Core Insights - SFL Corporation Ltd. reported preliminary financial results for Q1 2025, including a net loss of $31.9 million or $0.24 per share, primarily due to impairments on older dry-bulk vessels and the idleness of the drilling rig Hercules [1][6] - The company declared a quarterly cash dividend of $0.27 per share, marking the 85th consecutive quarterly dividend [5][6] - Charter hire revenue for the quarter was $193.5 million, which included $1.5 million from profit share, while adjusted EBITDA was $108.0 million from consolidated subsidiaries and $7.7 million from associated companies [6] Financial Performance - The net loss of $31.9 million was attributed to one-off items, including impairments on older vessels [3][6] - Charter hire revenue was reported at $193.5 million, with an adjusted EBITDA of $115.7 million when including associated companies [6] - The company has been actively repurchasing shares, with a $10 million buyback at an average price of $7.98 per share [6] Fleet Management - SFL continues to renew its fleet by divesting older bulkers and containerships, focusing on assets with a charter backlog to support long-term dividend distribution [4][6] - The company upgraded several vessels during the quarter, enhancing cargo intake and fuel efficiency [3][4] Dividend Information - The declared quarterly cash dividend of $0.27 per share will be paid on or around June 27, 2025, with the record date set for June 12, 2025 [5][6] - This dividend reflects the company's commitment to maintaining a consistent distribution to shareholders [8]

Dividend Distribution - The Ordinary General Meeting of Shareholders on 13 May 2025 approved a dividend distribution for the financial year 2024, setting the gross amount at EUR 1.40 per share [1] - After a 30% withholding tax, the net dividend will be EUR 0.98 per share, payable starting from 21 May 2025 [1] - The ex date for the dividend is set for 19 May 2025, with a record date of 20 May 2025 [1] Payment Process - Dividends for dematerialised shares will be paid automatically by the financial intermediary holding the shares [2] - Registered shares will have dividends paid directly to the shareholders listed in the register [2]

Core Viewpoint - Ares Capital Corporation (ARCC) reported lower portfolio exits and gross commitments in Q1 2025, with net realized and unrealized losses of $124 million impacting its financial performance, leading to a decline in share price by 2.2% post-announcement [1][2]. Financial Performance - Total Investment Income: ARCC's total investment income reached $732 million, reflecting a year-over-year increase of 4.4%, primarily driven by higher interest income and capital structuring service fees [3]. - Comparison with Peers: In contrast, peers Hercules Capital, Inc. and FS KKR Capital Corp. experienced declines in total investment income, with Hercules down 1.7% to $119.5 million and FS KKR down 7.8% to $434 million [4]. - Total Expenses: ARCC's total expenses were $360 million, a decrease of 2.4%, attributed to lower capital gains incentive fees [4]. Portfolio Activities - Gross Commitments: Ares Capital made gross commitments of $3.45 billion, down from $3.55 billion in the prior-year quarter, and exited $2.86 billion of commitments compared to $3.41 billion a year ago [5]. - Portfolio Value: As of March 31, 2025, the fair value of Ares Capital's portfolio investments was $27.1 billion, with $23.9 billion in accruing debt and other income-producing securities [5]. Growth Factors - Investment Income Growth: Ares Capital has shown a five-year compound annual growth rate (CAGR) of 14.4% in total investment income from 2019 to 2024, with continued momentum in Q1 2025 due to increased demand for personalized financing solutions [6]. - Diversified Portfolio: The company maintains a diversified investment portfolio across 566 companies, with significant allocations in software & services (23.6%) and healthcare equipment & services (13.4%) [10]. Capital Management - Debt and Cash Position: As of March 31, 2025, ARCC had $13.9 billion in debt and $742 million in cash and cash equivalents, along with a revolving credit facility of up to $4.5 million [15]. - Dividend Distribution: The company distributed 90% of its taxable income as dividends, with a recent hike of 11.6% in 2022, and has increased dividends four times in the last five years [16]. Analyst Sentiment - Earnings Estimates: The Zacks Consensus Estimate for 2025 and 2026 earnings has been revised downward by 3.3% and 2.9%, respectively, indicating a projected decline of 12% for 2025 [20][22]. - Stock Performance: Year-to-date, ARCC shares have declined by 5%, outperforming the industry average decline of 8.4% [23]. Valuation - Price-to-Book Ratio: Ares Capital's price-to-book ratio stands at 1.05X, higher than the industry average of 0.94X, suggesting the stock is trading at a premium [30].

Core Points - MarketWise, Inc. declared a quarterly cash dividend of $0.20 per share for Class A common stock and a comparable distribution for MarketWise, LLC units [1] - A special dividend of $0.10 per share for Class A common stock was also announced, totaling approximately $0.3 million [2] - Both the regular and special dividends will be paid on June 25, 2025, with a Record Date of May 15, 2025 [2] Company Overview - MarketWise is a leading multi-brand digital subscription services platform focused on providing premium financial research, software, education, and tools for self-directed investors [3] - The company has over 25 years of operating history and serves millions of free and paid subscribers [4] - MarketWise operates as a 100% digital, direct-to-customer company, offering its research across various platforms including mobile, desktops, and tablets [4] - The company's vision is to become the leading financial solutions platform for self-directed investors [4]

Core Points - The General Shareholders Meeting of INVL Baltic Real Estate approved a dividend allocation of EUR 0.09 per share for the year 2024, totaling EUR 0.716 million [1][7] - The ex-date for the dividend is set for 14 May 2025, meaning new shareholders after this date will not be entitled to the dividend [3] - The company reported a consolidated net profit of EUR 2.74 million for the previous year, which is 3.9 times higher than in 2023, largely due to a property sale in Latvia contributing EUR 1.7 million to the operating result [8] - The authorized capital of the company will be reduced from EUR 11.689 million to EUR 11.533 million by canceling 107,480 own shares acquired during a buy-back process [4][8] - Shareholders authorized the company to repurchase its own shares, with a maximum purchase price based on the last published net asset value per share and a minimum price of EUR 1.45, with a buyback period of 18 months [9] - The company owns properties with a total area of 19,300 sq. m., valued at EUR 42.6 million as of December 2024, with occupancy rates between 75% and 91% [11][12] Company Overview - INVL Baltic Real Estate operates as a closed-ended investment company managed by INVL Asset Management, which is a leading alternative asset manager in the Baltics [13][14] - The company has been recognized for providing stable returns to retail investors since its inception as a collective investment undertaking in December 2016 [13] - INVL Asset Management manages over EUR 1.6 billion in assets across various asset classes, including real estate, private equity, and renewable energy [15]

Group 1 - EfTEN Real Estate Fund AS will fix the list of shareholders for dividend distribution on April 22, 2025, at the end of the working day of the registrar of the settlement system of the fund's securities [1] - The date of change of rights related to the securities is April 21, 2025, but due to trading holidays of the Nasdaq Tallinn Stock Exchange, the actual ex-date is April 17, 2025 [1] - As of the ex-date, the new owner of the shares will not be entitled to dividends for the year 2024 [1] Group 2 - EfTEN Real Estate Fund AS will distribute dividends amounting to €1.11 per share on April 30, 2025 [2]

Core Points - The Board of Grigeo Group AB has decided to present audited annual financial statements for the year ended 31 December 2024 at the Annual General Meeting of Shareholders scheduled for 28 April 2025 [1] - The Supervisory Board has proposed to approve the Company's Remuneration report and to distribute a profit of EUR 7,884 thousand for the year 2024, equating to EUR 0.06 per share [3] Financial Statements - The consolidated management report and financial statements for the year 2024 have been prepared in accordance with International Financial Reporting Standards and are published in European Single Electronic Format (ESEF) [3] - Additional documents provided include the management report, sustainability report, and financial statements in PDF format [3] Profit Distribution - The Board proposes to allocate EUR 7,884 thousand to dividends for the year 2024, which translates to EUR 0.06 per share [3] Governance Documents - Draft Articles of Association and the Company's remuneration policy have been prepared for approval at the upcoming General Meeting [3][4] - Draft decisions proposed by the Board are also included for consideration [3]

Financial Data and Key Metrics Changes - Net revenue for Q4 2024 was $10.8 million, down from $11.6 million in Q4 2023, with adjusted EBITDA increasing by 11% to $5.1 million [10][26] - Full year net revenue reached $45.4 million, significantly higher than the previous year, while adjusted EBITDA grew to $20.3 million compared to $18.9 million in 2023 [27] - The company recorded a net loss of $3.4 million for the year, compared to a net profit of $200,000 in 2023, largely due to a decrease in profits from vessel sales [27][28] Business Line Data and Key Metrics Changes - The company sold the Oasea and reinvested in the Nisea, which has been employed on a profitable fixed-rate charter [11] - The Gloriuship, the oldest vessel in the fleet, is scheduled for sale, expected to enhance cash position by approximately $7 million [29][50] Market Data and Key Metrics Changes - The dry bulk market experienced a temporary slowdown in coal and iron ore exports, impacting revenue [9] - Capesize and Panamax charter rates softened due to seasonal factors and high inventory levels in China [17][18] - The Capesize order book remains at historical low levels, indicating potential demand for new vessels in the future [21] Company Strategy and Development Direction - The company is focused on building a high-quality dry bulk fleet and has successfully completed its second investment cycle without diluting shareholders [6][36] - United Maritime is optimistic about the long-term fundamentals of the dry bulk market and is exploring opportunities in the offshore sector [15][24] Management's Comments on Operating Environment and Future Outlook - Management remains confident in the company's ability to generate shareholder value despite current market volatility [9] - The company anticipates a rebound in the dry bulk market and expects higher time charter equivalent rates in the following quarters [14][24] Other Important Information - The company declared a total dividend of $0.235 per share for 2024, with a reduced dividend of $0.01 per share for Q4 2024 due to market conditions [7][10] - The company has extended its share repurchase program by 12 months, with $1.9 million remaining available for repurchases [8] Q&A Session Summary Question: What is the scheduled delivery of the offshore vessel and remaining capital commitments? - The scheduled delivery is in Q1 2027, with $3.5 million already paid and another $4.5 million committed to be called in two tranches within 2025 [42] Question: Can you review comments on the US missile strikes and their potential link to the dry bulk market? - The Red Sea remains closed, which disrupts trade routes, but a ceasefire in Ukraine could positively impact the Panamax/Kamsarmax segment [45][46] Question: Regarding the Capesize sale, does the $50 million sales price imply a gain of $7 million? - The net amount after the sale will be around $7 million, considering the outstanding loan and management agreements [50]