Latest news with #DividendReinvestmentPlan
Business Wire
15-07-2025
- Business
- Business Wire
Kinetik Announces Quarterly Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (' Kinetik ' or the ' Company ') has declared a cash dividend of $0.78 per share, or $3.12 per share on an annualized basis. The announced quarterly dividend will be paid on Friday, August 1, 2025 to shareholders of record as of market close on Friday, July 25, 2025. Kinetik will host its second quarter 2025 results conference call on Thursday, August 7, 2025 at 8:00 am Central Daylight Time (9:00 am Eastern Daylight Time) to discuss second quarter results. The Company will issue its earnings release after market close on Wednesday, August 6, 2025. The text of the earnings release, the accompanying presentation and link to the live webcast will be available on the Company's website at A replay of the conference call will also be available on the website following the call. Kinetik previously implemented a Dividend Reinvestment Plan (the ' DRIP ' or the ' Plan ') open to all shareholders. A complete description of the Plan is included in the Company's Form S-3 registration statement filed with the SEC on July 12, 2024 and is posted on the Company's website at To participate, shareholders of record may register online by visiting the Broadridge website at or by contacting Broadridge Corporate Issuers, LLC, the Plan Administrator, by telephone toll free from inside the United States at 1-(877)-830-4936 or outside of the United States at 1-(720)-378-5591. Shareholders may also contact the Plan Administrator in writing at Broadridge Shareholder Services, Broadridge Corporate Issuer Solutions, LLC, PO Box 1342, Brentwood, NY 11717-0718. Please include a reference to Kinetik Holdings Inc. in all correspondence. Shareholders who own common stock through a broker should consult their broker regarding participation in the Plan. About Kinetik Holdings Inc. Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast midstream C-corporation operating in the Delaware Basin. Kinetik is headquartered in Houston and Midland, Texas. Kinetik provides comprehensive gathering, transportation, compression, processing and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. Kinetik posts announcements, operational updates, investor information and press releases on its website,
Business Wire
07-07-2025
- Business
- Business Wire
Liberty All-Star ® Equity Fund Declares Distribution
BOSTON--(BUSINESS WIRE)--The Board of Trustees of Liberty All-Star Equity Fund (NYSE: USA) has declared a distribution of $0.18 per share payable on September 2, 2025 to shareholders of record on July 18, 2025. This distribution is in accordance with the Fund's current distribution policy of paying distributions on its shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2.5 percent. A portion of the distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2025 for tax reporting purposes, including the percentage of qualified dividend income, will be made after year-end. The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Equity Fund's Dividend Reinvestment Plan and who elect to receive the distribution in cash. Shares will be issued at the lower of the August 15, 2025 net asset value per share or market value per share (but not less than 95% of market value). The market value of the Fund's shares for this purpose will be the last sales price on the New York Stock Exchange. The Fund does not continuously issue shares and trades in the secondary market, investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol USA. ALPS Advisors, Inc. is the investment advisor of the Fund, a multi-managed, closed-end investment company with more than $2.1 billion in net assets as of July 3, 2025. Past performance cannot predict future results. An investment in the Fund involves risk, including loss of principal. Secondary market support provided to the Fund by ALPS Fund Services, Inc.'s affiliate ALPS Portfolio Solutions Distributor, Inc., a FINRA Member. ALPS Fund Services, Inc., ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are affiliated entities.
Miami Herald
02-07-2025
- Business
- Miami Herald
Gladstone Alternative Income Fund Announces Increase in Monthly Cash Distribution for July 2025
MCLEAN, VA / ACCESS Newswire / July 1, 2025 / Gladstone Alternative Income Fund ("Gladstone Alternative" or the "Fund") announced today that its board of trustees declared monthly cash distributions to shareholders for the month of July, increasing the daily dividend rate by greater than 1.1%, in comparison to the June daily dividend rate. The July distribution amount is $0.00178 per calendar day for each issued and outstanding Class A share, Class C share, and Class I share for the period beginning July 1, 2025 and ending July 31, 2025 (for shareholders who own shares all 31 days in July, the distribution will total approximately $0.0552 per share). The distributions will be paid on July 31, 2025 for Dividend Reinvestment Plan ("DRIP") participants and August 1, 2025 for non-DRIP participants. John Sateri, President of Gladstone Alternative, noted, "We are pleased to announce the fifth consecutive monthly dividend for Gladstone Alternative, continuing our commitment to delivering consistent income to our investors. We look forward to continuing to create long-term value in the months and years ahead by generating sustainable returns for our shareholders while providing them access to a diversified portfolio of private credit and equity investments." About Gladstone Alternative Income Fund Gladstone Alternative Income Fund is a non-diversified, unlisted, closed-end management investment company registered under the Investment Company Act of 1940 and is operating as an interval fund. The Fund seeks to achieve and grow current income by investing primarily in directly originated loans to lower and middle market private businesses in the United States, broadly syndicated loans and commercial real estate loans. Investors are advised to carefully consider the investment objectives, risks and charges, and expenses of Gladstone Alternative Income Fund before investing. The prospectus, dated November 7, 2024, which has been filed with the U.S. Securities and Exchange Commission, and as supplemented from time to time, contains this and other information about the Fund and should be read carefully before investing. You may get these documents for free by visiting the Fund's website at or by visiting EDGAR on the SEC's website at To obtain a copy of the prospectus, you may also contact Gladstone Securities, LLC, the dealer manager and distributor for this offering, which will arrange to send you the prospectus if you request it by calling toll-free at (833) 849-5993. For further information, please visit our website at SOURCE: Gladstone Alternative Income Fund
The Star
26-06-2025
- Business
- The Star
Westports to sustain earnings despite global trade slowdown
PETALING JAYA: Westports Holdings Bhd appears well-positioned to deliver sustainable earnings and operational resilience over the coming years, supported by tariff hikes and ongoing expansion works, despite headwinds in the global trade environment. Hong Leong Investment Bank (HLIB) Research maintained its 'buy' call on the port operator, while raising its discounted cash flow (DCF)-derived target price to RM6.08 from RM5, following an upward revision to earnings forecasts. The revision reflected the approved port tariff adjustments granted by the Transport Ministry (MoT), aimed at supporting Westports' infrastructure investments and long-term growth. 'The tariff adjustment is essential to support Westports' ongoing infrastructure investments and ensure the sustainable growth and competitiveness of Port Klang,' said HLIB Research in its latest note. It added that earnings sustainability and resilient volume movements were likely, even amid concerns over a global trade slowdown. HLIB Research lifted its earnings projections for Westports by 4.1% for the financial year ending 2025 (FY25), 18.4% for FY26, and 23.6% for FY27. This followed assumptions on the phased tariff increases, which would commence on July 15, 2025. The first phase involved a 15% hike for container handling services, followed by a 10% increase for container, conventional and marine services from Jan 1, 2026. A further 5% adjustment would take effect on the same segments later that year. Westports operated at an optimal utilisation rate of 80% of its 14 million twenty-foot equivalent unit (TEU) capacity. Management projected mid-single-digit growth in container throughput until 2027, with new capacity expected to come online by mid-2028. 'We do not anticipate the expected global economic slowdown to significantly impact market expectations regarding Westports' near-term operational growth,' HLIB Research stated. The research house also pointed to the company's Dividend Reinvestment Plan (DRP) as a positive for shareholders and expansion plans. It said: 'The proposed DRP is poised to enhance shareholder value, while supporting medium-term capex requirements.' The DRP offered shares at a discount of less than 10% to the five-day volume weighted average price prior to the price fixing date, with major shareholders — including Pembinaan Redzai and its affiliate Semakin Ajaib, as well as South Port Invest — collectively committing to participate. These parties represented 69.1% of Westports' share capital. Meanwhile, Westports pressed on with its major expansion programme, which aimed to double its handling capacity to 28 million TEUs through the development of container terminals, CT10 to CT17. Dredging and reclamation works for CT10 and CT11 were progressing, with construction slated to begin in the first quarter of 2027. CT10 was expected to commence operations by mid-2028, followed by CT11 at end-2029.
Yahoo
02-06-2025
- Business
- Yahoo
Petrus Resources Declares Monthly Dividend for June 2025
CALGARY, Alberta, June 02, 2025 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ('Petrus' or the 'Company') (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable June 30, 2025, to shareholders of record on June 16, 2025. The dividend is designated as an eligible dividend for Canadian income tax purposes. Dividend Reinvestment Plan ("DRIP")Petrus' DRIP enables eligible shareholders to reinvest all or part of their cash dividends into additional common shares of the Company. Participation in the DRIP is optional. Eligible shareholders who elect to reinvest their cash dividends under the DRIP will receive common shares issued from treasury at a discount of 3% from the market price of the common shares. To participate in the DRIP, registered shareholders must deliver a properly completed enrollment form to Odyssey Trust Company ("Odyssey") before 4:00 p.m. (Calgary time) on the 5th business day immediately preceding a dividend record date. Beneficial shareholders who wish to participate in the DRIP should contact their broker or other nominee through which their Common Shares are held to determine their eligibility and provide appropriate enrollment instructions. Participation by shareholders that are not resident in Canada may be restricted. A complete copy of the DRIP is available on the Company's website at and on Odyssey's website at A copy of the enrollment form for use by registered shareholders is available on Odyssey's website at For further information regarding the DRIP, please contact Odyssey at 1-888-290-1175 (Toll free in North America) or 1-587-885-0960. ABOUT PETRUSPetrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. FOR FURTHER INFORMATION PLEASE CONTACT:Ken Gray President and Chief Executive Officer T: 403-930-0889 E: kgray@
