Latest news with #equity
Yahoo
an hour ago
- Business
- Yahoo
Dividend 15 Split Corp. II At-The-Market Equity Program Renewed
TORONTO, June 20, 2025 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II (the 'Company') announces it has renewed its at-the-market equity program ('ATM Program') that allows the Company to issue shares of the Company to the public from time to time at the Company's discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the 'TSX') or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the 'Agent'). Sales of Class A Shares and Preferred Shares will be made by way of 'at-the-market distributions' as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company's short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at The volume and timing of distributions under the ATM Program, if any, will be determined at the Company's sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company. The Company invests primarily in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation. Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions 'expect', 'intend', 'will' and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company's publicly filed documents which are available at Investor Relations: 1-877-478-2372Local:
Telegraph
2 hours ago
- Business
- Telegraph
Issas' petrol station giant drops diversity goals before £13bn US listing
The Issa brothers' petrol station empire is rolling back diversity, equity and inclusion (DEI) targets as it gears up for a £13bn listing in the US. EG Group said it was no longer pursuing a goal to increase the number of women in senior leadership roles in the US, saying its diversity initiatives only applied 'in regions where legally permissible'. It previously had set a company-wide goal to increase the proportion of women in top roles to 40pc by 2025, from 20pc in 2021. However, the US – which is EG Group's largest market – has since been excluded from that objective. EG Group said it was also reviewing gender targets for the rest of the business, which includes operations in Australia and Europe. The UK arm of the company was sold last year. The retreat from diversity goals comes as EG appeared to fall short of its 40pc gender goal for 2025. By 2024, just 27pc of senior leadership roles were held by women, according to its latest filings, with the company admitting that this was 'some way off achieving [its] target'. The diversity shake-up comes as the billionaire Issa brothers push ahead with plans to list Blackburn-based EG Group in the US for as much as £13bn. EG Group is jointly owned by the Issa brothers and private equity firm TDR. TDR owns 50pc of the company, while Mohsin and Zuber hold 25pc each. The brothers have both stepped back from running the business over the past year. Meanwhile, the move to pull the US female representation target comes as more companies start to roll back their inclusivity programmes amid a crackdown by Donald Trump. The US president has banned companies with federal contracts from operating 'illegal' DEI programmes. It has meant a wave of UK businesses have started to ditch diversity efforts, including drug giant GSK and consulting giant Accenture. When addressing diversity in its latest report, EG said it wanted to ensure its targets 'are fit for purpose going forward and focused on the areas that matter most to our colleagues and customers, but also to our investors, regulators and wider society'. A spokesman said: 'EG Group complies with all relevant laws and regulations in the jurisdictions in which we operate. 'We remain committed to being an equitable and inclusive business, reflecting the diversity of our colleagues, customers and wider communities.'
Reuters
11 hours ago
- Business
- Reuters
Indian markets set for muted open as Middle East tensions spur caution
June 20 (Reuters) - India's equity benchmarks are poised for a subdued start on Friday, in line with broader Asian markets, as escalating tensions between Israel and Iran continue to rattle global investor sentiment. The Gift Nifty futures were trading at 24,777.5, as of 7:46 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near the previous close of 24,793.25. Both the Nifty and Sensex (.BSESN), opens new tab indexes ended flat in the previous session, while the broader markets fell on risk-aversion mode. Asian peers (.MIAPJ0000PUS), opens new tab opened subdued on Friday after reports that Israel had bombed Iranian nuclear sites, triggering retaliatory missile and drone strikes from Iran. The White House said U.S. President Donald Trump would decide within two weeks whether the U.S. would back Israel militarily. Wall Street equities were closed on Thursday. "Investors are treading cautiously, with fears of U.S. involvement adding a fresh layer of uncertainty to an already volatile environment," said Vinod Nair, Head of Research at Geojit Financial Services. Domestic institutional investors (DII) remained net buyers of Indian stocks for the 23rd consecutive session on Thursday, with net inflows of 11.13 billion rupees ($128 million) in the previous session, cushioning volatile foreign flows and lending liquidity support to the markets. ** Mastek ( opens new tab launches a comprehensive suite of AI solutions aimed at driving enterprise-wide AI adoption ** Nestle India ( opens new tab says it will consider issuing bonus shares at a board meeting scheduled on June 26 ** ITD Cementation ( opens new tab secures contracts worth 9.6 billion rupees ** HDFC Bank's ( opens new tab unit HDB Financial Services sets a price band of 700-740 rupees per share for its initial public offering; issue to run from June 25-27 ($1 = 86.8130 Indian rupees)
News.com.au
19 hours ago
- Business
- News.com.au
End of financial year review: Does your home loan measure up?
The end of a financial year often brings a natural focus on finances — especially if you are investing in property as you prepare for tax returns. As one of your biggest financial commitments, it's the perfect time to review your home loan to ensure it meets your goals for the financial year ahead. Some borrowers have already kicked off their reviews, with the latest Mortgage Choice Home Loan Report revealing the value of refinance loans was up 30 per cent year-on-year over the March quarter. So, is it worth finding out if your home or investment loan is still giving you the best bang for your buck? The short answer is of course yes. Your reasons for reviewing your loan will be different to your neighbours', but it's worth taking time to review your loan to ensure it's working for you. Reach out to a mortgage broker who can compare your loan against what's in the market to see if you can access a sharper rate, an improved loan structure, or help you understand if you can tap into your equity. This end of financial year, ask yourself these four questions. Can I access a better rate? The Reserve Bank of Australia has already delivered two rate cuts this year, and the market is predicting a third cut on 8 July. As we see more cuts to the cash rate, competition will ramp up as some lenders pass on the savings in full, and others don't. Some lenders are offering great rates to attract new customers, so if your home loan rate doesn't start with a 5, you might be paying too much. Can I claim tax deductions? If you have a mortgage on an investment property, now is the perfect time to take stock of the interest you paid, as well as any expenses related to property maintenance or management as you may be able to claim tax deductions relating to these expenses on your next return. Will a better loan structure offer me any benefits? Refinancing could help you access different loan features or a structure that better suits your needs, such as an offset account or redraw facility. Am I rolling off a fixed rate? If your fixed-rate term is coming to an end soon, it's the right time to shop around. When your fixed term ends, your lender will automatically move you onto a standard variable rate loan, but it may not be the most competitive on offer. Can I access equity? Property values continue to rise, with national values up 4.12 per cent year-on-year according to the May PropTrack Home Price Index. If your property has increased in value while you've had your home loan, you may have equity built up that could help you negotiate a lower rate or even put you in a position to upgrade your home or purchase another property.
CNN
21 hours ago
- Politics
- CNN
5 things to know for June 19: Israel-Iran, Elected officials detained, Suicide hotline, Heat dome, Jewelry heist
Happy Juneteenth! Although the Trump administration has attacked diversity, equity and inclusion efforts, Juneteenth remains a federal holiday. As such, many Americans will have the day off to commemorate the end of slavery in the US. Check out this list of what will be open and closed. Here's what else you need to know to Get Up to Speed and On with Your Day. Get '5 Things' in your inbox If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. One week after Israel's unprecedented attack on Iran, the two countries continue to trade strikes. In Israel, Iran's latest wave of missiles damaged a hospital in the southern city of Beer Sheva as well as several high-rise buildings in Ramat Gan, just east of Tel Aviv. At least 65 people were injured, Israel's emergency services said. Iran's state news agency reported that the 'principal target' of the missile strike that damaged the Israeli hospital was a nearby technology park used by the Israel Defense Forces. In Iran, 40 Israeli fighter jets struck the 'inactive' Arak nuclear facility about 155 miles southwest of Tehran during a series of overnight raids. The facility was reportedly not seriously damaged. In the skies above both countries, civilians who remained above ground could see anti-aircraft fire intercepting even more missile attacks. In recent months, at least five elected officials have been arrested or confronted by police for protesting President Trump's sweeping deportation efforts. New York City comptroller and mayoral candidate Brad Lander was arrested at Manhattan's immigration court on Tuesday. Sen. Alex Padilla, California's first Latino elected to the Senate, was forcefully removed from a news conference in Los Angeles last week and handcuffed on the ground after attempting to ask Homeland Security Secretary Kristi Noem a question. Newark Mayor Ras Baraka was arrested for attempting to join three members of New Jersey's congressional delegation inside an immigration detention facility on May 9. Rep. LaMonica McIver was indicted last week on federal charges alleging she interfered with immigration officers outside the same detention center. And Milwaukee judge Hannah Dugan was arrested in April for allegedly helping a defendant evade immigration officials. The Trump administration plans to end the 988 Suicide & Crisis Lifeline's specialized services for LGBTQ+ youth. According to the Department of Health and Human Services' Substance Abuse and Mental Health Services Administration, anyone who reaches out to the 988 Lifeline will still receive help, but the 'Press 3 option,' which connected callers to crisis counselors trained to work with LGBTQ+ youth and adults under 25, will no longer be available. Since the specialized service launched in 2022, nearly 1.3 million callers have reached out for assistance. The change was announced on the same day the Supreme Court upheld Tennessee's ban on gender-affirming care for transgender minors. Roughly half of US states have bans similar to Tennessee's. Transgender advocates framed the ruling as a 'devastating loss.' A heat dome is expected to send temperatures soaring to record-breaking levels over the weekend and into next week. According to the National Weather Service, more than 15 million people from Washington, DC, to Florida are under a level 3 of 4 heat risk today. Many places will experience highs in the low- to mid-90s. When factoring in the humidity, it will feel even hotter and stickier. Temperatures are also forecast to climb across parts of the Northeast and central US in advance of next week's intense heat dome. That dome is forecast to expand across the central and eastern US, and high temperatures are predicted to rise at least 15 degrees above normal. It could feel as hot as 110 degrees, especially in the Mid-Atlantic region. If you're going to be under the dome, take care. Heat remains the deadliest form of extreme weather in the US, contributing to more than 800 deaths annually since 1999. Federal theft and conspiracy charges have been announced against seven people who were allegedly involved in an operation prosecutors described as 'the largest jewelry heist in US history.' A newly-unsealed federal grand jury indictment said the crew of serial thieves spotted a Brinks tractor-trailer leaving a jewelry show in San Mateo, California, on July 10, 2022. The suspects allegedly followed the truck south for nearly 300 miles, and when the driver pulled into a truck stop, they broke in and stole 24 bags filled with jewelry, gold, Rolex watches and thousands of loose diamonds. Agents recovered some of the loot, which was worth about $100 million, while executing a search warrant on Monday. 'Extremely dangerous' hurricane nears southern MexicoHurricane Erick, which intensified overnight to a Category 4 storm, is expected to make landfall on Mexico's southern coast this morning. Forecasters said the storm could bring destructive winds, flash floods and a dangerous storm surge to the region. A $10 billion basketball dealIn what is believed to be the most lucrative deal for a professional sports team, the Buss family has reportedly agreed to sell majority ownership of the Los Angeles Lakers to LA Dodgers owner Mark Walter. Red-flagged fanA man accused of stalking tennis player Emma Raducanu has been blocked from obtaining tickets to Wimbledon. At previous events, he has allegedly exhibited 'fixated behavior' toward the 22-year-old US Open champion. Check your fridgeReady-to-eat chicken fettuccine Alfredo meals have been recalled after a listeria outbreak sickened people in 13 states. The meals were sold at Walmart and Kroger stores nationwide. Mary Todd Lincoln castJinkx Monsoon, who won 'RuPaul's Drag Race' and 'RuPaul's Drag Race All Stars,' will take over the lead role in the Broadway show, 'Oh, Mary!' Earlier this month, Cole Escola won the Tony for best lead actor in a play for the role. Life with ALSIn his first interview since announcing he was diagnosed with amyotrophic lateral sclerosis, also known as Lou Gehrig's Disease, actor Eric Dane ('Grey's Anatomy,' 'Euphoria') revealed how the illness is progressing. 2034That's the year Social Security will reportedly not be able to pay full monthly benefits to tens of millions of retirees and people with disabilities if Congress doesn't act now. 'It's difficult for me to process just how much you've all experienced in your young lives. I feel your anxiety and your fears about the world around you and it's heartbreaking to me.' — Actor/comedian Steve Carell, during his commencement speech at Northwestern University. Check your local forecast here>>> A heated exchange Defense Secretary Pete Hegseth clashed with Democratic Sen. Elissa Slotkin on the Senate Armed Services Committee this week over the decision to deploy American troops to US cities to deal with anti-ICE protests.
