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Dividend 15 Split Corp. At-The-Market Equity Program Renewed
Globenewswire· 2025-11-27 14:00
Core Viewpoint - Dividend 15 Split Corp. has renewed its at-the-market equity program, allowing the issuance of shares until October 6, 2026, with a maximum gross proceeds of $600 million [1][2]. Group 1: ATM Program Details - The renewed ATM Program replaces the previous program that ended in September 2024 and allows the Company to issue Class A Shares and Preferred Shares at prevailing market prices [1][2]. - Sales will occur through the Toronto Stock Exchange or other Canadian marketplaces, with the distribution governed by an equity distribution agreement with National Bank Financial Inc. [1][2][3]. - The volume and timing of distributions will be determined at the Company's discretion, and proceeds will align with the Company's investment objectives and strategies [3]. Group 2: Investment Portfolio - The Company invests in a high-quality portfolio of leading Canadian dividend-yielding stocks, including major banks and corporations such as Bank of Montreal, Royal Bank of Canada, and BCE Inc. [4].
Brompton Split Banc Corp. Announces Class A Share Split and an Increase to Total Distributions
Globenewswire· 2025-10-06 21:10
Core Viewpoint - Brompton Split Banc Corp. plans to execute a stock split of its class A shares due to strong performance, with class A shareholders receiving 17 additional shares for every 100 shares held, pending approval from the Toronto Stock Exchange [1][4]. Group 1: Stock Split Details - The stock split will take effect for class A shareholders of record on October 27, 2025, and trading on an ex-split basis will commence on October 28, 2025 [1][4]. - No fractional shares will be issued, and the number of shares received will be rounded down to the nearest whole number [4]. Group 2: Shareholder Benefits - Class A shareholders will continue to receive monthly cash distributions targeted at $0.10 per share, leading to an expected increase of approximately 17% in total distributions [2]. - The Fund offers a distribution reinvestment plan for class A shareholders to reinvest distributions without commission, enhancing compound growth potential [2]. Group 3: Performance Metrics - Over the past 10 years, class A shares have delivered an annual total return of 18.4%, outperforming the S&P/TSX Equal Weight Diversified Banks Total Return Index by 5.1% and the S&P/TSX Composite Total Return Index by 6.6% [3][7]. - Since inception, class A shareholders have received cash distributions totaling $23.45 per share [3]. Group 4: Fund Composition - The Fund invests equally in common shares of the six largest Canadian banks and may allocate up to 10% of its total assets in global financial companies for diversification and return potential [5].
The Toronto-Dominion Bank (TD:CA) Analyst/Investor Day Transcript
Seeking Alpha· 2025-09-30 00:37
ConversationBrooke HalesHead of Investor Relations Good afternoon, everyone, and welcome. On behalf of our entire senior executive team, thank you for joining us for TD's 2025 Investor Day. It's fantastic to see so many familiar faces. For those of you I haven't met, I'm Brooke Hales and I have the privilege of leading Investor Relations here at TD. Whether you're joining us in person or on the webcast, we're delighted to have you here as we share our renewed strategy. Before we begin, I'd like to acknowle ...
Colabor Group Inc. Announces Forbearance Agreements with Principal Lenders and Investissement Québec
Globenewswire· 2025-09-06 01:48
Core Viewpoint - Colabor Group Inc. has entered into forbearance agreements with its principal lenders and Investissement Québec to temporarily avoid defaults related to financial covenants for the third and fourth quarters of 2025 [1][2][3] Group 1: Forbearance Agreements - The forbearance agreements allow Colabor to avoid immediate financial penalties while it works on amendments to its credit facilities [2][3] - The forbearance period is effective until October 15, 2025, contingent on Colabor's compliance with specified financial and operational covenants [3] Group 2: Financial Position and Stability - The agreements provide Colabor with additional flexibility following a cybersecurity incident in July 2025, aimed at strengthening its financial position [4] - Colabor remains committed to normal operations and fulfilling obligations to customers and suppliers while implementing its business plan [4] Group 3: Company Overview - Colabor is a distributor and wholesaler of food products serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces [5]
Colabor Group Inc. Announces Forbearance Agreements with Principal Lenders and Investissement Québec
GlobeNewswire News Room· 2025-09-06 01:48
Core Viewpoint - Colabor Group Inc. has entered into forbearance agreements with its principal lenders and Investissement Québec to temporarily avoid defaults related to financial covenants for the third and fourth quarters of 2025 [1][2][3] Group 1: Forbearance Agreements - The forbearance agreements allow Colabor to avoid immediate financial penalties while it works on amendments to its credit facilities [2][3] - The agreements are effective until October 15, 2025, contingent on Colabor's compliance with specified financial and operational covenants [3] Group 2: Financial Position and Stability - The forbearance agreements provide Colabor with additional flexibility following a cybersecurity incident in July 2025, aimed at strengthening its financial position [4] - Colabor's management is actively engaged in discussions with stakeholders to ensure long-term stability and growth [4] Group 3: Company Overview - Colabor operates as a distributor and wholesaler of food products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces [5]
OR Royalties Announces Increase of Credit Facility and Positive Net Cash Position
Globenewswire· 2025-06-09 21:01
Core Viewpoint - OR Royalties Inc. has successfully amended its revolving credit facility, increasing its total availability to $850 million and converting it to a U.S. dollar denominated facility, reflecting confidence in its long-term growth prospects [1][2][4]. Credit Facility Details - The amended Credit Facility provides access to $650 million with an additional uncommitted accordion of up to $200 million, totaling $850 million, compared to the previous maximum of C$550 million [2]. - Advances under the amended Credit Facility will incur interest at the Secured Overnight Financing Rate (SOFR) or Canadian Overnight Repo Rate Average (CORRA) plus 1.45% to 2.75% per annum, based on the Company's leverage ratio, consistent with the previous agreement [3]. - The Credit Facility has a term of four years, maturing on May 30, 2029 [3]. Management Commentary - The President & CEO of OR Royalties emphasized that the expansion of the Credit Facility highlights the strength of the asset portfolio and positions the company well for strategic growth opportunities [4]. - The company has achieved a positive net cash position due to robust operating cash flows and disciplined capital allocation, reinforcing its financial foundation [4]. Acquisition Update - OR Royalties holds 4,000,000 shares of MAC Copper, valued at $49.0 million under a binding acquisition agreement with Harmony Gold Mining Company, expected to strengthen OR Royalties' balance sheet upon closing [5]. Company Overview - OR Royalties Inc. is an intermediate precious metal royalty company with a North American portfolio of over 195 royalties, streams, and precious metal offtakes, including 21 producing assets, anchored by a significant net smelter return royalty on the Canadian Malartic Complex [6].
Robinhood Agrees to Pay $26M for FINRA Allegations Settlement
ZACKS· 2025-03-10 17:01
Core Insights - Robinhood Markets Inc. has agreed to pay $26 million to settle allegations from FINRA regarding failures in responding to misconduct red flags and inadequate customer identity verification [1] - Additionally, Robinhood Financial is required to compensate customers with $3.75 million [1] Allegations Against Robinhood - FINRA found that Robinhood Financial provided customers with inaccurate or incomplete disclosures about its practice of "collaring" market orders by converting them to limit orders [2] - The company’s anti-money-laundering systems were deemed inadequate, leading to suspicious behavior and account takeovers, with thousands of accounts opened without sufficient verification [3] - Robinhood failed to meet reporting requirements for blue sheets, which contain comprehensive trade data requested by authorities [3] - The company did not supervise or retain social media communications from paid influencers, which included misleading statements to investors [4] Company Response and Other Regulatory Issues - In settling these matters, Robinhood and its units consented to FINRA's findings without admitting or denying the charges [5] - The head of regulatory enforcement stated that the company is pleased to resolve historical matters, many dating back to 2014, which have since been remediated [5] - This settlement follows a separate $45 million settlement with the SEC in January 2025 for failing to maintain records and report suspicious activity [5] Recent Settlements - In September 2024, Robinhood's cryptocurrency platform settled with the California Department of Justice for $3.9 million over issues related to preventing customers from withdrawing cryptocurrency between 2018 and 2022 [6] Stock Performance - Over the past three months, Robinhood shares have increased by 17.4%, contrasting with a 3.4% decline in the industry [7]