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Scott+Scott Attorneys at Law LLP Reminds Investors of Its Ongoing Investigation Into Compass Diversified Holdings (NYSE: CODI)
GlobeNewswire News Room· 2025-05-12 15:55
Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating potential misleading statements and failures to disclose material information by Compass Diversified Holdings, which may violate federal securities laws [1]. Company Overview - Compass Diversified Holdings owns and manages a diverse set of middle-market businesses, including Lugano Holdings, Inc., which specializes in luxury jewelry design, manufacturing, and marketing [2]. Recent Developments - On May 7, 2025, Compass issued a press release stating it would not rely on its financial statements for fiscal 2024 due to an ongoing internal investigation into Lugano, leading to a delay in filing its 1Q25 Form 10-Q [3]. - The investigation, conducted by outside counsel and a forensic accounting firm, has preliminarily identified irregularities in Lugano's financing, accounting, and inventory practices [3]. - Following the announcement, Lugano's founder and CEO resigned, and Compass's stock price dropped by $10.70, nearly 62%, closing at $6.55 on May 8, 2025, with unusually high trading volume [3].
Oxford Lane Capital Corp. Schedules Fourth Fiscal Quarter Earnings Release and Conference Call for May 19, 2025
Globenewswire· 2025-05-12 12:00
Group 1 - Oxford Lane Capital Corp. will hold a conference call to discuss its fourth fiscal quarter earnings on May 19, 2025, at 9:00 AM ET [1] - The toll-free dial-in number for the conference call is 1-833-470-1428, with an access code of 818188 [1] - A recorded replay of the call will be available for 30 days after the call, accessible at 1-866-813-9403 with a replay passcode of 138532 [1] Group 2 - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company [2] - The company primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [2] - CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans for CLO vehicles [2]
Ophævelse af midlertidig forhøjelse af emissiontillæg og indløsningsfradrag i en række afdelinger i Investeringsforeningen Maj Invest
Globenewswire· 2025-05-12 07:00
Core Points - The board of Maj Invest has decided to lower the emission premiums and redemption discounts in several departments to normal levels due to improved market conditions [1] Group 1: Emission Premiums and Redemption Discounts - The emission premiums and redemption discounts for various departments are now set to the following levels: - Danske Obligationer: Emission 0.05, Redemption 0.10 - Globale Obligationer: Emission 0.10, Redemption 0.15 - Globale Obligationer Akk.: Emission 0.10, Redemption 0.15 - Grønne Obligationer: Emission 0.20, Redemption 0.25 - High Income Obligationer: Emission 0.25, Redemption 0.35 - Pension: Emission 0.15, Redemption 0.20 - Big Picture: Emission 0.20, Redemption 0.20 [2] Group 2: Contact Information - For any inquiries, Lise Bøgelund Jensen, the director of the investment management company, can be contacted at phone number 33 28 28 28 [3] Group 3: Attachments - The announcement includes attachments of the prospectuses for various funds, which can also be accessed via the association's website [4]
Blue Owl Capital: Time To Enjoy Nearly 11% Yield
Seeking Alpha· 2025-05-11 14:00
Group 1 - The article discusses the potential for investing in undervalued stocks that are mispriced by the market as May approaches [1] - It suggests that investors may consider joining a platform called Out Fox The Street for insights on these investment opportunities [1] Group 2 - There is no specific company or industry analysis provided in the content [2][3][4]
Berman Tabacco Announces Investigation of Potential Securities Law Violations By Compass Diversified Holdings (CODI)
GlobeNewswire News Room· 2025-05-09 13:50
BOSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI). About the Investigation On May 7, 2025, after the markets closed, Compass filed a Form 8-K which stated that the Audit Committee of Board of Directors “commenced an internal investigation into the financing, accounting, and inventory practices of Lugano Holding, Inc. (‘Lugano’), a subsidiary and operating se ...
Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry
Newsfilter· 2025-05-09 13:17
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. ("Prospect"), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions' 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). The recognition highlights Prospect's role as a significant capital provider and lender in the transaction, whic ...
Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry
GlobeNewswire News Room· 2025-05-09 13:17
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions’ 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). The recognition highlights Prospect’s role as a significant capital provider and lender in the transaction, whic ...
Onex Reports First Quarter 2025 Results
Globenewswire· 2025-05-09 11:00
All amounts in U.S. dollars unless otherwise stated TORONTO, May 09, 2025 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX) today announced its financial results for the first quarter ended March 31, 2025. “Onex continues to make progress and is benefitting from recent operational enhancements and a focus on areas where we have a proven right to compete,” said Bobby Le Blanc, CEO and President. “Our Private Equity and Credit teams have raised an aggregate of $2.5 billion in fee-generating capital since the s ...
Magnetic North Acquisition Corp. Announces Delay in Filing of Annual Financial Statements and Application for Management Cease Trade Order
Globenewswire· 2025-05-08 21:59
Core Viewpoint - Magnetic North Acquisition Corp. has announced a delay in filing its Annual Filings due to challenges in completing a financing transaction for additional working capital, but expects to resolve these issues and file by June 30, 2025 [1][2]. Group 1: Filing Delays and Financing - The company did not meet the April 30 deadline for its Annual Filings due to ongoing challenges related to financing [1]. - An initial financing is expected to be completed within five to seven business days, with necessary documentation currently being finalized [1]. - The company has applied for a Management Cease Trade Order from the Alberta Securities Commission to prevent management from trading securities until the Annual Filings are submitted [1]. Group 2: Compliance and Reporting - The 2024 audit is anticipated to start in the last week of May, with the company planning to file the Annual Filings by June 30, 2025 [2]. - During the default period, the company will adhere to alternative information guidelines, including issuing bi-weekly default status reports until the Annual Filings are completed [2]. - Management and insiders are subject to an insider trading blackout policy until the Annual Filings are filed [3]. Group 3: Business Developments - There have been no material business developments since the last interim financial report filed on November 28, 2024, for the period ending September 30, 2024 [3]. - The company confirms that there are no insolvency proceedings currently involving it [3]. Group 4: Company Overview - Magnetic North Acquisition Corp. invests and manages businesses on behalf of its shareholders, emphasizing that capital alone does not guarantee success [4]. - The company operates offices in Calgary and Toronto and has been recognized as a "2021 TSX Venture 50" recipient [4].
Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces 2025 First Quarter Operating Results
Globenewswire· 2025-05-08 21:05
Core Viewpoint - The company reported a significant decline in net earnings and operating performance for the first quarter of 2025, primarily due to net losses in its securities portfolio and costs associated with the acquisition of Sterling, despite an increase in net revenue compared to the previous year [2][3][5]. Financial Performance - Net revenue for Q1 2025 was $95.2 million, up from $62.5 million in Q1 2024, with $35.9 million contributed by Sterling [3][4]. - Operating earnings decreased to $7.1 million in Q1 2025 from $12.3 million in Q1 2024, while EBITDA fell to $15.9 million from $18.9 million [4]. - The company reported net losses of $15.7 million in Q1 2025, a stark contrast to net gains of $12.7 million in the same quarter of the previous year [5]. Cash Flow and Shareholder Metrics - Adjusted cash flow from operations attributable to shareholders was $12.5 million in Q1 2025, down from $14.7 million in Q1 2024 [6]. - Shareholders' equity as of March 31, 2025, was $1,304 million, or $53.30 per share, compared to $1,318 million, or $53.76 per share, as of December 31, 2024 [7]. Client Assets and Market Position - Total client assets were reported at $167.2 billion as of March 31, 2025, reflecting a 1% decrease from $169.0 billion as of December 31, 2024, but a 172.7% increase from $61.3 billion as of March 31, 2024 [2][3]. - The decline in client assets was attributed to net client outflows year-to-date, partially offset by positive market performance [2]. Dividend Declaration - The Board of Directors declared a quarterly eligible dividend of $0.39 per share, payable on July 18, 2025, to shareholders of record on July 11, 2025 [7].