Core Viewpoint - Canadian Life Companies Split Corp. is initiating an offering of Preferred Shares and Class A Shares, with the offering period ending on June 19, 2025, and expected closure around June 26, 2025, pending TSX approval [1][2]. Offering Details - The Preferred Shares will be priced at $10.55 each, yielding 6.64%, while the Class A Shares will be priced at $6.35 each, yielding 18.90% [2]. - The closing prices on June 17, 2025, were $10.71 for Preferred Shares and $6.39 for Class A Shares [2]. Dividend History - Since inception, the total dividends declared on Preferred Shares amount to $12.44 per share, and on Class A Shares, it is $9.15 per share, totaling $21.59 per unit [3]. Use of Proceeds - The net proceeds from the offering will be invested in a portfolio primarily consisting of four publicly traded Canadian life insurance companies: Great‐West Lifeco Inc., Industrial Alliance Insurance & Financial Services Inc., Manulife Financial Corporation, and Sun Life Financial Inc. [4]. Investment Objectives - For Preferred Shares, the objective is to provide fixed, cumulative preferential monthly cash dividends at a rate equal to the greater of 7.00% or Prime Rate plus 2% (capped at 9%) annually based on the $10.00 original issue price, with a return of the original issue price on or about December 1, 2030 [6]. - For Class A Shares, the objective is to provide regular monthly cash dividends as determined by the directors, with remaining amounts paid to Class A shareholders after Preferred shareholders are compensated on or about December 1, 2030 [6].

Core Insights - Jabil Inc. reported better-than-expected third-quarter results with adjusted earnings per share of $2.55, surpassing the analyst consensus estimate of $2.31, and quarterly sales of $7.83 billion, exceeding the consensus estimate of $7.06 billion [1] Financial Projections - For the fourth quarter, Jabil projects net revenues between $7.10 billion and $7.80 billion, compared to a consensus of $7.19 billion, and anticipates adjusted EPS of $2.64 to $3.04 against a consensus of $2.74 [2] - For fiscal 2025, Jabil expects revenues of $29.0 billion, above the consensus of $28.0 billion, and anticipates adjusted EPS of $9.33, exceeding the consensus of $8.97 [3] Stock Performance - Following the earnings announcement, Jabil shares rose by 4.1% to trade at $204.98 [3] Analyst Ratings and Price Targets - UBS analyst David Vogt maintained a Neutral rating and raised the price target from $157 to $208 [5] - JP Morgan analyst Samik Chatterjee maintained an Overweight rating and increased the price target from $180 to $214 [5] - Goldman Sachs analyst Mark Delaney maintained a Buy rating and raised the price target from $188 to $215 [5] - Raymond James analyst Melissa Fairbanks reiterated a Strong Buy rating and increased the price target from $170 to $230 [5]

PSE&G Continues to be Ready to Deliver Solutions to Address Supply-Demand ImbalanceNEWARK, N.J., June 18, 2025 /PRNewswire/ -- Public Service Electric and Gas Company (PSE&G) today announced the New Jersey Board of Public Utilities (BPU) approved PSE&G's proposal to provide all residential customers with a temporary credit that will offer relief on their summer electric bills. The credit will combat the significant electric supply price increase that is the result of PJM's capacity price auction. PSE&G's r ...

PALM BEACH GARDENS, FL, June 18, 2025 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels is proud to announce the issuance of a new United States patent, further strengthening the company’s expanding intellectual property portfolio. This latest patent brings the company’s total number of granted patents to seven, with an additional 25 patent applications pending. Together, they form a robust IP foundation that underscores Blue Biofuels’ commitment to safeguarding its pioneering biofuel tec ...

PHILADELPHIA, June 18, 2025 (GLOBE NEWSWIRE) -- Berger Montague PC advises investors that a securities class action lawsuit has been filed against Open Lending Corporation (“Open Lending” or the “Company”) (NASDAQ: LPRO) on behalf of purchasers of Open Lending securities between February 24, 2022 through March 31, 2025, inclusive (the “Class Period”). Investor Deadline: Investors who purchased or acquired Open Lending securities during the Class Period may, no later than JUNE 30, 2025, seek to be appointed ...

JPMorgan analyst Ella Smith initiated coverage on Q2 Holdings QTWO and nCino NCNO and assumed lead analyst coverage of Alkami Technology ALKT on Wednesday.Smith’s investment preferences have Alkami Technology as Overweight, Q2 Holdings as Overweight and nCino as Neutral.The analyst noted that the digital banking space is an attractive investment arena.  Also Read: Alkami Growth Accelerates With MANTL Deal, Boosts Digital Banking And Cross-Sell Potential: AnalystSmith said Alkami Technology and Q2 Holdings a ...

Key Takeaways NKE reported a double-digit Q3 decline in Jordan Brand's classic footwear franchises amid market saturation. NIKE is scaling back legacy lines while launching new styles like the Vomero 5 and Air Max Muse. NKE's growth strategy balances heritage icons with performance innovation to drive future momentum.NIKE, Inc.’s (NKE) Jordan Brand has long been a pillar of strength in its portfolio, driven by iconic designs, cultural cachet and a deeply loyal customer base. Even in challenging retail en ...

Microsoft is planning to cut thousands of jobs, particularly in sales, as part of a broader effort to streamline its workforce while ramping up investments in artificial intelligence, Bloomberg News reported Wednesday.The layoffs are expected to be announced early next month, following the end of the tech giant’s fiscal year, the report said, citing people familiar with the matter.Microsoft is reportedly planning to cut thousands of jobs, particularly in sales, as part of a broader effort to streamline its ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

At PropNotes, we focus on finding high-yield investment opportunities for individual investors.With our background in professional Prop Trading, we make complex concepts easy to understand and offer clear, actionable insights to help you achieve better returns.All of the analysis we produce is designed to help you make smart decisions in the market, backed by expert research you won't find anywhere else.Follow us today and take control of your portfolio.Analyst’s Disclosure:I/we have a beneficial long posit ...