Provided by Dow Jones By Maria Armental Sun Life Financial Inc. reported higher profit for the fourth quarter. Here s what you need to know: PROFIT: Net income for the quarter rose to C$744 million from C$719 million a year earlier. On a per-share basis, profit rose to C$1.27, or C$1.47 as adjusted. Analysts surveyed by FactSet expected C$1.39 a share. YEAR: The company ended the year at a profit of C$2.4 billion, down from C$2.62 billion a year earlier. AUM: The company ended the year with C$1.247 trillion in assets under management, up from C$1.099 trillion a year earlier. CEO: The acceleration of everything digital, from how we advise Clients, sell solutions and pay claims, will be a lasting benefit beyond this year, Chief Executive Dean Connor said in a statement, pointing to the launch of Lumino Health Virtual Care for Clients in Canada, a 6% U.S. sales increase, and the use of virtual planning and sales experiences across our Asian m
By Maria Armental Sun Life Financial Inc. reported higher profit for the fourth quarter. Here s what you need to know: PROFIT: Net income for the quarter rose to C$744 million from C$719. | February 13, 2021
Patrizia received the Best Client Service award.
In the category of mid-cap real estate GPs, Los Angeles-based
PCCP LLC was picked Best of the Best. PCCP focuses on senior and mezzanine debts in small- to medium-sized commercial buildings, as well as value-add investments.
INFRASTRUCTURE
Macquarie received the same amount of votes as Brookfield and was jointly awarded Best of the Best infrastructure manager.
Australia’s
Schroders and
Antin Infrastructure Partners was awarded Best Client Service.
Among mid-cap GPs,
Equitix was awarded Best of the Best, followed by
InfraRed Capital Partners who won Best Performance. Through the two UK investment firms, NPS, POBA and Korean insurers, including Hyundai Merchant, invested in the operator of London Orbital Motorway, or M25, as well as Britain’s High Speed 1 (HS1).
External Company Press Release
The Board of TRIG is pleased to announce that the Company has exchanged contracts to acquire an equity interest of 17.5% in Beatrice offshore wind farm (the Project) from Copenhagen Infrastructure Partners (CIP). Beatrice is a 588MW offshore wind farm developed by SSE plc using Siemens turbines, has an established track record since operations commenced in 2018 and benefits from a Contract-for-Difference ( CfD ) subsidy. Following completion of the transaction, Beatrice will represent approximately 12% of TRIG s investment portfolio.
The wind farm is located approximately 13km off the north east coast of Scotland and comprises 84 Siemens 7MW turbines which utilise direct drive technology. The Project has a 15-year maintenance agreement in place with Siemens. The Project s CfD subsidy fixes the price received for all power generated until 2034, with indexation to inflation. Debt financing on the Project is fixed rate and fully amortising within the