Maui Land & Pineapple pany(MLP)

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Millennial Announces Closing of First Tranche of Private Placement for Proceeds of $1,481,000
Newsfile· 2024-06-18 20:31
. West Vancouver, British Columbia--(Newsfile Corp. - June 18, 2024) - Millennial Potash Corp. (TSXV: MLP) (OTCQB: MLPNF) (FSE: X0D) ("MLP", "Millennial" or the "Company") is pleased to announce that it has closed the first tranche of its private placement (the "Private Placement"). The Shares are subject to a four month hold period expiring on October 19, 2024. "Farhad Abasov" Chair of the Board of Directors . June 18, 2024 4:31 PM EDT | Source: Millennial Potash Corp. Commissions on the Private Placement ...
3 Refining & Marketing MLP Stocks That Are Worth a Look
ZACKS· 2024-06-14 13:00
In recent quarters, fuel margins for companies in the Zacks Oil and Gas - Refining & Marketing MLP industry have generally declined, falling well below the exceptional profitability achieved in 2022. While robust consumption and light product inventories should continue to support the sector, most operators see a subdued margin environment for the rest of 2024. Additionally, rising costs due to persistent inflation are eroding profits. Nevertheless, the defensive nature of these stocks and their fee-based b ...
Millennial Potash Files Preliminary Economic Assessment Technical Report for its Banio Potash Project
Newsfile· 2024-06-06 12:00
. June 06, 2024 8:00 AM EDT | Source: Millennial Potash Corp. The information in this news release has been reviewed and approved by Liz de Klerk of Micon and Peter J. MacLean, Ph.D., P. Geo, Director of the Company, and both are Qualified Persons as that term is defined in National Instrument 43-101. MILLENNIAL POTASH CORP. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or ac ...
First Trust MLP CEF Merger Closes, Now EIPI ETF
seekingalpha.com· 2024-05-21 12:00
Core Viewpoint - The merger of several First Trust closed-end funds into the FT Energy Income Partners Enhanced Income ETF (EIPI) was completed on May 6, 2024, driven by activist investor Saba Capital, resulting in a shift from closed-end funds to an ETF structure, which provides liquidity but also allows for rapid capital outflows [1][3][4]. Group 1: Merger Details - The merger involved the First Trust Energy Income and Growth Fund (FEN), First Trust MLP and Energy Income Fund (FEI), First Trust New Opportunities MLP & Energy Fund (FPL), and First Trust Energy Infrastructure Fund (FIF) [1]. - The assets and liabilities of the Target Funds were acquired in tax-free transactions, with shares converted to newly-issued shares of EIPI based on the net asset values as of May 3, 2024 [2]. - The exchange ratios for the conversion of shares were specified, with FEN at 0.880285, FEI at 0.541658, FPL at 0.428077, and FIF at 1 [5]. Group 2: Impact on Shareholders - The conversion to an ETF structure allowed CEF shareholders to access liquidity at net asset value (NAV), as the CEFs had previously traded at a -10% discount [4]. - Following the merger, EIPI experienced a rapid loss of approximately 15% of its assets under management (AUM), equating to around $200 million, as former CEF holders cashed out [4]. - The ETF structure is expected to reduce significant premium/discount variations that were characteristic of the former CEFs [13]. Group 3: Fund Management and Strategy - EIPI's top holdings include major companies such as Enterprise Products Partners (8.20%), Energy Transfer (5.94%), and ONEOK (5.03%), reflecting a focus on oil, gas, and consumable fuels [10]. - EIPI employs an options income strategy aimed at enhancing returns in flat or declining markets while sacrificing some upside in strongly advancing markets [11]. - The ETF has declared a monthly distribution of $0.125, which annualized represents a distribution yield of 7.93% [12]. Group 4: Future Outlook - EIPI charges an expense ratio of 1.10%, which is a consideration for potential investors [15]. - The merger signifies a strategic shift for First Trust, indicating a potential withdrawal from the closed-end fund business as other CEFs are also being folded into different brands [6].
ALERIAN MLP ETF TAX UPDATE
prnewswire.com· 2024-05-16 00:44
DENVER, May 15, 2024 /PRNewswire/ -- Alerian MLP ETF (the "Fund" or "AMLP") has modified the estimate of the Fund's deferred tax liability based on information reported by the Master Limited Partnerships (MLPs) and recorded an additional tax accrual of approximately $32.1 million (approximately $0.18 per share) into the net asset value (NAV) of the Fund on May 16, 2024. As part of the additional tax accrual, the Fund's deferred tax liability (DTL) has increased due to tax reporting received from the underly ...
Maui Land & Pineapple pany(MLP) - 2024 Q1 - Quarterly Results
2024-05-13 20:51
Exhibit 99.1 Maui Land & Pineapple Company Reports Fiscal 2024 First Quarter Results Annual Meeting and Shareholder Presentation to be held virtually on May 15, 2024 at 10:00 a.m. HST KAPALUA, Hawai'i / May 13, 2024 (BusinessWire) – Maui Land & Pineapple Company, Inc. (NYSE: MLP) today reported financial results covering the three month period ended March 31, 2024. The company's annual meeting and shareholder presentation will be held virtually on May 15, 2024 at 10:00 a.m. Hawaii Standard Time, via meeting ...
Maui Land & Pineapple Company Reports Fiscal 2024 First Quarter Results
Newsfilter· 2024-05-13 20:50
KAPALUA, Hawaii, May 13, 2024 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE:MLP) today reported financial results covering the three month period ended March 31, 2024. The company's annual meeting and shareholder presentation will be held virtually on May 15, 2024 at 10:00 a.m. Hawaii Standard Time, via meeting link posted on mauiland.com/investors. "Maui Land & Pineapple Company's renewed mission to maximize the productive use of our diverse portfolio of land and commercial properties is st ...
Maui Land & Pineapple pany(MLP) - 2024 Q1 - Quarterly Report
2024-05-13 20:45
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-06510 MAUI LAND & PINEAPPLE COMPANY, INC. (Exact name of registrant as specified in its charter) (State or other jurisd ...
Maui Land & Pineapple pany(MLP) - 2023 Q4 - Annual Results
2024-03-28 20:28
Exhibit 99.1 Maui Land & Pineapple Company Reports Fiscal 2023 Results Fiscal 2023 Highlights "As expected, the company had reduced revenues from land sales, which were paused as we identified opportunities to unlock the potential of the company's developable land to create value for shareholders and meet current and future community needs," said Randle. "MLP was also intensely focused on assisting in the aftermath of the August 2023 wildfires, and while MLP's assets were not directly affected, the fires re ...
Maui Land & Pineapple pany(MLP) - 2023 Q4 - Annual Report
2024-03-28 20:23
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Commission file number: 001-06510 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 (Exact name of registrant as specified in its charter) Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware (State or other jurisdiction of incorporation or organization) MAUI LAND & PINEAPPLE COM ...