PRESS RELEASE VELCAN HOLDINGS: HALF YEARLY RESULTS (CONSOLIDATED AND UNAUDITED)FINANCIAL RESULT AFFECTED BY FOREX VARIATION LEADING TO A SHARP DECREASE OF THE NET PROFIT 30.06.202530.06.2024Var %Turnover Half Year (Million Euros)1.01.0+3%Net Result Half Year (Million Euros)0.64.0-85% 30.06.2025<td style="width:7.26%;;vertical-align: middle; text-ali ...

Share LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) ("PSH†) announced today the pricing of $500 million aggregate principal amount of its Senior Notes due 2032 at a coupon of 5.500% per annum (the "Notes†). Pershing Square Holdings, Ltd. Announces Pricing of $500 Million Senior Notes Offering Relevant stabilisation regulations including Financial Conduct Authority/ICMA apply. No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail i ...

Performance and Net Asset Value - The Dynasty Trust NAV increased by 1.6% in the September quarter, with a net asset value per unit of $1.3335 as of September 30, 2025 [2] - The quarterly return was 1.63%, while the rolling 12-month return was 19.28% [2] - The trust's performance is expected to lag behind wider indices in markets driven by surplus liquidity and short-term ideas [2] Company Contributions - Two companies discussed had strong long-term track records but were negative contributors in the quarter due to share price de-rating [3] - Bolloré experienced a €1.2 billion de-rating over the past year, attributed to investor impatience and self-inflicted issues [3] - Exor also faced de-rating despite strong capital management, influenced by bearish scenarios related to US tariffs on significant investee companies [3] Portfolio Adjustments - The trust exited positions in Catapult International, Sportradar, Harworth Group, and Borr Drilling, while adding DGL Group, a chemical distribution company [4] - DGL Group's shares were acquired at a price below 10x P/E and 60% of tangible book value, despite recent profit declines [4] Major Contributors and Detractors - Positive contributors to quarterly returns included Borr Drilling and Carlyle Group, while negative contributors included Virtu Financial and Novo Nordisk [5] - The strength of the Australian dollar reduced returns by approximately 80 basis points [5] Cash Position - The trust maintained a net cash weighting of around 6% after all accruals at the end of the quarter [6] Value Traps and Loss Reserving - The discussion on value traps highlighted Bolloré, Exor, and Swatch Group as securities trading at significant discounts to intrinsic value, but with potential for future performance [7] - The analysis emphasized the importance of understanding the price-value gap and the potential for value realization [10] Bolloré's Performance - Bolloré shares fell 19.5% over the past year, resulting in a €1.3 billion capital loss, despite the value of Universal Music Group shares remaining stable [27] - The company faced challenges including high costs, low customer experience investment, and significant transfer fees without on-field success [25] Exor's Holdings and Performance - Exor's NAV growth has been strong, with a 17.1% compound growth over 16.5 years, but it trades at a significant discount to NAV [36] - The company has engaged in substantial share buybacks, reducing share capital significantly [39] - Exor's holdings include major investments in Ferrari, Stellantis, and CNH, which are currently facing structural challenges [43][44] Institut Mérieux and Other Investments - Exor's stake in Institut Mérieux is primarily valued through its holding in bioMérieux, which is highly profitable [50] - The acquisition of Bureau Veritas' food testing business by Mérieux NutriSciences is expected to enhance value significantly [53] The Economist Stake - Exor's stake in The Economist presents a potential dilemma regarding future control and ownership dynamics, especially with the aging "A" shareholder block [62] - The financial performance of The Economist has shown modest growth, with a static operating profit over the years [60]

Core Viewpoint - 1847 Holdings LLC is set to begin trading on the OTC Pink Limited tier and aims to relist on a senior U.S. exchange as soon as practical, highlighting strong financial performance and growth potential [1][2][3]. Financial Performance - The company reported a record revenue growth of 380% year-over-year in Q2 2025, with significant gross profit expansion and positive operating cash flow [3]. - Management has reaffirmed its 2025 revenue guidance to exceed $40 million and operating income of approximately $6 million, with projections for 2026 of more than $50 million in revenue and operating income of approximately $12 million [3]. Business Strategy - 1847 Holdings focuses on acquiring undervalued middle-market businesses, enhancing their operations, and potentially monetizing them through sales or IPOs at higher valuations [4]. - The company believes that moving through the OTC market tiers and ultimately returning to a senior exchange will unlock greater value for shareholders [3].

Core Viewpoint - Compass Diversified (CODI) has declared quarterly cash distributions for its preferred shares, indicating a commitment to returning value to shareholders through consistent dividend payments [1]. Distribution Details - The Board declared a cash distribution of $0.453125 per share for the 7.250% Series A Preferred Shares, covering the period from July 30, 2025, to October 30, 2025, payable on October 30, 2025, to holders of record as of October 15, 2025 [2]. - A cash distribution of $0.4921875 per share was declared for both the 7.875% Series B and Series C Preferred Shares, also covering the same period and payable on the same date to holders of record as of October 15, 2025 [3][4]. Tax Implications - The preferred cash distributions are expected to generally qualify as "qualified dividends" for U.S. federal income tax purposes, contingent upon being paid from "earnings and profits" and meeting the requisite holding period [5].

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Helios Fairfax Partners Corporation (TSX: HFPC.U) (“Helios Fairfax”, “HFP” or the “company”) today announced that Vitali Harwardt will join the company on November 3, 2025, and will assume the role of Chief Financial Officer (CFO) of Helios Fairfax Partners and its investment manager, Helios Investment Partners (HIP), effective January 1, 2026. Interim CFO, Michael Corcoran, w ...

Core Points - Fairfax India Holdings Corporation has announced its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares effective September 30, 2025 [1][2] - The board of directors has approved the purchase of up to 5,551,115 Subordinate Voting Shares, representing approximately 10% of the public float as of September 16, 2025 [2][3] - Fairfax India believes that its Subordinate Voting Shares represent an attractive investment opportunity and that the purchases will enhance the value for remaining shareholders [3] Purchase Details - The company may purchase up to 11,879 Subordinate Voting Shares on any trading day, which is 25% of the average daily trading volume over the past six months [2] - Under its existing Normal Course Issuer Bid, Fairfax India has purchased 356,465 Subordinate Voting Shares at a volume weighted average price of US$15.34 [4] - An automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5][6] Company Overview - Fairfax India is an investment holding company focused on long-term capital appreciation by investing in public and private equity securities and debt instruments primarily in India [7]

Core Insights - Hyperscale Data, Inc. has announced its Bitcoin treasury totals approximately $13.25 million, which constitutes 39.4% of the Company's public float as of September 22, 2025 [1] Financial Summary - The Bitcoin treasury includes current holdings and funds allocated to committed purchases of Bitcoin [1] - The total value of the Bitcoin treasury reflects a significant portion of the Company's market capitalization [1]

Core Viewpoint - GBT Technologies Inc. has authorized a non-binding indication of interest to acquire all shares of Two Hands Corporation, with a proposed offer of US $0.00625 per share, which includes the assumption of Two Hands' outstanding debt obligations [1][2]. Group 1: Strategic Interest - The acquisition of Two Hands is seen as a strategic move to enhance GBT's initiatives in digital markets, technology, fintech, and the Gig Economy [3]. - Two Hands is transitioning into an investment holding company and has launched a Digital Asset Treasury and Trading Desk, partnering with More Money Ltd for expertise in crypto and blockchain [3]. Group 2: Regulatory Steps - Two Hands is planning a shareholder meeting in November 2025 to approve its change in business direction, aligning with GBT's goal to reposition as a merchant banking platform [4]. Group 3: Leadership Commentary - The CEO of GBT believes that integrating Two Hands' initiatives could accelerate GBT's development plans and create long-term value [5]. Group 4: Transaction Status - The indication of interest is non-binding and subject to negotiations, due diligence, and regulatory approvals, with no assurance that a definitive agreement will be reached [5]. Group 5: Company Overview - GBT Technologies is transitioning into Wertheim & Company, a global merchant banking platform, and aims to leverage its equity holdings and strategic initiatives in financial services and crypto asset management [6][7].

Core Viewpoint - GBT Technologies Inc. has authorized a non-binding indication of interest to acquire all outstanding shares of Two Hands Corporation, with a proposed offer of US $0.00625 per share, which includes the assumption of Two Hands' outstanding debt obligations [1][2]. Group 1: Strategic Interest - The acquisition of Two Hands is seen as a strategic move for GBT, aligning with its goal to transition into a merchant banking platform and leverage Two Hands' focus on digital markets, technology, fintech, and the Gig Economy [3][4]. - Two Hands has initiated plans to become an investment holding company and has launched a Digital Asset Treasury and Trading Desk, partnering with More Money Ltd for expertise in crypto and digital asset management [3][4]. Group 2: Leadership Commentary - The CEO of GBT Technologies expressed that integrating Two Hands' initiatives could accelerate GBT's development plans and support its transition to Wertheim & Company, presenting a long-term value creation opportunity [5]. Group 3: Transaction Status - The indication of interest is non-binding and subject to negotiations, due diligence, and regulatory approvals, with no assurance that a definitive agreement will be reached [5].