Corporate action

First Seacoast Bancorp Announces Adoption of Plan of Conversion and Reorganization to Undertake Second Step Conversion

Retrieved on: 
Friday, August 12, 2022
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First Seacoast Bancorp (Nasdaq: FSEA), the holding company for First Seacoast Bank, announced today that the Board of Directors of its parent mutual holding company, First Seacoast Bancorp, MHC, has adopted a Plan of Conversion and Reorganization pursuant to which First Seacoast Bancorp, MHC will undertake a second step conversion from the mutual holding company structure to the stock holding company structure.

Key Points: 
  • First Seacoast Bancorp (Nasdaq: FSEA), the holding company for First Seacoast Bank, announced today that the Board of Directors of its parent mutual holding company, First Seacoast Bancorp, MHC, has adopted a Plan of Conversion and Reorganization pursuant to which First Seacoast Bancorp, MHC will undertake a second step conversion from the mutual holding company structure to the stock holding company structure.
  • First Seacoast Bancorp, MHC currently owns approximately 55.7% of the outstanding shares of common stock of First Seacoast Bancorp which it acquired in connection with the reorganization of First Seacoast Bank into the mutual holding company structure and the related initial public offering by First Seacoast Bancorp in July 2019.
  • Detailed information regarding the proposed transaction, including the stock offering, will be sent to stockholders of First Seacoast Bancorp and members of First Seacoast Bancorp, MHC following regulatory approval.
  • Luse Gorman, PC is serving as legal counsel to First Seacoast Bancorp, MHC, First Seacoast Bancorp and First Seacoast Bank.

Macquarie Global Infrastructure Total Return Fund Inc. announces Board approval of reorganization with abrdn Global Infrastructure Income Fund

Retrieved on: 
Thursday, August 11, 2022
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Today, Macquarie Global Infrastructure Total Return Fund Inc. (the Acquired Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol MGU, announced that its Board of Directors (the Board) approved the reorganization of the Acquired Fund into abrdn Global Infrastructure Income Fund (the Acquiring Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol ASGI (the Reorganization).

Key Points: 
  • Today, Macquarie Global Infrastructure Total Return Fund Inc. (the Acquired Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol MGU, announced that its Board of Directors (the Board) approved the reorganization of the Acquired Fund into abrdn Global Infrastructure Income Fund (the Acquiring Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol ASGI (the Reorganization).
  • Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund.
  • abrdn Inc. is the investment adviser of the Acquiring Fund, and Aberdeen Asset Managers Limited is the investment sub-adviser of the Acquiring Fund.
  • Macquarie Global Infrastructure Total Return Fund Inc., a diversified closed-end fund, is listed on the New York Stock Exchange.

Delaware Ivy High Income Opportunities Fund announces Board approval of reorganization with abrdn Income Credit Strategies Fund

Retrieved on: 
Thursday, August 11, 2022
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Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund.

Key Points: 
  • Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund.
  • Aberdeen Asset Managers Limited is the investment adviser of the Acquiring Fund and abrdn Inc. is the investment sub-adviser of the Acquiring Fund.
  • SHAREHOLDERS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQURING FUND.
  • THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQUIRING FUND.

Delaware Enhanced Global Dividend and Income Fund announces Board approval of reorganization with abrdn Global Dynamic Dividend Fund

Retrieved on: 
Thursday, August 11, 2022
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Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund.

Key Points: 
  • Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund.
  • Macquarie Investment Management Austria Kapitalanlage AG is the sub-adviser of the Acquired Fund and provides asset allocation services to the Acquired Fund.
  • SHAREHOLDERS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQURING FUND.
  • THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQUIRING FUND.

Delaware Investments Dividend and Income Fund, Inc. Announces Board Approval of Reorganization with abrdn Global Dynamic Dividend Fund

Retrieved on: 
Thursday, August 11, 2022
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Today, Delaware Investments Dividend and Income Fund, Inc. (the Acquired Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol DDF, announced that its Board of Directors (the Board) approved the reorganization of the Acquired Fund into abrdn Global Dynamic Dividend Fund (the Acquiring Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol AGD (the Reorganization).

Key Points: 
  • Today, Delaware Investments Dividend and Income Fund, Inc. (the Acquired Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol DDF, announced that its Board of Directors (the Board) approved the reorganization of the Acquired Fund into abrdn Global Dynamic Dividend Fund (the Acquiring Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol AGD (the Reorganization).
  • Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund.
  • Macquarie Investment Management Austria Kapitalanlage AG is the sub-adviser of the Acquired Fund and provides asset allocation services to the Acquired Fund.
  • SHAREHOLDERS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES OF THE ACQUIRED FUND AND ACQUIRING FUND.

ALR Technologies Announces First Shipment of GluCurve Pet CGMs Expected in October and Update on the Manufacturing Agreement

Retrieved on: 
Monday, August 1, 2022
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Furthermore, the manufacturing and supply agreement with Infinovo was subject to certain closing conditions, including entering into a binding sales and distribution agreement for the GluCurve Pet CGM by July 31, 2022.

Key Points: 
  • Furthermore, the manufacturing and supply agreement with Infinovo was subject to certain closing conditions, including entering into a binding sales and distribution agreement for the GluCurve Pet CGM by July 31, 2022.
  • The GluCurve Pet CGM is the first and only continuous glucose monitoring system for diabetic cats and dogs.
  • Ltd. is controlled by ALR Technologies Inc., a Company with its shares traded on the OTC:QB under the symbol ALRT.
  • See the Form 8-K filed May 20, 2022, by ALR Technologies Inc. for further information about the Redomicile Merger Agreement.

ALR Technologies Completes Definitive Manufacturing Agreement with Infinovo Medical for the GluCurve Pet CGM Hardware

Retrieved on: 
Wednesday, June 29, 2022
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Ltd (ALRT or the Company) (OTCQB: ALRT), the diabetes management company, announces the completion of a definitive manufacturing agreement with Infinovo Medical Co. Ltd (Infinovo) to manufacture and supply the Continuous Glucose Monitor (CGM) hardware that will be utilized as part of the ALRT GluCurve Pet CGM (the Manufacturing Agreement).

Key Points: 
  • Ltd (ALRT or the Company) (OTCQB: ALRT), the diabetes management company, announces the completion of a definitive manufacturing agreement with Infinovo Medical Co. Ltd (Infinovo) to manufacture and supply the Continuous Glucose Monitor (CGM) hardware that will be utilized as part of the ALRT GluCurve Pet CGM (the Manufacturing Agreement).
  • The Manufacturing Agreement gives ALRT the exclusive global rights to distribute the Infinovo CGM hardware for the animal health market, providing long-term production and supply.
  • Our next targeted milestone is securing distribution for the ALRT GluCurve Pet CGM.
  • See the Form 8-K filed May 20, 2022, by ALR Technologies Inc. for further information about the Redomicile Merger Agreement.

U.S. Court approves LATAM's Reorganization Plan

Retrieved on: 
Sunday, June 19, 2022
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Backed by nearly all of LATAM's creditors, the Plan is the result of months of negotiations among major stakeholders, which included an extensive mediation period.

Key Points: 
  • Backed by nearly all of LATAM's creditors, the Plan is the result of months of negotiations among major stakeholders, which included an extensive mediation period.
  • The confirmation order issued today by the U.S. Court represents the latest milestone in the U.S. Chapter 11 process initiated by LATAM to ensure its long-term sustainability.
  • We are very satisfied with the judge's confirmation of our restructuring plan.
  • Once effective, the LATAM Plan will inject approximately US$8 billion through a combination of a capital increase, the issuance of convertible bonds and new debt.

Grupo Aeroméxico summons its shareholders to discuss the cancellation of registry and delisting of its shares from the Securities Exchange Market

Retrieved on: 
Friday, June 10, 2022
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About Grupo Aeromxico Grupo Aeromxico, S.A.B.

Key Points: 
  • About Grupo Aeromxico Grupo Aeromxico, S.A.B.
  • de C.V., is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs.
  • Aeromxico, Mexico's global airline, has its main hub at Terminal 2 of Mexico City's International Airport.
  • Aeromxico created and implemented a Health and Hygiene Management System (HMSH) to protect its customers and employees at all stages of its operation.

Paddock Enterprises, LLC Plan of Reorganization Confirmed by U.S. Court

Retrieved on: 
Friday, May 27, 2022
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Plan of Reorganization confirmed by U.S. Bankruptcy Court

Key Points: 
  • Plan of Reorganization confirmed by U.S. Bankruptcy Court
    Today, Paddock Enterprises, LLC (Paddock), a wholly owned subsidiary of O-I Glass, Inc. (O-I Glass), announced that an order confirming its Plan of Reorganization (the Plan) was entered by the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court), paving way to the implementation of the Plan and the final stage in the Chapter 11 process.
  • The broad support for the Plan among Claimants is indicative of the positive outcome it delivers to all parties.
  • We look forward to implementing the final steps in the Chapter 11 process following this confirmation by the Bankruptcy Court.
  • Paddock next will seek the United States District Court for the District of Delawares (the District Court) affirmation of the Bankruptcy Courts order.