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Cision Canada
2 days ago
- Business
- Cision Canada
Cargojet Announces Inaugural Issuer Credit Rating of BBB (low) With a Stable Trend by Morningstar DBRS
MISSISSAUGA, ON, June 19, 2025 /CNW/ - Cargojet Inc. (" Cargojet" or the " Corporation") (TSX: CJT) today announced that Morningstar DBRS has assigned the Corporation an investment-grade issuer credit rating of BBB (low), with a stable trend. In assigning the rating, Morningstar DBRS cited Cargojet's contracted recurring revenue profile, efficient operations, leading market position in the Canadian domestic overnight air cargo market, and commitment to maintaining leverage within its publicly stated target range. "The assignment of an investment-grade credit validates the strength of our diversified portfolio of Domestic, Charters and ACMI offerings and disciplined approach to cost management," said Jamie Porteous, Co-Chief Executive Officer. "This achievement reinforces our strategic objectives of strengthening our financial position while continuing to build a platform focused on long-term sustainable growth. It also provides us the flexibility to pursue opportunities to improve our cost of capital and strengthen our balance sheet depending on market conditions" said Pauline Dhillon, Co-Chief Executive Officer. The Corporation also announced that it has posted an updated investor presentation to the Investor section of its website at: About Cargojet Cargojet is Canada's leading provider of time sensitive premium air cargo services to all major cities across North America, providing dedicated, ACMI and international charter services and carries over 25,000,000 pounds of cargo weekly. Cargojet operates its network with its own fleet of 41 cargo aircraft. Notice on Forward-Looking Statements: Certain statements contained herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans", "intends", "anticipates", "should", "estimates", "expects", "believes", "indicates", "targeting", "suggests" and similar expressions, and includes statements relating to potential opportunities to improve the Corporation's cost of capital and strengthen its balance sheet. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the Corporation's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Consolidated Financial Statements and Notes thereto and related Management's Discussion and Analysis, for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. Without limiting the foregoing, there can be no assurance that the Corporation will maintain an investment grade credit rating or improve its cost of capital on favourable terms. The forward-looking statements contained in this news release represent Cargojet's expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and are subject to change after such date. However, Cargojet disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events or otherwise, except as required under applicable securities laws. In the event Cargojet does update any forward-looking statement, no inference should be made that Cargojet will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Cision Canada
5 days ago
- Business
- Cision Canada
Cargojet Appoints Aaron McKay As Chief Financial Officer
MISSISSAUGA, ON, June 16, 2025 /CNW/ - Cargojet Inc. (TSX: is pleased to announce the appointment of Mr. Aaron McKay as Chief Financial Officer, effective August 1, 2025. Mr. McKay brings extensive expertise in the airline industry, with a proven track record in senior financial leadership roles. His strategic acumen and deep understanding of financial operations will significantly strengthen Cargojet's executive team as the company continues to drive growth and operational excellence. "We are delighted to welcome Aaron as our Chief Financial Officer," said Co-CEOs Jamie B. Porteous and Pauline Dhillon in a joint statement. "His exceptional financial expertise and industry insights will be instrumental in guiding Cargojet's strategic initiatives and ensuring sustained financial success. We are confident Aaron's leadership will further solidify our position as a market leader." Cargojet is Canada's premier provider of time-sensitive air cargo services, serving major cities across North America. Operating a fleet of 41 cargo aircraft, the company delivers dedicated, ACMI, and international charter services, transporting over 25 million pounds of cargo weekly. With a commitment to reliability and innovation, Cargojet continues to set the standard for premium air cargo solutions. Notice on Forward Looking Statements: Certain statements contained herein constitute "forward-looking statements". Forward-looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests" and similar expressions. These forward-looking statements are based on current expectations and entail various risks and uncertainties. Reference should be made to the issuer's most recent Annual Information Form filed with the Canadian securities regulators, and its most recent Annual Consolidated Financial Statements and Quarterly Financial Statements and Notes thereto and related Management's Discussion and Analysis (MD&A), for a summary of major risks. Actual results may materially differ from expectations, if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The issuer assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason, other than as required by applicable securities laws. In the event the issuer does update any forward-looking statement, no inference should be made that the issuer will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
EASTERN PLATINUM LIMITED ANNOUNCES CYBERSECURITY INCIDENT
VANCOUVER, BC, June 16, 2025 /CNW/ – On May 27, 2025, Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ('Eastplats') detected a cybersecurity incident affecting its internal IT systems. Upon detection, Eastplats took immediate containment measures to protect its network and data. Eastplats has since been working with cybersecurity experts to thoroughly investigate the incident's scope and undertake necessary remedial action. Importantly, Eastplats' business operations have continued without disruption. Certain files related to its internal affairs were disclosed without authorization by third parties on a restricted part of the internet. Eastplats is actively reviewing these files to ensure ongoing compliance with its legal obligations and to safeguard its commercial interests. Eastplats' priorities include the protection and continuous enhancement of its data security and systems. This incident has been reported to the appropriate authorities and Eastplats is committed to maintaining the trust and confidence of its stakeholders. About Eastern Platinum Limited Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively. Cautionary Statement Regarding Forward-Looking Information This news release contains 'forward-looking statements' or 'forward-looking information' (collectively referred to herein as 'forward-looking statements') within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'will,' 'plan,' 'intends,' 'may,' 'could,' 'expects,' 'anticipates' and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on In particular, this press release contains, without limitation, forward-looking statements pertaining tom amongst other things, our assessment of the scope and impact of the cybersecurity incident and related remedial action and enhancement of the Company's security systems. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries. All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement, the 'Cautionary Statement on Forward-Looking Information' section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on The forward-looking statements in this news release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Cision Canada
5 days ago
- Business
- Cision Canada
EASTERN PLATINUM LIMITED ANNOUNCES CYBERSECURITY INCIDENT
VANCOUVER, BC, June 16, 2025 /CNW/ - On May 27, 2025, Eastern Platinum Limited (TSX: ELR) (JSE: EPS) (" Eastplats") detected a cybersecurity incident affecting its internal IT systems. Upon detection, Eastplats took immediate containment measures to protect its network and data. Eastplats has since been working with cybersecurity experts to thoroughly investigate the incident's scope and undertake necessary remedial action. Importantly, Eastplats' business operations have continued without disruption. Certain files related to its internal affairs were disclosed without authorization by third parties on a restricted part of the internet. Eastplats is actively reviewing these files to ensure ongoing compliance with its legal obligations and to safeguard its commercial interests. Eastplats' priorities include the protection and continuous enhancement of its data security and systems. This incident has been reported to the appropriate authorities and Eastplats is committed to maintaining the trust and confidence of its stakeholders. About Eastern Platinum Limited Eastplats owns directly and indirectly a number of PGM and chrome assets in the Republic of South Africa. All of the Company's properties are situated on the western limb (Crocodile River Mine) and eastern limb (Kennedy's Vale, Spitzkop, Mareesburg) of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. Operations at the Crocodile River Mine currently include mining and processing ore from the Zandfontein underground section to both produce PGM and chrome concentrates, respectively. Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as " forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "will," "plan," "intends," "may," "could," "expects," "anticipates" and similar expressions. Further disclosure of the risks and uncertainties facing the Company and other forward-looking statements are discussed in the Company's most recent Annual Information Form available under the Company's profile on In particular, this press release contains, without limitation, forward-looking statements pertaining tom amongst other things, our assessment of the scope and impact of the cybersecurity incident and related remedial action and enhancement of the Company's security systems. These forward-looking statements are based on assumptions made by and information currently available to the Company. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties and readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results to differ materially from the beliefs, plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, unanticipated problems that may arise in the Company's production processes, commodity prices, lower than expected grades and quantities of resources, need for additional funding and availability of such additional funding on acceptable terms, economic conditions, currency fluctuations, competition and regulations, legal proceedings and risks related to operations in foreign countries. All forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement, the " Cautionary Statement on Forward-Looking Information" section contained in the Company's most recent Management's Discussion and Analysis available under the Company's profile on The forward-looking statements in this news release are made as of the date they are given and, except as required by applicable securities laws, the Company disclaims any intention or obligation, and does not undertake, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE Eastern Platinum Ltd.
Cision Canada
11-06-2025
- Business
- Cision Canada
Fiera Capital Selected by ATB Investment Management Inc. to manage the ATB US Large Cap Equity Fund
, June 11, 2025 /CNW/ - Fiera Capital Corporation (TSX: FSZ) ("Fiera Capital"), a leading independent asset-management firm, today announced that it has been selected by ATB Investment Management Inc. ("ATBIM"), the asset management arm of ATB Financial, to manage the ATB US Large Cap Equity Fund. ATBIM, a wholly owned subsidiary of ATB Financial with more than C$25.2 billion in assets under management, will make the ATB US Large Cap Equity Fund available to its advisor base. The strategy, led by veteran portfolio manager Sunil Reddy, Head of Fiera Apex, applies a disciplined process that blends top-down thematic research with bottom-up stock selection, targeting both stable and emerging growth companies to seek long-term capital appreciation and resilience in down markets. "ATB Investment Management's decision to partner with Fiera underscores a shared commitment to disciplined research-driven investment solutions and enhancing client outcomes," said Maxime Menard, President and Chief Executive Officer, Fiera Canada and Global Private Wealth. "We look forward to working with ATB IM to offer investors a compelling way to participate in the growth of leading U.S. companies." "We are very pleased to partner with Fiera Capital on the new ATB US Large Cap Equity Fund, following our rigorous manager selection process and our commitment to bringing top-tier investment capabilities to our clients. We value their deep expertise and disciplined investment philosophy, which aligns very well with our own," said Ian Filderman, President of ATB Investment Management. "This collaboration brings Fiera's strong expertise to our investment platform and solutions, directly powering possibilities for our clients." This partnership reflects Fiera Capital's ongoing commitment to expanding access to its institutional-quality investment platform in intermediary channels. About Fiera Capital Corporation Fiera Capital is a leading independent asset management firm with a growing global presence. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), Hong Kong (SAR) and Abu Dhabi (ADGM). Additional information about Fiera Capital, including the Company's Annual Information Form, is available on SEDAR+ at About ATB Investment Management Inc. ATB Investment Management (ATBIM), the asset management subsidiary of ATB Financial, provides a range of high-quality comprehensive investment management services and solutions. ATBIM's offerings include: a range of mutual funds, including the Compass Portfolios, and tailored discretionary investment management for high-net-worth individuals and institutions. Established over 20 years ago and with over $25.2 billion in assets under management 1, ATBIM provides trusted expertise and a commitment to client success. ATB Investment Management Inc. is registered as a Portfolio Manager across various Canadian securities commissions with the Alberta Securities Commission (ASC) being its principal regulator. ATB Investment Management Inc. is also registered as an Investment Fund Manager who manages the ATB Funds, Compass Portfolios and ATBIS Pools. ATBIM is a wholly owned subsidiary of ATB Financial and is a licensed user of the registered trademark ATB Wealth. About ATB Financial With $64.2 billion in assets, ATB Financial is a leading financial institution that started in Alberta with the focus of putting people first. Our success comes from our more than 5,000 team members who love to deliver exceptional experiences to over 835,000 clients across our Personal and Business Banking, ATB Wealth Management and ATB Capital Markets businesses. ATB provides expert advice, services and products through our many branches and agencies, our 24-hour Client Care Centre, four entrepreneur centres and our digital banking options. ATB powers possibilities for our clients, communities and beyond. ATB is bronze certified as part of the Partnership Accreditation in Indigenous Relations commissioned by the Canadian Council for Indigenous Business. Disclosure The information presented is for informational purposes only and is not intended to be, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any investment product. The information presented in this document, in whole or in part, is not investment, tax, legal or other advice, nor does it consider the investment objectives or financial circumstances of any investor. This document may contain "forward-looking statements" which reflect the current expectations of Fiera Capital and/or its Affiliates. These statements reflect current beliefs, expectations, and assumptions with respect to future events and are based on information currently available. Although based upon what Fiera Capital and its affiliates believe to be reasonable assumptions, there is no guarantee that actual results, performance, or achievements will be consistent with these forward-looking statements. There is no obligation for Fiera Capital and/or its Affiliates to update or to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE Fiera Capital Corporation
