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Frontline Tooling Solutions Completes the Sale of Techniks Tool Group

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Frontline Tooling Solutions (Frontline), the non-operating holding company of Techniks Tool Group (TTG) and Peak Toolworks (Peak), has completed the sale of TTG to an affiliate of Z Capital Group (Z Capital). The sale and separation of TTG enables both TTG and Peak to focus on their independent growth strategies. Frontline, backed by Audax Private Equity, will continue to invest behind the Peak platform.

TTG was formed in 2017 through the combination of Techniks and Parlec, to create an industry leading provider of aftermarket tool holder products.

Following the sale of TTG, Peak Toolworks will continue to invest behind its strategy, building upon its leadership position in providing diamond and carbide cutting tool solutions to the North American secondary woodworking, composites, and metal markets. The separation and sale of TTG will enable Peak to further focus on its strategy of organically expanding its product portfolio, customer base, and end markets, while growing through add-on acquisitions.

We congratulate the team at TTG on the transaction and wish them continued success, said Kerry Baskins, CEO of Peak. We are enthusiastic for Peaks future and for the benefits that will come from a focused business, including improved innovation, customer service and growth that will benefit our customers and employees. Audax remains a steadfast partner looking to enhance and scale Peak; we have an exciting future ahead.

Terms of the transaction were not disclosed. Kirkland & Ellis LLP served as legal advisor, and Lincoln International served as financial advisor to Frontline.

ABOUT TECHNIKS TOOL GROUP: Techniks Tool Group is a North American industry leader in high quality branded tooling and workholding solutions for demanding and high precision CNC applications. TTG has an unparalleled network spanning the manufacturing and tooling industries with a focus on strategic supplier relationships, leading channel access, extensive engineering capabilities and unmatched customer support. For more information, please visit www.technikstoolgroup.com.

ABOUT PEAK TOOLWORKS Peak Toolworks is an industry leading full service cutting tools solutions provider to the secondary wood, composite, metal, and other industries. Peak operates a number of leading brands, including MaxxLife, North American Products, Gladu, Riverside, RKO, and others. Headquartered in Jasper, IN with 3 manufacturing facilities, Peak possesses one of North Americas largest cutting tool service and direct sales network with 13 strategically located regional service centers operating over 200 service routes across the United States and Canada. For more information, please visit https://frontlinetooling.com/cutting-tool-group/peak-toolworks/.

ABOUT Z CAPITAL GROUP Z Capital Group, L.L.C. and its subsidiaries (“Z Capital”) are a leading alternative asset management firm with approximately $2.3 billion of regulatory assets under management. For over two decades, the principals of Z Capital have worked to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, automotive parts, capital equipment and general manufacturing.

Z Capital creates value for its investors by collaborating with talented management teams to generate investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies.

The Z Capital Private Equity Funds’ portfolio companies are within numerous industries, have aggregate annual revenues of approximately $1.3 billion, sell products in 57 countries, and have over 11,000 employees and an excess of 200,000 associates, directly and through joint ventures worldwide. The Z Capital investment strategy and portfolio companies are described at www.zcapgroup.net.

ABOUT AUDAX PRIVATE EQUITY Audax Group is a leading alternative investment manager with offices in Boston, New York, and San Francisco. Since its founding in 1999, the firm has raised over $23 billion in capital across its Private Equity and Private Debt businesses. Audax Private Equity has invested over $5 billion in 120 platforms and 739 add-on companies. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 220 employees and over 100 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.

Kerry Baskins
[email protected]

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Calamos Investments Announces Calamos Long/Short Equity & Dynamic Income Trust (NASDAQ: CPZ) to Raise Monthly Distribution Payable in February 2021

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NAPERVILLE, Ill., Jan. 21, 2021 /PRNewswire/ — Calamos Investments®* announced today the raising of the monthly distribution rate of Calamos Long/Short Equity & Dynamic Income Trust (Nasdaq: CPZ) from 12.00 cents per share to 13.00 cents per share payable on February 19, 2021. Representing an approximate 8% increase from the prior distribution, the new distribution rate reflects on an annualized basis a current distribution rate of 8.60% based upon the Fund's market price of $18.14 per share on January 20, 2021. This $0.01 monthly distribution increase represents the second of such dividend raises to shareholders since December 2020.

CPZ Dividend Details

Monthly Dividend Declaration

Distribution

Payable
date

Record
date

Ex-dividend
date

January 21, 2021

$0.1300

02/19/21

02/12/21

02/11/21

Actively managed, CPZ is a global total return offering that seeks to provide current income and risk-managed capital appreciation by investing in a long/short equity strategy and a broad array of income-producing assets comprising a global approach. Key factors relating to the Fund's success and its ability to raise its dividend at this time include:

  • Active risk management of portfolio, focused on global stocks and income producing securities, fostered the Fund's positive performance in Q4 2020
  • Very attractive leverage costs continue to be accretive to our shareholders via a positive reinvestment rate of return
  • Active portfolio positioning seeking to optimize attractive investment opportunities in global equity markets in 2021

The Fund is one of five Calamos closed-end funds that announced a dividend increase payable in February 2021. Reflecting on the strength of the Fund's distributions, John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer, stated, “We are pleased these funds are well positioned to raise their monthly dividends following our effective active management, resulting in strong portfolio performance in 2020, as well as our market positioning to optimize opportunities we see for our shareholders in 2021.  As demonstrated by the attractive dividends across our closed-end fund lineup totaling nearly $9 billion in assets under management as of 12/31/20, we remain committed to our closed-end fund shareholders to provide both attractive and sustainable distributions so that they may better participate in the portfolio's returns.”

Additional information regarding the estimated amount of the sources of the Fund's monthly distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended (“1940 Act”), and the related rules adopted thereunder, will be provided in a separate release closer to the Fund's payable date.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's plan. If the Fund estimates that it has distributed more than its income and capital gains, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099 DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

An innovator in dynamically allocated closed end funds since 2002, Calamos Investments currently manages nearly $9 billion as of 12/31/20 in seven closed end funds. Additional information about the funds can be found on www.calamos.com.

Important Notes about Performance and Risk
Past performance is no guarantee of future results. As with other investments, market price will fluctuate with the market and upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value.

About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-asset, convertible, fixed income, and equity. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. For more information, please visit www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.

Cision View original content:http://www.prnewswire.com/news-releases/calamos-investments-announces-calamos-longshort-equity–dynamic-income-trust-nasdaq-cpz-to-raise-monthly-distribution-payable-in-february-2021-301212956.html

SOURCE Calamos Investments

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Calamos Investments Announces Calamos Strategic Total Return Fund (NASDAQ: CSQ) to Raise Monthly Distribution Payable in February 2021

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NAPERVILLE, Ill., Jan. 21, 2021 /PRNewswire/ — Calamos Investments®* announced today the raising of the monthly distribution rate of Calamos Strategic Total Return Fund (Nasdaq: CSQ) from 9.25 cents per share to 10.25 cents per share payable on February 19, 2021. Representing an approximate 11% increase from the prior distribution, the new distribution rate reflects on an annualized basis a current distribution rate of 7.70% based upon the Fund's market price of $15.98 per share on January 20, 2021.

CSQ Dividend Details

Monthly Dividend Declaration

Distribution

Payable
date

Record
date

Ex-dividend
date

January 21, 2021

$0.1025

02/19/21

02/12/21

02/11/21

Actively managed, CSQ seeks total return through a combination of capital appreciation and current income by investing in a diversified portfolio of equities, convertible securities and high yield corporate bonds. Key factors relating to the Fund's success and its ability to raise its dividend at this time include:

  • Active management fostered positive performance in 2020
  • Strong absolute and relative return profile enhanced by our risk managed approach
  • Very attractive leverage costs continue to be accretive to our shareholders via a positive reinvestment rate of return
  • Active portfolio positioning seeking to optimize attractive investment opportunities in convertible bond and equity markets in 2021

The Fund is one of five Calamos closed-end funds that announced a dividend increase payable in February 2021. Reflecting on the strength of the Fund's distributions, John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer, stated, “We are pleased these funds are well positioned to raise their monthly dividends following our effective active management, resulting in strong portfolio performance in 2020, as well as our market positioning to optimize opportunities we see for our shareholders in 2021. As demonstrated by the attractive dividends across our closed-end fund lineup totaling nearly $9 billion in assets under management as of 12/31/20, we remain committed to our closed-end fund shareholders to provide both attractive and sustainable distributions so that they may better participate in the portfolio's returns.”

Additional information regarding the estimated amount of the sources of the Fund's monthly distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended (“1940 Act”), and the related rules adopted thereunder, will be provided in a separate release closer to the Fund's payable date.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's plan. If the Fund estimates that it has distributed more than its income and capital gains, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099 DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

An innovator in dynamically allocated closed end funds since 2002, Calamos Investments currently manages nearly $9 billion as of 12/31/20 in seven closed end funds. Additional information about the funds can be found on www.calamos.com.

Important Notes about Performance and Risk
Past performance is no guarantee of future results. As with other investments, market price will fluctuate with the market and upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Returns at NAV reflect the deduction of the Fund's management fee, debt leverage costs and other expenses. You can purchase or sell common shares daily. Like any other stock, market price will fluctuate with the market. Upon sale, your shares may have a market price that is above or below net asset value and may be worth more or less than your original investment. Shares of closed-end funds frequently trade at a discount which is a market price that is below their net asset value.

About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including alternatives, multi-asset, convertible, fixed income, and equity. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee and the Miami area. For more information, please visit www.calamos.com.

*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.

Cision View original content:http://www.prnewswire.com/news-releases/calamos-investments-announces-calamos-strategic-total-return-fund-nasdaq-csq-to-raise-monthly-distribution-payable-in-february-2021-301212954.html

SOURCE Calamos Investments

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Mirror Completes Bridge to Binance Smart Chain to Bring Synthetic Stocks to Binance Community

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SEOUL, South Korea, Jan. 21, 2021 /PRNewswire-PRWeb/ — Mirror, the synthetic assets protocol built on the Terra blockchain, has completed the integration of a cross-chain bridge to Binance Smart Chain (BSC) — bringing synthetic assets to the BSC community. The bridge enables porting of Terra's stablecoin UST, its native token LUNA, governance token MIR, and Mirrored Assets (mAssets) to BSC. Initially, the assets will be rolled out on BSC DeFi applications PancakeSwap and StableXSwap.

“We're thrilled to extend access to Mirror's synthetic assets to the Binance Smart Chain community,” says Terraform Labs Co-Founder & CEO, Do Kwon. “The exposure to mAssets via a cross-chain bridge is a powerful avenue for increasing composability and liquidity across blockchain networks, and we welcome the BSC community to Mirror's community-governed protocol as the next major step in Mirror's mission to bring synthetic asset exposure to the world.”

Terra's custom cross-chain bridge was originally built between Terra and Ethereum, enabling Terra assets, such as whitelisted mAssets on Mirror, to be sent from the Terra blockchain to Ethereum. Terra's BSC integration will now enable users to access mAssets directly from applications running on BSC.

The initial liquidity of mAssets on BSC will be supplemented by the inclusion of mAssets and UST into two of BSC's leading DeFi protocols — PancakeSwap, an automated market maker (AMM) DEX, and StableXSwap, a stablecoin DEX similar to Curve on Ethereum.

The first mAssets to list on PancakeSwap will be the major tech stocks Tesla, Amazon, Netflix, and Google via their mirrored mAsset versions. On StableXSwap, UST will be listed against BUSD using the platform's low-slippage bonding curve pool. Rewards for providing liquidity will be issued in Terra's native token, LUNA, in the coming weeks.

The mAssets can be deployed for a variety of purposes, including use as collateral in lending protocols, used by LPs in yield farming programs, leveraged trading of synthetics, synthetic stable pools (e.g., mBTC/LinearBTC/BTCB), and more.

About Binance Smart Chain

Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former's fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible dApps.

For more information on Binance Smart Chain, visit https://www.binance.org/#smartChain.

Discord: https://discord.com/channels/789402563035660308/789427734711107595

About Mirror

Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. Mirror is a community-governed project that seeks to unlock the wealth creation of major asset classes to users around the world via a permissionless access model.

Media Contact

Kili Wall, Melrose PR, 310-260-7901, [email protected]

 

SOURCE Mirror

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