Sustainable Power & Infrastructure Split Corp. Announces Extension of Term
Since inception on May 21, 2021 to July 31, 2025, the Class A Share has delivered a 14.0% per annum return, outperforming the S&P Global Infrastructure Total Return Index and the MSCI World Total Return Index by 4.3% per annum and 3.8% per annum, respectively.(2) Since inception to July 31, 2025, Class A shareholders have received cash distributions of $3.45 per share. Class A shareholders also have the option to reinvest their cash distributions in a dividend reinvestment plan which is commission free to participants.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
26 minutes ago
- Winnipeg Free Press
Flight simulator maker CAE reports Q1 profit and revenue up from year ago
MONTREAL – Flight simulator maker CAE Inc. reported a first-quarter profit attributable to equity holders of $57.2 million, up from $48.3 million in the same quarter last year. The profit amounted to 18 cents per diluted share for the quarter ended June 30, up from a profit of 15 cents per diluted share a year earlier. On an adjusted basis, CAE says it earned 21 cents per share, the same as a year ago. Revenue for the quarter totalled $1.10 billion, up from $1.07 billion in the same quarter last year. Civil revenue totalled $607.7 million in its latest quarter, up from $587.6 million a year ago, while defence and security revenue amounted to $490.9 million, up from $484.9 million. The company's adjusted backlog stood at $19.48 billion at the end of the quarter. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:CAE)
Globe and Mail
an hour ago
- Globe and Mail
MKL Outperforms Industry, Trades at a Discount: How to Play the Stock
Shares of Markel Group Inc. MKL have rallied 26.7% in the past year, outperforming its industry, the Finance sector and the Zacks S&P 500 composite's growth of 2%, 18.9% and 18.1%, respectively. Markel Group has outperformed its peers, 3M Company MMM and Honeywell International Inc. HON, which have risen 26% and 10.3%, respectively, in the past year. Meanwhile, shares of Carlisle Companies Incorporated CSL have lost 2.8% in the past year. The stock has a market capitalization of $24.38 billion. The average volume of shares traded in the last three months was 0.04 million. Markel Group's bottom line surpassed earnings in three of the last four quarters and missed in one, the average being 5.74%. MKL Shares are Affordable Markel Group shares are trading at a discount compared to the industry. Its price-to-book ratio of 1.41X is lower than the industry average of 6.8X, the Finance sector's 6.8X and the Zacks S&P 500 composite's 8.2X. Also, it has a Value Score of B. MKL Trading Above 200-Day Moving Averages Shares of Markel Group are trading above the 200-day simple moving averages (SMAs) of $1,835.81, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Its share price as of Aug. 12, 2025, was $1,742.23, down 16% from its 52-week high of $2,075.92. MKL's Encouraging Growth Projections The Zacks Consensus Estimate for Markel Group's 2025 earnings per share indicates a year-over-year increase of 16.6%. The consensus estimate for revenues is pegged at $15.15 billion, implying a year-over-year improvement of 2.3%. The consensus estimate for 2026 earnings per share and revenues implies an increase of 10.4% and 4.7%, respectively, from the corresponding 2025 estimates. Earnings have grown 23.1% in the past five years, better than the industry average of 15.6%. Bearish Analyst Sentiment on MKL One of the four analysts covering the stock has lowered estimates for 2025, while two of the five analysts have lowered the same for 2026 over the past 30 days. The Zacks Consensus Estimate for both 2025 and 2026 earnings has moved down 1.2% and 2.1%, respectively, in the past 30 days. Target Price Reflects Potential Upside for MKL Based on short-term price targets offered by four analysts, the Zacks average price target is $1,961.50 per share. The average indicates a potential 2.98% upside from the last closing price. Key Points to Note for MKL Stock MKL has been generating improved premiums. An improvement in new business volume, strong retention levels, continued increases in rates and expanded product offerings should help the insurer retain the momentum. Investment income should continue to benefit from an improving rate environment, higher interest income on cash equivalents, fixed maturity securities and short-term investments due to higher yields. Markel Group considers strategic buyouts a prudent approach to ramp up its growth profile. Acquisitions have helped the company enhance its surety capabilities, ramp up Markel Ventures' revenues and expand its reinsurance product offerings. The insurer has been pursuing acquisitions to achieve profitable growth in insurance operations and create additional value on a diversified basis in Markel Ventures' operations. Higher revenues at construction services and transportation-related businesses due to a combination of increased demand, higher prices and growth, as well as a rise in production at one of the equipment manufacturing businesses, are expected to boost operating revenues. The increase also reflected a full-year contribution from Metromont. MKL: Distribution of Wealth Banking on a strong capital position, the company engages in share buybacks, a prudent way to distribute wealth to its shareholders. MKL has a share repurchase program, authorized by the board, that provides for the repurchase of up to $2 billion of shares. Also, given its solid cash position of $4.2 billion, the company should not face any difficulty in meeting short-term obligations. Conclusion Given the company's strong stock performance, solid retention levels, an improving rate environment, favorable growth estimates and solid capital position, current shareholders may find it wise to hold onto MKL shares. Markel Group's new business volume and prudent capital deployment present significant growth opportunities. Given Markel Group's bearish analyst sentiments surrounding the company, it is better to adopt a wait-and-see approach on this Zacks Rank #3 (Hold) stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Honeywell International Inc. (HON): Free Stock Analysis Report 3M Company (MMM): Free Stock Analysis Report Markel Group Inc. (MKL): Free Stock Analysis Report
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
Hudson's Bay and subsidiaries change names to numbered companies
TORONTO – The company running the defunct department store once known as Hudson's Bay is changing its name — again. New court documents filed overnight show the retailer and its subsidiaries have been renamed as numbered companies. A website for the court monitor appointed to guide the retailer through creditor protection said that the company and its subsidiaries had been given various names beginning with Rupert Legacy on Aug. 8. Rupert Legacy was a reference to Prince Rupert, the Bay's first governor, and Rupert's Land, a vast swath of wilderness Hudson's Bay was given control over in 1670, when it began as a fur trading business. Retailer spokesperson Tiffany Bourré says the Rupert Legacy name was a placeholder it used before making the switch to numbered companies. The department store had to make the change as a condition of an agreement it signed with Canadian Tire Corp. Ltd. to sell its name and trademarks for $30 million. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published Aug. 13, 2025. Companies in this story: (TSX:CTC.A)
