|Bid||0.4550 x 0|
|Ask||0.4700 x 0|
|Day's Range||0.4500 - 0.4700|
|52 Week Range||0.4200 - 1.0600|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.82|
Torstar Corporation Announces Completion of Merger of Defined Benefit Pension Plans into the CAAT Pension Plan
TORONTO , Oct. 30, 2019 /CNW/ - Torstar Corporation (TS-B.TO) today announced that in connection with a continuous disclosure review by staff of the Corporate Finance Branch of the Ontario Securities Commission, it has revised its approach with respect to its disclosure of certain non-IFRS financial measures in its Management's Discussion & Analysis ("MD&A"), including the segment presentation and discussion of joint ventures and its interest in VerticalScope Holdings Inc. ("VerticalScope"), in order to give greater prominence to IFRS financial measures. Torstar has also refiled its MD&A for the year ended December 31, 2018 (the "amended 2018 Annual MD&A") on www.sedar.com to reflect this revised approach. Torstar no longer presents its discussion and analysis of its operations on a basis which includes its proportionate interest in joint ventures and its 56% interest in VerticalScope.
TORONTO , Oct. 25, 2019 /CNW/ - Torstar Corporation announced today that The Financial Services Regulatory Authority of Ontario (FSRA) has issued Notices of Intended Decision for the merger of the eight Torstar defined benefit pension plans (the "Torstar Plans") into the Colleges of Applied Arts and Technology Pension Plan (the "CAAT Pension Plan"). After this 30-day waiting period, and once the final consent is obtained from FSRA, the final steps of the merger can be completed. It is anticipated that the transfer of assets from the Torstar Plans to the CAAT Pension Plan will be completed by the end of 2019, at which point the merger of the Torstar Plans into the CAAT Pension Plan will be completed.
TORONTO , May 24, 2019 /CNW/ - Torstar Corporation today announced it will close its Hamilton printing and mailroom operations at 44 Frid Street on or about August 24, 2019 . The printing work currently performed at the Hamilton facility will be transferred to TC Transcontinental Printing and other Torstar-owned facilities as well as other external printers. In connection with this decision Torstar has also extended its printing arrangements with TC Transcontinental Printing to 2024.