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Naver to Acquire Poshmark
Poshmark stockholders to receive $17.90 per share in cash Acquisition expands and diversifies Naver’s leading e-commerce platform, strengthens its community with a global social network of younger users, and positions it to capitalize on the global online fashion re-commerce and sustainable economy opportunity Extends Poshmark’s leadership and capitalizes on changing consumer trends through new technology investments, international expansion, and category and product evolution SEONGNAM-SI, South Korea & REDWOOD CITY, Calif.--(BUSINESS WIRE)--Naver Corp. (KRX: 035420) (“Naver”), Korea’s largest internet company, and Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”), a leading social e-commerce marketplace for new and secondhand style, today announced that they have entered into a definitive agreement under which Naver will acquire all of the issued and outstanding shares of Poshmark for $17.90 in cash, representing an enterprise value of approximately $1.2 billion.1 This represents a premium of 15% to Poshmark’s closing stock price as of October 3, 2022, a 34% premium to the 30-day volume weighted average price, and a 48% premium to the 90-day volume weighted average price of Poshmark’s shares. Management Commentary Choi Soo-Yeon, Chief Executive Officer of Naver: “The combination will create the strongest platform for powering communities and re-fashioning commerce. Poshmark is the definitive brand for fashion in the United States that provides a social network for buying and selling apparel. Naver’s leading technology in search, AI recommendation and e-commerce tools will help power the next phase of Poshmark’s global growth.” “Poshmark is a natural fit for our business – our two companies share a common set of values and vision around content, community and empowerment. Bringing Naver and Poshmark together will immediately put us at the forefront of creating a new, socially responsible, and sustainable shopping experience designed around sellers of all sizes and interests – from individual and influencer sellers to professional sellers, brands and specialty boutiques – and a large, loyal, and highly engaged social community. We are excited to work closely with Manish and his talented team to create lasting value for all our stakeholders.” Manish Chandra, Founder and Chief Executive Officer of Poshmark: “The opportunity to join forces with Naver – one of the world’s leading and most innovative and successful internet companies – is a testament to the strength of our brand, operating model, and what we’ve built over the last decade with our talented team and amazing community. Our industry continues to evolve at a rapid pace, and we are excited to continue to lead the future of shopping by providing our community with an unparalleled experience that is simple, social, fun and sustainable.” “This is a highly compelling opportunity for our employees, who will benefit from being part of a larger, global organization with shared values and complementary strengths. This transaction also delivers significant and immediate value to our shareholders. Longer term, as part of Naver, we will benefit from their financial resources, significant technology capabilities, and leading presence across Asia to expand our platform, elevate our product and user experiences, and enter new and large markets. I look forward to partnering with Naver as we take our company into its next phase of growth.” Redefining Commerce and Community Around a Shared Vision The inherent strengths of both companies lie in their unwavering commitment to content, community and empowerment: Content. Naver is home to the largest number of bloggers in Korea and the largest number of digital creators of stories (Wattpad) and comics (Webtoons) globally. Poshmark is a leader in creating unique styles and fashion trends, including the growing K-Fashion apparel segment. Community. Naver is the largest and longest-standing online community in Korea, where more than 36 million monthly users access its search portal and various online community services. Its metaverse platform, Zepeto, is the second largest metaverse app in the world, with a growing, vibrant community for members to create and share whatever they imagine. Naver’s community also extends to other large, fast-growing, and highly engaged groups, including its K-Pop fandom community Weverse, which is jointly owned with BTS’ management company, one of the most successful groups of all time. Poshmark is the destination of choice for more than 80 million registered users. Among them, active users spend approximately 25 minutes of their day buying and selling apparel online, and gather in-person at Posh Party Live events held in various cities around the world. Empowerment. Naver is dedicated to empowering the long tail – it is the largest enabler of e-commerce for small and medium-sized businesses in Korea and has revolutionized content creation by democratizing the publication of digital comics through Naver Webtoons. At Poshmark, anyone can easily list and sell what is hanging in their closet at home, and anyone can make a social impact through the promotion of socially responsible, sustainable commerce. The transaction will create a global player in online fashion re-commerce by combining Poshmark’s unique discovery-based social shopping platform and deeply engaged community with Naver’s technological prowess in upleveling the e-commerce experience. Poshmark will also leverage Naver’s proven expertise and track record in Asia and its significant expertise from backing and investing in other fashion and consumer-to-consumer (C2C) e-commerce platforms globally. The combination accelerates Naver’s strategy to build a global e-commerce community portfolio to capture the growth in large markets around the world, including Poshmark’s home market of North America. Together, the companies expect to increase purchase conversion rates, deepen user engagement, create an industry leader in livestreaming commerce, and enhance the unique relationship- and discovery-based experiences that are driving fast-growing re-commerce verticals. Strategic and Financial Benefits Expands Long-Term Opportunity in Fashion Re-commerce and Creates Globally Distributed User Base with Influx of Younger Users: The addition of Poshmark will expand and diversify Naver’s search-driven e-commerce business into the global secondhand C2C market for fashion. The combination will also allow Naver to capitalize on the increasing consumer shift in fashion to online re-commerce, which is an $80 billion market today in the U.S. alone, and is expected to grow by 20% annually to $130 billion by 2025.2 Poshmark currently has a community of over 80 million registered users, across 90% of zip codes in the U.S. In 2021, the company generated approximately $2 billion in gross merchandise value (GMV) with a take rate of 20% and gross margin of 85%. Its primary demographic of millennials and Generation Z users is the largest shopping demographic for secondhand goods and a key driver of the circular economy and community-based platforms. One of Poshmark’s strong appeals to the growing number of conscious consumption shoppers is the important role it plays in extending the lifecycle of millions of previously made items and reducing fashion’s footprint. These users will expand and complement Naver’s current user base. Creates a Global Commerce Community with Access to Poshmark’s Social Networking and Discovery-Based Shopping: Naver is a proven community builder, connecting more than 28 million monthly users across its Naver Café platform – an open social community where users create their own groups to share content, ideas, and information broadly, across a large number of topics and categories – as well as its Metaverse and K-Pop fandom communities. Poshmark has created unique relationship-oriented “micro” communities that are based around social engagement with friends and family and discovery-based shopping. Poshmark’s simple, easy, and community-centered fashion marketplace will give Naver access to a highly engaged and diversified community, where sellers become buyers and buyers become sellers, and add a global social networking element to Naver’s portfolio of services. Enhances Poshmark’s User Experience with Naver’s Unrivaled and Innovative Technology Offerings: Poshmark will instantly benefit from Naver’s deep technology stack and AI-based capabilities, including its smart lens image recognition and search technologies. These capabilities are highly complementary to Poshmark’s product development strategy, and together will allow Poshmark to offer a new search and shopping experience by integrating Naver’s shopping search engine, which allows users to enter additional search keywords according to their preference on colors, designs, and materials. Specifically, with access to Naver’s image recognition technology, Poshmark users will be able to identify where to find and buy products by scanning objects and shopping through the camera on their phones without needing to know the exact name of the product. This capability will make it easier to both identify new products and sell items, enhancing the user experience. Leverages Naver’s Proven Data Analytics Technology to Improve Marketing and Engagement Strategies to Make Poshmark the Platform of Choice for Buyers and Sellers: As the largest advertising platform in Korea, Naver’s ad-serving infrastructure will play an instrumental role as Poshmark explores rolling out ads to its deeply engaged community. For instance, Poshmark will be able to leverage Naver’s “Biz Advisor” and “Analytics” AI analytical tools, which analyze sales statistics to manage data more effectively, and in turn, increase the number of sellers on Poshmark’s platform. These enhancements will dramatically advance Poshmark’s service offering, resulting in greater customer acquisition, retention, and buyer conversion, as well as enhance its community engagement and user experiences. With Naver Pay commanding the largest share of online payment processing in Korea, the combination will also enable Poshmark to develop innovative payment solutions to expand its ecosystem of buyers and sellers. Additionally, with Naver’s technologies, Poshmark will be able to provide more suitable product recommendations for customers after analyzing products, user communities, and the closets of the users’ favorite sellers in real-time. Together, the companies can develop a service that allows users to search with shopping keywords so that the most suitable product will be recommended to the right user. Enables Global Live Commerce Adoption: Livestream shopping is a key driver of e-commerce in China and Korea (and increasingly in the U.S.) today, allowing shoppers to buy products in real-time through live video broadcasts, enabling greater insights and more clarity around purchasing decisions. Naver’s Shopping Live solution is the leader in Korea, one of the world’s largest live shopping markets, and an essential feature of Naver’s e-commerce platform with over $25 billion in GMV transacted in 2021. Naver expects that the enablement and enhancement of live streaming capabilities within the Poshmark platform will transform the shopping and selling experience and strengthen Poshmark’s community by allowing for greater social networking and engagement. Further Expands Global Footprint for Both Naver and Poshmark: Poshmark will benefit from Naver’s global presence in high-growth markets, particularly in Korea, one of the world’s most innovative and highest penetrated e-commerce industries. This is where Naver is the leading search engine and largest e-commerce channel, and the only search technology company in the world that has successfully expanded into an e-commerce platform. Naver’s footprint also includes Japan, where it has joint ownership in Z Holdings, one of the world’s largest internet service groups, with assets such as Yahoo! Japan and Japan’s leading smartphone messaging platform, LINE, which Naver created and launched in 2011 and now operates in over 230 countries and is used by more than 70% of those populations. With Naver’s support, Poshmark will pursue a broader international expansion strategy in the medium-term, including into other developed markets in Asia. In addition, this transaction provides Naver with an enhanced foothold in the U.S., expanding its international profile, which it has steadily increased both organically and through investments over the past 20 years. Naver will build on its existing U.S. footprint, including Webtoon Entertainment, which is based in Los Angeles and extremely popular with younger audiences, and its $600 million acquisition of Wattpad in 2021. Naver has benefited from the recent global digital disruption and transformation of media and publishing through Wattpad and Webtoon Entertainment, and looks to extend their growth in the region with the addition of Poshmark. Significant Synergy Potential: The transaction is expected to generate significant revenue and cost synergies, consisting primarily of: Re-acceleration of annual revenue growth beyond 20% in the near-term by leveraging Naver’s advertising capabilities to drive further monetization, accelerating investment to drive growth overseas, and expanding live commerce adoption. Approximately $30 million in run-rate annual cost savings within 24 months post-closing including through rationalization of public company costs and driving of higher operating leverage across operating and other cost functions. Operating Structure and Leadership Upon completion of the transaction, Poshmark will become a standalone U.S. subsidiary of Naver and will continue to be led by CEO Manish Chandra and Poshmark’s current management team. Poshmark will continue to operate under its existing brand, as well as maintain its employee base, Poshmark community, and headquarters in Redwood City, California. Transaction Details The transaction, which was unanimously approved by both Naver’s and Poshmark’s Boards of Directors, is expected to close by the first quarter of 2023, subject to approval by Poshmark stockholders and the satisfaction of certain other customary closing conditions. The transaction is not contingent on any financing. Naver has secured voting and support agreements with certain stockholders of Poshmark, representing approximately 77% of the outstanding voting power of Poshmark common shares. The transaction is expected to be funded with Naver’s cash balances and other existing financing sources. Conference Call / Webcast Information Naver and Poshmark will host a conference call for investors and media at 10:00am Korea Standard Time today (9:00pm Eastern Time / 6:00pm Pacific Time) to discuss the announcement. Pre-registration is required to join the conference call and can be accessed using the following links: Korean: http://pin.teletogether.com / English: http://pin.teletogether.com/eng and log-in passcode 385074. A webcast of the call can be accessed using the following links Korean: https://irsvc.teletogether.com/naver/naver20221004_kor.php / English: https://irsvc.teletogether.com/naver/naver20221004_eng.php or by dialing 031 810 3141 for domestic calls and +82 31 810 3142 for international calls using the passcode 385074# + your personal access number. Advisors LionTree LLC is serving as Naver’s exclusive financial advisor and Kirkland & Ellis LLP is serving as Naver’s legal counsel. Goldman Sachs & Co. LLC is serving as exclusive financial advisor to Poshmark, and Goodwin Procter LLP is serving as Poshmark’s legal counsel. About Naver Founded in 1999, Naver is Korea’s oldest surviving start-up and today the country’s largest internet company. Naver operates Korea’s No.1 search engine and largest e-commerce platform, and is a leading provider of fintech services, digital content and cloud services to a global community. Naver cultivates a culture of ‘Founder-type leaders’ who continue to launch innovative mobile applications, including LINE (Japan’s No.1 messaging app), Zepeto and Webtoons. About Poshmark Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, pets, home and more. By combining the human connection of physical shopping with the scale, ease, and selection benefits of e-commerce, Poshmark makes buying and selling simple, social, and sustainable. Its community of more than 80 million registered users across the U.S., Canada, Australia, and India is driving the future of commerce while promoting more sustainable consumption. For more information, please visit www.poshmark.com, and for company news and announcements, please visit investors.poshmark.com. You can also find Poshmark on Instagram, Facebook, Twitter, TikTok, Pinterest, YouTube, and Snapchat. Additional Information and Where to Find It In connection with the proposed transaction between Poshmark (the “Company”) and Naver (“Naver”), the Company will file with the SEC a Proxy Statement, the definitive version of which will be sent or provided to Company stockholders. The Company may also file other documents with the SEC regarding the proposed transaction. This document is not a substitute for the Proxy Statement or any other document which the Company may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS AND DOCUMENTS INCORPORATED BY REFERENCE THEREIN, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Proxy Statement (when it is available) and other documents that are filed or will be filed with the SEC by the Company through the website maintained by the SEC at www.sec.gov, the Company’s investor relations website at investors.poshmark.com or by contacting the Company’s investor relations department at the following: IR@Poshmark.com. Participants in the Solicitation NAVER and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from Poshmark’s stockholders in respect of the proposed transaction and any other matters to be voted on at the special meeting. Information regarding Poshmark’s directors and executive officers, including a description of their direct interests, by security holdings or otherwise, will be included in the Proxy Statement (when available). Poshmark stockholders may obtain additional information regarding the direct and indirect interests of the participants in the solicitation of proxies in connection with the proposed transaction, including the interests of Poshmark directors and executive officers in the proposed transaction, which may be different than those of Poshmark’s stockholders generally, by reading the Proxy Statement and any other relevant documents that are filed or will be filed with the SEC relating to the proposed transaction. You may obtain free copies of these documents using the sources indicated above. Cautionary Statement Regarding Forward Looking Statements This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. These forward-looking statements are based on NAVER’s current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management’s beliefs and certain assumptions made by NAVER and Poshmark, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. These and other forward-looking statements, including the failure to consummate the proposed transaction or to make or take any filing or other action required to consummate the proposed transaction on a timely matter or at all, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: (i) the ability of the parties to consummate the proposed transaction in a timely manner or at all; (ii) the satisfaction (or waiver) of closing conditions to the consummation of the proposed transaction; (iii) potential delays in consummation the proposed transaction; (iv) the ability of NAVER to timely and successfully achieve the anticipated benefits of the proposed transaction; (v) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement; (vi) the impact of the COVID-19 pandemic and the current conflict between the Russian Federation and Ukraine on NAVER’s business and general economic conditions; (vii) NAVER’s ability to implement its business strategy; (viii) significant transaction costs associated with the proposed transaction; (ix) potential litigation relating to the proposed transaction; (x) the risk that disruptions from the proposed transaction will harm NAVER’s business, including current plans and operations; (xi) the ability of NAVER to retain and hire key personnel; (xii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed transaction; (xiii) legislative, regulatory and economic developments affecting NAVER’s business; (xiv) general economic and market developments and conditions; (xv) the evolving legal, regulatory and tax regimes under which NAVER operates; (xvi) potential business uncertainty, including changes to existing business relationships, during the pendency of the merger that could affect NAVER’s financial performance; and (xviii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as NAVER’s response to any of the aforementioned factors. Contacts NaverInvestorskimoon.kwon@navercorp.comKWON Kimoon: +82 10 2506 1320 Mediadl_naverpr@navercorp.comSOHN Seohee: +82 10 9818 8819 HWANG Jaehyun: +82 10 5220 8711 FGS Global Naver@FGSGlobal.com PoshmarkInvestorsIR@Poshmark.com MediaPR@Poshmark.com Read full story here
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Materialize Makes Using Real-Time Data as Simple as Batch With New Distributed Streaming Database
Developers can now leverage real-time data using standard ANSI SQL, with new functionality including elastic storage separated from compute, strict-serializability, active replication and horizontal scalability NEW YORK--(BUSINESS WIRE)--#ansisql--Materialize today announced early availability of its distributed streaming database, which enables immediate, widespread adoption of real-time data for applications, business functions, and other data products. In an industry first for streaming data, Materialize delivers in a single platform the separation of storage and compute, strict-serializability, active replication, horizontal scalability and workload isolation — all through a simple SQL interface available as a fully-managed cloud service. Materialize is now the fastest way to build products with streaming data, drastically reducing the time, expertise, cost and maintenance traditionally associated with implementation of real-time features. Until now, adopting real-time data has come with sky-high development costs and extreme complexity in implementation, yet still lacks the capabilities necessary to truly productionalize the resulting data products. However, working with streaming data is no longer a nice-to-have for high-performing companies, and in the next decade, companies will have to work with a real-time first approach to their data. Materialize, for the first time, gives users all the power of streaming data with the same simplicity and low implementation cost as batch cloud data warehouses. “Materialize is one of the highest-leverage solutions available in the streaming space," said Jared Noynaert, Vice President, Data and Analytics at Crane Worldwide. "With the added persistence, high availability, decoupled storage and compute, and improved ergonomics, Materialize delivers the right abstraction at the right time.” Materialize’s PostgreSQL-compatible interface lets users leverage the tools they already use, with unsurpassed simplicity enabled by full ANSI SQL support. It allows developers and data teams to build customer-facing workflows, data engineers to build data applications, and analytics engineers to perform streaming analytics, leveraging integrations with powerful platforms like dbt. Materialize gives developers results that are always up-to-date, enabling them to quickly build automated, low-latency applications downstream. New innovations announced today include: Availability as a fully-managed cloud-native software-as-a-service platform Elastic storage (AWS S3), separated from compute increases scalability and availability while reducing costs Strict-serializability eliminates stale data and enables strong consistency guarantees Multi-way complex joins supports stream-to-stream, stream-to-table, table-to-table, and more, all in standard SQL Horizontal scalability leverages Timely Dataflow to let users handle large, fast-scaling workloads Active replication enables users to spin up multiple clusters with the same workload for high-availability Workload isolation enables users to spin up multiple clusters with different workloads while still leveraging shared elastic-storage, enabling collaboration without worrying about interference “By abstracting away the tedious stream processing work and allowing both data and software engineers to focus on logic in SQL, we help them create customizable, powerful data experiences, quickly, easily, and cost-effectively,” said Materialize Co-founder and Chief Scientist Frank McSherry. “Real-time products haven’t been impossible to implement, they’ve just been extremely difficult, due to the need for custom development and ongoing maintenance. Standard SQL significantly lowers the bar to engagement and should be sufficient for all but the most complex use cases, enabling valuable engineering resources to be applied to the most sophisticated challenges.” How Materialize works Using standard ANSI SQL and looking and acting like a Postgres database, Materialize, which is built atop Timely Dataflow and Differential Dataflow: Incrementally maintains the results of SQL queries as materialized views, in-memory or on cloud storage, providing millisecond-level latency on complex transformations, joins, or aggregations. Ingests data from multiple sources, including relational databases, event streams, and data lakes before transforming or joining data using the same complex SQL queries used with batch data warehouses. Builds materialized views and incrementally updates the results of as source data changes, rather than computing the answer to a query from scratch every time like a traditional database. Users may either query the results for fast, high-concurrency reads, or subscribe to changes for pure event-driven architectures. “We believe in a future where the default for developers and data teams will be working with data in real-time,” said Arjun Narayan, CEO of Materialize. “The availability of this streaming database platform will help accelerate a migration from batch to real-time in the same way that we saw an enormous shift from on-premises infrastructure to the cloud. Materialize enables companies to not just be data-driven, but to be event-driven, and we provide a critical building block in the creation of these event-driven businesses. If you need to build something real-time, you should build with Materialize first.” For more information read more in the accompanying blog post, and to get early access to the Materialize Distributed Streaming Database, visit the Materialize web site here. About Materialize Materialize is a cloud-native streaming database purpose-built to enable the world's most innovative companies to operate with the best data available at all times. Materialize reduces the cost and complexity of working with real-time data by presenting as a Postgres database and supporting full ANSI SQL, all while delivering capabilities previously only found in batch-based systems. Materialize is headquartered in New York and backed by leading venture capital firms including Kleiner Perkins, Lightspeed Venture Partners and Redpoint Ventures. For more information visit www.materialize.com or follow us on Twitter at @MaterializeInc. Contacts Media Contact Wilson Craig Mindshare PR wilson@mindsharepr.com408-516-6182
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Pershing Square Holdings, Ltd. Announces Transactions in Own Shares - 3 October 2022
LONDON--(BUSINESS WIRE)--Regulatory News: Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) (“PSH”) today announced that it has purchased, through PSH’s agent, Jefferies International Limited (“Jefferies”), the following number of PSH’s Public Shares of no par value (ISIN Code: GG00BPFJTF46) (the "Shares"): Trading Venue: London Stock Exchange Ticker: PSH Date of Purchase: 3 October 2022 Number of Public Shares purchased: 43,037 Shares Highest Price Paid Per Share: 2,695 pence / 30.54 USD Lowest Price Paid Per Share: 2,635 pence / 29.86 USD Average Price Paid Per Share: 2,672 pence / 30.28 USD Ticker: PSHD Date of Purchase: 3 October 2022 Number of Public Shares purchased: 5,351 Shares Highest Price Paid Per Share: 30.30 USD Lowest Price Paid Per Share: 29.65 USD Average Price Paid Per Share: 29.97 USD Trading Venue: Euronext Amsterdam Ticker: PSH Date of Purchase: 3 October 2022 Number of Public Shares purchased: 11,836 Shares Highest Price Paid Per Share: 30.40 USD Lowest Price Paid Per Share: 29.60 USD Average Price Paid Per Share: 30.05 USD PSH will hold these Public Shares in Treasury. The net asset value per Public Share related to this buyback is 45.55 USD / 40.79 GBP which was calculated as of 30 September 2022. After giving effect to the above buyback, PSH has 194,365,426 Public Shares outstanding. Excluded from the shares outstanding are 16,591,324 Public Shares held in Treasury. The prices per Public Share were calculated by Jefferies. The one special voting share (held by PS Holdings Independent Voting Company Limited) has not been affected. About Pershing Square Holdings, Ltd. Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) (NA:PSH) is an investment holding company structured as a closed-ended fund. Category: (PSH:ShareRepurchases) Contacts Media ContactCamarcoEd Gascoigne-Pees / Julia Tilley +44 (0)20 3781 8339, media-pershingsquareholdings@camarco.co.uk
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Nextivity Simplifies Improving Cellular Connectivity with Cel-Fi CONNECT C41
Intelligent cellular leader develops self-install smart indoor repeater capable of supporting 5G SAN DIEGO--(BUSINESS WIRE)--Nextivity, the industry leader in intelligent cellular coverage solutions, has today announced the availability of Cel-Fi CONNECT C41, a self-install smart signal repeater that enables businesses and homeowners to quickly solve indoor cellular coverage challenges for voice and data. Cel-Fi CONNECT C41 continues the Nextivity legacy of advancing connectivity through easy-to-use and unconditionally network-safe narrowband repeaters. The system features the 4th generation Nextivity proprietary IntelliBoost chip to deliver channelized coverage for boosting specific mobile network operators signals with industry-leading performance. With its plug-and-play operation and ability to support a coverage footprint over 200 square meters, CONNECT C41 is perfect for smaller indoor spaces — offices, apartments, small houses, and retail storefronts — and allows businesses and homeowners to easily improve their 3G, 4G, or 5G reception and stay connected. “The time-consuming and unreliable nature of current connectivity solutions has left businesses and homeowners scrambling for coverage options,” said Stephen Kowal, CCO of Nextivity. “Amplifying our commitment to protect the operator’s network, deliver the best cellular performance, and design the easiest solution to install, Cel-Fi CONNECT C41 is built specifically so that people can dramatically improve their cellular signal within minutes.” Key features of Cel-Fi CONNECT C41 include: Auto-configuration for all 3G/4G/5G parameters for quick and simple set up Easy access to real-time system and coverage performance via Nextivity WAVE application for iOS and Android devices CE certified Cel-Fi CONNECT C41 is available exclusively in Asia, EMEA, and Oceania to support carrier networks in each region. For more information, please visit [insert product page link]. About Nextivity Nextivity Inc. makes the world’s most intelligent, powerful, and easy-to-use cellular and public safety coverage solutions that advance connectivity and allow people and businesses to achieve their most ambitious goals. Nextivity solutions include the popular Cel-Fi product line, which are powered by proprietary IntelliBoost chips. IntelliBoost uses digital signal-processing to enhance cellular performance in real-time and deliver unbeatable coverage for organizations, homes, and vehicles in over 100 countries. All Nextivity solutions are unconditionally network safe and used by over 200 mobile network operators globally. Nextivity is headquartered in San Diego, CA, USA. Visit us at cel-fi.com and follow us on LinkedIn. Contacts Media ContactSourceCode Communications for Nextivity Kayleigh Jones nextivity@sourcecodecomms.com
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NFE and EBRASIL Complete the Sale of the 1.6 GW CELSE Power Plant to Eneva S.A.
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it, along with its joint venture partner Ebrasil Energia Ltda. (“Ebrasil”), has closed the sale of the Centrais Elétricas de Sergipe (“CELSE”) Power Plant to Brazilian power company Eneva S.A. (“Eneva”). The transaction was initially announced by NFE on June 1, 2022. Pursuant to the transaction, Eneva acquired 100% of the shares of Centrais Elétricas de Sergipe Participações S.A. (“CELSEPAR”), the NFE-Ebrasil joint venture that had held the equity interests of the CELSE Power Plant, and 100% of the shares of Centrais Elétricas Barra dos Coqueiros S.A. (“CEBARRA”), which owns 1.7 GW of expansion rights adjacent to the CELSE Power Plant. “The closing of this transaction further deleverages and simplifies our capital structure and marks another significant step toward our goal of an investment grade credit rating,” said Wes Edens, Chairman and CEO of NFE. “We are pleased to redeploy these proceeds toward the capital needs of our Fast LNG program and downstream LNG projects worldwide, internally funding our strategic growth initiatives to serve our customers’ needs amid a structurally short global LNG market.” A portion of the proceeds from the sale was used to pay off the entire outstanding balance of – and fully retire – the Standby Guarantee and Credit Facility Agreement with GE Capital EFS Financing Inc., while Eneva will assume the outstanding debt obligations of CELSE, itself a 100% owned subsidiary of CELSEPAR. Energos Infrastructure (“Energos”), the joint venture platform established between Apollo (NYSE: APO) and NFE, will continue to operate the Golar Nanook, a floating storage and regasification unit (“FSRU”) that remains chartered to CELSE for use at the CELSE Power Plant for more than 20 years. About New Fortress Energy New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations seek to support global energy security, enable economic growth, enhance environmental stewardship, and transform local industries and communities around the world. Cautionary Language Regarding Forward-Looking Statements This communication contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: the expected use of the proceeds of the transaction; and NFE’s expected partnerships with third parties, including with respect to the Golar Nanook and continued operation of the Golar Nanook. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of the parties to the SPA or the stock prices of such parties. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Contacts Investors Patrick Hughes ir@newfortressenergy.com Media Jake Suski +1 (516) 268-7403 press@newfortressenergy.com
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Business Wire Announces the Passing of Founder Lorry I. Lokey
SAN FRANCISCO--(BUSINESS WIRE)--Business Wire, the global leader in press release distribution and regulatory disclosure, today announced the passing of Lorry I. Lokey, retired Founder/Chairman and Chief Executive Officer, who died over the weekend at the age of 95 in California. Having founded Business Wire in 1961, Lokey grew it from a single office in San Francisco into a worldwide communications leader up until it was acquired by Berkshire Hathaway in 2006. Today, Business Wire has nearly 500 employees around the world. “We are deeply saddened by the news of Lorry’s passing,” said Geff Scott, Chief Executive Officer of Business Wire. “He was a pioneer and visionary in our industry and a man of great generosity. We are grateful to Lorry for his lifetime of service and offer our condolences to his family and loved ones.” In addition to his work at Business Wire, Lokey is noted for his significant philanthropic efforts around the world. In 2010 he signed the Giving Pledge and made numerous contributions to secondary and post-secondary education institutions and others, many of which have programs and facilities named in his honor. Notable gifts include those made to the University of Oregon, Stanford University, Mills College, The Technion, Santa Clara University, University of Haifa, and others. Reflecting on his passion for philanthropy, in a 2010 letter to join the Giving Pledge, Lokey noted, “There’s an old saying about farmers putting back in to the ground via fertilizer what they take out. So it is with money. The larger the estate, the more important it is to revitalize the soil.” Born in Portland, Oregon in 1927, Lokey attended Stanford University, from which he attained a bachelor’s degree in journalism in 1949. He also served in the US Army during World War II. One constant in his life was his love of journalism: from being an editor of the Stanford Daily to his work on the Pacific Stars & Stripes to an early job for United Press. Combining his journalism and public relations experience led him to start Business Wire. About Business Wire: Business Wire, a Berkshire Hathaway company, is the global leader in news release distribution and regulatory disclosure. Public relations, investor relations, public policy, and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals, and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented NX Network. Business Wire’s global presence is available to meet the needs of communications professionals and news media worldwide. For more information about Business Wire, please email us at info@businesswire.com or call 888.381.9473. Subscribe to our blog for communications industry trends and tactics delivered straight to your inbox, and follow Business Wire on Twitter, LinkedIn, Facebook, and Instagram. Contacts Business WireMatt Farlie, +1 212-752-9600 matt.farlie@businesswire.com
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Arcosa, Inc. Completes Sale of its Storage Tanks Business
– Advances Strategy to Reduce Complexity and Cyclicality of Business Portfolio – Provides Additional Liquidity to Reinvest in Growth Businesses DALLAS--(BUSINESS WIRE)--Arcosa, Inc. (NYSE: ACA) (“Arcosa” or the “Company”), a provider of infrastructure-related products and solutions, today announced it has completed the previously announced sale of its storage tanks business to Black Diamond Capital Management, LLC for $275 million in cash. The Company plans to initially use a portion of the net proceeds to repay outstanding borrowings under its revolving credit facility as we evaluate organic initiatives and potential acquisition opportunities. Antonio Carrillo, President and CEO of Arcosa, commented, “I am pleased to announce the successful completion of the sale of our storage tanks business, a significant milestone that reflects our ongoing commitment to shareholder value creation and portfolio simplification. The divestiture is an excellent example of improving a business and preparing it for monetization when market conditions are supportive, enabling Arcosa to realize significant value to ultimately reinvest in our key growth businesses. I want to recognize the great legacy and contributions of the storage tanks business and thank its employees for their service and dedication to Arcosa.” The Company will provide additional transaction details and update its full year 2022 revenue and Adjusted EBITDA guidance during Arcosa’s third quarter 2022 earnings conference call. As previously disclosed, our forecast for the storage tanks business was for revenues of approximately $245-255 million and Adjusted EBITDA of approximately $52-55 million for full year 2022. Evercore served as financial advisor to Arcosa, while Gibson, Dunn & Crutcher LLP and Creel, García-Cuéllar, Aiza y Enriquez, S.C. served as its legal advisors. About Arcosa Arcosa, Inc., headquartered in Dallas, Texas, is a provider of infrastructure-related products and solutions with leading positions in construction, engineered structures, and transportation markets. Arcosa reports its financial results in three principal business segments: Construction Products, Engineered Structures, and Transportation Products. For more information, visit www.arcosa.com. Some statements in this release, which are not historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about Arcosa’s estimates, expectations, beliefs, intentions or strategies for the future. Arcosa uses the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,” “guidance,” “outlook,” “strategy,” “plans,” and similar expressions to identify these forward-looking statements. Forward-looking statements speak only as of the date of this release, and Arcosa expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein, except as required by federal securities laws. Forward-looking statements are based on management’s current views and assumptions and involve risks and uncertainties that could cause actual results to differ materially from historical experience or our present expectations, including but not limited to assumptions, risks and uncertainties regarding the impact of the COVID-19 pandemic on Arcosa’s customer demand for Arcosa’s products and services, Arcosa’s supply chain, Arcosa’s employees’ ability to work because of COVID-19 related illness, the health and safety of our employees, the effect of governmental regulations imposed in response to the COVID-19 pandemic; assumptions, risks and uncertainties regarding achievement of the expected benefits of Arcosa’s spin-off from Trinity; tax treatment of the spin-off; failure to successfully integrate acquisitions or divest any business, or failure to achieve the expected benefits of acquisitions or divestitures; market conditions and customer demand for Arcosa’s business products and services; the cyclical nature of, and seasonal or weather impact on, the industries in which Arcosa competes; competition and other competitive factors; governmental and regulatory factors; changing technologies; availability of growth opportunities; market recovery; ability to improve margins; the impact of inflation and costs of materials; and Arcosa’s ability to execute its long-term strategy, and such forward-looking statements are not guarantees of future performance. For further discussion of such risks and uncertainties, see "Risk Factors" and the "Forward-Looking Statements" section of "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Arcosa's Form 10-K for the year-ended December 31, 2021 and as may be revised and updated by Arcosa's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Contacts INVESTOR CONTACTS Gail M. Peck Chief Financial Officer Erin Drabek Director of Investor Relations T 972.942.6500 InvestorResources@arcosa.com David Gold ADVISIRY Partners T 212.661.2220 David.Gold@advisiry.com MEDIA CONTACT Media@arcosa.com
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Nihon Kohden Announced the Release of Life Scope® G7 Patient Monitor
Providing caregivers the features needed for the highest acuity settings. IRVINE, Calif.--(BUSINESS WIRE)--Nihon Kohden America, a global leader in precision medical products and services, today announced the release of the much-anticipated Life Scope® G7 patient monitor into the US market. Created by clinicians, for clinicians, the G7 is an advanced bedside monitor with 19” screen designed for high acuity settings with quick access to multiple configurations and trend analysis. Balancing power insights and ease-of-use, this newly released monitor deploys conveniently at the bedside and is simple to mount, with the option to add four smart ports for even more capabilities. The Life Scope G7 incorporates a Data Acquisition Unit to host the BSM-1700 Transport Monitor for uninterrupted data during transport. The advanced features, like drug and pulmonary calculations and hemodynamics graph window, aid clinicians in closer monitoring of their patients. Nihon Kohden America President and CEO, Eiichi Tanaka, is proud of the continued expansion of the Life Scope line of products: “We are pleased to continue our support of healthcare guardians with the release of Life Scope G7. The seamless workflow, detailed visuals, and expanded data integration are just some of the features that will aid our ongoing mission to benefit all.” With the release of the Life Scope G5 and G5Max in the spring, the launch of G7 further displays the company’s continued efforts to allow clinicians to spend more time with their patients and less with technology. Beyond the world’s first pulse oximeter, Nihon Kohden leads with their 70-year heritage to set the bar high with industry-changing innovation for experts by experts. Providing high quality, patient centered care, smarter technologies, and seamless patient transport, the Life Scope G-series delivers more. ABOUT NIHON KOHDEN CORPORATION Founded in Japan in 1951, Nihon Kohden is a leading manufacturer, developer, and distributor of medical electronic equipment, with subsidiaries in the U.S., Europe, Asia, and Latin America. The company’s products are now used in more than 120 countries, and it is the largest supplier of electroencephalography products worldwide. A pioneer in transformational healthcare technology, Nihon Kohden has envisioned, designed, and produced revolutionary devices, such as pulse oximeters, arrhythmia analysis, low-invasive blood volume monitoring and wireless patient monitoring. For more information, visit us.nihonkohden.com. Contacts MEDIA CONTACT:Emily Butler Content Marketing Specialist Emily_Butler@nihonkohden.com
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Valaris Announces Contract Awards and Fleet Status Updates
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today new contracts and contract extensions, with associated contract backlog of $95 million, awarded subsequent to issuing the Company’s most recent contract awards and fleet status update on September 1, 2022. Contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements. Option exercised by TotalEnergies EP Brasil offshore Brazil for drillship VALARIS DS-15. The option has an estimated duration of 100 days and will be in direct continuation of the existing firm term. 292-day contract extension with Saudi Aramco for standard duty modern jackup VALARIS 76. The 292-day extension is in direct continuation of the existing contract. 204-day contract extension with Saudi Aramco for standard duty legacy jackup VALARIS 54. The 204-day extension is in direct continuation of the existing contract. 142-day contract extension with Saudi Aramco for heavy duty modern jackup VALARIS 108. The 142-day extension is in direct continuation of the existing contract. Four-well option exercised by BP offshore Trinidad for heavy duty modern jackup VALARIS 118. The four-well option has an estimated duration of 200 days and will be in direct continuation of the existing firm program. The four-well option has a total contract value of approximately $24 million. About Valaris Limited Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com. Cautionary Statements Statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases such as "anticipate," "believe," "estimate," "expect," "intend," “likely,” "plan," "project," "could," "may," "might," “should,” “will” and similar words. The forward-looking statements contained in this press release are subject to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including the cancellation, suspension, renegotiation or termination of drilling contracts and programs, including drilling contracts which grant the customer termination rights if final investment decision (FID) is not received with respect to projects for which the drilling rig is contracted; oil and natural gas price volatility, customer demand for drilling rigs; downtime and other risks associated with offshore rig operations; severe weather or hurricanes; changes in worldwide rig supply, competition and technology; risks inherent to shipyard rig reactivation, upgrade, repair or maintenance; our ability to enter into, and the terms of, future drilling contracts; suitability of rigs for future contracts; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to obtain financing, fund capital expenditures and pursue other business opportunities; the effects of our emergence from bankruptcy on the Company's business, relationships, comparability of our financial results and ability to access financing sources; actions taken by regulatory authorities or other third parties; the COVID-19 global pandemic and the related public health measures implemented by governments worldwide; increased scrutiny of Environmental, Social and Governance (“ESG”) practices and reporting responsibilities; changes in customer strategy; future levels of offshore drilling activity; governmental action, civil unrest and political and economic uncertainties; terrorism, piracy and military action; environmental or other liabilities, risks or losses; debt agreement restrictions that may limit our liquidity and flexibility; failure to satisfy our debt obligations; and cybersecurity risks and threats. In addition to the numerous factors described above, you should also carefully read and consider “Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II of our most recent annual report on Form 10-K, which is available on the Securities and Exchange Commission’s website at www.sec.gov or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date of the particular statement and we undertake no obligation to update or revise any forward-looking statements, except as required by law. Contacts Investor & Media Contacts: Darin Gibbins Vice President - Investor Relations and Treasurer +1-713-979-4623 Tim Richardson Director - Investor Relations +1-713-979-4619
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NYSE American to Suspend Trading Immediately in Ampio Pharmaceuticals, Inc. (AMPE) and Commence Delisting Proceedings
NEW YORK--(BUSINESS WIRE)--NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Ampio Pharmaceuticals, Inc. (the “Company”) — ticker symbol AMPE — from the Exchange. Trading in the Company’s common stock on the NYSE American will be suspended immediately. NYSE Regulation has determined that the Company is no longer suitable for listing pursuant to Section 1003(f)(v) of the NYSE American Company Guide due to the abnormally low trading price of its common stock. The Company has a right to a review of staff’s determination to delist the common stock by a committee of the Board of Directors of the Exchange. The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision. Contacts Company Contact:Investor and Media Contacts: Tony Russo or Nic Johnson Russo Partners info@ampiopharma.comtony.russo@russopartnersllc.comnic.johnson@russopartnersllc.com NYSE Contact:NYSE Communications PublicRelations-NYSE@ice.com
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Distribution Dates and Amounts Announced for Eaton Vance Closed-End Funds
BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the “Funds”) announced distributions today as detailed below. Declaration – 10/3/2022 Ex-Date – 10/12/2022 Record – 10/13/2022 Payable – 10/20/2022 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/22 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0371 ($0.0058) $9.60 4.64% Eaton Vance Municipal Income Trust EVN $0.0410 ($0.0067) $9.77 5.04% Taxable Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/22 Distribution Rate at Market Price Eaton Vance Senior Income Trust EVF $0.0400 - $5.27 9.11% Eaton Vance Floating-Rate 2022 Target Term Trust EFL $0.0000 ($0.0090) $8.60 0.00% Eaton Vance Limited Duration Income Fund EVV $0.1000 - $9.21 13.03% Declaration – 10/3/2022 Ex-Date – 10/21/2022 Record – 10/24/2022 Payable – 10/31/2022 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/22 Distribution Rate at Market Price Eaton Vance California Municipal Bond Fund EVM $0.0306 ($0.0050) $8.51 4.31% Eaton Vance Municipal Bond Fund EIM $0.0354 ($0.0058) $9.68 4.38% Eaton Vance Municipal Income 2028 Term Trust ETX $0.0617 ($0.0092) $18.70 3.96% Eaton Vance National Municipal Opportunities Trust EOT $0.0625 $0.0000 $16.45 4.56% Eaton Vance New York Municipal Bond Fund ENX $0.0297 ($0.0033) $8.45 4.21% Taxable Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/22 Distribution Rate at Market Price Eaton Vance Floating-Rate Income Trust EFT $0.0780 $0.0005 $11.36 8.24% Eaton Vance Senior Floating-Rate Trust EFR $0.0810 ($0.0003) $11.11 8.75% Eaton Vance Short Duration Diversified Income Fund EVG $0.0873 ($0.0051) $9.80 10.69% Funds Making Distributions Under a Managed Distribution Plan*: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 9/30/22 Distribution Rate at Market Price Eaton Vance Enhanced Equity Income Fund EOI $0.1095 - $14.10 9.32% Eaton Vance Enhanced Equity Income Fund II EOS $0.1373 - $15.30 10.77% Eaton Vance Risk-Managed Diversified Equity Income Fund ETJ $0.0760 - $8.27 11.03% Eaton Vance Tax-Advantaged Dividend Income Fund EVT $0.1626 - $21.75 8.97% Eaton Vance Tax-Advantaged Global Dividend Income Fund ETG $0.1300 - $15.09 10.34% Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund ETO $0.1792 - $20.24 10.62% Eaton Vance Tax-Managed Buy-Write Income Fund ETB $0.1080 - $13.21 9.81% Eaton Vance Tax-Managed Buy-Write Opportunities Fund ETV $0.1108 - $13.15 10.11% Eaton Vance Tax-Managed Buy-Write Strategy Fund EXD $0.0708 - $8.99 9.45% Eaton Vance Tax-Managed Diversified Equity Income Fund ETY $0.0929 - $10.86 10.27% Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund ETW $0.0727 - $7.57 11.52% Eaton Vance Tax-Managed Global Diversified Equity Income Fund EXG $0.0689 - $7.25 11.40% * These Funds make distributions in accordance with a managed distribution plan. Under the managed distribution plan, a Fund issues a notice to shareholders and a press release containing information about the amount and sources of the distribution and other related information on payment date of the distribution. A Fund’s distributions in any period may be more or less than the net return earned by the Fund on its investments, and therefore should not be used as a measure of performance or confused with “yield” or “income.” Distributions in excess of Fund returns will cause its net asset value to erode. Investors should not draw any conclusions about a Fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan. The Fund’s Board may amend or terminate the managed distribution plan at any time without prior notice to Fund shareholders. The Distribution Rate at Market Price is based on the Fund's most recent regular distribution per share (annualized) divided by the Fund’s market price at the end of the period. Fund distributions may be affected by numerous factors, including changes in Fund performance, the cost of financing for Funds that employ leverage, portfolio holdings, realized and projected returns, and other factors. There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund’s distributions at a future time. A portion of the distributions may be comprised of amounts from sources other than net investment income. If that is the case, you will be notified in writing. Further information will be available prior to the payment date at funds.eatonvance.com. The final determination of tax characteristics of each Fund’s distributions will occur after the end of the year, at which time it will be reported to the shareholders. Eaton Vance applies in-depth fundamental analysis to the active management of equity, income, alternative and multi-asset strategies. Eaton Vance’s investment teams follow time-tested principles of investing that emphasize ongoing risk management, tax management (where applicable) and the pursuit of consistent long-term returns. The firm’s investment capabilities encompass the global capital markets. With a history dating back to 1924, Eaton Vance is headquartered in Boston and also maintains investment offices in New York, London, Tokyo and Singapore. For more information, visit evmanagement.com. Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses. Contacts Investor Contact: (800) 262-1122
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Cross Country Healthcare Closes Acquisitions of Mint Medical Physician Staffing, LP and Lotus Medical Staffing LLC
BOCA RATON, Fla.--(BUSINESS WIRE)--Cross Country Healthcare, Inc. (the “Company”) (Nasdaq: CCRN), a market-leading tech-enabled workforce solutions platform and advisory firm, today announced that the Company has closed its acquisition of substantially all of the assets and certain liabilities of Mint Medical Physician Staffing, LP (“Mint”) and Lotus Medical Staffing LLC (“Lotus”). For over 25 years, Mint has placed thousands of highly qualified physicians, nurse practitioners, and physician assistants in locum tenens positions throughout the country. The organization specializes in hospitalist, emergency medicine, radiology, urgent care, occupational medicine, primary care, and telemedicine placements. Lotus is a boutique agency specializing in anesthesia and surgical specialties for both locum tenens and permanent placements. It staffs operating rooms throughout the U.S. with qualified providers who maximize their clinical skills and leadership experience. “We are pleased to have Mint and Lotus join the Cross Country team as we continue to build our locum tenens platform," said John A. Martins, President and Chief Executive Officer of Cross Country Healthcare. He continued, “Their wealth of expertise will help support the growing demand we have seen in the rapidly evolving locum tenens landscape." About Cross Country Healthcare Cross Country Healthcare, Inc. (CCH) is a leading tech-enabled workforce solutions and advisory firm with 36 years of industry experience and insight. We solve complex labor-related challenges for customers while providing high-quality outcomes and exceptional patient care. As a multi-year Best of Staffing® award winner, we are committed to an exceptionally high level of service to our clients and our homecare, education, and clinical and non-clinical healthcare professionals. Our locum tenens line of business, Cross Country Locums, has been certified by the National Committee for Quality Assurance (NCQA), the leader in healthcare accreditation, since 2001. We are the first publicly traded staffing firm to obtain The Joint Commission Certification, which we still hold with a Letter of Distinction. Cross Country Healthcare is rated as the top staffing and recruiting employer for women by InHerSights, and CertifiedTM by Great Place to Work®. For two consecutive years, we have received the Top Workplaces USA award and were recently recognized as a recipient of the Top Workplaces Award for Innovation and Leadership by Energage. We have a history of investing in diversity, equality, and inclusion as a key component of the organization’s overall corporate social responsibility program, closely aligned with its core values to create a better future for its people, communities, and its stockholders. Copies of this and other news releases as well as additional information about Cross Country Healthcare can be obtained online at ir.crosscountryhealthcare.com. Stockholders and prospective investors can also register to automatically receive the Company's press releases, filings with the Securities and Exchange Commission (SEC), and other notices by e-mail. Contacts Cross Country Healthcare, Inc. William J. Burns, Executive Vice President & Chief Financial Officer 561-237-2555 wburns@crosscountry.com
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Align Technology Introduces Latest iTero-exocad Connector™ Software Release That Enables Advanced Visualization for Doctors and Labs, With Seamless In
Optimizes the design and fabrication of highly esthetic restorations by providing the ability to visualize the internal and external structure of teeth with iTero intraoral camera and NIRI images within the exocad DentalCAD 3.1 Rijeka software Lab technicians can download files via the iTero-exocad Connector™ and be ready to design within exocad DentalCAD software in just 1 click* Available with the iTero Element™ 5D and 5D Plus imaging systems and the latest exocad Dental CAD 3.1 Rijeka release TEMPE, Ariz. & PALMA DE MALLORCA, Spain--(BUSINESS WIRE)--Align Technology, Inc. (“Align”) (Nasdaq: ALGN), a leading global medical device company that designs, manufactures, and sells the Invisalign® system of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today introduced the latest release of the iTero-exocad Connector,™ which integrates iTero intraoral camera and NIRI images within exocad DentalCAD 3.1 Rijeka software. This new integration, introduced at the exocad Insights 2022 event in Mallorca, Spain, is designed to support the goal of a seamless, end-to-end workflow for doctors and lab technicians. It optimizes design and fabrication of highly esthetic restorations by providing the ability for dental professionals to visualize the internal and external structure of teeth. Lab technicians can download files via the iTero-exocad Connector and then design within exocad DentalCAD software in just 1 click*. “As a participant in the limited market release, I found that the intraoral camera images are sharp, and this allowed us to choose margins much better and the way that integrates with exocad is fantastic. iTero NIRI images allow us to estimate levels of translucency. This is the kind of innovation that makes our jobs easier, better, and more reliable. It’s a big thumbs up from us,” said Ashley Byrne, CDT, owner of Byrnes Dental Laboratory, UK. “With the iTero scanner’s origins in restorative dentistry, this latest innovation and integration with exocad CAD/CAM software demonstrates our commitment to providing advanced restorative solutions via integrated digital workflows and virtual tools designed to improve treatment efficiency, clinical and patient outcomes, and experiences,” said Yuval Shaked, Align Technology executive vice president and managing director, iTero scanner and services business. “We are excited about the latest release of the iTero-exocad Connector and the opportunity to further improve communication between labs and doctors,” said Tillmann Steinbrecher, CEO of exocad. “Dental technicians will greatly benefit from the seamless visualization of intraoral photos and NIRI images, as the detailed information on a patient's tooth structure enables them to take their restorations to a new level.” The latest release of the iTero-exocad Connector will be activated and made available for all doctors and labs using iTero Element 5D imaging systems and exocad 3.1 Rijeka CAD/CAM software, effective Oct. 3, 2022. *Based on # of clicks required to move a case from the point of receiving an iTero scan from a doctor to the point of the scan being loaded in exocad DentalDB when the user has MyiTero.com portal and exocad DentalDB software open. Data on file at Align Technology, as of December 17, 2020. About Align Technology, Inc. Align Technology designs and manufactures the Invisalign® system, the most advanced clear aligner system in the world, iTero™ intraoral scanners and services, and exocad™ CAD/CAM software. These technology building blocks enable enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies for over 229 thousand doctor customers and is key to accessing Align’s 500 million consumer market opportunity worldwide. Over the past 25 years, Align has helped doctors treat over 13.4 million patients with the Invisalign system and is driving the evolution in digital dentistry through the Align Digital Platform™, our integrated suite of unique, proprietary technologies and services delivered as a seamless, end-to-end solution for patients and consumers, orthodontists and GP dentists, and lab/partners. Visit www.aligntech.com for more information. For additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com. For additional information about the iTero digital scanning system, please visit www.itero.com. For additional information about exocad dental CAD/CAM offerings and a list of exocad reseller partners, please visit www.exocad.com. Contacts Align TechnologyMadelyn Valente (909) 833-5839 mvalente@aligntech.com Zeno GroupSarah Johnson (828) 551-4201 sarah.johnson@zenogroup.com
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Delaware Ivy High Income Opportunities Fund announces distribution
PHILADELPHIA--(BUSINESS WIRE)--Today, Delaware Ivy High Income Opportunities Fund (the “Fund”), a New York Stock Exchange– listed closed-end fund trading under the symbol “IVH,” declared a monthly distribution of $0.073 per common share. The monthly distribution is payable October 31, 2022 to shareholders of record at the close of business on October 17, 2022. The ex-dividend date will be October 14, 2022. The distribution is expected to be paid from net investment income (regular interest and dividends). The final tax status of the distribution may differ substantially from this preliminary information, which is based on estimates, and the final determination of such amount will be made in early 2023 when the Fund can determine its earnings and profits for the 2022 fiscal year. The Fund’s investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans (“Secured Loans”). In addition, the Fund utilizes leveraging techniques in an attempt to obtain a higher return for the Fund. There can be no assurance that the Fund will achieve its investment objective. Under normal circumstances, the Fund will invest at least 80% of its Managed Assets (as defined below) in a portfolio of U.S. and foreign bonds, loans and other fixed income instruments, as well as other investments (including derivatives) with similar economic characteristics. The Fund will invest primarily in instruments that are, at the time of purchase, rated below investment grade (below Baa3 by Moody’s Investors Service, Inc. (“Moody’s”) or below BBB- by either Standard & Poor’s Rating Services (“S&P”) or Fitch, Inc. (“Fitch”), or comparably rated by another nationally recognized statistical rating organization (“NRSRO”)), or unrated but judged by the Adviser to be of comparable quality. “Managed Assets” means the Fund’s total assets, including the assets attributable to the proceeds from any borrowings or other forms of structural leverage minus liabilities other than the aggregate indebtedness entered into for purposes of leverage. The Fund may invest 100% of its Managed Assets in fixed income instruments and securities issued by foreign issuers, and up to 25% of its Managed Assets in fixed income instruments and securities of issuers in emerging markets. Such foreign instruments may be U.S. currency denominated or foreign currency denominated. Under normal market conditions the Fund’s investments will consist predominantly of high yield bonds and/or Secured Loans; however, the Fund’s investments in fixed income instruments also may include, to a lesser extent, debentures, notes, commercial paper, investment grade bonds, loans other than secured loans, including unsecured loans and mezzanine loans, and other similar types of debt instruments, as well as derivatives related to or referencing these types of securities and instruments. The Fund will not invest in collateralized loan obligations or collateralized debt obligations. The Fund will seek to dynamically adjust and hedge its duration depending on the market opportunities available. Under normal circumstances, the dollar-weighted average portfolio duration of the Fund will generally range between zero and seven years. The Fund is a non-diversified, closed-end management investment company. The price of the Fund’s shares will fluctuate with market conditions and other factors. Closed-end funds frequently trade at a discount from their net asset values (NAVs), which may increase an investor’s risk of loss. At the time of sale, shares may have a market price that is below NAV and may be worth less than the original investment upon their sale. The Fund’s investments in below investment grade securities (commonly referred to as “high yield securities” or “junk bonds”) may carry a greater risk of nonpayment of interest or principal than higher rated bonds. Loans (including loan assignments, loan participations and other loan instruments) carry other risks, including the risk of insolvency of the lending bank or other intermediary. Loans may be unsecured or not fully collateralized, may be subject to restrictions on resale and sometimes trade infrequently on the secondary market. About Macquarie Asset Management Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than $US534 billion in assets globally,1 we provide access to specialist investment expertise across a range of capabilities including infrastructure, green investments & renewables, real estate, agriculture & natural assets, asset finance, private credit, equities, fixed income and multi asset solutions. Advisory services are provided by Delaware Management Company, a series of Macquarie Investment Management Business Trust, a registered investment advisor. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs more than 18,000 people in 33 markets and is listed on the Australian Securities Exchange. For more information about Delaware Funds by Macquarie®, visit delawarefunds.com or call 800 523-1918. Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this press release is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this press release relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. 1 As of June 30, 2022 © 2022 Macquarie Management Holdings, Inc. Contacts InvestorsComputershare 866 437-0252 delawarefunds.com/closed-end Media contactLee Lubarsky 347 302-3000 Lee.Lubarsky@macquarie.com
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RiverNorth Closed-End Funds Declare Monthly Distributions
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--The RiverNorth closed-end funds (the “Funds”) have announced the declaration of monthly distributions for October, November and December 2022 in accordance with each Fund’s level distribution policy as detailed below. The following dates apply to the distribution declarations for RMI, RMM, RFM, RFMZ, RMMZ, OPP and RSF. Ex Date Record Date Payable Date October 13, 2022 October 14, 2022 October 31, 2022 November 14, 2022 November 15, 2022 November 30, 2022 December 14, 2022 December 15, 2022 December 30, 2022 Tax-Exempt Distributions1 Fund Name Ticker Distribution Per Share Change From Prior Distribution Net Asset Value (NAV) as of 9/30/2022 Annualized Current Distribution Rate at NAV Market Price as of 9/30/2022 Annualized Current Distribution Rate at Market RiverNorth Opportunistic Municipal Income Fund, Inc.1,2 RMI $0.1040 - $16.69 7.48% $15.60 8.00% RiverNorth Managed Duration Municipal Income Fund, Inc.1,3 RMM $0.0929 - $15.43 7.22% $14.62 7.63% RiverNorth Flexible Municipal Income Fund, Inc.1,4 RFM $0.1062 - $16.89 7.55% $15.55 8.20% RiverNorth Flexible Municipal Income Fund II, Inc.1,5 RFMZ $0.0928 - $14.82 7.51% $13.25 8.40% RiverNorth Managed Duration Municipal Income Fund II, Inc.1,6 RMMZ $0.1042 - $16.58 7.54% $15.33 8.16% Taxable Distributions Fund Name Ticker Distribution Per Share Change From Prior Distribution Net Asset Value (NAV) as of 9/30/2022 Annualized Current Distribution Rate at NAV Market Price as of 9/30/2022 Annualized Current Distribution Rate at Market RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.7 OPP $0.1478 - $10.14 17.49% $9.20 19.28% RiverNorth Specialty Finance Corporation8 RSF $0.1662 - $17.29 11.53% $17.18 11.61% The following dates apply to the distribution declarations for RIV. Ex Date Record Date Payable Date October 13, 2022 October 14, 2022 October 31, 2022 November 18, 2022 November 21, 2022 November 30, 2022 December 14, 2022 December 15, 2022 December 30, 2022 Taxable Distributions Fund Name Ticker Distribution Per Share Change From Prior Distribution Net Asset Value (NAV) as of 9/30/2022 Annualized Current Distribution Rate at NAV Market Price as of 9/30/2022 Annualized Current Distribution Rate at Market RiverNorth Opportunities Fund, Inc.9 RIV $0.1700 - $12.29 16.60% $12.18 16.75% RMI, RMM, RFM, RFMZ, RMMZ, OPP, RSF and RIV are closed-end funds. 1 Monthly distributions from RMI, RMM, RFM, RFMZ and RMMZ are expected to be generally exempt from regular U.S. federal income taxes, however, portions of these Funds’ distributions may (i) be subject to U.S. federal income tax, (ii) be includable in taxable income for purposes of the federal alternative minimum tax, or (iii) constitute a return of capital. Such distributions will also generally be subject to state and local taxes. RiverNorth does not provide tax advice; consult a professional tax advisor regarding your specific tax situation. 2 In accordance with its level distribution policy, RMI’s annual distribution rate has been set equal to 5.50% of the of the Fund’s NAV per common share as of the final trading day of the preceding calendar year. 3 In accordance with its level distribution policy, RMM’s annual distribution rate has been set equal to 5.50% of the of the Fund’s NAV per common share as of the final trading day of the preceding calendar year. 4 In accordance with its level distribution policy, RFM’s annual distribution rate has been set equal to 5.50% of the of the Fund’s NAV per common share as of the final trading day of the preceding calendar year. 5 In accordance with its level distribution policy, RFMZ’s annual distribution rate has been set equal to 5.50% of the of the Fund’s NAV per common share as of the final trading day of the preceding calendar year. 6 In accordance with its level distribution policy, RMMZ’s annual distribution rate has been set equal to 6.25% of the of the Fund’s initial public offering price. 7 In accordance with its level distribution policy, OPP’s annual distribution rate has been set equal to 12.50% of the average of the Fund’s NAV per common share reported on the final five trading days of the preceding calendar year. 8 In accordance with its level distribution policy, RSF’s annual distribution rate has been set equal to 10.00% of the of the Fund’s NAV per common share as of the final trading day of the preceding calendar year. 9 In accordance with its level distribution policy, RIV’s annual distribution rate has been set equal to 12.50% of the average of the Fund’s NAV per common share reported on the final five trading days of the preceding calendar year. Holders of each Fund’s common stock will receive the distribution under one of two options: 1. Receive additional full and fractional shares of the respective Fund’s common stock or, 2. Elect to receive cash for the distribution. Contact your broker-dealer where you hold the shares to confirm your distribution reinvestment election. With each distribution that does not consist solely of net investment income, the respective Fund will issue a notice to shareholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders 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 its full fiscal year and may be subject to changes based on tax regulations. Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes. Each Fund may at times distribute more than its net investment income and net realized capital gains; therefore, a portion of the distribution may result in a return of capital. A return of capital occurs when some or all of the money that shareholders invested in the Fund is paid back to them. A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio. In addition, in order to make the level of distributions called for under its plan, the Fund may have to sell its portfolio securities at a less than opportune time. About RiverNorth RiverNorth Capital Management, LLC is an investment management firm founded in 2000. With $5.3 billion10 in assets under management as of August 31, 2022, RiverNorth specializes in opportunistic investment strategies in niche markets where the potential to exploit inefficiencies is greatest. RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts. 10 Firm AUM reflects Managed Assets which includes the effects of leverage and investments in affiliated funds. Member Firm ALPS Distributors Inc. Chris Lakumb is a registered representative of ALPS Distributors, Inc. RiverNorth Capital Management, LLC is not affiliated with DoubleLine Capital LP, or ALPS Distributors, Inc. Marketing services provided by ALPS Distributors Inc. ALPS and RiverNorth are not affiliated. An investment in the Funds involves risk, including loss of principal. Investors should consider a Fund's investment objective, risks, charges and expenses carefully before investing. Each Fund’s prospectus and most recent periodic reports contain this and other important information about the respective Fund and may be obtained by visiting rivernorth.com/literature or by calling your financial professional or RiverNorth at 844.569.4750. Not FDIC Insured | May Lose Value | No Bank Guarantee RiverNorth® is a registered trademark of RiverNorth Capital Management, LLC. DoubleLine® is a registered trademark of DoubleLine Capital LP. ©2000-2022 RiverNorth Capital Management, LLC. All rights reserved. RMI000281 Contacts Investor ContactChris Lakumb, CFA, CAIA 312.445.2336 clakumb@rivernorth.com
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BankUnited, Inc. to Announce Third Quarter Results
MIAMI LAKES, Fla.--(BUSINESS WIRE)--BankUnited, Inc. (NYSE: BKU) announced today that financial results for the quarter ended September 30, 2022 will be made public in a news release on Thursday, October 20, 2022 prior to the market opening. A conference call to discuss quarterly results will be held at 9:00 a.m. ET that day with Chairman, President and Chief Executive Officer, Rajinder P. Singh, Chief Financial Officer, Leslie N. Lunak and Chief Operating Officer, Thomas M. Cornish. The earnings release and supplemental information will be available on BankUnited’s Investor Relations page prior to the call at https://ir.bankunited.com. The live webcast can be accessed via the Event Calendar section of the Investor Relations page at https://ir.bankunited.com/event-calendar. The Company suggests participants to sign in at least 15 minutes in advance of the call. To participate by telephone, participants will receive dial-in information and a unique PIN number upon completion of registration at https://register.vevent.com/register/BI4d0f0999272845dd996e3017ab4ea49a. For those unable to join the live event, an archived webcast will be available in the Investor Relations page at https://ir.bankunited.com approximately two hours following the live webcast. About BankUnited BankUnited, Inc. (NYSE: BKU), with total assets of $36.6 billion at June 30, 2022 is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida, New York metropolitan area and Dallas, Texas and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. BankUnited also offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.Official and on Twitter @BankUnited. Contacts BankUnited, Inc. Leslie Lunak 786-313-1698 LLunak@BankUnited.com
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Phibro Animal Health Corporation to Host Webcast and Conference Call on September 2022 Quarterly Financial Results
TEANECK, N.J.--(BUSINESS WIRE)--Phibro Animal Health Corporation (Nasdaq:PAHC) expects to announce its first quarter financial results on Wednesday, November 9, 2022, after the market closes. Phibro management will host a conference call and webcast on Thursday, November 10, 2022, at 9:00 AM Eastern Time. Interested parties are invited to listen to the conference call and view the presentation slides by visiting https://investors.pahc.com. The discussion will also be available by dialing +1 (888) 330-2022 in the U.S. and Canada, or +1 (365) 977-0051 for international callers. Provide the conference ID 3927884. A replay of the webcast will be available approximately two hours after the conclusion of the live event. To access the webcast recording, visit https://investors.pahc.com. About Phibro Animal Health Corporation Phibro Animal Health Corporation is a leading global diversified animal health and mineral nutrition company. We strive to be a trusted partner with livestock producers, farmers, veterinarians, and consumers who raise or care for farm and companion animals by providing solutions to help them maintain and enhance the health of their animals. For further information, please visit www.pahc.com. Our filings with the Securities and Exchange Commission are available online at www.sec.gov, www.pahc.com or on request from the company. Contacts Damian Finio Chief Financial Officer, Phibro Animal Health Corporation +1-201-329-7300 investor.relations@pahc.com
