Core Insights - RBC iShares has launched two new iShares ETFs, expanding its Core ETF lineup to provide investors with more options for diversified investment [1][6] - The iShares Core S&P Total U.S. Stock Market Index ETF (XTOT) offers broad exposure to the entire U.S. equity market, including large-, mid-, small-, and micro-cap companies [2][3] - The iShares Core Canadian Short-Mid Term Universe Bond Index ETF (XSMB) provides access to a diversified range of Canadian bonds with maturities between 1 and 10 years [4][5] Fund Details - XTOT has an annual management fee of 0.07%, while XSMB has a management fee of 0.15% [7] - Both ETFs are expected to begin trading on the Toronto Stock Exchange (TSX) [6] - The launch aims to help Canadian investors build efficient portfolios and achieve their investment objectives [7] Company Background - BlackRock Canada manages the iShares Funds, which are part of a larger suite of over 1,500 ETFs with approximately US$4.3 trillion in assets under management as of March 31, 2025 [10] - RBC Global Asset Management, a division of Royal Bank of Canada, provides investment management services and solutions across various investment vehicles [13]

DALLAS, May 29, 2025 (GLOBE NEWSWIRE) -- P10, Inc. (NYSE: PX), (“P10” or the “Company”), a leading private markets solutions provider, today announced that its strategy, RCP Advisors, a private equity investment firm that provides access to North American small buyout fund managers, closed on its latest primary fund-of-funds, RCP Fund XIX, LP (“Fund XIX” or the “Fund”). The Fund closed on approximately $314 million in capital commitments. The Fund has a broad LP base of new and existing investors, including ...

Core Viewpoint - Ventas, Inc. is experiencing profitable organic growth in senior housing and has raised its normalized funds from operations (FFO) per share guidance for 2025 [1][5]. Industry Summary - The fundamentals of senior housing remain strong, driven by a record-growing population aged 80 and above, with projected occupancy growth of +30 to +50 basis points from March 31, 2025, to May 31, 2025 [2]. - The senior housing market is entering a key selling season, which is expected to enhance occupancy rates [2]. Company Summary - Ventas's 2025 Senior Housing Operating Portfolio (SHOP) segment anticipates same-store cash net operating income (NOI) growth of 12% to 16%, an increase from the previous range of 11% to 16% [3]. - The company projects a year-over-year same-store average occupancy growth of +230 basis points for the May quarter-to-date and approximately +270 basis points year-to-date [4]. - The 2025 normalized FFO per share guidance has been raised to a range of $3.36-$3.46, reflecting about 7% year-over-year growth at the midpoint, primarily driven by SHOP [5]. - Ventas has a diverse portfolio of healthcare real estate assets in the U.S. and the U.K., positioned to benefit from favorable industry fundamentals, including an aging population and rising healthcare expenditures [6]. - Over the past six months, Ventas shares have gained 5%, contrasting with a 5.3% decline in the industry [7].

Financial Data and Key Metrics Changes - Total asset footprint increased to $958 billion, representing a 4% year-over-year growth [4] - Assets Under Management (AUM) grew to $138 billion, an increase of $14 billion or 11% compared to the prior year [5] - Total management and advisory fees reached $514 million, growing 14% year-over-year [6] - Fee-related earnings were $276 million, a 34% increase from the previous year, translating into GAAP EPS of $5.41 and non-GAAP EPS of $5.40 [6] Business Line Data and Key Metrics Changes - Fee-earning AUM stood at $72 billion, growing $6 billion or 10% year-over-year [14] - Specialized fund fee-earning AUM increased to $33 billion, representing a 16% growth [16] - Revenue from customized separate accounts increased by $6 million or 4% due to new accounts and re-ups [38] Market Data and Key Metrics Changes - Overall exit activity remains muted, but deal activity in various sectors showed recovery in 2024 compared to 2023 [12] - Contributions and distributions from Limited Partners (LPs) remained below historical averages, although distribution activity saw a slight pickup in 2024 [12] Company Strategy and Development Direction - The company is focusing on long-term results for clients, capitalizing on market volatility to find opportunities [13] - Continued growth in specialized funds, particularly semi-liquid evergreen funds, is a key strategy [14] - The company is actively expanding its product lines and enhancing its technology solutions [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market volatility and uncertainty, indicating a stable margin outlook despite reporting changes [46][47] - The current market environment is seen as different from past crises, driven by political factors rather than economic shocks [79] Other Important Information - The Board approved a 10% increase in the annual fiscal dividend to $2.16 per share, marking the eighth consecutive annual double-digit percentage increase since 2017 [6] - The company is investing in technology solutions to enhance operational efficiency and scalability [28] Q&A Session Summary Question: Margin outlook under new reporting regime - Management expects margins to remain stable despite changes in reporting [46][47] Question: Changes in distribution fees for new products - Distribution fees remain predominantly upfront, with no significant changes noted [49][50] Question: Future management fees within separate accounts - The separate account business is impacted by macro market conditions, but there is optimism for future growth as markets normalize [59][61] Question: May gross inflows and outflows - May showed strong inflows, with no significant changes in redemption patterns [65][66] Question: Institutional interest in evergreen funds - The trend towards evergreen funds is still in its early stages, with institutions beginning to recognize their benefits [70][72] Question: Capitalizing on market volatility - The company is focusing on deal flow, talent acquisition, and technology investments to capitalize on current market conditions [76][78]

Investment Rating - The report assigns a "Sell" rating to Vornado Realty Trust (VNO) with a 12-month price target of $33.00, indicating a downside potential of 13.1% from the current price of $37.97 [14]. Core Insights - Management believes it is in a landlord's market, with strong tenant demand for Class A office space in Manhattan and constrained new supply due to high replacement costs and interest rates [3]. - VNO's occupancy in New York decreased from 88.8% at the end of 4Q24 to 84.4% in 1Q25 but is expected to recover to the low 90% range within 12 months due to leasing activity [3]. - The company completed significant leasing transactions, including a 337k SF lease by Universal Music Group at PENN 2 and a 222k SF lease at 555 California Street in San Francisco [3][11]. - VNO's 2025 comparable FFO is expected to be flat compared to 2024, with meaningful growth anticipated by 2027 driven by the lease-up of PENN 1 and PENN 2 [4]. Financial Performance - VNO's NTM FFO is currently trading at 17.9x, below its historical average of 22.3x, while trading at a 6.0% premium relative to the REIT sector [10]. - On an AFFO basis, VNO is trading at 37.9x NTM AFFO, significantly higher than its pre-pandemic average of 32.0x, reflecting an 88% premium compared to the REITs average [10]. - The report updates estimates for VNO, with 2025 NAREIT FFO projected at $2.20, reflecting a slight decrease from previous estimates, while 2026 and 2027 show growth [12]. Valuation Trends - The report notes that VNO's premium versus the REIT sector is approaching historical average levels, indicating a potential normalization in valuation [6]. - The updated price target reflects a revised AFFO multiple of 27.0x, up from 26.2x, based on recent leasing strength and market movements [12].

12 hours ago, the Surf team voted "Yes"✅🏄Let's Surf with Sui Ecosystem!Sui (@SuiNetwork):Cetus has requested a community driven vote to recover the funds frozen following last week’s hack.In response, the Sui Foundation has released code for an onchain community vote. Sui validators can cast votes, and Sui holders can also vote directly through stake delegation. ...

证券代码：603202 证券简称：天有为 公告编号：2025-003 黑龙江天有为电子股份有限公司 关于使用募集资金置换预先投入募投项目 及已支付发行费用的自筹资金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ●本次使用募集资金置换预先投入募投项目的自筹资金285,045,265.72元及 已支付发行费用的自筹资金8,915,094.35元，共计293,960,360.07元。本次募集资 金置换时间距离募集资金到账时间未超过6个月，符合相关法律法规的要求。 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于同意黑龙 江天有为电子股份有限公司首次公开发行股票注册的批复》（证监许可〔2024〕 开发行人民币普通股（A股）4,000万股，发行价格为93.50元/股，募集资金总额 后 ， 公 司 本 次 募 集 资 金 净 额 为 3,526,941,817.64 元 ， 其 中 超 募 资 金 为 对上述募集资金到位情况进行了审验，并出具了《验资报告》 （信会师报字【2025】 ...

Core Viewpoint - The first batch of 16 new floating rate funds has been launched, with significant expectations from the management for these innovative products [2][5]. Group 1: Fund Manager Selection - The fund managers for these new funds are primarily mid-career professionals, with 10 out of 17 having 5-10 years of experience [2][3]. - There is a notable absence of previously popular star managers or those heavily invested in trending stocks, indicating a focus on experienced managers [2][3]. Group 2: Fund Manager Performance - Among the 17 fund managers, 5 have achieved an annualized return exceeding 10%, while only 1 has a negative performance [5][6]. - The overall performance of these fund managers has outperformed the annualized return of the CSI 300 index, with specific returns of 13.33% for Wang Mingxu from GF Fund and 13.04% for Wang Junzheng from Huaxia Fund [6][7]. Group 3: Fund Management Scale - The current management scale of these fund managers varies, with 3 managing over 10 billion yuan, while 4 manage less than 1 billion yuan [4][6]. - The majority of fund managers have a management scale between 2 billion and 10 billion yuan, indicating a balanced distribution [4]. Group 4: Investment Style - The fund managers exhibit diverse investment styles, with 10 favoring value investing and 7 specializing in growth stocks [9][11]. - Different fund companies offer various styles, allowing investors to choose funds that align with their investment preferences [12].

Group 1: Company Overview - Medical Properties Trust (MPW) has seen a stock price increase of 17.5% year-to-date, outperforming the industry growth of 2% [1] - The company focuses on acquiring and developing net-leased healthcare facilities, including general acute care hospitals and behavioral health facilities [1] Group 2: Market Dynamics - The senior citizens' population is projected to rise, leading to increased national healthcare expenditure, particularly from this demographic which incurs higher healthcare costs [2] - The healthcare sector is relatively insulated from macroeconomic issues affecting other sectors, providing stability during market volatility [3] Group 3: Financial Performance and Strategy - Medical Properties leases facilities to healthcare operating companies with initial fixed lease terms of at least 15 years, most including five-year renewal options, and over 99% of leases have annual rent escalations based on the Consumer Price Index [4] - The company sold two facilities for approximately $20 million in Q1 2025, resulting in a gain of $8.1 million, which enhances its capacity for reinvestment [5] - As of May 7, 2025, Medical Properties has approximately $1.3 billion in liquidity and no debt maturities due in the next twelve months, providing financial flexibility for growth [6]

Park Hotels & Resorts, Inc. (PK) announced that it has concluded the sale of the 316-room Hyatt Centric Fisherman’s Wharf located in San Francisco for $80 million.The sale price reflects a multiple of 64.0 times the hotel’s 2024 EBITDA. Proceeds from this transaction will be utilized for ongoing return on investment (ROI) projects in Park’s portfolio and for other general corporate purposes.Although the transaction market presents challenges, Thomas J. Baltimore, Jr., chairman and CEO of Park Hotels’ expres ...