TORONTO, July 16, 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 July 2024 of $0.15417 per unit, representing $1.85 per unit on an annualized basis. The distribution will be payable on August 15, 2024 to unitholders… [Read More]
Slate Grocery REIT Announces Distribution for the Month of July 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 July 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 August 15, 2024 to unitholders of record as of the close of business on July 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 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 alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. 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
ERES REIT Completes €116 Million in Strategic Portfolio Sales
TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or “the REIT”) (TSX:ERE.UN) announced today that it has closed on two dispositions of an aggregate 530 residential suites in the Netherlands for approximately €114.9 million in combined gross proceeds. ERES also announced that it has closed on the sale of… [Read More]
Allied Announces July 2024 Distribution
TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — Allied Properties REIT (“Allied”) (TSX:AP.UN) announced today that the Trustees of Allied have declared a distribution of $0.15 per unit for the month of July 2024, representing $1.80 per unit on an annualized basis. The distribution will be payable on August 15, 2024, to unitholders of record as… [Read More]
ERES REIT Declares July 2024 Monthly Distribution
TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the July 2024 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “July Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will… [Read More]
CAPREIT Announces July 2024 Distribution
TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its July 2024 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The July 2024 distribution will be payable on August 15, 2024 to Unitholders of record at the close… [Read More]
CAPREIT Announces Strategic Sale of MHC Portfolio for $740 Million
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, July 15, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has entered into an agreement… [Read More]
Flagship Communities Real Estate Investment Trust Announces July 2024 Cash Distribution
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0492 per REIT unit for the month of July 2024, representing US$0.59 per REIT unit on an annual basis…. [Read More]
Opening of a New MICE Venue, TAKANAWA GATEWAY Convention Center*
– One of the largest multi purpose hall within Tokyo with direct access to the station started taking reservations from July 1st 2024 –
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East Japan Railway Company (JR East), JR East Building Co., Ltd (JR East Building) and Congrès Inc.(Congrès) started taking reservations for this Venue. This facility is within the TAKANAWA GATEWAY CITY, scheduled to open in late March 2025.
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This venue has direct access to Takanawa Gateway Station, and with the LINKPILLAR Hall having the capacity of 2000 people, it allows a variety of MICE events.
- This venue will also strive to take environmentally sustainable actions. By using public spaces such as the plaza and advertising media within the city, the city itself will serve as a unique MICE venue.
*MICE stands for Meetings, Incentives, Conventions and Exhibition/Events.
TOKYO–(BUSINESS WIRE)–EAST JAPAN RAILWAY COMPANY:
1. About TAKANAWA GATEWAY Convention Center
(1) Features of the Venue
- A MICE venue with new technology
- The LINKPILLAR Hall is equipped with high-resolution projectors supported by a range of communication infrastructures which enables seamless real-time transmission of images and audios.
- Numerous types of spaces that will suite the participants’ needs
- An advanced MICE hub surrounded by numerous facilities
- An ideal location for International events
Venue Information
- Location: THE LINKPILLAR 1 SOUTH, 1st and 2nd basement floor, 6th floor
For more information, please look at the website below:
https://www.takanawagateway-cc.com/en/facility/
(2) A Citywide MICE in the Center of Tokyo
The development of this area which includes the city and the station is done by JR East. Using this strength, you can organise your MICE events outside of the facility, meaning that the city itself will become a unique MICE venue.
2. Sustainable Actions
We are dedicated to promoting sustainability and making significant environmental contributions through hosting MICE events.
(1) Environmentally Friendly Venue
This Convention Center is in THE LINKPILLAR 1, which has achieved the well renowned LEED® for Building Design and Construction: Core and Shell Development (LEED® BD+C CS) precertification (Gold).
(2) Transforming Food Waste Into Power
Leftover food will be transformed into power by using the first in-building biogas generation equipment in East Japan.
(3) Supporting to Host an Environmentally Friendly Event
This Venue will actively implement measures that contribute to sustainable MICE practices.
For more information, please look at the website below:
https://www.congre.com/sustainability/sdgs/
3. Inquires
(1) When can we start using the venue?
Rooms are available from July 1st 2025 onwards.
*The opening date for renting each room will differ.
(2) When can we start sending booking inquiries?
- When: July 1st 2024 (Monday) , 2PM~
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How: Please visit our Website
https://takanawagateway-cc.com
For further enquires, please contact us below.
Contacts
Enquiries
TAKANAWA GATEWAY Convention Center
takanawagateway-cc@jebl.co.jp
Phone +81-(0)3-3510-3734 (Weekdays 10:00-17:00)
SmartCentres Real Estate Investment Trust to Release 2024 Second Quarter Results and Host Conference Call
TORONTO, July 12, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will be reporting its financial results for the three months ended June 30, 2024 after the market closes on Thursday, August 8, 2024. Management will hold a conference call on Friday, August 9, 2024 at 11:00… [Read More]
H.I.G. Infrastructure Completes Acquisition of Best Trash
NEW YORK–(BUSINESS WIRE)–#Acquisition–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Best Trash, LLC (“Best Trash” or the “Company”).
Headquartered in Richmond, TX, Best Trash is a market leading municipal solid waste platform serving the residential waste collection needs of select markets in Texas including the Greater Houston Area (“GHA”). Best Trash services utility districts, municipalities, homeowner associations, and individual residences.
Mark Moderski, Chief Executive Officer of Best Trash, commented, “We are thrilled to partner with H.I.G. and leverage their significant experience and resources as we enter this next phase of growth. Best Trash has built its brand providing exceptional service to its customers, and we look forward to continuing to serve the communities in which we operate.”
Miriam Rafiqi, Managing Director at H.I.G. Infrastructure, added, “We are excited about the opportunity to partner with Mark and his outstanding management team in the Company’s next stage of growth. Best Trash provides essential and recurring services under long-term contracts and has a reputation for prioritizing reliable and consistent customer service, which will continue to drive growth in the business. We look forward to supporting management’s continued growth initiatives.”
Stifel, Nicolaus and Company, Inc. acted as financial advisor and Ropes & Gray LLP served as legal counsel to H.I.G. Raymond James & Associates, Inc. acted as financial advisor and White & Case LLP served as legal counsel to Best Trash.
About Best Trash
Founded in 2009, Best Trash is a premier and trusted waste collection platform providing non-discretionary, best-in-class service to over 450,000 homes across more than 350 contracts. Best Trash delivers full-suite rear-load residential refuse collection.
Best Trash has a stellar reputation for quality and safety, resulting in industry leading customer retention. The Company’s long-term contracts provide significant revenue visibility, and when paired with Best Trash’s long-term disposal contracts, generate attractive, and stable margins. For more information, visit best-trash.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:
- 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.
- 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.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- 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 $53 billion. For more information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and its affiliates.
Contacts
Miriam Rafiqi
Managing Director
mrafiqi@hig.com
Paul Gurm
Principal
pgurm@hig.com
H.I.G. Capital
1271 Avenue of the Americas
22nd Floor
New York, NY 10020
P 212.506.0500
hig.com
RONA Partners with Affirm to Bring Canadians a More Flexible Way to Pay for Home Improvement Supplies Online
Eligible consumers can pay in simple biweekly or monthly payments, with no hidden or late fees
BOUCHERVILLE, Québec & TORONTO–(BUSINESS WIRE)–Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with RONA inc., one of Canada’s leading home improvement retailers operating and servicing some 425 corporate and affiliated stores. Now, eligible shoppers can use Affirm to purchase their home improvement necessities online.
By selecting Affirm at checkout on rona.ca, approved RONA customers can split eligible purchases into biweekly or monthly payments for terms up to 12 months. Consumers are shown the total cost of their purchase and will never pay more than they agree to upfront as Affirm does not charge any late or hidden fees.
“Canadians have trusted RONA for their home improvement needs since 1939 and, throughout the years, their shopping habits have evolved. Many Canadians now prefer to use online solutions for making their purchases and we wanted to offer them the same payment flexibility we offer customers who shop our stores through other flexible payment solutions, which is exactly what Affirm allows us to do,” said Adam Powell, Chief Digital Officer of RONA inc. “We’re thrilled to offer greater choice at checkout to help our customers bring their projects to life.”
“Tackling home projects can be daunting, but using Affirm can give eligible RONA consumers the clarity and control they need to focus on completing the job at hand without the stress or hassle of hidden fees or junk charges,” said Wayne Pommen, Chief Revenue Officer at Affirm. “We’re proud to work with one of the most iconic retailers in Canada to offer a flexible and transparent way to pay for those important home improvement supplies.”
RONA joins Affirm’s network of 292,000 retailers, including partnerships in Canada with Amazon, Apple, Samsung, Hudson’s Bay, Browns Shoes, CheapOair and more.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.
About RONA inc.
RONA inc. is one of Canada’s leading home improvement retailers and is headquartered in Boucherville, Québec. The RONA inc. network operates or services some 425 corporate and affiliated dealer stores under the RONA+, RONA, Réno-Dépôt, and Dick’s Lumber banners. With a long and rich history, RONA inc. has supported Canadians in their home improvement and construction projects since 1939. To achieve this, the company relies on a team of 21,000 employees, to whom it strives to provide an inclusive workplace where everyone is invited to contribute. RONA inc. is one of the Montréal region’s Top Employers since 2021. As a result of its ongoing efforts in sustainable development, the company is recognized as one of Canada’s Greenest Employers. To learn more about the company, visit the website www.ronainc.ca.
To share this news on social media, please use @RONAEN (Facebook), @RONA (LinkedIn), and @RONAinc (X, formerly Twitter).
Rates from 0-31.99% APR (subject to provincial regulations). Payment options through Affirm Canada Holdings Ltd. (“Affirm”) are subject to an eligibility check and depend on purchase amount, vary by merchant, and may not be available in all provinces/territories. A down payment (or a payment due today) may be required.
AFRM-A
Contacts
Press Contacts
RONA
media@rona.ca
514 599-5900, ext. 5271
1 866 566-3342
Affirm
Nicholas Fisher
press@affirm.com
(650) 398-2715
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