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]
Forte Opening Solutions Selects GTT for Data Security and Resilient Connectivity to Cloud-Based Manufacturing Applications
Century icon in commercial and residential doors picks GTT for Managed SD-WAN, Managed Firewall and Secure Remote Access to support its production uptime
ARLINGTON, Va.–(BUSINESS WIRE)–#5G—GTT Communications Inc., a leading networking and security as a service provider for multinational organizations, has been selected by Forte Opening Solutions to deliver a high-availability Managed SD-WAN with integrated Secure Remote Access and Managed Firewall. This solution will ensure uninterrupted connectivity and robust data security for Forte Opening Solutions’ digital operations for the production and distribution of its premium door solutions across 21 sites in the US and Canada.
Through GTT Envision, a seamless and redundant solution including Dedicated Internet Access, 5G Fixed Wireless Access and Wireline Broadband with a high-availability architecture of dual links and hardware has been deployed at each site. Paired with security via Managed SD-WAN, Managed Firewall and Secure Remote Access, GTT will ensure end-to-end protection between authorized end users and the applications that drive operations and production for Forte Opening Solutions. This will protect the network from data transport and hardware failures – all backed by a 99.95% uptime Service Level Agreement.
“Working with GTT for our network and security helps simplify my life,” said Frank Barrett, Vice President of IT, Forte Opening Solutions. “GTT’s combination of security services, Managed SD-WAN and choice of connectivity options enable redundancy and reliability at each of our sites and ensure secure access to our web-based manufacturing and productivity applications. This greatly reduces the risk of network downtime or disruption, which is critical for our production.”
“We’re proud to deliver the networking and security solutions via GTT Envision that Forte Opening Solutions relies upon for production while also connecting its offices and employees to the data and applications required to achieve their business objectives,” said Joan Logan, President, Americas Division, GTT. “Our managed high-performance SD-WAN integrated with our security solutions empower Forte Opening Solutions to remain connected and secure, supporting the craftmanship and perfection it has delivered for more than a century.”
GTT Managed SD-WAN service integrates seamlessly with GTT cloud security offerings, providing controlled and efficient management of the entire enterprise network. GTT was recently named a U.S. Leader in Managed SD-WAN by the Information Services Group (ISG), a renowned technology research and market intelligence advisory firm. The 2024 ISG Provider Lens™ Network – Software Defined Solutions and Services Report highlighted GTT for giving customers the flexibility to choose the technologies and ongoing managed and professional services support that best suit their business needs. In addition, GTT was honored as the 2024 Managed Security Solution of the Year by the CyberSecurity Awards for enabling customers to deliver secure cloud networks in a zero trust framework across the globe.
About Forte Opening Solutions
Forte Opening Solutions supplies a full range of premium components and door solutions, tailored to customer needs and delivered through a variety of options, including the USA Wood Door quick ship service. Operating in eight states and Canada, Forte is dedicated to making every door, every interaction, and every opening unforgettable. For more information: www.forteopenings.com
About GTT
GTT is a leading networking and security-as-a-service provider for multinational organizations, connecting people and machines to data and applications — anywhere in the world. We serve thousands of organizations, bringing together the right people, partners and technology to reduce the burden on IT teams and solve the most pressing networking and security challenges. Built on our top-ranked global Tier 1 network, the GTT Envision platform provides visibility, insights, orchestration and control, enabling customers with consumable solutions to achieve business missions and meet ongoing demand when, where and how needed. Our portfolio includes SASE, SD-WAN, security, internet, voice and other connectivity options, complemented by a suite of professional services and exceptional sales and support teams in local markets around the globe. We partner with our customers to deliver Greater Technology Together. www.gtt.net
Press releases can be downloaded from gtt.net.
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Contacts
GTT Media Inquiries:
Americas:
MaryLynn Heath, GTT
+1-646-214-4078
MaryLynn.Heath@gtt.net
Europe:
Siria Nielsen, GTT
+31-6-2835-4259
Siria.Nielsen@gtt.net
GTT Investor Relations:
Charlie Lucas, GTT
+1-571-388-5154
InvestorRelations@gtt.net
VICI Properties Inc. Enters Into Agreement With Indigenous Gaming Partners Related to PURE Canadian Gaming
NEW YORK–(BUSINESS WIRE)–VICI Properties Inc. (NYSE: VICI) (“VICI Properties”, “VICI” or the “Company”) announced today that it has entered into an amendment and consented to the assignment of the master lease agreement with PURE Canadian Gaming Corp. (“PURE”) to an affiliate of Indigenous Gaming Partners Inc. (“IGP”), in connection with the acquisition of the operating assets of PURE by an affiliate of IGP.
IGP is a partnership of five institutional First Nations established to acquire gaming assets in North America. IGP has partnered with Sonco Gaming, one of Canada’s most experienced casino developers and managers, who will assist in the sourcing and execution of casino gaming investments, as well as management oversight of IGP’s portfolio.
Danny Valoy, Vice President of Business Development and Acquisitions, said, “This transaction demonstrates VICI’s ability to collaboratively work with existing partners while building new relationships with highly experienced operators and First Nations in international jurisdictions. We are pleased to welcome IGP as a new partner, and we look forward to expanding our relationship with IGP and Sonco as they pursue additional growth opportunities in the future.”
Anthony Novac, CEO of Sonco, said, “We are excited to work with VICI, an established partner in providing financial solutions to the gaming industry. We believe having a partner like VICI will give us a competitive advantage as we seek growth opportunities in the Canadian market.”
In connection with entering into the amendment to the PURE Canadian master lease, VICI received a 5-year right of first offer (“ROFO”) on future sale-leaseback transactions. Any additional properties acquired pursuant to the ROFO will be added to the master lease.
The annual base rent of C$22.0 million (US$15.5 million based on the CAD:USD exchange rate as of December 9, 2024) and other economic terms of the PURE Canadian master lease will remain unchanged, including a base term of 25-years with four 5-year tenant renewal options, escalation of 1.25% per annum in lease year 3, with escalation equal to the greater of 1.5% and Canadian CPI (capped at 2.5%) starting in lease year 4, and a minimum capital expenditure requirement equal to 1.0% of annual net revenue. The lease, currently in lease year 2 and escalating on February 1 of each year, encompasses the following assets in Alberta, Canada: PURE Casino Edmonton, PURE Casino Yellowhead, PURE Casino Calgary and PURE Casino Lethbridge.
About VICI Properties
VICI Properties Inc. is an S&P 500® experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties owns 93 experiential assets across a geographically diverse portfolio consisting of 54 gaming properties and 39 other experiential properties across the United States and Canada. The portfolio is comprised of approximately 127 million square feet and features approximately 60,300 hotel rooms and over 500 restaurants, bars, nightclubs and sportsbooks. Its properties are occupied by industry-leading gaming, leisure and hospitality operators under long-term, triple-net lease agreements. VICI Properties has a growing array of real estate and financing partnerships with leading operators in other experiential sectors, including Bowlero, Cabot, Canyon Ranch, Chelsea Piers, Great Wolf Resorts, Homefield and Kalahari Resorts. VICI Properties also owns four championship golf courses and approximately 33 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties’ goal is to create the highest quality and most productive experiential real estate portfolio through a strategy of partnering with the highest quality experiential place makers and operators. For additional information, please visit www.viciproperties.com.
About IGP
Indigenous Gaming Partners Inc. is a newly established gaming company focused on developing a portfolio of high-quality, market-leading casinos through strategic acquisitions and operational excellence. The partnership is comprised of five institutional First Nations including Glooscap First Nation, Millbrook First Nation, Annapolis Valley First Nation, We’koqma’q L’nue’kati, and Paqtnkek Mi’kmaw Nation. With a mission to create meaningful economic opportunities for Indigenous communities, IGP partners with exceptional management teams to deliver outstanding entertainment experiences while driving sustainable growth and long-term value for our stakeholders. Guided by disciplined investment strategies, hands-on operational expertise, and backing from visionary investors, IGP is dedicated to setting new standards in the gaming industry while fostering prosperity for its Indigenous communities, charitable partners, and provincial stakeholders. For more information, visit www.indigenousgamingpartners.com.
About Sonco Gaming Inc.
Sonco Gaming Inc. is part of the Sonco Group of Companies, which focuses on real estate and gaming development and management. Sonco has developed and/or managed some of the country’s most successful Indigenous gaming projects, including The Great Blue Heron Casino on Mississaugas of Scugog Island First Nation in Ontario, and The Grey Eagle Resort & Casino on the lands of Tsuut’ina First Nation outside of Calgary, AB. For more information, visit www.sonco.ca.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” “will,” and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond VICI’s control and could materially affect actual results, performance, or achievements. Among those risks, uncertainties and other factors are risks that VICI may not achieve the benefits contemplated by the transaction described herein, including with respect to entry into any future sale leaseback or other transactions between VICI and IGP, including pursuant to VICI’s right of first offer, or the anticipated benefits thereof. Additional important risk factors that may affect VICI’s business, results of operations and financial position are detailed from time to time in VICI’s filings with the Securities and Exchange Commission. VICI does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.
Contacts
Investor Contacts:
Investors@viciproperties.com
(646) 949-4631
Or
David Kieske
EVP, Chief Financial Officer
DKieske@viciproperties.com
Moira McCloskey
SVP, Capital Markets
MMcCloskey@viciproperties.com
Metrie® Announces Growth in Its Pre-Finished Products Business With Acquisition of Modular Home Supplier eden.
VANCOUVER, British Columbia–(BUSINESS WIRE)–Metrie®, North America’s largest manufacturer and distributor of millwork solutions, today completed its acquisition of eden Inc. (“eden”), a leading producer of pre-finished millwork products, including mouldings, pre-hung doors and specialty items for the manufactured housing industry, based in Knox, Pennsylvania, US.
This acquisition, Metrie’s seventh in the last 5 years, enhances Metrie’s integrated millwork portfolio, offering a wider range of pre-finished moulding and door products that can meet the needs of current and future customers. The acquisition is another step in the pursuit of Metrie’s growth strategy – to be North America’s most trusted millwork supplier.
“The acquisition of eden further develops the ways we can strategically support our customers across the US, as we continue to build the best millwork supply chain solutions in the industry,” commented Kent Bowie, President & CEO, Metrie. “Our pre-finished products are excellent for modular home builders, an arena where eden has shown itself to be the leading supplier of millwork solutions. Together, we are ready to grow.”
“Over the last few years of business success, the ownership team at eden has been looking for the right kind of team and brand that can support further growth of the company and our service offering,” commented Dan Hurrelbrink, Vice President and Chief Operating Officer, eden. “Metrie was our number one choice to join with. Their culture and customer-focused vision align perfectly with our own here at eden. I am excited to stay on and be a part of the leadership team at Metrie and continue to serve our manufactured housing and distribution customers.”
“Dan will be joining a Metrie manufacturing leadership team that is excited to offer more and deeper solutions for our customers. Together, we will leverage our pre-finished leadership position in the marketplace, using the “Eden Millwork” brand as we continue to serve the modular housing segment,” added Bill Geofroy, VP, Manufacturing. “Eden’s finishing capabilities, particularly in doors and accessory millwork products, will augment the Metrie Complete® suite of pre-finished solutions that has enjoyed tremendous success with home builders across the US.”
ABOUT METRIE
For nearly 100 years, Metrie has helped people transform their homes with high-quality millwork products. The Metrie story began in 1926 as a small, family-owned and -operated business in Vancouver, B.C. Since then, Metrie’s commitment to innovation and customer experience has helped the company expand operations to include seven domestic millwork manufacturing sites producing solid wood and MDF mouldings with pre-finishing capabilities for both mouldings and doors, plus 26 distribution centers in the U.S. and Canada.
Metrie has grown over the last nine decades to become the largest MDF moulding manufacturer in North America. For more information, please visit www.Metrie.com or visit us on social media: LinkedIn, Facebook, Instagram, Twitter, Pinterest, YouTube and Houzz.
Contacts
For more information, contact: Jonathan Anthony, Director, Corp. Communications | Jonathan.Anthony@metrie.com | 604-630-3262
The Becker Milk Company Limited: Six Months Financial Results
TORONTO, Dec. 12, 2024 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the six months ended October 31, 2024. HIGHLIGHTS Total revenues for the six months ended October 31, 2024, were $1,451,462 compared to $1,488,135 for the same period in 2023; The non-GAAP financial measure… [Read More]
Financial Times Recognizes Prosegur as the Most “Inclusive and Equitable” Company in the Private Security Sector Globally
DEERFIELD BEACH, Fla.–(BUSINESS WIRE)–#Diversity–Prosegur, a leader in the private security sector, is honored to announce its inclusion in the Financial Times’ prestigious ‘Diversity Leaders’ ranking for 2025. Achieving seventh place in the ‘Business Services and Supplies’ category, Prosegur has distinguished itself as a leader in diversity and inclusion within the private security sector, climbing from ninth place the previous year.
This recognition highlights Prosegur’s commitment to fostering an inclusive workplace and supporting a diverse workforce across its global operations, including the United States. Prosegur Security USA continues to prioritize initiatives that promote equity, innovation, and representation, aligning with the company’s global mission to reflect the communities it serves.
A Workforce That Reflects the Communities We Serve
The Financial Times ranking was determined through a survey of over 100,000 employees from various industries. Companies were evaluated based on diversity and inclusion policies, employee perceptions, and metrics such as the representation of women in leadership roles and pro-diversity initiatives.
Prosegur takes pride in its diverse workforce:
- 33% of employees are women, significantly exceeding the industry average.
- 65% of employees identify as minorities, underscoring Prosegur’s commitment to representation.
“Diversity and inclusion are core to who we are at Prosegur,” said Ty Stafford, CEO of Prosegur Security USA. “We believe that building a diverse team strengthens our ability to innovate and deliver exceptional security solutions. This recognition is a testament to the incredible contributions of our team and our commitment to fostering an equitable workplace.”
Leading the Way in the U.S. Security Sector
Prosegur Security USA drives inclusion through comprehensive career development programs, targeted recruitment efforts, and partnerships with organizations dedicated to advancing diversity within the private security industry. These initiatives support underrepresented groups and ensure that Prosegur’s workforce reflects the rich diversity of the communities it serves.
About Prosegur:
Founded in 1976, Prosegur is a global leader in security delivering cutting-edge technology and customized guarding solutions that meet the evolving needs of businesses across various industries. Prosegur provides innovative security services that integrates human expertise with advanced technology for optimal protection.
Prosegur’s innovative solutions, trusted professionals, and operational excellence has established the company as a global market leader in the security services industry. Prosegur is publicly listed on the Spanish stock exchange and generated €4.31 billion in revenue in 2023. With approximately 175,000 employees, Prosegur continues to build trusted partnerships with clients while setting new standards for security solutions across the globe.
For more information about Prosegur and its tailored security solutions for the U.S. market, please visit www.prosegur.us.
Contacts
Rya Manners, Vice President of Marketing – North America
Email: rya.manners@prosegur.com
Halmont Properties Corporation Restatement of Second Quarter MD&A
TORONTO, Dec. 11, 2024 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) (“Halmont” or the “Company”) announced today a restatement of its Management’s Discussion & Analysis (“MD&A”) for the second quarter ended June 30, 2024. As a result of a review by the BC Securities Commission, we are issuing the following press release to clarify… [Read More]
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