MONTREAL, Oct. 25, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) will release its 2022 third quarter financial results on Wednesday, November 9, 2022, after markets close. A conference call hosted by PROREIT’s management team will be held on Thursday, November 10, 2022, at 9:00 (ET) to discuss the results…. [Read More]
George Weston Limited Announces Timing of Third Quarter Earnings Release
TORONTO, Oct. 25, 2022 /CNW/ – George Weston Limited (TSX: WN) will be announcing its 2022 Third Quarter Results on November 22, 2022 at 7:00AM (ET). About George Weston Limited George Weston Limited is a Canadian public company founded in 1882. The Company operates through its two reportable operating segments, Loblaw Companies Limited and Choice… [Read More]
Fluor Awarded Contract for Imperial Renewable Diesel Project in Canada
IRVING, Texas & CALGARY, Alberta–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) was awarded a reimbursable front-end engineering and detailed design, engineering and procurement services contract for Imperial as the company progresses plans to develop a world-class renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, Canada. The new complex is expected to be the largest renewable diesel production facility in Canada and will produce approximately 20,000 barrels of renewable diesel per day from locally sourced feedstocks.
Fluor booked the undisclosed contract value in the third quarter of 2022.
“Our involvement in this project underscores our ongoing commitment to helping clients deliver sustainable and lower carbon energy,” said Jim Breuer, group president, Energy Solutions, Fluor Corporation. “By combining Fluor’s global renewables engineering and construction expertise with the company’s extensive local knowledge, Fluor will provide a robust modular execution approach for this project.”
Fluor will design and integrate a new renewable diesel unit into the existing Strathcona refinery. The integration will include a series of utility tie-ins, electrical and control systems integration as well as commodity storage, loading and unloading capabilities.
Fluor in Energy Transition
Fluor delivers energy transition projects across the entire energy value chain that are safely and sustainably designed, built and maintained. Fluor’s breadth of experience includes solutions that help to reduce carbon emissions and to meet clients’ sustainability commitments.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 259 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 110 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
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Contacts
Brian Mershon
Media Relations
469.398.7621/864.281.6976
Jason Landkamer
Investor Relations
469.398.7222
Tricon Announces 2022 GRESB Results, Showcasing Leadership in Sustainability Initiatives
TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, is pleased to announce it has improved its ratings in the 2022 Global Real Estate Sustainability Benchmark (“GRESB”) Real Estate Assessment and has been recognized as a peer group leader in multiple categories.
Tricon’s overall GRESB rating improved by 24 percent relative to its inaugural 2021 performance. The Company earned a perfect score under the management component, which covers ESG leadership, policies, reporting, risk management and stakeholder engagement, reflecting a 25 percent score improvement from the prior year. Tricon also outperformed the GRESB average and its peer group under the development benchmark, which encompasses its Toronto-based multi-family portfolio. The portfolio earned a score of 92/100 as well as a Green Star designation that reflects a nearly 40 percent improvement relative to last year’s inaugural submission.
“I am proud to share our improved annual GRESB ratings, which showcase our commitment to a range of sustainability initiatives that are taking our ESG program to new heights,” said Gary Berman, President & CEO of Tricon Residential. “Pursuing net-zero rental communities, self-governing on rent increases, offering down payment assistance to our residents, and supporting diversity, inclusion and belonging within our organization are but a few of the many impactful steps we are taking to make the world a better place, and we are pleased to see our GRESB ratings reflect the measurable progress we are making towards our goals.”
Recognized by the financial market and investors as the global standard for measuring real estate sustainability performance, GRESB collects, validates, scores and benchmarks ESG data self-reported by participants by evaluating management practices and asset-level performance. The GRESB Assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of asset investments and are aligned with international reporting frameworks, standards and emerging regulations.
Tricon will identify strengths and opportunities resulting from the assessment and set objectives for the coming year and beyond, with the goal of continually improving its overall GRESB scores. Additional details about Tricon’s ESG goals and progress, in addition to our 2021 ESG Report, can be found in the Sustainability section of Tricon’s website at www.triconresidential.com.
About Tricon Residential Inc.
Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 34,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.
Contacts
Investors
Wissam Francis
EVP & Chief Financial Officer
Wojtek Nowak
Managing Director, Capital Markets
Email: investorsupport@triconresidential.com
Media
Tara Tucker
Vice President, Communications
Minto Apartment REIT Releases 2021 ESG Report and Announces 2022 GRESB Results
OTTAWA, ON, Oct. 24, 2022 /CNW/ – Minto Apartment Real Estate Investment Trust (TSX: MI.UN) (the “REIT”) today announced the publication of its 2021 Environmental, Social and Governance (“ESG”) Report (the “Report”) as well as the results from the 2022 GRESB real estate assessment. The Report emphasizes that the REIT’s mission to build better places… [Read More]
Slate Office REIT Closes $45 Million Bought Deal Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — Slate Office REIT (the “REIT”) (TSX: SOT.UN), an owner and operator of high-quality workplace real estate, announced today that it has closed its previously announced bought deal public offering (the “Offering”) by way of its short… [Read More]
FirstService Announces Property Restoration Additions
Three Tuck-Under Acquisitions Expand Geographic Footprint and Capabilities TORONTO, Oct. 24, 2022 (GLOBE NEWSWIRE) — FirstService Corporation (TSX and NASDAQ: FSV) (“FirstService”) announced today that it has recently completed three acquisitions within its property restoration service lines, including the addition of two regional commercial restoration firms to its First Onsite Restoration platform, and the expansion… [Read More]
CertainTeed Gypsum Canada Welcomes CITT Western Drywall Determination
Anti-Dumping Measures For Western Provinces Maintained for Another 5 Years
MISSISSAUGA, Ontario–(BUSINESS WIRE)–CertainTeed Canada Inc. welcomes the Canadian International Trade Tribunal’s decision to maintain anti-dumping measures for drywall in British Columbia, Alberta, Saskatchewan, and Manitoba, as well as the Yukon and Northwest Territories for another five years.
In an expiry review issued yesterday, the CITT found that U.S. drywall dumping will cause material injury to the domestic western Canadian drywall industry if current anti-dumping measures are not maintained. As a result, current anti-dumping measures will be maintained for another five years.
The ruling applies to gypsum board meeting or supplied to meet ASTM C 1396 or ASTM C 1396M or equivalent standards, excluding gypsum board made to a width of 54 inches.
As stated by Julie Bonamy, CEO Certain Canada Inc.: CertainTeed Canada is committed to free and fair trade; we have helped shape the Canadian building products industry for more than 80 years. In Western Canada, we own and operate three drywall manufacturing plants and are committed to support our customers and employees through our facilities in Vancouver, Calgary, and Winnipeg.
The full CITT ruling can be found here:
Tribunal Continues Finding—Gypsum Board from the United States
https://www.citt-tcce.gc.ca/en/news/tribunal-continues-finding-gypsum-board-united-states
For More Information Please Contact:
Peter Clark
Saint-Gobain Corporate Communications
Media@saint-gobain.com
About CertainTeed :
Through the responsible development of innovative and sustainable building products, CertainTeed, headquartered in Malvern, Pennsylvania, has helped shape the building products industry for more than 115 years. Founded in 1904 as General Roofing Manufacturing Company, the firm’s slogan, “Quality Made Certain, Satisfaction Guaranteed,” inspired the name CertainTeed. Today, CertainTeed is a leading North American brand of exterior and interior building products, including roofing, siding, solar, fence, railing, trim, insulation, drywall and ceilings. www.certainteed.com.
About Saint-Gobain:
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group’s commitment is guided by its purpose, “MAKING THE WORLD A BETTER HOME.”
€44.2 billion in sales in 2021
167,000 employees, located in 76 countries
Committed to achieving Carbon Neutrality by 2050
For more details on Saint-Gobain, visit http://www.saint-gobain.com and follow us on Twitter @saintgobain
Contacts
Peter Clark
Saint-Gobain Corporate Communications
media@saint-gobain.com
Slate Office REIT Issues Statement Regarding Unitholder Letter
TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, today issued the following statement in response to an open letter issued by G2S2 Capital Inc. (“G2S2”) to Slate Office REIT unitholders:
The REIT regularly engages with unitholders and welcomes constructive input focused on enhancing value for the REIT and all unitholders. Members of the REIT’s Board of Trustees (the “Board”) and senior management team have held many meetings, discussions, and property tours with G2S2 and its Executive Chairman, George Armoyan, over the past several months – dating back to May 2022. In these conversations, Mr. Armoyan expressed interest in acquiring certain of the REIT’s assets located in Atlantic Canada. We made clear our openness to engaging constructively with Mr. Armoyan under the same fair terms we use with all other prospective purchasers and sellers. These conversations were ongoing as recently as this week.
Across multiple meetings, we asked for Mr. Armoyan’s suggestions and ideas for improving the REIT’s business strategy and operations. Mr. Armoyan did not provide any suggestions beyond what the Board and senior management are already executing or have considered.
The REIT believes that constructive engagement – not a potentially expensive and distracting proxy contest – is the best forum for addressing unitholder feedback. We remain willing to continue to engage with G2S2 in good faith, in the interest of all unitholders. To this end, members of the REIT’s Board are scheduled to meet with Mr. Armoyan today.
The REIT’s senior management team continues to focus on buying well-located, quality real estate, with high-quality credit tenants that will generate stable and growing cash flow for unitholders. There is no unitholder action required at this time. The REIT will provide further updates if developments warrant.
About Slate Office REIT (TSX: SOT.UN)
Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. A majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.
Forward-Looking Statements
Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans,” “expects,” “does not expect,” “scheduled,” “estimates,” “intends,” “anticipates,” “does not anticipate,” “projects,” “believes,” or variations of such words and phrases or statements to the effect that certain actions, events or results “may,” “will,” “could,” “would,” “might,” “occur,” “be achieved,” or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.
SOT-SA
Contacts
For Further Information
Investor Relations
+1 416 644 4264
ir@slateam.com
PROREIT ANNOUNCES OCTOBER 2022 DISTRIBUTION
MONTREAL, Oct. 21, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT for the month of October 2022 will be payable on November 15, 2022 to unitholders of record as at October 31, 2022. About PROREIT PROREIT… [Read More]
Middlefield Global Real Asset Fund Distributions
TORONTO, Oct. 21, 2022 (GLOBE NEWSWIRE) — Middlefield Global Real Asset Fund (TSX: RA.UN) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2022 will be payable to unitholders of Middlefield Global Real Asset Fund as follows: Record Date Payable Date Distribution Per Trust Unit October 31, 2022 November 15, 2022… [Read More]
Sustainable Infrastructure Dividend ETF Distributions
TORONTO, Oct. 21, 2022 (GLOBE NEWSWIRE) — Middlefield Sustainable Infrastructure Dividend ETF (TSX: MINF) (the “Fund”) is pleased to announce that distributions for the fourth quarter of 2022 will be payable to unitholders of Middlefield Sustainable Infrastructure Dividend ETF as follows: Record Date Payable Date Distribution PerTrust Unit October 31, 2022 November 15, 2022 $0.04167… [Read More]
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