TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three and nine months ended September 30, 2024 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS… [Read More]
LP Appoints Leslie Davis as Vice President, Controller and Chief Accounting Officer
NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Leslie Davis to Vice President, Controller and Chief Accounting Officer, effective immediately.
In her new role, Davis will oversee LP’s accounting, internal controls, and financial reporting. She will also be responsible for ensuring compliance with governance standards and managing both internal and external financial disclosures.
“Leslie has consistently demonstrated her expertise in financial management and accounting operations,” said LP Executive Vice President and Chief Financial Officer Alan Haughie. “Her analytical insight, decisive leadership, and ability to inspire teams have been invaluable. I am confident that she will excel in this role, furthering our strategic goals and enhancing value for our customers and shareholders.”
Davis joined LP in 2020 as Assistant Controller and was promoted to Senior Director of Internal Audit the following year. She brings more than 15 years of experience in financial reporting, having held key roles at EY and KPMG before joining LP.
A Certified Public Accountant, Davis earned her Master of Science in Accounting and a Bachelor of Science in Accounting from the University of Kentucky.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.
Contacts
615-986-5886
Media.Relations@lpcorp.com
Melcor REIT and Melcor Developments Announce Amended and Restated Arrangement Agreement and Cancellation of Unitholder Meeting
Melcor REIT and Melcor Developments enter into Amended and Restated Arrangement Agreement which provides increased per-Unit consideration of $5.50 Special unitholder meeting scheduled for November 26, 2024 is cancelled and Melcor REIT engages in new 90-day extended “go-shop” period Under the terms of the “go-shop”, Melcor Developments will not have the right to match a… [Read More]
2024 Historic Hotels Worldwide® Annual Awards of Excellence Winners Announced
Hotels and recipients were honored at the 2024 Historic Hotels Annual Awards of Excellence Ceremony and Gala on November 21, 2024, at The Omni Homestead Resort in Hot Springs, Virginia (United States of America).
WASHINGTON–(BUSINESS WIRE)–#awardsofexcellence–Historic Hotels Worldwide® is pleased to announce the distinguished winners of the 2024 Historic Hotels Worldwide Annual Awards of Excellence.
Award recipients were honored on the evening of Thursday, November 21, at the 2024 Historic Hotels Annual Awards of Excellence Ceremony and Gala at The Omni Homestead Resort in Hot Springs, Virginia (United States of America), in front of an audience of more than 200 industry leaders, owners, general managers, senior management, and representatives of the world’s finest historic hotels. The Omni Homestead Resort, founded in the scenic Allegheny Mountains in 1766, is the most historic resort in the United States. It is famous for its iconic Warm Springs Pools and championship fairways. TIME Magazine recently included The Omni Homestead Resort on its list of the “World’s Greatest Places 2024.” The awards ceremony was the final event of the 2024 Historic Hotels Annual Conference held there the week of November 18.
During the ceremony, 11 distinct awards of the Historic Hotels Worldwide Annual Awards of Excellence were presented to hoteliers and hotels, recognizing them as the best of the best among their peers. Winners were chosen from nominations by historic hotels, preservation supporters, prior award recipients, community leaders, and leadership from Historic Hotels Worldwide. Member hotels from the program are among the finest historic hotels around the world. The Historic Hotels Annual Awards of Excellence Program recognizes the pinnacle of this distinct group.
From more than 500 nominations received, the awards committee evaluated and, after careful consideration, selected the following 2024 Historic Hotels Worldwide Awards of Excellence winners:
Historic Hotels Worldwide New Member of the Year
This award is presented to a new member hotel that best demonstrates immediate engagement, activation, and passionate support of Historic Hotels Worldwide.
Winner: Half Moon (1954) Montego Bay, Jamaica
Historic Hotels Worldwide Best Social Media of a Historic Hotel
This award is given to a hotel that actively engages consumers by sharing the best of their history through social media, including Facebook, Twitter/X, and Instagram with interesting historical facts and stories.
Winner: Las Casas Filipinas de Acuzar (1780) Bagac, Philippines
Historic Hotels Worldwide Sustainability Champion
This award is presented to a hotel that best implements and practices innovative green initiatives and programs, demonstrating historic preservation is the ultimate green.
Winner: The K Club (1832) Straffan, County Kildare, Ireland
Historic Hotels Worldwide Legendary Family Historic Hoteliers of the Year
This award is presented to a multi-generational family ownership entity or management company which has served as an exemplary role model in the operation of the historic hotel entrusted to its stewardship, has demonstrated a long-term legacy of commitment to historic preservation, and has been an active champion of Historic Hotels Worldwide.
Winner: The Baverez Family, owners and managers of Les Hôtels Baverez since 1900
Historic Hotels Worldwide Best City Center Historic Hotel
This award is presented to a hotel located in a city center that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.
Winner: Mystery Hotel Budapest (1896) Budapest, Hungary
Historic Hotels Worldwide Best Historic Resort
This award is presented to the historic resort that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.
Winner: Kviknes Hotel (1752) Balestrand, Norway
Best Historic Hotels Worldwide Hotel in Europe
This award is presented to a historic hotel in Europe that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.
Winner: The Grand York (1906) York, England, United Kingdom
Best Historic Hotels Worldwide Hotel in Asia/Pacific
This award is presented to a historic hotel in Asia/Pacific that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.
Winner: The Fullerton Hotel Singapore (1924) Singapore
Best Historic Hotels Worldwide Hotel in the Americas
This award is presented to a historic hotel in the Americas that best celebrates its history in the guest experience and provides exceptional customer hospitality and service.
Winner: Fairmont Hotel Vancouver (1939) Vancouver, British Columbia, Canada
Historic Hotels Worldwide Historic Hotelier of the Year
This award is presented to the recipient demonstrating the highest contribution to furthering the celebration of history at historic hotels as well as leadership and innovation.
Winner: Franck X. Arnold at The Savoy London (1889) London, England, United Kingdom
Historic Hotels Worldwide Historian of the Year
This award is given to individuals who have made significant contributions to the research and presentation of history, encouraging a deeper discussion and broader understanding of the world’s most iconic and legendary hotels.
Winner: Andreas and Carola Augustin, editors of FamousHotels.org, “The Library of Hospitality”
“It is an honor to congratulate all of the 2024 Historic Hotels Worldwide Annual Awards of Excellence winners,” said Lawrence Horwitz, Executive Vice President, Historic Hotels of America and Historic Hotels Worldwide. “The winners are the finest historic hotels and hoteliers from around the world. The historic hotels nominated include small historic inns, boutique hotels, lifestyle hotels, and resorts. They represent small towns to large cities to UNESCO World Heritage destinations. We applaud the dedication and passion of the thousands of individuals working at these iconic and legendary hotels that keep the stories alive from the past and make staying or celebrating special occasions at these historic hotels memorable experiences. The hotels on this list represent the very best spirit of perseverance and preservation of historic hotels. Through the many chapters these buildings have seen, it is the care of their staff, owners, and operators and the support of travelers that allow these stories to continue.”
To be nominated for the Historic Hotels Worldwide Annual Awards of Excellence, the hotel must be a member of Historic Hotels Worldwide, demonstrate how the hotel increased the recognition and celebration of the hotel’s history, heritage, historic preservation, and its membership, as well as how the hotel (through its ownership, leadership, and employees) contributes significantly as an industry leader in the designated award category.
Historic Hotels Worldwide’s sibling program, Historic Hotels of America®, also announced its collection’s winners of the Historic Hotels Annual Awards of Excellence this week. See the news about those nominees here.
About Historic Hotels Worldwide®
Historic Hotels Worldwide® is a prestigious and distinctive hotel collection of historic treasures, including luxury historic hotels built in former castles, chateaus, palaces, academies, haciendas, villas, monasteries, and other historic lodging spanning ten centuries. Historic Hotels Worldwide represents the finest and most distinctive global collection of more than 320 historic hotels in forty-nine countries. Hotels inducted into Historic Hotels Worldwide are authentic historic treasures, demonstrate historic preservation, and celebrate historic significance. Eligibility for induction into Historic Hotels Worldwide is limited to those distinctive historic hotels that adhere to the following criteria: minimum age for the building is 75 years or older; historically relevant as a significant location within a historic district, historically significant landmark, place of a historic event, former home of a famous person, or historic city center; hotel celebrates its history by showcasing memorabilia, artwork, photography, and other examples of its historic significance; recognized by national preservation or heritage buildings organization or located within UNESCO World Heritage Site; and presently used as a historic hotel. For more information, please visit HistoricHotelsWorldwide.com.
Contacts
Katherine Orr
Historic Hotels of America│Historic Hotels Worldwide
Director, Marketing Strategy and Communications
Tel: +1-202-772-8337
korr@historichotels.org
ERES Provides Update On Previously Disclosed Strategic Transactions
TORONTO, Nov. 22, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or “the REIT”) (TSX:ERE.UN) announced today an update on the expected closing of its previously disclosed strategic dispositions, and timing of its anticipated special distribution and distribution reduction, as announced in its press release dated September 16, 2024. Strategic Dispositions As… [Read More]
Real Ranked No. 38 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™
Real attributes 4,062% revenue growth over three-year period to operational efficiencies derived from its technology platform and entrepreneurial model, which continue to attract agents at a record pace
TORONTO & NEW YORK–(BUSINESS WIRE)–The Real Brokerage Inc. (NASDAQ: REAX), a technology platform reshaping real estate for agents, home buyers and sellers, today announced it ranked No. 38 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 30th year. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023. Real had revenue growth of 4,062% over the three year period ended December 31, 2023.
“This award is yet another sign that the industry is ready for a technology-first brokerage platform that boosts agent productivity through automation,” said Tamir Poleg, Chairman and CEO of Real. “It’s a straightforward concept, but it requires widespread adoption to succeed—making our proprietary tech stack a vital component of our growth. Looking ahead, we’re committed to leveraging artificial intelligence to elevate agent productivity and deliver a seamless, intuitive experience for both agents and their clients.”
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and median growth rate of 460%.
Real has maintained rapid growth in its sector and credits its success to operational efficiencies enabled by its advanced technology platform and entrepreneurial model, which continues to attract agents at a record pace.
About the 2024 Deloitte Technology Fast 500
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the U.S. and Canada, Real supports more than 22,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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 and grow revenue.
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, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors” in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. 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, please contact:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Timbercreek Financial Declares November 2024 Dividend
TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on December 13, 2024 to holders of Common Shares of record on November 29, 2024. The Company… [Read More]
Northview Residential REIT Announces November Distribution
Not for distribution to U.S. newswire services or for dissemination in the United States. CALGARY, Alberta, Nov. 21, 2024 (GLOBE NEWSWIRE) — Northview Residential REIT (the “REIT”) today announced its November 2024 cash distribution amounts on its outstanding Class A Units, Class C Units and Class F Units (collectively, the “Units”) in the amount of… [Read More]
Colliers named World’s Best Real Estate Advisor by Euromoney
Earns most awards globally with wins in 16 categories TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) — Leading global diversified professional services company Colliers (NASDAQ and TSX: CIGI) is proud to be named World’s Best Real Estate Advisor by the prestigious Euromoney Global Real Estate Awards. Building on last year’s Best Global Agency win, Colliers continued… [Read More]
Dream Industrial REIT Announces November 2024 Monthly Distribution
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (the “Trust”) announced today its November 2024 monthly distribution in the amount of 5.833 cents per Unit (70 cents annualized). The November distribution will be payable on December 13, 2024 to unitholders of record as at November 29, 2024.
Dream Industrial REIT is an owner, manager, and operator of a global portfolio of well-located, diversified industrial properties. As at September 30, 2024, Dream Industrial REIT has an interest in and manages a portfolio which comprises 338 industrial assets (545 buildings) totalling approximately 71.9 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to deliver strong total returns to its unitholders through secure distributions as well as growth in net asset value and cash flow per unit underpinned by its high-quality portfolio and an investment grade balance sheet. Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. For more information, please visit our website at www.dreamindustrialreit.ca.
Contacts
For further information, please contact:
DREAM INDUSTRIAL REIT
Alexander Sannikov
President and Chief Executive Officer
(416) 365-4106
asannikov@dream.ca
Lenis Quan
Chief Financial Officer
(416) 365-2353
lquan@dream.ca
Melcor REIT Announces a Third Independent Proxy Advisor Recommends Unitholders Vote for the Plan of Arrangement
Endorsement from Egan-Jones follows earlier recommendation from ISS and Glass Lewis to vote FOR Arrangement ISS cites “large premium cash exit” and “meaningful downside risks of non-approval” in its report Unitholders who have questions or need assistance in voting should contact Laurel Hill Advisory Group by telephone at 1-877-452-7184 (North American Toll Free) or 1-416-304-0211… [Read More]
Dream Unlimited Corp. Announces Closing of Arapahoe Basin Sale and Special Dividend
This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release.
TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) (“Dream” or the “Company”) today announced the closing of its previously-announced sale of Arapahoe Basin (“Arapahoe Basin” or the “Resort”), our ski area in Colorado, to Alterra Mountain Company (“Alterra”). Based on today’s exchange rate and internal estimates of taxes payable, management believes this results in after-tax profit of approximately $115 million after closing costs and adjustments.
“Arapahoe Basin has been a great investment for Dream and one that we are very proud of,” said Michael Cooper, Chief Responsible Officer of Dream. “We have had the honour of taking care of this Resort over the last quarter century, with a constant commitment to the visitor experience. We are thrilled that Alterra recognizes and shares the same values and will continue to foster its unique and incredible culture. The closing of this transaction greatly improves our financial flexibility and allows us to significantly reduce our debt load while rewarding our shareholders through a special dividend for making the choice to continue to hold our stock.”
Dream acquired Arapahoe Basin in 1997, at a time when the Resort only had 490 skiable acres. Over the last 27 years, together with the Arapahoe Basin management team, Dream expanded the ski area to 1,428 acres, replaced all of the lifts and most of the buildings and opened the two highest elevation restaurants in North America, Il Rifugio and Steilhang Hut.
The management team, including Alan Henceroth, Chief Operating Officer of Arapahoe Basin, will continue to lead the ski area into the future and maintain the values and brand that we are so proud to have been a part of. Alterra, a world class ski resort operator with a proven track record of investing in its resorts while maintaining their distinctive cultures, is in a strong position to continue to grow the customer experience, increase the Resort’s offerings, and build on the culture of the ski area.
The proceeds will be partially directed at repaying over $100 million of debt and maintaining financial flexibility, while a portion will be returned to shareholders through a special dividend of $1.00 per Class A Subordinate Voting Share and Class B Common Share, payable on December 31, 2024 to shareholders of record on December 13, 2024.
The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada).
About Dream Unlimited Corp.
Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $26 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.
Forward-Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, the timing of special dividend, expected use of proceeds from the sale of the Resort, anticipated repayments of debt, anticipated distributions to shareholders, our future strategic plans for our other assets, expected future debt levels and liquidity, our ability to maximize shareholder value, and the future operations, offerings, management team, customer experience and culture of the Resort. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: our ability to satisfy closing conditions, including regulatory approvals; that inflation will remain in line with expectations; that general economic and business conditions remain in line with expectations, including unemployment levels and interest rates, positive net migration, oil and gas commodity prices; our business strategy, including geographic focus; anticipated sales volumes; and the performance of our underlying business segments. Risks and uncertainties include, but are not limited to, general and local economic and business conditions; inflation or stagflation; the risk of global medical pandemic, including resulting government measures; employment levels; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, terrorism or other acts of violence, international sanctions and the disruption of movement of goods and services across jurisdictions; regulatory risks; mortgage and interest rates and regulations; environmental risks; consumer confidence; seasonality; adverse weather conditions; construction material shortages; adverse changes to purchasers financial conditions; reliance on key clients and personnel and competition. All forward-looking information in this press release speaks as of November 19, 2024. Dream does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR+ (www.sedarplus.com).
Contacts
For further information, please contact:
Dream Unlimited Corp.
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
mpeloso@dream.ca
Kim Lefever
Director, Investor Relations
(416) 365-6339
klefever@dream.ca
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