DOCSLIB.ORG

Supplemental-Q2-2013-Final.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Supplemental-Q2-2013-Final.Pdf Index Notice to Reader ………………..…………………………………………………………………………..……. 2 Conference Call Highlights …….………………………………………………………………………………... 3 Portfolio Highlights …..….………………………………………………………………………………………... 7 Distribution Reinvestment Plan ..………………………………………………………………………………... 8 Distribution History ………………………………………………………………………………………….. 8 Performance of Calloway Units ……………………………………………………………………………….… 9 Average Unit Trading Price ………………………………………………………………………………… 9 Average Daily Volume of Units Traded …………………………………………………………………… 9 Market Capitalization Summary …………………………………………………………………………… 9 Gross Revenue and Area by Province ……...……………...……………………………………………....… 10 Top 25 Tenants ……………………….……………………………………………………………………….… 11 Lease Expiration Schedule ………………………………….……………………………………………..….. 12 Area by Age ……………………………………..…………………………………………………………….… 13 Future Earnouts and Developments ………………………………………………………………………….. 14 Committed Earnouts and Developments ………...……………………………………………………… 14 Recourse Loans to Developers ……………….……………………………………………………………….. 15 Individual Property Summary ………………………………………………………………………………….. 16 General Information …………….………………………………………………………………………………. 24 c Calloway Real Estate Investment Trust June 2013 Supplemental Information Package 1 Notice to Reader Readers are cautioned that certain terms used in this Supplemental Information Package (“Supplement”) such as Funds from Operations ("FFO"), Adjusted Funds from Operations ("AFFO"), "Gross Book Value", "Payout Ratio", "Interest Coverage", "Total Debt to Adjusted EBITDA" and any related per Unit amounts used by management to measure, compare and explain the operating results and financial performance of the Trust do not have any standardized meaning prescribed under IFRS and, therefore, should not be construed as alternatives to net income or cash flow from operating activities calculated in accordance with IFRS. These terms are defined in this Supplement and reconciled to the consolidated financial statements of the Trust in the Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2013. Such terms do not have a standardized meaning prescribed by IFRS and may not be comparable to similarly titled measures presented by other publicly traded entities. Certain statements in this Supplement are "forward-looking statements" that reflect management's expectations regarding the Trust's future growth, results of operations, performance and business prospects and opportunities. More specifically, certain statements contained in this Supplement, including statements related to the Trust's maintenance of productive capacity, estimated future development plans and costs, view of term mortgage renewals including rates and upfinancing amounts, timing of future payments of obligations, intentions to secure additional financing and potential financing sources, and vacancy and leasing assumptions, and statements that contain words such as "could", "should", "can", "anticipate", "expect", "believe", "will", "may" and similar expressions and statements relating to matters that are not historical facts, constitute "forward-looking statements". These forward-looking statements are presented for the purpose of assisting the Trust's Unitholders and financial analysts in understanding the Trust's operating environment, and may not be appropriate for other purposes. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. However, such forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward- looking statements. Although the forward-looking statements contained in this Supplement are based on what management believes to be reasonable assumptions, the Trust cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. These forward- looking statements are made as at the date of this Supplement and the Trust assumes no obligation to update or revise them to reflect new events or circumstances unless otherwise required by applicable securities legislation. Calloway Real Estate Investment Trust June 2013 Supplemental Information Package 2 Conference Call Highlights Operations – for the quarter FFO/unit increased 3.6% for the quarter compared to the same period in 2012 Same property growth increased 0.6% Occupancy level at 99% Already renewed or in final stages of renewal on 83.8% of all lease maturities for 2013 with average face rents increase of 7.5%, which should remain relatively unchanged for year-end Tenant Activity Leasing interest and tenant activity remain healthy in Calloway’s portfolio Approximately 256,000 square feet of tenancies came on-stream collectively this quarter, including over 138,000 square feet (at Calloway’s 50% ownership interest) in Toronto Premium Outlets® Strong leasing interest in the Toronto Premium Outlets® have resulted in long term deals of almost 90% to date, with some shorter term tenancies meaning the centre will open virtually full Target: two stores opened in July 2013 (Oakville and Kitchener) We are continuing to manage through vacancies caused by Best Buy / Future Shop and Staples downsizing with good tenant interest and rent uplift opportunities Dollar store growth through Dollarama and Dollar Tree continues to absorb surplus space Overall, Calloway is pleased with tenant demand, but continues to monitor those tenants of markets where some rationalizing is taking place Calloway Real Estate Investment Trust June 2013 Supplemental Information Package 3 Conference Call Highlights Growth Earnouts and development of 256,000 square feet at a 7.2% yield for the quarter Premium Outlets Toronto - construction of 400,000 square feet largely completed - Grand Opening launched on August 1, 2013 Montreal - land purchased in December 2012 - construction commenced July 2013 - witnessing good leasing interest - scheduled to open Fall 2014 Vaughan Metropolitan Centre - KPMG rezoning and site plan submitted - contracts signed with construction manager and architects - agreements signed with TTC subway/bus terminal and cost allocation for pedestrian tunnel Future Opportunities - earnouts and developments – committed pipeline of 350,000 square feet at a yield of 8.4% - Westside Mall – mixed use rezoning potential resulting from Eglinton LRT/subway line in front of the centre on Calloway land - Hopedale Mall (rebranded as South Oakville Centre) renovations to coincide with Target opening - continuing to source other intensification opportunities in Calloway portfolio Acquisitions - acquired a 200,000 square foot Rona-anchored retail property in June 2013 in Regina adjacent to an existing Calloway property for $45.6 million - waived conditions on the acquisition of four Walmart-anchored centres, all located in the province of Ontario. One of the centres is a mixed use, retail/office complex located in Ottawa that Calloway expects to manage and co-own with a 50:50 third party joint venture partner. The other three are retail centres that will be acquired fully by Calloway. Anticipated closing is at the end of August for approximately $180.7 million, net of partner involvement. Calloway Real Estate Investment Trust June 2013 Supplemental Information Package 4 Conference Call Highlights Capital Activities Financed $117.3 million in five secured mortgages with an average term of 15.2 years and an average rate of 3.77% during the quarter Issued $150 million in unsecured debentures bearing interest at 3.985% Repaid $75 million of 7.95% Series D unsecured debentures Leverage at 41.5% of FMV Interest coverage maintained at 2.4X, net interest coverage (excluding capitalized interest) maintained at 2.7X Unencumbered asset pool at $1.0 billion, providing future flexibility Continuing to refinance mortgages as they mature at lower than outgoing rates Subsequent to quarter end, issued $150 million of unsecured debentures at 3.385% for four years and four months to fund acquisitions already noted Calloway Real Estate Investment Trust June 2013 Supplemental Information Package 5 Looking Beyond Vaughan Metropolitan Centre Vaughan Metropolitan Centre Westside Mall – Caledonia Station Toronto Premium Outlets (Grand Opening launched on August 1, 2013) Calloway Real Estate Investment Trust June 2013 Supplemental Information Package 6 Portfolio Highlights June 30, 2013 Number of properties 129 Number of Walmarts / Supercentres 77 / 57 Number of Walmarts / Supercentres (including shadows) 91 / 64 Gross leasable area (sq. ft.) 26,615,114 Total GLA in Walmart anchored centres (sq. ft.) 22,212,223 Future developable area (sq. ft.) 3,363,620 Occupancy 99.0% Average lease term to maturity 7.5 years Net rental rate (per occupied sq. ft.) $14.59 Net rental rate excluding anchors (per occupied sq. ft.) (1) $20.71 Total debt – Weighted average interest rate (2) 5.17% Term mortgages – Weighted average contractual interest rate (3) 5.41% Term mortgages – Weighted average maturity 5.6 years (in $000s, except for Units and per Unit amounts) Investment properties 6,522,604 Total assets 6,840,647 Debt 2,811,597 Debt to gross book value (4) 49.7% Interest coverage (5) 2.4X Equity (book value) 3,813,152 Units outstanding (6) 132,982,626 FFO excluding current income tax and one-time adjustment (diluted) (7) (8)
Load more

Recommended publications
  • 2011 BCE Annual Information Form
    Annual Information Form BCE Inc. For the year ended December 31, 2011 March 8, 2012 In this Annual Information Form, Bell Canada is, unless otherwise indicated, referred to as Bell, and comprises our Bell Wireline, Bell Wireless and Bell Media segments. Bell Aliant means, collectively, Bell Aliant Inc. and its subsidiaries. All dollar figures are in Canadian dollars, unless stated otherwise. The information in this Annual Information Form is as of March 8, 2012, unless stated otherwise, and except for information in documents incorporated by reference that have a different date. TABLE OF CONTENTS PARTS OF MANAGEMENT’S DISCUSSION & ANALYSIS AND FINANCIAL STATEMENTS ANNUAL INCORPORATED BY REFERENCE INFORMATION (REFERENCE TO PAGES OF THE BCE INC. FORM 2011 ANNUAL REPORT) Caution Regarding Forward-Looking Statements 2 32-34; 54-69 Corporate Structure 4 Incorporation and Registered Offices 4 Subsidiaries 4 Description of Our Business 5 General Summary 5 23-28; 32-36; 41-47 Strategic Imperatives 6 29-31 Our Competitive Strengths 6 Marketing and Distribution Channels 8 Our Networks 9 32-34; 54-69 Our Employees 12 Corporate Responsibility 13 Competitive Environment 15 54-57 Regulatory Environment 15 58-61 Intangible Properties 15 General Development of Our Business 17 Three-Year History (1) 17 Our Capital Structure 20 BCE Inc. Securities 20 112-114 Bell Canada Debt Securities 21 Ratings for BCE Inc. and Bell Canada Securities 21 Ratings for Bell Canada Debt Securities 22 Ratings for BCE Inc. Preferred Shares 22 Outlook 22 General Explanation 22 Explanation of Rating Categories Received for our Securities 24 Market for our Securities 24 Trading of our Securities 25 Our Dividend Policy 27 Our Directors and Executive Officers 28 Directors 28 Executive Officers 30 Directors’ and Executive Officers’ Share Ownership 30 Legal Proceedings 31 Lawsuits Instituted by BCE Inc.
    [Show full text]
  • All In: Staying the Course on Our Commitment to Sustainability
    All In: Staying the Course on Our Commitment to Sustainability Amazon Sustainability • June 2020 • sustainability.aboutamazon.co.uk Table of Contents Our World in 2020 3 About 5 Environment 16 People 47 Governance 68 Our World in 2020 WHILE THIS REPORT reflects our work throughout 2019, the world has clearly undergone a massive shift in 2020 with the emergence of COVID-19. We are, first and foremost, focused on the safety of our employees and contractors around the world. It is important that we help our customers through this difficult time, and Amazonians are working around the clock to get necessary supplies delivered directly to the doorsteps of people and organisations who need them. Our Whole Foods Market stores have remained open, providing fresh food and other vital goods for customers. AMAZON EMPLOYEES RECEIVE comprehensive health benefits starting on day one of employment. We are working on building scalable testing for coronavirus. We’ve distributed face masks and implemented temperature checks at sites around the world to help protect employees and support staff, and offer free masks to our Whole Foods Market customers. We regularly sanitise door handles, stairway handrails, lockers, lift buttons and touch screens, and disinfectant wipes and hand sanitiser are standard across our network. We have also introduced extensive social distancing measures to help protect our associates. In all, we have made over 150 significant process changes in our operations network and Whole Foods Market stores, which we audit frequently, to help teams stay healthy. DURING THIS CRISIS, we’ve added 175,000 new jobs to help meet customer demand for essential products.
    [Show full text]
  • Loblaw Companies Stores Where Colleagues/Employees Are Mandated to Wear Masks
    Loblaw Companies stores where colleagues/employees are mandated to wear masks Province Customers mandated to wear masks Effective December 9, the government of Alberta mandates the use of masks in all indoor public spaces. This includes all Alberta Loblaw stores in Alberta: Extra Foods, nofrills, Real Canadian Superstore, Real Canadian Liquorstore, Shoppers Drug Mart, T&T, Wholesale Club, Your Independent Grocer and Your Independent Liquorstore. Effective November 20, the government of British Columbia mandates the use of masks in all indoor public spaces. This British Columbia includes all Loblaw stores in British Columbia: City Market, Extra Foods, Joe Fresh, nofrills, Real Canadian Superstore, Shoppers Drug Mart, T&T, Wholesale Club and Your Independent Grocer. Effective November 12, the government of Manitoba mandates the use of masks in all indoor public spaces. This includes Manitoba all Loblaw stores in Manitoba: Extra Foods, nofrills, Real Canadian Superstore, Shoppers Drug Mart and Wholesale Club. Effective August 24, the government of Newfoundland mandates the use of masks in all indoor public spaces. This includes Newfoundland all Loblaw stores in Newfoundland: Dominion, nofrills, Shoppers Drug Mart, Your Independent Grocer and Wholesale Club. Effective October 9, the government of New Brunswick mandates the use of masks in all indoor public spaces. This New Brunswick includes all Loblaw stores in New Brunswick: Atlantic Superstore, nofrills, Shoppers Drug Mart, Your Independent Grocer and Wholesale Club. Effective July 31, the government of Nova Scotia mandates the use of masks in all indoor public spaces. This includes all Nova Scotia Loblaw stores in Nova Scotia: Atlantic Superstore, nofrills, Shoppers Drug Mart, Your Independent Grocer and Wholesale Club.
    [Show full text]
  • Firm Inventory Report ‐ July 2021
    Virginia Department of Agriculture and Consumer Services Food Safety Program ‐ Firm Inventory Report ‐ August 2021 Ret = Retail Food Establishment Mfg = Manufacturer Whse = Warehouse FM = Farmers Market Fi Firm Name Firm Address Locality Ret Mfg Whse FM r 6487 Church ST Chincoteague Island, # ALB Macarons Accomack County ‐ MFG ‐ ‐ VA 23336 # Alleluia Supermarket 24387 Lankford HWY Tasley, VA 23441 Accomack County RETAIL ‐ ‐ ‐ # Becca's Cakes & More 20161 Sunnyside DR Melfa, VA 23410 Accomack County ‐ MFG ‐ ‐ 29665 Burton Shore RD Locustville, VA # Big Otter Farm (home operation) Accomack County ‐ MFG ‐ ‐ 23404 4522 Chicken City RD Chincoteague # Black Narrows Brewing Co. Accomack County RETAIL MFG ‐ ‐ Island, VA 23336 # Bloxom Mini Mart 25641 Shoremain DR Bloxom, VA 23308 Accomack County RETAIL ‐ ‐ ‐ # Bloxom Vineyard 26130 Mason RD Bloxom, VA 23308 Accomack County ‐ MFG ‐ ‐ # Blue Crab Bay Co. 29368 Atlantic DR Melfa, VA 23410 Accomack County ‐ MFG ‐ ‐ 6213 Lankford HWY New Church, VA # Bonnie's Bounty Accomack County RETAIL ‐ ‐ ‐ 23415 6506 Maddox BLVD located inside # Candylicious Accomack County RETAIL ‐ ‐ ‐ Maria's Chincoteague Island, VA 23336 # Carey Wholesales 15383 Lankford HWY Bloxom, VA 23308 Accomack County ‐ ‐ WHSE ‐ # Cheers 25188 Lankford HWY Onley, VA 23418 Accomack County RETAIL ‐ ‐ ‐ # Chincoteague Farmers'Mark 4103 Main ST Chincoteague, VA 23336 Accomack County ‐ ‐ ‐ FRM_MKT # Chincoteague Fisheries Inc 4147 Main ST Chincoteague, VA 23336 Accomack County ‐ MFG ‐ ‐ 6060 Old Mill LN Chincoteague Island, # ChincoteagueMade
    [Show full text]
  • Download Full Paper · 1MB
    WHARTON REAL ESTATE REVIEW SPRING 2012 Creating a New Suburban Town Center WITOLD RYBCZYNSKI Tougher economic times, lack of consumer confidence, and rising energy prices are likely to curtail distant ex-urban development in the decades to come, and one of the challenges for real estate developers will be to infill and densify suburban areas. Altering zoning and raising densities in existing residential areas will not be easy, however, not only because of neighborhood opposition to change, but also because most housing in the last three decades has been built as part of planned communities. These communities are governed not by municipal regulations, which can (with difficulty) be changed, but by homeowner associations that have been created in order to make change almost impossible. Housing aside, there is also the problem of how to convert suburban commercial development, which has generally occurred in a piecemeal and uncoordinated fashion, into concentrated, walkable, attractive town centers. Despite the current fashion for lifestyle centers that mimic the Main Street environment of small towns, the suburban centers of the future will not necessarily resemble the downtowns of the past. What follows is an example of how out- of-the-box thinking—and a public-private partnership—produced an innovative solution to a complicated problem. The Deal More than three decades ago, recognizing that the growth of the city of Vancouver was constrained by its location on a peninsula, hemmed in by surrounding water and mountains, Metro Vancouver developed a regional plan—theLivable Region Plan—to direct urban growth into surrounding suburban municipalities. Most urbanization was expected to occur in the southeast, down the broad Fraser Valley.
    [Show full text]
  • Xm Kicks Off Satellite Radio Era in Canada with Launch of Service Today
    NEWS RELEASE XM KICKS OFF SATELLITE RADIO ERA IN CANADA WITH LAUNCH OF SERVICE TODAY 12/23/2005 EXCLUSIVE OFFER FOR XM CANADA FOUNDERS CLUB MEMBERS TO BUY SATELLITE RADIOS ON-LINE STARTING TODAY Washington D.C., November 23, 2005 -- XM Canada today announced the launch of Canada's first satellite radio service with an exclusive offer to its Founders Club members to purchase XM satellite radios and sign-up for service on-line starting today. "This is an historic day for consumer choice, for music lovers, hockey fans and for all Canadians, rural and urban," said Stephen Tapp president and COO, XM Canada. "XM Canada is on the air and signing up subscribers. To our thousands of supporters, XM Canada has delivered on its promise to be the first to bring Canada the greatest technological evolution in radio in the past 60 years." More than 4,500 Canadians pre-registered for XM over the last month by signing up to be members of XM Canada's Founders Club. Now, those dedicated fans will be the first to be able to purchase XM radios online and begin subscribing to the XM Canada service. They are the trailblazers who couldn't wait for XM's originally-produced programming, including 100 percent commercial-free music and the best in news, sports, news, talk and entertainment. In addition to being the first in Canada to sign up for satellite radio, the first 1,000 Founders Club members to order will receive the Delphi RoadyXT for only $79.99, a savings of more than 35% off MSRP.
    [Show full text]
  • ANNUAL REPORT 2020 Our Heroes Annual Report 2020 COMPANY PROFILE
    EMPIRE COMPANY LIMITED EMPIRE COMPANY ANNUAL REPORT 2020 ANNUAL REPORT Our Heroes Annual Report 2020 COMPANY PROFILE Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing and related real estate. With approximately $26.6 billion in annual sales and $14.6 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 127,000 people. Financial Highlights SALES ADJUSTED EBITDA(1) ADJUSTED NET EARNINGS(1)(2) DIVIDENDS ($ in billions) ($ in millions) ($ in millions) ($ per share) 5.5% 8.7% 7.7% 6.9% 10-year CAGR(3) 10-year CAGR 10-year CAGR 10-year CAGR 3.8% 33.4% 46.1% 5.4% 3-year CAGR 3-year CAGR 3-year CAGR 3-year CAGR 30 2,000 600 0.50 25 500 1, 600 0.40 20 400 1,200 0.30 15 300 800 0.20 10 200 400 0.10 5 100 0 0 0 0 2010 2017 2020 2010 2017 2020 2010 2017 2020 2010 2017 2020 52 weeks ended ($ in millions, except per share amounts) May 2, 2020 May 4, 2019 May 5, 2018 May 6, 2017 Sales $ 26,588.2 $ 25,142.0 $ 24,214.6 $ 23,806.2 Operating income 1,111.8 652.3 346.5 333.0 Adjusted operating income(1) 1,130.1 683.6 601.7 378.5 EBITDA(1) 1,892.4 1,069.5 785.7 777.2 Adjusted EBITDA(1) 1,892.4 1,076.2 1,014.7 796.9 Net earnings(2) 583.5 387.3 159.5 158.5 per share (fully diluted) 2.15 1.42 0.59 0.58 Adjusted net earnings(1)(2) 596.8 410.0 344.3 191.3 per share (fully diluted) 2.20 1.50 1.27 0.70 Book value per common share(1) 14.51 14.72 13.62 13.40 Dividends per share 0.48 0.44 0.42 0.41 (1) See “Non-GAAP Financial Measures & Financial Metrics” section of the Management’s Discussion and Analysis.
    [Show full text]
  • A&P Stores to Be Re-Branded
    THE FORESTER, Wednesday, February 11, 2009 A11 A&P stores to be re-branded BY BRENT COOPER HUNTSVILLE FORESTER Work to re-brand the Muskoka’s A&P grocery stores will be com- pleted later this month, according Day Care And Training For Your “Best Friend” to a company representative. Marie-Claude Bacon, director of corporate affairs for Metro Inc., the company that purchased A&P DOGGIE DAYCARE Canada in 2005 for $1.7 billion, $ 00 said that the redesign of the Hunts- Full Day .................................... 15 ville and Bracebridge A&P stores $ 00 into Metro stores, should be done Part Day ...................................... 9 by Feb. 27. The renovations have already commenced at the two Wednesday, Thursday, Friday. outlets. “A&P is a very well-known Call now to reserve a place for your dog. brand, and the decision (to convert) was taken with that in consid- Puppy Kindergarten Classes and eration,” said Bacon. “When we CHANGES ARE COMING: purchased the company in 2005, The Huntsville and Bracebridge A&P su- Basic Obedience Classes starting soon! we said that we would look into the permarkets are in the midst of a changeover to a new brand. Parent Learn basic commands, social skills numerous brands in Ontario’s con- company Metro Inc. plans to have the two stores remodelled as Metro and manners. ventional sector to possibly create grocery stores by the end of the month. one brand. This brand would be Behaviour modifi cation programs for a stronger one to communicate try experts, is to help build the assets under one brand was a logi- to our clients, so we decided to Metro name as the firm fights for cal step.
    [Show full text]
  • Extreme Couponing Mom's Canada Store Coupon Policies
    Extreme Couponing Mom’s Canada Store Coupon Policies Information in this document is subject to change without notice and does not represent a commitment on the part of Extreme Couponing Mom. Extreme Couponing Mom acknowledges all trademarks referred to and the rights of the trademarks owned by the companies referred to. A number of names appear in this document that are trademarks of the parties using such names and are the property of their respective owners. © 2011-2012 Extreme Couponing Mom. All rights reserved Printed in Canada July 2011, Revised August 2012 INTRODUCTION: This eBook is provided free courtesy of http://extremecouponingmom.ca Extremecouponingmom.ca is a money saving website where people can view my weekly sales & coupon match ups for stores across Canada. Each and every week I match up all of the hottest sales with valid coupons showing you how to get the most for your money. Along with posting the weekly sales you can also obtain all your coupons (mail order, insert dates and papers they come in as well as pintables’), sign up for great freebies/samples, enter contests (ours and others) and much more. Website: http://www.extremecouponingmom.ca Some of the weekly sales posted include: Atlantic Superstore Canadian Tire Co-op Atlantic Co-op West Extra Foods Familiprix Food Basics Foodland Fortinos FreshCo Giant Tiger Highland Farms IGA Independent Jean Coutu Lawtons Drugs Loblaws Ontario Loblaws Quebec Longos Maxi Metro Ontario Metro Quebec No Frills Atlantic No Frills Ontario No Frills West Price Chopper ON Provigo Real Canadian Superstore West Real Canadian Superstore Ontario Rexall/Pharmaplus Shoppers Drug Mart Sobeys Atlantic Sobeys Ontario Sobeys West Super C The Bargain Shop Thrifty Foods Uniprix Valu-Mart Walmart Zehrs Zellers Page 2 © 2011-2012 Extreme Couponing Mom.
    [Show full text]
  • Ken Green and A&P Part Ways
    - Advertisement - Ken Green and A&P part ways October 2, 2005 Continuing its restructuring and downsizing, the Great Atlantic & Pacific Tea Co. Inc., based in Montvale, NJ, ended its employment relationship with Ken Green, vice president of produce merchandising, as well as a number of other people at that level, on Monday, Sept. 26. Reached by The Produce News on Wednesday, Sept. 28, Mr. Green confirmed that he and A&P had "parted company on Monday after 40 years" with the firm. A&P declined to comment. Mr. Green said that he also was not at liberty to discuss the situation according to the terms of his severance agreement. The Produce News learned that numerous vice presidents of merchandising in charge of other departments were let go at the same time. Earlier in the month, A&P had announced another restructuring at the senior executive level. At that time, Bob Panasuk was replaced as senior vice president of merchandising by Stephen Slade. Mr. Panasuk had been the immediate boss of Mr. Green and the other vice presidents of merchandising who were let go on Sept. 28. A&P announced that move on Sept. 6, when Chief Executive Officer and President Eric Claus said of Mr. Panasuk, "We thank Bob for his contribution to A&P in the U.S. and Canada over the past 10 years, and wish him the best in his future endeavors. While Mr. Green would not comment on his specific situation, he said that it is common knowledge that A&P has downsized significantly in recent months.
    [Show full text]
  • BCE 2014 Annual Information Form
    Annual Information Form For the Year Ended December 31, 2014 10 0 Results speak volumes. MARCH 5, 2015 In this Annual Information Form, we, us, our and BCE mean, as the context may require, either BCE Inc. or, collectively, BCE Inc., its subsidiaries, joint arrangements and associates. Bell means our Bell Wireline, Bell Wireless and Bell Media segments on an aggregate basis. Bell Aliant means, as the context may require, until December 31, 2014, either Bell Aliant Inc. or, collectively, Bell Aliant Inc. and its subsidiaries and associates, or, after December 31, 2014, either Bell Aliant Regional Communications Inc. or, collectively, Bell Aliant Regional Communications Inc. and its subsidiaries and associates. Each section of BCE’s 2012, 2013 and 2014 management’s discussion and analysis of financial condition and results of operations (BCE 2012 MD&A, BCE 2013 MD&A and BCE 2014 MD&A, respectively) that is referred to in this Annual Information Form is incorporated by reference herein. The BCE 2012 MD&A, BCE 2013 MD&A and BCE 2014 MD&A have been filed with the Canadian provincial securities regulatory authorities (available at sedar.com) and with the U.S. Securities and Exchange Commission (available at sec.gov). They are also available on BCE’s website at BCE.ca. All dollar figures are in Canadian dollars, unless stated otherwise. The information in this Annual Information Form is as of March 5, 2015, unless stated otherwise, and except for information in documents incorporated by reference that have a different date. Trade-marks: The following are trade-marks referred to and used as such in this Annual Information Form that BCE Inc., its subsidiaries, joint arrangements, associates or other entities in which we hold an equity interest own or use under licence.
    [Show full text]
  • Popular Merchants That May Qualify for Scotia Momentum® VISA Infinite* Cash Back
    Popular Merchants ╪ that May Qualify for Scotia Momentum ® VISA Infinite* Cash Back 4% 4% 2% Grocery Stores & Supermarkets Service Stations & Automated Fuel Drug Stores And Pharmacies (Code 5411) Dispensers (Code 5912) (Codes 5541 & 5542) A & P 7 - Eleven Consumer Choice Pharmacy Asian Food Center Amco IDA Askew's Foods Canadian Tire Gas Bars Jean Coutu Atlantic Wholesalers Cango Lawtons Drugs Store Bidgoods Centex London Drugs Brunos Fine Foods Chevron Macquarries Drugs Ltd Buy Low Foods CO-OP Gas Bars Main Drug Mart Canada Safeway Couche Tard Medicine Shop Choices Market Crevier Murphy's Pharmacy Colemans Food Centre Drummond's Gas No Frills Drugs CO-OP Esso Peoples Drug Mart Cooper's Foods Fas Gas Pharma Plus Country Grocer Flying J Pharma Prix Dominion Fortino's Gas Bars Pharma Save Drugs Extra Foods Gale S Gas Bar Pharmx Rexall Fairway Market Gas Bar Rexall Drug Store Farm Boy Gasrite Shoppers Drug Mart Food Basics Husky Super Drug Mart Foodland Irving Oil The Medicine Shoppe Fortinos Loblaw Gas Bars Uniprix Grocery Gateway Macewen Valley Drug Mart Hannam Supermarket Mac's Gas Bar Highland Farms Mohawk IGA Mr. Gas Kin's Farm Market N. Atlantic Pet. Les Aliments M&M No Frills Gas Bar Loblaws Olco Loebs Petrocan Longo's Pioneer M & M Meat Shops Save On Foods Gas Bars Maxi Scholten's Metro Shell Michael - Angelo's Market Short Stop Gas Bars Moncion Grocers Sobey's Fast Fuel Needs Sunoco Nester's Market Sunys Overwaitea Food Super Save Gas Pete's Frootique Superstore Gas Bar Planet Organic Ultramar Powell's Supermarket Western Petroleum
    [Show full text]