HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–Civeo Corporation (NYSE: CVEO) today announced that it has entered into a definitive agreement to sell its McClelland Lake Lodge assets to a US-based mining project for approximately C$49 million, or US$36 million. The Company expects to close the transaction before January 31, 2024, subject to the satisfaction of customary closing conditions.

Highlights of the transaction include:

• Purchase price of approximately US$36 million with anticipated net proceeds of US$30 million after net demobilization costs;
• Anticipated gains from the McClelland Lake Lodge assets of approximately US$35 million to be recognized throughout the second half of 2023 and first quarter of 2024;
• Possible future opportunities to provide ancillary services to the buyer; and
• An expected increase in the Company’s 2023 cash flow of approximately US$20 million, with the remaining net proceeds to be received in 2024.

“We believe that this transaction maximizes the value of the McClelland Lake Lodge assets. Driven by numerous factors, including mining activity for energy transition and inflationary pressure on newbuild pricing, demand for existing accommodations assets is strong throughout North America. After years of solid returns from this asset, we are pleased that, subject to the satisfaction of customary closing conditions, we will have additional financial flexibility to fund growth opportunities and return capital to shareholders while maintaining our strong balance sheet,” said Bradley Dodson, Civeo’s President & Chief Executive Officer.

About Civeo

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently operates a total of 24 lodges and villages in Canada, Australia and the U.S., with an aggregate of approximately 26,000 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Forward Looking Statements

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements herein, including the statements regarding Civeo’s future plans and outlook, strategic priorities, guidance, current trends and liquidity needs, and expectations regarding the closing of the transaction, are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the failure to satisfy closing conditions, the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, iron ore and other minerals, including the level of activity, spending and developments in the Canadian oil sands, the level of demand for coal and other natural resources from, and investments and opportunities in, Australia, and fluctuations or sharp declines in the current and future prices of oil, natural gas, coal, iron ore and other minerals, risks associated with failure by our customers to reach positive final investment decisions on, or otherwise not complete, projects with respect to which we have been awarded contracts, which may cause those customers to terminate or postpone contracts, risks associated with currency exchange rates, risks associated with inflation and volatility in the banking sector, risks associated with the company’s ability to integrate acquisitions, risks associated with labor shortages, risks associated with the development of new projects, including whether such projects will continue in the future, risks associated with the trading price of the company’s common shares, availability and cost of capital, risks associated with general global economic conditions, inflation, global weather conditions, natural disasters, global health concerns, and security threats and changes to government and environmental regulations, including climate change, and other factors discussed in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Civeo’s most recent annual report on Form 10-K and other reports the company may file from time to time with the U.S. Securities and Exchange Commission. Each forward-looking statement contained herein speaks only as of the date of this release. Except as required by law, Civeo expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Regan Nielsen

Civeo Corporation

Vice President, Corporate Development & Investor Relations

713-510-2400

WATERLOO, Ontario–(BUSINESS WIRE)–eSentire, Inc., the Authority in Managed Detection and Response (MDR), and Kterio, the leading provider of smart building operating systems, today announced that they have formed an ecosystem partnership for the Healthcare, Industrial and Commercial Real Estate sectors. Companies in these sectors are seeking broader, more robust solution outcomes to reduce cybersecurity risk while maintaining optimum building performance. Together, eSentire and Kterio will evaluate customer risks across traditional threat vectors and the building infrastructures supporting sustainability initiatives, building management, and operations.

Kterio has developed a revolutionary smart building operating system, Kterio OS. By harnessing the power of integrated data, Kterio uses Machine Learning and Artificial Intelligence to deliver portfolio-level, site-level, & equipment-level reporting, benchmarking, and asset visualization. Kterio customers realize savings in reduced energy consumption, fewer maintenance calls, and AI-enabled capital-expense optimization. eSentire is the leading global provider of Exposure Management, Managed Detection and Response and Incident Response services. By combining its open XDR platform technology, 24/7 threat hunting, generative AI expertise and proven security operations leadership, eSentire helps organizations anticipate, withstand, and recover from cyberattacks. As leaders in their respective fields, eSentire and Kterio are uniquely positioned to deliver a 24/7 full-scale solution to support the teams charged with managing the multiple, vast, physical sites of critical infrastructure firms.

“Clients and ecosystem partners are seeking solutions, which coalesce cybersecurity controls with building asset controls, to form a complete risk picture,” said Bob Layton, Chief Channel Officer, eSentire. “Organizations will also see operational efficiency and cyber resilience gains through this unification. Our Healthcare and Industrial clients are solving for this now and bringing eSentire to the table to deliver the security operations expertise needed. This partnership with Kterio is integral in furthering the visibility and control we can deliver across IoT environments.”

Kterio and eSentire’s ecosystem partnership will first explore joint service offerings to mutual customers while creating new paths to enhance cyber resilience and improve attack surface visibility across operational controls.

“We are delighted to form this new ecosystem partnership with eSentire. Our clients, around the world, are solving operational controls and efficiencies utilizing Kterio OS ML/AI tools right now. They’re asking us for cybersecurity solutions that tie into the Kterio data science and enterprise-class service portfolio. eSentire’s proven leadership position in cybersecurity and their investment in AI and LLMs make for a natural ecosystem partnership,” said Larry Yogel, Chairman and CEO, Kterio. “Kterio is a disruptor in a legacy industry, and we see a shared vision with eSentire,” he added.

About eSentire

eSentire, Inc., the Authority in Managed Detection and Response (MDR), protects the critical data and applications of 2000+ organizations in 80+ countries across 35 industries from known and unknown cyber threats by providing Exposure Management, Managed Detection and Response, and Incident Response services. eSentire’s award-winning global e3 partner ecosystem, representing experience, expertise, eSentire, has been awarded a 5-Star rating in the Partner Program Guide by CRN®, a brand of The Channel Company, for five consecutive years. The e3 ecosystem focuses on mapping partner engagement, productivity and overall experience to how business leaders choose to consume best-in-class cybersecurity services through marketplaces, global Managed Services Providers (MSPs), Managed Security Services Providers (MSSPs), Value Added Resellers (VARs), and Technology Service Brokers. For more information and to become a partner, visit: www.esentire.com/partners and follow @eSentire.

About Kterio

Kterio is a technology leader bringing unprecedented intelligence to buildings through its operating system (OS) and Smart Solution Center (SSC) platform. Kterio enables building owners to visualize and manage all their building assets and IoT sensors in a single platform. The Kterio OS and solution platform harnesses the power of data to reduce energy costs, and reduce maintenance costs, significantly improving the operational efficiencies of buildings. As a result of Kterio’s unique ability to integrate data from disparate systems, building owners are no longer tied to proprietary systems and maintenance contracts. Kterio OS uses ML/AI to predict and plan for equipment maintenance proactively, make changes that will save energy, and reduce carbon, enhancing Environmental, Social, and Governance (ESG) practices. For more information, visit: Kterio.com and follow @Kterio.

Contacts

Elizabeth Clarke

eSentire

Elizabeth.Clarke@esentire.com

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) looks forward to presenting its business today at its head office at 30 Adelaide Street East, Suite 301 at 10:00 a.m. ET, as part of the Dream group of companies’ Investor Day.

A copy of the presentation will be archived and available on our website here.

As part of the investor presentation, the Trust is publishing an adjusted net asset value (“NAV”)⁽¹⁾ as of June 30, 2023. Based on total unitholders’ equity of $468.8 million as of June 30, 2023, or $27.36 per unit, and incorporating the Trust’s market value adjustment from December 31, 2022, the Trust’s June 30, 2023, adjusted NAV would be $543.0 million or $31.70 per unit⁽²⁾.

The table below provides a reconciliation of adjusted NAV to total unitholders’ equity as of June 30, 2023, which is the closest IFRS measure to adjusted NAV:

See Figure 1, Reconciliation of adjusted NAV to total unitholders’ equity

At the Investor Day, the Trust’s senior management team will discuss its business plan and strategy, target capital allocation and future growth business drivers to generate returns.

About Dream Impact Trust

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

SPECIFIED FINANCIAL MEASURES AND OTHER MEASURES

The Trust’s condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). In this press release, as a complement to results provided in accordance with IFRS, the Trust discloses and discusses certain specified financial measures, including adjusted net asset value and adjusted net asset value per unit. These specified financial measures are not defined by or recognized measures under IFRS, do not have a standardized meaning and may not be comparable with similar measures presented by other issuers. The Trust has presented such specified financial measures as management believes they are relevant measures of our underlying operating performance. Specified financial measures should not be considered as alternatives to unitholders’ equity or comparable metrics determined in accordance with IFRS as indicators of the Trust’s performance and profitability. Certain additional disclosures such as the composition, usefulness and changes as applicable are expressly incorporated by reference from the Trust’s MD&A for the year ended December 31, 2022 in the section titled “Specified Financial Measures and Other Disclosures”, which has been filed and is available on SEDAR+ under the Trust’s profile.

NON-GAAP MEASURES

“Adjusted net asset value (“Adjusted NAV”)”, a non-GAAP financial measure, represents total unitholders’ equity per the condensed consolidated financial statements (the most directly comparable financial measure), adjusted for market value adjustments for equity accounted investments (including applicable deferred income tax adjustments). The market value adjustments account for the applicable deferred income tax estimates considering the timing of their realization and, if appropriate, will be incorporated into the determination of the Adjusted NAV. The applicable deferred income tax estimates related to the market value adjustments are calculated either based on income or capital gain rates or a combination thereof. The income tax rates used to determine Adjusted NAV are dependent on various factors such as anticipated development plans, stage of development and current market trends applicable to the future development plans, and will be reviewed on a regular basis and are subject to change. Excluded from the Adjusted NAV calculation are any market value adjustments with respect to liabilities as well as commitments/contracts that are not otherwise recorded as liabilities on the Trust’s condensed consolidated statements of financial position. The Trust has not appraised the lending portfolio, as the Trust intends to hold certain investments in the lending portfolio until maturity and its term to maturity is over the next one to five years; as such, this portfolio is considered fairly liquid. This non-GAAP measure is an important measure used by the Trust in evaluating the Trust’s and Asset Manager’s performance as it is an indicator of the intrinsic value of the Trust; however, it is not defined by IFRS, does not have a standardized meaning and may not be comparable with similar measures presented by other issuers. A reconciliation of Adjusted NAV to unitholders’ equity, the most directly comparable financial measure, as of June 30, 2023 can be found in the table above.

NON-GAAP RATIOS

“Adjusted net asset value (“NAV”) per unit” represents the Adjusted NAV (a non-GAAP financial measure) of the Trust divided by the number of units outstanding at the end of the period. This non-GAAP ratio is an important measure used by the Trust in evaluating the Trust’s performance as it is an indicator of the intrinsic value of the Trust; however, it is not defined by IFRS, does not have a standardized meaning and may not be comparable with similar measures presented by other issuers. A reconciliation of Adjusted NAV to unitholders’ equity, the most directly comparable financial measure, as of June 30, 2023 can be found in the table above.

Contacts

DREAM IMPACT TRUST

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (the “Trust”) As part of the Dream group of companies’ Investor Day, the Trust looks forward to presenting its business today at its head office at 30 Adelaide Street East, Suite 301 at 10:00 a.m. ET.

A copy of the presentation will be archived and available on our website here.

At the Investor Day, the Trust’s senior management team will be discussing its business plan and strategy, and future business growth drivers to generate returns in the future.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

KELOWNA, British Columbia–(BUSINESS WIRE)–Amid the devastation caused by the Kelowna and Shuswap wildfires, Greenspan Adjusters International announced today that its team of public adjusters is on the ground in British Columbia and ready to support displaced families and business owners to ensure they are armed with the knowledge and tools needed to navigate the laborious insurance claims process.

“Being here in BC, we’re witnessing the destruction firsthand,” said Steve Severaid, Greenspan Adjusters International President. “We mourn the toll this disaster will take on families and local business owners for years to come. Even after these good and hardworking people have suffered tremendous losses, they are left with the strenuous battle of dealing with insurance claims.”

The 2023 wildfire season in British Columbia has now officially surpassed the 2018 season as the most destructive ever recorded according to area burned. With over 2 million hectares burned, 200 structures destroyed, and fires continuing to burn throughout the province, there is still no end in sight. The community will be in a state of rebuilding for years, with financial losses to B.C. forecasted to exceed $1.5 billion.

“The scope of this is beyond what I’ve seen before, and I’ve witnessed a lot of natural disasters,” Severaid said. “With ten times more land burned already this year than in all of 2022 and with fires still raging, it’s simply unprecedented. We know how frustrating, difficult, and financially debilitating it can be for homeowners and business owners to face their insurance companies after wildfires like these. We want to make sure their policies are assessed thoroughly, and their subsequent claims managed quickly, adequately, and seamlessly.”

“What is most critical,” Severaid continued, “is that policyholders advocate for their best interests by being represented by their own private adjuster. Insurance company adjusters have a conflict of interest in that they cannot fairly represent both their principal – the insurance company – and you at the same time. Most people do not know that, without the guidance of an insurance professional fighting on your behalf, not only can the claims process be overwhelming — but you may not be guaranteed an optimal payout or even an adequate claim.”

Public adjusters manage the claims of homeowners, businesses, and commercial property owners, providing much-needed support following tragedies and assist their clients in negotiating optimal settlements that they are entitled to from their insurance companies. Public adjusters work independently of insurance companies, which deploy their own teams of adjusters to mitigate their financial exposure.

Greenspan Adjusters International is offering complimentary policy and situation reviews and can provide a roadmap for recovery that addresses the particulars of each policyholder’s situation. Anyone in need can receive this benefit at any time by phone, zoom, or in-person at no cost. In that spirit, Greenspan will also host live town halls on Thursday, September 7 and Thursday, September 14 at 6 pm to teach home and business owners affected by the Kelowna and Shuswap wildfires how to best navigate the insurance claims process. Affected individuals seeking additional information about their claims process, coverage and potential payout should bring a copy of their insurance policy with them so a member of the Greenspan team can provide a complimentary review and analysis on-site. People who are not able to attend can still reach out to Greenspan Adjusters International at any of the contacts below to receive this no-cost review.

Insurance Recovery Workshops

Delta Hotel, Okanagan Grand Resort

Cassiar/Cascade Meeting Room

1310 Water Street, Kelowna, BC V1Y 9P3

Thursday, September 7 at 6 pm

Thursday, September 14 at 6 pm

For over 77 years, Greenspan Adjusters International has worked to ensure that individuals receive the full benefits to which they are entitled and offers expertise in managing every aspect of significant property damage claims so that policyholders can return to some semblance of normal. The Vancouver Office of Greenspan Adjusters International is located at 1021 W. Hastings, 9th Floor, Vancouver, British Columbia V6E 0C3.

For further information on how Greenspan can support wildfire damage claims, please contact:

Phone: (778) 588-6680

Email: info@greenspan-adjusters.ca
Website: https://www.greenspan-adjusters.ca/

About Greenspan Adjusters International:

Greenspan Adjusters International is wholly owned by The Greenspan Co. / Adjusters International; headquartered in San Francisco it is the largest and oldest public adjusting firm in the West. Greenspan helps businesses, commercial property owners, and homeowners throughout British Columbia, California, Arizona, Nevada, Washington, Idaho, Oregon, Utah, Alaska, and Hawaii manage their property damage insurance claims. With a singular focus on serving policyholders, the company boasts a team of licensed public insurance adjusters, estimators, and inventory specialists with extensive expertise in disaster recovery and property insurance claims. The Greenspan team is currently covering the disaster zones of both Lahaina, Maui, Hawaii and Kelowna, BC, Canada; assisting homeowners and business owners with their claims.

Contacts

Mark Fratkin

mark@greenspan-ai.com

TORONTO–(BUSINESS WIRE)–Smith Financial Corporation (“Smith Financial”) today announced the completion of its plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”). Pursuant to the terms of the Arrangement, a wholly-owned subsidiary of Smith Financial Corporation acquired all the issued and outstanding shares of Home Capital Group Inc. (“Home Capital” or “Home”) (TSX: HCG) that Smith Financial Corporation did not already own for $44.28 in cash per share. Since the Arrangement closed after May 20, 2023, the base consideration of $44.00 in cash per share was increased by $0.28 in cash per share, being an amount equal to $0.00273973 per share in cash per day from and including May 20, 2023 up to and including August 30, 2023.

A New and Proven Owner with Deep Affinity for Customers, Employees and Partners

Now operating as a Smith Financial Corporation company, Home Capital will maintain its focus on delivering great service to customers and business partners and leveraging its award-winning work culture.

“For many reasons, including the strength of Home’s brand among mortgage brokers, deposit brokers and hundreds of thousands of customers across Canada, we are delighted to welcome this market-leading company and its hard-working team into the Smith Financial Corporation family,” said Stephen Smith, founder and CEO of Smith Financial Corporation. “Home Capital is a strategic holding for us, and we will give our support to preserve, protect and advance Home’s place in the industry under its dedicated leadership. We look forward to collaborating with all Home stakeholders as a committed long-term owner.”

With the Arrangement now complete, Home Capital’s common shares are expected to be delisted from the Toronto Stock Exchange shortly after the date hereof. Home Capital also will apply to cease to be a reporting issuer under applicable Canadian securities laws.

Action Required by Home Capital Shareholders

Registered shareholders of Home Capital are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) representing their common shares, as applicable, to Computershare Investor Services Inc. (“Computershare”). Registered shareholders who have questions or require assistance can contact Computershare toll free at 1-800-564-6253 in North America, or at 1-514-982-7555 outside North America, or by email at corporateactions@computershare.com

For additional details regarding the Arrangement see Home Capital’s management information circular dated January 6, 2023, a copy of which can be found under Home Capital’s profile on SEDAR at www.sedarplus.ca.

Caution Regarding Forward Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including related to when Home Capital’s common shares will be de-listed from the Toronto Stock Exchange and Home Capital will cease to be a reporting issuer under applicable Canadian securities laws. Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to, management’s expectations, intentions and beliefs concerning anticipated future events, results, circumstances, economic performance or expectations with respect to Home Capital and/or Smith Financial Corporation, including, as applicable, the delisting of the Home Capital common shares and Home Capital’s application to cease to be a reporting issuer. Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this press release reflects management’s expectations as of the date hereof, and therefore is subject to change. Home Capital disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Please refer to Home Capital’s 2023 Second Quarter Report, available on Home Capital’s website at www.homecapital.com, and on SEDAR at www.sedarplus.ca, for Home Capital’s Caution Regarding Forward-looking Statements.

About Smith Financial Corporation

Smith Financial Corporation was founded by one of Canada’s leading financial services entrepreneurs and his family. With a long-term philosophy shaped by Smith family values, our purpose is to partner with and nurture great companies. Today, Smith Financial has significant equity positions in Canada Guaranty Mortgage Insurance Company, Fairstone Bank of Canada, First National Financial Corporation (TSX: FN), Glass-Lewis & Co., Home Capital, Equitable Bank (TSX: EQB), and Peloton Capital Management and its private equity funds. Please visit Smith Financial Corporation for more information.

About Home Capital

Home Capital operates through its principal subsidiary, Home Trust Company. Home Trust Company is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust Company and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Longview Communications & Public Affairs
Jill MacRae
Partner
437-922-9215
jmacrae@longviewcomms.ca

Bobcat fans voted to decide the winner of the $25K backyard makeover, and the opportunity to meet country music superstar Justin Moore

WEST FARGO, N.D.–(BUSINESS WIRE)–The votes are tallied, and Bobcat Company is thrilled to announce the winner of the Bobcat Backyard Makeover Contest is Julie Rummer from Turlock, Calif.

Julie will receive a $25,000 backyard makeover using Bobcat equipment to transform her backyard and garden. She will also have the opportunity to meet country music superstar – and Bobcat enthusiast – Justin Moore.

Five finalists were selected based on the originality and creativity in their contest entry submission, as well as sharing the impact of how a backyard makeover would empower them to accomplish more. Julie’s powerful story received the most votes from the public.

Julie survived an auto accident in 1995 that left her paralyzed as a quadriplegic. She is now wheelchair dependent, and often encounters challenges maneuvering in her backyard. While she loves to garden, the dirt and weeds often get stuck in her wheelchair. She would like to makeover her backyard and make it wheelchair accessible so she can be outdoors more often, which she says helps her forget her mobility limitations.

“We are thrilled to announce Julie Rummer as the winner of the Bobcat Backyard Makeover Contest and can’t wait to bring her backyard dreams to life,” said Laura Ness Owens, vice president of global brand and communications and North American marketing. “At Bobcat, we are committed to empowering people to conquer their biggest challenges, and we are proud to help Julie in her pursuits by enhancing her backyard.”

Julie and her husband love to entertain family, friends and neighbors at their home. They have dreamt of making improvements to their yard – both visually and to make it more wheelchair-friendly – but haven’t had the time or money.

“Gardening is one of my biggest passions and being outdoors makes me forget my daily limitations. I am so incredibly grateful to Bobcat for this opportunity to create a completely accessible yard that will allow me the garden of my dreams,” said Julie. “I’ve been brought to tears at the thought of winning this contest. The kindness, love and support from my family, friends, neighbors and total strangers has filled my heart.”

In addition to the backyard makeover, Julie will have the opportunity to meet Justin Moore as he joins the Bobcat team in the renovation project. Moore has been a brand ambassador for Bobcat Company since 2021. As an owner and operator of multiple pieces of Bobcat equipment, including a compact loader and compact tractor, Moore keeps busy on his 80-acre property in Arkansas.

In addition to meeting Moore, Julie will work with an area landscape contractor and her local Bobcat dealer to plan and create her dream backyard.

“Bobcat is known for empowering people and in my case, they are helping me to enjoy more sunshine and time in my happy place – my backyard,” said Julie. “Thank you for your generosity and commitment to lifting people up and helping me find a new path.”

Media Resources: Photo assets are available for download at this Dropbox link.

About Bobcat Company

Since 1958, Bobcat Company has been empowering people to accomplish more. As a leading global manufacturer of compact equipment, Bobcat has a proud legacy of innovation and a reputation based on delivering smart solutions to customers’ toughest challenges. Backed by the support of a worldwide network of independent dealers and distributors, Bobcat offers an extensive line of compact equipment, including loaders, excavators, compact tractors, utility products, telehandlers, mowers, attachments, implements, parts, and services. In 2024, Bobcat will expand its brand with the addition of portable power, industrial air and industrial vehicle offerings. Headquartered in West Fargo, North Dakota, Bobcat continues to lead the industry with its new and innovative offerings.

The Bobcat brand is owned by Doosan Bobcat, Inc., a company within the Doosan Group. Committed to empowering people to accomplish more, Doosan Bobcat is dedicated to building stronger communities and a better tomorrow.

©2023 Bobcat Company. All rights reserved.

Contacts

Nadine Erckenbrack, Bobcat Public Relations Manager

Email: na.newsroom@doosan.com
Mobile: 701-205-9207

CLEVELAND–(BUSINESS WIRE)–Euclid Chemical, a leading manufacturer of concrete and masonry construction products, has announced the opening of a new admixture plant in Calgary, Alberta. This facility will enable the company to better serve its customers in the region by providing high-quality admixture solutions that meet their needs.

Positioned in a prime location with access to nearby railways and major transportation routes, this newly established facility ensures quick and efficient product delivery throughout the area. The Calgary plant will improve overall service levels by reducing lead times and ultimately delivering a better customer experience.

The newly operational facility is equipped with the latest equipment and technology, including advanced mixing and batching systems that provide accurate and consistent dosing of admixture ingredients. Euclid Chemical’s team of skilled and experienced on-site technicians operate the plant and confirm that every batch of admixture meets strict quality standards before being shipped to customers.

“The Calgary plant represents a significant step forward in our journey to enhance customer satisfaction and meet the growing demand in Canada,” said Thomas Gairing, president of Euclid Chemical. “We are committed to providing quality products and services while constantly improving our operations and capabilities to better serve our customers.”

To view the plant’s visual assets, visit https://bit.ly/3qy4BzT.

About Euclid Chemical

Headquartered in Cleveland, Ohio, Euclid Chemical has served the global building market for more than a century as a leading manufacturer and supplier of specialty products and technical support services for the concrete and masonry construction industry. Euclid Chemical’s expansive product line includes admixtures, fiber reinforcement, concrete repair products, flooring materials, decorative concrete systems, and more. Learn more at www.euclidchemical.com.

Contacts

Victoria Pishkula

vpishkula@roopco.com
216-902-3800

The top-producing team specializes in luxury sales in Phoenix, Scottsdale and beyond with a focus on getting top-dollar for sellers

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, announced today that top-producing luxury agent David Newman along with his 12-member team have joined the company. With a proven track record of garnering top-dollar for sellers, Newman specializes in luxury sales across Phoenix, Scottsdale, Paradise Valley and Southeast Valley.

“We are excited to welcome David and his team to The Real Brokerage family as we continue to attract top producers to our agent-first platform,” said Real President Sharran Srivatsaa. “David’s dedication to maximizing marketing and optimizing value for sellers aligns with the Real platform and our mission to give our agents the tools they need to succeed by providing the best consumer experience possible.”

With a passion for luxury home sales and more than 20 years of real estate experience, Newman joined forces with Walt Danley, one of the industry’s most influential and successful luxury agents, in 2014. Since that time, Newman has consistently ranked as one of the top-producing agents in the state of Arizona and at several leading national brokerage firms. In 2022, his team closed nearly 500 transactions totaling nearly $300 million in sales.

Reflecting on his decision to join Real, Newman said, “Our search for a brokerage that prioritizes both its agents and technological innovation led us to The Real Brokerage. The synergy between Real’s commitment to agents’ long-term success and our dedication to exceptional client service was unmistakable. Real’s technology-driven approach is unparalleled, allowing us to elevate our productivity and amplify the level of service we provide.”

About Real

The Real Brokerage Inc. (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 48 states, D.C., and four Canadian provinces with more than 11,000 agents. Additional information can be found on its website at www.onereal.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s ability to continue to attract agents.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

Investor inquiries:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com
201.564.4221

LONDON–(BUSINESS WIRE)–#ArtBasel–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $58 billion of capital under management, is pleased to announce that it has obtained LEED Platinum certification on the recently refurbished Basel Marriott Hotel in Basel, Switzerland.

The property, previously known as Swissôtel Basel, underwent a significant renovation and rebranding programme and is now the Basel Marriott Hotel. The hotel is located in close proximity to the Congress Centre and Messe Basel which host prestigious events such as Art Basel, in addition to numerous notable medical and life-sciences conferences, as Basel is one of the largest life-sciences hubs in Europe. As a result of the renovation and rebrand, the hotel is now a leader in its reference market.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe commented: “We have successfully implemented our value-add plan on our Hotel in Basel which now benefits from state-of-the-art facilities and rooms resulting in strong operating performance.”

Alessio Lucentini, Managing Director and Head of Asset Management at H.I.G. Realty in Europe, added: “We have recently strengthened our Asset Management team with the addition of Federico Faravelli, formerly Head of Asset Management U.K. and Ireland at AXA Real Assets and a specialist in ESG. In addition to achieving LEED Platinum in Basel, we have recently achieved LEED Gold on two of our other assets in Italy. This has also allowed us to reduce the borrowing costs for the two assets, and helped reduce operating costs due to the properties’ improved energy efficiency. We will continue to focus on ESG initiatives that can add value to our portfolio.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $58 billion of equity capital under management.* Based in Miami, and with European offices in London, Hamburg, Madrid, Milan, Paris and U.S. and Latin American offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Atlanta, Bogotá, Rio de Janeiro, São Paulo. H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $52 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital raised by H.I.G. Capital and its affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

H.I.G. Capital

P +44 (0) 207 318 5700

F +44 (0) 207 318 5749

www.higcapital.com

TORONTO–(BUSINESS WIRE)–Home Capital Group Inc. (“Home Capital”) (TSX: HCG) is pleased to announce that the required regulatory approvals under the Bank Act (Canada) and Trust and Loan Companies Act (Canada) have been granted by the Federal Minister of Finance in respect of the previously announced acquisition of Home Capital by a wholly owned subsidiary of Smith Financial Corporation (“SFC”) (such acquisition, the “Arrangement”) and that the Arrangement is expected to be completed on August 31, 2023, subject to the satisfaction of customary closing conditions.

Pursuant to the Arrangement, SFC has agreed to acquire the issued and outstanding common shares of Home Capital that SFC does not already own for $44.00 in cash per share (the “Purchase Price”). Since the Arrangement did not close on or prior to May 20, 2023, the Purchase Price will be increased by an amount equal to $0.00273973 per share in cash per day up to and including the day prior to the closing of the Arrangement (equivalent to approximately $0.25 per share for every three-month delay beyond May 20, 2023). Completion of the Arrangement on August 31, 2023 will result in a Purchase Price of $44.28 in cash per share.

Home Capital previously applied for and obtained an exemption from the Toronto Stock Exchange’s requirement to hold its annual shareholder meeting (the “Meeting”) by June 30, 2023, provided the Meeting is held on or prior to September 29, 2023. Since the Arrangement is expected to be completed prior to September 29, 2023, Home Capital will not hold its annual shareholder meeting. Similarly, as the Arrangement will be completed prior to the close of business on August 31, 2023, shareholders will not be paid on September 15, 2023 the previously announced quarterly dividend of $0.15 per common share.

Caution Regarding Forward-Looking Statements

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation, including relating to completion of the Arrangement and the timing thereof, the final Purchase Price and the holding of the annual shareholders meeting. Such forward-looking information necessarily involves known and unknown risks and uncertainties and assumptions. These risks, uncertainties and assumptions include, but are not limited to, failure to, in a timely manner, satisfy customary closing conditions and consummate the Arrangement and other customary risks associated with transactions of this nature. Therefore, forward-looking information should be considered carefully and undue reliance should not be placed on such information. Please note that forward-looking information in this news release reflects management’s expectations as of the date hereof, and therefore is subject to change. Home Capital disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Please refer to Home Capital’s 2023 Second Quarter Report, available on Home Capital’s website at www.homecapital.com, and on SEDAR at www.sedarplus.ca for Home Capital’s Caution Regarding Forward-looking Statements.

About Home Capital

Home Capital is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust Company is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust Company and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

Longview Communications & Public Affairs
Jill MacRae
Partner
437-922-9215
jmacrae@longviewcomms.ca

Utah Resort Will Double Its Skiable Terrain While Adding Premier Hospitality via a New Village and Portal

DENVER–(BUSINESS WIRE)–Alterra Mountain Company, the world’s premier mountain operating company, has announced a major terrain expansion of Deer Valley Resort that will add 3,700 acres of terrain to its world-renowned, ski-only destination located in the Wasatch Mountains in Park City, Utah. In addition, the development of a new village and portal will dramatically improve access to the resort while adding world-class lodging, dining, and retail amenities in partnership with Extell Development Company.

The expansion will more than double Deer Valley’s skiable terrain, adding 16 new lifts and a new 10-passenger gondola, affirming the resort’s commitment to delivering exceptional guest services and a ski-only experience with limited daily skier counts. The diverse terrain will also be supported by a new cutting-edge snowmaking system and feature precise snow grooming that adheres to Deer Valley’s existing standards. The last time Deer Valley saw a significant terrain expansion was for the 2007/2008 winter season, with the addition of 200 acres of skiing on Lady Morgan Mountain.

The complete project will unfold over the next three seasons, with a significant portion of the new lifts and trails set to open as early as the 25/26 winter season. When completed, Deer Valley will offer 5,726 acres of ski-only terrain spread across 10 mountains.

The Deer Valley investment is in addition to the $500 million capital program announced by Alterra earlier this year to enhance the guest and employee experience across its portfolio of 17 destinations.

“Alterra Mountain Company is committed to investing in large-scale projects that will deliver differentiated experiences in incredible places and this project is exactly that,” said Jared Smith, President & CEO, Alterra Mountain Company. “Deer Valley has long been a world-renowned resort and this project will offer guests more of what it has always been known for – legendary service, an exceptional ski-only experience, and industry-leading culinary offerings.”

The resort’s new terrain and village will be entered directly from a new portal via U.S. Route 40, creating a major eastern portal that adds convenient access to the resort from nearly every direction.

Envisioned in partnership with renowned luxury real estate developer Extell, the village and portal will feature over 1,200 new parking spots, and a new skier services facility offering additional premium ski school, equipment rentals, retail, and food and beverage amenities.

“Deer Valley Resort is known across the globe for its unique approach to first-class service. We are committed to building on their well-respected reputation and legacy by attracting some of the world’s best brands, in addition to elevating the living experience by creating luxury residences with exquisite architecture and design,” said Gary Barnett, Founder & Chairman, Extell Development Company. “This partnership with Deer Valley brings together two of the very best in the business of real estate, service and hospitality, and we look forward to working with them to create what will be the crown jewel of Utah.”

In addition to the ski-specific amenities, the new village is slated to have over 800 hotel rooms across multiple properties, nearly 1,700 residential units, 250,000 square feet of retail and commercial space, and 68,000 square feet for recreation center. In addition, the multi-faceted development is expected to create approximately 2,000 new Deer Valley job opportunities.

“Deer Valley Resort is committed to building upon our legacy as one of the world’s most exceptional ski areas while staying true to our founding principles created over four-decades ago,” said Todd Bennett, President & COO, Deer Valley Resort. “This expansion will facilitate even better access to the resort for our guests, while offering a substantial increase in world-class amenities consistent with the resort’s original vision.”

A map of Deer Valley’s planned ski terrain expansion can be viewed here.

A photo gallery of the expanded terrain is available for download here: PHOTOGALLERYLINK
Copyright © 2023 Deer Valley Resort Company. All rights reserved

Additional assets, timelines and updates on Deer Valley’s future are available at https://expandedexcellence.deervalley.com.

About Alterra Mountain Company

Alterra Mountain Company is a family of 17 iconic year-round resorts, the world’s largest heli-skiing operation, and Ikon Pass – the premier ski and snowboard season pass offering access to more than 50 iconic mountain destinations around the world. Headquartered in Denver, Colorado and born out of a shared love of the mountains and adventure, the company has brought together some of the world’s most aspirational brands, including: Steamboat and Winter Park in Colorado; Palisades Tahoe, Mammoth Mountain, June Mountain, Big Bear Mountain Resort and Snow Valley in California; Stratton Mountain and Sugarbush Resort in Vermont; Snowshoe Mountain in West Virginia; Tremblant in Quebec and Blue Mountain in Ontario, Canada; Crystal Mountain in Washington; Schweitzer in Idaho; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. Also included in the portfolio is Alpine Aerotech, a worldwide helicopter support and maintenance service center in British Columbia, Canada, Aspenware, the ski industry leader in technology services and e-commerce, and Ski Butlers, the global leader in ski and snowboard rental delivery. For more information, please visit www.alterramtn.co.

About Deer Valley Resort

Deer Valley Resort located in Park City, Utah, revolutionized the ski industry by providing the first-class service one would receive at a five-star hotel. The ski-only resort offers 21 chairlifts, 103 ski runs, six bowls, 300 annual inches of powder, 2,026 acres of alpine skiing, limited lift ticket sales, numerous restaurants, three elegant day lodges, hundreds of luxury accommodations and a renowned Ski School and Children’s Center. Deer Valley is honored to be ranked as the United States’ Best Ski Resort by the World Ski Awards for 10 consecutive years.

About Extell Development Company

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, commercial, retail, hospitality, and mixed-use properties, operating primarily in Manhattan and other premier cities across the nation. In collaboration with world-class architects and design professionals, Extell creates properties distinguished by sophisticated design, gracious floor plans and first-class amenities. Having pioneered development on Manhattan’s Billionaires’ Row, the firm has developed some of the city’s most notable luxury properties including Central Park Tower, the tallest residential building in the world, and One57, the record-breaking glass tower above Park Hyatt’s five-star flagship hotel. Additional completed projects within the portfolio include One Manhattan Square on the Lower East Side; Brooklyn Point in Downtown Brooklyn; The Lofts Pier Village along the New Jersey Shore; The Intercontinental Hotel and Residences in Boston, MA; 175 West Jackson Street in Chicago, IL; The Four Seasons Resort and Residences Vail in Vail, CO; and The Four Seasons Resort and Club Dallas at Las Colinas in Dallas, TX. For more information, please visit www.extell.com.

Contacts

Amelie Bruzat

The Ashima Group

amelie@theashimagroup.com