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Peyto Exploration & Development Corp. Confirms Dividends for January 15, 2021

CALGARY, Alberta, Dec. 15, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the quarterly dividend with respect to fourth quarter of $0.01 per common share is to be paid on January 15, 2021, for shareholders of record on December 31, 2020. The ex-dividend date is December 30, 2020.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies. The website also includes the President’s monthly report, which discusses various topics chosen by the President and includes estimates of monthly capital expenditures and production. For further information please contact:

Darren Gee
President and Chief Executive Officer
Phone: (403) 261-6081
Fax: (403) 451-4100

Certain information set forth in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties’ control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto will derive therefrom. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.



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ROSEN, GLOBAL INVESTOR COUNSEL, Reminds Boston Scientific Corporation Investors of the Important Deadline in Securities Class Action; Encourages Investors with Losses in Excess of $100K to Contact the Firm – BSX

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Boston Scientific Corporation (NYSE: BSX) between April 24, 2019 to November 16, 2020, inclusive (the “Class Period”), of the important February 2, 2021 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Boston Scientific investors under the federal securities laws.

To join the Boston Scientific class action, go to http://www.rosenlegal.com/cases-register-2002.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Boston Scientific’s LOTUS Edge Aortic Valve System’s product delivery system was dysfunctional and threatened the continued viability of the entire product line; (2) as a result, Boston Scientific had materially overstated the continued commercial viability and profitability of the LOTUS Edge Aortic Valve System; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 2, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2002.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        [email protected]
        [email protected]
        www.rosenlegal.com



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Silver Bull Announces Postponement of Special Meeting of Shareholders

VANCOUVER, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) — Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“SilverBull” or the “Company”) today announced that it is postponing its 2020 special meeting of shareholders (the “Meeting”) to December 22, 2020 to provide its shareholders with additional time to vote on the proposals submitted for shareholder approval at the Meeting. Shareholders are advised that because the proposals involve proposed amendments to the Company’s articles of incorporation, the holders of a majority of the outstanding shares of Silver Bull common stock must approve them.

The record date for determining the shareholders eligible to vote at the Meeting will remain the close of business on October 23, 2020. Shareholders who have already submitted a proxy do not need to vote again for the postponed Meeting rescheduled for Tuesday, December 22, 2020 at 10:00 a.m. Pacific time at the Company’s offices at 777 Dunsmuir Street, Suite 1610, Vancouver, British Columbia, as the proxies submitted will remain valid.

The Company’s board of directors strongly recommends that all shareholders to vote “FOR” both proposals to increase the number of authorized shares and to change the Company’s name to MaxMetals Corp.

Silver Bull shareholders as of close of business on October 23, 2020 who have not voted are encouraged to vote online at www.proxyvote.com or by telephone at 1-800-690-6903. The proxy voting deadline to vote by Internet or telephone is December 21, 2020 at 11:59 p.m. Eastern time. Silver Bull shareholders who require assistance with voting their shares or have questions may contact the Company’s proxy solicitation agent, Laurel Hill Advisory Group, by telephone at 1-877 452-7814 (North America toll-free) or 1-416-304-0211 (collect calls outside North America) or by e-mail at [email protected].

Shareholders who have already submitted proxies and want to change their proxy can update their vote at any time before the votes are cast at the Meeting. Your vote will be recorded at the Meeting in accordance with your most recently submitted proxy.


Important Information

This communication may be deemed to be solicitation material in connection with the proposals to be considered at the Meeting. In connection with the proposals, Silver Bull filed a definitive proxy statement on Schedule 14A with the U.S. Securities and Exchange Commission (the “SEC”) on November 6, 2020. Shareholders are urged to read the definitive proxy statement and all other relevant documents filed with the SEC because they contain important information about the proposals. An electronic copy of the definitive proxy statement is available on the Company’s website at www.silverbullresources.com, on the Company’s EDGAR profile at www.sec.gov, and on its SEDAR profile at www.sedar.com.


Participants in the Solicitation

Silver Bull and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Silver Bull shareholders in respect of the proposals to be considered at the Meeting. Information about the directors and executive officers of Silver Bull can be found in its Annual Report on Form 10-K for the year ended October 31, 2019 filed with the SEC on January 13, 2020, filings on Form 3, 4 and 5 filed with the SEC, and the Company’s definitive proxy statement for the Meeting filed with the SEC on November 6, 2020.


About Silver Bull

Silver Bull is a Vancouver-based mineral exploration company whose shares are listed on the TSX and trade on the OTCQB in the United States. Silver Bull recently signed an Option Agreement to acquire the Beskauga Copper-Gold Project, located in North Eastern Kazakhstan. This agreement is subject to on the ground due diligence, which is now underway, and is expected to be completed on or before January 15, 2021. In addition, Silver Bull owns the Sierra Mojada Project which is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Sierra Mojada is currently under a joint venture option with South32 International Investment Holdings Pty Ltd.

On behalf of the Board of Directors
“Tim Barry”

Tim Barry, CPAusIMM

Chief Executive Officer, President and Director

INVESTOR RELATIONS:

+1 604 687 5800
[email protected]


Cautionary note regarding forward looking statements:
Certain statements in this news release are “forward-looking” within the meaning of applicable securities legislation. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements include, but are not limited to, statements relating to the proposals to be considered at the Meeting and the completion of due diligence in respect of the Beskauga Option Agreement. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and other contingencies. Many factors could cause the Company’s actual results to differ materially from those expressed or implied in the forward-looking statements. These factors include, among others, market prices, metal prices, availability of capital and financing, general economic, market or business conditions, as well as other risk factors set out under the heading “Risk Factors” in the Annual Report on Form 10-K for the year ended October 31, 2019, which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.



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Sempra Energy Recognized As Trendsetter In Political Disclosure And Accountability By 2020 CPA-Zicklin Index

PR Newswire

SAN DIEGO, Dec. 15, 2020 /PRNewswire/ — Sempra Energy (NYSE: SRE) has been recognized as a Trendsetter in political disclosure practices and accountability in the 2020 CPA-Zicklin Index.

The CPA-Zicklin Index is released annually by the Center for Political Accountability (CPA) and the Zicklin Center for Business Ethics Research at The Wharton School at the University of Pennsylvania. The index measures political disclosure and accountability policies and practices for election-related spending by S&P 500 companies, including political spending policies and board oversight. Companies that score 90 points or higher on the index are considered Trendsetters.      

Highlights for Sempra Energy’s recognition this year include the following:

  • Sempra Energy was named a Trendsetter with a score of 95.7 out of a possible 100 and was among the top-performing companies in the utility sector. Of the 492 companies studied this year, the average score on the index was 50.1.
  • Sempra Energy was recognized for the fifth consecutive year as a Trendsetter on the index and this year’s ranking marked the seventh consecutive year that the company has been ranked in the first tier, representing businesses that scored 80 points or higher.

“At Sempra Energy, we are committed to engaging with our regulators, elected officials and community leaders to support the needs of all our stakeholders, including our customers and employees,” said Lisa Alexander, senior vice president of corporate affairs for Sempra Energy. “Our Trendsetter rating recognizes our company’s strong governance as well as our robust policies and practices that support responsible stakeholder engagement.”

“The heightened risk posed by engaging in political activity makes it paramount that companies adopt disclosure, transparency and oversight policies to govern their political participation and manage and mitigate risk,” said CPA President Bruce Freed. “Sempra, one of only 35 Trendsetter companies in the 2016 CPA-Zicklin Index and one of 79 Trendsetters in 2020, has been a leader in making corporate political disclosure and accountability the norm.”

Sempra Energy and its operating companies have numerous policies in place to help ensure transparency and accountability in political engagement. Sempra Energy has a stakeholder engagement policy, which defines expectations for employees who engage externally, spelling out the importance of sharing our views, listening to the perspectives of others, and considering the input received, where possible. The company also has a strong political activities policy and maintains a robust training program dedicated to compliance with political reporting rules and requirements. The company’s board of directors has a Corporate Governance Committee that reviews public policy priorities on an annual basis, along with political contributions, and the company also discloses its political contributions biannually on its website.

About Sempra Energy
Sempra Energy’s mission is to be North America’s premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies’ more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the “World’s Most Admired Companies” for 2020 by Fortune Magazine.

                                       

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SOURCE Sempra Energy

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Bull Horn Holdings Corp. Announces Separate Trading of its Ordinary Shares and Warrants, Commencing December 17, 2020

Bull Horn Holdings Corp. Announces Separate Trading of its Ordinary Shares and Warrants, Commencing December 17, 2020

MIAMI BEACH, Fla.–(BUSINESS WIRE)–
Bull Horn Holdings Corp. (NASDAQ: BHSEU) (the “Company”) announced today that, commencing December 17, 2020, holders of the 7,500,000 units sold in the Company’s initial public offering may elect to separately trade the Company’s ordinary shares and warrants included in the units. Ordinary shares and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “BHSE” and “BHSEW”, respectively. Those units not separated will continue to trade on The Nasdaq Capital Markets under the symbol “BHSEU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and warrants.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and declared effective on October 29, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, the Company intends to focus on leading sports, entertainment and brand companies that have potential for brand and commercial growth. The Company is led by Chief Executive Officer, Robert Striar, and Chief Financial Officer, Christopher Calise. In addition to Messrs. Striar and Calise, the Board of Directors includes Stephen Master, Michael Gandler, Jeff Wattenberg, Doug Schaer and Baron Davis.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Robert Striar

Chief Executive Officer

Bull Horn Holdings Corp.

[email protected]

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Horizon Study Examines Consumer Sentiment On Travel During the Pandemic and How Travel Brands Can Respond to Drive Recovery in 2021

NEW YORK, Dec. 15, 2020 (GLOBE NEWSWIRE) — Horizon Media, a leader in delivering data-driven business outcomes for some of the most innovative and ambitious brands, today announced findings from its recent study into consumer sentiment on travel during the pandemic and the implications for brands across the U.S. travel and hospitality industry, a sprawling $1.5 trillion category (Source: Statista).

The findings are part of an ongoing Finger on the Pulse Consumer Sentiment Tracker by Horizon’s WHY Group into the way people understand and react to today’s environment. Brands are faced with unprecedented uncertainty regarding how people will react to economic turmoil, continued COVID-19 spread and the promise of a vaccine. In this new normal, Horizon is helping clients to understand people’s current sentiment, behaviors, and cultural shifts as these will shape how brands respond.

The Horizon study found that people are returning to travel in fits and starts as they balance competing emotions, practical considerations and also the decision to spend their hard earned money or save it during this period of financial uncertainty. Despite rising rates of infection, the recent surge in Thanksgiving travel showed that pandemic fatigue has set in; people have exhausted ways to avoid quarantine fatigue and there is a persistent appetite for new experiences. Those willing to travel are planning their trips with an approach that weighs the risks and rewards, striking a precarious balance between serendipity and security.

Those feeling the travel bug are ready to take off and would-be travelers and hospitality brands alike are fixated on the question of when we will return to pre-COVID-19 travel. 47% of those who traveled pre-pandemic report already dreaming about the exciting vacation destinations they will visit in the future. To meet this pent-up demand, brands must stay top-of-mind by advertising during the holding period and catering to last minute purchasers when travel resumes.

The return to normal travel will be driven by sentimentality and a collective mood of celebration, rather than a sense of adventure, with 56% saying their first trips post-pandemic will be focused on seeing loved ones, and 29% will be attending delayed milestones like weddings.

The study also found that, based on travelers’ willingness to plan and book trips in response to vaccine accessibility, people fell into one of three segments of approximately equal size – those who were living their life normally (dubbed “Live my life”), people awaiting a vaccine before booking (“Are we there yet?”), and those who were putting travel on pause for the foreseeable future (“Shelter in place”).

The implications are significant for traveler brands who can win by placing their bets on key travelers.

Horizon believes that for the first half of 2021, travel brands should focus on those with a “Live My Life” outlook, people who tend to be young, affluent parents hoping to provide their kids with adventure or find their own escape. Then for the second half of 2021, we will see more demand from the “Are We There Yet” camp, an affluent group of older travelers, often parents, choosing to wait it out for their own safety and the safety of their communities. Brands should expect little activity among the “Shelter In Place” group, who are more likely to have paused travel due to financial insecurity and loss of employment.

The survey also identifies a segment Horizon is calling the “New nomads” as the COVID era’s great escapists. After months of lockdown and work-life imbalance, an estimated 55.9 million remote workers in the “Live My Life” and “Are We There Yet” segments still view travel as a great escape. They’re capitalizing on more flexibility with long-term “workations,” where they work part-time at vacation destinations or fully embrace nomadism by living and working on the road.

There are of course challenges for the travel industry and its adjacent brands as the nation braces for a winter of continued COVID-19 spread. Nevertheless, 2021 is primed to be a year of recovery and hope as more vaccines are approved and become more widely available.

About Horizon Media


Horizon Media
, Inc. is a leader in delivering data-driven business outcomes for some of the most innovative and ambitious brands. The company was founded in 1989, is headquartered in New York, and has offices in Los Angeles and Toronto. With estimated billings of approximately $8 billion ($9 billion pre-COVID) and over 2,400 employees, Horizon is the second largest U.S. media agency according to the AdAge Datacenter.

Recognized as one of the world’s ten most innovative marketing and advertising companies by Fast Company, Horizon Media has been named Media Agency of the Year by MediaPost, Adweek and AdAge and is known for its highly personal approach to client service. Renowned for its culture, Horizon is also consistently named to all the prestigious annual Best Places to Work lists published by AdAge, Crain’s New York Business and Los Angeles Business Journal, and was named by Fortune as a best place to work for Diversity, Women and Millennials.

Bill Koenigsberg, President, CEO and Founder of Horizon Media, has earned a host of industry accolades and, in 2019, garnered the industry’s highest honor when he was inducted into the American Advertising Federation (AAF) Hall of Fame.

For further information please contact

Horizon Media
Stephen Hall
[email protected]



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Kessler Topaz Meltzer & Check, LLP Announces A Securities Fraud Class Action Filed Against Splunk Inc.

PR Newswire

RADNOR, Pa,, Dec. 15, 2020 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP alerts investors that a securities fraud class action lawsuit has been filed against Splunk Inc. (NASDAQ:  SPLK) (“Splunk”) on behalf of those who purchased or otherwise acquired Splunk common stock between October 21, 2020 and December 2, 2020, inclusive (the “Class Period”).


Investors who purchased or otherwise acquired Splunk common stock


during the Class Period may, no later than February 2, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please click

https://www.ktmc.com/splunk-inc-securities-class-action?utm_source=PR&utm_medium=link&utm_campaign=splunk

.

According to its filings with the SEC, Splunk “provides innovative software solutions that ingest data from different sources including systems, devices and interactions, and turn[s] that data into meaningful business insights across the organization.” Splunk states that its “Data-to-Everything platform enables users to investigate, monitor, analyze and act on data regardless of format or source.”

The Class Period commences on October 21, 2020, when Splunk held a call with several analysts at the Virtual Analyst & Investor Session at .conf.20. On this call, Splunk assured investors that everything was on track for the close of the third quarter, which was just ten days after the call.

However, the truth regarding its third quarter was revealed after the market closed on December 2, 2020, when Splunk announced its financial results for its third fiscal quarter for 2021.  In its announcement, Splunk reported total revenues of $559 million, down 11% year-over-year and which missed estimates by nearly $60 million. Furthermore, Splunk announced quarterly non-GAAP earnings per share of –$0.07, missing estimates by $0.15, as well as GAAP earnings per share of –$1.26, missing by $0.24 per share.

Following this news, shares of Splunk common stock fell, closing at $158.03 per share on December 3, 2020, down over 23% from the December 2, 2020 closing price of $205.91 per share.

The complaint alleges that, throughout the Class Period, the defendants misrepresented and/or failed to disclose to investors that: (1) Splunk was not closing deals with its largest customers in the third fiscal quarter of 2021; (2) Splunk was not hitting the financial targets it had previously announced; and (3) as a result of the foregoing, the defendants’ public statements were materially false and misleading at all relevant times.

Splunk investors who wish to discuss this securities fraud class action lawsuit and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (James Maro, Jr., Esq. or Adrienne Bell, Esq.) at (844) 877-9500 (toll free) or at [email protected].

Splunk investors may, no later than February 2, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 877-9500 (toll free)
(610) 667-7706
[email protected]

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SOURCE Kessler Topaz Meltzer & Check, LLP

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IIROC Trading Resumption – JAB.P

Canada NewsWire

VANCOUVER, BC, Dec. 15, 2020 /CNW/ – Trading resumes in:

Company: Jabbo Capital Corp.

TSX-Venture Symbol: JAB.P

All Issues: No

Resumption (ET): 9:30 AM12/16/2020

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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General Atomics Expresses Support for DOE Fusion Energy Sciences Advisory Committee Report

Strategic plan describes road map for developing practical fusion energy

San Diego, Dec. 15, 2020 (GLOBE NEWSWIRE) — The U.S. Department of Energy (DOE) Fusion Energy Sciences Advisory Committee (FESAC) has adopted and endorsed a new report that lays out a strategic plan for fusion energy and plasma science research over the next decade. The report has been two years in the making, gathering an unprecedented level of input and support from across the diverse U.S. fusion energy and plasma sciences community. General Atomics (GA) expresses its support for the report.

The strategic plan charts a path for the U.S. as it seeks to develop fusion as a potentially limitless source of carbon-free energy. The plan also embraces plasma science and technology to advance understanding of the plasma state of matter and translate this understanding into a wide range of transformative technologies in areas such as advanced manufacturing, medicine, and agriculture. The report is based on the community-led planning process that preceded the FESAC work. Multiple GA researchers contributed time and expertise to that activity. Wayne Solomon, Director of Science and Technology for Magnetic Fusion Energy at GA, was a co-chair on the community-led activity and a lead on the FESAC subcommittee that produced the report.

“Economical fusion energy would be one of the greatest scientific achievements ever – clean, safe, always-available power with a nearly limitless source of fuel,” said Dr. Tony Taylor, vice president for magnetic fusion energy at GA. “This report and the comprehensive process that produced it are critical steps toward reaching that goal.”

Fusion energy is much closer than many people realize. Decades of public investment in fusion research have resulted in a range of important advances, including the first fusion experiment that will yield net power, the ITER experiment in France. The U.S. is one of seven ITER partners, which together represent half of the world’s population and 85 percent of global GDP. ITER is now more than 70 percent complete toward first plasma operations in 2025. GA is supplying several key components for ITER, including the Central Solenoid, the largest pulsed superconducting magnet ever constructed, as well as diagnostic and support systems.

Multiple private companies are developing promising alternative paths to fusion energy as well, and investors have taken notice, pouring over a billion dollars into these efforts. The ultimate goal of both private and public investment is to develop fusion into an essentially inexhaustible source of clean, carbon-free electricity that is available at all hours of the day. Fusion uses hydrogen fuels that are abundantly available, and it creates no long-lived or high-level radioactive waste. It is inherently safe and ideally suited to complement other renewable sources of energy.


About General Atomics: Since the dawn of the atomic age, General Atomics innovations have advanced the state of the art across the full spectrum of science and technology – from nuclear energy and defense to medicine and high-performance computing. Behind a talented global team of scientists, engineers, and professionals, GA’s unique experience and capabilities continue to deliver safe, sustainable, economical, and innovative solutions to meet growing global demands.

Attachment 



Zabrina Johal
General Atomics
858-455-4004
[email protected]

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First Trust Energy Infrastructure Fund Issues Notice Regarding December 2020 Distribution

First Trust Energy Infrastructure Fund Issues Notice Regarding December 2020 Distribution

WHEATON, Ill.–(BUSINESS WIRE)–
The Board of Trustees of First Trust Energy Infrastructure Fund (the “Fund”) (NYSE: FIF), CUSIP 33738C103, previously approved a managed distribution policy for the Fund (the “Managed Distribution Plan”) in reliance on exemptive relief received from the Securities and Exchange Commission which permits the Fund to make periodic distributions of long-term capital gains as frequently as monthly each tax year.

The Fund has declared a distribution payable on December 15, 2020, to shareholders of record as of December 2, 2020, with an ex-dividend date of December 1, 2020. This Notice is meant to provide you information about the sources of your Fund’s distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of its distribution or from the terms of its Managed Distribution Plan.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date for the Fund from the following sources: net investment income (“NII”); net realized short-term capital gains (“STCG”); net realized long-term capital gains (“LTCG”); and return of capital (“ROC”). These estimates are based upon information as of November 30, 2020, are calculated based on a generally accepted accounting principles (“GAAP”) basis and include the prior fiscal year-end undistributed net investment income. The amounts and sources of distributions are expressed per common share.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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% of NAV(3)

 

on NAV(4)

FIF (5)

 

33738C103

 

11/30/2021

 

$0.06250

 

$0.01816

 

–

 

–

 

$0.04434

 

29.06%

 

–

 

–

 

70.94%

 

6.01%

 

1.06%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cumulative

 

Cumulative

Fiscal

Fund

 

Fund

 

Fiscal

 

Cumulative

Fiscal YTD

 

Cumulative Distributions Fiscal YTD ($)

 

Cumulative Distributions Fiscal YTD (%)

 

Fiscal YTD

Distributions as

 

YTD Total

Return

Ticker

 

Cusip

 

Year End

 

Distributions(1)

 

NII

 

STCG

 

LTCG

 

ROC (2)

 

NII

 

STCG

 

LTCG

 

ROC(2)

 

a % of NAV(3)

 

on NAV(4)

FIF (5)

 

33738C103

 

11/30/2021

 

$0.06250

 

$0.01816

 

–

 

–

 

$0.04434

 

29.06%

 

–

 

–

 

70.94%

 

0.50%

 

-19.31%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Includes the most recent monthly distribution paid on December 15, 2020.

(2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

(3) Based on Net Asset Value (“NAV”) as of November 30, 2020.

(4) Total Returns are through November 30, 2020.

(5) The Fund anticipates that, due to the tax treatment of cash distributions made by Master Limited Partnerships in which the Fund invests, a portion of distributions the Fund makes to Common Shareholders may consist of a tax-deferred return of capital.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. You should not use this Notice as a substitute for your Form 1099-DIV.

First Trust Advisors L.P. (“FTA”) is a federally registered investment advisor and serves as the Fund’s investment advisor. FTA and its affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services. FTA has collective assets under management or supervision of approximately $164 billion as of November 30, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. FTA and FTP are based in Wheaton, Illinois.

Energy Income Partners, LLC (“EIP”) serves as the Fund’s investment sub-advisor and provides advisory services to a number of investment companies and partnerships for the purpose of investing in MLPs and other energy infrastructure securities. EIP is one of the early investment advisors specializing in this area. As of November 30, 2020, EIP managed or supervised approximately $3.9 billion in client assets.

Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost. There can be no assurance that the Fund’s investment objectives will be achieved. The Fund may not be appropriate for all investors.

Principal Risk Factors: The Fund is subject to risks, including the fact that it is a non-diversified closed-end management investment company.

Securities held by a fund, as well as shares of a fund itself, are subject to market fluctuations caused by factors such as general economic conditions, political events, regulatory or market developments, changes in interest rates and perceived trends in securities prices. Shares of a fund could decline in value or underperform other investments as a result of the risk of loss associated with these market fluctuations. In addition, local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on a fund and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. The outbreak of the respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of this COVID-19 pandemic may last for an extended period of time and will continue to impact the economy for the foreseeable future.

Because the Fund is concentrated in securities issued by energy infrastructure companies, it will be more susceptible to adverse economic or regulatory occurrences affecting that industry, including high interest costs, high leverage costs, the effects of economic slowdown, surplus capacity, increased competition, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies and other factors. Investments in securities of MLPs involve certain risks different from or in addition to the risks of investing in common stocks. The number of energy-related MLPs has declined since 2014. The industry is witnessing the consolidation or simplification of corporate structures where the MLP sleeve of capital is being eliminated. As a result of the foregoing, the Fund’s MLP investments could become less diverse and the Fund may increase its non-MLP investments consistent with its investment objective and policies. Changes in tax laws or regulations, or interpretations thereof in the future, could adversely affect the Fund or the MLPs, MLP-related entities and other energy sector and energy utility companies in which the Fund invests.

The Fund invests in securities of non-U.S. issuers which are subject to higher volatility than securities of U.S. issuers. Because the Fund invests in non-U.S. securities, you may lose money if the local currency of a non-U.S. market depreciates against the U.S. dollar.

There can be no assurance as to what portion of the distributions paid to the Fund’s Common Shareholders will consist of tax-advantaged qualified dividend income.

Many financial instruments use or may use a floating rate based upon the London Interbank Offered Rate (LIBOR), which is being phased out by the end of 2021. There remains some uncertainty regarding the future utilization of LIBOR and the nature of any replacement rate.

Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.

The risks of investing in the Fund are spelled out in the shareholder reports and other regulatory filings.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.

Forward-Looking Statements

Certain statements made in this press release that are not historical facts are referred to as “forward‑looking statements” under the U.S. federal securities laws. Actual future results or occurrences may differ significantly from those anticipated in any forward‑looking statements due to numerous factors. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward‑looking statements, which generally are not historical in nature. Forward‑looking statements are subject to certain risks and uncertainties that could cause actual results to differ from those anticipated in any forward-looking statements. You should not place undue reliance on forward‑looking statements, which speak only as of the date they are made. The Fund undertakes no responsibility to update publicly or revise any forward‑looking statements.

Inquiries: Don Swade (630) 765-8661

 

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Professional Services Finance

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