Latest news with #Distribution
Scoop
2 days ago
- Business
- Scoop
Generate Appoints Matt Hanchet As Investment Distribution Manager
Press Release – Generate Before the role at Mint, Matt spent five years at Generate where he started in customer relationship management before heading to Distribution and becoming a Business Development Manager. Generate, one of New Zealand's leading KiwiSaver and wealth providers, is pleased to announce that Matt Hanchet is returning to Generate and joining the team as Investment Distribution Manager. Matt was most recently Head of Retail Distribution at Mint, where he led adviser engagement and helped shape distribution strategy, product positioning, and media relationships. He worked closely with the investment team to align messaging with Mint's investment process and played a key role in lifting their market presence. Before the role at Mint, Matt spent five years at Generate where he started in customer relationship management before heading to Distribution and becoming a Business Development Manager. Generate KiwiSaver Scheme has more than 170,000 members and more than 7 billion funds under management. Generate's portfolio of eight managed funds is becoming a central focus as more informed Kiwis seek expert guidance to build their financial futures beyond KiwiSaver. Matt's new role will be key to increasing the rollout of managed funds within Generate's third-party adviser network. Matt says, 'I'm excited to take on the role of Investment Distribution Manager. It's a significant opportunity to help advisers across New Zealand fully leverage Generate's excellent range of managed funds.' Says Kristian James, Generate Head of Distribution: 'Matt's leadership and skills were highly valued during his previous tenure with Generate. Now we're excited to have him back in this key distribution role.'
Scoop
2 days ago
- Business
- Scoop
Generate Appoints Matt Hanchet As Investment Distribution Manager
Generate, one of New Zealand's leading KiwiSaver and wealth providers, is pleased to announce that Matt Hanchet is returning to Generate and joining the team as Investment Distribution Manager. Matt was most recently Head of Retail Distribution at Mint, where he led adviser engagement and helped shape distribution strategy, product positioning, and media relationships. He worked closely with the investment team to align messaging with Mint's investment process and played a key role in lifting their market presence. Before the role at Mint, Matt spent five years at Generate where he started in customer relationship management before heading to Distribution and becoming a Business Development Manager. Generate KiwiSaver Scheme has more than 170,000 members and more than 7 billion funds under management. Generate's portfolio of eight managed funds is becoming a central focus as more informed Kiwis seek expert guidance to build their financial futures beyond KiwiSaver. Matt's new role will be key to increasing the rollout of managed funds within Generate's third-party adviser network. Matt says, "I'm excited to take on the role of Investment Distribution Manager. It's a significant opportunity to help advisers across New Zealand fully leverage Generate's excellent range of managed funds.' Says Kristian James, Generate Head of Distribution: 'Matt's leadership and skills were highly valued during his previous tenure with Generate. Now we're excited to have him back in this key distribution role.'
Cision Canada
5 days ago
- Business
- Cision Canada
Starlight U.S. Multi-Family (No. 2) Core Plus Fund Completes Sale of Property in Denver, Colorado Comprising 400 Multi-Family Residential Suites and Announces Special Distribution
TORONTO, June 27, 2025 /CNW/ - Starlight U.S. Multi-Family (No. 2) Core Plus Fund (TSXV: SCPT.A) (TSXV: SCPT.U) (the " Fund") announced today that it has completed the sale of a 400-suite Class "A" institutional quality multi-family property built in 2018 and located in the Parker submarket of Denver, Colorado (the " Property") for cash proceeds of US$133.0 million. The Fund also announced a special cash distribution (the " Special Distribution") on its outstanding Class A Units, Class C Units, Class D Units, Class E Units, Class F Units, Class G and Class U Units (collectively, the " Units"), payable on July 15, 2025, to holders of Units of record at July 8, 2025. The Special Distribution amounts will be approximately as follows, subject to prevailing foreign exchange rates: C$2.7500 per Class A Unit C$2.9374 per Class C Unit C$2.7500 per Class D Unit US$2.6201 per Class E Unit C$2.8571 per Class F Unit US$2.5202 per Class G Unit US$2.5202 per Class U Unit The Fund intends to use proceeds from the sale of the Property to repay the mortgage on the Property, in full, in the amount of US$96.2M (including accrued interest thereon), as well as the Fund's unsecured debt, in full, in the aggregate amounts of US$11.8M (including accrued interest thereon) and outstanding payables. The remaining net proceeds from the sale will be distributed as described above pursuant to the Special Distribution. The net asset value of $3.50 per unit disclosed in the Fund's Management's Discussion and Analysis for the three months ended March 31, 2025, will be reduced by the Special Distribution amounts set out above. The TSX Venture Exchange (the " TSXV") has advised the Fund that it has determined to implement its "due bill" trading procedures with respect to the Special Distribution. Due bills attach to the underlying listed securities between the record date and the payment date, allowing the underlying listed securities to carry the value of the entitlement until it is paid. When due bills are used, the ex-distribution date is deferred to the first trading day after the payment date. For trading purposes, due bills will attach to the Units from the opening of business on the record date of July 8, 2025, until the close of business on the July 15, 2025 payment date (the " Due Bill Period"). This means that buyers of the Units through the facility of the TSXV during the Due Bill Period will receive the Special Distribution payment, provided they continue to be holders of the applicable Units on the payment date. The Units will commence trading on an ex-distribution basis from the opening of business on July 16, 2025, as of which date purchasers of the Units will no longer have an attaching entitlement to payment of the Special Distribution. The due bill redemption date will be July 16, 2025. As a result of the Units trading on a due bill basis during the Due Bill Period, unitholders entitled to be paid the Special Distribution owing on the due bills should expect to receive that payment on or about the due bill redemption date of July 16, 2025. Unitholders prior to the Due Bill Period who do not purchase or sell Units during the Due Bill Period will not have their applicable Special Distribution payment impacted by the due bill process. PORTFOLIO UPDATE Following the sale of the Property, the Fund continues to own a 275-suite Class "A" institutional quality multi-family property built in 2019 and located in the Alafaya submarket of Orlando, Florida and a 320-suite Class "A" institutional quality multi-family property built in 2002 and located in the Falls River submarket of Raleigh, North Carolina. FUND UPDATE The loans secured on the remaining two assets owned by the Fund had initial maturity dates of May 7, 2025. The Fund was unable to meet the loan extension requirements pursuant to the loan agreements and the Fund continues to negotiate with the lender on terms to modify and extend the loans. If the Fund is not able to otherwise negotiate an extension of such loan, the applicable lender may provide formal notice of an event of default expressing its right to demand repayment of the borrowings relating to such property. Under this scenario, the Fund may be obligated to sell such properties which may not be able to be completed on terms that are acceptable to the Fund or may be required to explore other options in the best economic interests of the Fund in order to discharge its obligations under any of the applicable loan agreements. There can be no assurances that any such sale or other liquidation events would result in additional proceeds for the Fund after repayment of all or some of the debt on each of the respective properties. The Fund's secured loans are non-recourse subject to standard limited recourse provisions and are entered into by the subsidiaries of the Fund that own only the associated secured property. As a result, the liability for any such loan would typically be limited to the value of the associated secured property, including any restricted cash reserves or other amounts held by the applicable lenders, other than in certain instances which may obligate the Fund to incur certain costs or other amounts subject to certain performance conditions. For additional information on the risks related to the Fund's ability to refinance or extend a loan at maturity, please refer to "Future Outlook" and "Liquidity and Capital Resources" in the Fund's Management's Discussion and Analysis for the three months ended March 31, 2025, which is available under the Fund's profile on FORWARD-LOOKING STATEMENTS This news release contains statements that may constitute forward-looking statements within the meaning of Canadian securities laws and which reflect the Fund's current expectations regarding future events, including the use of and sufficiency of the proceeds from the sale of the Property, the payment of distributions, the extension of loans on the Fund's properties, and the Fund's efforts to manage its liquidity. In some cases, forward-looking statements can be identified by terms such as "may", "might", "will", "could", "should", "would", "occur", "expect", "plan", "anticipate", "believe", "intend", "seek", "aim", "estimate", "target", "project", "predict", "forecast", "potential", "continue", "likely", "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts. The forward-looking statements in this news release involve risks and uncertainties, including those set forth in the Fund's materials filed with the Canadian securities regulatory authorities from time to time at Actual results could differ materially from those projected herein. Those risks and uncertainties include, among other things, risks disclosed in the Fund's management's discussion and analysis for the year ended December 31, 2025, which is available under the Fund's profile on Information contained in forward-looking statements is based upon certain material assumptions that were applied in developing such forward-looking statements including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances, including that the net proceeds from the transaction will be used as described herein; Readers are cautioned against placing undue reliance on forward-looking statements. Except as required by applicable Canadian securities laws, none of the Fund or its manager undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. ABOUT STARLIGHT MULTI-FAMILY (NO. 2) CORE PLUS FUND The Fund is a limited partnership formed under the Limited Partnerships Act (Ontario) for the primary purpose of directly or indirectly acquiring, owning and operating a portfolio of value-add, income producing rental properties located in the U.S. multi-family real estate market. The Fund now owns interests in and operates a portfolio comprising 595 suites located in Orlando, Florida and Raleigh, North Carolina. Starlight Investments is a leading global real estate investment and asset management firm headquartered in Toronto, Ontario, Canada. A privately held owner, developer and asset manager of over 70,000 multi-residential suites and over 7 million square feet of commercial property space with CAD $30B AUM, Starlight offers a range of investment vehicles across various real estate strategies. Starlight's guiding mission is to balance its tenure with visionary curiosity to create positive impact for investors and communities alike. At Starlight, we invest with impact. SOURCE Starlight U.S. Multi-Family (No. 2) Core Plus Fund
Mid East Info
23-06-2025
- Business
- Mid East Info
Keolis MHI's Women Engineers Share Their Stories on International Women in Engineering Day - Middle East Business News and Information
Dubai, UAE –June23, 2025-Each year on June 23rd, International Women in Engineering Day (INWED) celebrates the remarkable achievements of women in the engineering field. It seeks to raise awareness, inspire future generations, and spotlight the diverse career paths available to women across the globe. This year's theme, #TogetherWeEngineer, Highlights collaboration and unity in driving innovation and progress. At Keolis MHI, the leading transportation operator, we are proud to champion gender diversity through our dedicated Women in Rail Committee, which works to empower and support women across the rail sector. To mark this occasion, we are sharing the journeys of some of the women engineers at Keolis MHI, whose stories reflect resilience, passion, and a shared mission to build a more inclusive and dynamic engineering world. Mariam Almarzooqi, Asset Engineer 'To me, #TogetherWeEngineer is a powerful reminder that engineering is not a solo pursuit.' I am Mariam, an Asset Engineer at Keolis MHI, working within the Engineering and Maintenance department, where I specialize in the Power Distribution System (PDS). My role involves leading technical investigations, supporting asset management strategies, coordinating configuration changes, and collaborating with key stakeholders to ensure system reliability. I chose engineering because I'm passionate about solving complex challenges and contributing to the infrastructure that powers everyday life. It's a field that constantly pushes me to think critically, adapt, and grow, both technically and personally. Engineering is a journey of continuous learning. Of course, it comes with challenges too. High-pressure situations and balancing stakeholder expectations can be demanding, but they also help build resilience, confidence, and leadership. What #TogetherWeEngineer means to me? To me, #TogetherWeEngineer is a powerful reminder that engineering is not a solo pursuit. It's about collaboration, sharing knowledge, and lifting each other up, especially as women in a traditionally male-dominated industry. This theme resonates deeply with my own experience, where mentorship, inclusion, and teamwork have played a key role in shaping the engineer I am today. Aarthi Kumar, Data Engineer 'To me, #TogetherWeEngineer is about teamwork, collaboration, and shared growth.' I am Aarthi, a Data Engineer at Keolis MHI, leading data-driven projects that enhance rail intelligence and support smarter, faster decision-making across the organization. I work closely with teams across departments to build a robust data ecosystem that aligns with our business vision and drives innovation. I chose this path because I love staying on the cutting edge, learning constantly, and being part of a field that's always evolving. It's exciting to see how data and technology can transform operations and improve lives. At the same time, one of the key challenges is keeping up with the rapid pace of innovation, but that's also what makes it so rewarding. What #TogetherWeEngineer means to me? To me, #TogetherWeEngineer is about teamwork, collaboration, and shared growth. Engineering isn't a solo journey, it's about learning from each other, building together, and driving progress as one. Flavia Giurca, Civil Engineer 'To me, #TogetherWeEngineer is about inclusion and redefining what it means to be an engineer' I am Flavia, a Civil Engineer at Keolis MHI, working within the Engineering and Maintenance team. I lead and supervise diverse teams of civil inspectors, technicians, and apprentices to ensure the effective maintenance and optimal performance of our civil assets. My responsibilities include stakeholder engagement, resource planning, performance evaluation, and managing safety-critical activities. My passion for travel and infrastructure naturally led me to the railway sector, a form of transport I see as essential to a sustainable future. The biggest challenge? You never know what unexpected issue tomorrow might bring, but that's also what makes the role dynamic and rewarding. What #TogetherWeEngineer means to me? To me, #TogetherWeEngineer emphasizes the power of collaboration in a field that can sometimes feel isolating, especially for those who don't fit the traditional mold. It's a reminder that engineering thrives on diversity, of thought, background, and perspective. This theme is about inclusion and redefining what it means to be an engineer. It's about creating space for creativity, connection, and collective success.
Globe and Mail
19-06-2025
- Business
- Globe and Mail
Velomax Distribution Delivers What Amazon FBA Sellers Need: Fast-Selling Branded Products, Verified Suppliers, and Profitable ROI
For Amazon FBA sellers looking to scale without the headaches, Velomax Distribution is becoming a trusted source for profitable, fast-moving inventory. They don't overpromise. Instead, they focus on what actually works — real product research, curated wholesale catalogs, and a system built around speed, transparency, and results. 'Our goal is to help you source inventory that actually sells,' says a Velomax team member. Unlike suppliers who only push brand-owned listings or Amazon-dominated products, Velomax focuses on what's already selling for FBA sellers like you. Backed by real data and hands-on experience, they understand how the market works — and they make it easy for sellers to plug into winning products. Sellers get Amazon-compliant invoices, trend-backed product suggestions, and the flexibility to grow without being locked into confusing service models. For updates, follow Velomax Distribution on Facebook: About Velomax Distribution With over seven years of combined experience in sales, logistics, and distribution, Velomax Distribution has built a system focused on speed, quality, and scalability. Velomax maintains a transparent business model by sourcing products directly from manufacturers and trusted suppliers, then selling to retailers at wholesale prices with prompt delivery. They accept multiple payment methods including wire transfers, ACH, and credit cards, while maintaining minimum order quantities that vary by product and brand. The company provides a fully transparent supply chain with invoices issued from brand to company and company to customer, though supplier authorization depends on individual brand requirements. Their customer-focused approach includes processing most orders within 1-3 business days, with delivery typically taking 3-7 business days within the U.S., plus a return policy for damaged, defective, or incorrectly shipped products within 7-14 days of delivery. For those seeking a true distribution partner — not just another middleman — Velomax Distribution is the right choice. Velomax Distribution is making wholesale easier. Learn more at: Media Contact Company Name: Velomax Distribution Contact Person: Support Email: Send Email City: Miami State: Florida Country: United States Website:
