VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) announces that it has provided the TSX Venture Exchange (the "TSXV") with its Notice of Intention to make a Normal Course Issuer Bid (the "NCIB") through the facilities of the TSXV, subject to TSXV acceptance. The Company is proposing to put a new NCIB in place upon the expiry of the NCIB it launched last February because, in the opinion of its board of directors, the market price of its Class ...

Group 1 - Herzfeld Credit Income Fund, Inc. announced an estimated net asset value (NAV) of $2.16 as of January 30, 2026, following a 1-for-10 reverse stock split effective February 9, 2026, resulting in a post-reverse split adjusted NAV of $21.56 [1] - Thomas J. Herzfeld Advisors, Inc. is an SEC registered investment advisor specializing in investment analysis and account management in closed-end funds, established in 1984 [2] Group 2 - The Fund's investment is subject to certain risks, including market risk, and shares of closed-end funds often trade at a discount from their NAV [3] - Forward-looking statements made by the Fund or its advisor may involve various assumptions and uncertainties, and actual results could differ materially from those anticipated [4]

Mackenzie Global Value ETF and Mackenzie US Value ETF capture compelling opportunities in undervalued quality companiesMackenzie GQE Global Balanced ETF offers both equity and fixed income exposure in one investment vehicleMackenzie US All Cap Growth ETF seeks valuable opportunities in diverse U.S. sectorsTORONTO, Feb. 17, 2026 /CNW/ - Mackenzie Investments ("Mackenzie") today announced the launch of four new exchange-traded funds ("ETFs"), listed below. They build on established mutual fund strategies seek ...

Group 1 - OFS Credit (OCCI) is an externally managed closed-end fund that primarily focuses on CLO equity and debt, with the majority of its assets consisting of CLO [1] - The fund includes some CLO debt, but its main investment strategy revolves around CLO equity [1] - The Investment Doctor emphasizes a portfolio strategy that combines dividend and growth stocks, targeting a 5-7 year investment horizon [1] Group 2 - The Investment Doctor leads the investment group European Small Cap Ideas, which provides exclusive access to actionable research on European small-cap investment opportunities [1] - The focus of the investment group is on high-quality small-cap ideas, emphasizing capital gains and dividend income for continuous cash flow [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1]

Group 1 - The CEF/ETF Income Laboratory manages portfolios targeting safe and reliable yields of approximately 8% to facilitate income investing [2] - Micro- and small-cap stocks have surged at the beginning of the year, with mid-cap stocks also showing strong performance, while major indexes like Nasdaq 100, S&P 500, and Dow Jones Industrial Average did not participate to the same extent [2] - The service provided by the CEF/ETF Income Laboratory includes managed portfolios, actionable income and arbitrage recommendations, and in-depth analysis of closed-end funds and exchange-traded funds [2] Group 2 - The community associated with the CEF/ETF Income Laboratory consists of over a thousand members focused on finding the best income ideas, catering to both active and passive investors [2] - The majority of holdings in the portfolios are monthly-payers, which aids in faster compounding and smoothing income streams [2]

Group 1 - The company has approved the establishment of an industrial investment fund and related transactions, with a total subscribed capital of 800 million RMB, in which the company will contribute 240 million RMB, accounting for 30% of the total [2][3] - The partnership agreement for the Shenyang Automotive Industry Investment Fund has been signed with several partners, including Guangdong Yuke Mother Fund Investment Management Co., Ltd. and BMW (China) Investment Co., Ltd. [2] - The fund has completed the necessary business registration and has obtained the business license from the local market supervision authority, as well as the private fund filing certificate from the Asset Management Association of China [3][4] Group 2 - The fund will allow the company to participate in investment income distribution while providing access to quality project resources at a lower selection cost, without significantly impacting the company's normal operations or financial status [4] - The company will closely monitor the fund's operations and management to mitigate investment risks and ensure the safety of its investment capital [4] - The fund is characterized by a long investment cycle and low liquidity, and its performance may be influenced by macroeconomic factors and the operational performance of investment targets [4]

Financial Data and Key Metrics Changes - For Q4 2025, the company generated revenues of $1.6 billion, up 5% year-over-year, with overall internal growth for the quarter being essentially flat due to strong prior comparisons [10] - Adjusted EBITDA for the quarter was $245 million, reflecting a 6% increase over the previous year, in line with revenue growth [10] - The company's leverage declined to 2x as of December 31, benefiting from strong seasonal cash flows [15] Business Line Data and Key Metrics Changes - The commercial real estate segment net revenue increased by 7% in Q4, with Capital Markets revenues rising by 13%, primarily driven by strong activity in the U.S. [11] - Leasing revenues grew by 3%, led by the U.S. in office and industrial asset classes [11] - The engineering segment net revenue was up 8%, supported by recent acquisitions, while investment management net revenues increased by 6% [12] Market Data and Key Metrics Changes - The U.S. market continued to show strength, particularly in Capital Markets, which is expected to maintain high teens growth in 2026 [64] - EMEA and Asia Pacific markets experienced modest growth, with expectations for improvement in 2026 [36] Company Strategy and Development Direction - The company is focused on expanding its diversified platform and has recently agreed to acquire Ayesa Engineering, which will enhance growth avenues and strengthen its global presence [5] - The strategy emphasizes leveraging AI as a productivity and growth enabler, improving efficiency and margins while allowing professionals to focus on higher-value advisory services [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2026 with strong momentum and a healthy pipeline, expecting solid internal growth and contributions from recent acquisitions [7] - The company anticipates mid-teens growth across its key operating metrics for 2026, driven by a recovery in Capital Markets and strong demand in engineering and investment management [16] Other Important Information - The company raised $2.1 billion in new capital commitments during Q4 and $5.3 billion for the full year, with a fundraising target of $6 billion to $9 billion for 2026 [13][66] - The integration costs in the investment management segment are expected to continue impacting margins through the first half of 2026 [12][32] Q&A Session Summary Question: Organic growth in engineering - Management noted strong demand for services and opportunities to increase pricing, with hiring ongoing to meet demand [19][20] Question: Capital allocation and share buybacks - Management indicated a preference for careful capital management and highlighted the focus on acquisitions rather than share buybacks at this time [29] Question: Macro perspective on Capital Markets - Management does not expect rate cuts to influence their outlook, citing pent-up demand for transactions as a key driver for growth [36] Question: AI's impact on business - Management views AI as a margin enhancer rather than a disruptor, emphasizing its role in improving efficiency and enabling professionals to focus on complex transactions [71][72] Question: Ayesa acquisition and future growth - Management highlighted the strategic importance of the Ayesa acquisition for expanding into new markets and leveraging existing capabilities [56][87]

Group 1 - The Guangdong Nanyue Green Beauty Ecological Investment Fund has been established with a total investment of approximately 1.5 billion yuan [1] - The fund's operational scope includes private equity investment, investment management, and asset management activities [1] - The partnership is jointly held by Guangdong Hengjian Investment Holding Co., Ltd. and Guangdong Agricultural Supply-Side Structural Reform Fund Management Co., Ltd. [1]

Core Insights - The Boards of Directors of Adams Diversified Equity Fund and Adams Natural Resources Fund have elected Steven G. Chambers as an independent director, effective February 12, 2026 [1] Company Overview - Adams Funds consists of two closed-end funds: Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO) [4] - The Funds have been operational since 1929 and have a long history of helping investors achieve their investment goals [4] - Adams Funds has paid dividends for over 90 years across various market cycles and is committed to a minimum annual distribution rate of 8% of NAV, paid quarterly [4] Leadership and Governance - Dr. Chambers has over 25 years of experience in the educational technology sector and has held leadership roles in both start-ups and large tech companies [2] - He is recognized for developing the first social robot for home use, which was named Time Magazine's Innovation of the Year in 2017 [2] - Dr. Chambers currently serves on the boards of several technology companies and brings valuable experience in corporate governance to the Adams Funds Board [2][3] Future Outlook - The CEO of the Funds, James P. Haynie, expressed confidence in Dr. Chambers' ability to contribute positively to the Board and the Funds' continued growth as they approach their centennial anniversary [3]

Group 1 - The High Income Securities Fund (PCF) was transformed into a hybrid fund with significant diversification after being taken over by Bulldog Investors in 2018 [2] - The fund aims to provide managed portfolios targeting safe yields of over 8%, catering to both active and passive investors [2] - The service includes actionable income and arbitrage recommendations, in-depth analysis of closed-end funds (CEFs) and exchange-traded funds (ETFs), and a community of over a thousand members [2] Group 2 - The majority of the fund's holdings are monthly-payers, which enhances compounding and smooths income streams for investors [2]