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Northfield Announces Upsized Brokered Financing of up to $15 Million
Globenewswire· 2025-12-01 20:40
Core Viewpoint - Northfield Capital Corporation has announced an increase in its brokered financing offering to a total of up to $15,000,000 due to strong investor demand, with each unit priced at $5.50 and including a share and a warrant [1][3]. Financing Details - The offering will consist of units priced at $5.50 each, comprising one class A restricted voting share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $7.50 for three years [1]. - The net proceeds from the offering will be allocated for operational expenditures and general corporate purposes, with the closing expected around December 9, 2025, pending approval from the TSX Venture Exchange [3]. Agents and Commissions - Integrity Capital Group Inc. is the lead agent and sole bookrunner for the offering, and the company will pay a cash commission and issue compensation options to the agents involved [2]. Regulatory Compliance - The units will be offered under the Listed Issuer Financing Exemption, allowing sales to purchasers in Canada (excluding Québec) and other qualifying jurisdictions without a hold period in Canada [4]. Insider Participation - Certain insiders, including Mr. Robert Cudney, may participate in the offering, which is classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6][10]. Class B Share Issuance - The company plans to issue up to 1,192 additional Class B multiple voting shares to Mr. Cudney at a price of $6.40 per share, totaling gross proceeds of up to $7,629, in addition to previously proposed shares [7]. - This issuance aims to maintain Mr. Cudney's voting interest following the offering, as he currently holds approximately 39.6% of the total voting power [8]. Legal and Advisory Support - Cassels Brock & Blackwell LLP is serving as legal advisor to Northfield Capital, while Bennett Jones LLP is advising the agents involved in the offering [11]. Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [12].
Elevai Labs(ELAB) - Prospectus(update)
2025-11-26 01:15
As filed with the U.S. Securities and Exchange Commission on November 25, 2025. Registration No. 333-290902 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PMGC HOLDINGS INC. (Exact name of registrant as specified in its charter) Nevada 5912 33-2382547 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R. ...
Elevai Labs(ELAB) - Prospectus(update)
2025-11-26 01:10
As filed with the U.S. Securities and Exchange Commission on November 25, 2025. Registration No. 333-290428 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO REGISTRATION STATEMENT ON FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PMGC HOLDINGS INC. (Exact name of registrant as specified in its charter) Nevada 5912 33-2382547 (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R. ...
FS KKR Capital: Implications Of The Dividend Reset
Seeking Alpha· 2025-11-23 09:10
Core Insights - FS KKR Capital (FSK) missed Wall Street's estimates for core earnings by $0.01 per share due to pressure on net investment income (NII) from high non-accruals [1] Financial Performance - The investment firm's dividend coverage has fallen, indicating potential concerns regarding its financial stability [1]
CIBC Raises Brookfield (BN) Price Target to $52, Maintains Outperform Rating
Yahoo Finance· 2025-11-21 06:23
Core Insights - CIBC raised its price target for Brookfield Corporation (NYSE:BN) to $52 from $50.67 while maintaining an Outperform rating, indicating confidence in the company's performance [1] Financial Performance - In Q3 2025, Brookfield Corporation reported revenue of $18.9 billion, which represents a decline of over 8% compared to the same period last year [2] - Total inflows for the quarter reached $30 billion, marking the highest fundraising period in three years, with over $6 billion coming from retail and wealth clients [3] Strategic Moves - The company announced an agreement to acquire the remaining 26% stake in Oaktree, which will enhance its ownership in Oaktree's carried interest, fee-related earnings, and balance sheet investments, thereby expanding its global credit platform [2] - Brookfield Corporation returned $180 million to shareholders through dividends and share repurchases during the quarter, demonstrating a commitment to shareholder value [3]
Brookfield Announces Redemption of Its 4.82% Notes Due January 28, 2026
Globenewswire· 2025-11-20 21:45
Core Points - Brookfield Corporation announced the redemption of C$850,000,000 principal amount of 4.82% medium term notes due January 28, 2026, to be executed on December 22, 2025 at par value plus accrued interest [1] - Notice of redemption has been delivered to CDS Clearing and Depository Services Inc. and the trustee, Computershare Trust Company of Canada [2] - Brookfield Corporation is a leading global investment firm focused on long-term wealth building across three core businesses: Alternative Asset Management, Wealth Solutions, and Operating Businesses [3][4] Financial Performance - The company has a track record of delivering over 15% annualized returns to shareholders for over 30 years, supported by strong investment and operational experience [4] - Brookfield's conservatively managed balance sheet and extensive operational experience enable consistent access to unique investment opportunities [4] Company Overview - Brookfield Corporation operates in sectors including renewable power, infrastructure, business and industrial services, and real estate [3] - The company is publicly traded on both the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol BN [4]
Want $4,000 per Year in Monthly Passive Income? Invest Just $2,500 in These Dividend Stocks
247Wallst· 2025-11-19 16:43
Core Insights - The article discusses investment strategies to generate passive income through high-yield stocks and ETFs, emphasizing that significant returns can be achieved with relatively small investments [3][6]. Investment Opportunities - **Eagle Point Credit Company (ECC)**: Generated $52 million in total investment income in Q3, with a forward annual dividend yield of 29.79%. The company has a consistent track record of paying monthly dividends and plans to continue this practice into 2026 [5][8][9]. - **Horizon Technology Finance Corporation (HRZN)**: Originated $3.8 billion in venture loans to over 360 companies, offering a forward annual dividend yield of 20.5%. The company reported $14 million in net investment income for Q3 2025, indicating financial stability for continued dividend payments [10][11]. ETFs for Income Generation - **YieldMax Single-Stock ETFs**: These ETFs, including those for Microsoft (MSFO), Exxon Mobil (XOMO), and PayPal (PYPY), offer expected annual distribution rates ranging from 38.02% to 52.69%. They utilize options-trading strategies to achieve high yields and provide weekly cash distributions [14][15][17]. - The combination of ECC, HRZN, and three YieldMax ETFs can potentially raise the average yield to 37.23%, allowing for over $4,000 in annual income from a $12,500 investment [18]. Summary of Financial Metrics - **Eagle Point Credit Company**: Q3 GAAP net income of $15.5 million, with a total investment income of $52 million [8]. - **Horizon Technology Finance Corporation**: Q3 net investment income of $14 million, indicating a solid financial position [10].
Brookfield Corporation to Issue C$200 Million of Preferred Shares and Redeem a Minimum of C$200 Million of its Class A Preference Shares, Series 44
Globenewswire· 2025-11-19 14:11
Core Viewpoint - Brookfield Corporation has announced a public offering of 8,000,000 Class A Preference Shares, Series 54, aiming to raise C$200,000,000, with a fixed annual dividend yield of 5.65% for an initial period until December 31, 2030 [1][3]. Group 1: Offering Details - The Preferred Shares, Series 54 will be issued at a price of C$25.00 per share, resulting in aggregate gross proceeds of C$200,000,000 [1]. - An option has been granted to underwriters to purchase an additional 2,000,000 shares, potentially increasing the total offering size to C$250,000,000 [2]. - The offering is expected to close on or about November 26, 2025 [3]. Group 2: Dividend Structure - Holders of the Preferred Shares, Series 54 will receive a cumulative quarterly fixed dividend yielding 5.65% annually for the initial period [1]. - After the initial period, the dividend rate will be reset every five years based on the greater of the 5-year Government of Canada bond yield plus 2.80% or 5.65% [1]. Group 3: Use of Proceeds - Brookfield intends to use the net proceeds from the offering to redeem a minimum of C$200,000,000 of its outstanding Cumulative Class A Preference Shares, Series 44 on December 31, 2025 [3]. - If the underwriters' option is fully exercised, Brookfield plans to redeem all of its Preferred Shares, Series 44 on the same date [3]. Group 4: Company Overview - Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals, with core businesses in Alternative Asset Management, Wealth Solutions, and Operating Businesses [7][8]. - The company has a track record of delivering over 15% annualized returns to shareholders for more than 30 years [9].
Northfield Capital Announces Up to $10 Million Brokered Financing
Globenewswire· 2025-11-19 12:05
Core Points - Northfield Capital Corporation is conducting a brokered financing offering units at a price of $5.50 per unit, aiming for gross proceeds of up to $10,000,001 [1][3] - Each unit consists of one class A restricted voting share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $7.50 for three years [1] - The net proceeds will be allocated for operational expenditures and general corporate purposes [3] Offering Details - Integrity Capital Group Inc. is the lead agent and will receive a 6% cash commission on gross proceeds, with compensation options for agents based on units sold [2] - The offering is subject to TSX Venture Exchange approval and is expected to close around December 2, 2025 [3] Regulatory Compliance - The units will be offered under National Instrument 45-106, exempting them from a hold period in Canada [4] - Certain insiders may participate in the offering, which is classified as a related party transaction but is expected to be exempt from formal valuation and minority shareholder approval requirements [6][12] Class B Share Issue - The company plans to issue up to 2,388 Class B multiple voting shares to Mr. Robert Cudney at a price of $6.20 per share, totaling gross proceeds of up to $14,806 [8][9] - This issuance is to maintain Mr. Cudney's voting interest following the offering and is subject to Exchange approval [10][11] Company Overview - Northfield Capital Corporation is a publicly traded investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, founded in 1981 [14]
Citizens JMP Upgrades MSC Income Fund (MSIF) as Strong Q3 Results Support Bullish Outlook
Yahoo Finance· 2025-11-18 07:28
Core Insights - MSC Income Fund, Inc. (NYSE:MSIF) is recognized among the 15 stocks with the highest dividend potential for investment [1] - Citizens JMP upgraded MSC Income Fund to an Outperform rating with a price target of $15, reflecting strong Q3 results [2] Financial Performance - For Q3 2025, MSC Income Fund reported total investment income of $35.4 million and a net increase in net assets from operations of $26.5 million, equating to $0.56 per share [3] - The return on equity was 14.6% on an annualized basis for the quarter and 11.6% for the twelve months ending September 30, 2025 [3] - Dividend income increased by $1.2 million compared to the previous year [3] Dividend Policy - The management plans to maintain the current dividend structure, which includes regular quarterly payouts and a supplemental dividend linked to pretax net investment income [4] - A potential dividend increase is anticipated in 2026 [4] Business Model - MSC Income Fund primarily provides debt financing to private companies that are backed by or being acquired by private equity sponsors [4]