Latest news with #CALF
Yahoo
5 days ago
- Entertainment
- Yahoo
CALF adjusts plans amid Cypress Street construction
ABILENE, Texas () – Due to the ongoing revitalization project on Cypress Street, the Children's Art & Literacy Festival is adjusting its usual procedures to accommodate the construction. Every year, the Children's Art and Literacy Festival (CALF), as it is often referred to, strives to bring interactive and educational experiences to children all over the Big Country. However, this year's festival will experience some differences in its everyday operations with the reconstruction of Cypress Street. Ordinarily, the CALF sees Cypress Street in downtown Abilene transformed with features including live entertainment, street vendors, and families navigating from venue to venue. Normal operations for the festival include shutting down Cypress Street for regular foot traffic, but the progress with construction currently has the roadway along Cypress completely tore up. For safety, a temporary fence blocks public access to the street area, and festival goers will now have to utilize the sidewalk for certain sections of Cypress Street strictly. One of the main organizers for the CALF is the Abilene Cultural Affairs Council, and Executive Director Lynn Barnett spoke about how, despite the construction, they've worked to ensure patrons have an easy experience. 'The city has been great about working with us and making sure that, you know, people are still able to navigate the festival. We still have transportation running, and we are still close to the same, you know, North First along here. So really, I don't think festival-goers will notice any real change,' Barnett said. Although the changes should only cause minor inconveniences, Lynn Barnett of the Abilene Cultural Affairs Council advises anyone attending the CALF to ensure a smooth experience. 'Plan your agenda, plan your visits to the various readings, to the marionettes, to the singing zoologist. We're really excited about this year's Calf Festival and look forward to seeing people downtown,' said Barnett. The Children's Art and Literacy Festival will begin on Thursday, June 12, and will run until Saturday, June 14. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
6 days ago
- Business
- Yahoo
Boom Bust: Assets Flee CALF as Performance Slumps
The Pacer US Small Cap Cash Cows ETF (CALF) has fallen sharply out of favor in 2025, as a dramatic reversal in performance has triggered a flood of outflows from the once-high-flying fund. Year to date, investors have yanked $2.6 billion from the ETF, the 12th-largest outflow among all U.S.-listed exchange-traded funds. That exodus, combined with deep losses, has slashed the fund's assets by nearly half—from $8.1 billion at the start of the year to $4.3 billion today. At its peak in 2024, CALF had just under $10 billion in assets. The sharp reversal underscores how quickly investor sentiment can shift. CALF's recent struggles have been particularly stark given its meteoric rise in prior years. From just $1 billion in assets in October 2022, the fund ballooned to nearly $10 billion in April 2024 thanks to blistering 2023 performance. That year, the ETF surged 35%, roughly double the returns of the biggest small-cap ETFs, including the iShares Russell 2000 ETF (IWM), the Vanguard Small-Cap ETF (VB) and the iShares Core S&P Small-Cap ETF (IJR). But the magic didn't last. In 2024, CALF dropped 7.4% even as its small-cap peers gained between 8% and 15%. And in 2025, the performance gap has only widened. As of now, the fund is down 12.5% on the year, compared to a 6.9% decline for IWM, a 4.7% drop for VB and an 8.2% loss for IJR. CALF's underperformance reflects both its concentrated nature and its unique strategy. While IWM, VB and IJR track broad, market cap-weighted indexes with hundreds or even thousands of holdings—none of which typically make up more than 0.5% of the portfolio—CALF is much more selective. The ETF chooses 200 companies with the highest free cash flow yields (free cash flow divided by enterprise value) from the small-cap universe. It's a value-leaning approach but one distinct from traditional value screens, such as those that emphasize price-to-book or price-to-earnings ratios. As a result, CALF's portfolio is relatively concentrated, with the top 10 holdings making up around 20% of assets and the top 20 more than 35%. Individual stocks can carry weights of 2% or more. That's not unusually high for ETFs overall, but it's elevated compared to other broad small-cap funds. Unfortunately for CALF, many of its top holdings have fared poorly in the past year and a half. Just five companies—Xerox Holdings Corp. (XRX), Alpha Metallurgical Resources Inc. (AMR), Peabody Energy Corp. (BTU), Signet Jewelers Limited (SIG) and Ironwood Pharmaceuticals Inc. (IRWD)—have collectively wiped nearly six percentage points off the fund's returns since the start of 2024. That kind of drag is difficult to overcome, and it's especially painful for a strategy that pitches itself as a more disciplined, cash-flows-focused alternative to traditional small-cap investing. To be clear, this year's weakness doesn't appear to be a referendum on value investing itself. Over the past 17 months, the Vanguard Small-Cap Value ETF (VBR) is up 8% while CALF has fallen 19%. VBR tracks the CRSP US Small Cap Value Index, which uses a multi-factor model that selects stocks based on price-to-book, various price-to-earnings ratios, dividend yields and price-to-sales ratios. CALF's struggles highlight the risks of a relatively concentrated portfolio of small-cap stocks. When it works, it can outperform in a big way. But when it doesn't, investors may quickly head for the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Dublin Live
22-05-2025
- Business
- Dublin Live
Construction begins on 95 social homes in north Dublin
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Construction commenced this week in Cabra for Focus Housing Association's housing development at Blackbird Park. The project will see 95 A2-rated social homes delivered at the 2.03-hectare site on Dominican Sisters lands off Ratoath Road. The Dominican sisters gifted the land to Focus Housing Association will be delivered in collaboration with Dublin City Council, Department of Housing, Local Government & Heritage and the Housing Finance Agency. The 95 A2-Rated social homes will comprise of 14 two-bedroom apartments, 21 two-bedroom apartments, 13 two-bed duplex, 13 three-bed duplex and one four-bed duplex dwellings across five three-storey blocks. The development will also include two community rooms for future tenant use and considerable public open space of over 7,300m², including a public green area and children's play space. Speaking at the sod-turning ceremony, Pat Dennigan, CEO of Focus Ireland, said: 'Focus Housing Association is honoured today to deliver Blackbird Park in due course. This represents our largest housing scheme to date, and, I'm privileged to say developed and designed by Focus Housing Association with support and guidance from ABK Architect's, and A2 Architects and JFOC Architects. "These energy-efficient, sustainable, and high-quality homes will be provided to families and individuals most in need and is only possible because of the generous donation of land received from the Dominican Sisters, Cabra to Focus Housing Association. "This year, marks Focus Ireland 40th Anniversary, however, we don't see it as something to celebrate when so many people are affected by the current housing situation and upward challenges of homelessness in our society. Therefore, developments like Blackbird Park are the type of scheme helping us meet our new build social housing delivery targets and allowing us to strengthen social cohesion and grow community life for long-term homeless families and individuals struggling to find a place to call home." Speaking at the sod-turning at Blackbird Park Minister for Housing, James Browne said, 'I'm delighted to be here today in the constituency of Dublin Central to turn the sod at this important housing scheme which showcases the positive impact of environmental regeneration can have on our housing situation. "As we work towards addressing the challenges, to resolving and increase the supply of housing, all forms of housing an achieving the targets outlined under a new Housing for All plan, developments such as The Blackbird Park site in Ratoath Road, Cabra will alleviate some of the pressure on the housing market and provide quality and sustainable homes for families, young people and the wider community through CALF, HFA funds. "I want to commend Focus Housing Association and Focus Ireland, who, working with the State – at local authority level with Dublin City Council, with the Housing Finance Agency and with my own Department of Housing, Local Government and Heritage, have been able to get this development over the line. Partnership and cooperation with approved housing bodies (AHBs), such as Focus Housing Association, is vital as we improve delivery speed and work to meet new Housing for All targets.' Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.
Yahoo
16-05-2025
- Business
- Yahoo
Verallia Obtains Consent of the Group's Lenders in the Context of the Takeover Bid Initiated by BWGI
PARIS, May 16, 2025--(BUSINESS WIRE)--Regulatory News: Verallia (Paris:VRLA) announces today that it has obtained the consent of its bank lenders to amend the change of control clause of its existing banking financing facilities1 so that the completion of the public takeover bid initiated by BWGI, filed with the French Financial Markets Authority (Autorité des marchés financiers) on April 24, 2025 (the "Offer"), will not trigger their early repayment. With regard to certain other Group financings, Verallia has also obtained Bpifrance's waiver of its right to request early repayment of an amortizable loan2 in the event of the change of control clause stipulated in this loan being triggered in connection with the completion of the Offer, and has also obtained Crédit Agricole Leasing & Factoring's (CALF) consent to amend the change of control clause provided for in the Group's pan-European and UK factoring programs3, so that it will not be triggered by the completion of the Offer. CALF has also agreed to extend the term of these factoring programs from December 1, 2025, to June 1, 2026. Verallia is pleased with the confidence shown by its financial partners. About Verallia At Verallia, our purpose is to re-imagine glass for a sustainable future. We want to redefine how glass is produced, reused and recycled, to make it the world's most sustainable packaging material. We work together with our customers, suppliers and other partners across the value chain to develop new, beneficial and sustainable solutions for all. With almost 11,000 employees and 35 glass production facilities in 12 countries, we are the European leader and world's third-largest producer of glass packaging for beverages and food products. We offer innovative, customised and environmentally friendly solutions to over 10,000 businesses worldwide. Verallia produced more than 16 billion glass bottles and jars and recorded revenue of €3.5 billion in 2024. Verallia's CSR strategy has been awarded the Ecovadis Platinum Medal, placing the Group in the top 1% of companies assessed by Ecovadis. Our CO2 emissions reduction target of -46% on scopes 1 and 2 between 2019 and 2030 has been validated by SBTi (Science Based Targets Initiative). It is in line with the trajectory of limiting global warming to 1.5° C set by the Paris Agreement. Verallia is listed on compartment A of the regulated market of Euronext Paris (Ticker: VRLA – ISIN: FR0013447729) and trades on the following indices: CAC SBT 1.5°, STOXX600, SBF 120, CAC Mid 60, CAC Mid & Small and CAC All-Tradable. Disclaimer This press release does not contain, nor does it constitute, an offer of securities or a solicitation to invest in securities in France, the United States, or any other jurisdiction. Protection of personal data You may unsubscribe from the distribution list of our press releases at any time by sending your request to the following email address: investors@ Press releases will still be available via the website Verallia SA, as data controller, processes personal data for the purpose of implementing and managing its internal and external communication. This processing is based on legitimate interests. The data collected (last name, first name, professional contact details, profiles, relationship history) is essential for this processing and is used by the relevant departments of the Verallia Group and, where applicable, its subcontractors. Verallia SA transfers personal data to its service providers located outside the European Union, who are responsible for providing and managing technical solutions related to the aforementioned processing. Verallia SA ensures that the appropriate guarantees are obtained in order to supervise these data transfers outside of the European Union. Under the conditions defined by the applicable regulations for the protection of personal data, you may access and obtain a copy of the data concerning you, object to the processing of this data and request for it to be rectified or erased. You also have a right to restrict the processing of your data. To exercise any of these rights, please contact the Group Financial Communication Department at investors@ If, after having contacted us, you believe that your rights have not been respected or that the processing does not comply with data protection regulations, you may submit a complaint to the CNIL (Commission nationale de l'informatique et des libertés — France's regulatory body). 1 Bank financing facilities comprising (i) a syndicated credit agreement of €1.1 billion comprising (a) a term loan of an initial principal amount of €550 million, of which the principal amounts outstanding at the date of this press release amount to €200 million, bearing interest at Euribor + 1.75%, and (b) a revolving credit facility (RCF) of €550 million, unused at the date of this press release, bearing interest at Euribor + 1.25% and (ii) a revolving credit facility of €250 million, drawn for €120 million as of the date of this press release, bearing interest at Euribor + 0.80%.2 Outstanding amounts due of €23 million as of March 31, 2025.3 Factoring programs for a maximum amount of €500 million and €50 million, respectively. View source version on Contacts Press contacts Sara Natij & Laurie Dambrineverallia@ | +33 (0)7 68 68 83 22Investor relations contacts David Placet | Michele Degani | Benoit GrangeTristan Roquet-Montégonverallia@ Sign in to access your portfolio
