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Category: GlobeNewswire

  • MIL-OSI: StoneX Group CEO Philip Smith on Gold Market Volatility

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 21, 2025 (GLOBE NEWSWIRE) — Amid growing uncertainty over Trump’s tariff policies and concerns surrounding gold market volatility, physical gold flows, and pricing disparities, Philip Smith, Chief Executive, StoneX Group, recently appeared on Sky News Arabia’s morning business segment sharing his insights on the subject.

    Smith also pointed to a major pricing disconnect between New York futures contracts and the London OTC physical market. He believes that the major disconnect—ranging from $25 to $30 an ounce, compared to the December high of $60—has been affecting the market’s overall efficiency. This divergence is fueled by a lack of clarity from the new administration over tariffs.

    Smith also noted a significant surge in physical gold moving into the United States over the past two months. “What we’ve seen in the past 7, 8 weeks in the market was probably one of the largest physical movements of gold from all over the world into the US. We estimate over 2,000 tons,” he stated.

    When asked about his forecast on gold, Smith remained cautious about making firm predictions. He explained that the existing price discrepancies between New York and London are unlikely to narrow until there is greater clarity on the tariff policies from the Trump administration.

    Smith believes that the ongoing ambiguity surrounding tariffs is exerting a “disproportionate and distorting effect on gold prices.” He stressed that once certainty is established, gold markets can revert to normal fundamentals, allowing for greater price stability and more predictable trading conditions.

    This perspective aligns with recent analysis from Fawad Razaqzada, UK Market Analyst for StoneX, who noted that Trump’s “aggressive fiscal policies and protectionist stance may fuel inflationary pressures, which could prompt further delays in the Federal Reserve’s rate cut. Any delay in monetary easing would, in turn, support bond yields, creating headwinds for gold.”

    From a StoneX standpoint, Smith remains optimistic. “We’re all seeing a very good position to be able to facilitate others who are struggling to bring gold into the United States,” he stated. StoneX’s Precious Metals division provides a comprehensive suite of gold services, including physical trading, financial derivatives, vaulting, and storage. Smith believes that StoneX is well-positioned to support large banks and financial institutions that lack direct access to physical gold, helping them navigate uncertainties related to tariffs and market disruptions.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,500 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at www.stonex.com.

    SNEX-G

    The MIL Network –

  • MIL-OSI: Landsbankinn hf.: Competition Authority approves Landsbankinn’s purchase of TM

    Source: GlobeNewswire (MIL-OSI)

    The Icelandic Competition Authority has approved the purchase by Landsbankinn of all share capital in TM tryggingar hf., with a condition set out in a settlement between the Bank and the Authority. Under the terms of the settlement, Landsbankinn agrees that special terms on insurance from TM will not be contingent upon a customer’s wages being paid to an account with the Bank. The condition of the purchase agreement for regulatory approval has thereby been satisfied. The Bank expects to assume ownership of TM following settlement with Kvika Bank hf. on 28 February 2025. 

    The purchase price, as provided for in the purchase agreement signed in May 2024, is ISK 28.6 billion and is based on the balance sheet of TM as at the beginning of 2024. The final purchase price is subject to a closing adjustment based on changes to the tangible equity capital of TM from the beginning of 2024 to the delivery date. 

    The MIL Network –

  • MIL-OSI: Acadia Ventures Files Early Warning Report With Respect to Subordinate Voting Shares of VerticalScope Holdings Inc.

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, Feb. 21, 2025 (GLOBE NEWSWIRE) — Acadia Ventures Ltd. (“Acadia”) has filed on SEDAR+ (www.sedarplus.com) an early warning report with respect to subordinate voting shares (“Subordinate Voting Shares”) of VerticalScope Holdings Inc. (the “Issuer” or “VerticalScope”) held by Acadia.

    On February 20, 2025, Acadia disposed of a total of 612,600 Subordinate Voting Shares representing approximately 3.33% of the issued and outstanding Subordinate Voting Shares of VerticalScope. The Subordinate Voting Shares were sold through the facilities of the TSX for aggregate proceeds of $7,817,817.42 (or an average of approximately $12.76 per Subordinate Voting Share). As a result of the disposition, Acadia’s shareholdings decreased to a total of 2,707,400 Subordinate Voting Shares representing 14.7% of the issued and outstanding Subordinate Voting Shares. Immediately prior to the disposition, Acadia owned 3,320,000 Subordinate Voting Shares representing approximately 18.02% of the issued and outstanding Subordinate Voting Shares. Immediately following the disposition, Acadia owned 2,707,400 Subordinate Voting Shares representing 14.7% of the then-issued and outstanding Subordinate Voting Shares.

    On February 21, 2025, Acadia further disposed of a total of 130,000 Subordinate Voting Shares representing approximately 0.7% of the issued and outstanding Subordinate Voting Shares of VerticalScope. The Subordinate Voting Shares were sold through the facilities of the TSX for aggregate proceeds of $1,657,500 (or an average of approximately $12.75 per Subordinate Voting Share). As a result of the disposition, Acadia’s shareholdings decreased to a total of 2,577,400 Subordinate Voting Shares representing 13.99% of the issued and outstanding Subordinate Voting Shares. Immediately prior to the disposition, Acadia owned 2,707,400 Subordinate Voting Shares representing 14.7% of the issued and outstanding Subordinate Voting Shares. Immediately following the disposition, Acadia owned 2,577,400 Subordinate Voting Shares representing 13.99% of the issued and outstanding Subordinate Voting Shares.

    Acadia holds the Subordinate Voting Shares for investment purposes only and not for the purpose of influencing control or direction over the Issuer. Acadia may further purchase, hold, trade, dispose or otherwise deal in the securities of the Issuer, in such manner as it deems appropriate, including on the open market or through private transactions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

    The Issuer is located at 111 Peter Street, Suite 600, Toronto, Ontario M5V 2H1. Acadia is located at Flagship Building, 142 Seafarers Way, PO Box 2428, George Town, Grand Cayman, Cayman Islands, KY1-1105. A copy of this report may be obtained by contacting Rajesh Bavalia at +1.345.938.9731 or RB-avl@proton.me.

    The MIL Network –

  • MIL-OSI: Alexis Mac Allister Announces as Jeton’s Latest Brand Ambassador

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, Feb. 21, 2025 (GLOBE NEWSWIRE) — Jeton, global payment services provider, announces a three-year partnership with global football icon Alexis Mac Allister. The 25-year-old Argentine football player is a midfielder for Premier League Club Liverpool and represents Argentina’s national team. The agreement between the global payment services provider and the footballer will appoint Mac Allister to serve as Jeton’s brand ambassador and represent the brand in various marketing campaigns. Jeton will be authorised to use Mac Allister’s professional name, image, likeness, and biography as part of the partnership.

    “I’m pleased to be Jeton’s brand ambassador,” stated Alexis Mac Allister. ‘I look forward to representing the brand and sharing its values with my fanbase and football lovers worldwide.”

    ‘We are very happy and excited to work closely with Mac Allister. We have strategized these partnerships based on what our customers expect from Jeton and how we can exceed their expectations. We hope to build stronger relations among the football community and reach out to football lovers all around the world through partnerships they desire. As exemplified by our recent partnership with Japanese football player Kou Itakura, we believe we are one step closer to achieving our objectives. We can’t wait to embark on this journey alongside Alexis Mac Allister.’ said Executive Director of Jeton.

    Jeton is known for its ongoing partnerships, marketing activities and close relations with football clubs and the community. The global payment services brand has a long-lasting relationship with West Ham United FC as their official e-Wallet partner and have previously partnered with other notable football clubs such as Aston Villa FC and Hull City AFC. Jeton has recently expanded its reach into the Asian market by partnering with Japanese football player Kou Itakura.

    About Jeton

    LA Orange CY Limited, trading as Jeton, is authorised by the Central Bank of Cyprus under the Electronic Money Law of 2012 and 2018 (Law 81(I)/2012) for distributing or redeeming electronic money (e-money), with Licence No: 115.1.3.66. LA Orange CY Limited has been incorporated in the Republic of Cyprus under the provisions of the Companies Law (Cap 113) with registration number HE 424807, with its registered office address at 116 Gladstonos, M. Kyprianou House, 3rd and 4th Floor, 3032, Limassol, Cyprus.

    © 2024 | LA Orange Limited, trading as Jeton, is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for distributing or redeeming electronic money (e-money) and providing certain payment services on behalf of an e-money institution, with FCA registration number 902088. LA Orange Limited is registered in England and Wales, Company Number 11535714, with its registered office address at The Shard Floor 24/25, 32 London Bridge Street, London, SE1 9SG, United Kingdom.

    Jeton Bank Limited is licensed and authorised by the Financial Services Unit, Ministry of Finance of the Commonwealth of Dominica, licensed as a banking institution under the international Banking Act, fully authorised to provide services to clients worldwide, under the prudential supervision of the Financial Services Unit. Jeton Bank Limited is registered in the Commonwealth of Dominica, Company Number 2022/C0175, with its registered address at 1st Floor, 43 Great George Street, Roseau, Commonwealth of Dominica, Post Code: 00109-8000. – LEI Code: 894500XGIX3R4HCIOC29.

    Social Links

    Instagram:  https://www.instagram.com/jetonpayments/

    Facebook: https://www.facebook.com/jetonpayments

    X:  https://x.com/jetonpayments

    YouTube: https://www.youtube.com/@JetonPayments

    Media contact

    Brand: Jeton

    Contact: Media team

    Email: marketing@jeton.com

    Website: https://www.jeton.com/

    SOURCE: Jeton

    The MIL Network –

  • MIL-OSI: JAMINING Mining Launches Limited-Time New User Bonus and High-Yield Cloud Mining Plans

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 21, 2025 (GLOBE NEWSWIRE) — JAMINING Mining, a leading global cloud mining platform, has announced an exclusive limited-time promotion for new users, offering a $100 bonus immediately upon registration. This initiative is designed to lower the entry barrier for individuals looking to earn passive income through cryptocurrency mining, particularly Bitcoin and Ethereum.

    New User Bonus: Get Started with Zero Cost
    New users who register on the JAMINING Mining platform will receive a $100 bonus that can be directly used for mining. This promotion allows users to experience the platform’s features without any upfront investment. The bonus can be applied toward any mining contract, with profits fully withdrawable upon completion.

    Flexible Mining Plans with High Returns
    JAMINING Mining offers a variety of cloud mining contracts tailored to different investment levels. Highlighted plans include:

    • Basic Cloud Computing Plan: Invest $200, 2-day contract, $214 profit.
    • Classic Cloud Computing Plan: Invest $500, 3-day contract, $527 profit.
    • Advanced Cloud Computing Plan: Invest $1,000, 5-day contract, $1,095 profit.
    • Super Cloud Computing Plan: Invest $5,800, 14-day contract, $7,424 profit.

    After the contract ends, the initial investment is automatically returned, giving users the flexibility to reinvest or withdraw funds.

    Why Choose JAMINING Mining?
    Founded in 2004 and headquartered in the UK, JAMINING Mining is authorized and regulated by the UK Financial Services Authority (FCA). The company operates over 100 global data centers across Eastern Europe, North America, the Middle East, and South America. JAMINING Mining’s infrastructure utilizes industry-leading hardware from Bitmain and NVIDIA, while renewable energy sources like solar and wind power ensure environmentally friendly operations.

    No Hidden Fees, Transparent Operations
    JAMINING Mining’s contracts come with no additional maintenance or hidden fees. Users only pay the contract deposit, which is fully refunded after the contract expires.

    About JAMINING Mining
    JAMINING Mining is a globally recognized cloud mining platform dedicated to providing users with secure, efficient, and sustainable income opportunities. The company’s commitment to transparency, technological excellence, and environmental sustainability has earned it a trusted reputation among cryptocurrency enthusiasts worldwide.

    Join Now and Start Earning
    Seize this limited-time opportunity to start your cloud mining journey with JAMINING Mining. Register today, claim your $100 bonus, and begin earning passive income with ease.

    Official Website: https://jamining.com/
    Contact: Apostolakis
    Email: info@jamining.com

    Disclaimer: This press release is provided by JAMINING Mining. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered as financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5f03d47d-03cd-4418-9280-b704f653294f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7401632d-71d4-42d8-84ec-2139cebc62e3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/25856214-4dda-4729-af57-be20d18d5baa

    https://www.globenewswire.com/NewsRoom/AttachmentNg/50ba9d54-11eb-4bc8-8377-0731e007d9d2

    The MIL Network –

  • MIL-OSI: Advantage Solutions Announces Date for its Fourth Quarter and Full Year 2024 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, Feb. 21, 2025 (GLOBE NEWSWIRE) — Advantage Solutions Inc. (NASDAQ: ADV) announced today that it will release financial results for the fourth quarter and full year at 7 a.m. ET on March 7, 2025, followed by a conference call at 8:30 a.m. ET on the same day.

    The conference call can be accessed live over the phone by dialing 1-800-225-9448, or for international callers, 1-203-518-9708. The conference ID is ADVQ4. Three hours after the call, a replay will be available by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode is 11158219. The replay recording will be available until March 14, 2025.

    Interested investors and other parties may also listen to a simultaneous conference call webcast by logging onto the Investor Relations section of the Advantage Solutions website at ir.youradv.com/. The online replay will be available for a limited time shortly following the call.

    About Advantage Solutions

    Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it’s creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit youradv.com.

    Investor Contacts:  

    Ruben Mella

    investorrelations@youradv.com

    Media Contacts:  

    Peter Frost

    press@youradv.com

    The MIL Network –

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Closes New Securitization, Substantially Lowering Borrowing Costs

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 21, 2025 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it completed a $474.6 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized loan obligation (“CLO”).

    The debt issued in this securitization transaction (the “ Debt”) is structured in the following manner:

    Class Par Amount
    ($ in millions)    		 % of Capital
    Structure    		 Coupon Expected
    Rating
    (S&P)    		 Issuance
    Price
    A-1L-A Loans $ 10,000,000 2.1 % 3 Mo SOFR + 1.49% AAA 100.0 %
    A-1L-B Loans   45,000,000 9.5 % 3 Mo SOFR + 1.49% AAA 100.0 %
    A-1 Notes   220,500,000 46.5 % 3 Mo SOFR + 1.49% AAA 100.0 %
    A-2 Notes   19,000,000 4.0 % 3 Mo SOFR + 1.60% AAA 100.0 %
    B Notes   28,500,000 6.0 % 3 Mo SOFR + 1.75% AA 100.0 %
    C Notes   38,000,000 8.0 % 3 Mo SOFR + 2.20% A 100.0 %
    D Notes   28,500,000 6.0 %          Retained BBB- 100.0 %
    Subordinated Notes   85,100,000 17.9 %   NR NA
    Total $ 474,600,000        
     

    “We are delighted to close on the lowest spread debt financing in PFLT’s 14-year history, which will support the Company’s growth and net investment income. The weighted average spread of 159 basis points on $361 million of financing is a 66-basis point reduction from the bank facility this capital is replacing. We are also thrilled about the continued momentum and positive market recognition that our senior lending strategy has received, which is demonstrative of our industry-leading team as well as the merits of our disciplined and differentiated approach to core middle market credit investing,” said Arthur Penn, Chief Executive Officer. “We are proud to have onboarded several new investors into our securitization liabilities as part of this transaction and now have over 75 unique investors across our securitization platform. With their support, we were able to issue our largest securitization to date while also achieving our lowest cost of capital to date. Together, these attributes will continue to enable and further enhance PFLT’s ability to offer attractive risk-adjusted returns to its investors. With the closing of its eleventh securitization, PennantPark Investment Advisers, LLC currently manages approximately $3.7 billion in CLO assets, and we look forward to continued growth with the support of our current and new investors.”

    PFLT will continue to retain the Class D Notes and the Subordinated Notes. The reinvestment period for the term debt securitization ends no later than April 2029 and the Debt is scheduled to mature in April 2037. The term debt securitization is expected to be approximately 100% funded at close. In addition, the Company acts as retention holder in the transaction to retain exposure to the performance of the securitized assets. GreensLedge Capital Markets LLC acted as lead placement agent on the CLO transaction.

    The notes offered as part of the term debt securitization have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state “blue sky” laws, and may not be offered or sold in the United States absent registration under Section 5 of the Securities Act or an applicable exemption from such registration requirements. The CLO is a form of secured financing incurred and consolidated by the Company. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    ABOUT 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 approximately $9.5 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 Securities Exchange Act of 1934, as amended (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.

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

    Source: PennantPark Floating Rate Capital Ltd.

    The MIL Network –

  • MIL-OSI: Rate Insurance Partners with Spot Pet Insurance to Expand Product Offerings

    Source: GlobeNewswire (MIL-OSI)

    SCHAUMBURG, Ill., Feb. 21, 2025 (GLOBE NEWSWIRE) — Rate Insurance, LLC, one of the fastest-growing national personal lines and small commercial insurance brokers, today announced its partnership with Spot Pet Insurance, a leading pet insurance provider.

    Through this partnership, Rate Insurance customers can quickly get pricing for pet insurance policies and explore Spot Pet’s benefits, including:

    • Save up to 20%: Rate Insurance customers get a 10% discount on all pets, and an additional 10% multi-pet discount*
    • Customizable Coverage: Spot Pet offers flexible pet insurance plans that can be tailored to meet the unique needs of each pet, ensuring you can get comprehensive coverage for accidents, illnesses, and optional preventive care.
    • 24/7 Veterinary Support: Spot Pet’s plans include access to a 24/7 Pet Telehealth Helpline, providing Rate Insurance customers with professional guidance and advice whenever needed.
    • Hassle-Free Claims Process: Spot Pet Insurance is committed to simplifying the claims process, making it easy for Rate Insurance customers to submit and track claims online.

    “At Rate Insurance, we’re continuously looking for ways to provide value and meet the evolving needs of our customers,” said Jeff Wingate, President, Rate Insurance. “Partnering with Spot Pet Insurance allows us to expand our portfolio of offerings with flexible and accessible coverage that supports the health and well-being of pets—a growing priority for families nationwide.”

    This collaboration aligns with the growing trend of pet owners’ continued investment in their pets, including the increased demand for comprehensive pet insurance solutions as a standard insurance product offering.

    To learn more, please visit: https://spotpet.com/partners/rateinsurance?utm_source=rateins&utm_medium=affiliate&pcode=SPOT_RATEINS

    About Rate Insurance
    Rate Insurance is a national insurance brokerage licensed in all 50 states that offers comprehensive personal, commercial, specialty, and life insurance products. Founded in 2008 and owned by Rate, the second-largest retail mortgage lender in the country, Rate Insurance has been recognized as a Top 50 Personal Lines Agency and a Top 100 Property & Casualty Agency in the U.S. Additionally, the company has been honored as the 2023 Agent for the Future, Outstanding Overall Agency Award winner.

    Rate Insurance has built a reputation for exceptional customer service, as demonstrated by its 4.9-star rating from 2.5k+ Google-verified reviews. Combining a growing team of insurance agents and a cutting-edge digital platform, Rate Insurance leverages its relationships with over 100 top-rated insurance carriers to provide customers with competitive rates and a personalized shopping experience. For more information, visit rate.com/insurance.

    About Spot Pet Insurance
    Spot Pet Insurance is a passionate team of pet-health-obsessed pet parents driven by a shared vision to educate, empower, and engage pet lovers about the benefits of pet insurance. They aim to help pet owners access plans that help pay for covered veterinary bills, helping ensure that their dogs and cats can lead healthier, happier lives.

    To learn more about Spot Pet Insurance, please visit spotpet.com.

    *10% strategic partner discount on all pets. 5% in LA, NE, TX, VA, and WA. Not available in FL, HI, MN, TN. Additional 10% multi-pet discount on all pets after the first.

    Insurance plans are underwritten by either Independence American Insurance Company (NAIC #26581. A Delaware insurance company located at 11333 N. Scottsdale Rd, Ste. 160, Scottsdale, AZ 85254) or United States Fire Insurance Company (NAIC #21113. Morristown, NJ), and are produced by Spot Pet Insurance Services, LLC. (NPN # 19246385. 990 Biscayne Blvd Suite 603, Miami, FL 33132. CA License #6000188).

    Media Contact
    For Rate Insurance:
    Rachel Alvarez Campbell
    Rachel.AlvarezCampbell@rateins.com

    The MIL Network –

  • MIL-OSI: MultiCorp International, Inc. Formalizes Agreement to LBO Bitcoin

    Source: GlobeNewswire (MIL-OSI)

    AGOURA HILLS, CALIFORNIA, Feb. 21, 2025 (GLOBE NEWSWIRE) — MultiCorp International, Inc. (OTC Markets PINK: MCIC) and 40 Brightwater LLC are pleased to announce their current discussions to purchase an initial $25,000,000 (twenty-five million USD) in Bitcoin utilizing a leveraged buy-out structure funded through Edwards Capital N.A. LLC’s correspondent bank loan.

    The initial $25,000,000 (twenty-five million USD) Bitcoin to be purchased will become the first of several diversified assets of MultiCorp International, Inc. 

    As previously announced on February 12th, 2025 a $50,000,000 (fifty million USD) collateralized loan from Edwards Capital N.A. LLC’s correspondent bank will be provided to MultiCorp International, Inc. for targeted acquisitions, and ongoing discussions to access more capital through the collateralized loan structure are proceeding.

    About MultiCorp International, Inc.:

    MultiCorp International, Inc., a diversified leader in health, energy and agriculture, announces a series of strategic initiatives aimed at accelerating its growth and expanding its market presence. The company is actively pursuing joint ventures and acquisitions, is fortifying its organizational infrastructure and is preparing for significant advancements in the stock market.

    About Edwards Capital N.A. LLC:

    Edwards Capital is a private Family Office focused on comprehensive, proactive, and robust solutions in the enhancement of private wealth based on robust strategic initiatives in and approaches to specific asset classes and financial markets. The Office is dedicated to pursuing optimal bespoke solutions to achieve the best outcomes with consistent results.

    https://www.edwardscapital.ca/

    About 40 Brightwater LLC:

    40 Brightwater LLC is a private holding company focusing specifically on acquiring private entities and merging its holdings with public companies by leveraging its financial network and resources through its Managing Member, President & CEO Shannon Newby.

    Disclaimer

    This press release does not constitute an offer to sell or solicit an offer to buy, nor will there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under applicable securities laws. Any offer will be made only through a prospectus supplement and accompanying base prospectus as part of an effective registration statement.

    Contact Information:  J. A. Coleman,  J.a.coleman1512@gmail.com

    The MIL Network –

  • MIL-OSI: Immunefi Launches the Magnus Platform to Protect the Next Trillion Dollars Moving Onchain

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Feb. 21, 2025 (GLOBE NEWSWIRE) —

    • Onchain security today is fragmented, inefficient, and dangerously reliant on manual workflows. As capital flows into a rapidly expanding web of protocols, the complexity of securing the ecosystem grows—exposing projects to immeasurable risk and inevitable large-scale breaches. Without a fundamental shift in how security is managed, the next trillion dollars won’t move onchain.
    • Immunefi is solving this problem by launching Magnus, a unified security platform that integrates all essential tools in the onchain security stack in a single command center, unifying threat intelligence and automating SecOps using AI agents across CI/CD pipeline security, vulnerability scanning, audits, bug bounties, onchain monitoring, and firewalls.
    • Magnus will be powered by Immunefi’s own products and the best providers in each product and service category, a proprietary agentic security workflow automation engine, and threat intelligence built upon the largest onchain vulnerability dataset available today. 

    Immunefi, the leader in onchain crowdsecurity protecting over $190 billion in assets, launches Magnus, an AI-powered security orchestration platform that unifies and automates security operations across a protocol’s security stack for maximum protection.

    Onchain security is fragmented and inefficient, relying on manual workflows that struggle to keep up with the relentless pace of threats the ecosystem faces 24/7. This scenario will only get worse as liquidity spreads across a growing number of protocols and the complexity of securing the ecosystem compounds. This leaves the ecosystem vulnerable to a future where major breaches remain inevitable, hindering the adoption and growth of the onchain economy.

    The lack of trust that digital assets are fully secure remains one of the biggest obstacles to TradFi investment in the onchain economy, even as interest continues to grow. While Decentralized Finance (DeFi) has surpassed $124 billion in total value locked (TVL), the industry is still plagued by catastrophic hacks. If security remains fragmented, the next trillion dollars in finance won’t move onchain. The only way to address this and mitigate threats at scale is by unifying security into a single platform that enables protocols to access, automate, and coordinate best-in-class security tools. 

    Immunefi leverages years of experience securing over $190B in assets across a network of 500+ projects to launch Magnus, an AI-powered security platform that unifies threat intelligence and automates security workflows across the best tools in the onchain security stack. Immunefi has integrated its pioneering bug bounty products and audit competitions into Magnus and is partnering with top-tier security researchers, auditors, service providers, and tooling companies to provide a comprehensive security platform. 

    • Unified Security Toolstack: A seamlessly integrated suite of best-in-class security solutions, including CI/CD pipeline security, vulnerability scanning, audits, bug bounty programs, audit competitions, Safe Harbor, onchain monitoring, and a firewall, ensuring protocols can detect and mitigate threats at every stage.
    • Security Swarm: An automation engine that orchestrates task-specific AI agents, enabling instant threat response and drastically reducing manual workloads. As more tools are added to Magnus, Security Swarm will become more autonomous in managing security and ensuring the safety of funds.
    • CODEX: The industry’s largest and most comprehensive onchain vulnerability dataset, proprietary to Immunefi—built from processing over 90% of all industry reports and additional materials related to onchain bug bounties. CODEX powers AI security models, allowing protocols to train and refine AI agents for onchain security applications, advanced threat detection, and defense.

    “Security must evolve as fast as the onchain economy itself, or the industry will remain trapped in a cycle of catastrophic breaches,” said Mitchell Amador, Founder and CEO of Immunefi. “Magnus marks the first time security in web3 is being addressed as a cohesive, integrated, and efficient system rather than a patchwork of tools. We’re transforming the way the security industry works altogether and equipping protocol teams with the ability to anticipate, prevent, and respond to threats at unprecedented speed and scale. All from a single platform, with technology that will continue to evolve alongside the industry and its projects.”

    Due to its foundational position in the web3 security industry, Immunefi has established partnerships with top-tier security providers such as Nexus Mutual, Halborn, Sigma Prime, and Asymmetric Research, amongst others. Immunefi has already secured interest from a number of top tier security service and tooling providers to integrate with Magnus that will be announced soon.

    About Immunefi
    Immunefi is the leading crowdsourced security platform for Web3. It guards over $190 billion in user funds and is trusted by 370+ projects, including Ethereum Foundation, Lido, Sky, Polymarket, Optimism, LayerZero, Hyperlane, and Stacks. The company has paid out the most significant bug bounties in the software industry, amounting to over $112 million, and has pioneered the scaling Web3 bug bounties standard. For more information, please visit https://immunefi.com

    The MIL Network –

  • MIL-OSI: STEALTHGAS INC. Reports Fourth Quarter and Twelve Months 2024 Financial and Operating Results

    Source: GlobeNewswire (MIL-OSI)

    ATHENS, Greece, Feb. 21, 2025 (GLOBE NEWSWIRE) — STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2024.

    OPERATIONAL AND FINANCIAL HIGHLIGHTS

    • All-time record Net Income of $69.9 million for the twelve month period of 2024, a 34.7% increase compared to the same period last year. Strong profitability continued for the fourth quarter, with Net income of $14.2 million corresponding to a basic EPS of $0.38.
    • Revenues increased by 27.3% compared to the same period of last year to $43.5 million for the fourth quarter of 2024.
    • Further increased period coverage. About 70% of fleet days for 2025 are secured on period charters, with total fleet employment days for all subsequent periods generating over $200 million (excl. JV vessels) in contracted revenues.
    • Continued reducing leverage, making $108.2 million in debt repayments during the twelve month period of 2024 and $34.4 million in the current quarter of 2025. Currently, 26 out of 28 vessels in the fully owned fleet are unencumbered.
    • Maintaining ample cash and cash equivalents (incl. restricted cash) of $84.5 million as of December 31, 2024 enabling the Company to further reduce debt.

    Fourth Quarter 2024 Results1:

    • Revenues for the three months ended December 31, 2024 amounted to $43.5 million compared to revenues of $34.1 million for the three months ended December 31, 2023, based on an average of 27.6 vessels and 27.0 vessels owned by the Company, respectively, as the vessels remaining in the fleet earned higher revenues due to better market conditions.
    • Voyage expenses and vessels’ operating expenses for the three months ended December 31, 2024 were $3.2 million and $13.6 million, respectively, compared to $3.3 million and $12.9 million, respectively, for the three months ended December 31, 2023. The $0.7 million increase in vessels’ operating expenses was mainly due to increase in crew costs and maintenance expenses, while the voyage expenses remained stable between 2024 and 2023.
    • Drydocking costs for the three months ended December 31, 2024 and 2023 were $1.9 million and $0.03 million, respectively. Drydocking expenses during the fourth quarter of 2024 mainly relate to the completed drydocking of three vessels, compared to no drydocking of vessels in the same period of last year.
    • General and administrative expenses for the three months ended December 31, 2024 and 2023 were $3.0 million and $1.7 million, respectively. The change is mainly attributed to the increase in stock-based compensation expense.
    • Depreciation for the three months ended December 31, 2024 and 2023 was $6.6 million and $5.6 million, respectively, a $1.0 million increase is mainly related to the increase in average number of vessels owned by the Company and to the partial replacement of some of the older vessels with newer and larger ones which have a higher cost.
    • Interest and finance costs for the three months ended December 31, 2024 and 2023, were $1.4 million and $2.3 million, respectively. The $0.9 million decrease from the same period of last year is primarily due to continued debt prepayments.
    • Interest income for the three months ended December 31, 2024 and 2023, were $1.1 million and $1.0 million, respectively.
    • Equity earnings in joint ventures for the three months ended December 31, 2024 and 2023 was a gain of $0.5 million and $0.9 million, respectively. The $0.4 million decrease was primarily due to decrease in number of vessels in joint ventures.
    • As a result of the above, for the three months ended December 31, 2024, the Company reported net income of $14.2 million, compared to net income of $8.9 million for the three months ended December 31, 2023. The weighted average number of shares outstanding, basic, for the three months ended December 31, 2024 and 2023 was 35.3 million and 35.3 million, respectively.
    • Earnings per share, basic, for the three months ended December 31, 2024 amounted to $0.38 compared to earnings per share, basic, of $0.25 for the same period of last year.
    • Adjusted net income was $16.4 million corresponding to an Adjusted EPS, basic, of $0.44 for the three months ended December 31, 2024 compared to Adjusted net income of $10.3 million corresponding to an Adjusted EPS, basic, of $0.29 for the same period of last year.
    • EBITDA for the three months ended December 31, 2024 amounted to $21.2 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.
    • An average of 27.6 vessels were owned by the Company during the three months ended December 31, 2024 compared to 27.0 vessels for the same period of 2023.

    Twelve months 2024 Results:

    • Revenues for the twelve months ended December 31, 2024, amounted to $167.3 million, an increase of $23.8 million, or 16.6%, compared to revenues of $143.5 million for the twelve months ended December 31, 2023, as the vessels remaining in the fleet earned higher revenues due to better market conditions.
    • Voyage expenses and vessels’ operating expenses for the twelve months ended December 31, 2024 were $11.7 million and $49.8 million, respectively, compared to $13.2 million and $53.1 million for the twelve months ended December 31, 2023. The $1.5 million decrease in voyage expenses was mainly due to the decrease in spot days, while the $3.3 million decrease in vessels’ operating expenses was mainly due to the decrease in the average number of owned vessels in our fleet.
    • Drydocking costs for the twelve months ended December 31, 2024 and 2023 were $5.3 million and $2.6 million, respectively. The costs for the twelve months ended December 31, 2024 mainly related to the completed drydocking of seven vessels, while the costs for the same period of last year mainly related to the completed drydocking of three of the larger handysize vessels.
    • General and administrative expenses for the twelve months ended December 31, 2024 and 2023 were $10.3 million and $5.3 million, respectively. The change is mainly attributed to the increase in stock-based compensation expense.
    • Depreciation for the twelve months ended December 31, 2024, was $26.1 million, a $2.4 million increase from $23.7 million for the same period of last year, as the Company partly replaced some of the older vessels with newer and larger vessels which have a higher cost.
    • Impairment loss for the twelve months ended December 31, 2024 and 2023 was nil and $2.8 million, respectively. The impairment loss for the year ended December 31, 2023, related to two vessels for which the Company had entered into separate agreements to sell to third parties.
    • Gain on sale of vessels for the twelve months ended December 31, 2024 was $0.05 million compared to $7.6 million for the same period last year. The decrease is attributed to the sale of four of the Company’s vessels during the twelve months ended December 31, 2023 compared to the sale of two vessels during the twelve months ended December 31, 2024, which had been classified as held for sale as of December 31, 2023.
    • Interest and finance costs for the twelve months ended December 31, 2024 and 2023 were $9.1 million and $10.0 million, respectively. The $0.9 million decrease from last year is primarily due to continued debt prepayments.
    • Interest income for the twelve months ended December 31, 2024 and 2023 was $3.4 million and $3.7 million, respectively. The $0.3 million decrease is mainly attributed to decrease in interest rates and over the corresponding period.
    • Equity earnings in joint ventures for the twelve months ended December 31, 2024 and 2023 was a gain of $15.6 million and a gain of $12.3 million, respectively. The $3.3 million increase from the same period of last year is mainly due to a profitable sale of one of the Medium Gas carriers owned by one of our joint ventures.
    • As a result of the above, the Company reported a net income for the twelve months ended December 31, 2024 of $69.9 million, compared to a net income of $51.9 million for the twelve months ended December 31, 2023. The weighted average number of shares outstanding, basic, for the twelve months ended December 31, 2024 and 2023 was 35.2 million and 37.2 million, respectively.
    • Earnings per share, basic, for the twelve months ended December 31, 2024 amounted to $1.91 compared to earnings per share, basic, of $1.38 for the same period of last year.
    • Adjusted net income was $77.3 million, corresponding to an Adjusted EPS, basic, of $2.11 per share, for the twelve months ended December 31, 2024 compared to adjusted net income of $50.5 million, or $1.34 per share, for the same period of last year.
    • EBITDA for the twelve months ended December 31, 2024 amounted to $101.6 million. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.
    • An average of 27.2 vessels were owned by the Company during the twelve months ended December 31, 2024, compared to 29.3 vessels for the same period of 2023.

      As of December 31, 2024, cash and cash equivalents (including restricted cash) amounted to $84.5 million and total debt amounted to $84.9 million.

      1  EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release.

    Fleet Update Since Previous Announcement

    The Company announced the conclusion of the following chartering arrangements (of three or more months duration):  

    • A twelve months time charter for its 2024 built LPG carrier Eco Wizard, until Dec 2025.
    • A twelve months time charter for its 2020 built LPG carrier Eco Alice, until Feb 2026.
    • A twelve months time charter for the JV-owned 2007 built LPG carrier Gas Haralambos, until Dec 2025.
    • A three months time charter for the 2012 built LPG carrier Gas Husky, until April 2025.

    As of February 2025, the Company has total contracted revenues of approximately $200 million.

    As of February 2025, the Company has circa 70% of fleet days secured under period contracts and contracted revenues of approximately $107 million for the remainder of the year.

    On January 21, 2025, the previously announced sale of the Gas Shuriken was concluded and the vessel was delivered to its new owners.

    Share Repurchase Program Increase

    Today the Board of Directors authorized a $5 million increase to the existing $25 million common stock repurchase program for a total aggregate amount of $30 million. Shares of common stock may be purchased, from time to time, in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time. As of the date hereof, the Company has repurchased an aggregate of approximately $19.4 million.

    CEO Harry Vafias Commented

    It is with great pride that we announce today for the third consecutive year record annual profits. After a successful fourth quarter we concluded 2024 reporting net income of $70 million for the year, a 35% increase, far outpacing the underlying market improvement for our vessels. We are delivering on our strategic priorities, modernizing the fleet, securing revenues and de-risking the business, aiming to bring strong value to StealthGas shareholders. We can now say we are net debt free, after having further reduced our debt in the current quarter. We are close to completing our deleverage that will bring a long term advantage to the fleet and the Company is in a solid footing. As successful as we have been we are established in the shipping markets long enough not to forget that we operate in a volatile sector where fortunes can be made and lost quite rapidly. We are optimistic for the future albeit evermore cautiously not least because the current global geopolitics that can have a strong influence on shipping markets are for the time being quite opaque with too many developing situations. Finally, in order to give further value back to our shareholders, we are renewing our share repurchases and increasing up to $10.5 million the amount available to us for this task.

     Conference Call details:

    On February 21, 2025 at 10:00 am ET, the company’s management will host a conference call to discuss the results and the company’s operations and outlook.

    Conference call participants should pre-register using the below link to receive the dial-in numbers and a personal PIN, which are required to access the conference call.

    https://register.vevent.com/register/BIa607c71e1abf4ac08816dfc43bd8d733

    Slides and audio webcast:
    There will also be a live and then archived webcast of the conference call, through the STEALTHGAS INC. website (www.stealthgas.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

    About STEALTHGAS INC.

    StealthGas Inc. is a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry. StealthGas Inc. has a fleet of 31 LPG carriers, including three Joint Venture vessels in the water. These LPG vessels have a total capacity of 349,170 cubic meters (cbm). StealthGas Inc.’s shares are listed on the Nasdaq Global Select Market and trade under the symbol “GASS.”

    Visit our website at www.stealthgas.com

    Forward-Looking Statements

    Matters discussed in this release may constitute forward-looking statements. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although STEALTHGAS INC. believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, STEALTHGAS INC. cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including changes in charter hire rates and vessel values, charter counterparty performance, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydockings, shipyard performance, changes in STEALTHGAS INC’s operating expenses, including bunker prices, drydocking and insurance costs, ability to obtain financing and comply with covenants in our financing arrangements, actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, the conflict in Ukraine and related sanctions, the conflict in Israel and Gaza, potential disruption of shipping routes due to ongoing attacks by Houthis in the Red Sea and Gulf of Aden or  accidents and political events or acts by terrorists.

    Risks and uncertainties are further described in reports filed by STEALTHGAS INC. with the U.S. Securities and Exchange Commission.

    Fleet List        
    For information on our fleet and further information:
    Visit our website at www.stealthgas.com

    Fleet Data:
    The following key indicators highlight the Company’s operating performance during the periods ended December 31, 2023 and 2024.

    FLEET DATA Q4 2023   Q4 2024   12M 2023   12M 2024  
    Average number of vessels (1) 27.0   27.6   29.3   27.2  
    Period end number of owned vessels in fleet 27   28   27   28  
    Total calendar days for fleet (2) 2,484   2,542   10,698   9,944  
    Total voyage days for fleet (3) 2,441   2,446   10,566   9,677  
    Fleet utilization (4) 98.3 % 96.2 % 98.8 % 97.3 %
    Total charter days for fleet (5) 2,207   2,265   9,544   8,930  
    Total spot market days for fleet (6) 234   181   1,022   747  
    Fleet operational utilization (7) 96.8 % 95.0 % 96.6 % 95.4 %
                     

    1) Average number of vessels is the number of owned vessels that constituted our fleet for the relevant period, as measured by the sum of the number of days each vessel was a part of our fleet during the period divided by the number of calendar days in that period.
    2) Total calendar days for fleet are the total days the vessels we operated were in our possession for the relevant period including off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    3) Total voyage days for fleet reflect the total days the vessels we operated were in our possession for the relevant period net of off-hire days associated with major repairs, drydockings or special or intermediate surveys.
    4) Fleet utilization is the percentage of time that our vessels were available for revenue generating voyage days, and is determined by dividing voyage days by fleet calendar days for the relevant period.
    5) Total charter days for fleet are the number of voyage days the vessels operated on time or bareboat charters for the relevant period.
    6) Total spot market charter days for fleet are the number of voyage days the vessels operated on spot market charters for the relevant period.
    7) Fleet operational utilization is the percentage of time that our vessels generated revenue, and is determined by dividing voyage days excluding commercially idle days by fleet calendar days for the relevant period.

    Reconciliation of Adjusted Net Income, EBITDA, adjusted EBITDA and adjusted EPS:

    Adjusted net income represents net income before loss/gain on derivatives excluding swap interest paid/received, impairment loss, net gain/loss on sale of vessels and share based compensation. EBITDA represents net income before interest and finance costs, interest income and depreciation. Adjusted EBITDA represents net income before interest and finance costs, interest income, depreciation, impairment loss, net gain/loss on sale of vessels, share based compensation and loss/gain on derivatives.

    Adjusted EPS represents Adjusted net income divided by the weighted average number of shares.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are included herein because they are a basis, upon which we and our investors assess our financial performance. They allow us to present our performance from period to period on a comparable basis and provide investors with a means of better evaluating and understanding our operating performance.

    EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS are not recognized measurements under U.S. GAAP. Our calculation of EBITDA, adjusted EBITDA, adjusted net income and adjusted EPS may not be comparable to that reported by other companies in the shipping or other industries. In evaluating Adjusted EBITDA, Adjusted net income and Adjusted EPS, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation.

    (Expressed in United States Dollars,
    except number of shares)    		 Fourth Quarter Ended
    December 31st,    		 Twelve months Periods
    Ended December 31st,
      2023 2024 2023 2024
    Net Income – Adjusted Net Income        
    Net income 8,889,046   14,198,527   51,936,829   69,862,177  
    Plus/(Less) loss/(gain) on derivatives 255,736   —   (237,618 ) (99,286 )
    (Less)/Plus swap interest (paid)/received 216,432   —   1,027,127   208,127  
    (Less)/Plus (gain)/loss on sale of vessels, net —   —   (7,645,781 ) (46,384 )
    Plus impairment loss —   —   2,816,873   —  
    Plus share based compensation 940,216   2,206,295   2,589,405   7,326,807  
    Adjusted Net Income 10,301,430   16,404,822   50,486,835   77,251,441  
             
    Net income – EBITDA        
    Net income 8,889,046   14,198,527   51,936,829   69,862,177  
    Plus interest and finance costs 2,344,430   1,425,886   9,956,712   9,062,562  
    Less interest income (952,287 ) (1,052,786 ) (3,712,239 ) (3,416,221 )
    Plus depreciation 5,565,955   6,598,549   23,707,797   26,076,687  
    EBITDA 15,847,144   21,170,176   81,889,099   101,585,205  
             
    Net income – Adjusted EBITDA        
    Net income 8,889,046   14,198,527   51,936,829   69,862,177  
    Plus/(Less) loss/(gain) on derivatives 255,736   —   (237,618 ) (99,286 )
    (Less)/Plus (gain)/loss on sale of vessels, net —   —   (7,645,781 ) (46,384 )
    Plus impairment loss —   —   2,816,873   —  
    Plus share based compensation 940,216   2,206,295   2,589,405   7,326,807  
    Plus interest and finance costs 2,344,430   1,425,886   9,956,712   9,062,562  
    Less interest income (952,287 ) (1,052,786 ) (3,712,239 ) (3,416,221 )
    Plus depreciation 5,565,955   6,598,549   23,707,797   26,076,687  
    Adjusted EBITDA 17,043,096   23,376,471   79,411,978   108,766,342  
             
    EPS – Adjusted EPS        
    Net income 8,889,046   14,198,527   51,936,829   69,862,177  
    Adjusted net income 10,301,430   16,404,822   50,486,835   77,251,441  
    Weighted average number of shares, basic 35,300,965   35,345,251   37,166,449   35,237,059  
    EPS – Basic 0.25   0.38   1.38   1.91  
    Adjusted EPS – Basic 0.29   0.44   1.34   2.11  
     
    StealthGas Inc.
    Unaudited Condensed Consolidated Statements of Income
    (Expressed in United States Dollars, except for number of shares)
      Quarters Ended
    December 31,    		   Twelve month Periods Ended
    December 31,
      2023   2024   2023   2024
               
    Revenues              
    Revenues 34,139,248     43,467,117     143,527,769     167,262,185  
                   
    Expenses              
    Voyage expenses 2,878,732     2,679,927     11,429,716     9,594,880  
    Voyage expenses – related party 426,108     535,991     1,779,488     2,063,228  
    Vessels’ operating expenses 12,690,873     13,404,725     52,206,248     48,961,137  
    Vessels’ operating expenses – related party 207,500     212,500     911,250     875,002  
    Drydocking costs 27,696     1,855,672     2,641,706     5,312,614  
    Management fees – related party 1,048,800     1,089,040     4,531,920     4,258,240  
    General and administrative expenses 1,657,671     3,010,733     5,331,029     10,309,693  
    Depreciation 5,565,955     6,598,549     23,707,797     26,076,687  
    Impairment loss —     —     2,816,873     —  
    Net gain on sale of vessels —     —     (7,645,781 )   (46,384 )
    Total expenses 24,503,335     29,387,137     97,710,246     107,405,097  
                   
    Income from operations 9,635,913     14,079,980     45,817,523     59,857,088  
                   
    Other (expenses)/income              
    Interest and finance costs (2,344,430 )   (1,425,886 )   (9,956,712 )   (9,062,562 )
    (Loss)/gain on derivatives (255,736 )   —     237,618     99,286  
    Interest income 952,287     1,052,786     3,712,239     3,416,221  
    Foreign exchange (loss)/gain (27,829 )   25,598     (190,722 )   (70,692 )
    Other expenses, net (1,675,708 )   (347,502 )   (6,197,577 )   (5,617,747 )
                   
    Income before equity in earnings of investees 7,960,205     13,732,478     39,619,946     54,239,341  
    Equity earnings in joint ventures 928,841     466,049     12,316,883     15,622,836  
    Net Income 8,889,046     14,198,527     51,936,829     69,862,177  
                   
    Earnings per share              
    – Basic 0.25     0.38     1.38     1.91  
    – Diluted 0.25     0.38     1.37     1.90  
                   
    Weighted average number of shares              
    – Basic 35,300,965     35,345,251     37,166,449     35,237,059  
    – Diluted 35,430,883     35,409,350     37,236,951     35,333,160  
     
    StealthGas Inc.
    Unaudited Condensed Consolidated Balance Sheets
    (Expressed in United States Dollars)
      December 31,   December 31,  
      2023   2024  
             
    Assets        
    Current assets        
    Cash and cash equivalents 77,202,843     80,653,398  
    Trade and other receivables 4,506,741     6,156,300  
    Other current assets 130,589     193,265  
    Claims receivable 55,475     55,475  
    Inventories 1,979,683     3,891,147  
    Advances and prepayments 1,409,418     733,190  
    Restricted cash 659,137     —  
    Assets held for sale 34,879,925     —  
    Fair value of derivatives —     387,630  
    Total current assets 120,823,811     92,070,405  
             
    Non current assets        
    Advances for vessel acquisitions 23,414,570     —  
    Operating lease right-of-use assets 99,379     —  
    Vessels, net 504,295,083     608,214,416  
    Other receivables 48,040     370,053  
    Restricted cash 5,893,721     3,867,752  
    Investments in joint ventures 39,671,603     27,717,238  
    Deferred finance charges 1,105,790     —  
    Fair value of derivatives 1,858,677     —  
    Total non current assets 576,386,863     640,169,459  
    Total assets 697,210,674     732,239,864  
             
    Liabilities and Stockholders’ Equity        
    Current liabilities        
    Payable to related parties 955,567     388,130  
    Trade accounts payable 9,953,137     10,994,434  
    Accrued liabilities 5,681,144     4,922,587  
    Operating lease liabilities 71,173     —  
    Deferred income 5,386,126     4,304,667  
    Current portion of long-term debt 16,624,473     23,333,814  
    Total current liabilities 38,671,620     43,943,632  
             
    Non current liabilities        
    Operating lease liabilities 28,206     —  
    Deferred income 1,928,712     213,563  
    Long-term debt 106,918,176     61,555,855  
    Total non current liabilities 108,875,094     61,769,418  
    Total liabilities 147,546,713     105,713,050  
             
    Commitments and contingencies        
             
    Stockholders’ equity        
    Capital stock 453,434     370,414  
    Treasury stock (44,453,836 )   —  
    Additional paid-in capital 446,938,868     409,912,934  
    Retained earnings 145,993,681     215,855,858  
    Accumulated other comprehensive income 731,814     387,608  
    Total stockholders’ equity 549,663,961     626,526,814  
    Total liabilities and stockholders’ equity 697,210,674     732,239,864  
     
    StealthGas Inc.
    Unaudited Condensed Consolidated Statements of Cash Flows
    (Expressed in United States Dollars)
     
      Twelve month Periods Ended
    December 31,
      2023   2024
       
    Cash flows from operating activities      
    Net income for the year 51,936,829     69,862,177  
           
    Adjustments to reconcile net income to net cash      
    provided by operating activities:      
    Depreciation 23,707,797     26,076,687  
    Amortization of deferred finance charges 1,345,941     711,378  
    Amortization of operating lease right-of-use assets 99,379     99,379  
    Share based compensation 2,589,405     7,326,807  
    Change in fair value of derivatives 789,509     108,841  
    Proceeds from disposal of interest rate swaps —     1,018,000  
    Equity earnings in joint ventures (12,316,883 )   (15,622,836 )
    Dividends received from joint ventures 14,589,215     20,570,036  
    Impairment loss 2,816,873     —  
    Gain on sale of vessels (7,645,781 )   (46,384 )
    Changes in operating assets and liabilities:      
    (Increase)/decrease in      
    Trade and other receivables 238,627     (1,971,610 )
    Other current assets 139,925     (62,676 )
    Inventories 1,365,189     (1,664,736 )
    Changes in operating lease liabilities (99,379 )   (99,379 )
    Advances and prepayments (728,005 )   676,228  
    Increase/(decrease) in      
    Balances with related parties (1,532,943 )   (555,589 )
    Trade accounts payable (1,813,377 )   628,898  
    Accrued liabilities (100,515 )   (758,558 )
    Deferred income 2,058,409     (2,796,608 )
    Net cash provided by operating activities 77,440,215     103,500,055  
           
    Cash flows from investing activities      
    Insurance proceeds 126,666     —  
    Proceeds from sale of vessels, net 80,109,781     34,679,584  
    Acquisition and improvements of vessels (85,201 )   (106,169,013 )
    Maturity of short term investments 26,500,000     —  
    Return of investments from joint ventures 4,688,785     7,007,164  
    Net cash provided by/(used in) investing activities 111,340,031     (64,482,265 )
           
    Cash flows from financing activities      
    Proceeds from exercise of stock options 747,500     356,250  
    Stock repurchase (19,080,455 )   (338,176 )
    Deferred finance charges paid (988,166 )   (22,167 )
    Advances from joint ventures 11,847     —  
    Advances to joint ventures —     (11,847 )
    Loan repayments (154,870,215 )   (108,236,401 )
    Proceeds from long-term debt —     70,000,000  
    Net cash used in financing activities (174,179,489 )   (38,252,341 )
           
    Net increase in cash, cash equivalents and restricted cash 14,600,757     765,449  
    Cash, cash equivalents and restricted cash at beginning of period 69,154,944     83,755,701  
    Cash, cash equivalents and restricted cash at end of year 83,755,701     84,521,150  
    Cash breakdown      
    Cash and cash equivalents 77,202,843     80,653,398  
    Restricted cash, current 659,137     —  
    Restricted cash, non current 5,893,721     3,867,752  
    Total cash, cash equivalents and restricted cash shown in the statements of cash flows 83,755,701     84,521,150  

    The MIL Network –

  • MIL-OSI: SADA Recognized as a 2025 Google Public Sector AI and ML, Data Analytics, Maps & Geospatial, Security, and Work Transformation Expertise Partner

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., Feb. 21, 2025 (GLOBE NEWSWIRE) — SADA, An Insight company, a leading services and solutions Google Cloud consultancy driving transformative change for its customers, has received five Google Public Sector Partner Expertise Badges in Artificial Intelligence and Machine Learning (AI and ML), Data Analytics, Maps & Geospatial, Security, and Work Transformation.

    In 2024, SADA achieved significant milestones in these badge areas, demonstrating its commitment to driving impactful results for public sector organizations. These accomplishments include helping state governments centralize and modernize online services with cloud-native applications, enhancing digital infrastructure for executive offices, optimizing government technology ecosystems, and supporting cutting-edge research capabilities.

    Notably, SADA helped the Chicopee Police Department (CPD) to modernize its operations and enhance public safety. By implementing Google Workspace, SADA helped CPD reduce paperwork, achieve 100% compliance with CJIS standards, streamline communication, and enable real-time alerts, ultimately freeing up officers to focus on core policing activities and better serve their community. This success story highlights SADA’s ability to use Google Cloud’s technology to help drive meaningful change in the public sector.

    SADA is being recognized for its proven delivery capabilities within these five solution areas across Google Public Sector. These achievements underscore SADA’s commitment to helping public sector organizations modernize their operations, enhance citizen services, improve their security posture, and transform how they work. SADA’s expertise in these key areas translates to tangible benefits for organizations, including:

    • AI/ML: SADA can help agencies leverage AI/ML to improve decision-making, automate processes, and personalize citizen experiences. Examples include predictive analytics for resource allocation, AI-powered chatbots for citizen inquiries, and machine learning models for fraud detection.
    • Data Analytics: SADA empowers public sector organizations to unlock the power of their data with advanced analytics solutions. This includes data warehousing, business intelligence, and data visualization, enabling agencies to gain valuable insights, improve operational efficiency, and make data-driven decisions.
    • Maps & Geospatial: SADA’s geospatial expertise enables agencies to leverage location data for enhanced planning, improved emergency response, and better management of critical infrastructure. SADA serves organizations with Google Maps solutions. Its teams have foundational technical knowledge in Maps APIs, providing services to organizations needing support in analyzing spatial data and developing location-based services.
    • Security: SADA helps public sector organizations strengthen their security posture with comprehensive solutions that protect sensitive data, prevent cyberattacks, and ensure compliance with regulatory requirements. These solutions include security assessments, vulnerability management, and incident response planning.
    • Work Transformation: SADA enables public sector agencies to modernize their workplaces and improve employee productivity with Google Workspace solutions. This includes streamlining communication and collaboration and automating workflows.

    “These Google Public Sector Partner Expertise badges validate our team’s dedication to providing cutting-edge solutions that address the unique challenges faced by public sector organizations and the meaningful outcomes we’re helping drive for those organizations who are committed to serving their constituents,” said Michelle Ambrose, SVP Strategic Partnerships and International GTM at SADA.

    SADA will share how it has helped the Wisconsin Department of Workforce Development spearhead a groundbreaking digital transformation to enhance services for employers and job seekers in an upcoming session at Google Cloud Next, which will take place April 9-11 in Las Vegas, NV. To learn more and register for the event, visit sada.com/next.

    About SADA, An Insight company
    SADA, An Insight company, is a market leader in professional services and an award-winning solutions provider of Google Cloud. Since 2000, SADA has been committed to helping customers in healthcare, media, entertainment, retail, manufacturing, and the public sector solve their most complex challenges so they can focus on achieving their boldest ambitions. With offices in North America, India, and Armenia providing sales and customer support teams, SADA is positioned to meet customers where they are in their digital transformation journey. SADA is a 7x Google Cloud Partner of the Year award winner with 11 Google Cloud Specializations and was recognized as a Niche Player in the 2023 Gartner® Magic Quadrant™ for Public Cloud IT Transformation Services. Learn more at www.sada.com.

    Media Contact
    Stephanie Krivacek
    press@sada.com

    The MIL Network –

  • MIL-OSI: Middlefield Canadian Income PCC – Withdrawal of General Meeting Requisition

    Source: GlobeNewswire (MIL-OSI)

    21 February 2025

    Middlefield Canadian Income PCC (the “Company”)
    including Middlefield Canadian Income – GBP PC (the “Fund”), a cell of the Company
    Registered No:  93546
    Legal Entity Identifier: 2138007ENW3JEJXC8658

    Withdrawal of General Meeting Requisition

    As announced on 13 February 2025, Middlefield Canadian Income PCC (the “Company”) and Middlefield Canadian Income – GBP PC (the “Fund”) received a letter from a nominee account acting on behalf of the custodian and prime broker for Saba Capital Management, L.P. (“Saba”) requisitioning the Board of the Company and Fund (the “Board”) to convene a general meeting of shareholders (the “Requisition”).

    Since the receipt of the Requisition, the Board has consulted with a number of the Company’s largest shareholders, including Saba. Following constructive discussions, Saba has agreed to withdraw the Requisition for a period of 60 days to enable the Company and its advisers to formulate proposals that are in the best interests of all shareholders.

    The Board will provide a further update in due course.

    For further information, please contact:

    Middlefield Canadian Income – GBP PC                                        via Investec Bank plc
    Michael Phair (Chairman)

    Investec Bank plc                                                                             020 7597 4000
    Corporate Broker
    Helen Goldsmith/David Yovichic
                                                                    

    JTC Fund Solutions (Jersey) Limited                                             01534 700 000
    Secretary
    Matt Tostevin/Hilary Jones/Jade Livesey
                                                                    

    Burson Buchanan                                                                             020 7466 5000
    PR Advisers
    Charles Ryland/Henry Wilson

    The MIL Network –

  • MIL-OSI: American Rebel Holdings, Inc. (NASDAQ: AREB) CEO Andy Ross Promotes the American Dream and Patriotic Products on NBC KSHB 41 Kansas City Morning Show KC Spotlight

    Source: GlobeNewswire (MIL-OSI)

    Nashville, TN, Feb. 21, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Light Beer (americanrebelbeer.com), and a designer, manufacturer, and marketer of branded safes and personal security and self-defense products (americanrebel.com), proudly announces that CEO Andy Ross will appear on the local NBC television affiliate, KSHB 41, in his home state, promoting the values of the American Dream and the Company’s patriotic products.

    Hometown “American Rebel” Andy Ross appears on Kansas City NBC affiliate KSHB 41

    NBC affiliate KSHB 41 (KSHB 41 Kansas City: News, Weather, Chiefs, Traffic and Sports), home of the Kansas City Chiefs and known for its award winning news, is owned by the E.W. Scripps Company and is the Kansas City market’s fastest growing news outlet. The segment featuring American Rebel Andy Ross is schedule to air Friday, February 20, 2025, at some point during the 11 am Central hour-long broadcast.

    “We believe in the American Dream, and our products reflect the values and pride that come with it,” said Andy Ross – CEO American Rebel Holdings, Inc. “I’m thrilled to share our story on KSHB 41, the home of my favorite team, the Kansas City Chiefs, and with the people of Kansas. I’ve spent my time in Kansas City visiting key accounts to ensure that American Rebel Light Beer is readily available to those who appreciate quality and patriotism.”

    American Rebel Holdings, Inc. Focuses on Media Exposure to Expand America’s Patriotic Beer in New Markets

    A key strategic focus at American Rebel is to continually share America’s Patriotic Brand Story as told by our CEO – Andy Ross. To truly expand America’s Patriotic Brand, we needed to have a product that reaches the masses and is consumable. American Rebel Beer has always been at the top of the list and due to current events and opportunities that have opened up in the market, American Rebel is well positioned to continue to expand into new markets that allow our consumers to enjoy America’s Patriotic Beer (americanrebelbeer.com).

    The American Rebel Brand Story is all about chasing the American Dream as a NASDAQ company

    “I have been blessed to turn my passions into success. On my show, Maximum Archery World Tour, I bowhunted the world for 10 years on outdoor TV. By incorporating my music into the show, and with the emergence of digital music distribution, I had a springboard to develop a great music career. In 2015 a decision was made to build a brand around my song ‘American Rebel,’ and America’s Patriotic Brand was born. In February 2022, we became a publicly traded company on NASDAQ, symbol: AREB.” – Andy Ross, CEO American Rebel Holdings

    American Rebel Light Beer positioned for success throughout Kansas and the Kansas City Area

    During his appearance, Mr. Ross passionately discussed the inspiration behind American Rebel Light Beer, a premium light lager that embodies the spirit of America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer. He also highlighted Champion Safe Co., a wholly-owned subsidiary of American Rebel Holdings known for its American-made safes designed to protect what matters most to American families. Champion Safe Co. manufactures Champion, Superior and American Rebel branded safes.

    In addition to his media appearance, Mr. Ross has been actively focusing on expanding American Rebel Beer’s presence in the eastern Kansas area. With the support of distribution partner Standard Beverage, the Company is strategically targeting key accounts to enhance both on-premise and off-premise locations. This effort is part of a larger initiative to bring American Rebel’s exceptional products to a wider audience.

    Mr. Ross’s recent meetings with several key accounts in Kansas have yielded promising results, further solidifying the Company’s growth plans in the region. By leveraging the strength of the Standard Beverage distribution network, American Rebel is poised to make a significant impact in the Kansas market.

    Premium Safes, Concealed Carry Backpacks and Apparel at our Overland Park, Kansas store.

    We build American Rebel Safes – one of the most desirable residential safes on the market. We are also the proud owners of Champion Safe Co. Our safes are specifically designed to meet the needs of homeowners and gun aficionados.

    In a time when National Spirit is being rekindled, American Rebel positions itself as “America’s Patriotic Brand.” We are proud advocates of the 2nd Amendment and encourage safe and responsible gun ownership.

    American Rebel’s store is located at 8500 Marshall Drive in Overland Park, Kansas, next to the Bushnell Factory Outlet conveniently located right off I-35.

    For more information about American Rebel Holdings, Inc. and its products, please visit americanrebel.com, championsafe.com and americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer, and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebel.com and americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc. (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our,” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, actual placement timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as may be required by law.

    Media Inquiries:
    Matt Sheldon
    Precision Public Relations
    Matt@PrecisionPR.co
    917-280-7329

    Attachment

    The MIL Network –

  • MIL-OSI: Arbor Realty Trust Reports Fourth Quarter and Full Year 2024 Results and Declares Dividend of $0.43 per Share

    Source: GlobeNewswire (MIL-OSI)

    Fourth Quarter Highlights:

    • GAAP net income of $0.32 and distributable earnings of $0.40, per diluted common share1
    • Declares cash dividend on common stock of $0.43 per share
    • Agency loan originations of $1.38 billion and a servicing portfolio of ~$33.47 billion
    • Structured loan originations of $684.3 million, runoff of $900.6 million, and a portfolio of ~$11.30 billion
    • Issued $100.0 million of 9.00% senior notes due 2027

    Full Year Highlights:

    • GAAP net income of $1.18 and distributable earnings of $1.74 per diluted common share1
    • Agency servicing portfolio growth of 8% from loan originations of $4.47 billion
    • Successfully delevered the Company 30% from a peak debt to equity ratio of 4:1 in 2023, to 2.8:1 at December 31, 20242
    • Structured portfolio reduction of 10% with $2.48 billion of multifamily loan runoff, $1.58 billion of which was recaptured into new agency loan originations
    • Redeemed $200.0 million of our senior notes

    UNIONDALE, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (NYSE: ABR), today announced financial results for the fourth quarter ended December 31, 2024. Arbor reported net income for the quarter of $59.8 million, or $0.32 per diluted common share, compared to net income of $91.7 million, or $0.48 per diluted common share for the quarter ended December 31, 2023. Net income for the year was $223.3 million, or $1.18 per diluted common share, compared to $330.1 million, or $1.75 per diluted common share for the year ended December 31, 2023. Distributable earnings for the quarter was $81.6 million, or $0.40 per diluted common share, compared to $104.1 million, or $0.51 per diluted common share for the quarter ended December 31, 2023. Distributable earnings for the year was $358.0 million, or $1.74 per diluted common share, compared to $452.5 million, or $2.25 per diluted common share for the year ended December 31, 2023. 1

    Agency Business

    Loan Origination Platform

      Agency Loan Volume (in thousands)
      Quarter Ended   Year Ended
      December 31, 2024   September 30, 2024   December 31, 2024   December 31, 2023
    Fannie Mae $ 556,676   $ 616,211   $ 2,374,040   $ 3,773,532
    Freddie Mac   675,244     378,809     1,770,976     756,827
    Private Label   27,650     74,162     151,936     299,934
    FHA   119,050     27,457     146,507     257,199
    SFR – Fixed Rate   —     —     27,314     19,328
    Total Originations $ 1,378,620   $ 1,096,639   $ 4,470,773   $ 5,106,820
                   
    Total Loan Sales $ 1,270,048   $ 1,118,977   $ 4,609,686   $ 4,889,199
                   
    Total Loan Commitments $ 1,353,527   $ 1,056,490   $ 4,443,972   $ 5,207,148
                           

    For the quarter ended December 31, 2024, the Agency Business generated revenues of $78.7 million, compared to $77.4 million for the third quarter of 2024. Gain on sales, including fee-based services, net on the Agency business was $22.2 million for the quarter, reflecting a margin of 1.75%, compared to $18.6 million and 1.67% for the third quarter of 2024. Income from mortgage servicing rights was $13.3 million for the quarter, reflecting a rate of 0.99% as a percentage of loan commitments, compared to $13.2 million and 1.25% for the third quarter of 2024.

    At December 31, 2024, loans held-for-sale was $435.8 million, with financing associated with these loans totaling $422.7 million.

    Fee-Based Servicing Portfolio

    The Company’s fee-based servicing portfolio totaled $33.47 billion at December 31, 2024. Servicing revenue, net was $33.3 million for the quarter and consisted of servicing revenue of $50.9 million, net of amortization of mortgage servicing rights totaling $17.6 million.

      Fee-Based Servicing Portfolio ($ in thousands)
      December 31, 2024   September 30, 2024   December 31, 2023
      UPB   Wtd. Avg.
    Fee (bps)    		   Wtd. Avg.
    Life (years)    		   UPB   Wtd. Avg.
    Fee (bps)    		   Wtd. Avg.
    Life (years)    		   UPB   Wtd. Avg.
    Fee (bps)    		   Wtd. Avg.
    Life (years)
    Fannie Mae $ 22,730,056   46.4   6.4   $ 22,526,022   46.6   6.6   $ 21,264,578   47.4   7.4
    Freddie Mac   6,077,020   21.5   6.8     5,820,026   21.9   7.1     5,181,933   24.0   8.5
    Private Label   2,605,980   18.7   5.5     2,619,485   18.7   5.8     2,510,449   19.5   6.7
    FHA   1,506,948   14.1   19.2     1,390,766   14.2   18.9     1,359,624   14.4   19.2
    Bridge   278,494   10.4   3.0     380,379   10.9   3.0     379,425   10.9   3.2
    SFR-Fixed Rate   271,859   20.1   4.4     275,081   20.1   4.6     287,446   20.1   5.1
    Total $ 33,470,357   37.8   6.9   $ 33,011,759   38.0   7.1   $ 30,983,455   39.1   8.0
                                             

    Loans sold under the Fannie Mae program contain an obligation to partially guarantee the performance of the loan (“loss-sharing obligations”) and includes $34.8 million for the fair value of the guarantee obligation undertaken at December 31, 2024. The Company recorded a $4.0 million total provision for loss sharing associated with CECL for the fourth quarter of 2024. At December 31, 2024, the Company’s total CECL allowance for loss-sharing obligations was $48.3 million, representing 0.21% of the Fannie Mae servicing portfolio.

    Structured Business

    Portfolio and Investment Activity

      Structured Portfolio Activity ($ in thousands)
      Quarter Ended   Year Ended
      December 31, 2024   September 30, 2024   December 31, 2024   December 31, 2023
      UPB   %   UPB   %   UPB   %   UPB   %
    Bridge:                              
    Multifamily $ 371,250   54 %   $ 14,500   6 %   $ 444,635   31 %   $ 415,330   42 %
    SFR   273,087   40 %     239,064   92 %     869,141   61 %     524,060   54 %
    Land   —   —       —   —       10,350   1 %     —   —  
        644,337   94 %     253,564   98 %     1,324,126   93 %     939,390   96 %
                                   
    Mezzanine / Preferred Equity   35,592   5 %     4,900   2 %     97,305   7 %     43,953   4 %
    Construction – Multifamily   4,368   1 %     —   —       4,368   —       —   —  
    Total Originations $ 684,297   100 %   $ 258,464   100 %   $ 1,425,799   100 %   $ 983,343   100 %
                                   
    Number of Loans Originated   28         38         170         150    
                                   
    Commitments:                              
    SFR $ 375,894       $ 374,070       $ 1,438,841       $ 1,150,687    
    Construction – Multifamily   54,000         47,000         101,000         —    
    Total Commitments $ 429,894       $ 421,070       $ 1,539,841       $ 1,150,687    
                                   
    Loan Runoff $ 900,583       $ 521,341       $ 2,691,583       $ 3,354,055    
                                           
      Structured Portfolio ($ in thousands)
      December 31, 2024   September 30, 2024   December 31, 2023
      UPB   %   UPB   %   UPB   %
    Bridge:                      
    Multifamily $ 8,725,429   76 %   $ 9,208,954   80 %   $ 10,789,936   86 %
    SFR   1,993,890   18 %     1,783,475   15 %     1,316,803   10 %
    Other   173,787   2 %     176,855   2 %     166,505   1 %
        10,893,106   96 %     11,169,284   97 %     12,273,244   97 %
                           
    Mezzanine/Preferred Equity   404,401   3 %     393,168   3 %     334,198   3 %
    Construction – Multifamily   4,367   <1 %     —   —       —   —  
    SFR Permanent   3,082   <1 %     3,086   <1 %     7,564   <1 %
    Total Portfolio $ 11,304,956   100 %   $ 11,565,538   100 %   $ 12,615,006   100 %
                                       

    At December 31, 2024, the loan and investment portfolio’s unpaid principal balance (“UPB”), excluding loan loss reserves, was $11.30 billion, with a weighted average current interest pay rate of 6.90%, compared to $11.57 billion and 7.25% at September 30, 2024. Including certain fees earned and costs associated with the loan and investment portfolio, the weighted average current interest pay rate was 7.80% at December 31, 2024, compared to 8.16% at September 30, 2024. The decrease in pay rate was primarily due to an decrease in the SOFR rate in the fourth quarter of 2024.

    The average balance of the Company’s loan and investment portfolio during the fourth quarter of 2024, excluding loan loss reserves, was $11.46 billion with a weighted average yield of 8.52%, compared to $11.80 billion and 9.04% for the third quarter of 2024. The decrease in yield was primarily due to an decrease in the SOFR rate in the fourth quarter of 2024.

    During the fourth quarter of 2024, the Company recorded a $3.4 million provision for loan losses associated with CECL, which was net of $5.5 million of net recoveries related to real estate loan foreclosures. At December 31, 2024, the Company’s total allowance for loan losses was $239.0 million. The Company had twenty-six non-performing loans with a UPB of $651.8 million, before related loan loss reserves of $23.8 million, compared to twenty-six loans with a UPB of $625.4 million, before loan loss reserves of $37.3 million at September 30, 2024.

    In addition, at December 31, 2024, the Company had nine loans with a total UPB of $167.4 million (before related loan loss reserves of $5.0 million) that were less than 60 days past due, compared to ten loans with a total UPB of $319.2 million at September 30, 2024. Interest income on these loans is only being recorded to the extent cash is received.

    During the fourth quarter of 2024, the Company modified fifteen loans with a total UPB of $466.6 million, the vast majority of which had borrowers investing additional capital to recapitalize their deals. Seven of these loans with a total UPB of $206.3 million contained interest rates based on pricing over SOFR ranging from 3.25% to 4.75% and were modified to provide temporary rate relief through a pay and accrual feature. At December 31, 2024, these modified loans had a weighted average pay rate of 5.51% and a weighted average accrual rate of 2.32%. In addition, of the total modified loans for the fourth quarter, $123.5 million were less than 60 days past due and $15.0 million were non-performing at September 30, 2024, and are now current in accordance with their modified terms.

    Financing Activity

    The balance of debt that finances the Company’s loan and investment portfolio at December 31, 2024 was $9.54 billion with a weighted average interest rate including fees of 6.88% as compared to $9.97 billion and a rate of 7.18% at September 30, 2024.

    The average balance of debt that finances the Company’s loan and investment portfolio for the fourth quarter of 2024 was $9.67 billion, as compared to $10.09 billion for the third quarter of 2024. The average cost of borrowings for the fourth quarter of 2024 was 7.10%, compared to 7.58% for the third quarter of 2024. The decrease in average cost was primarily due to an decrease in the SOFR rate in the fourth quarter of 2024.

    The Company issued $100.0 million of its 9.00% senior unsecured notes due October 2027 through a private offering. The net proceeds of this offering were used to pay down debt and for general corporate purposes.

    Dividend

    The Company announced today that its Board of Directors has declared a quarterly cash dividend of $0.43 per share of common stock for the quarter ended December 31, 2024. The dividend is payable on March 21, 2025 to common stockholders of record on March 7, 2025.

    Earnings Conference Call

    The Company will host a conference call today at 10:00 a.m. Eastern Time. A live webcast and replay of the conference call will be available at www.arbor.com in the investor relations section of the Company’s website, or you can access the call telephonically at least ten minutes prior to the conference call. The dial-in numbers are (800) 579-2543 for domestic callers and (785) 424-1789 for international callers. Please use participant passcode ABRQ424 when prompted by the operator.

    A telephonic replay of the call will be available until February 28, 2025. The replay dial-in numbers are (800) 839-0866 for domestic callers and (402) 220-0662 for international callers.

    About Arbor Realty Trust, Inc.

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

    Safe Harbor Statement

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

    Notes

    1. During the quarterly earnings conference call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. In addition, the Company has used non-GAAP financial measures in this press release. A supplemental schedule of non-GAAP financial measures and the comparable GAAP financial measure can be found on the last page of this release.
    2. Debt to equity ratio reflects junior subordinated notes as equity.

    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Consolidated Statements of Income
    ($ in thousands—except share and per share data)

      Quarter Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
      (Unaudited)   (Unaudited)        
    Interest income $ 262,871     $ 331,060     $ 1,167,872     $ 1,331,219  
    Interest expense   180,002       227,479       804,615       903,228  
    Net interest income   82,869       103,581       363,257       427,991  
                   
    Other revenue:              
    Gain on sales, including fee-based services, net   22,180       16,727       74,932       72,522  
    Mortgage servicing rights   13,344       21,144       51,272       69,912  
    Servicing revenue, net   33,319       33,073       125,896       130,449  
    Property operating income   2,705       1,447       7,226       5,708  
    (Loss) gain on derivative instruments, net   (3,833 )     10,345       (8,543 )     6,763  
    Other income, net   1,129       2,571       8,083       7,667  
    Total other revenue   68,844       85,307       258,866       293,021  
                   
    Other expenses:              
    Employee compensation and benefits   46,283       36,270       181,694       159,788  
    Selling and administrative   15,034       12,686       54,931       51,260  
    Property operating expenses   2,446       1,670       7,394       5,897  
    Depreciation and amortization   2,617       2,446       9,555       9,743  
    Provision for loss sharing (net of recoveries)   3,996       3,168       11,782       15,695  
    Provision for credit losses (net of recoveries)   3,641       18,399       68,543       73,446  
    Total other expenses   74,017       74,639       333,899       315,829  
                   
    Income before extinguishment of debt, gain on real estate, (loss) income from equity affiliates, and income taxes   77,696       114,249       288,224       405,183  
    Loss on extinguishment of debt   —       —       (412 )     (1,561 )
    Gain on real estate   —       —       3,813       —  
    (Loss) income from equity affiliates   (1,616 )     3,586       5,772       24,281  
    Provision for income taxes   (752 )     (7,911 )     (13,478 )     (27,347 )
                   
    Net income   75,328       109,924       283,919       400,556  
                   
    Preferred stock dividends   10,342       10,342       41,369       41,369  
    Net income attributable to noncontrolling interest   5,160       7,923       19,278       29,122  
    Net income attributable to common stockholders $ 59,826     $ 91,659     $ 223,272     $ 330,065  
                   
    Basic earnings per common share $ 0.32     $ 0.49     $ 1.18     $ 1.79  
    Diluted earnings per common share $ 0.32     $ 0.48     $ 1.18     $ 1.75  
                   
    Weighted average shares outstanding:              
    Basic   188,924,182       188,503,682       188,701,149       184,641,642  
    Diluted   205,759,307       222,861,214       205,526,610       218,843,613  
                   
    Dividends declared per common share $ 0.43     $ 0.43     $ 1.72     $ 1.68  
                                   

    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Consolidated Balance Sheets
    ($ in thousands—except share and per share data)

      December 31, 2024   December 31, 2023
    Assets:      
    Cash and cash equivalents $ 503,803   $ 928,974
    Restricted cash   156,376     608,233
    Loans and investments, net (allowance for credit losses of $238,967 and $195,664)   11,033,997     12,377,806
    Loans held-for-sale, net   435,759     551,707
    Capitalized mortgage servicing rights, net   368,678     391,254
    Securities held-to-maturity, net (allowance for credit losses of $10,846 and $6,256)   157,154     155,279
    Investments in equity affiliates   76,312     79,303
    Real estate owned, net   176,543     86,991
    Due from related party   12,792     64,421
    Goodwill and other intangible assets   88,119     91,378
    Other assets   481,448     403,290
    Total assets $ 13,490,981   $ 15,738,636
           
    Liabilities and Equity:      
    Credit and repurchase facilities $ 3,559,490   $ 3,237,827
    Securitized debt   4,622,489     6,935,010
    Senior unsecured notes   1,236,147     1,333,968
    Convertible senior unsecured notes   285,853     283,118
    Junior subordinated notes to subsidiary trust issuing preferred securities   144,686     143,896
    Mortgage notes payable – real estate owned   74,897     44,339
    Due to related party   4,474     13,799
    Due to borrowers   47,627     121,707
    Allowance for loss-sharing obligations   83,150     71,634
    Other liabilities   280,198     298,733
    Total liabilities   10,339,011     12,484,031
           
    Equity:      
    Arbor Realty Trust, Inc. stockholders’ equity:      
    Preferred stock, cumulative, redeemable, $0.01 par value: 100,000,000 shares authorized, shares issued and outstanding by period:   633,684     633,684
    Special voting preferred – 16,293,589 shares      
    6.375% Series D – 9,200,000 shares      
    6.25% Series E – 5,750,000 shares      
    6.25% Series F – 11,342,000 shares      
    Common stock, $0.01 par value: 500,000,000 shares authorized – 189,259,435 and 188,505,264 shares issued and outstanding   1,893     1,885
    Additional paid-in capital   2,375,469     2,367,188
    Retained earnings   13,039     115,216
    Total Arbor Realty Trust, Inc. stockholders’ equity   3,024,085     3,117,973
           
    Noncontrolling interest   127,885     136,632
    Total equity   3,151,970     3,254,605
           
    Total liabilities and equity $ 13,490,981   $ 15,738,636
               

    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Statement of Income Segment Information – (Unaudited)
    (in thousands)

      Quarter Ended December 31, 2024
      Structured
    Business    		   Agency
    Business    		   Other(1)   Consolidated
    Interest income $ 248,696     $ 14,175     $ —     $ 262,871  
    Interest expense   173,061       6,941       —       180,002  
    Net interest income   75,635       7,234       —       82,869  
                   
    Other revenue:              
    Gain on sales, including fee-based services, net   —       22,180       —       22,180  
    Mortgage servicing rights   —       13,344       —       13,344  
    Servicing revenue   —       50,924       —       50,924  
    Amortization of MSRs   —       (17,605 )     —       (17,605 )
    Property operating income   2,705       —       —       2,705  
    Loss on derivative instruments, net   —       (3,833 )     —       (3,833 )
    Other income (loss), net   1,617       (488 )     —       1,129  
    Total other revenue   4,322       64,522       —       68,844  
                   
    Other expenses:              
    Employee compensation and benefits   16,064       30,219       —       46,283  
    Selling and administrative   7,953       7,081       —       15,034  
    Property operating expenses   2,446       —       —       2,446  
    Depreciation and amortization   2,226       391       —       2,617  
    Provision for loss sharing (net of recoveries)   —       3,996       —       3,996  
    Provision for credit losses (net of recoveries)   3,359       282       —       3,641  
    Total other expenses   32,048       41,969       —       74,017  
                   
    Income before loss from equity affiliates and income taxes   47,909       29,787       —       77,696  
                   
    Loss from equity affiliates   (1,616 )     —       —       (1,616 )
    Benefit from (provision for) income taxes   726       (1,478 )     —       (752 )
                   
    Net income   47,019       28,309       —       75,328  
                   
    Preferred stock dividends   10,342       —       —       10,342  
    Net income attributable to noncontrolling interest   —       —       5,160       5,160  
    Net income attributable to common stockholders $ 36,677     $ 28,309     $ (5,160 )   $ 59,826  
                                   

    (1) Includes income allocated to the noncontrolling interest holders not allocated to the two reportable segments.

    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Balance Sheet Segment Information – (Unaudited)
    (in thousands)

      December 31, 2024
      Structured
    Business    		   Agency
    Business    		   Consolidated
    Assets:          
    Cash and cash equivalents $ 58,188   $ 445,615   $ 503,803
    Restricted cash   134,320     22,056     156,376
    Loans and investments, net   11,033,997     —     11,033,997
    Loans held-for-sale, net   —     435,759     435,759
    Capitalized mortgage servicing rights, net   —     368,678     368,678
    Securities held-to-maturity, net   —     157,154     157,154
    Investments in equity affiliates   76,312     —     76,312
    Real estate owned, net   176,543     —     176,543
    Goodwill and other intangible assets   12,500     75,619     88,119
    Other assets and due from related party   415,310     78,930     494,240
    Total assets $ 11,907,170   $ 1,583,811   $ 13,490,981
               
    Liabilities:          
    Debt obligations $ 9,500,901   $ 422,661   $ 9,923,562
    Allowance for loss-sharing obligations   —     83,150     83,150
    Other liabilities and due to related party   244,948     87,351     332,299
    Total liabilities $ 9,745,849   $ 593,162   $ 10,339,011
                     

    ARBOR REALTY TRUST, INC. AND SUBSIDIARIES
    Reconciliation of Distributable Earnings to GAAP Net Income – (Unaudited)
    ($ in thousands—except share and per share data)

      Quarter Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
    Net income attributable to common stockholders $ 59,826     $ 91,659     $ 223,272     $ 330,065  
                   
    Adjustments:              
    Net income attributable to noncontrolling interest   5,160       7,923       19,278       29,122  
    Income from mortgage servicing rights   (13,344 )     (21,144 )     (51,272 )     (69,912 )
    Deferred tax benefit   (2,691 )     (719 )     (11,613 )     (7,349 )
    Amortization and write-offs of MSRs   20,194       19,145       76,922       77,829  
    Depreciation and amortization   3,238       4,115       12,040       16,425  
    Loss on extinguishment of debt   —       —       412       1,561  
    Provision for credit losses, net   2,199       11,206       65,537       68,642  
    Loss (gain) on derivative instruments, net   4,535       (10,880 )     9,212       (8,844 )
    Stock-based compensation   2,485       2,799       14,232       14,940  
    Distributable earnings (1) $ 81,602     $ 104,104     $ 358,020     $ 452,479  
                   
    Diluted distributable earnings per share (1) $ 0.40     $ 0.51     $ 1.74     $ 2.25  
                   
    Diluted weighted average shares outstanding (1) (2)   205,759,307       205,498,651       205,526,610       201,549,221  
                                   

    (1) Amounts are attributable to common stockholders and OP Unit holders. The OP Units are redeemable for cash, or at the Company’s option for shares of the Company’s common stock on a one-for-one basis.

    (2) The diluted weighted average shares outstanding exclude the potential shares issuable upon conversion and settlement of the Company’s convertible senior notes principal balance.

    The Company is presenting distributable earnings because management believes it is an important supplemental measure of the Company’s operating performance and is useful to investors, analysts and other parties in the evaluation of REITs and their ability to provide dividends to stockholders. Dividends are one of the principal reasons investors invest in REITs. To maintain REIT status, REITs are required to distribute at least 90% of their REIT-taxable income. The Company considers distributable earnings in determining its quarterly dividend and believes that, over time, distributable earnings is a useful indicator of the Company’s dividends per share.

    The Company defines distributable earnings as net income (loss) attributable to common stockholders computed in accordance with GAAP, adjusted for accounting items such as depreciation and amortization (adjusted for unconsolidated joint ventures), non-cash stock-based compensation expense, income from MSRs, amortization and write-offs of MSRs, gains/losses on derivative instruments primarily associated with Private Label loans not yet sold and securitized, changes in fair value of GSE-related derivatives that temporarily flow through earnings, deferred tax provision (benefit), CECL provisions for credit losses (adjusted for realized losses as described below) and gains/losses on the receipt of real estate from the settlement of loans (prior to the sale of the real estate). The Company also adds back one-time charges such as acquisition costs and one-time gains/losses on the early extinguishment of debt and redemption of preferred stock.

    The Company reduces distributable earnings for realized losses in the period management determines that a loan is deemed nonrecoverable in whole or in part. Loans are deemed nonrecoverable upon the earlier of: (1) when the loan receivable is settled (i.e., when the loan is repaid, or in the case of foreclosure, when the underlying asset is sold); or (2) when management determines that it is nearly certain that all amounts due will not be collected. The realized loss amount is equal to the difference between the cash received, or expected to be received, and the book value of the asset.

    Distributable earnings is not intended to be an indication of the Company’s cash flows from operating activities (determined in accordance with GAAP) or a measure of its liquidity, nor is it entirely indicative of funding the Company’s cash needs, including its ability to make cash distributions. The Company’s calculation of distributable earnings may be different from the calculations used by other companies and, therefore, comparability may be limited.

    The MIL Network –

  • MIL-OSI: Mark Cuban Foundation and The National Museum of Nuclear Science & History Bring Free AI Bootcamp to Albuquerque Area Teens

    Source: GlobeNewswire (MIL-OSI)

    ALBUQUERQUE, N.M., Feb. 21, 2025 (GLOBE NEWSWIRE) — Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by The National Museum of Nuclear Science & History in Albuquerque. Applications for the no-cost bootcamp are closing March 12.

    The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for underserved high school students with a transparent focus on recruiting girls, students of color, first generation college students, and those from low to moderate income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with The National Museum of Nuclear Science & History, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp, taking place in Albuquerque March 17-19, is hosted and staffed by The National Museum of Nuclear Science & History, the only congressionally chartered museum dedicated to the history and science of nuclear technology.

    “We are thrilled to partner with the Mark Cuban Foundation to bring this innovative AI Bootcamp to Albuquerque high school students,” said Gabriel Nemiroff, Director of Education at The National Museum of Nuclear Science & History. “This program is a fantastic opportunity for students to explore the exciting world of artificial intelligence and its potential applications in their future careers. We believe that AI has the power to revolutionize many industries, and we want to ensure that all students have the chance to learn about this important technology.”

    There are just 2 weeks left until the March 12 deadline. Do not miss your chance—submit your application now, as spaces are limited.

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th – 12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About The National Museum of Nuclear Science & History

    The National Museum of Nuclear Science & History was established in 1969 as an intriguing place to learn the story of the Atomic Age, from early research of nuclear development through today’s peaceful uses of nuclear technology. Visitors can explore how nuclear science continues to influence our world. Through permanent and changing exhibits and displays, the museum strives to present the diverse applications of nuclear science in the past, present, and future, along with the stories of the field’s pioneers. The National Museum of Nuclear Science & History is a Smithsonian Affiliate and is accredited through the American Alliance of Museums.

    The MIL Network –

  • MIL-OSI: DMG Blockchain Solutions Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call Details

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 21, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, announces it will release financial results for its first quarter 2025 ending December 31, 2024 on Monday, March 3, 2025 after the market close.

    First Quarter 2025 Results Conference Call Details

    The Company will host a conference call to review its results and provide a corporate update on Tuesday, March 4, 2025 at 4:30 PM ET. Participants should register for the call via the registration link.

    In addition to a live Q&A session via chat, management will also address pre-submitted questions. Those wishing to submit a question may do so via email at investors@dmgblockchain.com, using the subject line ‘Conference Call Question Submission,’ through 2:00 PM ET on March 4, 2025.

    About DMG Blockchain Solutions Inc.

    DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move bitcoin in a sustainable and regulatory-compliant manner.

    For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com
    Follow @dmgblockchain on X and subscribe to DMG’s YouTube channel.

    For further information, please contact:

    On behalf of the Board of Directors,

    Sheldon Bennett, CEO & Director
    Tel: +1 (778) 300-5406
    Email: investors@dmgblockchain.com
    Web: www.dmgblockchain.com

    For Investor Relations:
    investors@dmgblockchain.com

    For Media Inquiries:
    Chantelle Borrelli
    Head of Communications
    chantelle@dmgblockchain.com

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include the filing of the first quarter 2025 results and hosting a conference call, the Company’s strategy for growth, the planned monetization of certain product and service offerings, developing and executing on the Company’s products, services and business plans, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

    Future changes in the Bitcoin network-wide mining difficulty or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate and mining difficulty.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

    Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

    The MIL Network –

  • MIL-OSI: Corporate and Municipal CUSIP Request Volumes Decline in January

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., Feb. 21, 2025 (GLOBE NEWSWIRE) — CUSIP Global Services (CGS) today announced the release of its CUSIP Issuance Trends Report for January 2025. The report, which tracks the issuance of new security identifiers as an early indicator of debt and capital markets activity over the next quarter, found a monthly decrease in request volume for new corporate and municipal identifiers.

    North American corporate CUSIP requests totaled 4,505 in January, which is down 36.9% on a monthly basis. On an annualized basis, North American corporate requests were down 24.2% over January 2024 totals. The monthly decrease in volume was driven by a 32.6% decline in request volume for U.S. corporate debt identifiers. Request volumes for short-term certificates of deposit (-27.1%) and longer-term certificates of deposit (-14.8%) also fell in January.

    The aggregate total of identifier requests for new municipal securities – including municipal bonds, long-term and short-term notes, and commercial paper – fell 14.1% versus December totals. On a year-over-year basis, overall municipal volumes were up 1.8%. Texas led state-level municipal request volume with a total of 78 new CUSIP requests in January, followed by California and New York, each of which had 59 new municipal CUSIP requests in the first month of the year.

    “Monthly CUSIP request volume may appear to be off to a slow start when compared to the strong volumes we saw in the second half of 2024, but most major asset classes are seeing gains versus year-ago totals,” said Gerard Faulkner, Director of Operations for CGS. “While it’s still early in the year, and there is no shortage of uncertainty about the future of interest rates and the broader economy, issuers are likely to enter the markets at a historically brisk pace.”

    Requests for international equity CUSIPs fell 19.5% in January and international debt CUSIP requests rose 14.0%. On an annualized basis, international equity CUSIP requests were down 13.0% and international debt CUSIP requests were up 33.3%.

    To view the full CUSIP Issuance Trends report for January, please click here.

    Following is a breakdown of new CUSIP Identifier requests by asset class year-to-date through January 2025:


    Asset Class    		 2025 YTD 2024 YTD YOY Change

    Long-Term Municipal
    Notes    		 37 8 362.5%

    Canada Corporate
    Debt & Equity    		 562 378 48.7%

    International Debt    		 520 390 33.3%

    U.S. Corporate Equity    		 1,161 914 27.0%

    Syndicated Loans    		 197 173 13.9%

    Municipal Bonds    		 610 579 5.4%

    Private Placement
    Securities    		 266 253 5.1%

    U.S. Corporate Debt
    		 1,605 1,540 4.2%

    International Equity    		 120 138 -13.0%

    CDs > 1-year Maturity    		 539 724 -25.6%

    CDs < 1-year Maturity    		 542 763 -29.0%

    Short-Term Municipal
    Notes    		 59 86 -31.4%


    About CUSIP Global Services

    CUSIP Global Services (CGS) is the global leader in securities identification. The financial services industry relies on CGS’ unrivaled experience in uniquely identifying instruments and entities to support efficient global capital markets. Its extensive focus on standardization over the past 50 plus years has helped CGS earn its reputation as the industry standard provider of reliable, timely reference data. CGS is also a founding member of the Association of National Numbering Agencies (ANNA) and co-operates ANNA’s hub of ISIN data, the ANNA Service Bureau. CGS is managed on behalf of the American Bankers Association (ABA) by FactSet Research Systems Inc., with a Board of Trustees that represents the voices of leading financial institutions. For more information, visit www.cusip.com.

    About The American Bankers Association

    The American Bankers Association is the voice of the nation’s $24.2 trillion banking industry, which is composed of small, regional and large banks that together employ approximately 2.1 million people, safeguard $19.1 trillion in deposits and extend $12.6 trillion in loans.

    For More Information:

    John Roderick
    john@jroderick.com
    +1 (631) 584.2200

    The MIL Network –

  • MIL-OSI: FIRST BANCSHARES, INC. ANNOUNCES ANNUAL CASH DIVIDEND OF $0.40 PER SHARE

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN GROVE, Mo., Feb. 21, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI), the holding company for Stockmens Bank (“Bank”), Colorado Springs, Colorado, announced today that its Board of Directors declared an annual cash dividend of $0.40 per share on the Company’s outstanding common stock. The cash dividend will be payable on April 15, 2025 to shareholders of record as of the close of business on April 1, 2025.

    About the Company

    First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service offices in the Missouri cities of Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Hartville, Crane and Springfield, as well as full-service offices in Akron, Colorado and Bartley, Nebraska.

    Cautionary Note Regarding Forward-Looking Statements

    The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders and in other communications by the Company. These forward-looking statements are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

    These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators; technology; and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in laws and regulations applicable to financial services companies; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

    The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

    Contact: Robert M. Alexander, Chairman and CEO – (719) 955-2800

    The MIL Network –

  • MIL-OSI: Mark Cuban Foundation and Cosmosphere Bring Free AI Bootcamp to Hutchinson Area Teens

    Source: GlobeNewswire (MIL-OSI)

    HUTCHINSON, Kan., Feb. 21, 2025 (GLOBE NEWSWIRE) — Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by Cosmosphere International Science Education Center and Space Museum in Hutchinson. Applications for the no-cost bootcamp are closing March 12.

    The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for underserved high school students with a transparent focus on recruiting girls, students of color, first generation college students, and those from low to moderate income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with the Cosmosphere International Science Education Center and Space Museum, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp, taking place in Hutchinson, KS on March 17-19, is hosted and staffed by the Cosmosphere, a space museum with one of the largest collections of U.S. and Soviet space artifacts. It features the Apollo 13 command module, an SR-71 Blackbird, a planetarium, and hands-on exhibits for all ages.

    The Cosmosphere International Science Education Center and Space Museum is one of more than 25 host companies selected to host camps across the U.S.

    “At the Cosmosphere, we’re passionate about igniting curiosity in young minds and empowering the next generation of innovators. This AI bootcamp, in partnership with the Mark Cuban Foundation, represents a tremendous opportunity to do just that,” said JoAnna Strecker, Cosmosphere Vice President of Education. “We’re grateful to the Mark Cuban Foundation for their support in making this dream a reality, and we can’t wait to see the incredible things these students will achieve.”

    There are just 2 weeks left until the March 12 deadline. Do not miss your chance—submit your application now, as spaces are limited.

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative

    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th – 12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About Cosmosphere International Science Education Center and Space Museum

    The Cosmosphere International Science Education Center and Space Museum is a Smithsonian Affiliate. Located at 1100 North Plum in Hutchinson, KS, its collection includes U.S. space artifacts second only to the Smithsonian’s National Air and Space Museum and the largest collection of Russian space artifacts outside of Moscow. This unique collection allows the Cosmosphere to tell the story of the Space Race better than any museum in the world while offering fully immersive education experiences that meet Next Generation Science Standards. The Cosmosphere also features the Carey Digital Dome Theater, offering daily documentary showings, a digital Planetarium, Dr. Goddard’s Rocket Lab Experience, where visitors experience live science demonstrations, and CosmoKids, an interactive STEAM area for children accompanied by an adult.

    The MIL Network –

  • MIL-OSI: The Binary Holdings Launches BNRY Game Labs to Distribute Games Instantly To 169 Million Players

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Feb. 21, 2025 (GLOBE NEWSWIRE) — The Binary Holdings, Web3 distribution infrastructure, is expanding into the gaming market with the launch of BNRY Game Labs. This innovative distribution platform enables gaming studios from all genres to upload their content and immediately access The Binary Holdings’ extensive ecosystem of 169 million users within the largest telcos of South East Asia. Gaming studios can rapidly drive adoption of their games and earn potentially millions of dollars within weeks due to extensive access to a large user base which is expected to grow to a billion users in 2025. Players engaging with these games will earn $BNRY tokens, serving as loyalty points, redeemable within the ecosystem for a variety of products and services.

    BNRY Game Labs stands out as one of the few game distribution platforms capable of accommodating both Web2 and Web3 gaming projects seeking to broaden their user base. By giving game studios instant access to 169 million targeted users within telecommunication ecosystems Indonesia and the Philippines, BNRY Game Labs offers a powerful solution to boost profitability, Return on Ad Spend (ROAS), and customer Life Time Value (LTV). This expansive user base enables studios to extend the shelf life of their games while minimizing costs associated with user acquisition and operational overhead. With a CPM of as low as $0.000005 and a subscription cost significantly lower than traditional Go-To-Market (GTM) budgets, developers can achieve higher profitability while enhancing engagement and retention metrics.

    Developers on BNRY Game Labs also benefit from advanced analytics that increase profitability and enhance user engagement. These tools deliver actionable insights into player behavior, revenue performance, and technical optimization, empowering studios to make data-driven decisions that maximize a game’s chances for success. These features enable developers to make data-driven decisions, enhancing game performance and user satisfaction.

    Addressing Industry Challenges with Innovative Solutions

    The gaming industry faces significant challenges, including rising development and testing costs. The global game testing service market, valued at $772.09 million in 2021, is projected to reach $2.02 billion by 2031, growing at a CAGR of 10.11%. This increase reflects the escalating complexity and quality demands in game development.

    Additionally, many games struggle with adoption due to market saturation and high user acquisition costs. BNRY Game Labs addresses these issues by providing developers with immediate access to a vast user base of 169 million users and comprehensive tools to monitor and enhance game performance, reducing the financial and operational burdens typically associated with game testing and marketing. The Binary Holding’s user base is expected to grow to one billion users in 2025, providing explosive growth to gaming studios.

    This streamlined process allows developers to focus on creating compelling gaming experiences while leveraging The Binary Holdings’ robust infrastructure and user community.

    “BNRY Game Labs is more than a platform—it’s a gateway to the future of gaming,” said Manit Parikh, CEO of The Binary Holdings. “Our mission is to empower developers with the tools, audience, and incentives they need to thrive. By seamlessly integrating gaming with our distribution layer network, we’re unlocking new possibilities for growth and engagement, and ultimately bringing more people into the Web3 world.”

    For more information, visit BNRY Game Labs

    About BNRY Game Labs

    BNRY Game Labs is a marketplace designed to connect game developers with a vast user base, providing tools and analytics to enhance game performance and user engagement. By integrating with The Binary Holdings’ ecosystem, BNRY Game Labs offers unique opportunities for growth and monetization in the GameFi sector.

    About The Binary Holdings

    The Binary Holdings (TBH) provides Web3 infrastructure solutions for telecommunication companies and banks in emerging economies. With over 169 million current users, TBH offers indispensable scalable, cost-effective, and efficient infrastructure services crucial for driving adoption of tokenized and Web3 solutions, facilitated by its native utility token, $BNRY, which powers all transactions and interactions within The Binary Holdings Ecosystem.

    Contact:
    Shahab Ahmed
    Shahab@thebinaryholdings.com

    Disclaimer: This press release is provided by Binary Holdings.The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca61a7be-0035-4c40-9805-7e368fea3bed

    The MIL Network –

  • MIL-OSI: Nokia Corporation – Managers’ transactions (Batra)

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Managers’ transactions
    21 February 2025 at 14:00 EET

    Nokia Corporation – Managers’ transactions (Batra)

    Transaction notification under Article 19 of EU Market Abuse Regulation.
    ____________________________________________
    Person subject to the notification requirement
    Name: Batra, Nishant
    Position: Other senior manager

    Issuer: Nokia Corporation
    LEI: 549300A0JPRWG1KI7U06
    Notification type: INITIAL NOTIFICATION
    Reference number: 97335/4/4
    ____________________________________________

    Transaction date: 2025-02-20
    Venue: NASDAQ HELSINKI LTD (XHEL)
    Instrument type: SHARE
    ISIN: FI0009000681
    Nature of the transaction: ACQUISITION

    Transaction details
    (1): Volume: 1596 Unit price: 4.78061

    Aggregated transactions
    (1): Volume: 1596 Volume weighted average price: 4.78061

    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, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. 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: +358 931 580 507
    Email: investor.relations@nokia.com

    The MIL Network –

  • MIL-OSI: Nokia Corporation – Managers’ transactions (Gibb)

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Managers’ transactions
    21 February 2025 at 14:00 EET

    Nokia Corporation – Managers’ transactions (Gibb)

    Transaction notification under Article 19 of EU Market Abuse Regulation.
    ____________________________________________
    Person subject to the notification requirement
    Name: Gibb, Lorna
    Position: Other senior manager

    Issuer: Nokia Corporation
    LEI: 549300A0JPRWG1KI7U06
    Notification type: INITIAL NOTIFICATION
    Reference number: 97347/4/4
    ____________________________________________

    Transaction date: 2025-02-20
    Venue: NASDAQ HELSINKI LTD (XHEL)
    Instrument type: SHARE
    ISIN: FI0009000681
    Nature of the transaction: ACQUISITION

    Transaction details
    (1): Volume: 115 Unit price: 4.78061

    Aggregated transactions
    (1): Volume: 115 Volume weighted average price: 4.78061

    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, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. 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: +358 931 580 507
    Email: investor.relations@nokia.com

    The MIL Network –

  • MIL-OSI: The Agents are here! What is Decentralized AI and how will it impact the world according to new research from Alpha Sigma Capital Research

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, Feb. 21, 2025 (GLOBE NEWSWIRE) — Alpha Sigma Capital Research has released an in-depth report entitled DeFAI Unleashed, highlighting the rise of AI agents in the crypto world, capturing headlines and fueling both excitement and skepticism.  

    Report highlights:

    • Examines the rise of DeFAI
    • Analyzes market trends and adoption challenges
    • Evaluates long-term impact of AI agents on crypto

    DeFAI transforms decentralized finance:

    • AI agents serve as intelligent facilitators
    • Utilize natural language processing for seamless on-chain transactions
    • Eliminates clunky interfaces and intimidating protocols
    • Provides frictionless access to DeFi

    Current market landscape:

    • Over 1,380 AI agent projects cataloged on platforms like Cookie.fun
    • Collective market cap: $8.29 billion
    • Recent market dip, but activity remains strong
    • Industry leaders view this as a foundational shift despite trader caution

    Future outlook:

    • AI agents gaining real use cases in DeFi
    • More than just a trend—marks the next phase of crypto’s evolution

    Access your complimentary copy of DeFAI Unleashed here.

    Stay connected with ASC Research on Substack. Subscribe at Alpha Sigma Capital Research | Substack.

    About Alpha Transform Holdings
    Alpha Transform Holdings (ATH) is a leading digital asset investment firm, combining strategic advisory, research, and capital investment to drive innovation in Web3 and blockchain.

    About Alpha Sigma Capital Research
    Active Investing in the Blockchain Economy.™
    Alpha Sigma Capital Research is provided by Alpha Sigma Capital Advisors, LLC, the Investment Manager for the Alpha Blockchain/Web3 Fund and Alpha Liquid Fund.  Alpha Sigma Capital (ASC) investment funds are focused on emerging blockchain companies that are successfully building their user-base, demonstrating real-world uses for their decentralized ecosystems, and moving blockchain technology towards mass-adoption. ASC is focused on companies leveraging blockchain technology to provide value-add in areas such as fintech, AI, supply chain, and healthcare. Apply to receive research at www.alphasigma.fund/research.

    DISCLAIMER
    This is for informational use only. This is not investment advice. Other than disclosures relating to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC) this information is based on current public information that we consider reliable, but we do not represent it as accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our information as appropriate.

    Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company’s financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this press release.

    The information on which the information is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, the company website, the company white paper, pitchbook, and any other sources. While Alpha Sigma Capital has obtained data, statistics, and information from sources it believes to be reliable, Alpha Sigma Capital does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
    Unless otherwise provided in a separate agreement, Alpha Sigma Capital does not represent that the contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Alpha Sigma Capital and its officers, directors, and employees shall not be responsible or liable for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.

    Crypto and/or digital currencies involve substantial risk, are speculative in nature, and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.

    The MIL Network –

  • MIL-OSI: Onex Reports Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    All amounts in U.S. dollars unless otherwise stated

    TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) today announced its financial results for the fourth quarter and year ended December 31, 2024.

    “Our focus, every day, is growing long-term shareholder value,” said Bobby Le Blanc, CEO and President. “In private equity, we are investing in strategies and verticals that have the strongest potential for future risk-adjusted returns. Overall, the PE teams raised over $1.5 billion in 2024. Our Structured Credit platform had another active quarter and an outstanding year, having raised or extended more than $13 billion of fee-generating assets during 2024 while growing fee related earnings. Shareholders continue to benefit from our strong balance sheet and liquidity position, and most recently through our substantial issuer bid.”  

    Financial Results
    ($ millions except per share amounts)

    Quarter Ended Dec. 31

    Year Ended Dec. 31
      2024   2023   2024   2023  
    Net earnings (loss) $ (2 ) $ 373   $ 303   $ 529  
    Net earnings (loss) per diluted share $ (0.02 ) $ 4.81   $ 4.00   $ 6.65  
                     
    Investing segment net earnings $ 29   $ 326   $ 344   $ 815  
    Asset management segment net earnings   18     46     21     2  
    Total segment net earnings (1) $ 47   $ 372   $ 365   $ 817  
    Total segment net earnings per fully diluted share(2) $ 0.62   $ 4.80   $ 4.74   $ 10.23  
    Asset management fee-related earnings(3) $ 6   $ 3   $ 6   $ 12  
    Total fee-related earnings (loss)(4) $ (1 ) $ (2 ) $ (21 ) $ (14 )
    Distributable earnings(5) $ 231   $ 139   $ 617   $ 797  


    Highlights

    • Onex had approximately $8.3 billion of investing capital, or $113.70 (C$163.54) per fully diluted share(6) at December 31, 2024. Onex’ investing capital per fully diluted share returned 6% for the year ended December 31, 2024 or 15% in Canadian dollars. Over the last five years, investing capital per fully diluted share has had a compound annual return of 13%.
    • Onex’ private equity investments had net gains of $11 million in the fourth quarter of 2024 (Q4 2023: net gains of $250 million). Investments in Credit strategies generated net gains of $16 million in the fourth quarter of 2024 (Q4 2023: net gains of $66 million).
    • Onex raised approximately $2.8 billion in fee-generating capital across its Private Equity and Credit platforms in the fourth quarter and $8.8 billion in fiscal 2024.
    • The Onex Partners Opportunities Fund has raised aggregate commitments of approximately $1.2 billion, including affiliated vehicles and Onex’ commitment of $400 million. The Fund completed its second acquisition in December.
    • ONCAP V has reached aggregate commitments of approximately $1.1 billion, including Onex’ commitment of $250 million, with a final close expected at the end of Q1 2025. In December, ONCAP II and ONCAP III completed the sale of PURE Canadian Gaming.  
    • Collectively, our private equity teams returned approximately $3.0 billion of capital to Limited Partners in 2024, including approximately $1.0 billion to Onex.
    • Onex Credit raised or extended a total of $13.0 billion of fee-generating assets across its CLO platform in 2024. Fee-generating assets under management (FGAUM) within the Structured Credit platform increased 34% in 2024. Activity in Q4 includes closing of five new CLOs for approximately $2.6 billion in new fee-generating assets. The Credit platform contributed $27 million of fee-related earnings (FRE) in 2024, with year-end run-rate FRE of $40 million.
    • Onex repurchased 2,277,722 Subordinate Voting Shares (SVS) in the fourth quarter for a total cost of $185 million (C$266 million) or an average cost per share of $81.18 (C$116.82). Onex repurchased 5,693,741 SVS in 2024, capturing approximately $215 million of value for remaining shareholders.
    • Onex had $35.2 billion of FGAUM at December 31, 2024, a 17%(7) increase over the last 12 months. Run-rate management fees(8) increased to $195 million at December 31, 2024.
    • Unrealized carried interest from funds managed by Onex was $286 million at December 31, 2024.
    • Onex’ cash and near-cash(9) balance was $1.6 billion or 19% of Onex’ investing capital as of December 31, 2024 (December 31, 2023 – $1.5 billion or 17%).

    Dividend Declaration

    The Board of Directors has declared a first quarter dividend of C$0.10 per Subordinate Voting Share payable on April 30, 2025, to shareholders of record on April 10, 2025.

    Webcast

    Onex management will host a webcast to review Onex’ fourth quarter 2024 results on Friday, February 21, 2025 at 11:00 a.m. ET. The webcast will be available in listen-only mode from the Presentations and Events section of Onex’ website, https://www.onex.com/events-and-presentations. A 90-day on-line replay will be available shortly following the completion of the event.

    Additional Information

    Enclosed are supplementary financial schedules related to Onex’ consolidated net earnings, investing capital, fee-related earnings (loss), distributable earnings, and cash and near-cash changes for the three and 12 months ended December 31, 2024. The financial statements prepared in accordance with IFRS Accounting Standards, including Management’s Discussion and Analysis of the results, are posted on Onex’ website, www.onex.com, and are also available on SEDAR+ at www.sedarplus.ca. A supplemental information package with additional information is available on Onex’ website, www.onex.com.

    About Onex

    Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $51.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

    Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.

    Forward-Looking Statements

    This press release may contain, without limitation, statements concerning possible or assumed future operations, performance or results preceded by, followed by or that include words such as “believes”, “expects”, “potential”, “anticipates”, “estimates”, “intends”, “plans” and words of similar connotation, which would constitute forward-looking statements. Forward-looking statements are not guarantees. The reader should not place undue reliance on forward-looking statements and information because they involve significant and diverse risks and uncertainties that may cause actual operations, performance or results to be materially different from those indicated in these forward-looking statements. Except as may be required by Canadian securities law, Onex is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or other factors. These cautionary statements expressly qualify all forward-looking statements in this press release.

    Non-GAAP Financial Measures

    This press release contains non-GAAP financial measures which have been calculated using methodologies that are not in accordance with IFRS Accounting Standards. The presentation of financial measures in this manner does not have a standardized meaning prescribed under IFRS Accounting Standards and is therefore unlikely to be comparable to similar financial measures presented by other companies. Onex management believes these financial measures provide useful information to investors. Reconciliations of the non-GAAP financial measures to information contained in the consolidated financial statements have been presented where practical.

    For Further Information:

    Jill Homenuk
    Managing Director – Shareholder
    Relations and Communications
    Tel: +1 416.362.7711    		 Zev Korman
    Vice President, Shareholder
    Relations and Communications
    Tel: +1 416.362.7711


    Supplementary Financial Schedules

        Quarter ended December 31
        2024(i) 2023(i)
    		  
    ($ millions except per share amounts)   Investing     Asset Management     Total   Total
    		  
    Segment income $ 29   $ 70   $ 99   $ 435  
    Segment expenses   –     (52 )   (52 )   (63 )
    Segment net earnings $ 29   $ 18   $ 47   $ 372  
                     
    Stock-based compensation expense             (33 )   (33 )
    Amortization of property, equipment and intangible assets, excluding right-of-use assets (3 )   (4 )
    Restructuring expenses, net       (10 )   (6 )
    Unrealized carried interest included in segment net earnings – Credit   (5 )   (6 )
    Realized performance fees previously recognized in segment net earnings   2     5  
    Contingent consideration recovery   –     42  
    Impairment reversal of property and equipment   –     2  
    Integration expenses   –     (1 )
    Other   1     2  
    Earnings (loss) before income taxes   (1 )   373  
    Provision for income taxes   (1 )   –  
    Net earnings (loss)           $ (2 ) $ 373  
                     
    Segment net earnings per fully diluted share $ 0.38   $ 0.24   $ 0.62   $ 4.80  
    Net earnings (loss) per share                
    Basic           $ (0.02 ) $ 4.82  
    Diluted           $ (0.02 ) $ 4.81  

    (i) Refer to pages 27 and 28 of Onex’ 2024 Annual MD&A for further details concerning the composition of segmented results.

        Year ended December 31
        2024(i) 2023(i)
    		  
    ($ millions except per share amounts)   Investing     Asset Management     Total   Total
    		  
    Segment income $ 344   $ 252   $ 596   $ 1,098  
    Segment expenses   –     (231 )   (231 )   (281 )
    Segment net earnings $ 344   $ 21   $ 365   $ 817  
                     
    Stock-based compensation expense             (36 )   (75 )
    Amortization of property, equipment and intangible assets, excluding right-of-use assets (15 )   (24 )
    Restructuring expenses, net       (21 )   (46 )
    Carried interest from Falcon Funds previously recognized in segment net earnings   25     –  
    Unrealized carried interest included in segment net earnings – Credit   (10 )   (17 )
    Unrealized performance fees included in segment net earnings   (3 )   –  
    Impairment of goodwill, intangible assets and property and equipment   –     (162 )
    Contingent consideration recovery   –     42  
    Integration expenses   –     (4 )
    Other   –     1  
    Earnings before income taxes   305     532  
    Provision for income taxes   (2 )   (3 )
    Net earnings           $ 303   $ 529  
                     
    Segment net earnings per fully diluted share $ 4.45   $ 0.29   $ 4.74   $ 10.23  
    Net earnings per share                
    Basic           $ 4.01   $ 6.66  
    Diluted           $ 4.00   $ 6.65  

    (i) Refer to pages 27 and 29 of Onex’ 2024 Annual MD&A for further details concerning the composition of segmented results.

    Investing Capital(i)

    ($ millions except per share amounts)

    		 December 31, 2024
    		   December 31, 2023
    		  
    Private Equity            
    Onex Partners Funds $ 4,072   $ 4,445  
    ONCAP Funds   795     929  
    Other Private Equity   587     407  
    Carried Interest   264     252  
        5,718     6,033  
    Private Credit          
    Investments   924     904  
    Carried Interest   22     29  
        946     933  
               
    Real Estate   –     18  
    Cash and Near-Cash   1,578     1,466  
    Other Net Assets (Liabilities)   31     (17 )
    Investing Capital $ 8,273   $ 8,433  
    Investing Capital per fully diluted share (U.S. dollars)(ii) $ 113.70   $ 107.82  
    Investing Capital per fully diluted share (Canadian dollars)(ii) $ 163.54   $ 142.61  

    (i) Refer to the glossary in Onex’ Q4 2024 Annual MD&A for further details concerning the composition of investing capital.

    (ii) Fully diluted shares for investing capital per share were 72.8 million at December 31, 2024.

    Fee-Related Earnings (Loss) and Distributable Earnings

    ($ millions) Quarter Ended
    December 31, 2024    		   Quarter Ended
    December 31, 2023    		  
    Private Equity
    Management and advisory fees

    $

    25

    		  

    $

    26

    		  
    Total fee-related revenues from Private Equity $ 25   $ 26  
    Compensation expense   (17 )   (24 )
    Support and other net expenses   (8 )   (10 )
    Net contribution $ –   $ (8 )
             
    Structured Credit        
    Management and advisory fees $ 21   $ 16  
    Total fee-related revenues from Structured Credit $ 21   $ 16  
    Compensation expense   (6 )   (5 )
    Support and other net expenses   (3 )   (1 )
    Net contribution $ 12   $ 10  
             
    Other Credit
    Management and advisory fees
    Performance fees    		 $ 4
    1    		   $ 15
    4    		  
    Total fee-related revenues from Other Credit $ 5   $ 19  
    Compensation expense   (6 )   (9 )
    Support and other net expenses   (5 )   (9 )
    Net contribution $ (6 ) $ 1  
             
    Asset management fee-related earnings $ 6   $ 3  
             
    Public Company and Onex Capital Investing        
    Compensation expense $ (3 ) $ (1 )
    Other net expenses   (4 )   (4 )
    Total expenses $ (7 ) $ (5 )
             
    Total fee-related earnings (loss) $ (1 ) $ (2 )
             
    Realized carried interest(i) $ 2   $ 7  
    Net realized gain on corporate investments   230     134  
    Distributable earnings $ 231   $ 139  

    (i) Includes realized carried interest from the Falcon Funds, when applicable.

    ($ millions) Year Ended
    December 31, 2024    		   Year Ended
    December 31, 2023    		  
    Private Equity
    Management and advisory fees    		 $ 93   $ 112  
    Total fee-related revenues from Private Equity $ 93   $ 112  
    Compensation expense   (76 )   (85 )
    Support and other net expenses   (38 )   (39 )
    Net contribution $ (21 ) $ (12 )
             
    Structured Credit
    Management and advisory fees
    Performance fees    		 $ 76
    4    		   $ 61
    –    		  
    Total fee-related revenues from Structured Credit $ 80   $ 61  
    Compensation expense   (24 )   (22 )
    Support and other net expenses   (12 )   (9 )
    Net contribution $ 44   $ 30  
             
    Other Credit
    Management and advisory fees
    Performance fees    		 $ 31
    4    		   $ 79
    13    		  
    Other income   2     2  
    Total fee-related revenues from Other Credit $ 37   $ 94  
    Compensation expense   (23 )   (48 )
    Support and other net expenses   (31 )   (52 )
    Net contribution $ (17 ) $ (6 )
             
    Asset management fee-related earnings $ 6   $ 12  
             
    Public Company and Onex Capital Investing        
    Compensation expense $ (13 ) $ (11 )
    Other net expenses   (14 )   (15 )
    Total expenses $ (27 ) $ (26 )
             
    Total fee-related earnings (loss) $ (21 ) $ (14 )
             
    Realized carried interest(i) $ 19   $ 16  
    Net realized gain on corporate investments   619     795  
    Distributable earnings $ 617   $ 797  

    (i) Includes realized carried interest from the Falcon Funds, when applicable.

    Fee-related earnings (loss) and distributable earnings are non-GAAP financial measures. The tables below provide reconciliations of Onex’ net earnings (loss) to fee-related earnings (loss) and distributable earnings during the quarters and years ended December 31, 2024 and 2023.

    ($ millions) Quarter Ended
    December 31, 2024    		   Quarter Ended
    December 31, 2023
    		  
    Net earnings (loss) $ (2 ) $ 373  
    Provision for income taxes   1     –  
    Earnings (loss) before income taxes   (1 )   373  
    Stock-based compensation expense   33     33  
    Amortization of property, equipment and intangible assets, excluding right-of-use assets 3     4  
    Restructuring expenses, net   10     6  
    Unrealized carried interest included in segment net earnings – Credit 5     6  
    Realized performance fees previously recognized in segment net earnings (2 )   (5 )
    Contingent consideration recovery –     (42 )
    Impairment reversal of property and equipment –     (2 )
    Integration expenses –     1  
    Other   (1 )   (2 )
    Total segment net earnings   47     372  
    Investing segment net earnings   (29 )   (326 )
    Net gain from carried interest(i)   (19 )   (48 )
    Total fee-related earnings (loss)   (1 )   (2 )
    Realized carried interest(i)   2     7  
    Realized gain on corporate investments   230     134  
    Total distributable earnings $ 231   $ 139  

    (i) Includes carried interest Onex is entitled to from the Falcon Funds.

    ($ millions) Year Ended
    December 31, 2024
    		   Year Ended
    December 31, 2023
    		  
    Net earnings $ 303   $ 529  
    Provision for income taxes   2     3  
    Earnings before income taxes   305     532  
    Stock-based compensation expense   36     75  
    Amortization of property, equipment and intangible assets, excluding right-of-use assets 15     24  
    Restructuring expenses, net   21     46  
    Carried interest from Falcon funds previously recognized in segment net earnings (25 )   –  
    Unrealized carried interest included in segment net earnings – Credit 10     17  
    Unrealized performance fees included in segment net earnings 3     –  
    Impairment of goodwill, intangible assets and property and equipment –     162  
    Contingent consideration recovery –     (42 )
    Integration expenses –     4  
    Other   –     (1 )
    Total segment net earnings   365     817  
    Investing segment net earnings   (344 )   (815 )
    Net gain from carried interest(i)   (42 )   (16 )
    Total fee-related earnings (loss)   (21 )   (14 )
    Realized carried interest(i)   19     16  
    Realized gain on corporate investments   619     795  
    Total distributable earnings $ 617   $ 797  

    (i) Includes carried interest Onex is entitled to from the Falcon Funds.

    Cash and Near-Cash

    The table below provides a breakdown of cash and near-cash at Onex as at December 31, 2024 and December 31, 2023.

    ($ millions) December 31, 2024
    		   December 31, 2023
    		  
    Cash and cash equivalents – Investing segment(i) $ 840   $ 142  
    Management fees and recoverable fund expenses receivable(ii)   464     615  
    Cash and cash equivalents within Investment Holding Companies(iii)   156     398  
    Treasury investments   83     –  
    Subscription financing and short-term loan receivable(iv)   35     114  
    Treasury investments within Investment Holding Companies   –     197  
    Cash and near-cash $ 1,578   $ 1,466  

    (i) Excludes cash and cash equivalents allocated to the asset management segment related to accrued incentive compensation ($89 million (December 31, 2023 – $108 million)). The December 31, 2023 balance also excludes $15 million of cash and cash equivalents allocated to the asset management segment concerning the contingent consideration related to the 2020 acquisition of Onex Falcon.

    (ii) Includes management fees and recoverable fund expenses receivable from certain funds which Onex has elected to defer cash receipt from.

    (iii) Cash and cash equivalents is reduced by Onex’ share of uncalled expenses payable by the Investment Holding Companies of $36 million (December 31, 2023 – $35 million) and $2 million payable by the Investment Holding Companies for Onex’ management incentive programs related to a private equity realization (December 31, 2023 – less than $1 million). The December 31, 2023 balance also includes $22 million of restricted cash and cash equivalents for which the Company can readily remove the external restriction or for which the restriction will be removed in the near term.

    (iv) Includes $35 million of subscription financing receivable, including interest receivable, attributable to third-party investors in Onex Partners V and ONCAP V Funds (December 31, 2023 – $77 million attributable to third-party investors in certain Credit Funds, Onex Partners V and ONCAP V Funds). The December 31, 2023 balance also includes $37 million related to a short-term loan receivable from an Onex Partners operating company, which was repaid during 2024.

    The table below provides a reconciliation of the change in cash and near-cash from December 31, 2023 to December 31, 2024.

    ($ millions)    
    Cash and near-cash at December 31, 2023 $ 1,466  
    Private equity realizations and distributions   1,009  
    Private equity investments   (409 )
    Net private credit strategies investment activity   56  
    Repurchase of share capital of Onex Corporation (417 )
    Net stock-based compensation paid (60 )
    Cash dividends paid (23 )
    Reversal of Onex Falcon contingent consideration 15  
    Net other, including cash flows from asset management activities, operating costs and changes in working capital   (59 )
    Cash and near-cash at December 31, 2024 $ 1,578  

    (1) Refer to pages 27, 28 and 29 of Onex’ 2024 Annual MD&A for further details concerning the composition of segment net earnings. A reconciliation of total segment net earnings to net earnings (loss) is provided in the supplementary financial schedules in this press release.
    (2) Refer to the glossary in Onex’ 2024 Annual MD&A for details concerning the composition of fully diluted shares.
    (3) Asset management fee-related earnings excludes Onex’ public company expenses and other expenses associated with managing Onex’ investing capital and is a component of total fee-related earnings (loss).
    (4) Total fee-related earnings (loss) is a non-GAAP financial measure that does not have a standardized meaning prescribed under International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”). Therefore, it may not be comparable to similar financial measures disclosed by other companies. The most directly comparable financial measure under IFRS Accounting Standards to fee-related earnings (loss) is Onex’ net earnings (loss). Refer to the 2024 Results & Activity section of Onex’ 2024 Annual MD&A and the supplementary financial schedules in this press release for further details concerning fee-related earnings (loss).
    (5) Distributable earnings is a non-GAAP financial measure that does not have a standardized meaning prescribed under IFRS Accounting Standards. Therefore, it may not be comparable to similar financial measures disclosed by other companies. The most directly comparable financial measure under IFRS Accounting Standards to distributable earnings is Onex’ net earnings (loss). Refer to the 2024 Results & Activity section of Onex’ 2024 Annual MD&A and the supplementary financial schedules in this press release for further details concerning distributable earnings.
    (6) Refer to the glossary in Onex’ 2024 Annual MD&A for details concerning the composition of investing capital per fully diluted share. The percentage changes in investing capital per share exclude the impact of capital deployed in Onex’ asset management segment, where applicable, and dividends paid by Onex.
    (7) Adjusted to exclude the impact from the transfer of Onex Falcon.
    (8) Refer to the glossary in Onex’ 2024 Annual MD&A for details concerning the composition of run-rate management fees.
    (9) Cash and near-cash is a non-GAAP financial measure calculated using methodologies that are not in accordance with IFRS Accounting Standards. The presentation of this measure does not have a standardized meaning prescribed under IFRS Accounting Standards and therefore might not be comparable to similar financial measures presented by other companies. The most directly comparable financial measure under IFRS Accounting Standards to cash and near-cash is Onex’ consolidated cash and cash equivalents balance, which was $929 million at December 31, 2024 (December 31, 2023 – $265 million). Refer to the Cash and Near-Cash section of Onex’ 2024 Annual MD&A and the supplementary financial schedules in this press release for further details concerning Onex’ cash and near-cash.

    The MIL Network –

  • MIL-OSI: TGS: Mandatory notification of trade

    Source: GlobeNewswire (MIL-OSI)

    OSLO, NORWAY (21 February 2025) – Luis Araujo, a Board Member of TGS, has today purchased 7,000 shares in TGS ASA at a price of NOK 110.3 per share. 

    Following the transaction he owns 10,650 shares in TGS. 

    Attachment

    The MIL Network –

  • MIL-OSI: 2025’s The Showdown 5 Sets Sales Pace Record

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 21, 2025 (GLOBE NEWSWIRE) — With just over one month until kick-off, The Showdown 5, in association with StoneX Group Inc., has achieved its fastest-ever sales rate. More than 45,000 tickets have already been sold for the pivotal London derby between Saracens Rugby Club and Harlequins F.C. at the Tottenham Hotspur Stadium on Saturday, 22 March.

    This exceptional demand highlights the excitement for one of the Premiership’s biggest games of the season, featuring international stars like Maro Itoje, Jamie George, Ben Earl, Elliot Daly, Danny Care, and Marcus Smith.

    Last year’s Showdown 4 saw Saracens shine in a convincing 52-7 victory over Harlequins, in what proved to be Owen Farrell’s 250th appearance for Saracens. March’s upcoming Showdown promises to reignite one of London’s most intense rivalries, with the Sarries seeking to replicate their dominant display while Harlequins look for sporting revenge. The stage is set for a battle for crucial points, with both teams currently chasing the pack in the Premiership.

    Following last year’s event, which drew 61,000 fervent fans to the state-of-the-art Tottenham Hotspur Stadium, 2025’s Showdown 5 promises an even greater sporting spectacle. Attendees can look forward to an expanded five-hour entertainment programme including live music and a spectacular fireworks display. Plus, the venue is host to Europe’s longest bar and in-house brewery.

    About StoneX Group Inc.

    StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders, and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. The group strives to be the one trusted partner to its clients, providing its network, products, and services to enable them to pursue trading opportunities, manage market risks, make investments, and improve business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its 4,300+ employees serve more than 54,000 commercial, institutional, and global payments clients, as well as more than 400,000 retail accounts, from more than 80 offices spread across six continents.

    The MIL Network –

  • MIL-OSI: AGF Investments Announces February 2025 Cash Distributions for AGF Enhanced U.S. Equity Income Fund, AGF Total Return Bond Fund and AGF Systematic Global Infrastructure ETF

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 21, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) today announced the February 2025 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions. Unitholders of record on February 28, 2025 will receive cash distributions payable on March 6, 2025.

    Details regarding the final “per unit” distribution amounts are as follows:

    ETF Ticker Exchange  Cash Distribution Per Unit ($)
    AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc.  $0.141900
    AGF Total Return Bond Fund* ATRB Cboe Canada Inc.  $0.081000
    AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc.  $0.142787

    *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option.

    Further information about the AGF ETFs can be found at AGF.com.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    AGF ETFs are ETFs offered by AGF Investments Inc. ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $54 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

  • MIL-OSI: StoneX Payments to Showcase Cross-Border FX Capabilities at BAFT Europe Bank-to-Bank Forum 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 21, 2025 (GLOBE NEWSWIRE) — StoneX Group Inc. (“StoneX”; NASDAQ: SNEX) announced that its Payments Division (“StoneX Payments”) will participate as a sponsor and speaker at the 2025 BAFT Europe Bank-to-Bank Forum in Amsterdam. The event brings together senior banking executives, regulators, and industry experts to discuss the evolving landscape of cross-border payments and banking relationships.

    StoneX Payments will highlight its institutional-grade infrastructure, which enables banks, credit unions, and financial institutions to execute efficient, transparent international payments across more than 140 currencies and 180 countries.

    Expanding Access to Cross-Border FX Solutions

    StoneX Payments continues to strengthen its position as a trusted partner for financial institutions looking to enhance their FX payment capabilities. By leveraging its network of nearly 400 correspondent banks and deep market expertise, StoneX provides seamless currency flows, competitive pricing, and full principal protection to clients operating in complex financial environments.

    As part of the event’s agenda, David Willacy, Head of Trading EMEA – Payments FX at StoneX, will deliver a presentation on cross-border FX transactions in emerging and lesser-traded currencies, focusing on key challenges such as liquidity, settlement risks, and regulatory constraints.

    Session: “Navigating the Complexities of Cross-border FX Payments in Exotic Currencies: Opportunities for European Corporates and Banks”
    Date: March 11, 2025 | Time: 16:40 – 17:00
    Speaker: David Willacy, Head of Trading EMEA – Payments FX, StoneX

    Enhancing Financial Institutions’ Payment Strategies

    Banks and financial institutions face a growing demand for faster, lower-cost, and more transparent international transactions. StoneX Payments works closely with clients to eliminate inefficiencies, reduce transaction costs, and ensure seamless cross-border payments, even in traditionally hard-to-access markets.

    Connect with StoneX Payments at BAFT Europe

    StoneX Payments representatives will be available for one-on-one discussions about customized strategies to improve cross-border payment capabilities for financial institutions. To schedule a meeting, email payments@stonex.com.

    About StoneX Group Inc.

    StoneX Group Inc. (NASDAQ: SNEX) is a Fortune 100 global financial services company that provides execution, risk management, advisory, and market access solutions across commodities, securities, global payments, and foreign exchange. Headquartered in New York City, StoneX and its 4,300+ employees serve more than 54,000 commercial, institutional, and global payments clients, as well as 400,000+ retail accounts, from over 80 offices spanning six continents.

    For additional information about StoneX Payments and its participation in BAFT Europe Bank-to-Bank Forum 2025, click here.

    NASDAQ: SNEX

    www.stonex.com

    The MIL Network –

  • MIL-OSI: QCR Holdings, Inc. Announces a Cash Dividend of $0.06 Per Share

    Source: GlobeNewswire (MIL-OSI)

    MOLINE, Ill., Feb. 21, 2025 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced that on February 19, 2025, the Company’s Board of Directors declared a cash dividend of $0.06 per share payable on April 3, 2025, to holders of common stock of the Company of record on March 19, 2025.

    About Us
    QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its four wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994; Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001; Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016; and Guaranty Bank (formerly known as Springfield Fist Community Bank), based in Springfield, Missouri, was acquired by the Company in 2018. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of December 31, 2024, the Company had $9.0 billion in assets, $6.8 billion in loans and $7.1 billion in deposits. For additional information, please visit the Company’s website at www.qcrh.com.

    Contact:
    Todd A. Gipple
    President
    Chief Financial Officer
    (309) 743-7745
    tgipple@qcrh.com

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