Latest news with #DRIP
Yahoo
a day ago
- Business
- Yahoo
Petrus Resources Declares Monthly Dividend for June 2025
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ('Petrus' or the 'Company') (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable June 30, 2025, to shareholders of record on June 16, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP")Petrus' DRIP enables eligible shareholders to reinvest all or part of their cash dividends into additional common shares of the Company. Participation in the DRIP is optional. Eligible shareholders who elect to reinvest their cash dividends under the DRIP will receive common shares issued from treasury at a discount of 3% from the market price of the common shares. To participate in the DRIP, registered shareholders must deliver a properly completed enrollment form to Odyssey Trust Company ("Odyssey") before 4:00 p.m. (Calgary time) on the 5th business day immediately preceding a dividend record date. Beneficial shareholders who wish to participate in the DRIP should contact their broker or other nominee through which their Common Shares are held to determine their eligibility and provide appropriate enrollment instructions. Participation by shareholders that are not resident in Canada may be restricted. A complete copy of the DRIP is available on the Company's website at and on Odyssey's website at A copy of the enrollment form for use by registered shareholders is available on Odyssey's website at For further information regarding the DRIP, please contact Odyssey at 1-888-290-1175 (Toll free in North America) or 1-587-885-0960. ABOUT PETRUSPetrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT:Ken Gray President and Chief Executive Officer T: 403-930-0889 E: kgray@
Miami Herald
a day ago
- Business
- Miami Herald
Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for June 2025
MCLEAN, VA / ACCESS Newswire / June 2, 2025 / Gladstone Alternative Income Fund ("Gladstone Alternative" or the "Fund") announced today that its board of trustees declared monthly cash distributions to shareholders for the month of June, increasing the daily dividend rate by 1.149%, in comparison to the May dividend rate. The June distribution amount is $0.00176 per calendar day for each issued and outstanding Class A share, Class C share, and Class I share for the period beginning June 1, 2025 and ending June 30, 2025 (for shareholders who own shares all 30 days in June, the distribution will total $0.0528 per share). The distributions will be paid on July 1, 2025 for Dividend Reinvestment Plan ("DRIP") participants and for non-DRIP participants. John Sateri, President of Gladstone Alternative, noted, "We are pleased to announce the fourth consecutive monthly dividend for Gladstone Alternative, continuing our commitment to delivering consistent income to our investors. We look forward to continuing to create long-term value in the months and years ahead by generating sustainable returns for our shareholders while providing them access to a diversified portfolio of private credit and equity investments." About Gladstone Alternative Income Fund Gladstone Alternative Income Fund is a non-diversified, unlisted, closed-end management investment company registered under the Investment Company Act of 1940 and is operating as an interval fund. The Fund seeks to achieve and grow current income by investing primarily in directly originated loans to lower and middle market private businesses in the United States, broadly syndicated loans and commercial real estate loans. Investors are advised to carefully consider the investment objectives, risks and charges, and expenses of Gladstone Alternative Income Fund before investing. The prospectus, dated November 7, 2024, which has been filed with the U.S. Securities and Exchange Commission, and as supplemented from time to time, contains this and other information about the Fund and should be read carefully before investing. You may get these documents for free by visiting the Fund's website at or by visiting EDGAR on the SEC's website at To obtain a copy of the prospectus, you may also contact Gladstone Securities, LLC, the dealer manager and distributor for this offering, which will arrange to send you the prospectus if you request it by calling toll-free at (833) 849-5993. For further information, please visit our website at SOURCE: Gladstone Alternative Income Fund
The Hindu
6 days ago
- Climate
- The Hindu
Abundant storage in Thirumoorthy Dam raises hopes among farmers for water adequacy in tail-end areas of PAP Main Canal
: The early onset of Southwest monsoon this year that has resulted in impressive storage in Thirumoorthy Dam has infused hope among farmers in the tail-end areas of the PAP (Parambikulam Aliyar Project) Main Canal fed by the dam that there will be a change in the 'artificial drought conditions' caused hitherto by inadequate realisation of water in the canal. At a recent meeting to discuss the issue, the farmers arrived at a decision to stage prolonged protests if the Water Resource Department fails to channel water to a height of 4.8 feet (from the existing 4.5 feet) at the zero point of Vellakovil branch canal. Out of 2300 mcft (million cubic feet) drawn from the dam for supply through PAP main canal, the water distribution for Vellakoil branch should be one-eighth. Even if 20% of water transmission loss is factored in, the realisation has to be not less than 230 mcft at the zero point. 'But, the water realisation is only 170 mcft. This is not sufficient. At some locations in tail-end areas, water flow does not last even for two days. There is severe shortage of water for livestock, drinking purpose and irrigation,' P. Velusamy, president of PAP Vellakoil Branch Canal Water Conservation Movement said. The farmers hope the Water Resources Department will deploy better water management methods this time around with abundant water in the Thirumoorthy Dam. Against the full depth of 60 feet, the level in the dam rose up to 53.92 ft on Wednesday. The storage was 1483 mcft against capacity of 1744. Against inflow of 252 cusecs, discharge of 1160 cusecs was maintained. At the same day last year, the level was 31.1 feet and storage was 680 mcft. Also, the usable storage of the system dams of Parambikulam Aliyar Project was estimated at 7269.92 mcft by the Water Resources Department, on Wednesday. Official sources said the State Government has been promised funds by the Union Ministry of Jal Sakthi under Dam Rehabilitation and Improvement Project (DRIP). Phase II and III, co-financed by the World Bank and the Asian Infrastructure and Investment Bank. Thirumoorthy Dam figures among 145 out of 736 dams proposed in the two phases that are more than 60 years old.
Yahoo
27-05-2025
- Business
- Yahoo
FARMERS AND MERCHANTS BANCSHARES, INC. PROVIDES UPDATE ON ITS DIVIDEND REINVESTMENT PLAN AND SEMI-ANNUAL DIVIDEND
HAMPSTEAD, Md. , May 27, 2025 (GLOBE NEWSWIRE) -- Farmers and Merchants Bancshares, Inc. (the 'Company'), the parent of Farmers and Merchants Bank (the 'Bank'), filed a Registration Statement on Form S-1 (the 'Registration Statement') with the Securities and Exchange Commission the 'SEC') for the purpose of registering shares of the Company's common stock for issuance under a new 2025 Dividend Reinvestment Plan (the '2025 DRIP'). The 2025 DRIP will replace the dividend reinvestment plan that the Company implemented in May 2017 under which no further shares remain available for issuance. The Registration Statement is not complete and is subject to review by, and must be declared effective by, the SEC before the Company can offer or sell any shares under the 2025 DRIP. Because the Company cannot predict when or if the SEC will complete its review of the Registration Statement and declare it effective, and to allow stockholders sufficient time after the Registration Statement is declared effective to enroll in the 2025 DRIP, the Company's Board of Directors has determined to delay the declaration of the semi-annual cash dividend. Although the Company can make no assurances, it anticipates that such dividend will be declared in June 2025. This one-time deviation to accommodate the 2025 DRIP does not represent an intention by the Company's Board of Directors to alter its historical practice of declaring semi-annual cash dividends going forward. The information set forth in this press release is not an offer to sell, or a solicitation of an offer to buy, any securities, or a solicitation of consents with respect to any securities. Offers and sales under the 2025 DRIP may be made only pursuant to a final prospectus that will be included in the Registration Statement and distributed to stockholders if and when the Registration Statement is declared effective. Caution Regarding Forward-Looking Statements Certain statements in this report may constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'predict,' 'project,' 'should,' and 'will' and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about, among other things, the industry and the markets in which the Company operates, are not guarantees of future performance, and involve risks, assumptions and uncertainties, including, but not limited to, risks related to the SEC's review of the Registration Statement in the anticipated timeframe or at all. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results anticipated will be realized, or if substantially realized, will have the expected consequences on our business or operations. These and other risks are discussed in detail in the registration statements and periodic reports that the Company files with the SEC (see Item 1A of Part I of the Company's Annual Report on Form 10-K, as amended, for the year ended December 31, 2024. Except as required by applicable laws, the Company does not intend to publish updates or revisions of any forward-looking statements that the Company makes to reflect new information, future events or otherwise. About Farmers and Merchants Bancshares, Inc. The Company is a financial holding company and the parent company of the Bank. The Bank was chartered in Maryland in 1919 and has over 100 years of service to the community. The Bank serves the deposit and financing needs of both consumers and businesses in Carroll and Baltimore Counties along the Route 30, Route 795, Route 140, Route 26, and Route 45 corridors. The main office is located in Upperco, Maryland, with seven additional branches in Owings Mills, Hampstead, Greenmount, Reisterstown, Westminster, Eldersburg, and Towson. Certain broker-dealers make a market in the common stock of Farmers and Merchants Bancshares, Inc., and trades are reported through the OTC Markets Group's Pink Market under the symbol 'FMFG'. FOR FURTHER INFORMATION CONTACT: Mr. Gary A. HarrisPresident & CEO(410) 374-1510, Ext. 1104 Farmers and Merchants Bancshares, Inc.4510 Lower Beckleysville Rd, Suite HHampstead, Maryland 21074Error 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
Yahoo
23-05-2025
- Business
- Yahoo
Brompton Funds Declare Distributions
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- (TSX: DGS, GDV, LBS, LCS, PWI, SBC) – Brompton Funds announces distributions payable on June 13, 2025 to class A shareholders of record at the close of business on May 30, 2025 for each of the following funds: Ticker Amount Per Share Dividend Growth Split Corp. ('DGS') DGS $ 0.10 Global Dividend Growth Split Corp. ('GDV') GDV $ 0.10 Life & Banc Split Corp. ('LBS') LBS $ 0.10 Brompton Lifeco Split Corp. ('LCS') LCS $ 0.075 Sustainable Power & Infrastructure Split Corp. ('PWI') PWI $ 0.085 Brompton Split Banc Corp. ('SBC') SBC $ 0.10 Brompton Funds announces distributions payable on June 13, 2025 to preferred shareholders of record at the close of business on May 30, 2025 for the following fund: Ticker Amount Per Share Dividend Growth Split Corp. $ 0.16875 The funds noted above offer distribution reinvestment plans ('DRIP') for class A shareholders which provide class A shareholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth. Class A shareholders can enroll in a DRIP program by contacting their investment advisor. About Brompton FundsFounded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other Toronto Stock Exchange ('TSX') traded investment funds. For further information, please contact your investment advisor, call Brompton's investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@ or visit our website at You will usually pay brokerage fees to your dealer if you purchase or sell units or shares of the investment funds on the TSX or other alternative Canadian trading system (an 'exchange'). If the units or shares are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units or shares of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about a fund in the public filings available at Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds. In some cases, forward-looking information can be identified by terms such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'believe', 'intend', 'estimate', 'predict', 'potential', 'continue' or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.
