TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its May 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The May distribution will be payable on June 14, 2024 to unitholders of record as at May 31, 2024.

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

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

NORTH ANDOVER, Mass.–(BUSINESS WIRE)–Watts Water Technologies, Inc. (NYSE: WTS) today announced that Shashank Patel, Chief Financial Officer and Diane McClintock, Senior Vice President FP&A and Investor Relations will virtually present in the TD Cowen 2^nd Annual Sustainability Virtual Conference on Wednesday, May 22, 2024 at 10:10 AM (Eastern Time) and will subsequently participate in investor meetings.

Watts Water Technologies, Inc., through its family of companies, is a global manufacturer headquartered in the USA that provides one of the broadest plumbing, heating, and water quality product lines in the world. Watts Water companies and brands offer innovative plumbing, heating, and water quality solutions to control the efficiency, safety, and quality of water within commercial, residential, and industrial applications. For more information visit www.watts.com.

Contacts

Watts Water Technologies, Inc.

Diane McClintock

Senior Vice President FP&A and Investor Relations

Telephone: 978-689-6153

Transaction to Expand GMS’s Service and Product Offerings in Ontario, Canada

TUCKER, Ga.–(BUSINESS WIRE)–GMS Inc. (NYSE: GMS), a leading North American specialty building products distributor, today announced that it has entered into an agreement to acquire Yvon Building Supply, Inc., Yvon Insulation Corporation, Yvon Insulation Windsor, Laminated Glass Technologies, Inc., and Right Fit Foam Insulation Ltd. (collectively “Yvon” or the “Company”) for an aggregate purchase price of up to CAD$196.5 million (subject to certain conditions and customary adjustments). This transaction is expected to close in July 2024 and is subject to regulatory approvals and other customary closing conditions.

For over 10 years, Yvon has provided high-quality building supplies and has been a trusted partner to customers throughout Greater Toronto and Ontario. With seven locations across Ontario, Yvon provides drywall, insulation, steel, ceilings and other complementary products and related services, including installed insulation. For the twelve months ended February 29, 2024, Yvon generated net revenues in excess of CAD$190 million.

John C. Turner, Jr., President and Chief Executive Officer of GMS, said, “We are excited about this opportunity to expand our presence in southern Ontario and look forward to welcoming the Yvon team of highly respected and knowledgeable building products professionals to GMS. Reflecting the continued execution of our growth strategy, we look forward to this transaction expanding our product and service offerings, including further expanding our Complementary Products category, in the fast-growing Greater Toronto Area and throughout southern Ontario.”

Tom Scott, President of Yvon, added, “This acquisition is an exciting next chapter for the Yvon team. With shared values and a strong commitment to delivering outstanding customer service, joining with an industry leader like GMS represents an exciting growth opportunity for the combined business and an opportunity to better serve our customers with expanded service and product offerings.”

Transaction Details, Leadership and Closing

GMS expects to fund this transaction with cash on hand and borrowings under its established revolving credit facility.

Following the close of the transaction, the newly acquired businesses are expected to continue to operate under their existing brand names and under the leadership of current Yvon President, Mr. Scott. In addition, Yvon will partner with GMS Canada’s Watson and Blair brands in the local market.

About GMS

Founded in 1971, GMS operates a network of over 300 distribution centers with extensive product offerings of Wallboard, Ceilings, Steel Framing and Complementary Products. In addition, GMS operates more than 100 tool sales, rental and service centers, providing a comprehensive selection of building products and solutions for its residential and commercial contractor customer base across the United States and Canada. The Company’s unique operating model combines the benefits of a national platform and strategy with a local go-to-market focus, enabling GMS to generate significant economies of scale while maintaining high levels of customer service.

For more information about GMS, please visit www.gms.com.

Forward-Looking Statements and Information –

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by our use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” or “should,” or the negative thereof or other variations thereon or comparable terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates, and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. The following important factors could cause the future results, to differ: the company’s growth strategy, changes in economic or industry conditions, competition, inflation and deflation, input costs, timing and integration of acquisitions, timing and implementation of price increases for the Company’s products, consumer markets, and other factors identified our filings with the SEC. We undertake no obligation to update any of the forward-looking statements made herein, whether as a result of new information, future events, changes in expectation or otherwise.

Contacts

Carey Phelps

Vice President, Investor Relations

Phone: 770-723-3369

Email: ir@gms.com

TORONTO–(BUSINESS WIRE)–RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 9.25 cents per unit for the month of May. The distribution will be payable on June 7, 2024, to unitholders of record as at May 31, 2024.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2024, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and nine development properties. To learn more about us, please visit www.riocan.com.

Contacts

RioCan
Kim Lee

Vice President, Investor Relations

(416) 646-8326

Strategic partnership enhances capabilities and market reach in building products sector

EDMONTON, Alberta–(BUSINESS WIRE)–KV Capital, a Canadian alternative investment manager, announced today a strategic partnership with Nelson Lumber Company Ltd., a leading Alberta-based supplier of commercial and residential building supplies for renovations and new home construction, along with Nelson Homes, a manufacturer of ready-to-move and prefabricated homes (collectively referred to as ‘Nelson Lumber’).

This partnership marks a significant extension of KV Capital’s private equity division into the building products arena and enhances KV Capital’s mission to support real estate development in the markets we operate in. Working alongside ATB Private Equity, BDC Capital, and the current shareholders of Nelson Lumber, this initiative propels Nelson Lumber’s growth ambitions while respecting and building on the Nelson legacy and brand established over its 75 years of existence.

“We’re eager to partner with firms that share our vision for the future as it relates to building supply sales, manufactured building components, building packages, and premanufactured home production. Together we will continue to improve our customer’s experience, boost the efficiency of our operations, and expand into new markets and offerings,” explains Jason Pehl, President of Nelson Lumber.

“Nelson Lumber’s reputation, culture, and proven track record make it an ideal inaugural investment for KV Private Equity Fund III,” said Aleem Virani, CEO of KV Capital. “We invest in companies with significant potential, and we’re excited by how this partnership will drive success for Nelson Lumber, KV Capital, and our stakeholders—particularly our ability to better serve our customers and investors.”

“ATB Private Equity is thrilled to partner with KV Capital, BDC Capital, and the current shareholders of Nelson Lumber, united in our vision to expand the Nelson Lumber platform. We are eager to work with Nelson Lumber’s management team to accelerate growth and further enhance their industry-leading reputation established over the past 75 years,” stated Terry Freeman, Head of Investments at ATB Private Equity.

“Nelson Lumber, a leading supplier of building supplies and material packages, is well-positioned for growth—a trajectory it has maintained for the past 75 years. Thanks to its dedicated management team’s commitment to quality and trust, Nelson Lumber is set to play an increasingly significant role in Alberta’s housing industry, especially during this period of exciting provincial growth,” said Tabreez Lila, Managing Director, Growth and Transition Capital, Prairies at BDC Capital.

This transaction marks the launch of KV Capital’s building products private equity strategy. As the first investment in this space through KV Private Equity Fund III, it demonstrates KV Capital’s commitment to identifying and nurturing high-growth companies in this dynamic sector.

KV Capital invites inquiries from prospective investors and companies, as the fund remains actively open for investment and deployment opportunities.

About Nelson Lumber

Founded in 1949 in Lloydminster, Alberta, Nelson Lumber has grown from a small lumber store to a prominent leader in the building materials industry. Now an employee-owned company for over two decades, Nelson Lumber is expanding its horizons with the addition of KV Capital. Serving as the preferred supplier for both construction professionals and home builders, Nelson Lumber and Nelson Homes offer a comprehensive range of building materials and premanufactured home solutions. With a steadfast commitment to quality, innovation, and value, Nelson Lumber leverages its extensive network across Alberta to meet the diverse needs of Western Canada’s construction sector.

About KV Capital

Founded in 2006 and based in Edmonton, Alberta, KV Capital is a Canadian, alternative investment manager with approximately $500 million in assets under management. KV Capital’s funds are split into a diverse range of asset classes including private operating businesses, real estate, and mortgages. KV Capital has been on the Profit 500 ranking of Canada’s fastest-growing companies for six consecutive years and has funded over $1.5 billion in investments across several different asset classes.

About ATB Private Equity

Established in 2016, ATB Private Equity is dedicated to supporting Alberta based companies through growth equity and transition capital. Across two funds, ATB Private Equity has $100 million of committed capital to help grow and support the Alberta economy.

About BDC Capital

As Canada’s bank for entrepreneurs, BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the country’s most innovative firms. We are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers.

Contacts

Inquiries
Catherine O’Neill

Senior Director, Marketing & Communications, KV Capital

catherine.oneill@kvcapital.ca | 780.953.9030

Solution enables teams to build presentations and interact with their live financial and operational data without ever having to leave Microsoft PowerPoint, creating a seamless flow of work

TORONTO–(BUSINESS WIRE)–Vena, the Complete Planning platform loved by finance and trusted by business, today introduced Vena for Microsoft PowerPoint, a native integration with Microsoft 365 purpose-built to help strategic finance and operations teams revolutionize the way they bring their numbers to life, align teams and inspire action with compelling financial presentations.

According to Gartner, improving finance metrics, insights and storytelling ranks as a top priority for chief financial officers (CFOs) in 2024. Vena for Microsoft PowerPoint combines the power of Vena’s category-leading reporting and analytics capabilities with the advanced productivity and collaboration features of Microsoft 365 and Microsoft PowerPoint’s familiar interface to help finance teams build presentations that turn data into impactful stories while simultaneously streamlining their flow of work.

With Vena for Microsoft PowerPoint, finance and operations professionals can build beautiful, audience-ready presentations in minutes, collaborate with stakeholders in real time, interact with live financial and operational data and refresh for the latest results—all without ever having to leave PowerPoint. This boosts personal effectiveness and operational efficiency while improving data storytelling, enabling them to better communicate powerful financial insights that drive improved decision making using their most up-to-date data.

“Vena for Microsoft PowerPoint is the latest step of Vena’s commitment to driving business insights,” said Hugh Cumming, Chief Technology Officer at Vena. “With the ability to leverage Vena’s dynamic datasets and automation technology, our customers can rapidly transform their Microsoft PowerPoint presentations into up-to-the-minute, decision-support tools.”

Early adopters such as Bell Partners, an apartment investment and management company focused on quality multifamily rental communities throughout the United States, are already reporting significant productivity increases.

“Currently, it takes us an hour to pull together our monthly reporting package. Vena for Microsoft PowerPoint makes the monthly update only take a few minutes,” said Michelle Canada, CPA Director of FP&A, Bell Partners.

With Vena for Microsoft PowerPoint, finance and operations professionals can:

• Dynamically connect charts, tables, textual narratives and dashboards from a built-in library of their existing financial and operational reports to any slide while maintaining their calculations, corporate branding, data visualizations and standard financial formatting.
• Interact with financial and operational data in real time and instantly refresh presentations with the latest results and Microsoft Excel formatting through a live integration with their Vena data model and reports.
• Work with stakeholders on building and perfecting impactful, data-driven narratives in real time from anywhere on any device through Vena’s native integration with Microsoft 365, which amplifies the best of their existing investment in Microsoft PowerPoint.

With these capabilities, finance and operations teams can dramatically reduce the time spent creating and updating financial presentations. They can collaborate in real time with anyone in their organization to build impactful, data-driven narratives. Additionally, teams can present with confidence using the latest numbers, and improve team alignment and decision making with enhanced data storytelling leveraging the presentation tool they already know and use.

To learn more about Vena for Microsoft PowerPoint, please visit the Vena website.

About Vena

Vena is the only Complete Planning platform natively integrated with Microsoft 365. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and modeling capabilities to help business, finance and operations leaders make agile and more informed business decisions. With Vena, you can leverage the power of Excel and AI-powered insights in a unified, cloud-based platform that enhances productivity, collaboration and insights. Over 1,800 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.

Contacts

MEDIA
Jonathan Paul

Vice President, Content Marketing

jpaul@venacorp.com