FINWIRES · TerminalLIVE
FINWIRES

Montfort Capital Announces Resignations from Its Board of Directors

By

-- Montfort Capital (MONT.V) on Monday said Janice Lederman and Paul Geyer stepped down from its board of directors effective April 26. It does not intend to appoint replacements at this time, citing the board's current composition as appropriate for its scale of operations.

Separately, Cortland Credit Lending Corporation issued demands under certain credit facilities to Pivot Financial I L.P., with guarantees from Montfort and Langhaus Financial Corporation. Montfort said trading in its securities was halted on April 24.

Following discussions over the weekend, the demands were retracted as the parties work toward an alternative solution. The company said it will update shareholders in due course.

Montfort shares last traded Friday, closing at $0.015 on the TSX Venture Exchange.

Related Articles

Research

Research Alert: Ventas: Revenue Beats, $1b In New Senior Housing Properties Acquired In Q1

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:VTR reported Q1 revenue of $1.66B, up 22.0% Y/Y (+5.8% Q/Q) and $81M ahead of consensus estimates, with same-store cash NOI rising 8.7% Y/Y driven by strong Senior Housing Operating (SHO) performance (+15.4% Y/Y). Outpatient Medical and Research (OMR) contributed +2.4% NOI growth while Triple-Net (NNN) added +1.6% Y/Y growth, demonstrating diversified portfolio strength across all business segments. SHOP fundamentals remain exceptionally robust with occupancy increasing 310 bps Y/Y (+30 bps Q/Q) to 90.4% and average monthly revenue per occupied room (RevPOR) up 5.0% Y/Y to $5,512, demonstrating continued strong pricing power in senior housing markets. Cash NOI margins expanded significantly with SHOP margins increasing 170 bps to 30.0%, while OMR margins contracted 80 bps to 64.6% compared to Q1 2025 levels. The strong operational execution in SHOP continues to drive both occupancy gains and margin expansion, positioning VTR well for sustained NOI growth going forward.

$VTR
Asia

AM Best Affirms Tower Ratings at 'A-Excellent' With Stable Outlook

Tower (ASX:TWR, NZE:TWR) said AM Best has reaffirmed its financial strength rating at "A-Excellent" and its long-term issuer credit rating at "a-Excellent," both with a stable outlook, according to a Tuesday filing with the New Zealand bourse.The agency attributed the ratings to the company's strong balance sheet, adequate operating performance, neutral business profile, and sound risk management, the filing added.

$ASX:TWR$NZE:TWR
Commodities

US Natural Gas Update: Futures Rise on Cooler Weather Outlook

US natural gas futures climbed in after-hours trading on Monday as a cooler weather outlook and easing supply conditions triggered some short covering.The front-month Henry Hub contract and the continuous contract both rose 0.75% to $2.542 per million British thermal units.Prices briefly touched an intraday high of around $2.63/MMBtu in earlier trade."Nat-gas prices settled higher on Monday as short covering emerged amid colder US weather forecasts, potentially boosting nat-gas heating demand," Barchart said.Weather-driven demand shifts were a key driver. NatGasWeather.com said models have moved cooler versus last week, adding more heating demand days while reducing cooling demand. The forecaster said the change leaves the outlook less bearish and closer to neutral or slightly bullish.On the demand side, residential and commercial consumption increased sharply to 15.2 billion cubic feet per day from 12.5 Bcf/d as cooler temperatures boosted heating needs. Power burn remained steady at 32.5 Bcf/d and is projected to average 30.3 Bcf/d for the week, up from 29 Bcf/d last week, Gelber & Associates said.Total US natural gas production was flat last week, averaging around 106.5 Bcf/d, NRG Energy said. Trading Economics said output fell by around 4.1 Bcf/d over the past 18 days to an 11-week low of 108.1 Bcf/d, as major producers such as EQT scaled back output in response to low prices.Both NRG Energy and Gelber said Canadian imports fell to 4.7-4.8 Bcf/d from 5.5 Bcf/d.On the export side, Barchart, citing BNEF data, said LNG flows were 19.5 Bcf/d, down 2.1% from last week's robust levels. Trading Economics put the April average feedgas flow at 18.9 Bcf/d so far and noted it was near record highs."Today saw cooler forecast revisions, softer production, and steady LNG demand, which offers limited support for prices. That said, overall fundamental balances are not tight enough to fully change the story," Gelber said Monday.