Posts Tagged ‘Corporate’

Oragenics Highlights Strategic Direction for 2012 in Corporate Video

Posted by: Admin

January 27th, 2012 >> Corporate

TAMPA, Fla.–(BUSINESS WIRE)–Florida-based nutraceutical company, Oragenics, Inc. (OTCQB: ORNI),
announced today that it has released a corporate video narrated by Chief
Executive Officer, John N. Bonfiglio, PhD on the 2012 strategic
direction for Oragenics. The video highlights how Oragenics is creating
value by leveraging the $32B probiotic market and addressing the renewed
focus on building a strong probiotic business for oral care. Bonfiglio’s
commentary also highlights Oragenics’ platform technology, ProBiora3®,
which was recognized by Frost amp; Sullivan in November 2011, and is the
active ingredient used in the Company’s oral care suite of products. Dr.
Bonfiglio explains how on the corporate side, the team will be executing
more on its business development and sales initiatives.

“Given the evolution and sophisticated science in the probiotics
marketplace, we feel that educating consumers, investors, and the
general public on ProBiora3® is essential. The video also shares
management’s vision for becoming the world leader in oral care
probiotics for humans and companion pets on a more detailed level. Given
the role oral care now plays in supporting overall health, the intent of
the video is to broaden the awareness of probiotics for oral care and to
share Oragenics vision going forward in 2012,” stated John N.
Bonfiglio, PhD

The video can be accessed on Oragenics’ corporate site www.oragenics.com
as well as Facebook, YouTube, and other informative news feeds.

About Oragenics, Inc.

Oragenics is a leading nutraceutical company focused on oral care
probiotics for humans and companion pets. The Companys proprietary
products Evora® and ProBiora3® are currently sold in over 20 countries.
In addition, Oragenics has a robust pipeline of therapeutic products
targeting infectious disease.

Safe Harbor Statement: Under the Private Securities Litigation
Reform Act of 1995: This release includes forward-looking statements
that reflect the Company’s current views with respect to future events
and financial performance. These forward-looking statements are based on
management’s beliefs and assumptions and information currently
available. The words “believe,” “expect,” “anticipate,” “intend,”
“estimate,” “project” and similar expressions that do not relate solely
to historical matters identify forward-looking statements. Investors
should be cautious in relying on forward-looking statements because they
are subject to a variety of risks, uncertainties, and other factors that
could cause actual results to differ materially from those expressed in
any such forward-looking statements. These factors include, but are not
limited to those set forth in our most recently filed annual report on
Form 10-K and quarterly report on Form 10-Q, and other factors detailed
from time to time in filings with the US Securities and Exchange
Commission. We expressly disclaim any responsibility to update
forward-looking statements.

For more information about ProBiora3®, visit www.oragenics.com.

Natixis Said to Plan Corporate- and Investment-Banking Job Cuts

Posted by: Admin

January 26th, 2012 >> Corporate

Natixis SA (KN) is considering job cuts at
its corporate- and investment-banking unit as it reduces some
businesses outside of France because of higher capital
requirements, a person with knowledge of the matter said.

Staff reductions at Natixis (KN)’s corporate and investment bank
may reach a few hundred globally, while any cuts in France would
be limited, the person said, declining to be identified because
the matter is confidential. Societe Generale (GLE) SA, France’s
second-largest bank, yesterday announced plans to eliminate 880
jobs in France through voluntary departures.

“There will be no redundancy plan in France,” Elisabeth
de Gaulle, a Paris-based spokeswoman for Natixis, said by phone
today. The corporate- and investment-banking unit’s management
is set to meet with labor-union representatives on Jan. 13 “to
explain what we will do in the framework of the CIB strategic
plan’s adaptation as announced in November,” she said.

Chief Executive Officer Laurent Mignon said Nov. 9 that the
bank planned “no big waves of staff departures” as it targets
an additional reduction of 10 billion euros ($12.8 billion) in
risk-weighted assets by 2013. Natixis plans to cut businesses of
“classic commercial banking in the United States and in Asia”
by reducing lending to large corporates outside its main
markets, Mignon has said.

Natixis (KN), a unit of Groupe BPCE, had about 4,400 employees
at its corporate- and investment-banking unit at the end of
2010, according to its annual report. Natixis fell 47 percent in
Paris trading in the past 12 months to 1.96 euros, valuing the
company at about 6 billion euros.

The job-cutting plan was reported today by Les Echos.

To contact the reporter on this story:
Fabio Benedetti-Valentini in Paris at
fabiobv@bloomberg.net

To contact the editors responsible for this story:
Frank Connelly at
fconnelly@bloomberg.net;
Edward Evans at
eevans3@bloomberg.net

Ryder Publishes Corporate Sustainability Report

Posted by: Admin

January 25th, 2012 >> Corporate

MIAMI–(BUSINESS WIRE)–Ryder
System, Inc. (NYSE: R), a leader in transportation and supply chain
management solutions, today announced that it has published a Corporate
Sustainability Report highlighting Ryder’s progress towards
improving the communities and environments where the Company does
business. The report profiles Ryder’s efforts to drive business growth
in economically viable, environmentally sound, and responsible ways. It
is organized across five categories: Governance, Ethics and Compliance,
Environmental Stewardship, Safety and Security, and People and
Community. A one page “Progress at a Glance” provides readers an easy to
digest snapshot of Ryder’s accomplishments and goals.

We take
this expectation seriously and will continue our commitment to achieving
results the right way, and delivering on our promises with character and
accountability.

“As a leading provider of transportation and logistics solutions, our
stakeholders expect us to be stewards of real-world efficiency and
sustainability,” stated Ryder Chairman and CEO Greg Swienton. “We take
this expectation seriously and will continue our commitment to achieving
results the right way, and delivering on our promises with character and
accountability.”

Ryder’s Corporate Sustainability Report is available online at www.ryder.com
in the “About Us” section. Highlights in the report include:

Governance, Ethics amp; Compliance:

  • Achieving recognition from GovernanceMetrics International as one of
    The 20 Most Responsible Companies.
  • Completing more than 12,000 online compliance training lessons with
    employees around the world.

Environment:

  • Implementing a first-of-its-kind heavy duty natural gas vehicle
    project for commercial rental and lease fleets in Southern California.
  • Reducing energy and water consumption across US and Canada
    operations.

Safety amp; Security:

  • Launching a Sleep Apnea Wellness program to reduce the effects of
    fatigue among affected professional truck drivers at Ryder.
  • Completing certification as a Third Party Logistics Provider (3PL) in
    the Customs-Trade Partnership Against Terrorism (C-TPAT) program for
    logistics operations in Asia.

People amp; Community:

  • Making a $1 million commitment to become a member of the American Red
    Cross Annual Disaster Giving Program.
  • Redesigning the Company’s Leadership Competency Model and linking
    hiring, performance management, and professional development to four
    key leadership behaviors: character, judgment, relationships, and
    results.

About Ryder

Ryder is a FORTUNE 500® commercial transportation, logistics and supply
chain management solutions company. Ryder’s stock (NYSE:R) is a
component of the Dow Jones Transportation Average and the Standard amp;
Poor’s 500 Index. Inbound Logistics magazine has recognized Ryder
as a top third party logistics provider and included Ryder in its 2011
and 2010 “Green Partners” listing. Ryder has also been ranked two years
in a row as one of the top 250 US companies in the Newsweek
Green Rankings. In addition, Security Magazine has named Ryder
one of the top companies for security practices in the transportation,
logistics, supply chain, and warehousing sector. Ryder is a proud member
of the American Red Cross Annual Disaster Giving Program, supporting
national and local disaster preparedness and response efforts. For more
information, visit www.ryder.com
and follow us on Facebook,
YouTube,
and Twitter.

Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are
forward-looking statements within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on our current plans and expectations and are
subject to risks, uncertainties and assumptions. Accordingly,
these forward-looking statements should be evaluated with consideration
given to the many risks and uncertainties that could cause actual
results and events to differ materially from those in the
forward-looking statements including those risks set forth in our
periodic filings with the Securities and Exchange Commission. New
risks emerge from time to time. It is not possible for management
to predict all such risk factors or to assess the impact of such risks
on our business. Accordingly, we undertake no obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.

Synergy Real Estate Group, Corporate Advisory Helps NASA Hubble Lease New …

Posted by: Admin

January 24th, 2012 >> Corporate

GREENBELT, Md., Jan. 5, 2012 /PRNewswire via COMTEX/ –
John Galaxidas, President and CEO of Synergy Real Estate Group, Corporate Advisory (
www.synreg.com ) announced it assisted NASA – Hubble / TRAX International in leasing 120,000 square feet of office space for 450 staff located at 7700 Hubble Drive in Greenbelt, Maryland, a suburb of Washington, DC.

Synergy Real Estate Group, Corporate Advisory is the largest group of independent exclusive commercial real estate tenant representation brokers in North America headquartered in San Diego, California with over 120 associate offices throughout the US, Canada, Mexico, UK, India and China.

John Galaxidas, with the assistance of Debra Stracke Anderson, President and CEO of Sloan Street Advisors, co-brokered with Synergy to represent NASA Hubble in the transaction.

Debra Stracke Anderson was recently selected by the Mid Atlantic Real Estate Journal as one of “The Best Deals of 2010″ where the transaction with NASA Hubble / TRAX International was formally announced. To differentiate itself from other Commercial Real Estate firm, Synergy never represents Landlords, only Tenants. There is no cost for its service.

“Our clients range from small businesses to large Fortune 500 firms. We provide clients with a report containing all property sites that meet our clients parameters with photos, floor plans, help them to select the best alternatives, and then negotiate aggressive terms that take advantage of today’s multiple concessions and incentives,” said Galaxidas.

“Synergy tracks every office space and warehouse space in the local submarkets daily, including subleases, so it’s much easier for us to do the background work for our clients to be sure our clients become aware of all possibilities, as many are not marketed publicly. Further, since all commercial real estate leasing fees associated with a building are budgeted for and paid by the landlords, our clients incur no costs while having expert representation to insure that they achieve the best lease terms possible,” said Galaxidas.

For more information about Synergy Real Estate Group, Corporate Advisory, please visit their web site:
www.synreg.com or call: (888) 979-7787.

http://www.synreg.com

SOURCE Synergy Real Estate Group, Corporate Advisory

Copyright (C) 2012 PR Newswire. All rights reserved

Black Smoker Provides Corporate Update

Posted by: Admin

January 22nd, 2012 >> Corporate

VANCOUVER, BRITISH COLUMBIA, Jan 05, 2012 (MARKETWIRE via COMTEX) –
Announcement Highlights:

— Appointment of Philip Olson to the Advisory Board
— Drill Program Planned for February / March 2012
— Geological Consulting Agreement with Peter Theyer
— Resignation of Director

Black Smoker Ventures Inc. (cnsx:BSM) ("Black Smoker" or the
"Company") announces that it has appointed Philip E. Olson, P.Geo.,
to its advisory board to assist the Company with the development of
its exploration plans at the Fox Lake Mine project.

Mr. Olson's career includes the positions of Chief Geologist at the
Kidd Creek Mine from 1990 to 1995 for Falconbridge Limited,
Exploration Manager at Hemlo Gold Mines until 1997, followed by
successive positions VP, Exploration and Corporate Development with
Claude Resources Inc. from 1997 to 2005 and successively President,
Chairman and CEO with Titan Uranium Inc. until his retirement in
2009.

Mr. Olson has been a Director of Pelangio Mines Inc. and its
successor Pelangio Exploration Inc. since 1997. He was also a
Director of Detour Gold Corporation from 2007 until 2010. Mr. Olson
served a three year term with the Association of Professional
Engineers and Geoscientists of Saskatchewan as a Councilor and member
of its Law and Ethics Committee. He was also a member of the
committee for the development of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.

February/March 2012 Drill Program

Black Smoker, upon conclusion of recent modeling and additional
geophysical interpretation, now plans to commence a February/March
drill program at Fox Lake to test the deep conductor identified in
this past summer's deep penetrating SQUID survey. The Fox Lake
deposit area has never been tested at depth and this signature has
emerged as the primary drill target for the first phase campaign.

Geological Consulting Agreement with Peter Theyer

The Company has entered into a consulting agreement with Peter
Theyer, Ph.D., pursuant to which Dr. Theyer will provide geological
consulting services and technical advisory services to the Company in
connection with the exploration program on the Company's Fox Lake
Property.

Pursuant to the terms of the consulting agreement, the Company will
pay Dr. Theyer $80.00 per hour and reimburse Dr. Theyer for all
pre-approved expenses incurred in connection with the consulting
agreement.

Dr. Theyer completed his Ph. D. in geology in 1969 at the University
of Vienna in Austria. Dr. Theyer began his career in 1970 with
Falconbridge Nickel Mines as an exploration geologist in the Manitoba
Nickel Belt. This initial exposure and interest in the geology and
economic prospects of mafic-ultramafic rocks hosting nickel, copper
and Platinum Group Elements, was soon rounded out with the discovery
of an eventually mined copper, zinc gold VMS deposit in the Dominican
Republic. After five years as an exploration geologist, Dr Theyer
transitioned to the Manitoba civil service where he spent over 30
years as a commodity geologist specializing in base and precious
metals. While working with the Provincial Geological Survey, Dr.
Theyer pioneered the search for Platinum Group Elements in Manitoba
by proving their existence in the Bird River Sill of southeast
Manitoba.

Carson Seabolt, President and Chief executive officer states: "The
appointment of Philip Olson is particularly complementary to our
program as Phil completed a thesis on the mine area during its
operation by Sherritt Gordon in the mid 80's and as a result is
intimately familiar with the exploration potential of the Fox Lake
Mine project. We view Philip's participation as a validation of our
exploration concept and we are grateful for his guidance as we
advance towards our deep drill test this February. Philip's tenure as
Chief Geologist at Kidd Creek, one of the world's largest and deepest
VMS deposits, makes him a well suited advisor as Black Smoker pursues
additional deep lenses of mineralization at Fox Lake."

Resignation of Director

The company would also like to announce that Bruce Hannan has
resigned as a Director of the Company effective December 8, 2011.

About Black Smoker

Black Smoker is presently focused on the exploration of the Fox Lake
Property in Manitoba, Canada. The Company will continue its core
business of promotional management while developing and assessing
plans for the Fox Lake Property. A total of approximately 12 million
tonnes grading 1.82 % copper and 1.78% zinc was produced from the Fox
Mine in the years 1970 to 1985. Black Smoker is utilizing modern deep
penetrating geophysical techniques to target new discoveries at depth
and in proximity to the historic mine site.

On behalf of the board of directors of:

BLACK SMOKER VENTURES INC.

Carson Seabolt, Chief Executive Officer

FORWARD LOOKING STATEMENTS: This press release contains
forward-looking statements, which address future events and
conditions, which are subject to various risks and uncertainties. The
Company's actual results and financial position could differ
materially from those anticipated in such forward-looking statements
as a result of numerous factors, some of which may be beyond the
Company's control. These factors include: results of exploration
activities and development of mineral properties, fluctuations in the
marketplace for the sale of minerals, the inability to implement
corporate strategies, the ability to obtain financing, currency
fluctuations, general market and industry conditions and other risks
disclosed in the Company's filings with Canadian Securities
Regulators.

Forward-looking statements are based on the expectations and opinions
of the Company's management on the date the statements are made. The
assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise unless required by applicable securities law.

The CNSX has neither approved nor disapproved the information
contained herein.

Contacts:
Black Smoker Ventures Inc.
Carson Seabolt
(604) 687 6684 ext 103

www.blacksmokerventures.com

SOURCE: Black Smoker Ventures Inc.

http://www.blacksmokerventures.com

Copyright 2012 Marketwire, Inc., All rights reserved.

LMP Corporate Loan Fund Inc. ("TLI") Announces Distribution for the Month of …

Posted by: Admin

January 19th, 2012 >> Corporate

NEW YORK, Jan 05, 2012 (BUSINESS WIRE) –
LMP Corporate Loan Fund Inc.

/quotes/zigman/436168/quotes/nls/tli TLI
+0.89%



today announced a monthly
distribution of $0.0620 per common share for January 2012. The
distribution amount is unchanged from the prior month.

The distribution schedule appears below:

Month Ex-Date Record Date Payable Date Amount Type
——- ——— ———– ———— ——- ——
January 1/18/2012 1/20/2012 1/27/2012 $0.0620 Income

This press release is not for tax reporting purposes but is being
provided to announce the amount of the Fund's distribution that has been
declared by the Board of Directors. In early 2013, after definitive
information is available, the Fund will send shareholders a Form
1099-DIV, if applicable, specifying how the distributions paid by the
Fund during the respective calendar year should be characterized for
purposes of reporting the distributions on a shareholder's tax return
(e.g., ordinary income, long-term capital gain or return of capital).

LMP Corporate Loan Fund Inc., a non-diversified, closed-end management
investment company, is managed by Legg Mason Partners Fund Advisor, LLC,
a wholly-owned subsidiary of Legg Mason, Inc. and is sub-advised by
Citigroup Alternative Investments LLC, an indirect wholly-owned
subsidiary of Citigroup Inc.

Contact the Fund at 1-888-777-0102 for additional information, or
consult the Fund's web site at
www.leggmason.com/cef .

Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling
shares of the Fund.

SOURCE: LMP Corporate Loan Fund Inc.

LMP Corporate Loan Fund Inc.
1-888-777-0102

Copyright Business Wire 2012

/quotes/zigman/436168/quotes/nls/tli

Add TLI to portfolio

TLI

LMP Corporate Loan Fund Inc.


$
11.59

+0.10
+0.89%

Volume: 12,160
Jan. 18, 2012 3:59p

Corporate Voices and Its Partner Companies Featured at White House Event …

Posted by: Admin

January 16th, 2012 >> Corporate

Corporate Voices for Working Families supports the Obama administration in launching the Summer Jobs Plus initiative.

Washington, DC (PRWEB) January 05, 2012

Corporate Voices for Working Families supports the Obama administration in launching the Summer Jobs Plus initiative, which recognizes that there are a number of ways that employers can provide pathways to success for our nations low-income young adults, including Life Skills, Work Skills and Learn and Earn initiatives along with summer jobs, said Stephen M. Wing, a leading authority on workforce development who represented Corporate Voices at the White House event today.

Wing made his remarks as part of the White House Summer Jobs Plus Summit. He participated on a panel that explored the moral imperative, economic need and potential value of connecting low-income and disconnected youth to employment opportunities, both in the short and long term. The panel, titled The Case for Summer Jobs+ 2012, consisted of Alan Krueger, Chairman, Council of Economic Advisers; Alma Powell, Americas Promise Alliance; James White, CEO, Jamba Juice; RT Rybak, Mayor, Minneapolis, MN; Janet Murguia, President and CEO, National Council of La Raza; and John Bridgeland, CEO, Civic Enterprises/ White House Council for Community Solutions.

The event marked the launch of President Obamas challenge to businesses to commit to provide low-income youth with summer employment and other pathways to success. Recognizing that in a difficult economy not every business is in a position to hire, the administrations new Summer Jobs Plus initiative will support not only businesses that hire youth, but also those companies that provide additional pathways for youth, such as internships, mentoring and other programs. Summer Jobs Plus identifies three key ways for companies to help connect youth to a better future while simultaneously deriving benefits for their businesses, such as increased employee engagement, customer loyalty and employee retention.

Businesses can accept the presidents challenge and make a Pathways Pledge by choosing at least one of the following three pathways to employment for low-income youth: Life Skills, Work Skills and Learn and Earn.

Corporate Voices Senior Workforce Readiness Consultant, Elyse Rosenblum, served as a content expert at one of the featured breakout sessions: Creating Pathways to Employment for Youth.

More than five million young people in the United States are disconnected from education and employment, Rosenblum said. Corporate Voices is encouraged that the Obama administration has brought together leaders from the public and private sectors to find solutions that will enable young people to succeed, help employers tap new sources of skilled talent and strengthen our nations economic prosperity.

A number of businesses committed to providing our nations young adults with jobs, internships and other pathways to opportunity, including the following Corporate Voices partner companies: Bank of America, Baxter International, Inc., CVS Caremark, Deloitte, Goodwill Industries International, H-E-B, JPMorgan Chase, and Wells Fargo.

Over the last five years, Corporate Voices, in partnership with the New Options Project, and with support from the WK Kellogg Foundation and the Bill and Melinda Gates Foundation, has been deeply focused on ways companies can provide low-income young adults with pathways to employment and education.

Most recently, Corporate Voices has worked with Gap Inc. and McKinsey by providing content and information for a toolkit being released today by the Corporation for National Service. The toolkit provides employers with a roadmap for how they can use different strategies, such as Life Skills, Work Skills and Learn and Earn initiatives to provide opportunities to Americas young adults.

About Corporate Voices for Working Families

Corporate Voices for Working Families is the leading national business membership organization shaping conversations and collaborations on public and corporate policy issues involving working families. A nonprofit, nonpartisan organization, we create and advance innovative policy solutions that reflect a commonality of interests among the private sector both global and domestic, government and other stakeholders. We are a unique voice, and we provide leading and best-practice employers a forum to improve the lives of working families, while strengthening our nations economy and enhancing the vitality of our communities. Publications, research studies and toolkits on a host of workforce readiness, workplace flexibility, family economic stability and work and family balance issues are available online at www.corporatevoices.org.

# # #

For the original version on PRWeb visit: www.prweb.com/releases/prweb2012/1/prweb9079695.htm

High-yield corporate bonds are looking safer

Posted by: Admin

January 14th, 2012 >> Corporate

In 2012, investors need to give alternatives very serious consideration. For yield boosts in the near term, mortgage-backed securities the government-backed, not subprime, kind look attractive. Fannie Mae and Freddie Mac bonds can offer investors a 1- to 1.5-percentage point bump over Treasuries.

Corporate bonds also deserve examination. Thanks to a massive wave of refinancing in the years following the 2008 crisis, many companies with riskier credit profiles have lowered their financing costs and pushed out debt maturities to 2013 and beyond. Default rates are expected to be just 2 per cent over the next year or only 4 per cent if theres a recession. The width of credit spreads over Treasuries, meanwhile, gives investors in high-yield bonds a buffer to absorb the unwelcome hit of rising interest rates.

It may be difficult to think of high-yield corporate debt as a safe haven and some, like bottom-of-the-barrel CCC-rated junk, certainly dont fall in this category. But bonds issued by higher-rated companies not held hostage to the ups and downs of economic cycles, could be a good place to park cash.

Its quite unlikely US Treasuries will get truly clobbered in the year ahead, and theres certainly no reason to abandon the asset class altogether. The Fed, after all, has said that it will leave short rates near zero at least until 2013 and the United States still enjoys a privileged position in the world of finance. The dollar is the global currency reserve and its markets are the deepest and most liquid. But with so many crowding into Treasuries in 2011, investors should look for the exit before everyone else does.

New York City Council Passes Resolution Opposing Corporate Personhood

Posted by: Admin

January 7th, 2012 >> Corporate

The New York City Council symbolically passed a resolution Wednesday opposing corporate personhood. Resolution 1172 formally expressed disapproval of the landmark US Supreme Court decision in Citizens United vs. Federal Election Commission, which declared that corporations have the same first amendment rights as people.

The bill, which urges Congress to take action against corporate personhood, was sponsored by councilmembers Brad Lander, Melissa Mark-Viverito and Steve Levin, all members of the Progressive Caucus. After the vote, the Caucus released a statement, which read in part:

As our support of this resolution demonstrates, restoring confidence in government and strengthening democratic participation is a core principle of the Progressive Caucus. We believe that corporations should not share the same rights as people, that unlimited and unreported corporate donations meant to sway the electoral process should not be considered freedom of speech, and that the government should regulate the raising and spending of money by corporations intended to influence elections. We cannot allow corporate money to manipulate our democracy.

Occupy Wall Streets New York General Assembly voted to support the resolution. Corporate personhood has been a target of Occupy since the movement began in September.

The non-binding resolution passed along party lines with 41 yes-votes from Democrats, five no-votes from all five Council Republicans and one abstention from Democrat Peter Vallone.

Speaking at the hearing, Councilman Eric Ulrich (R-Queens) spoke against the resolution, but was nearly drowned out by the boos and hisses of Occupy Wall Street protesters in attendance, The Gotham Gazette reports. Corporations are people, he said. All their money goes back to the people.

The New York City Council joins a growing list of local governments across the US who have passed similar resolutions, including Los Angeles, Albany, Boulder and Oakland.

Sentry Corporate Class Ltd. acquires the assets of NCE Diversified Flow …

Posted by: Admin

January 6th, 2012 >> Corporate

TORONTO, ONTARIO, Jan 05, 2012 (MARKETWIRE via COMTEX) –
Sentry Investments Inc. (“Sentry”) is pleased to announce that
Sentry Corporate Class Ltd. (the “Corporation”) has acquired all of
the assets of NCE Diversified Flow-Through (10) Limited Partnership
(the “Partnership”) other than an amount in cash sufficient to pay
the Partnership’s liabilities. The total value of the assets acquired
at the time of the acquisition was $81,275,667.

Mutual fund share value of the (10) Partnership

In exchange for the Partnership’s assets, the Partnership received an
aggregate of 2,324,666.6294 Series A sales charge option shares (the
“Shares”) of Sentry Canadian Resource Class (the “Fund”) at a net
asset value of $34.96 per Share in the capital of the Corporation.
As a result, each Partnership unit is worth the equivalent of 0.7273
a share of the Fund.

Value of the Partnership units

As at the close of business on January 4, 2012, the value of the
Partnership units was $25.43 per unit.

Distribution of mutual fund shares

Following the transfer of the Partnership’s assets in exchange for
the Shares of the Fund on January 4, 2012, the Partnership
distributed all of the Shares to its limited partners in proportion
to their respective interest in the Partnership. The former limited
partners of the Partnership are now shareholders of the Corporation.
The Shares are redeemable on a daily basis at the Fund’s net asset
value and can be converted into shares of other corporate classes as
described below.

Notice to limited partners

A notice in connection with the proposed sale of the Partnership’s
assets to the Corporation in exchange for the Shares and the
subsequent dissolution of the Partnership was mailed to the limited
partners of the Partnership in December 2011.

Sentry Canadian Resource Class

Sentry Canadian Resource Class is a class of mutual fund shares of
the Corporation. To achieve its objective of long-term growth through
capital appreciation, the Fund invests primarily in equities and
other securities of Canadian companies engaged in energy and natural
resource industries such as oil and gas, mining and minerals,
forestry and other resources, as well as sectors that are dependent
on these industries such as pipelines, utilities and equipment
manufacturers. As at the close of business on January 4, 2012, the
net assets in the Fund, prior to the merger, was approximately
$157,065,614.

Sentry Corporate Class Ltd.

In addition to Sentry Canadian Resource Class, the Corporation offers
shares of Sentry Canadian Income Class, Sentry Diversified Total
Return Class, Sentry Mining Opportunities Class, Sentry Money Market
Class, Sentry Precious Metals Growth Class and Sentry Tactical Bond
Capital Yield Class. The corporate class structure allows investors
to convert shares of one corporate class fund into another without
triggering any capital gains tax.

NCE Diversified Flow-Through (12) Limited Partnership

A preliminary prospectus, dated December 19, 2011, for NCE
Diversified Flow-Through (12) Limited Partnership has been filed
with, and the receipt issued by, the securities commissions and
regulatory authorities in each of the provinces and territories of
Canada. The offering price per unit is $25.00 with a minimum
subscription of 200 units ($5,000).

Sentry Investments

Sentry Investments is a Canadian asset management company with
approximately $6.5 billion in assets under management on behalf of
Canadian investors. Sentry Investments offers a diverse range of
investment products including mutual funds, hedge funds, flow-through
limited partnerships and other alternative investment products.
Sentry Investments was recognized as Canada’s Best Equity Fund Family
at the 2011 Lipper Fund Awards(1) and was one of only five companies
in 2011 to receive the prestigious Brendan Wood International TopGun
Asset Management Team Award.

Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions “expect,” “anticipate,” “will” and
similar expressions to the extent they relate to the NCE Diversified
Flow-Through (12) Limited Partnership, the Partnership or the Fund.
The forward-looking statements are not historical facts but reflect
the Corporation’s and Sentry’s current expectations regarding future
results or events. These forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results or
events to differ materially from current expectations. Although
Sentry believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not
guarantees of future performance and, accordingly, readers are
cautioned not to place undue reliance on such statements due to the
inherent uncertainty therein. Sentry undertakes no obligation to
update publicly or otherwise revise any forward-looking statement or
information whether as a result of new information, future events or
other such factors which affect this information, except as required
by law. For a complete disclosure record of the Partnership and the
Corporation, please visit their respective profiles on
www.sedar.com .

A preliminary prospectus containing important information relating to
these securities of NCE Diversified Flow-Through (12) Limited
Partnership has been filed with securities commissions or similar
authorities in all the provinces and territories of Canada. The
preliminary prospectus is still subject to completion or amendment.
Copies of the preliminary prospectus may be obtained from any one of
the dealers comprising the syndicate of agents which is co-led by RBC
Dominion Securities Inc., CIBC World Markets Inc. and National Bank
Financial Inc., and includes BMO Nesbitt Burns Inc., TD Securities
Inc., Canaccord Genuity Corp., GMP Securities L.P., Manulife
Securities Incorporated, Scotia Capital Inc., HSBC Securities
(Canada) Inc., Macquarie Private Wealth Inc., Raymond James Ltd.,
Desjardins Securities Inc., Dundee Securities Ltd., M Partners Inc.
and Mackie Research Capital Corporation.

There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been issued.

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Lipper, a Thomson Reuters Company. Copyright 2011 Thomson Reuters.
All rights reserved. Any copying, republication or redistribution of
Lipper content is expressly prohibited without the prior written
consent of Thomson Reuters.

Sentry Investments Inc.
Commerce Court West
199 Bay Street, Suite 4100
P.O. Box 108
Toronto, ON M5L 1E2
Tel: 416-364-9297
Fax: 416-364-1197

Contacts:
Investor Relations
(broker/investor inquiries and media inquiries)
1-888-730-4623
416-364-1197
info@sentry.ca

www.sentry.ca

SOURCE: Sentry Investments Inc.

mailto:info@sentry.ca

http://www.sentry.ca

Copyright 2012 Marketwire, Inc., All rights reserved.