Latest news with #prospectus
National Post
5 days ago
- Business
- National Post
Emera Incorporated Announces Results of Series A and Series B First Preferred Shares Conversion
Article content HALIFAX, Nova Scotia — Emera Incorporated ('Emera' or the 'Company') (TSX/NYSE: EMA) announces that it has provided notice to the holders of its Cumulative 5-Year Rate Reset First Preferred Shares, Series A (the 'Series A Shares') and to the holders of its Cumulative Floating Rate First Preferred Shares, Series B (the 'Series B Shares') that 1,300 of its 4,866,814 issued and outstanding Series A Shares were tendered for conversion, on a one-for-one basis, into Series B Shares and that 569,430 of its 1,133,186 issued and outstanding Series B Shares were tendered for conversion, on a one-of-one basis, into Series A Shares. Article content Emera has also notified holders of its Series A Shares and Series B Shares, after having taken into account all shares tendered for conversion by holders of its Series A Shares and Series B Shares, as the case may be (collectively, the 'Holders'), by the July 31, 2025 deadline for conversion notices, the Company has determined that there would be outstanding on August 15, 2025 (the 'Conversion Date') less than 1,000,000 Series B Shares. Therefore, in accordance with certain conditions set out in the Company's prospectus supplement dated May 26, 2010, to the Company's short form base shelf prospectus dated May 19, 2010 (collectively, the 'Prospectus'), the Company has advised the Holders that no Series A Shares will be converted into Series B Shares and all remaining Series B Shares will automatically be converted into Series A Shares on a one-for-one basis on the Conversion Date. Article content Article content Emera further announces that it will have 6,000,000 Series A Shares issued and outstanding after conversion on August 15, 2025. The Series A Shares will continue to be listed on the Toronto Stock Exchange ('TSX') under the symbol The Series B Shares will no longer be listed on the TSX after the Conversion Date. Article content Holders of Series A Shares will have the opportunity to convert their shares again on August 15, 2030, and every five years thereafter as long as the shares remain outstanding. For more information on the terms of, and risks associated with, an investment in Series A Shares and Series B Shares, please see the Company's Prospectus, which is available on SEDAR+ at Article content Forward Looking Information Article content This news release contains forward-looking information or forward looking statements within the meaning of applicable securities laws (collectively, 'forward-looking information'), including without limitation, statements about Series A Shares and Series B Shares. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management's current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera's assumptions may not be correct and that actual results may differ materially from those expressed or implied by such forward-looking information. The forward-looking information in this news release is made only as of the date of thereof, and Emera disclaims any intention or obligation to update or revise any such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera's securities regulatory filings, including under the heading 'Enterprise Risk and Risk Management' in Emera's annual Management's Discussion and Analysis, and under the heading 'Principal Financial Risks and Uncertainties' in the notes to Emera's annual and interim financial statements, which can be found on SEDAR+ at or on EDGAR at Article content About Emera Article content Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.6 million customers in Canada, the United States and the Caribbean. Our team of 7,600 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange. Additional information can be accessed at on SEDAR+ at and on EDGAR at Article content Article content Article content Contacts Article content Emera Inc. Article content Article content Investor Relations Article content 902-233-2674 Article content Article content Article content Article content
Yahoo
5 days ago
- Business
- Yahoo
Emera Incorporated Announces Results of Series A and Series B First Preferred Shares Conversion
HALIFAX, Nova Scotia, August 07, 2025--(BUSINESS WIRE)--Emera Incorporated ("Emera" or the "Company") (TSX/NYSE: EMA) announces that it has provided notice to the holders of its Cumulative 5-Year Rate Reset First Preferred Shares, Series A (the "Series A Shares") and to the holders of its Cumulative Floating Rate First Preferred Shares, Series B (the "Series B Shares") that 1,300 of its 4,866,814 issued and outstanding Series A Shares were tendered for conversion, on a one-for-one basis, into Series B Shares and that 569,430 of its 1,133,186 issued and outstanding Series B Shares were tendered for conversion, on a one-of-one basis, into Series A Shares. Emera has also notified holders of its Series A Shares and Series B Shares, after having taken into account all shares tendered for conversion by holders of its Series A Shares and Series B Shares, as the case may be (collectively, the "Holders"), by the July 31, 2025 deadline for conversion notices, the Company has determined that there would be outstanding on August 15, 2025 (the "Conversion Date") less than 1,000,000 Series B Shares. Therefore, in accordance with certain conditions set out in the Company's prospectus supplement dated May 26, 2010, to the Company's short form base shelf prospectus dated May 19, 2010 (collectively, the "Prospectus"), the Company has advised the Holders that no Series A Shares will be converted into Series B Shares and all remaining Series B Shares will automatically be converted into Series A Shares on a one-for-one basis on the Conversion Date. Emera further announces that it will have 6,000,000 Series A Shares issued and outstanding after conversion on August 15, 2025. The Series A Shares will continue to be listed on the Toronto Stock Exchange ("TSX") under the symbol The Series B Shares will no longer be listed on the TSX after the Conversion Date. Holders of Series A Shares will have the opportunity to convert their shares again on August 15, 2030, and every five years thereafter as long as the shares remain outstanding. For more information on the terms of, and risks associated with, an investment in Series A Shares and Series B Shares, please see the Company's Prospectus, which is available on SEDAR+ at Forward Looking Information This news release contains forward-looking information or forward looking statements within the meaning of applicable securities laws (collectively, "forward-looking information"), including without limitation, statements about Series A Shares and Series B Shares. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management's current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera's assumptions may not be correct and that actual results may differ materially from those expressed or implied by such forward-looking information. The forward-looking information in this news release is made only as of the date of thereof, and Emera disclaims any intention or obligation to update or revise any such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera's securities regulatory filings, including under the heading "Enterprise Risk and Risk Management" in Emera's annual Management's Discussion and Analysis, and under the heading "Principal Financial Risks and Uncertainties" in the notes to Emera's annual and interim financial statements, which can be found on SEDAR+ at or on EDGAR at About Emera Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.6 million customers in Canada, the United States and the Caribbean. Our team of 7,600 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera's common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange. Additional information can be accessed at on SEDAR+ at and on EDGAR at View source version on Contacts Emera Inc. Investor Relations Dave Bezanson, VP, Investor Relations & Media Dina Bartolacci Seely, Manager, Corporate Communications902-478-0080media@ 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
Globe and Mail
23-07-2025
- Business
- Globe and Mail
Diversified Royalty Corp. Announces Filing of Final Short Form Base Shelf Prospectus
VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and (the 'Corporation' or 'DIV') announced today that it has filed, and received receipt for, a final short form base shelf prospectus (the 'Prospectus'). The Prospectus was filed with the securities regulatory authorities in each of the provinces and territories of Canada. DIV's prior short form base shelf prospectus dated June 19, 2023, expired on July 19, 2025. Accordingly, DIV filed the Prospectus to maintain financial flexibility and efficient access to Canadian capital markets to pursue strategic initiatives. A copy of the Prospectus is available under DIV's profile on SEDAR+ at The Prospectus is valid for a 25-month period during which time DIV may, from time to time, issue common shares, warrants, subscription receipts, debt securities, convertible securities or rights or any combination thereof, including in the form of units (collectively, the 'Securities'). The specific terms of any offering of Securities will be described in one or more shelf prospectus supplements which will be filed at the time of the offering of such Securities. There is no certainty any Securities will be offered or sold under the Prospectus within the 25-month effective period. About Diversified Royalty Corp. DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV's objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors. DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito and Cheba Hut trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada's largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada's leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada. Cheba Hut is a fast casual toasted sub sandwich franchise with locations in the United States. DIV's objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows. Forward-Looking Information Certain statements contained in this news release may constitute 'forward-looking information' within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words 'anticipate', 'continue', 'estimate', 'expect', 'intend', 'may', 'will', 'project', 'should', 'believe', 'confident', 'plan' and 'intends' and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: the Prospectus being filed to provide DIV with financial flexibility and efficient access to Canadian capital markets to pursue strategic initiatives; the specific terms of any offering of Securities will be described in one or more shelf prospectus supplements which will be filed at the time of the offering of such Securities; DIV's objective to continue to pay predictable and stable monthly dividends to shareholders; and DIV's corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will complete any offerings of Securities under the Prospectus; DIV will be able to make monthly dividend payments to the holders of its common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV's business and the businesses of its royalty partners can be found in the 'Risk Factors' section of its Annual Information Form dated March 24, 2025 and in its most recent Management's Discussion and Analysis, copies of each of which are available under DIV's profile on SEDAR+ at In formulating the forward-looking information contained herein, management has assumed that, among other things: DIV will complete one or more offerings of Securities under the Prospectus and one or more shelf prospectus supplements and DIV will successfully deploy the proceeds therefrom; DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect. All of the forward-looking information in this news release is qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Additional information relating to the Corporation and other public filings, is available on SEDAR+ at Greg Gutmanis, President and Chief Financial Officer Diversified Royalty Corp. (236) 521-8471
Reuters
14-07-2025
- Business
- Reuters
UK financial watchdog rolls out new rules to boost capital markets
LONDON, July 15 (Reuters) - Britain's financial regulator will scrap the need for most listed companies to publish lengthy prospectus documents before issuing new shares as part of its latest efforts to boost the appeal of the country's public markets. After consulting with the industry on the plans last year, the Financial Conduct Authority said on Tuesday that companies already listed on London's markets will only have to draw up a prospectus document if they are raising more than 75% of their existing share capital, up from the existing threshold of 20%. Prospectuses offer details on companies raising capital and include information on areas like financial records and the size of the offering. Stripping back those rules would make it easier for companies to raise the money they need to grow, the FCA said. The change is one of several designed to ease the way that companies can raise money after a slump in activity on Britain's public markets in recent years. 'These bold shifts promote innovation, lower costs, and enable a broader investor base for growing businesses,' said Simon Walls, executive director of markets at the FCA, in a statement. As part of the wider package of reforms, the time between a prospectus being issued and an initial public offering will also be halved to three days in a bid to help companies list more quickly. Firms will be able to issue bonds to retail investors more easily with a single disclosure standard bond prospectus, the FCA said. The regulator also has set up a new platform for public offers, akin to crowdfunding but for larger deals, whereby companies can make larger offers of shares or bonds without a lengthy prospectus above 5 million pounds, it said. The changes were confirmed by the regulator ahead of a speech by Britain's finance minister Rachel Reeves at the Mansion House in London on Tuesday, in which she will task regulators with lowering barriers to businesses seeking to cut their emissions, a government source told Reuters previously. The FCA's latest reforms follow a wider package of changes to the listing rules introduced last July, which it described as the biggest shake up in the rules in 30 years.
Bloomberg
14-07-2025
- Business
- Bloomberg
UK to Pursue Plans to Cut Corporate Fundraising Paperwork
The UK's Financial Conduct Authority is pushing ahead with plans to make it easier for companies to tap markets for more funds, acknowledging that the reforms come with risks for investors and companies. The FCA said on Tuesday that listed companies can raise a further 75% of their equity capital without issuing a prospectus, lifting the threshold from 20%. The FCA estimated it will reduce costs for secondary sales by about £40 million ($53.7 million) per year.
