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MANILA, Philippines — The Philippines’ first Olivier and Tony Awards Best Actress winner, Lea Salonga, shared an encounter with “Harry Potter” star Daniel Radcliffe that helped her in her ongoing West End and Broadway projects.
PARIS, France — The United States held off France, 67-66, to win an unprecedented eighth successive women's Olympic basketball gold on Sunday and extend their run of victories at the tournament to 61 games.
Citicore Renewable Energy REIT [CREIT 2.89 ?0.7%; 44% avgVol] [link] declared a Q2/24 dividend of P0.049/share, payable on October 4 to shareholders of record as of September 10. The dividend maintains CREIT’s annualized yield of 6.78% based on the previous closing price. The total amount of the dividend is P321 million, which is 107% of the P300 million in distributable income that CREIT reported for the quarter. Relative to CREIT's IPO price, the dividend increased CREIT's total stock and dividend return to 33.53%, up from its pre-dividend total return of 31.61%. CREIT’s stock price is up 12.9% year-to-date. It has a TTM yield of 6.96%, and an estimated yield of 6.78%.MB BOTTOM-LINE: CREIT doesn’t always get the credit that it deserves for its stability and performance. PREIT’s odd performance aside (it’s up 11.8% since its December 2022 IPO), CREIT has been the top performer (+7.0%) in the REIT space since the onset of the inflationary plague that knee-capped even top-shelf REITs like AREIT (down 22.1%) and RCR (down 25.0%), and contributed to the declines in some of the bottom-shelf REITs like DDMPR (down 42.4%) and FILRT (down 58.2%). CREIT is immune to the POGO Problem (it doesn’t lease commercial office space), always has 100% occupancy, and has the best-developed asset injection ecosystem of anything on the market right now. Sure, something like AREIT has a deeper stable of potential injections, but nobody has a longer, more detailed plan than that which exists between CREIT and its parent, Citicore Renewable Energy [CREC 2.98 ?2.4%; 49% avgVol]. The pair have delivered multiple injections already, and (re)revealed their long-term roadmap through CREC’s prospectus. Does the distribution ratio look odd? You bet. But I’m working on an in-depth explainer with CREIT right now that I hope to publish in the coming days, so stay tuned!
MANILA, Philippines — The Philippine National Police (PNP) unveiled yesterday a new approach to the country’s anti-illegal drugs campaign, which will focus on dismantling drug supply chains rather than targeting street-level pushers and users.
PARIS, France — LeBron James said his third Olympic gold felt the best of them all as the NBA's all-time leading points scorer helped the United States beat France 98-87 in the final on Saturday (Sunday, Manila time).
MANILA, Philippines — Disgruntled over China's immediate "mischaracterization" of the deal it struck over Ayungin Shoal, Philippine officials now appear to be on a wait-and-see approach on whether their provisional arrangement with Beijing is enough to keep tensions from again flaring up.
MANILA, Philippines — The Court of Appeals has ordered to restore the certificate of incorporation of the company that runs news website Rappler and its owner, Rappler Holdings Corp., voiding a 2022 ruling by the Securities and Exchange Commission that declared the company was not 100% Filipino-owned.
FORMER Capiz governor Esteban Evan Contreras has failed to persuade the Sandiganbayan Fourth Divi-sion to lift the hold departure order (HDO) issued against him on March 15, 2024 in connection to a pending criminal charge.