TORONTO, Dec. 19, 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 January 15, 2025 to holders of Common Shares of record on December 31, 2024. The Company… [Read More]
Carlisle Companies Completes Purchase of Plasti-Fab
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE:CSL) today announced that it has completed the previously announced purchase of the expanded polystyrene “EPS” insulation segment of PFB Holdco, Inc., a portfolio company of The Riverside Company, composed of the Plasti-Fab and Insulspan brands (collectively referred to as “Plasti-Fab”) for $259.5 million in cash.
Plasti-Fab, headquartered in Calgary, Alberta, is a leading vertically integrated provider of EPS insulation products in Canada and the Midwestern United States with eight manufacturing locations across Canada and three in the United States serving the commercial, residential, and infrastructure construction markets.
The acquisition of Plasti-Fab is consistent with Carlisle’s Vision 2030 strategy, leveraging Carlisle’s mergers and acquisitions “M&A” engine and fulfilling its four core M&A tenets including an embedded organic growth story, identified hard cost synergies, a strong and experienced management team, and an ability to drive integration success utilizing the Carlisle M&A playbook.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.
Contacts
Mehul Patel
Vice President, Investor Relations
Carlisle Companies Incorporated
(310) 592 – 9668
mpatel@carlisle.com
LP Building Solutions and LP Foundation Donate Over $1.3 Million in 2024 to Support Nonprofits, Schools, and Communities
Year in giving reflects continued commitment to housing initiatives, environmental stewardship, and workforce development
NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP), a leading manufacturer of high-performance building products, announced contributions exceeding $1.3 million in 2024 through the LP Foundation and other corporate giving initiatives. This marks the fifth consecutive year of increased contributions and the fourth straight year surpassing $500,000 in annual donations. These funds have supported over 100 nonprofits and public schools.
The LP Foundation, an independent 501(c)(3) nonprofit entity fully funded by LP, has been Building a Better World™ since 1973. Today, it operates five philanthropic programs: Community Grants, Disaster Relief, Team Member Giving Matches, Team Member Nonprofit Board Service Grants, and a partnership with the Gary Sinise Foundation.
“Our mission is to strengthen communities, protect our environment, and foster the next generation of talent,” said LP Foundation President Breeanna Straessle. “We’re proud to see how our contributions continue to create a lasting impact across the U.S. and Canada.”
Strengthening Communities Through Strategic Giving
The LP Foundation prioritizes three areas aligned with LP’s mission and values:
- Affordable Housing: Supporting home-building initiatives in LP operational areas
- Environmental Stewardship: Protecting ecosystems and supporting resilient, biodiverse forests
- Future Workforce Development: Attracting diverse talent in manufacturing, forestry, and construction trades
In 2024, the Foundation awarded nearly $500,000 in community grants to dozens of nonprofits, including Dickinson Trail Network in Michigan to expand non-motorized trails and Goodwill Industries of Middle Tennessee’s Skilled Trades Training program. Other examples include grants to Cheekwood Estate & Gardens in Nashville for reforestation after severe weather events and Cameron Lake Outdoor Education Centre in British Columbia, which provides environmental education to public school students.
“With more than 2,300 trees, Cheekwood Estate & Gardens is an accredited arboretum that celebrates the diversity of Middle Tennessee’s native tree canopy and serves the community as an outdoor classroom, as well as a place for respite for people and wildlife,” said Cheekwood Vice President of Gardens and Facilities Peter Grimaldi. “On behalf of Cheekwood, we are eternally grateful for the LP Foundation’s generous support with funding to plant trees in our arboretum, which helps us replace the trees lost to extreme weather between 2021 and 2023. LP’s investment is invaluable to our ongoing mission to replant, restore, and renew our diverse tree collection.”
Expanding National Partnerships
LP deepened its partnership with the Gary Sinise Foundation in 2024, donating LP® SmartSide® Trim & Siding for specially adapted homes for wounded veterans. Last month, LP helped build a home for retired U.S. Army Sergeant Joshua Hargis in honor of Veterans Day.
“LP’s generosity enables us to further amplify our support of our nation’s incredible heroes and their families,” said Gary Sinise Foundation Executive Director Donna Mercier. “On behalf of our founder Gary Sinise, we are so grateful for their unwavering support of our mission.”
Disaster Relief and Community Resilience
Following Hurricane Helene’s devastation in the Southeast U.S., LP provided critical support to impacted areas in North Carolina and Tennessee, including donations to humanitarian relief efforts, over 6,000 bottles of water, and OSB for rebuilding projects.
“Our community faced catastrophic flooding, and LP’s swift response made a tangible difference,” said LP Roaring River HR Manager Constance Fine.
Fostering Workforce Development
LP is dedicated to building a more inclusive and skilled workforce, supporting initiatives like the Manufacturing Institute’s Women MAKE America and Heroes MAKE America programs, the Forest Workforce Training Institute, and the Building Talent Foundation, which connects young people and underrepresented groups to opportunities in construction trades.
Additional support was provided to organizations such as the National Association of Black Accountants, fostering diversity in finance and accounting, and other nonprofits that advance inclusion and career development in the manufacturing and forestry industries.
Learn more about LP’s philanthropic programs at LPCorp.com.
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
Urbanfund Corp. Declares Dividend
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that the Board of Directors of the Company has declared a dividend of $0.0125 per common share… [Read More]
SmartCentres Declares Distribution for December 2024
TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of December 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on January 15, 2025 to unitholders… [Read More]
Slate Grocery REIT Announces Distribution for the Month of December 2024
TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of December 2024 of U.S.$0.072 per class U unit of the REIT (“Class U Units”), or U.S.$0.864 on an annualized basis.
Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election.
Holders of class A units of the REIT (“Class A Units”) will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT (“Class I Units”) will receive a distribution of U.S.$0.072 per Class I Unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units (“Exchangeable Units”) will receive a distribution of U.S.$0.072 per unit.
If a holder of Class U Units or Class I Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.
Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on January 15, 2025, to unitholders of record as of the close of business on December 31, 2024.
About Slate Grocery REIT (TSX: SGR.U / SGR.UN)
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.
About Slate Asset Management
Slate Asset Management is a global investor and manager focused on essential real estate and infrastructure assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners across the real assets space. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.
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.
SGR-Dist
Contacts
For Further Information
Investor Relations
+1 416 644 4264
ir@slateam.com
CAPREIT Provides Update on MHC and European Dispositions, Declares Special Distribution and December 2024 Distribution
This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that is has completed, in part, its… [Read More]
ERES Provides Update on Strategic Dispositions, Declares Special Distribution and December 2024 Distribution
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or “the REIT”) (TSX:ERE.UN) announced today that it has closed on the previously announced dispositions of an aggregate 3,179 residential suites in the Netherlands for gross proceeds, net of estimated adjustments, of approximately €739 million. Please refer to the REIT’s press… [Read More]
CAPREIT Announces $104 Million Non-Core Disposition in Montréal
This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that the City of Montréal has announced… [Read More]
CAPREIT Announces $104 Million Disposition in Montréal
This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that the City of Montréal has announced… [Read More]
Flagship Communities Real Estate Investment Trust Announces December 2024 Cash Distribution
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0517 per REIT unit for the month of December 2024, representing US$0.62 per REIT unit on an annual basis…. [Read More]
StorageVault Announces the Addition of New Independent Director Deborah Robinson as Jay Lynne Fleming Steps Down from Board of Directors and also Announces Quarterly Dividend for Q4 2024
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that Deborah Robinson, ICD.D, has been appointed as a director of StorageVault as Jay Lynne Fleming has decided to step down from the Board for personal reasons. Effective December 16, 2024, the Board of Directors of StorageVault will be… [Read More]
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