Cebu Landmasters enters P3-B notes facility to partially fund capex
May 4, 2021 | 12:05 am
CEBULANDMASTERS.COM
PROPERTY developer Cebu Landmasters, Inc. (CLI) entered a P3-billion notes facility agreement with BPI Investment Management, Inc. (BIMI) to partially fund the P12-billion capital expenditure (capex) set for the year.
“We fully intend to live up to our obligations and ensure mutual value and success for our investors,” Beauregard Grant L. Cheng, chief finance officer at CLI, said in a statement on Monday.
CLI earlier announced that it would use this year’s capex to fund the development of its new projects.
Proceeds from the notes will be used to finance the company’s portfolio expansion to create a mixed-use 300-room dormitory-hotel business in Cebu City and other projects in Visayas and Mindanao.
Jessica Pickens Joins Strategic Wealth Partners as Chief Operating Officer
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Pickens to Help Drive Growth and a Continued Focus on the Client Experience
Our vision for the firm includes ambitious growth objectives and a continued focus on providing excellent service to our clients DEERFIELD, Ill. (PRWEB) April 29, 2021 Strategic Wealth Partners Group, LLC, an independent wealth management firm with offices in Chicago and Milwaukee, announced today that Jessica Pickens has joined the firm as Chief Operating Officer (COO).
“Our vision for the firm includes ambitious growth objectives and a continued focus on providing excellent service to our clients,” says Neal Price, Principal and Co-Founder of Strategic Wealth Partners. “Jessica’s experience and personality make her a great fit for our team and the ideal person to lead a variety of projects that will support both of these key initiatives.�
IE Staff
Adam Elliott has been appointed president and CEO of iA Clarington Investments Inc, succeeding Andrew Dalglish, who is retiring.
Elliott joined iA Clarington in 2018 as senior vice-president and national sales manager. He will retain his role as national sales manager, according to a release.
“Adam has the experience, expertise and dedication needed to bring iA Clarington to new heights of success,” Sean O’Brien, executive vice-president, iA Wealth, said in the release.
In the same release, the firm announced that Tejsvi (Tej) Rai, senior vice-president, asset allocation, iA Investment Management Inc., has been appointed portfolio manager of the iA Wealth Managed Portfolios, IA Wealth Enhanced Bond Pool, IA Clarington Yield Opportunities Fund, IA Clarington Global Yield Opportunities Fund and IA Clarington Monthly Income Balanced Fund.
Staff
Adam Elliott has been appointed president and CEO of iA Clarington Investments Inc, succeeding Andrew Dalglish, who is retiring.
Elliott joined iA Clarington in 2018 as senior vice-president and national sales manager. He will retain his role as national sales manager, according to a release.
“Adam has the experience, expertise and dedication needed to bring iA Clarington to new heights of success,” Sean O’Brien, executive vice-president, iA Wealth, said in the release.
In the same release, the firm announced that Tejsvi (Tej) Rai, senior vice-president, asset allocation, iA Investment Management Inc., has been appointed portfolio manager of the iA Wealth Managed Portfolios, IA Wealth Enhanced Bond Pool, IA Clarington Yield Opportunities Fund, IA Clarington Global Yield Opportunities Fund and IA Clarington Monthly Income Balanced Fund.
The Globe and Mail Mary Gooderham Published April 13, 2021 Bookmark
For income-seeking investors, global-dividend ETFs promise broad diversification, low volatility and above-average yields. They also come with somewhat higher costs and a few tax drawbacks for Canadians, making them less suitable in some portfolios.
“Most people buying these want a higher level of income than they get from a broader index,” says Alan Fustey, a Winnipeg-based portfolio manager at Adaptive ETF, a division of Bellwether Investment Management Inc. “And they also want a high degree of sustainability on that income.”
In terms of total returns, however, some of these ETFs “lagged the market pretty badly last year,” Mr. Fustey notes, largely because they focus on dividend-heavy sectors such as utilities and financials and are underweight in the technology, communications and lower-quality small-cap companies that outperformed.