NOVATO, Calif. , Nov. 25, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA ) today announced that, effective December 18, 2024, it will transfer the stock exchange listing for the Hennessy Stance ESG ETF (the "Stance ETF") from NYSE Arca, Inc. to The Nasdaq Stock Market LLC ("Nasdaq"). Hennessy Advisors, Inc. is the investment advisor for the Stance ETF, which is a series of Hennessy Funds Trust (the "Trust"). The Board of Trustees of the Trust approved the transfer at a meeting held on September 25, 2024. The Stance ETF expects to begin trading as a Nasdaq-listed company on December 18, 2024, and its shares will continue to trade under the symbol "STNC." "The transfer to Nasdaq is designed to facilitate the continued listing of the Stance ETF's shares on a national securities exchange at a lower annual expense," said Neil Hennessy , Chairman and CEO of Hennessy Advisors, Inc. About Hennessy Advisors, Inc . Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy and hold philosophy that rejects the idea of market timing. Additional Information Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Forward‐Looking Statements This press release contains forward-looking statements, which do not relate strictly to historical or current facts. Forward-looking statements are beyond the ability of Hennessy Advisors, Inc. to control and, in many cases, Hennessy Advisors, Inc. cannot predict what factors would cause actual results to differ materially from those indicated by forward-looking statements. As a result, no assurance can be given as to future results, levels of activity, performance, or achievements, and Hennessy Advisors, Inc. assumes no responsibility for the accuracy and completeness of any forward-looking statements. SOURCE Hennessy Advisors, Inc.Scrim, a 17-pound mutt that's mostly terrier, has become a folk hero, inspiring tattoos, T-shirts and even a ballad as he eludes capture from the posse of volunteers. And like any antihero, Scrim has a backstory: Rescued from semi-feral life at a trailer park and adopted from a shelter, the dog broke loose in April and scurried around the city until he was cornered in October and brought to a new home. Weeks later, he'd had enough. Scrim leaped out of a second-story window, a desperate act recorded in a now-viral video. Since then, despite a stream of daily sightings, he's roamed free. The dog’s fans include Myra and Steve Foster, who wrote “Ode to Scrim” to the tune of Ricky Nelson’s 1961 hit, “I’m a Travelin’ Man.” 'I'm a travelin' dog and I've made a lot of stops/All over this town...' Leading the recapture effort is Michelle Cheramie, a 55-year-old former information technology professional. She lost everything — home, car, possessions — in Hurricane Katrina in 2005, and in the aftermath, found her calling rescuing pets. “I was like, ‘This is what I should be doing,’” Cheramie said. “I was born to rescue.” She launched Zeus’ Rescues, a nonprofit shelter that now averages 600 cat and dog adoptions a year and offers free pet food to anyone who needs it. She helped Scrim find the home he first escaped from. It was Cheramie's window Scrim leaped from in November. She's resumed her relentless mission since then, posting flyers on telephone poles and logging social media updates on his reported whereabouts. She's invested thousands of dollars on wildlife cameras, thermal sensors and other gear. She took a course offered by the San Diego Zoo on the finer points of tranquilizing animals. And she's developed a network of volunteers — the kind of neighbors who are willing to grid-search a city at 3 a.m. '...And at every stop I own the heart, of at least one lovely...' People like writer David W. Brown, who manages a crowd-sourced Google Map of all known Scrim sightings. He says the search galvanized residents from all walks of life to come together. As they search for Scrim, they hand out supplies to people in need. “Being a member of the community is seeing problems and doing what you can to make life a little better for the people around here and the animals around you,” Brown said. Neighbor Tammy Murray had to close her furniture store and lost her father to Parkinson's disease. This search, she says, got her mojo back. “Literally, for months, I’ve done nothing but hunt this dog,” said Murray, 53. “I feel like Wile E. Coyote on a daily basis with him.” Murray drives the Zeus' Rescues van toward reported Scrim sightings. She also handles a tactical net launcher, which looks like an oversized flashlight and once misfired, shattering the van's window as Scrim sped away. After realizing Scrim came to recognize the sound of the van's diesel engine, Murray switched to a Vespa scooter for stealth. '...If you're ever in the 9th Ward stop and see/My cute little mini poodle...' Near-misses have been tantalizing. The search party spotted Scrim napping beneath an elevated house, and wrapped construction netting around the perimeter, but an over-eager volunteer broke ranks and dashed forward, leaving an opening Scrim slipped through. Scrim's repeated escapades prompted near-daily local media coverage and a devoted online following. Cheramie can relate. “We’re all running from something or to something," she said. "He's doing that, too.” Cheramie's team dreams of placing the pooch in a safe and loving environment. But a social media chorus growing under the hashtag #FreeScrim has other ideas — they say the runaway should be allowed a life of self-determination. The animal rescue volunteers consider that misguided. “The streets of New Orleans are not the place for a dog to be free,” Cheramie said. “It’s too dangerous.” '...and my Shar-Pei doll down in old Treme/Waits for my return...' Scrim was a mess when Cheramie briefly recaptured him in October, with matted fur, missing teeth and a tattered ear. His trembling body was scraped and bruised, and punctured by projectiles. A vet removed one, but decided against operating to take out a possible bullet. The dog initially appeared content indoors, sitting in Cheramie's lap or napping beside her bed. Then while she was out one day, Scrim chewed through a mesh screen, dropped 13 feet to the ground and squeezed through a gap in the fence, trotting away. Murray said Cheramie's four cats probably spooked him. Cheramie thinks they may have gotten territorial. Devastated but undeterred, the pair is reassessing where Scrim might fit best — maybe a secure animal sanctuary with big outdoor spaces where other dogs can keep him company. Somewhere, Murray says, “where he can just breathe and be.”Trinity's Owen Schlager, right, shoots for two points over Columbia's Arthur Poindexter during the first quarter of the District 3 Class 3A championship game at the Giant Center. The two-time defending All-Sentinel Player of the Year, Schlager sets sail on a senior season rife with potential. The Siena College commit steered the Shamrocks to a 2023-24 Mid-Penn Capital title and a District 3 Class 3A runner-up result and was awarded a 3A All-State first team nod. Schlager paced Trinity in several statistical categories, including points per game (23.7), rebounds (6.6), assists (2.7) and steals (1.7), and recorded his 1,000th career point. Get local news delivered to your inbox!

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President Dr. Irfaan Ali and Minister of Health Dr. Frank Anthony today turned the sod for the construction of the $4.4 billion Moruca Regional Hospital in Region One (Barima-Waini). The world-class facility, set to be located at Three Miles, is expected to revolutionise access to healthcare for over 30,000 residents from the region and parts of Region Two (Pomeroon-Supenaam). The hospital, funded through a US$97 million Inter-American Development Bank (IDB) loan aimed at strengthening Guyana’s healthcare systems, will feature state-of-the-art facilities, including 45 in-patient beds, a maternity and pediatric unit, dialysis services, laboratory capabilities, CT scans, and ultrasound services. The project is scheduled to be completed within 24 months and will be executed by the Chinese firm PCI-Sinopharm International Consortium. Speaking at the event, President Ali highlighted the transformative impact the hospital will have on the community. “This new hospital will have two fully functional operating theatre here in Moruca so all your surgical requirement will be done right here in this hospital. You will have a modern ER equivalent to any hospital we are building anywhere in this country. You will have digital x-ray you done have to carry around x-rays in that white envelope no more... We are also going to build at this facility 75 apartments for residents, doctors and nurses who will work in the hospital,” he said. The Moruca Regional Hospital is also expected to address the healthcare disparities faced by hinterland and riverine communities, which form the majority of the nursing programme’s intake, with over 60 percent of new nurses hailing from these areas. President Ali reaffirmed the government’s commitment to empowering these communities through access to education, healthcare, and economic opportunities. “Today, the largest segment of the population in the nursing programme are our young Amerindian people. More than 60 percent, more than 60 percent of the total intake of all the nurses are from the hinterland and riverine community.” “This morning, we gather not just to turn sod, but to turn a new page of Moruca. A page that tells the story of transformation, empowerment and partnership. When I look at all of you, farmers, teachers, entrepreneurs, young people and elders, I do not just see a community. I see a family, a strong, united family. And like my good family, we must work together if we are to grow and thrive. You see, development is not something the government does for you. It is something we do with you. It is a partnership. It is a collective. It is working together. Onward, upward may we ever go,” he added.None

Analysis-Gaetz exit puts spotlight on other Trump nominees accused of sexual misconduct

A Zionist group claims to be using facial recognition software to create a list of international students attending pro-Palestine rallies and protests so that they can be deported once Donald Trump takes office. Betar said they have identified at least 30 students at universities across the United States by combing through videos from protests and using facial recognition software and "relationship database technology," as reported by the New York Post . Ross Glick, director of the US chapter of Betar, told the outlet that the list allegedly contains the names of "Jew-hating foreign nationals on visas who support Hamas." During the Republican National Convention earlier this year, Trump and other party members listed in their platform that they would "deport pro-Hamas radicals and make our college campuses safe and patriotic again" if elected, as previously reported by NBC News . Suspensions for academic or disciplinary reasons can be grounds for dismissal, which can lead to students' visas being revoked, as previously reported by Inside Higher Ed . However, even if the alleged list is released, immigration attorney Jeff Khurgel said it could take months or even years before they could be deported. "They're entitled to due process, they're entitled to a hearing before a judge and they'll have a chance to defend themselves," Khurgel told Inside Higher Ed, adding that these kinds of deportations are rare. The First Amendment protects the right to protest so long as the individuals are not breaking the law. Many civil rights organizations have stated that the pro-Palestine protests in question have not been supporting Hamas, but instead the Palestinian people, and have been largely peaceful, as reported by NBC News. Originally published by Latin Times .President Anura Kumara Dissanayake, AKD in short, in his address to Parliament on 21 November 2024, announced two strategies to make Sri Lanka a thriving nation and a beautiful country under the rule of his political alliance1. One is immediate, picking the low hanging fruits in common parlance, and the other is medium to long-term that will create a turning point in the economy. This requires investment of funds for providing working capital to maintain the existing level of output, known commonly as GDP, and for investment capital for expanding the size of the economy. The necessary funds for investment should be provided by domestic savings generated by the Government and the people by consuming less than the income. If there is a paucity of such savings, funds should be acquired from external sources – use of the savings made by foreigners – by way of grants, direct investments, investment in the share market or Government securities or loans from friendly countries or commercial markets. This last source is not immediately available to Sri Lanka since it will take time for the country to create conditions conducive for attracting such funds. Hence, the major emphasis should be placed in the current period on domestic savings. Financial institutions will supply domestically generated funds by mobilising savings from the public and making the same available to prospective fund users by way of loans. They will also expand their supply base by creating multiple deposits and credit using the reserve money being supplied by the Central Bank. Hence, the main responsibility for funding the economy rests on financial institutions. According to the financial results released by commercial banks for the first nine months, they have made after tax thumping profits. While there is no objection to their making profits – because they are profit making institutions – they should also help the economy to come out of the present low growth scenario. The economy has just come out of a prolonged recession2 till the second quarter of 20233. The period ahead is also not promising since the average annual economic growth is projected to be at around 3% during 2024 to 2026,4 much lower than the average annual growth rate of 4.5% maintained by the country in the post-independence period.5 Any major internal or external economic shock disrupting economic activities could push this positive low growth to the negative region making matters more complicated for banks as well as for people. In this background, banks are expected to adopt conservative strategies to protect their balance sheets and consequentially, the funds supplied by depositors. To attain this goal, they should be selective in lending, shun borrowers devoid of potential to repay, increase interest rates to mitigate the risks and uncertainties, and consolidate existing good borrowers to keep the non-performing loan portfolios at a level that will not dent the net worth. The country is presently going through a deflationary situation with the inflation rate moving to the negative region at 2.1%% by end November 20246. This is an underperformance in relation to the flexible inflation target of the Central Bank under which the annual inflation should be maintained at least at 3% per annum. Hence, the central bank has space to cut the interest rates further and expand the credit levels. Commercial banks and other financial institutions should align themselves to this new development. For that, they should come up with innovative loan products to help the borrowers. This is a conflicting choice because attaining one goal will necessarily mean sacrificing the other. Following either goal exclusively is disastrous for banks as well as for the national economy. If banks end up with toxic balance sheets due to following the national goal of expanding inclusive lending, the stressed financial system will be a burden to the taxpayers. This is because, in terms of the new Central Bank Act, it is the responsibility of the Government to bailout problem financial institutions by providing solvency financing, known as long-term capital, to them. For that purpose, the Central Bank’s money printing power cannot be used except for liquidity financing in the form of short-term funds which is only supplementary to the major bailout packages being offered.7 Hence, the full burden of rescuing a sick financial system devolves on the taxpayers who are also stressed by the high levels of taxes they must pay as individuals. With the limited capacity within the Treasury, it is unlikely that the Government could provide the needed funding for rescuing a sickened financial system. But if banks follow an exclusive strategy of protecting their balance sheets, the timeline of the needed economic recovery will be shifted to the future making it difficult for banks to prosper in a slow-recovering economic system. Banks being creators of financial assets can prosper in the long run only if the real economic activities are doing well. If the real economy does not perform well, assets of banks which are solid in good times will start melting down leading to a severely disastrous financial crisis in the long run. This was the main cause of the global financial crisis of 2007-9 in which aggressive housing loans of US banks granted without due diligence became non-performing due to the slowdown of economic activities.8 Hence, in a recession-hit economy, the job of a banker is like that of an acrobat walking on a tight rope. In the circumstances, how should the banks strike a compromising balance between these two conflicting objectives? They cannot go against the national policy individually or as a system jointly. Any quick recovery will benefit them more than any other economic agent within the system. Hence, it is in the interest of the banks to help the government achieve a quick economic recovery and banks can do so by expanding the lending base. But this does not mean that banks should relax their loan assessment criteria to accommodate the increased demand for loans which may have failed to pass the test of prudence in terms of viability or purpose. Viability will ensure that the borrowers have the potential to service the loans as agreed. The purpose will ensure that they will make the highest contribution to the national product so that they will help the economy to attain a quick recovery. Complying with both requirements will help banks as well as the national economy since both are connected to each other like the bark to the trunk of a tree. Hence, banks should make a fair number of internal adjustments to gain capability for playing the game safely. These adjustments are strenuous, and pain-stricken but necessary if both the national economy and the individual banks are to succeed in a low-performing economy. The following, while not being exhaustive, are some of those adjustments that should be made forthwith. Capacity development of the staff by retraining them to assess the loan applications of the stressed-out borrowers: In a recession-hit economy, like the bankers, the borrowers are also stressed-out due to the struggle which now they must make first to survive and then to succeed in a secured livelihood. Hence, any loan being granted is a measure to take that stress out of him. That requires a banker to extend a supportive hand to the borrower. If he does not do so, the prospective borrowers will be driven to the informal money lenders who will supply the needed funds more conveniently but at rates and under conditions that will not help them to sustain their businesses. Informal money lenders deliver loan funds within hours of agreeing to the borrowing arrangements.9 It is a convenience to the borrowers. However, the borrower should pay interest at about 10% per month and repay the full amount within 100 days in which instalments are recovered daily.10 It is this last condition which puts the borrower in a tight jacket because it is unlikely that he will be able to earn enough liquid cash daily to service the loan. Consequently, many borrowers have been driven to eternal indebtedness from which they can never escape. Therefore, the supportive hand which a banker should extend to a stressed-out borrower should necessarily involve a loan product that is delivered conveniently, on one hand, and helps the borrower resuscitate his business and make a positive contribution to the growth of both the lender and the national economy, on the other. This also requires the banks to change their lending policy. Building a risk reserve to accommodate failing loans: Lending by adopting a relaxed loan assessment strategy to help the stressed-out borrowers is a risky affair. Many loans can become non-performing because the economic environment faced by these borrowers may suddenly change due to unfriendly man-made as well as natural external shocks. Of the man-made shocks, the change in the government policy to the disadvantage of the borrower concerned is prominent. For instance, the Government which is bent on raising its revenue base irrespective of its adverse impact on the recovery or the sustenance of the economy may impose new taxes that will completely derail the business line of the borrower concerned. For instance, take the case of a borrower who is in the handloom fabric weaving business. If a new value added tax is imposed on the locally made fabric, the borrower concerned is unable to sell his product in the market according to his previous sales projections. If his cash flow is disrupted due to the declined sales, he is unable to service his loan. Similarly, external economic shocks may also disrupt his cash flow projections. If the borrower’s project fails due to these factors beyond his control, the loan can become non-performing. To cover the risks arising from such non-deliberate loan defaults, there should be a risk covering reserve funds within the bank. This is in addition to the provisions made under Basel accords.11 This fund can be established by transferring a portion of the profits of a bank. If a bank follows this policy, it need not depend on the Government’s support to prevent its balance sheet from becoming toxic. Effective supervision of loans granted to stressed-out borrowers: Loans can become non-performing when the project for which the bank has granted a loan is not effectively supervised by the banker. This happens specifically in the case of micro and small and medium enterprise loans. This MSME sector is the backbone of the economy since it is responsible for more than a half of the total employment and the output in the economy.12 Close supervision by the banker will allow him to identify in advance the problems brewing in a business of a borrower and take effective preventive action to avoid loan losses. Introducing a venture capital type financing for start-up businesses:13 In an economy which is recovering from recession, the new entrants to business will provide an additional impetus to its recovery process. The way to accommodate such start-ups is through venture capital financing, in which the banker and the start-up entrepreneur get together to make the business dream of the borrower a reality. The technical knowhow and the business acumen are possessed by the prospective new entrepreneur. The banker supports him by providing the necessary capital and managerial cum business wisdom to him. In this case, the banker is not a lender, but a part owner. If the business fails, the bank is also required to assume losses. Because of this risk factor, the banker has all the reasons to effectively participate in the management of the business. But to do so, the bank’s staff should be retrained to provide the necessary managerial inputs to a start-up business. It is also necessary that the bank should employ workers with multiple disciplines, like finance, management, science, technology, or engineering. They should be provided with tailor-made training to make them effective participants in a business venture. In summary, the role of a banker in a recession-hit economy is different from his role in a well performing economy. He is required to protect his balance sheet from becoming toxic because he has the prime responsibility to protect the funds of the depositors. But at the same time, he cannot ignore the role that he should play in helping the economy to attain a quick economic recovery. Such a recovery is essential for him to succeed in the long run as a banker. The asset base of a banker is solid if the economy is solid. If the economy does not perform well or below its potential, the asset base will begin to melt down, forcing him to close doors. Such an eventuality can be avoided if the banker adopts strategies to make a difficult but necessary internal adjustment. This is like walking on a tight rope balancing the conflicting personal interests and the needs of the national economy. It is those banks which can strike the right balance that will succeed in a recession-hit economy. 1 An English translation is available at: https://pmd.gov.lk/news/the-full-speech-delivered-by-president-anura-kumara-dissanayake-at-the-inauguration-of-the-first-session-of-the-tenth-parliament/ 2 A practical definition of an economic recession is recording a negative economic growth for two consecutive quarters; an economic depression is a severe recession with a negative annual growth of more than 10%; see: https://www.imf.org/external/pubs/ft/fandd/2009/03/pdf/basics.pdf . 3 Department of Census and Statistics, Growth of Quarterly GDP at Constant Prices 2016-2023. 4 IMF, Sri Lanka Country Report 23/116. 5 Central Bank of Sri Lanka, Annual Report 2022, Special Statistical Appendix, Table 2. 6 https://www.statistics.gov.lk/InflationAndPrices/StaticalInformation/MonthlyCCPI/CCPI_20241129E 7 Section 36 of the Central Bank Act provides for the grant of such liquidity financing only to ‘solvent’ financial institutions. Hence, insolvent financial institutions cannot get even the liquidity financing from the central bank. Liquidity financing to insolvent financial institutions can be made by the central bank in exceptional circumstances on an ‘unconditional and irrevocable’ guarantee given by the government. 8 See: https://www.rba.gov.au/education/resources/explainers/the-global-financial-crisis.html#:~:text=The%20catalysts%20for%20the%20GFC,built%20houses%20in%20some%20areas. . 9 For details of Sri Lanka’s informal money market, see, Berensmann, Kathrin et.al , 2002, Informal Financing of Small Scale Enterprises in Sri Lanka, Working Paper 10/2002, German Development Institute, Bonn. 10 Wijewardena, W.A., 2019, “Fixing Lending Rates and Waving Farmer Loans: Two Policies That Do Not Augur Well For Borrowers” Colombo Telegraph, https://www.colombotelegraph.com/index.php/fixing-lending-rates-waiving-farmer-loans-two-policies-that-do-not-augur-well-for-borrowers/ . 11 For details, see: Majnoni, Giovanni at.al., 2004, Bank Capital and Loan Loss Reserves Under Basel II: Implications for Emerging Countries”, World Bank Policy Research Working Paper, 3437; https://documents1.worldbank.org/curated/en/426261468765318403/310436360_20050014104409/additional/WPS3437.pdf . 12 Wijewardena, W.A., 2023, Misconceived resilient economy needs fixing by restoring broken supply chains, Daily FT; https://www.ft.lk/columns/Misconceived-resilient-economy-needs-fixing-by-restoring-broken-supply-chains/4-753818 . 13 For details, see: Davila, Antonio, Foster, George and Gupta, Mahendra, 2000, Venture Capital Financing and the Growth of Startup Firms, Research Paper No 1667, Graduate School of Business, Stanford University.

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SAN JOSE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- PROCEPT BioRobotics ® (Nasdaq: PRCT) (the "Company”), a surgical robotics company focused on advancing patient care by developing transformative solutions in urology, today announced that members of management will present at the upcoming 36th Annual Piper Sandler Healthcare Conference in New York City. Management is scheduled to present on Wednesday, December 4 at 8:30 a.m. Eastern Time. A live webcast of each event, as well as an archived recording, will be available on the "Investors” section of the company's website at: https://ir.procept-biorobotics.com . The webcasts will be archived and available for replay for at least 90 days after the event. About PROCEPT BioRobotics Corporation PROCEPT BioRobotics is a surgical robotics company focused on advancing patient care by developing transformative solutions in urology. The HYDROSTM Robotic System is the only AI-Powered, robotic technology that delivers Aquablation therapy. PROCEPT BioRobotics designed Aquablation therapy to deliver effective, safe, and durable outcomes for males suffering from lower urinary tract symptoms or LUTS, due to BPH that are independent of prostate size and shape or surgeon experience. BPH is the most common prostate disease and impacts approximately 40 million men in the United States. The Company has developed a significant and growing body of clinical evidence with over 150 peer-reviewed publications, supporting the benefits and clinical advantages of Aquablation therapy. Investor Contact: Matt Bacso VP, Investor Relations and Business Operations [email protected]

NOVATO, Calif. , Dec. 11, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (Nasdaq: HNNA) today reported results for the fiscal year ended September 30, 2024 . "So far in 2024, the U.S. stock market and economy have thrived on a wave of optimism," said Neil Hennessy , Chairman and CEO. "With the presidential election and initial Federal Reserve rate cuts now behind us, investors can return their focus to core fundamentals of the U.S. economy, which appear solid." "Over the course of more than four decades in this business, I have witnessed the economic resilience of the United States through periods of high inflation, rising interest rates, and geopolitical uncertainty. Today, I believe many economic fundamentals are strong. Unemployment is low and stable, corporate earnings and cash flows are robust, and our banking system is both healthy and viable. With positive consumer sentiment, I see spending driving corporate profits, and I believe this will spur the stock market's continued growth through the end of the year and beyond. As always, our focus remains on navigating any economic environment to deliver long-term value for our shareholders," he continued. "In the one-year period ended September 30, 2024 , the Dow Jones Industrial Average returned 28.85% and the S&P 500 ® Index returned 36.35% (on a total return basis). Over the same period, all 17 Hennessy Funds posted positive returns. Over the longer term, 15 of the Hennessy Funds posted positive returns for the three-year period ended September 30, 2024 , and all 16 Hennessy Funds with at least 10 years of operating history posted positive returns for both the 5-year and 10-year periods ended September 30, 2024 ," stated Neil Hennessy . "In 2024, we successfully executed on all three fronts of our long-standing business strategy," said Teresa Nilsen , President and COO. "Over the twelve months ended September 30, 2024 , we purchased assets related to the management of $72 million in mutual funds, we welcomed $549 million in net new assets under management, and we benefited from nearly $1 billion in market appreciation." "The effective execution of our business model drove a 23% increase in our average assets under management over the prior year, creating a strong start to fiscal year 2025 with total assets under management up more than 50% since September 30, 2023 ," she continued. "Our fiscal year results reflect both the strength of our consistent strategy and the dedication of our talented team, whose focused efforts have driven the success of Hennessy Advisors for over 35 years. I am immensely proud of what we've accomplished and excited about the opportunities that lie ahead." Summary Highlights for the Fiscal Year (compared to fiscal year 2023): Twelve Months Ended Sept 30, Change 2024 2023 Dollar Percent Total Revenue $ 29,646,194 $ 24,019,874 $ 5,626,320 23.4 % Net Income 7,096,701 4,770,888 2,325,813 48.8 % Earnings Per Share (Diluted) 0.92 0.63 0.29 46.0 % Weighted Average Number of Shares Outstanding (Diluted) 7,721,781 7,603,676 118,105 1.6 % Average Assets Under Management 3,686,942,501 2,991,689,979 695,252,522 23.2 % As of Sept 30, 2024 2023 Total Assets Under Management $ 4,642,363,105 $ 3,032,041,791 $ 1,610,321,314 53.1 % Cash and Cash Equivalents, Net of Gross Debt Balance 23,671,594 20,225,668 3,445,926 17.0 % About Hennessy Advisors, Inc. Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‐and‐hold philosophy that rejects the idea of market timing. Supplemental Information Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Forward-Looking Statements This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‐looking statements relate to expectations and projections about future events based on currently available information. Forward‐looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‐looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‐looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations. View original content: https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-46-increase-in-annual-earnings-per-share-302329179.html SOURCE Hennessy Advisors, Inc.On The Road: Feelings run high after controversial points deduction plunges Gartcairn into relegation fight Click here to visit the Scotland home page for the latest news and sport By HUGH MACDONALD Published: 19:35, 8 December 2024 | Updated: 19:47, 8 December 2024 e-mail View comments It is an ill wind that rattles the mesh fence at Gartcairn’s park and chills the brave souls huddled in a desperate solidarity. It is hard to divine what good it can do rather than emphasise that peculiar togetherness that semi-professional football not only espouses but lives. It is game day in Airdrie. The match against Glenafton would have been once envisioned as a chance for Gartcairn to continue pushing at the top of the Premier Division of the West of Scotland Football League. But on Storm Darragh Saturday this aspiration has been blown aside. Gartcairn are now — suddenly but undeniably — in a relegation fight. As volunteers dash from freight containers to pitch, as pies are being heated and balls are being fetched, the talk is of points deducted, loan registrations and what happens next in a row that has embroiled the league, hit sponsorship and caused dismay within the club. The point at issue is the registration of Robert Thomson, the striker who was signed from East Kilbride this season and played as a trialist for eight games. Gartcairn's defeat by Glenafton was played amid a bitter dispute over registration rules He goes about his business with commendable effort on Saturday. His impact, though, has caused more turbulence off the field. Gartcairn announced last week that the club had been deducted 15 points and fined £500 for playing an ineligible player, Thomson, to whom no blame is attached. The West of Scotland Football League ruled that under its protocols he was only entitled to play three games as a trialist. Gartcairn insist he was registered properly and its evidence was considered. A league committee decided no appropriate registration form had been submitted. A statement from the WoSFL last week said an investigation showed the player was thus not registered and this was not due to any fault in the system. This is a reference to the Comet registration system, brought in this year to leagues across Scotland. It must be said that the Comet system is a good one. Gartcairn’s contention is, though, that they provided information, though the league investigation has decided otherwise. ‘We believe we did everything right and have been treated unfairly,’ says Craig Armstrong, the club secretary. ‘We believe, too, that the Comet system is a good one and, given time, it will work.’ An exchange of public statements between the club and the league laid bare the extent of the row. Armstrong is managing director of Indigo Communications, a sponsor of the league. He pulled that sponsorship immediately. ‘It is worth about £10,000,’ he says. ‘I had not paid this year’s money yet but I felt it was inappropriate to do so. 'What I will do is set aside that cash and if any other clubs have problems and incur fines then that money could help them out. A fine of a couple of hundred quid could be a disaster to some clubs.’ Greenversity, another company in which he is involved, will, however, continue to sponsor the league. Leave to appeal the WoSFL decision to the SFA has been denied following a review of the case. So there the matter lies. There is no way for the club to contest it further and the WoSFL statement says it is merely applying the punishment demanded by its rules. That statement ended with the WoSFL saying no further comment would be made. A spokesman confirmed last night that the league considered the matter closed. Gartcairn are accused of fielding striker Robert Thomson when he was ineligible to play Gartcairn claim many other clubs have issues. The WoSFL said in its statement that ‘there have been three investigations at clubs regarding player ineligibility due to possible player registration offences, including Gartcairn, and no others are in the pipeline’. Gartcairn, though, are believed to have surveyed other clubs in the league and the results of this may be published this week. There was a sense in below-zero Airdrie that many in the ground were nursing their wrath to keep it warm. One supporter, muffled up against the cold and declining to give his name, said: ‘I feel the punishment does not fit what was at worst an administrative error. I mean, we are hardly bringing Thomson in under the radar. We put a signing announcement up on social media, so it wasn’t a secret.’ The club also says it alerted the authorities to a possible problem over the cancellation of the loan status. Read More On The Road: Spiders etch out another chapter in their proud Scottish Cup history with shootout triumph ‘We believe the support to this new way of working is terrible,’ said Armstrong. ‘Guys who have been in football for many years, using paper copies etc, are finding this difficult. It is a massive change to everything they once knew.’ Both the WosFL and the SFA point out that courses to help officials were arranged and well attended. The SFA says it has rolled this out across other leagues without significant problems, though at the start of the system there were complaints from some in grassroots about the time taken to migrate from the old system to the new one and the lack of support offered to those struggling to make the change. ‘The reason I am withdrawing my sponsorship is that Indigo is an IT company with 500 customers throughout Scotland, a lot of them football clubs,’ says Armstrong. ‘I can’t be putting my money into an institution that I believe does not put its customers first. We need more support with all of this.’ He added: ‘I cannot emphasise this enough: I do believe this system is for the best and that it will work. I just think it will take time.’ Indeed, the Comet system is used by 44 other countries, including Wales, Northern Ireland, and the Republic of Ireland. It was introduced because it was felt that the old system was redundant and no longer viable. The authorities decided to address issues over the changeover by running courses. Armstrong strongly advocates better, continuing support. He added: ‘I can tell you that this is not just a Gartcairn problem. Other clubs have come to me with their concerns. We at Gartcairn have been portrayed as a bad, tinpot club. I don’t care about that criticism. ‘If there are people who will benefit from me taking this stance on this, then I will take the flak. Again, I don’t think it is a bad system, I just think they have underestimated the issues and we should work together to solve them. These are mostly to do with support.’ A 15-point deduction has left Gartcairn coach Mick Dunlop fighting a relegation battle The club now has to face a relegation battle. It is unclear how the row will proceed off the pitch, but the issue on it is stark. Gartcairn now sit second bottom of the Premier Division. Martin Peacock, club chairman, said of the sanction: ‘I think it’s been harsh. We brought this issue up, after all. 'Our whole intention was to ask a question and it feels as if we have self-incriminated. That is disappointing. I don’t think the severity of our punishment can be justified.’ The club has 900 players, from children through to over-35s, and a thriving women’s team. ‘We are trying to put everything into the club here,’ he added. ‘It’s tough when things like this happen. We are trying to do everything as well as we can and we feel as if we have been hammered.’ He was adamant in one aspect, adding: ‘We need to move on quickly on the park. We can use this as motivation or whatever but we must start picking up points. It must be back to football today.’ This warming sentiment offered scant comfort as the chill wind refused to abate and the team came up short, losing 1-0 in a tightly-contested match. A late goal from Chris Erskine settled affairs for Glenafton as a spectacular sunset unfolded behind the park. It produced an extraordinary light. Gartcairn will be hoping it is the harbinger of a brighter dawn to come. Share or comment on this article: On The Road: Feelings run high after controversial points deduction plunges Gartcairn into relegation fight e-mail Add comment

Owen Schlager, sr., G, TrinityNEW ORLEANS — A scruffy little fugitive is on the lam again in New Orleans, gaining fame as he outwits a tenacious band of citizens armed with night-vision binoculars, nets and a tranquilizer rifle. Scrim, a 17-pound mutt that's mostly terrier, has become a folk hero, inspiring tattoos, T-shirts and even a ballad as he eludes capture from the posse of volunteers. And like any antihero, Scrim has a backstory: Rescued from semi-feral life at a trailer park and adopted from a shelter, the dog broke loose in April and scurried around the city until he was cornered in October and brought to a new home. Weeks later, he'd had enough. Scrim leaped out of a second-story window, a desperate act recorded in a now-viral video. Since then, despite a stream of daily sightings, he's roamed free. The dog’s fans include Myra and Steve Foster, who wrote “Ode to Scrim” to the tune of Ricky Nelson’s 1961 hit, “I’m a Travelin’ Man.” Michelle Cheramie, founder of Zeus' Rescues, at her office in New Orleans on Dec. 9 with a whiteboard index of sheltered cats and dogs and a Scrim look-alike recuperating in the background. Leading the recapture effort is Michelle Cheramie, a 55-year-old former information technology professional. She lost everything — home, car, possessions — in Hurricane Katrina in 2005, and in the aftermath, found her calling rescuing pets. “I was like, ‘This is what I should be doing,’” Cheramie said. “I was born to rescue.” She launched Zeus’ Rescues, a nonprofit shelter that now averages 600 cat and dog adoptions a year and offers free pet food to anyone who needs it. She helped Scrim find the home he first escaped from. It was Cheramie's window Scrim leaped from in November. She's resumed her relentless mission since then, posting flyers on telephone poles and logging social media updates on his reported whereabouts. She's invested thousands of dollars on wildlife cameras, thermal sensors and other gear. She took a course offered by the San Diego Zoo on the finer points of tranquilizing animals. And she's developed a network of volunteers — the kind of neighbors who are willing to grid-search a city at 3 a.m. Scrim on Oct. 24 at the Metairie Small Animal Hospital in Metairie, La. People like writer David W. Brown, who manages a crowd-sourced Google Map of all known Scrim sightings. He says the search galvanized residents from all walks of life to come together. As they search for Scrim, they hand out supplies to people in need. “Being a member of the community is seeing problems and doing what you can to make life a little better for the people around here and the animals around you,” Brown said. Neighbor Tammy Murray had to close her furniture store and lost her father to Parkinson's disease. This search, she says, got her mojo back. “Literally, for months, I’ve done nothing but hunt this dog,” said Murray, 53. “I feel like Wile E. Coyote on a daily basis with him.” Murray drives the Zeus' Rescues van toward reported Scrim sightings. She also handles a tactical net launcher, which looks like an oversized flashlight and once misfired, shattering the van's window as Scrim sped away. After realizing Scrim came to recognize the sound of the van's diesel engine, Murray switched to a Vespa scooter for stealth. Michelle Cheramie, director of Zeus' Rescues, left, walks with Scrim on Oct. 24 at the Metairie Small Animal Hospital in Metairie, La. Near-misses have been tantalizing. The search party spotted Scrim napping beneath an elevated house, and wrapped construction netting around the perimeter, but an over-eager volunteer broke ranks and dashed forward, leaving an opening Scrim slipped through. Scrim's repeated escapades prompted near-daily local media coverage and a devoted online following. Cheramie can relate. “We’re all running from something or to something," she said. "He's doing that, too.” Cheramie's team dreams of placing the pooch in a safe and loving environment. But a social media chorus growing under the hashtag #FreeScrim has other ideas — they say the runaway should be allowed a life of self-determination. The animal rescue volunteers consider that misguided. “The streets of New Orleans are not the place for a dog to be free,” Cheramie said. “It’s too dangerous.” Scrim rests in a kennel Oct. 24 at the Metairie Small Animal Hospital in Metairie, La. Scrim was a mess when Cheramie briefly recaptured him in October, with matted fur, missing teeth and a tattered ear. His trembling body was scraped and bruised, and punctured by projectiles. A vet removed one, but decided against operating to take out a possible bullet. The dog initially appeared content indoors, sitting in Cheramie's lap or napping beside her bed. Then while she was out one day, Scrim chewed through a mesh screen, dropped 13 feet to the ground and squeezed through a gap in the fence, trotting away. Murray said Cheramie's four cats probably spooked him. Cheramie thinks they may have gotten territorial. Devastated but undeterred, the pair is reassessing where Scrim might fit best — maybe a secure animal sanctuary with big outdoor spaces where other dogs can keep him company. Somewhere, Murray says, “where he can just breathe and be.” Scrim sits in the arms of Zoey Ponder on Oct. 24 at Metairie Small Animal Hospital in Metairie. Scrim at the Terrebonne Parish Animal Shelter in Louisiana. A Scrim sticker for sale Dec. 9 at Zeus' Rescues office to raise money for the shelter in New Orleans. A homemade portrait of Scrim hangs Dec. 9 in the Zeus' Rescues shelter in New Orleans. Scrim spends some time outside Oct. 24 with Michelle Cheramie, director of Zeus' Rescues, in a fenced-in area at Metairie Small Animal Hospital in Metairie. Receive the latest in local entertainment news in your inbox weekly!CWTI Provides Revised Update on Canada Postal Strike Delay Mailing of the Company’s 2024 Annual General Meeting Materials

Prime Minister Justin Trudeau says a new chapter for Syria can begin that's free of terrorism and suffering for its people. In a social media post on X on Sunday, Trudeau said the fall of the Assad dictatorship "ends decades of brutal oppression." Syrian President Bashar Assad fled the country on Sunday and is now reported to be in Moscow, bringing to a dramatic close his nearly 14-year struggle to hold onto control as his country fragmented in a brutal civil war. The toppling of Assad comes after opposition forces entered the Syrian capital of Damascus, ending half a century of rule by his family. Trudeau said Canada is monitoring the transition closely, and he urged "order, stability, and respect for human rights." Ottawa is urging Canadians to avoid all travel to Syria and to consider leaving the country if it's safe to do so. Conservative Leader Pierre Poilievre told a news conference on Sunday that Assad "was a puppet for the tyrants of Tehran." "He has carried out genocides against the Sunni people in his own country, and now he appears to have been toppled," Poilievre said in Ottawa. Poilievre said it's unknown who will replace Assad, adding it isn't Canada's fight and that he doesn't believe Canada should get involved. "We should stand with our allies, including Israel, against the terrorists. We should focus on protecting our own country." Ottawa describes the security situation as volatile, and said the Damascus and Aleppo airports as well as some border crossings are closed. An updated travel advisory from the Canadian government warns people to avoid the Middle Eastern country due to what it calls "ongoing armed conflict, terrorism, criminality, arbitrary detention, torture and forced disappearance." Canada has urged its citizens to leave Syria since November 2011, and its embassy in Damascus suspended its operations in 2012. This report by The Canadian Press was first published Dec. 8, 2024. — With files from The Associated Press. The Canadian Press

PHILADELPHIA (AP) — Former Temple basketball standout Hysier Miller sat for a long interview with the NCAA as it looked into concerns about unusual gambling activity, his lawyer said Friday amid reports a federal probe is now under way. “Hysier Miller fully cooperated with the NCAA’s investigation. He sat for a five-hour interview and answered every question the NCAA asked. He also produced every document the NCAA requested,” lawyer Jason Bologna said in a statement. “Hysier did these things because he wanted to play basketball this season, and he is devastated that he cannot.” Miller, a three-year starter from South Philadelphia, transferred to Virginia Tech this spring. However, the Hokies released him last month due to what the program called “circumstances prior to his enrollment at Virginia Tech.” Bologna declined to confirm that a federal investigation had been opened, as did spokespeople for both the FBI and the U.S. Attorney’s Office in Philadelphia. ESPN, citing unnamed sources, reported Thursday that authorities were investigating whether Miller bet on games he played in at Temple, and whether he adjusted his performance accordingly. “Hysier Miller has overcome more adversity in his 22 years than most people face in their lifetime. He will meet and overcome whatever obstacles lay ahead," Bologna said. Miller scored eight points — about half his season average of 15.9 — in a 100-72 loss to UAB on March 7 that was later flagged for unusual betting activity. Temple said it has been aware of those allegations since they became public in March, and has been cooperative. “We have been fully responsive and cooperative with the NCAA since the moment we learned of the investigation,” Temple President John Fry said in a letter Thursday to the school community. However, Fry said Temple had not received any requests for information from state or federal law enforcement agencies. He vowed to cooperate fully if they did. “Coaches, student-athletes and staff members receive mandatory training on NCAA rules and regulations, including prohibitions on involvement in sports wagering," Fry said in the letter. The same week the Temple-UAB game raised concerns, Loyola (Maryland) said it had removed a person from its basketball program after it became aware of a gambling violation. Temple played UAB again on March 17, losing 85-69 in the finals of the American Athletic Conference Tournament. League spokesman Tom Fenstermaker also declined comment on Friday. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballNoneProsecutors play undercover recordings of Madigan at former speaker’s corruption trial

The Ontario government is proposing to push through a bill that would close 10 supervised consumption sites without holding any public hearings, a move advocates and opposition critics say is anti-democratic. The legislation seeks to prohibit and close any drug consumption sites that are within 200 metres of a school or daycare, and effectively prohibit any new sites from opening. In their place, the government is launching 19 new "homelessness and addiction recovery treatment hubs" plus 375 highly supportive housing units at a planned cost of $378 million. Government house leader Steve Clark has put forward a motion that would see the bill go straight from second reading to third reading, bypassing the committee stage that normally includes public hearings and consideration of amendments. Health Minister Sylvia Jones made the consumption site announcement back in August, and now the government needs to get the bill through, Clark said. "I sat here a couple of weeks ago and told you that I'd be using time allocation on some of the government's bills," Clark said after question period. "This is a government bill we need to get passed." The bill is one of a number of pieces of legislation the government is fast-tracking, which is fuelling speculation of a provincial election earlier than the set June 2026 date. In addition to limiting debate time in the legislature on the bills, the government has for some of them either curtailed or entirely skipped the committee stage, in which organizations and members of the public speak about how a bill will affect them. A divisive bill that would prohibit and remove certain bike lanes had one day of public hearings. Lorraine Lam, an outreach worker in downtown Toronto, says: 'I think it says a lot that he's not willing to hear the public opinions about what this decision is going to mean for so many people. I think if he did open this up for public hearings ... the pushback would be huge.' (Ethan Lang/CBC) 'Pushback would be huge' if hearings held, advocate says Lorraine Lam, an outreach worker in downtown Toronto, said Premier Doug Ford appears to be basing his government's consumption-site legislation purely on the opinions of the sites' opponents. "I think it says a lot that he's not willing to hear the public opinions about what this decision is going to mean for so many people," she said. "I think if he did open this up for public hearings ... the pushback would be huge." Ford has often talked about hearing from people who are concerned about needles and drug use in communities near supervised consumption sites, particularly those near schools or daycares. Lam said Ford's framing of the issue as moving from supervised consumption to a rehabilitation focus is a "false binary," saying those services can exist alongside consumption sites that save drug users' lives. "If anything, now he's going to displace drug users into places that are public spaces like bus shelters, libraries and parks," she said. Bill could have deadly consequences, Liberal MPP says Liberal health critic Adil Shamji said it is incumbent upon legislators to consider all aspects of such an important policy. "This, if executed poorly, will lead to very dangerous and deadly consequences," he said. "We owe it to the democratic process, to the people of Ontario, to the families who have been impacted by people suffering from mental health and addictions challenges, to look at this legislation carefully, weigh it on its own merits and get as much feedback as we can so that we make the right decision, not the politically expedient one." Supporters and harm reduction workers stage a die-in outside of the Ontario legislature in Toronto on Monday, Oct. 21, 2024, as groups gather to protest against the Ontario government's proposal to close supervised consumption sites. (Chris Young/The Canadian Press) NDP Leader Marit Stiles said the government seems focused on finishing the legislative session as quickly as possible. "They want to get out of here as fast as they can — they don't want to hear from the experts, they don't want to hear from the people who actually are on the front line, and they don't want to hear from the people who are most impacted," she said. "We're not talking about weeks and months. We're talking about a few days of consultations, and they're not even providing that." Posters highlight opposition to proposed closures of sites Meanwhile, posters have appeared around Toronto, on bus shelters, near parking pads and the sides of boarded up buildings, to protest the proposed closures of supervised consumption sites in Ontario. The posters, which contain an Ontario Health logo on the bottom right, are billed as an "Ontario Health Public Notice" and they say "Injection Site Relocation" adding "these locations will become an injection site." A QR code on the bottom right leads to a site advocating to save consumption sites. The posters say the "zoning change" will take effect on April 1, 2025, after the province shuts down 10 supervised consumption sites in Ontario, including five in Toronto. Posters appear on bus shelters in Toronto, Monday Nov. 25, 2024, to highlight opposition to the Ontario Government's proposed closure of supervised consumption sites. Advocates say that the closure of consumption sites will lead to unsupervised consumption in open public spaces. (Chris Young/The Canadian Press) Lam said she thinks the messaging is accurate and she applauds whoever is behind the marketing campaign. If the province closes the sites, people will continue to use substances and will do so in public spaces and all over the community, she said. "I think some of the spots actually match up to what I know in terms of paramedic responses. And so, I think it's just telling, without the supervised sites, people are going to be using in whatever spaces they find." Ontario Health told CBC Toronto on Monday that it did not consent to the use of its logo on the posters and do not condone the improper use of it. "Ontario Health has no involvement in these posters," the agency said.

Tabletop gaming store Watchtower Games opens in HarrisonburgNOVATO, Calif. , Dec. 11, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. HNNA today reported results for the fiscal year ended September 30, 2024 . "So far in 2024, the U.S. stock market and economy have thrived on a wave of optimism," said Neil Hennessy , Chairman and CEO. "With the presidential election and initial Federal Reserve rate cuts now behind us, investors can return their focus to core fundamentals of the U.S. economy, which appear solid." "Over the course of more than four decades in this business, I have witnessed the economic resilience of the United States through periods of high inflation, rising interest rates, and geopolitical uncertainty. Today, I believe many economic fundamentals are strong. Unemployment is low and stable, corporate earnings and cash flows are robust, and our banking system is both healthy and viable. With positive consumer sentiment, I see spending driving corporate profits, and I believe this will spur the stock market's continued growth through the end of the year and beyond. As always, our focus remains on navigating any economic environment to deliver long-term value for our shareholders," he continued. "In the one-year period ended September 30, 2024 , the Dow Jones Industrial Average returned 28.85% and the S&P 500 ® Index returned 36.35% (on a total return basis). Over the same period, all 17 Hennessy Funds posted positive returns. Over the longer term, 15 of the Hennessy Funds posted positive returns for the three-year period ended September 30, 2024 , and all 16 Hennessy Funds with at least 10 years of operating history posted positive returns for both the 5-year and 10-year periods ended September 30, 2024 ," stated Neil Hennessy . "In 2024, we successfully executed on all three fronts of our long-standing business strategy," said Teresa Nilsen , President and COO. "Over the twelve months ended September 30, 2024 , we purchased assets related to the management of $72 million in mutual funds, we welcomed $549 million in net new assets under management, and we benefited from nearly $1 billion in market appreciation." "The effective execution of our business model drove a 23% increase in our average assets under management over the prior year, creating a strong start to fiscal year 2025 with total assets under management up more than 50% since September 30, 2023 ," she continued. "Our fiscal year results reflect both the strength of our consistent strategy and the dedication of our talented team, whose focused efforts have driven the success of Hennessy Advisors for over 35 years. I am immensely proud of what we've accomplished and excited about the opportunities that lie ahead." Summary Highlights for the Fiscal Year (compared to fiscal year 2023): Total revenue of $29.6 million , an increase of 23%. Net income of $7.1 million , an increase of 49%. Fully diluted earnings per share of $0.92 , an increase of 46%. Average assets under management, upon which revenue is earned, of $3.7 billion , an increase of 23%. Total assets under management at fiscal year end of $4.6 billion , an increase of 53%. Cash and cash equivalents, net of gross debt, of $23.7 million , an increase of 17%. Twelve Months Ended Sept 30, Change 2024 2023 Dollar Percent Total Revenue $ 29,646,194 $ 24,019,874 $ 5,626,320 23.4 % Net Income 7,096,701 4,770,888 2,325,813 48.8 % Earnings Per Share (Diluted) 0.92 0.63 0.29 46.0 % Weighted Average Number of Shares Outstanding (Diluted) 7,721,781 7,603,676 118,105 1.6 % Average Assets Under Management 3,686,942,501 2,991,689,979 695,252,522 23.2 % As of Sept 30, 2024 2023 Total Assets Under Management $ 4,642,363,105 $ 3,032,041,791 $ 1,610,321,314 53.1 % Cash and Cash Equivalents, Net of Gross Debt Balance 23,671,594 20,225,668 3,445,926 17.0 % About Hennessy Advisors, Inc. Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‐and‐hold philosophy that rejects the idea of market timing. Supplemental Information Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. Forward-Looking Statements This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‐looking statements relate to expectations and projections about future events based on currently available information. Forward‐looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‐looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‐looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations. View original content: https://www.prnewswire.com/news-releases/hennessy-advisors-inc-reports-46-increase-in-annual-earnings-per-share-302329179.html SOURCE Hennessy Advisors, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

NoneNAIA football: Morningside, NWC second round matchups announcedOn Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here . ___ Saquon Barkley has become the Shohei Ohtani of the NFL. There’s no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson’s single-season record of 2,105 yards set in 1984. Barkley’s historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He’s not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP’s first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren’t QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn’t. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP’s new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. Clinching scenarios The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. Status quo in Dallas? It’s not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. “I don’t think that’s crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left,” Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven’t reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team’s struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy. ___ AP NFL: https://apnews.com/hub/nfl Rob Maaddi, The Associated Press