On Friday, Shares of Royal Bank of Canada (NYSE:RY), lost -2.15% to $56.81.
In celebration of the forthcoming Black History Month, the Royal Bank of Canada is giving more to students by increasing the number of scholarships available through its Black History Month Student Essay Competition. Students can now earn one of 25 scholarships, counting grand prizes of up to $5,000 that will assist give their Someday a head start. The competition gives students an opportunity to learn about the contribution black people have made to Canadian history.
The RBC Black History Month Student Essay Competition asks students entering a Canadian university or college in the 2016/17 academic year to learn about and share their thoughts on how black Canadians have assisted to define Canada’s diverse heritage and identity through their achievements and contributions to the broader society.
“Recognizing the contributions of black Canadians is important to our diverse national heritage.” says Kim Mason, RBC Regional President for Greater Toronto. “This essay competition gives young Canadians not only an opportunity to honour those who have assisted shape Canada, but also the chance to earn a scholarship and assist take the next step toward reaching their Someday as tuition costs continue to rise.”
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets.
Shares of Valero Energy Corporation (NYSE:VLO), inclined 0.17% to $65.92, during its last trading session.
Valero Energy Partners, stated third quarter 2015 net income attributable to partners of $31.4 million, or $0.51 per common limited partner unit. The Partnership generated earnings before interest, income taxes, depreciation, and amortization of $43.6 million and distributable cash flow of $41.9 million. VLP’s coverage ratio for the third quarter of 2015 was 2.08x.
VLP’s acquisition of the Corpus Christi Terminal Services Business from auxiliaries of its sponsor, Valero Energy Corporation (NYSE: VLO, “Valero”), closed on October 1, 2015. The Partnership anticipates this business to contribute toward achieving annual distribution growth of about 25 percent for the next couple of years.
On October 15, the board of directors of VLP’s general partner declared a third quarter 2015 cash distribution of $0.3075 per unit. This distribution represents an improvement of 5.1 percent from the second quarter of 2015 and an improvement of 28.1 percent from the third quarter of 2014.
Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol.
Finally, Shares of Jarden Corp (NYSE:JAH), ended its last trade with 0.61% gain, and closed at $44.80.
Jarden, declared the closing of its formerly declared offering of $300 million in aggregate principal amount of its senior notes (the “Notes”) due 2023 in a private offering to qualified institutional buyers following Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain persons outside of the U.S. following Regulation S under the Securities Act. The Notes are guaranteed by certain of the Company’s domestic auxiliaries. The Notes will pay interest semiannually at a rate of 5% per annum and will mature on November 15, 2023.
The Company estimates that the net proceeds from the sale of the Notes are about $293.5 million, after deducting estimated fees and expenses. The Company anticipates to use the net proceeds of the offering to fund a portion of the purchase price and related fees and expenses for the recently declared acquisition of Visant Holding Corp. (“Visant”), the parent company of Jostens, Inc. and the other entities composing the Jostens business (collectively, “Jostens”).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes nor the related guarantees, nor shall there be any solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful preceding to registration or qualification under the securities laws of any such state or jurisdiction.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.