MIAMI BEACH, FLA., June 18, 2025 (GLOBE NEWSWIRE) -- The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund’s Stockholders have approved the Fund’s conversion from its current investment strategy to focus on a “CLO Equity Strategy”. The approval was voted for at a Special Meeting of Stockholders held on June 17, 2025, with approximately 96% of the votes cast in favor of the changes. With this change, the Fund’s primary investment objective will change to a total re ...

Core Insights - Peregrine is a new luxury mid-rise apartment community in Irving, Texas, featuring 364 residences with various floor plans [1][3] - The community offers high-quality finishes and upscale amenities, aligning with the expectations of renters in the Dallas-Fort Worth area [3][6] - Peregrine is part of Toll Brothers Apartment Living's expansion in Texas, marking the sixth multifamily community opened in the state within the past year [9] Company Overview - Toll Brothers Apartment Living is the rental subsidiary of Toll Brothers, Inc., recognized as the nation's leading builder of luxury homes [10] - The company has been acknowledged in the National Multifamily Housing Council's Top 25 Largest Developers list for five consecutive years, with over 10,000 units completed nationally [10] - Toll Brothers operates in over 60 markets across 24 states, providing a range of residential options for various buyer demographics [12] Amenities and Features - Peregrine includes designer finishes such as quartz countertops, stainless steel appliances, and smart home technology [3][5] - Residents have access to a hospitality-inspired lobby, a two-story fitness center, a rooftop lounge, and a resort-style pool [5][6] - Additional amenities include a coworking suite, a dog park, and dedicated bike storage [5][6] Location and Accessibility - The community is strategically located near major employment centers in Dallas and Fort Worth, with easy access to Dallas Fort Worth International Airport [9] - Residents can enjoy nearby parks and outdoor recreation areas, enhancing the appeal of the location [8][9]

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].

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 ...

Core Viewpoint - Lavoro Limited's subsidiary, Lavoro Brazil, has reached an out-of-court restructuring agreement with key suppliers to extend payment terms and secure multi-year product supply, aiming to mitigate supply chain disruptions and enhance operational efficiency [1][2][3]. Group 1: Restructuring Agreement - The agreement with suppliers includes BASF, FMC Agrícola, UPL Brasil, EuroChem, and Ourofino, and aims to support Lavoro Brazil's reorganization plan [3]. - The restructuring plan, known as the EJ Plan, will be binding upon court approval and is designed to ensure broad-based effectiveness across all eligible suppliers [2][4]. - The EJ Plan restructures approximately R$2.5 billion in trade payables owed to suppliers, categorizing them into different creditor classes with tailored repayment obligations [10][11]. Group 2: Financial Impact - Preliminary unaudited consolidated revenue for 2Q25 was R$2.25 billion, a decrease of 27% year-over-year, primarily due to inventory shortages [7][22]. - Preliminary unaudited gross profit for 2Q25 decreased by 28% to R$366.9 million, with gross margins contracting to 16.3% [22]. - The Brazil Ag Retail segment saw a 30% decline in revenue to R$1.84 billion in 2Q25, attributed to product availability constraints [22]. Group 3: Market Context - The 2023/24 crop year in Brazil faced challenges such as falling commodity prices, declining farmer profitability, and severe droughts, impacting Lavoro Brazil's operations [6]. - Despite these challenges, Lavoro Brazil gained market share and is positioned to benefit from signs of market stabilization entering FY25 [6]. Group 4: Future Outlook - The EJ Plan aims to standardize inventory supply and financing terms, ensuring reliable product availability and mitigating risks from future credit condition changes [5][9]. - Management has withdrawn its fiscal 2025 guidance due to the complexities associated with the EJ Plan [14].

Group 1 - Alaris Equity Partners Income Trust has declared a trust distribution of $0.34 per trust unit for Q2 2025, which annualizes to $1.36 per unit [1] - The distribution is scheduled to be paid on July 15, 2025, to unitholders of record on June 30, 2025 [1] Group 2 - Alaris invests in a diversified group of private businesses primarily through structured equity, aiming to deliver stable and predictable returns to unitholders [2] - The strategy includes common equity positions to align returns with the founders of Private Company Partners [2]

Core Viewpoint - Verizon Communications Inc. has announced the pricing terms for two related transactions involving the repurchase of 10 series of its outstanding notes through Exchange Offers and Cash Offers [1][2]. Exchange Offers - The Exchange Offers consist of 10 separate private offers to exchange outstanding series of notes for newly issued debt securities, referred to as New Notes [3][4]. - The Exchange Offers will expire at 5:00 p.m. (Eastern time) on June 18, 2025, with a settlement date expected on June 25, 2025 [4][9]. - Eligible holders must complete an Eligibility Letter to participate, certifying their status as either a qualified institutional buyer or a non-U.S. qualified offeree [3][4]. - The Total Exchange Price for each series of Old Notes will be based on the fixed spread and yield of the specified Reference U.S. Treasury Security as of the Price Determination Date [11][12]. - Verizon will accept Old Notes for exchange using a "waterfall" methodology, subject to a maximum aggregate principal amount of New Notes capped at $2.5 billion [10][12]. Cash Offers - The Cash Offers consist of 10 separate offers to purchase Old Notes for cash, available only to holders who are not Exchange Offer Eligible Holders [22][23]. - Similar to the Exchange Offers, the Cash Offers will expire at 5:00 p.m. (Eastern time) on June 18, 2025, with a settlement date expected on June 25, 2025 [24][29]. - The Total Consideration for each series of Old Notes will be determined based on the yield corresponding to the bid side price of the applicable Reference U.S. Treasury Security [25][31]. - Verizon's obligation to complete a Cash Offer is conditioned on the Maximum Total Consideration Amount not exceeding $300 million [34][35]. New Notes - The New Notes will mature on July 2, 2037, with a coupon rate of 5.401% based on the Reference U.S. Treasury Security [14][15]. - Verizon will not complete the Exchange Offers if the aggregate principal amount of New Notes issued would be less than $750 million [15][16]. Additional Information - Global Bondholder Services Corporation is acting as the Information Agent and Exchange Agent for the Exchange Offers, and as the Tender Agent for the Cash Offers [21][39]. - Holders are advised to check with their intermediaries regarding submission deadlines for participation in the Offers [41].

MORRISTOWN, N.J., June 18, 2025 (GLOBE NEWSWIRE) -- via IBN – Authentic Holdings, Inc. (OTC PINK: AHRO) today announced a landmark licensing agreement between one of its wholly-owned subsidiaries, Maybacks Global Entertainment, LLC, https://www.maybackstv.com/ and Swerve TV https://swerve.tv/ which has been validated by a highly successful inaugural live broadcast. The partnership's first event, a live stream of the legendary "Ring of Combat" promotion from the Tropicana in Atlantic City this past Friday J ...

Core Points - Hoth Therapeutics, Inc. has regained full compliance with Nasdaq's minimum bid price requirement, closing at or above $1.00 for 10 consecutive trading sessions from June 4 to June 17, 2025 [1][2] - The CEO of Hoth Therapeutics, Robb Knie, stated that regaining compliance is a significant milestone that reflects growing market confidence in the company's strategy and pipeline [3] - The company is strategically focused on delivering key milestones across multiple therapeutic areas, including inflammatory diseases, oncology, and rare diseases [3] Company Overview - Hoth Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing innovative therapies for patients with unmet medical needs, targeting rare diseases, inflammatory skin disorders, cancer, and neurological conditions [4]

Core Viewpoint - ArcelorMittal has completed the acquisition of Nippon Steel Corporation's 50% equity stake in AM/NS Calvert, gaining full ownership of the facility, which is a significant step in enhancing its presence in the U.S. steel market [1][5][11] Acquisition Details - The acquisition was finalized in accordance with the Equity Purchase Agreement signed on October 11, 2024, with ArcelorMittal already holding the remaining 50% stake [1] - The facility, now named ArcelorMittal Calvert, was originally acquired in 2014 for $1.55 billion and has undergone over $2 billion in capital expenditures since then to improve efficiency and product offerings [2][11] Facility Capabilities - ArcelorMittal Calvert has an annual flat rolled steel capacity of 5.3 million metric tonnes and is recognized as one of the most advanced steel finishing facilities in North America [2] - The facility includes a new state-of-the-art steelmaking facility capable of producing 1.5 million metric tonnes of low CO2 steel annually, which will support automotive customers [2][3] Strategic Investments - A new seven-year domestic slab supply agreement with NSC has commenced, averaging 750,000 metric tonnes per year, ensuring a significant portion of slab requirements are met domestically [2] - The company plans to invest $1.2 billion to construct a non-grain-oriented electrical steel manufacturing facility at the Calvert site, expected to produce up to 150,000 metric tonnes annually [4][11] Financial Implications - In FY 2024, AM/NS Calvert generated EBITDA of $614 million, with approximately 60% reflected in ArcelorMittal Group EBITDA [11] - Following the acquisition, ArcelorMittal's net debt is expected to increase by approximately $1.3 billion, with an exceptional gain of about $1.5 billion anticipated in its 2Q 2025 results [11] Future Outlook - The company aims to establish a manufacturing center of excellence at Calvert, focusing on safety and expanding its product portfolio to meet growing automotive mobility demands [10][11] - The facility is positioned to play a pivotal role in supporting the U.S. steel industry's revitalization and addressing critical market needs [11]