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Spartan Fund Management Inc. and Capital Asset Lending Inc. Launch New Access Fund Targeted at Retail and Institutional Investors

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TORONTO, Sept. 30, 2024 /CNW/ – Spartan Fund Management (“Spartan”) has partnered with Capital Asset Lending Inc. (“CAL”), a leading private residential mortgage administrator based in the Greater Toronto Area (“GTA”), to launch a new fund that will give retail and institutional investors access to CAL’s actively managed portfolios of residential mortgages.

Capital Asset Income Fund (“CAIF”) provides exposure to the mortgages held by each of Mortgage Company of Canada Inc. (“MCOCI”) and First Mortgage LP (“FMLP”), which launched operations in 2013 and 2021 respectively. CAIF intends to invest substantially all of its assets in MCOCI and FMLP.

MCOCI is one of the largest private residential mortgage investment corporations (“MICs”) in Canada, with over $1 billion under administration comprised entirely of residential mortgages on single-family dwellings in Ontario. FMLP is a limited partnership that currently invests exclusively in first mortgages in Ontario but has the ability to lend in the Greater Vancouver Area (“GVA”) as well. Both MCOCI and FMLP are focused on borrowers who have the necessary credit score to qualify with a bank or trust company but do not meet federally mandated requirements for income.

“We are pleased to add CAIF to Spartan’s alternative investment line-up,” said Gary Ostoich, President of Spartan Fund Management. “Capital Asset Lending is one of the major players in this sector and we are excited to offer a residential mortgage fund to retail and institutional investors.”

“We are thrilled to be working with Spartan, one of Canada’s leading providers of alternative investment solutions, to bring this new vehicle to market,” said Raj Babber, CEO of Capital Asset Lending Inc.

Availability

CAIF is available in Class A, Class F, and Class I Units to accredited investors or otherwise qualified purchasers. Interested purchasers are advised to read CAIF’s offering memorandum and consult with their investment advisor. This content is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy any security.

About Spartan Fund Management Inc.

Spartan, established in 2006, is a Toronto-based investment management company that specializes in providing, through pooled funds, a broad selection of alternative investment solutions that meet a variety of investment needs. Spartan believes that alternative investment strategies can provide better risk-return opportunities for investors than do conventional strategies. Spartan also believes that niche, non-conventional investment strategies tend to outperform more traditional strategies and/or add needed diversification. Spartan’s clients primarily consist of high-net-worth individuals and family offices who access Spartan’s funds directly or through registered advisors. Spartan currently manages in excess of $1.8 billion in client assets.

To learn more about Spartan, please visit www.spartanfunds.ca.

About Capital Asset Lending Inc. (“CAL”)

CAL is a licensed mortgage administrator incorporated under the laws of Ontario in February 2009. Guided by a common-sense approach to lending, CAL provides mortgage origination, underwriting, and administration services to MCOCI and FMLP.

MCOCI is a mortgage investment corporation incorporated in August 2013. MCOCI invests in single-family mortgages located primarily in the GTA. MCOCI’s independent board members are James Garcelon [President and Chief Compliance Officer at Forstrong Global Asset Management], Brian Johnston [Former Chief Executive Officer of CreateTO], and Tammy Oldenburg [Former Chief Financial Officer of Credit Suisse Canada], and its strategic advisor is Daniel Drimmer [Founder, President, and Chief Executive Officer of Starlight Investments].

FMLP is an Ontario limited partnership formed in March 2021. FMLP invests exclusively in first mortgages on single-family homes, including high-rise condos, to super prime borrowers in urban areas, primarily the GTA. FMLP’s general partner’s independent board members are Chris Taves [Special Advisor to BMO Capital Markets CEO and Executive Committee], Neha Verma [Canadian Head, Client and Capital Formation at TPG], and Tim Wilson [Chief Financial Officer of Peoples Group], and its strategic advisor is Daniel Drimmer [Founder, President, and Chief Executive Officer of Starlight Investments].

For further information on MCOCI or FMLP, please visit www.capitalassetlending.com

SOURCE Capital Asset Lending Inc.

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3M announces collaboration with GSEO to advance Expanded Beam Optical manufacturing and development

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ST. PAUL, Minn., Oct. 19, 2026 /PRNewswire/ — 3M (NYSE: MMM) today announced a collaboration with Genius Electronic Optical Co., Ltd. (GSEO, Taiwan: 3406), an optical technology company, to advance technology development and manufacturing for 3M’s Expanded Beam Optical (EBO) solutions. In support of these efforts, 3M expects to make a strategic investment to acquire approximately 4.7% of GSEO’s common shares as part of the company’s private placement of newly issued shares, subject to customary closing conditions.

The collaboration brings together 3M’s EBO technology leadership, optical interconnect expertise, materials science, manufacturing scale and customer relationships with GSEO’s precision optics manufacturing capabilities and production scale. Together, the companies aim to support EBO commercialization and long-term capacity expansion to meet growing demand from hyperscale data centers and other advanced connectivity applications.

“3M is investing in capabilities and partnerships that can accelerate innovation for our customers,” said William Brown, 3M Chairman and CEO. “By selecting GSEO as a manufacturing partner and investing in the company, we are strengthening the path to scale next-generation optical connectivity solutions for high-performance data center infrastructure.”

GSEO’s existing precision optics manufacturing capabilities and technical development experience are expected to support manufacturing readiness for 3M’s EBO ferrules, co-packaged optics solutions and related optical interconnect applications. The collaboration is part of 3M’s broader EBO ecosystem strategy, which includes continued work with customers and partners across the optical interconnect market.

“GSEO is pleased to expand its relationship with 3M as we work together to advance optical interconnect solutions for next-generation data center infrastructure,” said Micro Kuo, GSEO CEO and President. “This collaboration brings together complementary technology and manufacturing strengths to support continued innovation and help meet the performance demands of high-growth connectivity markets.”

3M expects the strategic investment to close in the fourth quarter of 2026, subject to customary closing conditions.

Forward-Looking Statements
Certain statements in this release are considered “forward-looking statements” under the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, and are intended to enjoy the protection of those laws. Forward-looking statements may appear throughout this release and are typically identified by the words “aim,” “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “evaluate,” “expect,” “forecast,” “future,” “goal,” “guidance,” “impact,” “initial,” “intend,” “likely,” “may,” “outlook,” “plan,” “possible,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “would,” and other words that are similar to, or have the opposite meanings of, those words. Forward-looking statements speak only as of the date they are made, 3M assumes no duty to update those statements, and readers are cautioned not to place undue reliance on any of those statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties, including those described in Part I, Item 1A, “Risk Factors” of 3M’s Form 10-K for the year ended December 31, 2025.

About 3M
3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

Contacts
3M
Investor Contact:
Diane Farrow, 612-202-2449
Media Contact:
3MNews@mmm.com 

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SOURCE 3M Company

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Scott Vicknair Personal Injury Lawyers Announces Second Annual Operation Fur-Ever Home Pet Adoption Event at Lafreniere Park

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NEW ORLEANS, Oct. 19, 2026 /PRNewswire/ — Scott Vicknair Personal Injury Lawyers is excited to announce the return of its second annual Operation Fur-Ever Home, a free community pet adoption event taking place on Saturday, November 14, 2026, from 9:00 a.m. to 11:00 a.m. at Lafreniere Park in Metairie, Louisiana.

The free, family-friendly event will give attendees the opportunity to meet adoptable pets from local animal shelters, learn about responsible pet ownership, and potentially welcome a new furry companion into their homes. Those who preregister for the event will also be entered for a chance to win a Soundcore speaker and a free pet adoption.

“Last year’s event was everything we hoped it would be, and we are incredibly excited to bring Operation Fur-Ever Home back for a second year,” said David Vicknair, founding partner of Scott Vicknair Personal Injury Lawyers. “There is something special about watching a family meet a pet that could become part of their lives for years to come. We wanted to create another opportunity to make those connections while supporting the organizations that work tirelessly to care for animals in our community.”

Building on the success of the first event, this year’s event continues the firm’s commitment to supporting local animal shelters and creating meaningful opportunities for families throughout Southeast Louisiana.

“Giving back to our community has always been an important part of who we are as a firm,” said Vicknair. “Whether we are helping students prepare for school, recognizing deserving teachers, or supporting local animal shelters, our goal is to make a positive difference in the communities we serve.”

Operation Fur-Ever Home is free and open to the public. Families, animal lovers, and anyone interested in adopting a pet are encouraged to attend and preregister.

About Scott Vicknair Personal Injury Lawyers

Scott Vicknair Personal Injury Lawyers is a New Orleans-based personal injury firm committed to providing exceptional legal representation while also investing in the communities it serves. Their experienced team of dedicated attorneys specializes in car accidents, personal injury, and wrongful death cases in New Orleans. With diverse personal and professional backgrounds, they craft legal strategies tailored to each client’s specific case and needs.

View original content:https://www.prnewswire.com/news-releases/scott-vicknair-personal-injury-lawyers-announces-second-annual-operation-fur-ever-home-pet-adoption-event-at-lafreniere-park-302913183.html

SOURCE Scott Vicknair Personal Injury Lawyers

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Can we produce low-cost omega-3s without relying on fish?

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GOLD COAST, Australia, Oct. 19, 2026 /PRNewswire/ — Southern Cross University researchers are aiming to halve the cost of producing omega-3 supplements to make these essential nutrients more accessible to pregnant women and infants in low-income countries, backed by the University’s first-ever grant from The Gates Foundation.

The research takes a novel approach: rather than relying on fish oil, the team is going closer to the original source of omega-3. Fish don’t produce omega-3 themselves – they accumulate it from marine microorganisms lower in the food chain.

Led by Professor Dirk Erler from Southern Cross University’s Faculty of Science and Engineering, the team is investigating how these naturally omega-3-producing microorganisms can be grown more cheaply through precision fermentation, including the use of agricultural and food-processing by-products as a source of fermentation sugar.

Omega-3 is an important nutrient during pregnancy and early life, supporting brain and nervous system development in babies. But the cost of supplements remains a significant barrier to access in many low-income countries.

“The main barrier for the uptake of omega-3s as supplements in pregnant women is the cost,” Professor Erler said.

“The whole objective of our project is to reduce that cost and make omega-3 supplements more available.”

The research team at Southern Cross University, which includes biomedical scientist Dr Nedeljka Rosic, Dr Shane McIntosh, postdoctoral researcher Dr Jasmine Haskell and PhD researcher Michael Ingram, is focused on growing omega-3-producing marine microorganisms known as thraustochytrids – or ‘throstys’ for short.

“By growing those microorganisms on land through precision fermentation, we have an alternative way of producing omega-3s that is both reliable and highly targeted,” Professor Erler said.

Precision fermentation allows the researchers to grow thraustochytrids under controlled conditions to produce omega-3 oils. The team is investigating whether expensive feedstocks used in the process can be replaced with lower-cost agricultural and food-processing by-products, helping drive down the overall cost of production.

The approach could also reduce reliance on wild-caught fish as a source of omega-3 oil and create a more reliable, scalable, and local supply.

For biomedical scientist Dr Nedeljka Rosic, the production challenge is ultimately about what greater access to omega-3 could mean for women and babies.

“As a biomedical scientist, my purpose is to find ways to use science to improve people’s health,” Dr Rosic said.

“This project is important because it aims to improve the health of pregnant women and children and reduce preterm births through simple dietary improvements.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/can-we-produce-low-cost-omega-3s-without-relying-on-fish-302893631.html

SOURCE Southern Cross University

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