Ruben Amorim warned “the storm will come” eventually as Manchester United’s head coach tried to temper expectations ahead of the trip to Arsenal. The 39-year-old has been a breath of fresh air since succeeding Erik ten Hag, with his personality and approach, coupled with promising early performances, bringing hope back to Old Trafford. Amorim has been touched by his warm welcome but repeatedly urged fans to avoid jumping the gun, having followed a draw at Ipswich with home wins against Bodo/Glimt and Everton. Wednesday’s trip to Arsenal is comfortably his biggest challenge yet and victory would see United move within three points of the Premier League title contenders. Put to Amorim it will be hard to manage expectations if they won in the capital, the head coach said: “I would like to say different things, but I have to say it again: the storm will come. “I don’t know if you use that expression, but we are going to have difficult moments and we will be found out in some games. “And I know that because I’m knowing my players and I know football and I follow football, so I understand the difference between the teams. “We are in the point in that we are putting simple things in the team, without training, and you feel it in this game against Everton, they change a little bit the way they were building up. “They are very good team, and we were with a lot of problems because we cannot change it by calling one thing to the captain. A midweek trip to the capital awaits 🚆 #MUFC || #PL pic.twitter.com/1e6VrILJW3 — Manchester United (@ManUtd) December 3, 2024 “So, we don’t have this training, so let’s focus on each game, on the performance, what we have to improve, trying to win games. And that is the focus. “I know it’s really hard to be a Manchester United coach and say these things in press conferences. We want to win all the time. No matter what. “We are going to try to win, but we know that we are in a different point if you compare to Arsenal. “So, it is what it is and we will try to win it and we go with confidence to win, but we know that we need to play very well to win the next football match.” The trip to Arsenal is the second of nine December matches for United, who are looking to avoid suffering four straight league defeats to the Gunners for the first time. The Red Devils have not won a Premier League match at the Emirates Stadium since 2017, but Amorim knows a thing or two about frustrating Mikel Arteta’s men. Arsenal thrashed Sporting Lisbon 5-1 in the Champions League last week, but in 2022-23 he led the Portuguese side to a Europa League last-16 penalty triumph after a 1-1 draw in London made it 3-3 on aggregate. “Arsenal this year, they play a little bit different,” Amorim said. “They are more fluid. “For example, two years ago when we faced them with Sporting, you knew how to press because you can understand better the structure. “Now it’s more fluid with (Riccardo) Calafiori and (Jurrien) Timber in different sides. One coming inside, the other going outside. Also (Martin) Odegaard changed the team, and you can feel it during this season. “So, you can take something from that game, especially because I know so well the opponent so you can understand the weakness of that team. “But every game is different, so you take something, but you already know that you are going to face a very good team.” This hectic winter schedule means Amorim sidestepped talk of January transfer business ahead of facing Arsenal, although he was more forthcoming on Amad Diallo’s future. The 22-year-old, who put in a man of the match display in Sunday’s 4-0 win against Everton, is out of contract at the end of the season, although the club holds an option to extend by a year. Diallo has repeatedly spoken of his desire to stay at United and it has been reported an agreement is close. Amorim said: “I think he wants to stay, and we want him to stay. So that is clear and we will find a solution.”NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) announced today that the Fund’s Board of Directors has declared monthly cash “base” and “bonus” common shareholder distributions for December 2024, January 2025 and February 2025. The annualized total cash distribution is $1.34016 per share (12.0% annualized rate for Class R and 12.9% annualized rate for Class I), for distributions with record dates between December 10, 2024 and February 5, 2025 based on the current Class R offering price of $11.16 per common share and the current Class I offering price of $10.41 per common share. The cash “base” distribution will have monthly record dates and will be payable monthly to common stockholders of record at the close of business each month. These declared distributions equal a weekly cash amount of $0.02014 per share of common stock (or $0.26182 on a quarterly basis) as follows: These distributions represent the 132 nd , 133 rd and 134 th consecutive monthly “base” distributions paid by the Fund. The Fund's Board of Directors has also declared new monthly cash “bonus” distributions, as follows: The September, October and November cash “bonus” distributions represents the 51 s t , 52 n d , and 53 rd “bonus” distributions that the Fund has declared, which are now paid monthly starting January 2024. The Fund has paid or declared cumulative cash distributions totaling $15.72 per common share since inception in January 2014 through February 2025. The Fund also announced today the declaration of distributions on shares of the Fund’s 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 6.625% Series F Term Preferred Stock due 2027 (“Series F”), 6.000% Series H Term Preferred Stock due 2026 (“Series H”), 6.125% Series I Term Preferred Stock due 2028 (“Series I”), 6.000% Series J Term Preferred Stock due 2028 (“Series J”), 7.000% Series K Cumulative Preferred Stock (“Series K”), and 6.375% Series L Term Preferred Stock due 2029 (“Series L”). Distributions shall first be treated as a distribution of taxable investment company income undistributed from the prior year, and then treated as a distribution of taxable investment company income for the current year. This treatment will not affect tax reporting to shareholders. About Priority Income Fund Priority Income Fund, Inc. is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations ("CLOs"). Such loans will generally have a floating interest rate and include a first lien on the assets of the respective borrowers, which typically are private and public companies based in the United States. The Fund is managed by Priority Senior Secured Income Management, LLC, which is led by a team of investment professionals from the investment and operations team of Prospect Capital Management L.P. For more information, visit https://www.priorityincomefund.com . About Prospect Capital Management L.P. Prospect Capital Management L.P. (“Prospect”), headquartered in New York City, is an SEC-registered investment adviser that, along with its predecessors and affiliates, has more than 30-years of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of over 100 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $8.7 billion of assets under management as of September 30, 2024. For more information, call (212) 448-0702 or visit https://www.prospectcap.com . About Preferred Capital Securities, LLC Preferred Capital Securities, LLC (“PCS”) serves as the dealer-manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015. Formed in 2013, PCS is a boutique managing broker-dealer that distributes alternative investments, including real estate and credit investment products in private and public structures through broker dealers and registered investment advisors. PCS has raised over $4.8 billion of capital as a wholesale distributor for various alternative investment strategies. For more information, call 855-320-1414 or visit http://www.pcsalts.com . Additional Information Past performance is not indicative of future performance. Our distributions may exceed our earnings, and therefore, portions of the distributions that we make may be a return of the money that you originally invested and represent a return of capital to you for tax purposes. Such a return of capital is not immediately taxable, but reduces your tax basis in our shares, which may result in higher taxes for you even if your shares are sold at a price below your original investment. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. The prospectus and summary prospectus contains this and other information relevant to an investment in the fund. Please read the prospectus or summary prospectus carefully before you invest or send money. To obtain a prospectus, please contact your investment representative or Investor Services at 866.655.3650. Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the future performance of Priority Income Fund, Inc. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. Any such statements, other than statements of historical fact, are highly likely to be affected by unknowable future events and conditions, including elements of the future that are or are not under the control of Priority Income Fund, Inc. and that Priority Income Fund, Inc. may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise .The City of Saskatoon started off the week with budget deliberations Monday. Property taxes were initially projected to increase by 5.64 per cent, but instead a projected property tax increase of 5.2 per cent was brought forward. The city also preparing to make record investments in road maintenance, snow and ice management, transit and policing. Global’s Mackenzie Mazankowski provides an overview of the first day of budget deliberations in the video above.
TORONTO, Nov. 22, 2024 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (“ ERES ” or “ the REIT ”) (TSX:ERE.UN) announced today an update on the expected closing of its previously disclosed strategic dispositions, and timing of its anticipated special distribution and distribution reduction, as announced in its press release dated September 16, 2024. Strategic Dispositions As disclosed on September 16, 2024, ERES Limited Partnership (“ ERES LP ”) and certain other subsidiaries of ERES have entered into an agreement with an entity owned by a consortium of parties that includes TPG Angelo Gordon, Dream Unlimited Corporation, Stadium Capital Partners, and several co-investment partners (the “ Purchaser ”), to sell certain entities owning 2,947 residential suites in the Netherlands for proceeds, net of certain estimated adjustments, of approximately €695 million (the “Disposition I” ). Approval for Disposition I has been received from the Dutch competition authority (ACM), and the Purchaser has notified ERES of an expected closing date of December 16, 2024. Also as previously announced, certain other subsidiaries of ERES have entered into a separate agreement to sell 232 residential suites in the Netherlands for gross proceeds of approximately €44 million (the “Disposition II” , and together with Disposition I, the “Dispositions” ), which ERES expects will close on December 2, 2024. There can be no assurance that all requirements for closing of the Dispositions will be obtained, satisfied or waived, nor that the Dispositions will close on the dates disclosed herein. Special Distribution Subject to the completion of the Dispositions in accordance with the terms and timing described above, ERES intends to declare a special cash distribution of an estimated €0.75 per Unit and ERES LP’s exchangeable Class B LP Unit (equivalent to an estimated C$1.10 based on the foreign exchange rate of 1.47 on November 21, 2024), payable to holders of the REIT’s Units and ERES LP’s Class B LP Units of record at the close of business on December 23, 2024, with payment on December 31, 2024 (the “Special Distribution” ). For Canadian income tax purposes, the Special Distribution is estimated to be comprised of a return of capital in the range of approximately 55-65%. The Special Distribution will not qualify for the REIT’s Distribution Reinvestment Plan. It is expected that the Toronto Stock Exchange will implement its “due bill” trading procedures with respect to the Special Distribution. Further details relating to the Special Distribution, if declared, will be provided at a later date. The Special Distribution has not yet been declared and there can be no assurance as to the timing, quantum or composition for Canadian income tax purposes of any such distribution. Distribution Reduction Furthermore, as previously announced, given the expected completion of the sale of approximately half of the REIT’s residential suites in 2024 and payment of the Special Distribution, the Board of Trustees intends to reduce its monthly distribution by approximately 50% (the “ Distribution Reduction ”) to better align distributions with ERES’s remaining portfolio. Subject to the completion of the Dispositions in accordance with the timing described above, and subsequent to the payment of the Special Distribution, ERES expects the Distribution Reduction to become effective for its January 2025 distribution, payable in February 2025. Further details relating to the Distribution Reduction, if implemented, will be provided at a later date. There can be no assurance as to the timing or magnitude of any future distributions by the REIT. Property Management Update In addition, with the significant decrease in portfolio size upon anticipated closing of the Dispositions and the associated diseconomies of scale, ERES announced that it has entered into an approximately fee-neutral agreement to transfer property management services for the REIT’s remaining portfolio in the Netherlands to a third party, expected to enter into effect on or about January 15, 2025. Canadian Apartment Properties Real Estate Investment Trust will continue to act as the REIT’s asset manager. Proposed Netherlands Tax Amendment Finally, ERES provided an update on the Dutch government’s legislative proposal to amend the earnings stripping rule (by abolishing the €1 million threshold for real estate entities), as published on September 17, 2024. Further to previous disclosure, on November 14, 2024, the Dutch House of Representatives passed an amendment to the legislative proposal pursuant to which the taxable EBITDA threshold would be increased to 24.5% and the €1 million threshold for real estate entities would, however, be retained. Such amendment would maintain the current ability of the REIT’s subsidiaries to deduct net financing expenses for Dutch corporate income tax purposes. The revised legislative proposal is subject to approval by the Dutch Senate, expected by mid-December, and is projected to become effective as of January 1, 2025. There is no assurance that the potential amendment will ultimately be enacted by the Dutch government or enter into force as per the timeline indicated. As such, it is subject to change, and such change (and the impact of such change on the REIT) may be significant. Should the potential amendment be implemented as described above, and after adjusting for the estimated effect of previously disclosed dispositions, the REIT’s forecasted current income tax expense for the year ending December 31, 2025 for the remaining portfolio is approximately €4 million. This assumes ongoing rental operations, however, ERES will continue to explore all available opportunities to drive value, including the possibility for future strategic property sales, which would alter the estimated current income tax expense for the REIT’s residual portfolio. ABOUT ERES ERES is an unincorporated, open-ended real estate investment trust. ERES’s Units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused multi-residential REIT, with a current portfolio of high-quality, multi-residential real estate properties in the Netherlands. As at September 30, 2024, ERES owned approximately 6,300 residential suites, including approximately 3,200 suites classified as assets held for sale, and ancillary retail space located in the Netherlands, and owned one commercial property in Germany and one commercial property in Belgium, with a total fair value of approximately €1.6 billion, including approximately €0.7 billion of assets held for sale. For more information about ERES, its business and its investment highlights, please visit our website at www.eresreit.com and our public disclosure which can be found under our profile on SEDAR+ at www.sedarplus.ca . CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING INFORMATION Certain statements contained in this press release constitute forward-looking information, future-oriented financial information, or financial outlooks (collectively, “forward-looking information”) within the meaning of applicable Canadian securities laws, which reflect ERES’s current expectations and projections about future results. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intent”, “estimate”, “anticipate”, “believe”, “consider”, “should”, “plans”, “predict”, “estimate”, “forward”, “potential”, “could”, “likely”, “approximately”, “scheduled”, “forecast”, “variation” or “continue”, or similar expressions suggesting future outcomes or events. The forward-looking information in this press release relates only to events or information as of the date on which the statements are made in this press release. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking information contained in this press release. Any number of factors could cause actual results to differ materially from this forward-looking information. Although ERES believes that the expectations reflected in forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Such forward-looking information is based on a number of assumptions that may prove to be incorrect, including regarding the expected completion and timing of the Dispositions, the satisfaction of closing conditions with respect to the Dispositions, the amount, timing and composition of the Special Distribution, the amount and timing of the Distribution Reduction, the expected externalization of property management services, the expected enactment of the proposed tax amendment, and the timing and details of the potential legislation (including that the amendment to the earnings stripping rule will include only the increase of the maximum interest expense deductibility to 24.5% of the taxpayer’s taxable EBITDA, effective January 1, 2025) . Accordingly, readers should not place undue reliance on forward-looking information. Forward looking information in this press release is subject to certain risks and uncertainties that could result in actual results differing materially from this forward-looking information, including with respect to the expected closing of the Dispositions, the payment of the Special Distribution, and the implementation of the Distribution Reduction. Risks and uncertainties pertaining to ERES are more fully described in regulatory filings that can be obtained on SEDAR+ at www.sedarplus.ca. Except as specifically required by applicable Canadian securities law, ERES does not undertake any obligation to update or revise publicly any forward-looking information, whether as a result of new information, future events or otherwise, after the date on which the information is provided or to reflect the occurrence of unanticipated events. This forward-looking information should not be relied upon as representing ERES’s views as of any date subsequent to the date of this press release. For more information, please contact:pinstock/E+ via Getty Images PRFZ strategy Invesco FTSE RAFI US 1500 Small-Mid ETF ( NASDAQ: PRFZ ) was launched on 09/20/2006 and tracks the FTSE RAFI US 1500 Small-Mid Index. It has 1451 holdings, a 30-day SEC yield of 1.05% and a net Quantitative Risk & Value (QRV) provides you with risk indicators and data-driven, time-tested strategies. Get started with a two-week free trial now. Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Quantitative Risk & Value Learn more Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Ruud van Nistelrooy enjoys winning start with Leicester
Alabama A&M fires football coach Connell Maynor after 7 seasonsFerrari, an iconic name in luxury automobiles, will continue manufacturing its vehicles in its Maranello headquarters, including the highly anticipated electric model set for release next year. This was confirmed by CEO Benedetto Vigna at the Reuters NEXT conference in New York. Despite potential tariffs introduced under Donald Trump's presidency, Vigna emphasized, 'We make cars in Maranello.' He expressed confidence that demand will remain strong, noting the firm's resilience in facing new regulatory challenges. Stepping into the future, Ferrari plans to unveil its first electric car in late 2025 with pricing reflective of its brand's prestige. Meanwhile, the company expands its offerings to accept cryptocurrency payments, while steering clear of direct investments in them. Additionally, Ferrari announced a collaboration with Cadillac's Formula One team, supplying engines and gearboxes from 2026, marking its continued presence in the racing arena. (With inputs from agencies.)
The Journey to Becoming A Quality Engineering Leader: Q&A with Gopinath Kathiresan
N.J. girls ice hockey season preview, 2024-25 (with more to come)SOUTH PORTLAND — Central Maine Community College sophomore Ella Lavigne set a new program record for point in a game in the women’s basketball team’s 105-70 victory over rival Southern Maine Community College on Thursday. Lavigne scored 48 points, which surpasses Lewiston High School graduate Lynn Girouard’s previous record of 45 points. Lavigne shot 20 of 29 from the field, including 4 of 6 from 3-point range, and made 4 of 5 free throws. She also grabbed seven rebounds and had six steals. Three other Mustangs (12-0, 5-0 YSCC) scored in double figures: Ava Smith had 19 (and 11 rebounds), Hunter Hartsgrove 16 and Edward Little graduate Jenny Chaput finished with 10 points. Ashley Mullen led the SeaWolves (4-6, 2-3) with 28 points. MEN’S BASKETBALL CMCC 62, SMCC 61: Will Duke scored on a layup with one second remaining to help the Mustangs (9-6, 6-1 YSCC) avoid being upset by the winless SeaWolves (0-11, 0-6) in South Portland. Duke finished with nine points. Ben Francis came off the bench to score a team-high 15 points for Central Maine Community College, and Khaden Moore finished with 12 points and nine rebounds. Southern Maine CC’s Charlie Houghton, a former Dirigo standout and 2023 Sun Journal Player of the Year , led all scorers with 24 points. We invite you to add your comments. We encourage a thoughtful exchange of ideas and information on this website. By joining the conversation, you are agreeing to our commenting policy and terms of use . More information is found on our FAQs . You can modify your screen name here . Comments are managed by our staff during regular business hours Monday through Friday as well as limited hours on Saturday and Sunday. Comments held for moderation outside of those hours may take longer to approve. Please sign into your Sun Journal account to participate in conversations below. If you do not have an account, you can register or subscribe . Questions? Please see our FAQs . Your commenting screen name has been updated. Send questions/comments to the editors. « Previous
