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Monument Mining Limited Recognized as Top 50 TSX Venture Company
Globenewswire· 2026-02-18 21:43
VANCOUVER, British Columbia, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce it has been recognized as one of the top-performing companies on the TSX Venture Exchange (“TSXV”) for 2025 and has earned a place on the 2026 TSX Venture 50™ list (President and CEO Cathy Zhai’s presentation for TSX Venture 50™ at: https://monumentmining.com/videos/). Cathy Zhai, President and CEO of Monument, commented: “We are proud to be h ...
Iris Acquisition Corp II Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing February 24, 2026
Globenewswire· 2026-02-18 21:40
Core Points - Iris Acquisition Corp II announced that starting February 24, 2026, holders of units from its initial public offering can separately trade Class A ordinary shares and warrants [1][2] - The Class A ordinary shares will trade under the symbol "IRAB" and the warrants under "IRAB WS" on the New York Stock Exchange [2] - The company is a blank check company formed for the purpose of engaging in business combinations, but has not yet selected a specific target [4] Company Overview - Iris Acquisition Corp II is incorporated as a Cayman Islands exempted company and aims to enter into mergers, amalgamations, share exchanges, asset acquisitions, or similar business combinations [4] - The management team includes Sumit Mehta (CEO), Rohit Nanani (Chairman), Lisha Parmar (CFO), and Omkar Halady (VP and Secretary), along with board members Manish Shah, Janine Yorio, Allen Wang, and Robert Henry [4] IPO Details - A registration statement for the securities was declared effective on January 30, 2026 [3] - Holders wishing to separate their units into Class A ordinary shares and warrants must contact Odyssey Transfer & Trust Company, the transfer agent [2]
Regency Centers Prices $450 Million Senior Unsecured Notes Offering
Globenewswire· 2026-02-18 21:38
Group 1 - Regency Centers Corporation announced a $450 million public offering of senior unsecured notes due 2033 with a coupon of 4.50% [1] - The notes will mature on March 15, 2033, and were issued at 99.376% of par value, with interest payable semiannually starting September 15, 2026 [1][2] - The net proceeds will be used to reduce the outstanding balance on its line of credit, repay $100 million of 3.81% notes due May 11, 2026, and for general corporate purposes [2] Group 2 - The offering is managed by BofA Securities, J.P. Morgan, and several other financial institutions acting as joint book-running managers [3] - Regency Centers is a qualified real estate investment trust (REIT) that operates as a fully integrated real estate company, focusing on shopping centers in suburban areas [7]
OR Royalties Declares First Quarter 2026 Dividend
Globenewswire· 2026-02-18 21:34
Core Viewpoint - OR Royalties Inc. has announced a first quarter 2026 dividend of US$0.055 per common share, payable on April 15, 2026, to shareholders of record as of March 31, 2026 [1] Dividend Information - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] - For Canadian shareholders, the equivalent amount in Canadian dollars will be determined based on the daily rate published by the Bank of Canada on March 31, 2026 [2] Shareholder Participation - Non-registered beneficial shareholders must submit a new enrolment form to continue participating in the Company's dividend reinvestment plan (the "Plan") following a name change and new CUSIP number effective May 8, 2025 [3] - Shareholders interested in the Plan should contact their financial advisor or institution for enrolment details and deadlines [4] Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, including Canada, the United States, and Australia [7] - The company has grown from a single producing asset in June 2014 to a portfolio of over 195 royalties, streams, and similar interests, anchored by a 3-5% net smelter return royalty on Agnico Eagle Mines Ltd.'s Canadian Malartic Complex, one of the largest gold mines globally [7]
Averin Capital Acquisition Corp. Announces the Pricing of $250,000,000 Initial Public Offering
Globenewswire· 2026-02-18 21:33
Company Overview - Averin Capital Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily focusing on opportunities in the technology and health industries [2]. IPO Details - The company announced the pricing of its initial public offering (IPO) of 25,000,000 units at a price of $10.00 per unit, with units expected to be listed on the Nasdaq Global Market under the ticker symbol "ACAAU" starting February 19, 2026 [1]. - Each unit consists of one Class A ordinary share and one-sixth of one redeemable warrant, with each whole warrant allowing the holder to purchase one Class A ordinary share at a price of $11.50 per share [1]. - An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering, which is expected to close on February 20, 2026, subject to customary closing conditions [1]. - The underwriters have been granted a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments [1]. Management Team - The management team is led by David A. Berry as Chairman and Chief Executive Officer, and Alex Lau as Chief Financial Officer and Secretary. The Board of Directors includes Ulrik Schulze, Graeme Bell, and Mary T. Szela [3]. Underwriting - Deutsche Bank Securities Inc. is acting as the sole book-running manager for the offering [3]. Regulatory Information - A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (SEC) and became effective on February 18, 2026 [5]. - The offering is being made only by means of a prospectus, which can be obtained from Deutsche Bank Securities Inc. or accessed via the SEC's website [4].
OR Royalties Reports Record 2025 Results and Provides 2026 GEO Delivery Guidance and New 5-Year Outlook
Globenewswire· 2026-02-18 21:31
Core Insights - OR Royalties Inc. reported record annual revenues of $277.4 million and record operating cash flows of $245.6 million for the year-end 2025, marking significant growth compared to previous years [1][5]. Financial Highlights - The company earned 80,775 gold equivalent ounces (GEOs) in 2025, slightly up from 80,740 GEOs in 2024 [5]. - Revenues from royalties and streams reached $277.4 million, a 45% increase from $191.2 million in 2024 [5]. - Operating cash flows increased to $245.6 million, up from $159.9 million in 2024 [5]. - The cash margin was recorded at $268.3 million or 96.7%, compared to $184.4 million or 96.5% in 2024 [5]. - Net earnings were $206.1 million, translating to $1.10 per basic share, a significant rise from $16.3 million or $0.09 per basic share in 2024 [5]. - Adjusted earnings were $165.5 million, or $0.88 per basic share, compared to $97.3 million or $0.52 per basic share in 2024 [5]. Operational Developments - The company is now debt-free after fully repaying its revolving credit facility, with net repayments totaling $94.9 million in 2025 [5]. - A total of 1.1 million common shares were purchased for cancellation at a cost of $36.7 million [5]. - As of December 31, 2025, the cash balance stood at $142.1 million [5]. Strategic Acquisitions - OR Royalties International Ltd. acquired a 100% silver stream on Orla Mining Ltd.'s South Railroad project for $13.0 million [5]. - The company also acquired a 1.5% net smelter return (NSR) royalty from Japan Gold Corp. for $5.0 million [5]. - A basket of royalties across various projects in British Columbia was acquired from Sable Resources Ltd. for C$3.8 million ($2.8 million) [5]. Future Guidance - For 2026, OR Royalties expects GEOs earned to range between 80,000 to 90,000 with an average cash margin of approximately 97% [7]. - The guidance assumes ramp-ups at the Dalgaranga and San Gabriel mines, as well as increased payments from the Namdini mine [8]. - The 5-year outlook anticipates generating between 120,000 and 135,000 GEOs by 2030, factoring in new production from various projects [10]. Management Commentary - The President & CEO highlighted 2025 as a landmark year, emphasizing the company's financial flexibility and growth potential, with expectations of 50% GEO growth by 2030 [14].
Host Hotels & Resorts, Inc. Reports Results for 2025
Globenewswire· 2026-02-18 21:30
Core Insights - Host Hotels & Resorts, Inc. reported a full year comparable hotel Total RevPAR growth of 4.2% and a comparable hotel RevPAR growth of 3.8% for 2025, driven by increased transient demand and improvements in food and beverage revenues [1][5] - The company completed two asset sales in 2025 and has four additional assets sold or under contract in early 2026, indicating a strategic focus on capital allocation [1][4] - For 2026, the company provided guidance for comparable hotel Total RevPAR growth in the range of 2.5% to 4.0% [1][17] Financial Performance - Total revenues for the fourth quarter of 2025 were $1.603 billion, a 12.3% increase from $1.428 billion in the fourth quarter of 2024, and full year revenues reached $6.114 billion, up 7.6% from $5.684 billion [3][27] - Net income for the fourth quarter was $137 million, a 25.7% increase compared to $109 million in the same quarter of 2024, while full year net income was $776 million, up 9.8% from $707 million [3][5] - The company reported a diluted earnings per common share of $0.20 for the fourth quarter and $1.10 for the full year, reflecting increases of 33.3% and 11.1% respectively compared to the previous year [3][29] Asset Management and Capital Allocation - In 2025, the company sold $1.4 billion of real estate across five properties and reinvested $644 million in capital expenditures and resiliency investments [4][5] - The company returned $859 million to shareholders through dividends and share repurchases, demonstrating a commitment to shareholder value [4][5] - The company has a robust balance sheet with total assets of $13.0 billion and a debt balance of $5.1 billion, maintaining a balanced maturity schedule [9][13] Operational Highlights - Comparable hotel Total RevPAR for the fourth quarter of 2025 was $380.71, a 5.4% increase from the same period in 2024, driven by improvements in room revenues and ancillary spending [3][13] - The company’s comparable hotel EBITDA for the fourth quarter was $411 million, a 4.1% increase year-over-year, while the comparable hotel EBITDA margin declined slightly to 28.0% [3][13] - The company’s customer mix for 2025 included approximately 61% transient, 34% group, and 5% contract business, with group room nights down year-over-year due to planned renovations [11][12] 2026 Outlook - The company anticipates stable operating conditions in 2026, with guidance for comparable hotel Total RevPAR growth between $382 and $388, and net income expected to range from $836 million to $891 million [15][17] - The guidance reflects a modest improvement in short-term group booking trends and continued strength in leisure transient demand, bolstered by events such as the FIFA World Cup [15][16] - The company expects to maintain its investment-grade balance sheet and significant liquidity to capitalize on future opportunities [4][15]
Main Street Financial Services, Corp. Announces Opening of Full-Service Branch in Canfield, Ohio
Globenewswire· 2026-02-18 21:30
Core Insights - Main Street Financial Services, Corp. is set to open a new full-service banking branch in Canfield, Ohio, enhancing its presence in the region [1][2] - The new branch will support the existing loan production office and provide a comprehensive range of consumer and commercial banking products and services [1][2] - The branch aims to strengthen customer relationships by offering personalized banking solutions tailored to individual and business needs [3] Company Overview - Main Street Bank operates as a wholly owned subsidiary of Main Street Financial Services, Corp., with a total of twenty-one full-service banking locations across north central Ohio and West Virginia [4]
Host Hotels & Resorts Announces Sale of the Four Seasons Resort Orlando at Walt Disney World® Resort and the Four Seasons Resort and Residences Jackson Hole
Globenewswire· 2026-02-18 21:30
Core Viewpoint - Host Hotels & Resorts, Inc. has successfully sold two luxury properties for a total of $1.1 billion, reflecting a strong capital allocation strategy and significant returns on investment [1][2]. Group 1: Sale Details - The company sold the 444-room Four Seasons Resort Orlando and the 125-room Four Seasons Resort and Residences Jackson Hole for $1.1 billion, having acquired them for $925 million [1]. - The sale price represents a 14.9x EBITDA multiple on trailing twelve-month EBITDA, including approximately $88 million of estimated foregone capital expenditures over the next five years [1]. - The combined investment yielded an 11.0% unlevered internal rate of return (IRR) over the ownership period, factoring in $58 million of capital expenditures and transaction costs that negatively impacted the IRR by approximately 170 basis points [1][2]. Group 2: Financial Strategy - The CEO emphasized that the sale is a key step in advancing the company's capital allocation strategy, highlighting the attractive profit and accretive multiple achieved [2]. - Proceeds from the sale will enhance the company's balance sheet, providing financial flexibility to pursue high-return opportunities and return capital to shareholders through dividends and share repurchases [2]. - The company has disposed of approximately $6.4 billion of hotels since 2018 at a blended 16.7x EBITDA multiple, which is favorable compared to $4.9 billion of acquisitions at a blended 13.6x EBITDA multiple [4]. Group 3: Recent Transactions - In January 2026, the company also completed the sale of the 232-room St. Regis Houston for $51 million, representing a 25.0x EBITDA multiple on trailing twelve-month EBITDA [3]. - The sale of the St. Regis Houston adds to the company's strategic disposition efforts, further solidifying its competitive position in the market [3].
Teladoc Health Appoints Michael Smith, Experienced Insurance and Financial Services Executive, to Its Board of Directors
Globenewswire· 2026-02-18 21:30
Core Insights - Teladoc Health has appointed Michael Smith to its board of directors, bringing over three decades of leadership experience in financial management and strategic transformation [1][2] - Smith's expertise in enterprise transformations is expected to enhance Teladoc's strategic focus for long-term growth as the company continues to scale and innovate [2] - Teladoc Health will release its fourth quarter 2025 results on February 25, 2026, followed by a conference call to discuss the results [3] Company Overview - Teladoc Health is recognized as the global leader in virtual care, facilitating care delivery across various stakeholders including patients, care providers, and health systems [4] - The company aims to improve access to care, drive better health outcomes, extend provider capacity, and reduce costs through its innovative virtual care solutions [4]