 11 leading developers and manufacturers of unmanned aircraft systems. The enterprises have created more than 2.8 thousand jobs. Investments in the industrial park “Rudnevo” amounted to 97 billion rubles, of which 20 billion rubles are private funds, and 77 billion rubles were invested by the Government of Moscow. By 2030, a total of 490 billion rubles will be invested.

    Work is currently underway to form food and construction clusters in TiNAO.

    The food cluster will build over 800 thousand square meters of industrial space and create 11.4 thousand jobs. Private investments will reach almost 90 billion rubles.

    The opening of the construction cluster will create 30 thousand jobs. More than 1.6 million square meters of industrial real estate will be built within its boundaries. Private investments will amount to almost 145 billion rubles.

    In the capital it is being created shipyard for the production of electric ships. Its capacity will occupy 23 thousand square meters. Commissioning is scheduled for the first quarter of 2025. The enterprise will provide more than 500 new high-tech jobs. Investments from the Moscow Government amount to more than 4.6 billion rubles.

    In addition, two new large industrial clusters will appear in TiNAO – automobile manufacturing and eco-industrial. In total, almost 23 thousand highly qualified jobs will be created there.

    Sobyanin named innovative clusters that will be created in New Moscow

    A cluster of innovative technologies in the field of construction is being created on the basis of OOO “Innovative Technology Plant – Monarch”. Last year, the first stage was put into operation – this is an experimental plant with an area of 26.6 thousand square meters. The volume of investments amounted to 3.4 billion rubles. Today, 500 people work here.

    A glass cluster is also being built in TiNAO. 120 hectares will be allocated for it for facilities with a total area of 840 thousand square meters. 9.6 thousand jobs will appear here. Investments will exceed 105 billion rubles. The implementation of the project will allow to cover the need for special glass, including medical glass.

    The elevator construction industry is quite promising for investment. The departure of foreign companies from the domestic market opens up new opportunities for capital enterprises to occupy vacant niches. Thus, on the basis of the Karacharovsky Mechanical Plant, a cluster of elevator construction and vertical transport of Moscow is being formed, which will accelerate the development and localization of vertical transport production in Russia.

    The National Space Center is being built on the territory of the Khrunichev State Research and Production Space Center. This is a large-scale project implemented jointly with Roscosmos. According to preliminary estimates, about 27 thousand jobs will be created on the site.

    Moscow has historically had a strong scientific base. Today, in the R sphere

    There are 735 higher education institutions (excluding branches) in Russia. At the same time, every fifth university is located in Moscow, which confirms the presence of significant human resources potential in the capital and the high level of training of students for work in high-tech enterprises.

    Today in Moscow, specialists in engineering and technical fields are trained at the Bauman Moscow State Technical University, the Stankin Moscow State Technological University, the Moscow Institute of Physics and Technology, the Lomonosov Moscow State University, the National Research Nuclear University MEPhI, the MISiS University of Science and Technology and other leading universities.

    In order to increase the number of qualified personnel annually graduating for the industrial sector, the Moscow Government is modernizing the system of secondary vocational education and implementing accelerated training of engineering personnel.

    Industrial Park “Rudnevo”

    “Rudnevo” is an industrial park within the SEZ “Technopolis Moscow”, built in the east of the city in record time to accommodate critically important production. This is an example of a modern high-tech industrial park, where it is convenient to work, study, create production and educational clusters.

    Construction work in Rudnev began at the end of 2020. During the construction of production buildings, domestic materials were used (for a number of items, import substitution was 100%) and modern technologies, which made it possible to reduce construction time by 35-50 percent, and the cost of work by 10-15 percent.

    Currently, 21 production buildings with a total area of 377 thousand square meters have been erected, including a pilot production facility and a design bureau. Additional production buildings are in the active stage of construction, as well as a social infrastructure building, which will house laboratories, office space, a training center and other social facilities for company employees.

    In the future, 21 thousand highly qualified jobs will be created at the enterprises in Rudnev, primarily for residents of the rapidly developing Moscow districts of Kosino-Ukhtomsky, Vykhino-Zhulebino and Nekrasovka, as well as the urban district of Lyubertsy in the Moscow region.

    Thanks to the SEZ regime, companies – residents of Rudnev receive significant tax benefits. In particular, they are exempt from property, transport and land taxes. The income tax rate for them is only two percent. Residents have a free customs zone regime and land lease benefits.

    In addition to the Federal Center for Unmanned Aircraft Systems, the Rudnevo Industrial Park also houses a production building for the Almaz-Antey Air Defense Concern and an industrial complex for PJSC Yakovlev, which currently produces wing kits for the MS-21 medium-range aircraft.

    In addition, enterprises producing ATMs, electrical capacitors, absorbent linen, equipment for industrial waste sorting, and others have set up their production facilities in Rudnev.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11847050/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

  • MIL-OSI USA: Texas Hospital CEO to Pay Over $5.3M to Settle Kickback Allegations Involving Laboratory Testing

    Source: US State of Vermont

    Former hospital chief executive officer (CEO) Jeffrey Madison, of Georgetown, Texas, has agreed to pay $5,343,630 to resolve allegations under the False Claims Act involving illegal payments to physicians for laboratory referrals in violation of the Anti-Kickback Statute. Madison also has agreed to cooperate with the Justice Department’s investigations of, and litigation against, other participants in the alleged schemes.

    “The Justice Department will continue to pursue individuals — including C-suite executives — who commit health care fraud,” said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department’s Civil Division. “Kickbacks to physicians from laboratories or other healthcare providers can undermine healthcare decision-making, subject patients to unnecessary medical services and waste taxpayer funds.”

    The Anti-Kickback Statute prohibits offering, paying, soliciting or receiving remuneration to induce referrals of items or services covered by Medicare, Medicaid and other federally funded health care programs. The Anti-Kickback Statute is intended to ensure that medical providers’ judgments are not compromised by improper financial incentives and are instead based on the best interests of their patients.

    The settlement announced today resolves allegations in a lawsuit alleging that Madison, the former CEO of Little River Healthcare (Little River), a critical access hospital in Rockdale, Texas, caused the submission of false claims for laboratory testing to Medicare, Medicaid and TRICARE from January 2015 to June 2018. Madison allegedly agreed to a kickback scheme in which Little River paid commissions to recruiters who used purported management service organizations (MSOs) to pay kickbacks to doctors to induce their laboratory testing referrals to Little River. The settlement resolves allegations that Madison knowingly signed, and caused others to sign, false certifications in Medicare cost reports regarding Little River’s compliance with the Anti-Kickback Statute, and thereby caused the submission of false claims to federal health care programs.

    In addition, the settlement resolves allegations in the same lawsuit that, after defendant Doyce Cartrett Jr., M.D., of Silsbee, Texas, informed Little River of his potential laboratory testing referral volume, Madison agreed to have Little River pay Cartrett $2,000 per month in kickbacks disguised as purported medical director fees from February 2015 to May 2017, to induce Cartrett to shift his laboratory testing referrals to Little River. Madison allegedly agreed for Little River to pay the monthly fees, even though Little River did not receive any genuine medical director services from Dr. Cartrett.

    Madison did not contest, and accepted responsibility for, the allegations against him in the United States’ amended complaint. Under the terms of the settlement agreement, Madison was excluded from participating in federal healthcare programs for 25 years. The lawsuit is captioned United States, et al. ex rel. STF LLC v. True Health Diagnostics LLC et al., No. 4:16-cv-547 (EDTX).

    “Seeing past a corporate entity and holding individuals responsible for making the decisions to engage marketers to pay providers for their laboratory referrals is what justice requires,” said U.S. Attorney Damien M. Diggs for the Eastern District of Texas. “This settlement is a testament to our continued efforts to combat fraud against our federal healthcare programs and to hold accountable all participants who profited from knowingly violating the laws meant to guard against overutilization of medical services and protect the public fisc.”

    “Illegal kickback payments, even when disguised as medical director fees, undermine and corrupt the medical decision-making process,” said Special Agent in Charge Jason E. Meadows of the Department of Health and Human Services Office of Inspector General (HHS-OIG). “Both the payer and recipient benefit from these schemes, but it is ultimately the taxpayers who foot the bill. HHS-OIG will continue collaborating with law enforcement and prosecutors to protect the Medicare trust fund that millions of Americans depend on.”

    “Our nation’s uniformed military service members and their families should never have to question the integrity of their healthcare providers,” said Acting Special Agent in Charge Ryan Settle of the Department of Defense Office of Inspector General, Defense Criminal Investigative Service (DCIS), Southwest Field Office. “Medical decisions influenced by greed destroy the fundamental element of trust in patient care. This settlement reinforces the commitment the DCIS shares with our law enforcement partners and the Justice Department to pursue all available remedies against those who conspire to commit fraud against our Military Health System.”

    The settlement was the result of a coordinated effort between the Civil Division’s Commercial Litigation Branch, Fraud Section, and the U.S. Attorney’s Office for the Eastern District of Texas, with assistance from HHS-OIG and DCIS. The United States has recovered over $52 million relating to conduct involving MSO kickbacks to health care providers, which includes recoveries from 46 physicians.

    Trial Attorneys Christopher Terranova and Gavin Thole of the Civil Division’s Commercial Litigation Branch, Fraud Section, and Assistant U.S. Attorneys James Gillingham and Betty Young for the Eastern District of Texas handled the case.

    The government’s pursuit of this matter illustrates the government’s emphasis on combating health care fraud. One of the most powerful tools in this effort is the False Claims Act. Tips and complaints from all sources about potential fraud, waste, abuse and mismanagement can be reported to HHS at 1-800-HHS-TIPS (800-447-8477).

    Settlement

    MIL OSI USA News –

  • MIL-OSI USA: Sixty-Eight Defendants Charged in Indictment of Dozens of Members and Associates of California White Supremacist Gang

    Source: US State of Vermont

    Federal and local law enforcement today arrested 42 members and associates of the SFV Peckerwoods, a San Fernando Valley, California-based white supremacist street gang, on a 76-count federal grand jury indictment alleging they engaged in a years-long pattern of racketeering activity that included trafficking of drugs — including fentanyl — illegal firearms possession, and COVID-19 benefits and loan fraud.

    “The Justice Department has dealt a decisive blow to the San Fernando Valley (SFV) Peckerwoods, a violent white supremacist gang that we charge is responsible for trafficking deadly fentanyl and other drugs, committing robberies, and perpetrating financial fraud to fund both their criminal enterprise and that of the Aryan Brotherhood,” said Attorney General Merrick B. Garland. “With today’s charges and arrests, the Justice Department, together with our state, local, and federal partners has targeted the heart of this gang’s operations, and we will continue to zero in on the criminal enterprises that endanger our communities.”

    The indictment unsealed today charges a total of 68 defendants with a score of federal crimes: conspiracy to violate the Racketeer Influenced and Corrupt Organizations (RICO) Act, conspiracy to distribute controlled substances, distribution of controlled substances, bank fraud, conspiracy to commit bank fraud, aggravated identity theft, possession of a firearm in furtherance of a drug trafficking crime, unlawful possession of a firearm and ammunition by a felon, and possession of 15 or more unauthorized access devices.

    The defendants arrested today are expected to be arraigned this afternoon in U.S. District Court in downtown Los Angeles.

    During the investigation, law enforcement seized large quantities of illegal firearms, and dozens of pounds of fentanyl, methamphetamine, and heroin, according to the indictment.

    “The Peckerwoods’ violent white-supremacist ideology and wide-ranging criminal activity pose a grave menace to our community,” said U.S. Attorney Martin Estrada for the Central District of California. “By allegedly engaging in everything from drug-trafficking to firearms offenses to identity theft to COVID fraud, and through their alliance with a neo-Nazi prison gang, the Peckerwoods are a destructive force. In prosecuting the members of the Peckerwoods criminal organization, our office is carrying out its mission to protect the public from the most dangerous threats.”

    “This operation, led by our Joint Terrorism Task Force, disrupted a racially motivated violent extremist group who engaged in a wide range of criminal activity,” said Assistant Director in Charge Akil Davis of the FBI Los Angeles Field Office. “This case strikes at the heart of our collective mission to rid our communities of the corrosive elements that fuel violence and extremism that greatly impact our way of life. The FBI, along with our federal, state, and local partners, remains strongly committed to working every day to make sure the people of the Southland remain safe.”

    “The San Fernando Valley Peckerwoods, the Aryan Brotherhood, and their associates are fused by one thing: hatred,” said Special Agent in Charge Matthew Allen of the Drug Enforcement Administration (DEA) Los Angeles Field Division. “It appears, however, that the business of hate was not enough for them. Driven by greed, they engaged in other crimes, including drug distribution, pushing out deadly fentanyl onto our streets. Operating from corners of the San Fernando Valley, they conducted their crimes within and beyond the 8-1-8 community. Today’s large-scale indictments and arrests reflect our relentless commitment to dismantling criminal organizations that continue to harm our communities.”

    According to the indictment that a grand jury returned on Sept. 26, the Peckerwoods is a street gang based in communities in the San Fernando Valley whose members engage in a wide variety of criminal activity, including drug trafficking, violent crime, and fraud. As a white supremacist gang, the Peckerwoods at times takes orders from the Aryan Brotherhood, California’s dominant prison-based white supremacist gang, and maintains an alliance with the Mexican Mafia prison gang, which controls most Latino street gangs in California. The Peckerwoods use Nazi tattoos, graffiti, and iconography to indicate their violent white supremacy extremist ideology. These tattoos and iconography include swastikas, the symbol “88”, used by violent white supremacy extremists as code for “Heil Hitler”, and images of Nazi aircraft.

    Members and associates of the gang used social media to share information with each other about their criminal activities and gang rules, to identify gang members in good standing, and to target people who broke the gang’s rules. The social media use included a members-only Facebook group and private, direct messages between the gang’s members and associates.

    From at least December 2016 to September, Peckerwoods members conducted and participated in the affairs of their criminal enterprise by engaging in violence and threats of violence to preserve and expand the gang’s criminal operations, which promoted a climate of fear. Members and associates of the gang illegally maintained firearms and ammunition in furtherance of these aims.

    To generate revenue for the gang, its members trafficked narcotics, including fentanyl, heroin, and methamphetamine. Specifically, lead defendant Claire Patricia Haviland, 62, of Chatsworth, California, and co-defendants Brian Glenn Ekelund, 53, of Chatsworth, and Brianne Brewer, 38, of North Hollywood, California, maintained and oversaw drug stash houses where large quantities of fentanyl, heroin, methamphetamine, and other drugs were stored prior to distribution. Haviland and Ekelund allegedly mailed illegal drugs to customers and used applications such as Zelle and CashApp to receive money from drug buyers and send money to their drug sources.

    They also generated revenue via robberies and financial fraud and participated in identity theft schemes. For example, from at least March 2021 to July 2023, defendants Sean Craig Gluckman, 35, of Encino, California; Maria Anna James, 30, of Canyon Country, California; and others submitted false and fraudulent applications for the Paycheck Protection Program (PPP), which was designed to aid businesses harmed by the economic fallout from the COVID-19 pandemic. The defendants – posing as sole proprietors – signed fraudulent PPP loan applications on behalf of individuals incarcerated in California state prisons and collected a portion of the fraudulently obtained proceeds from co-conspirators as payment for their assistance.

    In April 2021, Gluckman submitted an application that falsely stated he was a self-employed “artist/writer” with a gross income of nearly $250,000. Later that month, he obtained a PPP loan in the amount of $20,833. In a separate scheme, Gluckman submitted fraudulent unemployment insurance (UI) applications in the names of other people to the California Employment Development Department (EDD) to fraudulently obtain jobless benefits.

    “The proliferation of gang related organized crime deteriorates the core of our society,” said Chief Dominic Choi of the Los Angeles Police Department. “Taking guns out of the hands of gang members and drugs from our streets is just one more step towards reducing this deterioration. Today is yet another example of how local, regional, and federal law enforcement, with a matched dedication, are working together to investigate, apprehend and prosecute criminals.”          

    “When criminal organizations cross jurisdictional lines, it makes conducting investigations and subsequent prosecutions much more difficult,” said Sheriff Jim Fryhoff of the Ventura County, California, Sheriff’s Office. “Having our federal law enforcement partners involvement in such cases greatly enhances our ability to protect not only the citizens of our county, but also those of our region of the state.”

    If convicted, the defendants face a maximum penalty of life in prison.

    The FBI, DEA, Los Angeles Police Department, and Ventura County Sheriff’s Office are investigating the case. The Simi Valley Police Department; California Highway Patrol; Glendale Police Department; Burbank Police Department; Redondo Beach Police Department; Beverly Hills Police Department; Los Angeles County Sheriff’s Department; U.S. Marshals Service; Bureau of Alcohol, Tobacco, Firearms and Explosives; Department of Veterans Affairs Police; Department of Labor; Federal Bureau of Prisons; Los Angeles County Probation Department; Los Angeles County Department of Children and Family Services; Pasadena Fire Department; U.S. Customs and Border Protection; and IRS Criminal Investigation provided assistance in the investigation.

    Assistant U.S. Attorneys Reema M. El-Amamy, Jeremiah M. Levine, and Alexander Su for the Central District of California are prosecuting this case.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Justice Department in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the department’s response to the pandemic, please visit http://www.justice.gov/coronavirus.

    On Sept. 15, 2022, the Attorney General selected the U.S. Attorneys’ Offices for the Central and Eastern Districts of California to jointly head one of three national COVID-19 Fraud Strike Force Teams. The Justice Department established the Strike Force to enhance existing efforts to combat and prevent COVID-19 related financial fraud. The Strike Force combines law enforcement and prosecutorial resources and focuses on large-scale, multistate pandemic relief fraud perpetrated by criminal organizations and transnational actors, as well as those who committed multiple instances of pandemic relief fraud. The Strike Force uses prosecutor-led and data analyst-driven teams to identify and bring to justice those who stole pandemic relief funds. Additional information regarding the Strike Force may be found at http://www.justice.gov/opa/pr/justice-department-announces-covid-19-fraud-strike-force-teams.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’s National Center for Disaster Fraud (NCDF) Hotline at (866) 720-5721 or via the NCDF Web Complaint Form at http://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI USA: UConn’s Dr. Andrew Arnold Awarded Highest Honor of The American Society for Bone and Mineral Research

    Source: US State of Connecticut

    The William F. Neuman Award, the oldest and most prestigious honor conferred by the ASBMR, recognizes Dr. Andrew Arnold for his outstanding and major scientific contributions in the area of bone and mineral research and for contributions to associates and trainees in teaching, research, and administration.

    Dr. Andrew Arnold accepting the highest honor of ASBMR from its President Laura Calvi, MD.

    Arnold accepted the Society’s highest honor during its late September ASBMR 2024 Annual Meeting in Toronto.

    Arnold is a pioneer in studying endocrine tumors and hyperparathyroidism. Arnold’s achievements include discovery of cyclin D1, the first known parathyroid oncogene and fundamental cell cycle regulator.

    The award is named for William F. Neuman, Ph.D., a world-renowned scientist in the field of mineral metabolism. Neuman’s seminal work on bone-seeking isotopes as part of the Manhattan Project was followed by major works in the chemistry of mineral and matrix, the function of bone cells, the metabolism of parathyroid hormone, and the concept of bone membrane.

    Arnold shared, “I would like to express my deepest gratitude to the ASBMR. Receiving the William F. Neuman Award is uniquely meaningful, coming from my academic home society and the organization most familiar with the contributions of our group.”

    Arnold currently serves UConn’s medical school as the Murray-Heilig Chair in Molecular Medicine, professor of Medicine and Genetics & Genome Sciences, and chief of the Division of Endocrinology & Metabolism. He is also director of the Center for Molecular Oncology, chief academic officer for the Carole and Ray Neag Comprehensive Cancer Center, and also directs the Office of Physician-Scientist Career Development.

    He attended Brown University and Harvard Medical School, trained in internal medicine at University of Chicago followed by fellowships in molecular oncology at NIH and endocrinology at Massachusetts General Hospital. On the faculty of Harvard Medical School and MGH he led the Laboratory of Endocrine Oncology, then moved to UConn School of Medicine.

    In addition to the William F. Neuman Award, Arnold’s honors include the ASBMR’s Fuller Albright Award and Louis Avioli Founders Award, the Gerald Aurbach Award of the Endocrine Society, the International Medal of the Society for Endocrinology, and the Outstanding Investigator Award of the American Federation for Medical Research.

    “Space prevents me from individually acknowledging most of the wonderful friends, colleagues, collaborators who have profoundly impacted the achievements recognized here, been tremendously supportive, and have made working in our field so enjoyable,” said Arnold. “Certainly among them are Henry Kronenberg, Sundeep Khosla, John Eisman, John Bilezikian, John Potts, Fred Kaplan, Raj Thakker; plus, in memory, Stan Korsmeyer, Larry Raisz and Arthur Broadus. Hank Kronenberg’s role is outsized – my appreciation for his mentorship, scientific insights, and decades-long friendship knows no bounds – I cannot thank him enough. Past and present members of my laboratory group and collaborating investigators, especially Jessica Costa, absolutely share in this recognition, and special thanks and love to my family.”

    MIL OSI USA News –

  • MIL-OSI USA: DHS’ 2025 Homeland Threat Assessment Indicates the Threat of Domestic and Foreign Terrorism in the Homeland Remains High

    Source: US Federal Emergency Management Agency

    Headline: DHS’ 2025 Homeland Threat Assessment Indicates the Threat of Domestic and Foreign Terrorism in the Homeland Remains High

    “The Homeland Security Assessment provides an important overview of the dynamic and evolving threat landscape, illustrating just how varied and challenging the threats we confront are,” said Secretary of Homeland Security Alejandro N. Mayorkas. “It is because of the remarkable DHS workforce, and our close collaboration with our federal, state, local, tribal, territorial, and private sector partners, that we are able to meet the challenges and keep the American people safe and secure.” 

    Assessments from the 2025 HTA: 

    • Public Safety and Security: The terrorism threat environment in the Homeland is expected to remain high over the coming year. This is due to a confluence of factors, including potential violent extremist responses to domestic sociopolitical developments — particularly the 2024 election cycle — and international events like the ongoing Israel-Hamas conflict. Lone offenders and small groups continue to pose the greatest threat. Meanwhile, foreign terrorist organizations, including ISIS and al Qa’ida maintain their enduring intent to conduct or inspire attacks in the Homeland. 
    • Illegal Drugs: Illegal drugs smuggled into and sold in the United States by transnational and domestic criminal actors continue to pose a lethal threat to communities in the United States. DHS has surged resources to address this threat, seized more fentanyl in the last two fiscal years than in the prior five years combined, and is investing in new technology to increase detection capabilities. Thanks to these and other efforts, the number of overdose deaths have declined by more than 10 percent in the 12 months leading up to April 2024 – the largest drop in overdose deaths in recorded history. That said, fentanyl and other synthetic opioids remain the most lethal of drugs trafficked into the country and continue to pose a national security threat. Adulterated cocaine and methamphetamine also pose a threat. 
    • Influence Operations and Transnational Repression: We expect the Homeland will face threats to public safety from state actors using subversive tactics in an effort to stroke discord and undermine confidence in U.S. domestic institutions. Malign foreign actors seek to target ethnic and religious minorities, political dissidents, and journalists in the United States to silence and harass its critics abroad. 
    • Border and Immigration Security: Migrant encounters at our border have steadily declined since the beginning of 2024 and have declined even further since the issuance of the Presidential Proclamation and complementary Interim Final Rule (IFR) were announced on June 4 – decreasing more than 55% in the past four months. We nonetheless expect some individuals with criminal connections to seek to continue to exploit migrants. DHS remains acutely focused on identifying those who may present a threat to public safety or national security and stopping them from entering the United States. 
    • Critical Infrastructure Security: Domestic and foreign adversaries are expected to continue to target our critical infrastructure via prepositioning, cyber, and physical attacks. The People’s Republic of China (PRC), Russia, and Iran are expected to remain the most pressing foreign threats to our critical infrastructure.  Nation-states, criminal hacktivists, and financially motivated criminals will likely hone their techniques to disrupt U.S. services or to conduct espionage focused on gaining access to U.S. networks and critical infrastructure entities. We assess that domestic and foreign violent extremists will continue to call for physical attacks on critical infrastructure in furtherance of their ideological goals and, in response to international conflicts and crises. 
    • Economic Security: Our adversaries – including the PRC – will continue non-market policies and practices, economic espionage and coercive economic tools, and illicit acquisition of technologies and intellectual property to undercut U.S. and partner competitiveness. 

    Operational components and offices across the Department are involved in combatting threats and working alongside our federal, state, and local partners. Some examples of these efforts include:  

    • DHS conducts screening and vetting of individuals encountered at the border to identify national security or public safety threats and refers any individuals who are identified as posing a threat to public safety or national security to the appropriate law enforcement authority for detention, removal, and potential prosecution. DHS continually monitors available sources of intelligence and law enforcement information to identify new threats and public safety risks. If and when any new information emerges, DHS, including ICE and CBP, works closely with the FBI and other partners to take appropriate action. 
    • In addition to biometric and biographic screening and vetting of every individual encountered, U.S. Customs and Border Protection (CBP) has expanded information sharing agreements with international partners to enhance their ability to prevent, detect, and investigate trafficking and other crimes. CBP’s National Targeting Center continuously works to detect individuals and travelers that threaten our country’s security, while also building a network of partner nations committed to fighting global threats. 
    • DHS, through CBP and Homeland Security Investigations (HSI), has stopped more illicit fentanyl and 
      arrested more individuals for fentanyl-related crimes in the last two fiscal years than in the previous five 
      years combined. 
    • DHS is leading the federal effort to combat fentanyl internationally, through information-sharing, 
      multinational enforcement operations, and global cooperation with federal, state, and local 
      partners and stakeholder to disrupt fentanyl networks within our communities. 
    • DHS has arrested over 3,600 subjects connected to fentanyl-seizure events, which directly 
      degrades the organized criminal networks responsible for bringing fentanyl into our communities, seized over 2,200 pill presses, and seized over 27,000 pounds of illicit fentanyl to stop it at our 
      borders and in our communities before it can hurt the American public. 

    MIL OSI USA News –

  • MIL-OSI USA: Senator Collins’ Two Bills to Combat Alzheimer’s Signed into Law

    US Senate News:

    Source: United States Senator for Maine Susan Collins

    Washington, D.C. – Today, U.S. Senator Susan Collins, the Vice Chair of the Senate Appropriations Committee and a member of the Committee on Health, Education, Labor, and Pensions, announced that two bipartisan bills she authored—the National Alzheimer’s Project Act (NAPA) Reauthorization and the Alzheimer’s Accountability and Investment Act (AAIA)—have been signed into law. These bills will cement and build on the important progress that has been made to prevent and effectively treat Alzheimer’s disease.

    “We have made tremendous progress in recent years to boost funding for Alzheimer’s research, which holds great promise to end this disease that has had a devastating effect on millions of Americans and their families,” said Senator Collins, a founder and co-chair of the Congressional Task Force on Alzheimer’s Disease. “These two bills will maintain our momentum and make sure that we do not take our foot off the pedal just as our investments in basic research are beginning to translate into potential new treatments. We must not let Alzheimer’s to be one of the defining diseases of our children’s generation as it has ours.”

    “The bipartisan NAPA Reauthorization Act and the Alzheimer’s Accountability and Investment Act being signed into law today represents a major step forward in the fight against this devastating disease,” said Robert Egge, Alzheimer’s Association chief public policy officer and AIM president. “On behalf of the Alzheimer’s Association, thank you to Sen. Collins for your continued, outstanding leadership in advancing these critical bills through the legislative process and getting them signed into law today. Together they will build on the progress made in the fight against Alzheimer’s and other dementia for years to come.”

    “With the bipartisan NAPA Reauthorization Act and the Alzheimer’s Accountability and Investment Act being signed into law, our nation has renewed its commitment to the fight against Alzheimer’s and other dementia,” said Drew Wyman, executive director, Alzheimer’s Association Maine Chapter. “Thank you to Sen. Collins for your leadership in introducing and advancing these pivotal bills, and for your longstanding dedication to the Alzheimer’s community in Maine and across the nation.”

    “These two bills are incredibly important to the work we are doing to end the scourge of Alzheimer’s,” said George Vradenburg, chair and co-founder of UsAgainstAlzheimer’s. “By reinforcing our national commitment to fighting this crisis and requiring accountability for every federal dollar spent, these bills help ensure that our country will keep its foot on the gas to stop this disease. We look forward to working with Health and Human Services on establishing new national goals for 2035 and engaging the business community in those conversations so we can address the enormous economic impact of Alzheimer’s. We’re also grateful for the leadership of Senators Collins, Markey, Warner, and Capito and for every member of the Senate who joined them in getting these bills across the finish line.”

    More than six million Americans are living with Alzheimer’s. Alzheimer’s costs our nation an astonishing $360 billion per year, including $231 billion in costs to Medicare and Medicaid. If we continue along this trajectory, Alzheimer’s is projected to claim the minds of 13.8 million seniors by 2060 and nearly surpass $1 trillion in annual costs by 2050. In 2022, family caregivers provided 18 billion hours of unpaid care for loved ones with dementia.

    In 2011, Senator Susan Collins authored the National Alzheimer’s Project Act (NAPA) with then-Senator Evan Bayh (D-IN).  NAPA convened a panel of experts, who created a coordinated strategic national plan to prevent and effectively treat Alzheimer’s disease by 2025. The law was set to expire and needed to be reauthorized to ensure that research investments remain coordinated, and their impact maximized.

    The NAPA Reauthorization Act will:

    • Reauthorize NAPA through 2035 and modernize the legislation to reflect strides that have been made to understand the disease, such as including a new focus on promoting healthy aging and reducing risk factors.
    • Update language in recognition of the need to include underserved populations, including individuals with Down syndrome, who are at increased risk for Alzheimer’s as they age.

    This bill is endorsed by the National Down Syndrome Society, the National Down Syndrome Congress, and LuMind IDSC Foundation.

    The Alzheimer’s Accountability and Investment Act will:

    • Continue through 2035 a requirement that the Director of the National Institutes of Health submit an annual budget to Congress estimating the funding necessary to fully implement NAPA’s research goals.
      • Only two other areas of biomedical research – cancer and HIV/AIDS – have been the subject of special budget development aimed at speeding discovery.

    Senator Collins authored the NAPA Reauthorization Act with Senator Mark Warner (D-VA) and the Alzheimer’s Accountability and Investment Act with Senator Ed Markey (D-MA). Both bills are cosponsored by Senators Shelley Moore Capito (R-WV), Jerry Moran (R-KS), Lisa Murkowski (R-AK), and Debbie Stabenow (D-MI).

    The NAPA Reauthorization Act and the Alzheimer’s Accountability and Investment Act are endorsed by the Alzheimer’s Association and UsAgainstAlzheimer’s.

    The complete text of the NAPA Reauthorization Act can be read here.

    The complete text of the Alzheimer’s Accountability and Investment Act can be read here.

    MIL OSI USA News –

  • MIL-OSI USA: Cassidy Meets Employees at CF Industries and Essential Federal Credit Union

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    BATON ROUGE – Yesterday, U.S. Senator Bill Cassidy, M.D. (R-LA) visited CF Industries’ ammonia production facility in Donaldsonville, and later the Essential Federal Credit Union in Baton Rouge. During both visits, he learned how Louisianans are supporting small businesses and both the local and global economies.

    At CF’s Donaldsonville Complex, Cassidy learned about its capability of producing nearly 8 million tons of nitrogen products for agricultural and industrial use. CF uses the facility’s access to the Mississippi River and other modes of transportation to ship its products to major crop-producing states in the interior of America. They also utilize ocean-going vessels to Europe, South America, and Asia. 
    CF is also working to produce green ammonia and sequester carbon that would otherwise be released into the atmosphere as it produces its products. Thanks to their efforts, they will capture and sequester up to 2 million metric tons of carbon dioxide from its Donaldsonville Complex by 2025. This is in line with Cassidy’s Infrastructure Investment and Jobs Act (IIJA), which provided $5.1 billion to invest in carbon capture, utilization, and storage technology.
    “CF Industries and its employees have done more than anyone else in the world to make clean products,” said Dr. Cassidy. “Efforts like this help put the United States at a competitive advantage. We need to do more of this to create more jobs and make a competitive economy.”

    CF’s Donaldsonville Complex supports 566 permanent employees and 640 contractors, generates $16.8 million in annual state and parish sales taxes, and provided $430 million to local suppliers last year. Cassidy was welcomed there by Mr. Morris Johnson, General Manager for the facility.
    “At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably,” said Mr. Johnson. “To achieve this mission, we are investing in the decarbonization of our network with significant projects underway right here in Ascension Parish at our Donaldsonville Complex, located in the heart of this community we’ve called home for nearly 60 years. We thank Senator Cassidy for his visit to our site and his work on behalf of Donaldsonville and Louisiana through forward-leading competitiveness, energy and trade policies.”

    Later, Cassidy visited the Essential Federal Credit Union, which was chartered in 1972 by a group of Dow Chemical employees and now has more than 46,000 members and $378 million in assets. Cassidy met with Essential’s employees, and also with executives from other local credit unions who discussed how they’re serving their members. He discussed his efforts to preserve the Tax Cuts and Jobs Act of 2017, make flood insurance rates affordable, and invest in high-speed broadband and water and sewer projects for Louisiana’s rural communities.
    “Our credit unions always know how their communities are doing, since people go to them to finance a house or a small business,” said Dr. Cassidy. “By making flood insurance affordable and investing in rural broadband, we can help more families buy a home or grow their business, which makes our credit unions stronger.”

    Cassidy participated in a roundtable with credit union directors from across Louisiana. He was welcomed by Mr. Anthony Ware, II, Director of Legislative Advocacy for the Louisiana Credit Union Association, of which the Essential Federal Credit Union is a member.
    “Thank you, Senator Cassidy, for taking the time to meet with the Louisiana Credit Union Association powered by Luminate, and visiting Essential Federal Credit Union today,” said Mr. Ware. “We truly appreciate you taking the time to hear from credit unions on the issues that are important to us and vital to helping Louisiana residents. We value your continued support of credit unions as we serve our members and strengthen our communities.”

    MIL OSI USA News –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 02.10.2024 – repurchases resumed following a temporary pause

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    2 October 2024 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 02.10.2024 – repurchases resumed following a temporary pause

    Espoo, Finland – As announced on 16 August 2024, Nokia’s share buybacks were paused until after the Infinera shareholders’ special meeting. The special meeting took place on 1 October 2024 as planned, and the buybacks have therefore been resumed. On 2 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,283,714 3.93
    CEUX 599,119 3.93
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,882,833 3.93

    * Rounded to two decimals

    On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing the number of shares to be repurchased during the year 2024. The post-increase repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 22 July 2024 and end by 31 December 2024 with a maximum aggregate purchase price of EUR 600 million for all purchases during 2024.

    Total cost of transactions executed on 2 October 2024 was EUR 7,404,806. After the disclosed transactions, Nokia Corporation holds 151,369,770 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 40 803 4080
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI New Zealand: Federated Farmers demand fairer debt solutions

    Source: Federated Farmers

    More than one in five Kiwi farmers say their bank isn’t allowing them to structure their debt in the most interest-efficient way.
    That’s a key finding put forward by Federated Farmers in its recent submission to Parliament’s banking inquiry.
    “New Zealand farmers are clearly under huge pressure from the banks because we had more than 1000 farmers come forward to share their frustrations with us,” Federated Farmers banking spokesperson Richard McIntyre says.
    “We’ve used that feedback in our submission, leaving the select committee in no doubt about what farmers are dealing with and how banking issues are affecting them.”
    McIntyre says it’s highly concerning to hear so many farmers (22%) haven’t been allowed to structure their debt to minimise interest payments as much as possible.
    “We also had another 18% of farmers tell us they’re unsure of their options.
    “In total, 40% of farmers either find their debt structure inefficient or aren’t receiving the information they need to improve it.
    “That’s something we need this inquiry to sort out – and fast.”
    McIntyre says another recurring theme in feedback from farmers is the lack of transparency and the one-size-fits-all approach banks take to lending.
    One significant issue is the pressure farmers feel to use overdrafts to manage debt repayments or fund capital projects – tasks overdrafts were never intended for.
    In fact, 12% of farmers say their bank has asked them to fund capital work using an overdraft.
    “This is unacceptable,” McIntyre says.
    “Overdrafts are designed for managing seasonal cash flow, not to burden farmers with higher-interest debt, which only serves to boost bank profits.”
    He says many farmers are stuck in overdraft facilities that never return to positive balances, with banks reluctant to offer more sustainable solutions.
    This creates a cycle of high-interest debt, leaving farmers financially strained over the long term.
    “This isn’t just bad practice – it’s bad faith,” McIntyre says.
    “Banks are prioritising profits over the long-term financial health of New Zealand’s farmers.”
    He emphasises that overdrafts should be a tool, not a trap.
    Farmers have reported that, even when it makes good business sense, they’re unable to convert overdraft debt into term debt.
    “The advantage for the bank is that overdrafts generate higher interest, and banks can call in the debt at any time,” McIntyre says.
    “This practice leaves farmers vulnerable, with overdraft rates often 3-4% higher than term debt.”
    Federated Farmers is calling for banks to provide fair access to more efficient debt structures, particularly term debt, which would allow farmers to plan for the long term.
    “Farmers aren’t asking for special treatment,” McIntyre says. “We just want a fair go.”
    Federated Farmers has been instrumental in securing an initial briefing on rural banking, led by the Primary Production Committee.
    This has now developed into a full inquiry into banking competition, led by Parliament’s Finance and Expenditure Committee.
    Federated Farmers will ensure farmers’ perspectives are taken seriously, pushing for real changes in New Zealand’s banking system, McIntyre says.
    He says Federated Farmers is incredibly grateful to the thousands of farmers who shared their experiences as part of the submission process.
    “Farmers want change, and they’ve added significant weight to our submission.
    “Their voices are the backbone of this submission, and they’ve given us the momentum we need to keep pushing for real solutions.”
    Federated Farmers is now preparing to present its oral submission to Parliament.
    “We’re not just here to highlight the problems,” McIntyre says. “We’re here to advocate for real solutions that will make a difference for every farmer in New Zealand.”
    “We’re 100% committed to ensuring the banking inquiry delivers meaningful change for rural banking.
    “We won’t stop until every farmer has access to banking that is fair, efficient, and on our terms.”

    MIL OSI New Zealand News –

  • MIL-OSI USA: Amata Welcomes House Colleagues and Key Senators in American Samoa

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amatatook part in welcoming key U.S. Senators and her House colleagues as their Congressional Delegation (CODEL) on a U.S. Air Force flight landed in American Samoa, as did Governor Lemanu P.S. Mauga. The bipartisan CODEL included Chairman Joe Manchin of West Virginia, Senator Lisa Murkowski of Alaska, and two of Amata’s House colleagues, also on influential committees: Congressman Wiley Nickel North Carolina, Finance Committee; and Congressman Greg Pence of Indiana, Energy and Commerce Committee.

    CODEL group photo

    Amata’s bill, H.R. 6062, which expedites American Samoa’s amendments as already approved by the people, is in line for consideration before the same Committee on which Chairman Manchin presides and Sen. Murkowski is a senior senator. Amata spoke to Chairman Manchin about it, and Amata’s House-passed bill is expected to be in front of the Senate Committee on Energy and Natural Resources in mid-November, once Congress has resumed, as it has been examined already by a Senate Subcommittee and is moving forward as a noncontroversial bill.

    CODEL in American Samoa with Governor Lemanu Mauga and Congresswoman Uifa’atali Amata

    “I also discussed 30a (the American Samoa Economic Development Credit) with Chairman Manchin and Senator Murkowski,” said Congresswoman Aumua Amata. “It’s a crucial tax extender for American Samoa that needs to be extended again. It primarily benefits the cannery but can be used for other businesses.  We need the credit to attract those other businesses besides tuna. The 30a extender is important for the Starkist cannery, which is at full employment of 2500, and supports an equal number or more of indirect jobs. House Ways and Means Chairman Smith is supportive of the credit, but we will need help in the Senate as usual.”

    CODEL enjoyed their time in American Samoa

    “It’s a delight to have these Senators and House colleagues see glimpses of American Samoa’s mountain and ocean beauty from the air and our airport,” she continued. “When I speak with senior Senators and Representatives in Washington, I find without fail that they are genuinely interested, and truly want to be helpful and supportive to American Samoa, and they also understand that we aren’t directly represented in the U.S. Senate. I know they enjoyed the tokens of appreciation that both I and Governor Lemanu Mauga were able to present so they’d have a memory of the people of American Samoa.”

    “I take every opportunity to raise key issues for American Samoa with relevant Members of Congress, especially when our issues are under the jurisdiction of their committees,” she concluded. “I appreciate Chairman Manchin’s effective leadership in the Senate, and I’ve traveled on a CODEL with my friend Senator Murkowski before, and she’s been a good friend of our islands while representing Alaska.”

    ###

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Apprentice Store Are On The Move

    Source: Scotland – Highland Council

    Managing Director David Massie pictured with Hagen Wagner, Highland Opportunity (Investments) Limited Investment Manager

    Highland Opportunity (Investments) Limited (HOIL) has recently provided The Apprentice Store Ltd with funding towards their ambitious business development. HOIL, The Highland Council’s business loan company, supports Highland based businesses and encourages applications from all business sectors, including community organisations. Interested businesses benefit from straightforward loan conditions and a tailored offer to support their project.  HOIL has financially supported more than 1,200 local start-up businesses, community organisations and growth projects within the Highland Business community since it was established in 1986.

    The Apprentice Store approached HO(IL) for a working capital loan of £25,000 to help achieve their growth aspirations.  Currently based in the Impact Hub in Castle Street, they are about to relocate to larger premises in Academy Street, where they will be the flag ship tenant of an innovative, vibrant and friendly co-working space in the centre of Inverness.

    The Apprentice Store was founded in 2016 and have a unique setup, whereby they support employment of young people and inclusivity on an apprenticeship basis, led by a number of mentors. To date, the company has trained and employed more than 23 young people. The business understands how important computer systems are in a modern business. From their Scottish base in Inverness they offer a range of quality remote IT services for small and medium sized businesses throughout the United Kingdom and Europe. 

    Councillor Paul Oldham, Chair of HOIL said: “The Apprentice Store’s way of working, that encourages young people to work in IT while staying in the Highlands rather than feeling they have to move away, has got to be good news for the Highland economy.

     “HOIL’s accessible and affordable business finance helps promote business across the area. It’s an important part of the Council’s aim to keep business vibrant and growing in the Highlands.”

    David Massie, Managing Director of the Apprentice Store Limited said: “The Apprentice Store approached HOIL to secure some funding and found the application process quick and easy to complete. This funding will help our social purpose of creating sustainable employment to young people who have challenges of entering the workforce. Our clients from across the UK in the public, private and sectors help support continuous employment by outsourcing their IT services to The Apprentice Store. Our team return on our client’s commitment by offering quality IT support and development services as they care about the opportunity offered to them by The Apprentice Store and its clients.”

    MIL OSI United Kingdom –

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) declares its monthly distribution for October 2024 of $0.1025 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.

    The specific tax characteristics of this distribution can be found on our website http://www.pennantpark.com.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network –

  • MIL-OSI: Apollo to Provide €1 Billion Capital Solution to Vonovia in Third Transaction

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has entered into an agreement for Apollo affiliates and other long term investors to provide c. €1 billion to acquire a minority stake in one of Vonovia’s affiliates. This commitment follows two previous €1 billion transactions between Vonovia and Apollo in 2023, related to Vonovia’s real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to €3 billion.

    Apollo Partner Jamshid Ehsani said, “Apollo is very pleased to further expand our partnership with Vonovia and assist Germany’s largest residential real estate company in reaching its strategic objectives. It is yet another example of Apollo’s ability to commit its capital resources and provide bespoke, scaled solutions to our closest corporate relationships around the world. This investment marks our third transaction with Vonovia and underscores Apollo’s role as an ongoing trusted partner to some of the largest global corporations.”

    Since 2020, under its High Grade Capital Solutions strategy Apollo has originated nearly $100 billion of bespoke capital solutions for leading companies such as Intel, Sony, Air France, AB InBev and more. Apollo believes it is uniquely positioned to serve the needs of large high quality corporates and retirement services companies, given the firm’s structuring, investment and syndication capabilities and scaled capital base.

    Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal counsel to Apollo, while Apollo Capital Solution is providing structuring and syndication services in connection with the transaction. Deutsche Bank is acting as exclusive financial advisor to Vonovia, and Freshfields Bruckhaus Deringer is serving as legal counsel to Vonovia.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit http://www.apollo.com.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) declares its monthly distribution for October 2024 of $0.08 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    ABOUT PENNANTPARK INVESTMENT CORPORATION

    PennantPark Investment Corporation is a business development company which primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Investment Corporation
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network –

  • MIL-OSI: Mulvihill Premium Yield Fund Declares Monthly Fund Distribution for Its ETF Class

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: MPY) Mulvihill Premium Yield Fund has declared a monthly cash distribution for its ETF Class in the amount of $0.05417 per unit, payable on November 7, 2024 to unitholders of record on October 31, 2024.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior Vice-President & CFO       Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
         

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended September 30, 2024, prior to the opening of the Nasdaq Global Select Market on Thursday, November 7, 2024.

    The Company will also host a conference call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 343-4136 approximately 5-10 minutes prior to the call; international callers should dial (203) 518-9843. Participants should reference either MidCap Financial Investment Corporation Earnings or Conference ID: MFIC1107 when prompted. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Events Calendar in the Shareholders section of our website at http://www.midcapfinancialic.com. Following the call, you may access a replay of the event either telephonically or via audio webcast. The telephonic replay will be available approximately two hours after the live call and through November 28, 2024, by dialing (800) 839-6911; international callers should dial (402) 220-6059. A replay of the audio webcast will also be available later that same day. To access the audio webcast please visit the Events Calendar in the Shareholders section of our website at http://www.midcapfinancialic.com.

    About MidCap Financial Investment Corporation

    MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). For tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, a high-growth global alternative asset manager. The Company’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, which the Company generally defines as companies with less than $75 million in EBITDA, as may be adjusted for market disruptions, mergers and acquisitions-related charges and synergies, and other items. To a lesser extent, the Company may invest in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies. For more information, please visit http://www.midcapfinancialic.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including, but not limited to, statements as to our future operating results; our business prospects and the prospects of our portfolio companies; the impact of investments that we expect to make; our contractual arrangements and relationships with third parties; the dependence of our future success on the general economy and its impact on the industries in which we invest; the ability of our portfolio companies to achieve their objectives; our expected financings and investments; the adequacy of our cash resources and working capital; and the timing of cash flows, if any, from the operations of our portfolio companies.

    We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; new strategic initiatives; the ability to reposition the investment portfolio; the market outlook; future investment activity; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law.

    Contact

    Elizabeth Besen
    Investor Relations Manager
    MidCap Financial Investment Corporation
    (212) 822-0625
    ebesen@apollo.com

    The MIL Network –

  • MIL-OSI: Premium Income Corporation Announces Quarterly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: PIC.A; PIC.PR.A) Premium Income Corporation has declared quarterly distributions payable on October 31, 2024 to shareholders of record on October 15, 2024 in the following amounts per share:

    Share Class Ticker Amount Per Share
    Class A Shares PIC.A $0.20319
    Preferred Shares PIC.PR.A $0.215625
         

    To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com

       
    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Premium Global Income Split Corp. Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: PGIC; PGIC.PR.A) Premium Global Income Split Corp. has declared monthly distributions payable on October 31, 2024 to shareholders of record on October 15, 2024 in the following amounts per share:

    Share Class Ticker Amount Per Share
    Class A Shares PGIC $0.08000
    Preferred Shares PGIC.PR.A $0.06250
         

    To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West Suite 2600
    Toronto, Ontario M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Mulvihill U.S. Health Care Enhanced Yield ETF Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: XLVE) Mulvihill U.S. Health Care Enhanced Yield ETF has declared a monthly cash distribution in the amount of $0.058333 per unit, payable on November 7, 2024 to unitholders of record on October 31, 2024.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior VP & CFO Mulvihill Capital Management Inc.
      121 King Street West
      Suite 2600
      Toronto, Ontario, M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs.

    The MIL Network –

  • MIL-OSI: Precision Drilling Corporation 2024 Third Quarter Results Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) — Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, October 30, 2024.

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

    https://register.vevent.com/register/BI4cb3a3db88084e66ad528ebb2bdb81e4

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

    https://edge.media-server.com/mmc/p/mov2xb4k

    About Precision

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

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

    Additional Information

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

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

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

    The MIL Network –

  • MIL-OSI Asia-Pac: The Department of Telecommunications concludes Swachhata Hi Seva 2024 Campaign

    Source: Government of India (2)

    The Department of Telecommunications concludes Swachhata Hi Seva 2024 Campaign

    Launches Implementation Phase of Special Campaign 4.0 with Cleanliness Drive

    Posted On: 02 OCT 2024 7:58PM by PIB Delhi

    This year Department of Telecommunications (DoT) celebrated the 10th anniversary of the launch of Swachh Bharat Mission, Swachhata Hi Seva 2024 with the theme “Swabhaav Swachhata- Sanskaar Swachhata” with great enthusiasm. The campaign facilitated large scale advocacy and citizen participation for Swachhata, cleanliness drives with focus on cleaning of Cleanliness Target Units (CTUs) across the country through active participation of officers and staff of DoT HQ, attached offices, subordinate offices, field units and public sector units.

    Hon’ble Union Minister for Communications actively participated in the campaign by administering Swachhata Pledge to the officers and staff of BSNL Telephone Exchange, Acheleshwar, Madhya Pradesh and with plantation of a tree sapling under ‘Ek Ped Maa Ke Naam’ initiative on 20.09.2024. He also launched “Ek Ped Maa Ke Naam” app on 23.09.2024 to track planting of trees by users which they can dedicate in the name of their respected mothers.

    The campaign saw enthusiastic participation from DoT HQ, attached offices, subordinate offices, field units, and public sector units, focusing on the cleaning of Cleanliness Target Units (CTUs) nationwide. Approximately 700 events were organized, including the cleaning of 74 CTUs and about 50 SafaiMitra Suraksha Shivirs, embodying the campaign’s commitment to sanitation and safety.

    The campaign was concluded with the mega cleanliness drive organized outside Patel Chowk Metro Station, New Delhi wherein senior officers of the Department including Advisor Finance, Wireless Advisor, DDG(C&A), other DDGs and several other officers & employees of the Department participated in Shramdaan as a fitting tribute to the Father of the Nation.

    Several other Cleanliness campaigns by various units of DoT were also organized across the country today. Some snapshots are shared below: –

    Cleanliness drive at Model Park, Rajabazar, Sector-IV Gole Market, New Delhi, by DGT HQ

     

    Cleanliness drive by office of CGCA at Barakhamba Metro Station, New Delhi

        

    Under स्वच्छता लक्षित इकाई, Shramdaan by the employees of Circle Office, BSNL, Raipur

    Cleanliness Drive by TCIL at Jaipur

    Cleanliness drive at NCA CAMPUS, Ghaziabad, Uttar Pradesh

    The conclusion of the Swachhata Hi Seva Campaign also witnessed the launch of implementation phase of Special Campaign 4.0 with a cleanliness drive at DoT HQ and a commitment to resolve pending public issues & other related matters across 400+ sites.

    The Department of Telecommunications is actively participating in Special Campaign 4.0. During the identification phase of the campaign (up to 30.09.2024) the Department has already identified targets on disposal of pending MP references, State Government References, Public Grievances, PG Appeals, Parliamentary Assurances etc. It has identified more than 400 campaign sites across its organizations/ field offices/ PSUs pan India during the campaign to resolve pending matters.

    ****

    SB/DP

    (Release ID: 2061249) Visitor Counter : 46

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Rep. Gallego, Mayor Weiers, APA President Justin Harris Highlight Work to Support Local Law Enforcement, Protect Public Safety

    Source: United States House of Representatives – Representative Ruben Gallego (AZ-07)

    October 02, 2024

    GLENDALE – Gathering at the Glendale Police Department, Rep. Ruben Gallego (AZ-03), Glendale Mayor Jerry Weiers, and Glendale Police Officer and Arizona Police Association President (APA) Justin Harris held a press conference highlighting Rep. Gallego’s work to support local law enforcement and protect public safety.

    “Ensuring Arizonans’ safety is my top priority,” said Rep. Gallego. “That’s why, since taking office, I’ve voted for billions of dollars in funding for local law enforcement and have fought to bring $61 million of that back home to Arizona. I’m proud of the work I’ve done to protect public safety in Arizona, and I’ll continue working with my colleagues on both sides of the aisle to do more.”

    “I would like to thank the Congressman and our delegation for continuing to support public safety,” said Mayor Weiers. “In 2022, Congressman Gallego and our representatives in Washington D.C. funded public safety upgrades for our police department, including funding a new mobile command center and also funding to rebuild our 9-1-1 communications center that receives nearly 400,000 calls each year. I urge our delegation to remain focused on ensuring federal policies do not stop our officers from protecting the public.”

    “The Arizona Police Association values Rep. Gallego’s commitment to supporting the men and women who put their lives on the line to protect our community,” said APA President Harris. “His dedication and commitment to ensure that police officers have the necessary funding and resources to enforce the laws, to maintain order and to support our communities is something we greatly appreciate and respect.”

    A recording of the press conference can be viewed HERE. Pictures of the event can be accessed HERE.

    Background on Rep. Gallego’s work to support local law enforcement

    During his time in Congress, Rep. Gallego has voted for over $168 billion in law enforcement funding and fought to bring home $45.9 million in Community Oriented Policing Services (COPS) program and $49.7 million in Byrne Justice Assistance Grants (JAG) funding to Arizona.

    Earlier this year, Rep. Gallego introduced his First Responders Emergency Assistance Act which would create a new emergency grant program for law enforcement and first responders in communities experiencing increased migrant arrivals. He also backs multiple bipartisan bills to strengthen the COPS program and support local law enforcement, including:

    • the Filling Public Safety Vacancies Act to provide an emergency boost to the COPS Hiring Program, doubling the amount of federal grant funding available for local departments this fiscal year.

    • the Recruit and Retain Act to increase the recruitment of new and qualified officers by reducing application and recruiting costs associated with finding new talent.

    • the Strong Communities Act to build stronger relationships between police and the communities they serve by incentivizing law enforcement officers to work in the communities where they live.

    • the Enhancing COPS Hiring Program Grants for Local Law Enforcement Act to expand the COPS Hiring Program to allow local law enforcement agencies to utilize program grants for recruitment and retention bonuses and to allow grant applications to be valid for five years, instead of the current one year.

    • the Supporting the Health and Safety of Law Enforcement Act to create a new grant program to increase coordination between community mental health centers and law enforcement officers on mental health issues, including homelessness and public safety.

    • the Invest to Protect Act to help small and mid-sized police departments, including Tribal police departments, recruit and provide safety training, de-escalation training, and mental health support for their officers.

    • the Establishing Accreditation Grants for Law Enforcement (EAGLE) Act to authorize $10 million in funding for small and mid-sized police departments to earn or renew accreditation from state, regional, tribal or national police accreditation organizations.

    In 2023, he introduced the Bridging Agency Data Gaps & Ensuring Safety (BADGES) for Native Communities Act, a bipartisan bill that strengthens Tribal law enforcement and increases public safety in Indian Country.

    MIL OSI USA News –

  • MIL-OSI: Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Third Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the third quarter of 2024 and also announced timing of third quarter 2024 earnings.

    Third Quarter Distribution Declaration 

    PAA and PAGP announced the following quarterly cash distributions:

    • PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in August 2024.
    • PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2024.
    • PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).
    • PAA Series B Preferred Units – $24.25 per Series B Preferred Unit (based on the applicable quarterly floating rate).

    The distributions on the PAA Common Units, PAGP Class A Shares and PAA Series A Preferred Units are payable on November 14, 2024 to holders of each respective security as of October 31, 2024. The distribution on the PAA Series B Preferred Units is payable on November 15, 2024 to holders of such security as of November 1, 2024.

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

    Third Quarter 2024 Earnings Timing

    PAA and PAGP also announced that they will release third quarter 2024 earnings before market open on Friday, November 8, 2024. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the “Investors Relations” section of the website at http://www.plains.com. An audio replay will be available on the website after the call.

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

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

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

    Investor Relations Contacts:        

    Blake Fernandez
    Michael Gladstein
    (866) 809-1291

    The MIL Network –

  • MIL-OSI: Glacier Bancorp, Inc. Announces Third Quarter Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    KALISPELL, Mont., Oct. 02, 2024 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) will report third quarter financial results after the market closes on October 24, 2024. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, October 25, 2024.

    Please note that our conference call host no longer offers a general dial-in number.

    Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register.vevent.com/register/BI32ee03ea65c34bd794e0027768d383d4

    To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/9bh88vfv

    If you are unable to participate during the live webcast, the call will be archived on our website, http://www.glacierbancorp.com.

    Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT) Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).

    Randall M. Chesler, CEO
    (406) 751-4722

    Ron J. Copher, CFO
    (406) 751-7706

    The MIL Network –