Following is a statement from Dan Beech regarding his search results:
“I offer literally hundreds and hundreds of investment opportunities for my clients from a variety of issuers and firms. While we all were still struggling with the COVID pandemic, one of these issuers announced in January 2021 that it could no longer pay interest distributions to its bondholders. This singular event should not be reflective of the work I have provided, and during more than a decade of providing sound and successful investment advice, it is the first time any issuer I have recommended to clients has ever experienced these types of problems. It is also the first time that this issuer, whose bond offerings have been reviewed by the SEC for many years, had ever missed a payment.
“Lawsuits and arbitrations were filed. You may see them posted online as certain attorneys are leveraging those to advertise for new customers, even in cases when I am not even actually named as a defendant.
“This has been a tough situation for everyone involved but I continue to guide my valued clients and their families through the process of this regrettable situation
“My commitment to my clients remains steadfast, and I am focused on moving forward in a positive and responsible manner. I am proud of the attentive personal service I have provided and am confident that once these matters are concluded, the outcome will reflect the principles I have always stood for.”
Chelsea FCs ownership group completed its purchase of the club on 30 May 2022. During a thorough due diligence process prior to completion of the purchase, the ownership group became aware of potentially incomplete financial reporting concerning historical transactions during the clubs previous ownership. Immediately following the completion of the purchase, Chelsea self-reported these matters to UEFA.
Chelsea has fully cooperated and assisted UEFA with its investigation of these matters and, following an analysis by the UEFA Club Financial Control Body, the club has entered into a settlement agreement with UEFA. Under that settlement the club is to pay a financial contribution of 10 million to UEFA as a fixed payment.
In accordance with the clubs ownership groups core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to UEFA and a settlement that fully resolves the reported matters.
We wish to place on record our gratitude to UEFA for its consideration of this matter. Chelsea greatly values its relationship with UEFA and looks forward to building on that relationship in the years to come.
, the shares of KCS were placed into a voting trust with Mr. Starling appointed as the voting trustee. The voting trust remains in effect until the U.S. Surface Transportation Board (STB) issues its decision on the companies joint railroad control application.
With Mr. Starlings passing, CP shortly will be pursing the appointment of a replacement voting trustee.
Forward looking information
This news release contains certain forward looking statements and forward looking information (collectively, FLI) to provide CP shareholders and potential investors with information about CP, KCS and their respective subsidiaries and affiliates, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as anticipate, expect, project, estimate, forecast, plan, intend, will, target, believe, likely and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI.
Although we believe that FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its nature, FLI involves a variety of assumptions, which are based upon factors that may be difficult to predict and that may involve known and unknown risks and uncertainties and other factors which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by FLI, including, but not limited to, the following: the timing and appointment of a replacement voting trustee; the realization of anticipated benefits and synergies of the CP-KCS transaction and the timing thereof; the success of integration plans; the focus of management time and attention on the CP-KCS transaction and other disruptions arising from the CP-KCS transaction; changes in business strategy and strategic opportunities; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; the ability of management of CP, its subsidiaries and affiliates to execute key priorities, including those in connection with the CP-KCS transaction; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and Mexico; North American and global economic growth; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped; inflation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out business plans; services and infrastructure; the satisfaction by third parties of their obligations; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and Mexico; climate change and the market and regulatory responses to climate change; ability to achieve commitments and aspirations relating to reducing greenhouse gas emissions and other climate-related objectives; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de Mexico, S.A. de C.V.s Concession; public opinion; various events that could disrupt operations, including severe weather events, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; and the pandemic created by the outbreak of COVID-19 and its variants, and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains.
We caution that the foregoing list of factors is not exhaustive and is made as of the date hereof. Additional information about these and other assumptions, risks and uncertainties can be found in reports and filings by CP with Canadian and U.S. securities regulators, including any prospectus, material change report, management information circular or registration statement that have been or will be filed in connection with the transaction. Reference should be made to Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements in CPs annual and interim reports on Form 10-K and 10-Q. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty.
Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this news release is expressly qualified in its entirety by these cautionary statements.
About Canadian Pacific
Canadian Pacific (TSX:CP) (NYSE: CP) is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP. CP-IR
Stellantis is voluntarily recalling an estimated 1.23 million pickup trucks to inspect and realign, as needed, certain latching components on their tailgates.
A routine review of customer service records led to a Stellantis investigation that discovered tailgate striker plates on certain pickup trucks may not be sufficiently aligned to accommodate complete closure. Such a condition, if it occurs, may put unsecured cargo at risk of spilling onto a roadway.
Stellantis is unaware of any potentially related injuries or accidents.
The recall is limited to certain model-year 2019-2022 Ram 1500, 2500 and 3500 pickups.
Vehicles equipped with Rams multifunction tailgate and Ram 1500 Classic pickups are unaffected. Also excluded are vehicles equipped with sensors that alert drivers to insecure tailgates.
Affected customers will be advised as early as next month when service, which will be provided free of charge, becomes available. Stellantis urges customers to heed the instructions on all recall notifications.
In the interim, customers are reminded to secure cargo as referenced in their owners manuals. Those with additional questions or concerns may call 1-800-853-1403.
The recall also affects vehicles in Canada (est. 120,759), Mexico (est. 26.613) and certain markets outside North America (est. 27,404).
Mitsubishi Heavy Industries, Ltd. (MHI) signed a Statement of Cooperation on October 10 with the State Government of South Australia aimed at accelerating development of the local hydrogen industry. By proposing diverse solutions incorporating its Groupwide products, technologies and services, MHI looks to collaborate with South Australia in the state’s transition to clean energy and development of a hydrogen economy.
The Statement of Cooperation was signed by The Hon Peter Malinauskas MP, Premier of South Australia, and MHI Senior Vice President Osamu Ono, who concurrently serves as Chief Regional Officer of both the Asia Pacific and India as well as President of Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. Specifically, MHI will propose solutions in the following areas: growing a globally competitive hydrogen export sector through the development of a hydrogen export strategy and strategic partnerships; fostering advances in new technologies and new industrial opportunities through research partnerships; projects that accelerate the development of large-scale industrial decarbonization programs; and developing near-term Australian domestic markets through the establishment of a hydrogen ecosystem.
On signing the Statement of Cooperation, The Hon Premier Malinauskas MP expressed his hopes for the newly agreed partnership: “This Statement of Cooperation is a commitment from the State Government and industry partners to work together to accelerate the development of South Australia’s hydrogen economy. South Australia is open for business and we are ambitious about hydrogen.”
MHI Group, by contributing to the development of a hydrogen value chain and the acceleration of industrial decarbonization in South Australia, looks to assist in driving the state’s economic development and realizing a sustainable society.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Contact
