DALLAS, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) will release its fourth quarter and fiscal year 2024 earnings after the close of the New York Stock Exchange on Wednesday, February 12, 2025. Following the release, the Company will host a live audio webcast and conference call at 4:30 pm Eastern Time (3:30 pm Central Time). To join the conference call, please register here: https://register.vevent.com/register/BI823ff804a3ee4809b6e9b55dcda1c3a0. After registering, you will b ...

VANCOUVER, British Columbia, Jan. 16, 2025 (GLOBE NEWSWIRE) -- VR Resources Ltd. (TSX.V: VRR, FSE: 5VR; OTCBB: VRRCF), the “Company”, or “VR”, is pleased to provide an update on exploration activities for its Empire project in northwestern Ontario. Upon the recent discovery of a polyphase and PGE-fertile mafic-ultramafic intrusion at the Westwood property, the Empire project and group of properties has been expanded to district-scale, as shown in Figure 1 below, in order to explore additional targets for Cu ...

Core Viewpoint - WEBs Investments Inc. and Westwood Holdings Group have launched the WEBs Defined Volatility ETF series, which aims to provide a stable investment experience by dynamically adjusting exposure to equity markets based on real-time volatility [1][2][3] Group 1: ETF Features and Strategy - The Defined Volatility ETFs track the Syntax Defined Volatility U.S. Large Cap 500 Index and the Syntax Defined Volatility Triple Qs Index, adjusting exposure to match a target risk level [2][13][14] - During low-volatility periods, the ETFs utilize total return swaps to amplify exposure, while in high-volatility periods, they shift towards cash and U.S. Treasuries to cushion against losses [2][3] - This adaptive strategy aims to smooth the investment journey and enhance risk-adjusted return potential for investors [2][3] Group 2: Management and Expertise - The Defined Volatility strategy was developed in 2023 by a team of ETF industry veterans with over a century of combined experience [4] - Ben Fulton, a pioneer in the ETF industry, previously grew Invesco's PowerShares ETF platform from $200 million to $80 billion [5] - The partnership between WEBs and Westwood combines innovative volatility management with established sales and distribution capabilities [6][7] Group 3: Investment Potential - The Defined Volatility ETFs offer uncapped upside potential to the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), allowing significant participation in market gains while providing stability during turbulent periods [3] - Unlike many option-based strategies, these ETFs aim to generate dividend income, adding another layer of potential value for investors [3] - The swap-based strategy employed by the ETFs is designed to enhance tax efficiency, avoiding substantial tax consequences typically associated with volatility-managed funds [3]

Core Points - Cumulus Media's Westwood One is launching a new nighttime Country music radio show titled "Country Nights Live with Bev Rainey," which will air live from Nashville starting December 31, 2024 [2][5] - The show will feature a five-hour format, broadcasting seven days a week from 7:00 PM to Midnight, showcasing top Country music stars and emerging talent [2][3] - Bev Rainey, an award-winning Country radio personality, will host the show, bringing her extensive experience and engaging storytelling to create an interactive listener experience [3][4] Company Overview - Cumulus Media is an audio-first media company that reaches over a quarter billion people monthly through 400 radio stations across 84 markets, offering a variety of programming including sports, news, and entertainment [7] - The company operates Westwood One, the largest audio network in America, providing nationally-syndicated content and a growing podcast network [7] - Cumulus Media emphasizes local programming and advertising performance guarantees, making it a unique player in the audio media landscape [7]

Westwood Holdings Group, Inc. Reports Third Quarter 2024 Results Firmwide Assets Under Management of $17.7 Billion (Highest Level in 6 years) Continued Innovation with WEBs Partnership to Expand ETF Platform Dallas, TX, October 30, 2024 – Westwood Holdings Group, Inc. (NYSE: WHG) today reported third quarter 2024 earnings. Significant items included: ▪ Investment strategies beating their primary benchmarks included Platinum, High Alpha, Dividend Select, Income Opportunity, Multi-Asset Income, Alternative In ...

Westwood has entered into a partnership with ETF veteran Ben Fulton to scale Westwood's ETF platform, offering investors and advisors new, highly innovative strategies Our new partnership called WEBs—"Westwood Engineered Beta"—will apply a proprietary strategy seeking to provide a more stable investment experience and better risk-adjusted returns to investors Westwood will form the partnership by investing in WEBs Investments Inc. and will provide distribution resources and administrative support, with an o ...

Core Viewpoint - Westwood Holdings Group (WHG) announced monthly income distributions for its ETFs, Westwood Salient Enhanced Midstream Income ETF (MDST) and Westwood Salient Enhanced Energy Income ETF (WEEI), both providing double-digit income to investors [1][2]. ETF Overview - MDST, launched on April 8, 2024, has surpassed $50 million in assets under management (AUM) and focuses on midstream energy companies, targeting significant monthly income through dividends and options premiums [3][4]. - WEEI, launched on April 30, 2024, has $14 million in net assets and offers broad exposure to various energy sectors, also utilizing dividends and options premiums for income generation [4]. Income Distribution Details - Both MDST and WEEI have a distribution per share of $0.225, with annualized distribution rates of 10.5% for MDST and 11.5% for WEEI [2][7]. - The current month's distribution is noted as a 100% return of capital, indicating that distributions may include ordinary dividends, capital gains, and return of investor capital [8]. Performance Metrics - As of June 30, 2024, MDST reported a quarter-to-date (QTD) net asset value (NAV) return of 3.52% since inception, while WEEI reported a NAV return of -0.76% [5]. - The expense ratios for MDST and WEEI are 0.80% and 0.85%, respectively, with subsidized 30-day yields of 4.74% for MDST and 2.42% for WEEI [5][6]. Company Background - Westwood Holdings Group, founded in 1983, is a focused investment management boutique offering a range of investment solutions, including ETFs, to institutional investors and private wealth clients [10][11].

2024 Season Coverage Kicks Off September 5 when the Defending Super Bowl Champion Kansas City Chiefs host the Baltimore Ravens Includes First Ever NFL Game to be Played in São Paulo, Brazil, between the Philadelphia Eagles and the Green Bay Packers on September 6 Westwood One's NFL Primetime Game Broadcasts Available to Fans on Westwoodonesports.com, Affiliated Stations' Primary Digital Platforms, NFL+ and the NFL App NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One, ...

NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Cumulus Media's (NASDAQ: CMLS) Westwood One, the largest audio network in the U.S., will present national audio coverage of the 2024 college football season. Highlighting Westwood One's schedule of 16 regular season games will be matchups with top-20 teams including the University of Georgia, The Ohio State University, The University of Texas, the University of Oregon, the University of Mississippi (Ole Miss), The University of Alabama, the University of Missouri, ...

Financial Data and Key Metrics Changes - Total revenues for Q2 2024 were $22.7 million, unchanged from Q1 2024 and up from $21.9 million in Q2 2023 [23] - The comprehensive loss for Q2 2024 was $2.2 million or $0.27 per share, compared to income of $2.3 million or $0.27 per share in Q1 2024 and income of $2.9 million or $0.36 per share in Q2 2023 [24] - Firm-wide assets under management and advisement totaled $16.8 billion, with $15.8 billion in assets under management and $1 billion in assets under advisement [25] Business Line Data and Key Metrics Changes - The wealth management business experienced net outflows of $89 million, with a third attributed to expected tax payments and required minimum distributions [8] - Institutional and intermediary distribution channels had net outflows of $193 million, with $100 million coming from a 25-year institutional client rebalancing from equities to fixed income [9] - The MLP and Energy Infrastructure strategy showed improvement in performance and peer rankings, with positive net inflows reported in mutual funds [10][11] Market Data and Key Metrics Changes - The S&P 500 rose, but returns were concentrated among a few mega-cap growth stocks, leading to performance disparity [5] - The Russell 1000 Growth Index gained 8.3%, while the Russell 2000 Value Index declined 3.6% [5] - Market depreciation of $51 million affected assets under management, alongside net outflows of $0.3 billion [25] Company Strategy and Development Direction - The company is focusing on expanding its ETF offerings and has made a strategic hire to lead ETF sales and distribution [15][27] - Plans to launch managed investment solutions capability are underway, with a robust pipeline of new business exceeding $1 billion [10][31] - The investment in the Texas Stock Exchange is seen as a strategic move to capitalize on the growing Texas economy and potential synergies [17][28] Management's Comments on Operating Environment and Future Outlook - The current market presents challenges but also opportunities, particularly in the energy sector, which is expected to enter a secular bull market [20] - Management expressed confidence in the future, highlighting the importance of high-quality investments and the potential for growth in SmallCap and SMidCap strategies [19][12] - The company is optimistic about the upcoming launch of new products and the expansion of its investment strategies [18][31] Other Important Information - The company returned approximately $1.1 million to shareholders through a share repurchase program, buying back 86,000 shares [19] - A regular cash dividend of $0.15 per common share was approved, payable on October 1, 2024 [26] Q&A Session Summary Question: Future ETF Strategy - The company plans to expand its ETF offerings and is considering converting existing products into ETFs, with a focus on monthly income and attractive yields [27] Question: Texas Stock Exchange Investment - The investment in the Texas Stock Exchange is viewed as a long-term opportunity for capital appreciation and potential marketing synergies due to the growing Texas economy [28]