Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, March 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 March 2024, representing US$0.59 per REIT unit on an annual basis…. [Read More]
StorageVault Announces Quarterly Dividend For Q1 2024
TORONTO, March 15, 2024 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) announced today that a quarterly dividend of $0.002888 per common share (“Common Share”) will be payable on April 15, 2024 to shareholders of record on March 28, 2024, with an ex-dividend date of March 27, 2024. This dividend has been… [Read More]
Choice Properties Real Estate Investment Trust Declares Cash Distribution for the Month of March, 2024
Not for distribution to U.S. News Wire Services or dissemination in the United States.
TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties”) (TSX: CHP.UN) announced today that the trustees of Choice Properties have declared a cash distribution for the month of March, 2024 of $0.063333 per trust unit, representing $0.75 per trust unit on an annualized basis, payable on April 15, 2024 to Unitholders of record at the close of business on March 28, 2024.
About Choice Properties Real Estate Investment Trust
Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.
We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.
For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedarplus.ca.
Contacts
For further information:
Mario Barrafato
Chief Financial Officer
Choice Properties REIT
(416) 628-7872
Mario.Barrafato@choicereit.ca
Flagship Communities Real Estate Investment Trust Announces Fourth Quarter and Full Year 2023 Results
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, March 14, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (“Flagship” or the “REIT”) (TSX: MHC.U; MHC.UN) today released its fourth quarter and full year 2023 results. The financial results of the REIT are presented below in accordance with… [Read More]
Trivest-Backed Pet Resort Hospitality Group Appoints New CEO
MIAMI–(BUSINESS WIRE)–The Board of Directors of Pet Resort Hospitality Group (“PRHG”), a leader in the pet services industry, announced today that it has appointed Jason Duffy to serve as Chief Executive Officer.
Jason joins PRHG as a seasoned operating executive with wide-ranging multi-site consumer services and pet resort leadership experience. Prior to joining PRHG, Jason served as VP of Resort Operations for Pet Paradise, a privately-held pet resort business with over 55 locations nationwide. Prior to that, Jason served in executive and leadership roles at Clear, Walmart, and Meijer. He is also a Six Sigma Black Belt and an avid dog trainer.
PRHG was formed in early 2023 and has since partnered with 6 leading pet resort brands across the country. Currently with 17 locations, 600+ staff members, and over 1,700 daily pet visits, PRHG is one of the largest pet services businesses in the country. With Jason at the helm, PRHG continues to take steps towards establishing itself as the premier pet services platform in the United States and the partner of choice for pet daycare and boarding owners.
Jason commented, “I’m thrilled to be leading such a talented and diverse team of pet resort owners, all of whom have built incredible businesses and trusted PRHG as partners. When Trivest and the founders of PRHG shared their vision, which is focused on quality of care, partnership, support, and growth, I knew it would be the opportunity of a lifetime. I love working with pets and the people who care for them. We believe that we will establish ourselves as the most trusted brand in pet care, and we have all of the pieces necessary to make that happen.”
“We are thrilled to welcome Jason to PRHG and the Trivest family,” added Brian Connell, Partner at Trivest. “He has deep industry experience and is a seasoned leader who understands our customers and cares about the wellbeing of their pets. His leadership style is unique, and his background and demeanor is well aligned with the awesome founders and employees of PRHG. Jason is well-equipped to lead this group as they work together for the future of PRHG.” Eyal Cohen, co-founder and Chief Development Officer at PRHG, added, “It was important to me that whoever joined PRHG as CEO had experience working with pets and growing brands nationally. Jason has a tremendous background, and I’ve already seen the positive response to his leadership across our locations.”
Azhar Quader, co-founder and Executive Chairman at PRHG, commented: “I’ve worked with countless CEOs over my career as an investor. When hiring a leader, I look for high emotional intelligence, deep industry expertise and leadership experience, and a history of winning. Jason has all of that and more, and I’m confident we’ve found the right leader to drive us forward.”
About Pet Resort Hospitality Group
Pet Resort Hospitality Group is a provider of pet services including daycare, boarding, grooming, and training. PRHG is led by a management team with a lengthy track record of successful private equity transactions, with recent success in the animal companion space. Each business within the PRHG family benefits from the experience of the PRHG leadership team in areas such as acquisition planning and integration, growth planning and strategic tactics, brand and technology unification, scalable resources and support, and back-office management. The Company is currently pursuing strategic add-on acquisitions of pet services businesses throughout the United States. To learn more, visit www.petresorts.love.
About Trivest
Trivest Partners LP, headquartered in Miami, with a presence in Charlotte, Chicago, Denver, Los Angeles, New York, and Toronto, is a private investment firm that focuses exclusively on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. To learn more, visit www.trivest.com
About Queens Court Capital Management
Queens Court Capital Management is a special situations control oriented private equity firm building on a successful track record as an independent sponsor. Over the past few years Queens Court has deployed over $200 million in equity capital across several proprietary platforms in the middle market and has successfully realized results putting it in the top percentile of independent sponsors. By incorporating the best practices from being an operator, investor and entrepreneur, Queens Court has generated significant value creation for its investor base including successful exits, partial sales, and dividend recapitalizations across portfolio companies. To learn more, visit www.queenscourtcap.com
Contacts
Eyal Cohen
eyal@petresorts.love
Nexus Industrial REIT Announces Fourth Quarter and Full Year 2023 Financial Results
Furthering its transition to a pure-play Canadian industrial REIT through strategic acquisitions Industrial Net Operating Income weighting grows to 93% TORONTO, March 13, 2024 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today its results for the fourth quarter and year ended December 31, 2023. “In our fourth quarter, we continued to benefit from… [Read More]
Melcor Developments announces results for 2023, declares $0.11 per share dividend
EDMONTON, Alberta, March 13, 2024 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the fourth quarter and year ended December 31, 2023. The annual Management Discussion & Analysis (MD&A) and Condensed Interim Financial Statements are available on our website (www.melcor.ca) under Investors, or… [Read More]
Mainstreet Equity Corp. held Annual Shareholder Meeting on March 7, 2024
CALGARY, Alberta–(BUSINESS WIRE)–Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX:MEQ) is pleased to announce the results of the annual meeting of shareholders held on March 7, 2024 (the “Meeting”). The Meeting had a very strong shareholder turnout with holders of approximately 83% of the issued and outstanding common shares represented in person or by proxy.
Navjeet (Bob) Dhillon, Joseph Amantea, Ron Anderson, Karanveer Dhillon, Richard Grimaldi and John Irwin were re-elected to the board of directors of the Corporation for the upcoming year as follows:
|
Outcome of the Vote |
Votes For |
% |
Withheld |
% |
Navjeet (Bob) Dhillon |
Elected |
6,759,126 |
87.88 |
931,969 |
12.12 |
Joseph Amantea |
Elected |
6,379,734 |
82.95 |
1,311,361 |
17.05 |
Ron Anderson |
Elected |
6,395,919 |
83.16 |
1,295,176 |
16.84 |
Karanveer Dhillon |
Elected |
6,407,273 |
83.31 |
1,283,822 |
16.69 |
Richard Grimaldi |
Elected |
6,381,144 |
82.97 |
1,309,951 |
17.03 |
John Irwin |
Elected |
6,381,769 |
82.98 |
1,309,326 |
17.02 |
PricewaterhouseCoopers LLP was re-appointed as the Corporation’s auditor.
Details in respect of all of the resolutions approved at the annual meeting of shareholders may be found in the Management Information Circular prepared in connection with the meeting dated February 1, 2024, available on SEDAR+ at www.sedarplus.ca.
About Mainstreet
Mainstreet Equity Corp. (“Mainstreet”) is a Calgary-based real estate operating company, traded on the Toronto Stock Exchange (TSX:MEQ). Mainstreet is a top provider of high-quality, affordable multi-family rental units in western Canada, covering BC, AB, SK, and MB. Since listing on the TSX in 2000, Mainstreet has grown its portfolio from 1,370 units with appraised value of $90 million to 17,720 year-to-date units with appraised value of approximately $3.2 billion with minimal equity dilution. The company’s long-term value is anchored by a counter-cyclical strategy to aggressively acquire undervalued apartments at distressed prices, using low-cost capital. Once acquired, Mainstreet rapidly stabilizes the assets to minimize cycle times and boost net operating income. The company employs a 100% organic, non-dilutive growth model, leveraging its robust liquidity position. There are currently 9,318,818 common shares outstanding.
SOURCE: Mainstreet Equity Corp. (TSX:MEQ)
Contacts
For further information:
Bob Dhillon, O.C, MBA, DCom, LLD, ICD.D | Founder, President & CEO
D: +1 (403) 215-6063
Executive Assistant: +1 (403) 215-6070
100, 305 10 Avenue SE, Calgary, AB T2G 0W2 Canada
https://www.mainst.biz/
https://www.sedarplus.ca/
Timbercreek Financial Announces ATM Offering
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, March 12, 2024 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (“Timbercreek Financial” or the “Company”) today announced that it has re-established an at-the-market equity program (the “ATM Program”) that allows the Company to issue common… [Read More]
The Becker Milk Company Limited: Nine Month Financial Results and Regular Dividend
TORONTO, March 12, 2024 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the nine months ended January 31, 2024. HIGHLIGHTS Total revenues for the nine months ended January 31, 2024 were $2,326,873 compared to $2,162,713 for the same period in 2023. The non-GAAP financial measure… [Read More]
Primaris REIT Announces Distribution for March 2024
TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of March, 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on April 15, 2024 to unitholders of record on March 28, 2024.
About Primaris REIT
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in the leading enclosed shopping centres in growing markets. The current portfolio totals 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.
Contacts
Alex Avery
Chief Executive Officer
416-642-7837
aavery@primarisreit.com
Rags Davloor
Chief Financial Officer
416-645-3716
rdavloor@primarisreit.com
Tim Pire
Chair of the Board of Trustees
chair@primarisreit.com
TSX: PMZ.UN
www.primarisreit.com
Allied to Acquire Ownership Interest in 400 West Georgia and Increase Ownership Interest in 19 Duncan
TORONTO, March 11, 2024 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) today announced that it will acquire an ownership interest in 400 West Georgia Street in Vancouver (“400 West Georgia”) and increase its ownership interest in 19 Duncan Street in Toronto (“19 Duncan”). 400 West Georgia is comprised of 345,034… [Read More]
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