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AmericaFirst Funds Trust Announces Changes to Board of Trustees

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AmericaFirst Funds, a subsidiary of DSS, Inc. (NYSE American: DSS), announced changes to its Board of Trustees. Three independent directors resigned on August 9, 2024, and three new directors were elected by shareholder proxy vote: Dr. Prabir Datta, Darryl Robinson, and Mark Gronet.

The new directors bring extensive experience in asset management, risk management, investment operations, and sales. Dr. Datta has a background in finance and operations, Robinson is a real estate industry veteran, and Gronet has expertise in institutional sales and human resources. These appointments aim to enhance the Trust's expertise and support its growth and success in the evolving investment landscape.

AmericaFirst Funds, una filiale di DSS, Inc. (NYSE American: DSS), ha annunciato cambiamenti nel suo Consiglio di Amministrazione. Tre direttori indipendenti si sono dimessi il 9 agosto 2024 e tre nuovi direttori sono stati eletti tramite voto per procura degli azionisti: Dr. Prabir Datta, Darryl Robinson e Mark Gronet.

I nuovi direttori portano un'ampia esperienza in gestione patrimoniale, gestione dei rischi, operazioni di investimento e vendite. Il Dr. Datta ha un background in finanza e operazioni, Robinson è un veterano del settore immobiliare e Gronet ha esperienza nelle vendite istituzionali e nelle risorse umane. Queste nomine mirano a potenziare l'expertise del Trust e a supportarne la crescita e il successo nel panorama degli investimenti in evoluzione.

AmericaFirst Funds, una filial de DSS, Inc. (NYSE American: DSS), anunció cambios en su Junta de Fideicomisarios. Tres directores independientes renunciaron el 9 de agosto de 2024, y tres nuevos directores fueron elegidos por voto de poder de los accionistas: Dr. Prabir Datta, Darryl Robinson y Mark Gronet.

Los nuevos directores aportan una amplia experiencia en gestión de activos, gestión de riesgos, operaciones de inversión y ventas. El Dr. Datta tiene un historial en finanzas y operaciones, Robinson es un veterano de la industria inmobiliaria y Gronet tiene experiencia en ventas institucionales y recursos humanos. Estas nombramientos tienen como objetivo mejorar la experiencia del Fideicomiso y apoyar su crecimiento y éxito en el panorama de inversiones en evolución.

AmericaFirst Funds는 DSS, Inc. (NYSE American: DSS)의 자회사로 이사회의 변화를 발표했습니다. 세 명의 독립 이사가 2024년 8월 9일에 사임하였고, 주주 위임 투표를 통해 세 명의 새로운 이사가 선출되었습니다: Dr. Prabir Datta, Darryl Robinson, Mark Gronet.

새로운 이사는 자산 관리, 위험 관리, 투자 운영 및 판매에 대한 광범위한 경험을 가지고 있습니다. Datta 박사는 금융 및 운영 분야에서 경력을 쌓았고, Robinson은 부동산 산업의 베테랑이며, Gronet은 기관 판매 및 인사 분야에서 전문성을 가지고 있습니다. 이러한 임명은 신탁의 전문성을 강화하고 변화하는 투자 환경에서의 성장과 성공을 지원하는 것을 목표로 하고 있습니다.

AmericaFirst Funds, une filiale de DSS, Inc. (NYSE American: DSS), a annoncé des changements dans son Conseil d'Administration. Trois directeurs indépendants ont démissionné le 9 août 2024 et trois nouveaux directeurs ont été élus par vote par procuration des actionnaires : Dr. Prabir Datta, Darryl Robinson et Mark Gronet.

Les nouveaux directeurs apportent une vaste expérience en gestion d'actifs, gestion des risques, opérations d'investissement et ventes. Le Dr Datta a un parcours en finance et opérations, Robinson est un vétéran de l'industrie immobilière, et Gronet possède une expertise en ventes institutionnelles et en ressources humaines. Ces nominations visent à renforcer l'expertise du Trust et à soutenir sa croissance et son succès dans un paysage d'investissement en évolution.

AmericaFirst Funds, eine Tochtergesellschaft von DSS, Inc. (NYSE American: DSS), gab Änderungen im Vorstand bekannt. Drei unabhängige Direktoren traten am 9. August 2024 zurück, und drei neue Direktoren wurden durch eine Aktionärsvollmacht gewählt: Dr. Prabir Datta, Darryl Robinson und Mark Gronet.

Die neuen Direktoren bringen umfangreiche Erfahrung in Vermögensverwaltung, Risikomanagement, Investitionsoperationen und Vertrieb mit. Dr. Datta hat einen Hintergrund in Finanzen und Betrieb, Robinson ist ein Veteran der Immobilienbranche, und Gronet hat Expertise im institutionellen Vertrieb und Personalwesen. Diese Ernennungen sollen das Fachwissen des Trusts stärken und dessen Wachstum und Erfolg in der sich entwickelnden Investmentlandschaft unterstützen.

Positive
  • Addition of three experienced directors with diverse backgrounds in finance, real estate, and sales
  • Potential for enhanced expertise and valuable insights to support the Trust's growth
Negative
  • None.

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- AmericaFirst Funds, a subsidiary of DSS, Inc. (NYSE American: DSS), today announced that effective August 9, 2024, David Friedensohn, Monica Himes and Allan Siegel have resigned from their positions as independent directors.

The Trust is pleased to announce the election of three new independent directors by shareholder proxy vote: Dr. Prabir Datta, Darryl Robinson and Mark Gronet. These individuals are seasoned senior investment executives who bring a wealth of experience and expertise in asset management, risk management, investment operations and sales.

"We are appreciative for the service and commitment by our outgoing directors," said Daniel Lew, CFA, Chief Investment Officer of AmericaFirst Wealth Management, adviser to the Trust. "We are excited to welcome our new directors, who will undoubtedly enhance the Trust's expertise and provide valuable insights to support the Trust's growth and success."

The new directors' biographies are as follows:

  • Dr. Prabir Datta is an accomplished senior executive within the asset management industry, with significant experience in operations, risk management, and regulatory compliance. Noteworthy experiences include his pivotal role as the Chief Operating Officer at Constellation Capital Management, a top-tier Boutique Credit Hedge Fund, where he was instrumental in restructuring processes and ensuring regulatory compliance. Dr. Datta has a PhD in Finance from University of Illinois at Urbana-Champaign, an MBA in Finance from Indian Institute of Management (IIM) Calcutta, India, and a BS in Mechanical Engineering from Birla Institute of Technology and Science (BITS), Pilani India.
  • Darryl Robinson is a seasoned professional with a remarkable career spanning the real estate industry. Darryl is currently a Managing Principal at NewQuest Crosswell with a proven track record as a commercial real estate developer, disciplined investor and insightful operator. He is also a partner with NewQuest Properties, a vertically integrated firm managing a portfolio exceeding $2 billion in assets. Additionally, Darryl is a co-founder and manager at C2R Capital Management that engages in private real estate lending. He holds a degree in Finance and Real Estate from the University of Alabama.
  • Mark Gronet is a seasoned professional whose career in the finance and business world is marked by remarkable achievements and contributions. Notably, Mark was a managing director and led institutional sales at Buckingham Research, an established boutique Wall Street equity research and trading firm and was highly successful in growing the research sales business substantially. He also had an earlier career in human resources where he rose to the position of President at Robert Olivier & Associations, a human resource consulting firm. Mark has a BS in Business Economics from the College of New Jersey.

The Trust looks forward to benefiting from the new directors' expertise and perspectives as it continues to navigate the evolving investment landscape and deliver value to its shareholders.

About AmericaFirst Funds

AmericaFirst Funds is a mutual fund trust dedicated to providing investors with access to a range of investment strategies that encompass income, capital growth, and opportunistic approaches. Our investment process encompasses top-down and bottom-up analysis, analyzing the geopolitical and macroeconomic environment, monetary and interest rate policy, fundamental and trend analysis, quantitative and technical analysis. We provide in-depth weekly investment outlooks and analysis for our clients and provide accessibility for our clients to our key investment professionals.

For more information, please visit: www.americafirst.fund

About DSS, Inc.

DSS is a multinational company with a presence across a range of dynamic market sectors, including Product Packaging, Biotechnology, Commercial Lending, Securities and Investment Management, Alternative Trading, and Alternative Energy. Leveraging strategic acquisitions and asset development, DSS enhances shareholder value through selective IPO spin-offs. Since 2019, under the guidance of new leadership, DSS has laid a robust foundation for sustainable growth, establishing a diverse portfolio of companies poised to excel in multiple high-growth industries.

For more information on DSS visit https://www.dssworld.com

Investors should carefully consider the investment objectives, risks, charges and expenses of AmericaFirst Funds. This and other important information about our Funds is contained in the prospectus, which can be obtained on this website, or by calling 1-877-217-8501. Read the prospectus carefully before investing.

Mutual fund investing involves risk. Principal loss is possible.

The AmericaFirst Fund’s are distributed by Arbor Court Capital, LLC, Member FINRA/SIPC

Safe Harbor Disclosure

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements related to the Company's intended use of proceeds and other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property matters; competition; as well as other risks described in our SEC filings, including, without limitation, our reports on Forms 8-K, 10-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management's current estimates, projections, expectations, and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

Contact:
DSS Inc. Investor Relations
IR@dssworld.com
+1 (585) 565-2422


FAQ

What changes were announced to AmericaFirst Funds Trust's Board of Trustees?

AmericaFirst Funds Trust announced the resignation of three independent directors and the election of three new independent directors: Dr. Prabir Datta, Darryl Robinson, and Mark Gronet, effective August 9, 2024.

Who are the new directors elected to AmericaFirst Funds Trust's Board?

The newly elected directors are Dr. Prabir Datta, an experienced asset management executive; Darryl Robinson, a real estate industry veteran; and Mark Gronet, a seasoned professional in institutional sales and human resources.

How might these Board changes affect DSS stock (NYSE American: DSS)?

The addition of experienced directors with diverse backgrounds in finance, real estate, and sales could potentially enhance AmericaFirst Funds Trust's expertise and support its growth, which may positively impact DSS stock. However, the direct effect on stock performance is not guaranteed.

What experience does Dr. Prabir Datta bring to AmericaFirst Funds Trust?

Dr. Prabir Datta brings significant experience in operations, risk management, and regulatory compliance within the asset management industry. He has a PhD in Finance and has served as Chief Operating Officer at Constellation Capital Management.

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