Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Valener Announces Closing of Arrangement MONTREAL, Sept. 27, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (« Valener ») (TSX : VNR) (TSX : VNR.PR.A) the public investment vehicle in Énergir, L.P. today announces the completion of the previously announced acquisition of all of Valener’s issued and outstanding common shares (the “Common Shares”) and all of Valener’s issued and outstanding Cumulative Rate Reset Preferred Shares, Series A (the “Preferred Shares”) by Noverco Acquisition, Inc., a wholly-owned subsidiary of Noverco Inc. Pursuant to the statutory plan of arrangement (the “Arrangement”) ...
Valener Announces That it Has Received the Approval of the Vermont Public Utility Commission and Announces the Imminent Filing of the Articles of Arrangement MONTREAL, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (« Valener ») (TSX : VNR) (TSX : VNR.PR.A) the public investment vehicle in Énergir, L.P. today announced that following the regulatory approval process led by Noverco Acquisition, Inc. (the “Acquirer”) before the Vermont Public Utility Commission (“VPUC”), the VPUC has given its approval to the Acquirer, a wholly-owned subsidiary of Noverco Inc., to proceed with the acquisiti...
Valener Provides an Update on the Arrangement Agreement and Announces Its 2019 Third Quarter Results MONTREAL, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., today reported its 2019 third quarter results. The results of Énergir, L.P., Valener’s primary investment, are also presented in this press release. Update on the arrangement On March 27, 2019, a definitive arrangement agreement (the “arrangement agreement”) was signed wherein Noverco Inc., a private company and indirect controlling partner of...
Valener Declares Quarterly Dividends MONTREAL, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) today announced that its Board of Directors declared, on August 7,2019, a quarterly dividend of $0.30 per common share, payable on October 15, 2019, to common shareholders of record at the close of business on September 30, 2019. The Board of Directors also declared a quarterly dividend of $0.28875 per Series A preferred share, payable on October 15, 2019, to shareholders of record at the close of business on October 8, 2019. Both dividends are designated ...
Valener Announces the Receipt of Final Court Approval for Arrangement MONTRÉAL, June 18, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) the public investment vehicle in Énergir, L.P. today announced that the Québec Superior Court issued a final order, on June 14, 2019, approving the previously announced statutory arrangement under the Canada Business Corporations Act with respect to Valener’s common shares and preferred shares, pursuant to the Arrangement Agreement publicly announced on March 27, 2019 (the "Arrangement"). The completion of the Arrangement re...
Valener Announces the Result of the Vote Held at the Special Meeting of the Holders of Shares MONTRÉAL, June 11, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) the public investment vehicle in Énergir, L.P. is pleased to announce that at its special meeting of shareholders held today, June 11, 2019 (the "Meeting"), shareholders approved the acquisition of Valener by Noverco Inc. ("Noverco") (the "Announced Transaction") pursuant to the Arrangement Agreement publicly announced on March 27, 2019 (the "Arrangement"). As provided for in the Arrangement, two res...
Update on the Announced Transaction With Noverco MONTRÉAL, June 03, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) the public investment vehicle in Énergir, L.P. is pleased to announce that Institutional Shareholder Services ("ISS") has recommended that Valener shareholders vote FOR the acquisition of Valener by Noverco Inc. (“Noverco”) (the "Announced Transaction") pursuant to the Arrangement Agreement publicly announced on March 27, 2019 (the "Arrangement") at the Special Meeting of Shareholders to be held on June 11, 2019. ISS is a leading independent pro...
Valener Announces Its 2019 Second-Quarter Results and Provides an Update on Its Arrangement Agreement MONTRÉAL, May 10, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., today reported its 2019 second-quarter results. The results of Énergir, L.P., Valener’s primary investment, are also presented in this press release. Update on the arrangement On March 27, 2019, a definitive arrangement agreement (the “Arrangement Agreement”) was signed wherein Noverco Inc., a private company and indirect controlling partner o...
Valener Declares Quarterly Dividends MONTRÉAL, May 10, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) today announced that its Board of Directors declared, on May 9, 2019, a quarterly dividend of $0.30 per common share, payable on July 15, 2019, to common shareholders of record at the close of business on June 30, 2019. The Board of Directors also declared a quarterly dividend of $0.28875 per Series A preferred share, payable on July 15, 2019, to shareholders of record at the close of business on July 8, 2019. Both dividends are designated as eligible divid...
Valener Confirms Having Obtained an Interim Order and Announces a Special Meeting of Shareholders MONTRÉAL, April 17, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener” or the “Company”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., announces today that it obtained an interim order from the Québec Superior Court (the “Interim Order”), pursuant to which, among other things, Valener is authorized to hold and conduct a special meeting (the “Meeting”) where holders of common shares and holders of preferred shares of Valener (together, the “Shareholders”), voting se...
Valener Confirms the Suspension of its Dividend Reinvestment Plan MONTRÉAL, March 29, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener” or the “Company”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., today confirms that, in connection with its anticipated acquisition by Noverco Acquisition, Inc. through a plan of arrangement announced earlier this week, it has suspended the application of its Dividend Reinvestment Plan (“DRIP”) effective as of March 29, 2019. Valener’s previously announced cash dividend of $0.30 per common share payable on April 15, 2019 to s...
Valener Agrees to be Acquired by Noverco MONTREAL, March 27, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener” or the “Company”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., and Noverco Inc. (“Noverco”), the controlling partner of Energir, L.P., announced today that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which Noverco will acquire indirectly all of the issued and outstanding common shares of Valener (the “Common Shares”) for $26.00 per Common Share in cash and all of the issued and outstanding Cumul...
Valener Shareholders Approve All Resolutions Submitted at the Annual Meeting of Shareholders MONTRÉAL, March 22, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., is pleased to announce that the two resolutions proposed, i.e., the resolution for the election of directors and the resolution for the appointment of KPMG LLP, have all been adopted at its Annual Meeting of Shareholders that was held today. Election of directors Each of the five nominees listed in the Management Proxy Circular dated February 8, 2019...
Valener to Hold Annual Meeting of Shareholders MONTREAL, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., will hold its annual meeting of shareholders on March 21, 2019 at 10:00 a.m. (Eastern Time) at Énergir, L.P.’s head office, 1717 du Havre Street, Montréal (Québec). The annual meeting agenda includes the election of directors and appointment of the independent external auditor. Shareholders, media and other interested parties who are unable to attend the meeting are invited to listen to a live we...
Valener and Énergir, L.P. Report Their Fiscal 2019 First Quarter Results MONTREAL, Feb. 08, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., today reported its fiscal 2019 first quarter results. The results of Énergir, L.P., Valener’s primary investment, are also presented in this press release. Summary of Valener's results FINANCIAL HIGHLIGHTS Adjusted net income (1),( 2) of $24.6 million ($0.63 per common share) for the first quarter of fiscal 2019, up 23% from $20.0 million ($0.51 per common share) in the f...
Valener Declares Quarterly Dividends MONTREAL, Feb. 08, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) today announced that its Board of Directors declared, on February 7, 2019, a quarterly dividend of $0.30 per common share, payable on April 15, 2019, to common shareholders of record at the close of business on March 31, 2019. The Board of Directors also declared a quarterly dividend of $0.28875 per Series A preferred share, payable on April 15, 2019, to shareholders of record at the close of business on April 8, 2019. Both dividends are designated as elig...
Valener and Énergir, L.P. Conference Call to Discuss First Quarter Fiscal 2019 Results MONTRÉAL, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) and Énergir, L.P., plan to announce their first quarter 2019 results on Friday, February 8, 2019, at approximately 8:00 a.m. (ET). A conference call to discuss the firm’s results will be held at 1:00 p.m. (ET) and will be open to the public. Dial-in:647-427-3388 or toll-free 877-223-4471 Webcast:accessible under “Events and presentations” in the “Investors” section of Replay:A replay of the call will be a...
Valener Declares Quarterly Dividends and an Increase of Its Common Share Dividend MONTRÉAL, Nov. 23, 2018 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A) today announced that its Board of Directors declared, on November 22, 2018, a quarterly dividend of $0.30 per common share, which represents an increase of $0.01 per common share, payable on January 15, 2019, to common shareholders of record at the close of business on December 31, 2018. The Board of Directors also declared a quarterly dividend of $0.28875 per Series A preferred share, payable on January 15, 201...
Valener and Énergir, L.P. Report Their 2018 Fourth Quarter and Annual Results MONTRÉAL, Nov. 23, 2018 (GLOBE NEWSWIRE) -- Valener Inc. (“Valener”) (TSX: VNR) (TSX: VNR.PR.A), the public investment vehicle in Énergir, L.P., today reported its 2018 fourth quarter and annual results. The results of Énergir, L.P., Valener’s primary investment, are also presented in this press release. Summary of Valener's results FINANCIAL HIGHLIGHTS Increase in the annualized dividend from $1.16 to $1.20 per common shareAdjusted net income(1),( 2) of $54.1 million ($1.39 per common share) for fiscal 2018 ...
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