Core Viewpoint - CAPREIT is acquiring all outstanding units of ERES for $1.19 per unit in an all-cash transaction, valuing ERES at approximately $441 million, including debt [2][4]. Transaction Details - The transaction is a culmination of ERES's strategic review process overseen by a Special Committee of independent trustees [3]. - ERES has returned €1.90 per unit (approximately $2.96) in special distributions since 2024, leading to a total return of approximately $4.15 per unit, which is about 32% above the closing price of $3.15 on November 6, 2024 [4][8]. - The Board of ERES has unanimously recommended the transaction as being in the best interests of ERES and its unitholders [5][7]. Strategic Review and Recommendations - The transaction is seen as a successful completion of ERES's value-enhancement strategy, providing immediate liquidity and certainty of value to unitholders [8]. - The Special Committee conducted a thorough strategic review, evaluating various proposals and determining that the transaction optimizes value for unitholders [6][8]. - Fairness opinions from BMO Capital Markets and Haywood support the transaction's consideration of $1.19 per unit [7][14]. Approval Process - The transaction requires approval from two-thirds of the votes cast by ERES unitholders and a simple majority from minority unitholders, excluding CAPREIT [9][10]. - A special meeting for unitholders is expected to be held in April 2026, with the transaction anticipated to close in the second quarter of 2026 [10]. Financial Advisors and Valuation - BMO Capital Markets and Haywood provided fairness opinions and a formal valuation, indicating the fair market value of ERES units is between $1.05 and $1.25 per unit [14]. - The transaction is structured to have limited closing conditions and does not require regulatory approvals [8][9]. Future Implications - Upon completion, ERES units will be delisted from the Toronto Stock Exchange, and ERES will cease to be a reporting issuer in Canada [12]. - The transaction allows CAPREIT to manage the remaining assets in alignment with its long-term objectives while providing a cash exit for ERES unitholders [6].

Expands Presence Across Integrated Portfolio, Broadens Geographic Footprint, and Advances Disciplined Capital Allocation StrategyRIDGELAND, Miss., March 02, 2026 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today announced the acquisition of the shell egg, egg products, and prepared foods assets of Creighton Brothers LLC, including Crystal Lake LLC, for a total purchase price of approximately $128. ...

MISSISSAUGA, Ontario, March 02, 2026 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) announced today that Concert-Bird Partners, a consortium comprised of Bird Capital Limited Partnership, Bird Design-Build Construction Inc., Wright Construction Western Inc., Concert Infrastructure Ltd., Ainsworth Inc., and BR2 Architecture Inc., was selected by Alberta Infrastructure as the preferred proponent for the Design-Build-Finance-Maintain (DBFM) contract for six Alberta elementary and junior high schools, an ...

Core Insights - Great Elm Capital Corp. (GECC) announced the appointment of Jason Reese as Executive Chairman, succeeding Matthew Drapkin, who will remain as Vice Chairman [1][4][12] - The company waived approximately $2.3 million in accrued incentive fees as of December 31, 2025, which translates to $0.16 per share, and also waived incentive fees for the first quarter of 2026 [1][6][12] - GECC reported a GAAP net asset value (NAV) of $8.07 per share as of December 31, 2025, with a pro forma NAV of $8.23 per share after accounting for the waived incentive fees [2][12] Financial Performance - Net investment income (NII) for the fourth quarter of 2025 was $4.4 million, or $0.31 per share, reflecting over 50% growth quarter-over-quarter [2][12] - Total investment income for the fourth quarter was $12.6 million, compared to $10.6 million in the previous quarter [12][18] - The company ended 2025 with net assets of $112.9 million, down from $140.1 million at the end of the previous quarter, primarily due to unrealized losses [12][20] Liquidity and Capital Management - GECC maintained a strong liquidity position with approximately $5 million in cash and equivalents and $50 million available under a revolving credit facility as of December 31, 2025 [2][21] - The company repurchased $18.7 million of GECCO notes due June 2026, leaving $38.8 million outstanding as of February 27, 2026 [2][12] - A call notice was issued for the redemption of $20 million of GECCO notes on March 31, 2026 [2][13] Shareholder Returns - The Board declared a quarterly distribution of $0.30 per share for the first quarter of 2026, resulting in an annualized dividend yield of 19.2% based on the closing price of $6.26 on February 27, 2026 [3][24] - The distribution also equates to a 14.9% annualized yield based on the NAV of $8.07 per share as of December 31, 2025 [24] Investment Strategy and Portfolio - GECC's investment portfolio as of December 31, 2025, totaled $298.3 million, with a weighted average current yield of 11.7% [16][19] - The company deployed approximately $48.2 million into 32 investments during the fourth quarter, achieving a weighted average current yield of 8.1% [17][19] - The portfolio had less than 1% of investments on nonaccrual, indicating effective management of credit quality [8][12]

Free, open-source software inspects every conversation between AI agents and the models they rely on. It is integrated within NativelyAI’s 250,000+ developer ecosystem and available as part of TerraFabric, Veea’s control plane for governed autonomous systems at the edgeBARCELONA, Spain, March 02, 2026 (GLOBE NEWSWIRE) -- At Mobile World Congress 2026 in Barcelona, Veea Inc. (NASDAQ: VEEA) today announced the open-source release of Lobster Trap, a lightweight security tool that monitors and enforces rules on ...

Hypercharge delivered record service and subscription revenue in the quarter and improved gross margin through a stronger mix of service and recurring revenue, while continuing to expand its network footprint and registered user base. 33% Year-to-Date Revenue GrowthDelivered 526 New Charging PortsGross Margin continues positive trend up to 27% for the 9 months ended December 31, 2025, and posts a high of 34% for the three months ended, highlighting the potential of the Company’s revenue and margin mix VANCO ...

CALGARY, Alberta, March 02, 2026 (GLOBE NEWSWIRE) -- TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) announced today that it does not intend to exercise its right to redeem all or any portion of the currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A (Series A Shares) (TSX: TA.PR.D) and the Cumulative Redeemable Floating Rate First Preferred Shares, Series B (Series B Shares) (TSX: TA.PR.E) on March 31, 2026 (the Conversion Date). As a result, and s ...

GUELPH, Ontario and WELLAND, Ontario, March 02, 2026 (GLOBE NEWSWIRE) -- Linamar Corporation and Regen Resources today announced a strategic alliance aimed at advancing the commercialization of graphite assets located in Welland, Ontario, supporting the development of a domestic supply of battery-grade graphite for industrial and automotive applications. The alliance brings together Regen’s upstream graphite resource reserve of approximately 340,000 tonnes with Linamar’s downstream processing capability, c ...

TORONTO, March 02, 2026 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has declared a dividend of $0.315313 on its outstanding Series K Preferred Shares, payable on March 31, 2026 to shareholders of record on March 16, 2026. Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada. Fairfax is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reins ...

Achieves annual growth in revenues of 9.5% & Adjusted EBITDA of 20.2%Avante Corp. achieved 8.2% year-over-year revenue growth in fiscal third quarter ended December 31, 2025, including 12.4% increase in recurring revenueThe Company achieved Adjusted EBITDA of $0.82 million in the fiscal third quarter, compared to $0.77 million in the same quarter of fiscal 2025The Company maintains a positive outlook for fiscal 2026, with expected organic growth across its services including Avante Black, HALO, Avante Verif ...