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McDonald鈥檚 Corp. (MCD) 鈥� Insider Transaction: EVP & Global CMO Edith M. Flatley filed a Form 4 reporting an open-market sale (Code S) of 976 common shares on 08/01/2025 at $303.50 per share. Following the sale, Flatley directly owns 7,881.56 MCD shares.

The filing indicates a routine individual transaction; no derivative securities were involved and no Rule 10b5-1 trading plan was noted.

JPMorgan Chase & Co. has filed Amendment No. 1 to Schedule 13G disclosing its passive ownership in UL Solutions Inc. (ticker: ULS) as of 30 June 2025.

• Shares held: 2,828,260 Class A shares.
• Ownership: 4.5 % of the class, keeping the position below the 5 % threshold that would require a Schedule 13D.
• Control rights: Sole voting power over 2,676,769 shares and sole dispositive power over 2,819,848 shares; no shared voting or dispositive authority.
• Filer classification: Parent holding company (HC) under Rule 13d-1(b); the stake is held in the ordinary course with no intent to influence corporate control.
• Involved subsidiaries: J.P. Morgan Securities LLC, JPMorgan Chase Bank N.A., J.P. Morgan Trust Co. of Delaware, among others.

The filing signals continued institutional support for ULS while confirming that JPMorgan鈥檚 position remains non-controlling and purely investment-oriented.

EastGroup Properties (EGP) Q2-25 10-Q highlights: Rental revenues rose 11.5% YoY to $177.3 m and six-month revenues climbed 12.3% to $351.7 m. Net income for the quarter increased 14.5% to $63.3 m ($1.20 diluted EPS), while year-to-date EPS of $2.35 was essentially flat because the prior-year period included an $8.8 m property-sale gain. Same-property NOI advanced 5.9% YTD. New and renewal leases achieved +45.8% cash rent spreads, reflecting strong industrial demand.

The operating portfolio was 97.1% leased and 96.0% occupied at 30-Jun; only 4.6% of annualised base rent expires in 2H-25. Operating cash flow increased 15.6% to $277.1 m and funded $207.9 m of development, improvements and land purchases. Unsecured borrowings fell to $1.46 bn after repayment of a $50 m loan and refinancing of a $100 m term loan at an effective 4.97% rate; Moody鈥檚 affirmed the Baa2 rating and lifted the outlook to positive.

Equity issuance provided $148 m YTD and a further $117 m post-quarter, supporting an 18-project (3.7 m sq ft) development pipeline that is 16% pre-leased and budgeted at $531 m. Quarterly dividends of $1.40/sh were declared. Comprehensive income was trimmed by an $11.1 m unrealised loss on interest-rate swaps. Subsequent events include the $61.4 m purchase of two Raleigh distribution buildings (318 k sq ft) and an $8.5 m Orlando land acquisition (37 acres).

McDonald鈥檚 Corp. (MCD) 鈥� Form 4 insider transaction

Joseph M. Erlinger, President of McDonald鈥檚 USA, reported the sale of 939 common shares on 07/23/2025 at $299.49 per share, for proceeds of roughly $281 k. After the sale he directly owns 9,283.12 shares; no indirect or derivative transactions were disclosed.

The disposal equals about 10 % of his reported stake but is immaterial versus McDonald鈥檚 ~742 million shares outstanding, so market impact is expected to be limited. No other changes in beneficial ownership were noted.

McDonald's Corporation (MCD) 鈥� Form 4 Insider Transaction

Executive Vice President & Global CMO Edith Morgan Flatley reported the sale of 1,000 shares of McDonald鈥檚 common stock on 07/10/2025 at a price of $300 per share, totaling roughly $300,000 in gross proceeds. After the transaction, Flatley continues to hold 8,857.56 shares directly. The filing shows no activity in derivative securities and does not reference a Rule 10b5-1 trading plan. Given McDonald鈥檚 large share count and market capitalization, the sale is immaterial and appears to be a routine insider portfolio adjustment.

Toronto-Dominion Bank (TD) is offering US$500,000 of Autocallable Contingent Buffer Notes linked to Alphabet Inc. Class A shares (GOOGL). The product is issued under TD鈥檚 Senior Debt Securities, Series H programme and is documented by this June 30 2025 pricing supplement to the February 26 2025 base prospectus.

Structure & Key Economics

• Principal Amount: $10,000 per note (minimum investment one note).
• Tenor: ~2 years (Issue 3 Jul 2025 鈥� Maturity 1 Jul 2027), subject to one review date (9 Jul 2026).
• Automatic Call: If GOOGL closes 鈮� $173.54 (100 % of Initial Price) on the review date, TD redeems early for $11,535 (Principal + 15.35 % Call Premium).
• Payment at Maturity (if not called):
  • GOOGL 鈮� Initial Price 鈫� cash redemption of Principal plus the greater of 30.70 % (Digital Return) or actual upside.
  • GOOGL between 85 % and 100 % of Initial Price 鈫� full principal return only.
  • GOOGL < 85 % of Initial Price 鈫� physical delivery of 67.7925 GOOGL shares per note (worth $147.509 per share), exposing investors to uncapped downside beyond a 15 % buffer.
• Initial/Call Price: $173.54 (GOOGL close on 26 Jun 2025); Buffer Price: $147.509 (85 %).
• Estimated value on pricing date: $9,765 (97.65 % of face) versus $10,000 public offering price.
• Secondary trading: not listed; TD Securities (USA) LLC may make a market but is not obliged to do so.
• Distribution: 1.50 % underwriting discount ($150 per note). JP Morgan acts as placement agent and receives its fee from TD Securities.

Risk-Return Profile

• Investors receive no coupons and forgo GOOGL dividends until maturity or call.
• The 15 % buffer provides limited protection; losses beyond that level are amplified (鈮�1.1765 % loss per additional 1 % drop).
• Early redemption limits upside to 15.35 % if GOOGL is at or above the initial level after ~1 year (re-investment risk).
• The notes are senior unsecured obligations of TD; payment depends on TD鈥檚 creditworthiness.
• Liquidity is expected to be thin; secondary prices will reflect bid/ask spreads, dealer mark-ups, hedging costs and TD funding levels.

Investor Suitability 鈥� The notes target investors comfortable with single-stock exposure, willing to accept TD credit risk, limited liquidity, absence of income, and the possibility of receiving GOOGL shares instead of cash, in exchange for an enhanced contingent return.

The Bank of Nova Scotia (BNS) is offering $7.418 million of Partial Principal at Risk Securities linked to the S&P 500庐 Index, issued under its Senior Note Program, Series A. The six-year notes price on 30 Jun 2025, settle on 3 Jul 2025 and mature on 3 Jul 2031. Each $1,000 security:

• No coupon; investors forgo dividends on the underlying index.
• Upside: 100% participation in positive index performance, capped at a 64.89 % gain (maximum payment $1,648.90).
• Downside: 1-for-1 loss if the index is below its initial level, but losses are limited by a minimum payment of 95 % of principal ($950). Maximum loss is therefore 5 %.
• Initial index value: 6,204.95 (SPX close 30 Jun 2025); valuation date: 30 Jun 2031.
• Credit exposure: Senior unsecured, subject to BNS default risk; not CDIC/Fed-insured and not bail-inable.

The issue price equals par, but BNS鈥� estimated value is $949.50, reflecting selling commissions ($30) and a structuring fee ($5) paid to Morgan Stanley Wealth Management. The economic cost to investors is therefore ~5 % above the bank鈥檚 internal model value. Scotia Capital Inc. acts as calculation agent and market-maker but is not obliged to provide secondary liquidity; the notes are unlisted.

Investor profile: suitable only for investors who can hold to maturity, are comfortable with BNS credit risk, accept tax treatment as contingent payment debt instruments (CPDI) that generates annual OID income, and are willing to exchange potential unlimited equity upside and dividend income for a capped 64.89 % return and limited 5 % downside.

Key risks: credit risk of BNS, illiquidity, price may trade below par before maturity, complex U.S./Canadian tax rules, and the embedded fee spread between issue price and estimated value. The $7.4 million size is immaterial to BNS鈥� capital structure and earnings.