Investment management

Faircourt Asset Management Inc. Announces October Distributions

Finance, Money, Investment management, Net asset value, Trust law, Economy, Financial risk management, Unit trust, Investment fund
Saturday, October 24, 2020 - 1:00am

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.

Key Points: 
  • Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.
  • This press release is not for distribution in the United States or over United States wire services.
  • For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

Canoe Financial announces sub-advisor change for Canoe Preferred Share Portfolio Class

Finance, Money, Economy, Investment, Investment management, Asset allocation, Portfolio
Friday, October 23, 2020 - 10:30pm

CALGARY, Alberta, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Canoe Financial LP (Canoe Financial) announced today a change to the sub-advisor for Canoe Preferred Share Portfolio Class (the Fund).

Key Points: 
  • CALGARY, Alberta, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Canoe Financial LP (Canoe Financial) announced today a change to the sub-advisor for Canoe Preferred Share Portfolio Class (the Fund).
  • Additionally, Canoe Financial has announced changes to the distribution frequency for Series UC of Canoe Asset Allocation Portfolio Class.
  • Canoe Financial will remain as portfolio manager and be responsible for managing the investment portfolio of the Fund.
  • Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians.

BNY Mellon High Yield Strategies Fund Declares Dividend

Banking, Professional services, Finance, BNY Mellon, Economy of New York City, Companies, Mellon, Investment management, New York City, Dreyfus Corporation, Insight Investment
Friday, October 23, 2020 - 10:08pm

On October 23, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on November 23, 2020 to shareholders of record at the close of business on November 6, 2020.

Key Points: 
  • On October 23, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on November 23, 2020 to shareholders of record at the close of business on November 6, 2020.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is one of the worlds leading investment management organizations and one of the top U.S. wealth managers, with US $2.0 trillion in assets under management as of September 30, 2020.
  • BNY Mellon Investment Management encompasses BNY Mellons affiliated investment management firms, wealth management organization and global distribution companies.

Nuveen Core Equity Alpha Fund Announces Results of Special Shareholder Meeting

Professional services, Finance, Nuveen, TIAA, Service companies, Teachers Insurance and Annuity Association of America, Investment management, Economy of New York City, New York City, Companies listed on the New York Stock Exchange
Friday, October 23, 2020 - 9:30pm

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors.

Key Points: 
  • Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors.
  • Nuveen has $1 trillion in assets under management as of 30 June 2020 and operations in 27 countries.
  • Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.
  • The information contained on the Nuveen website is not a part of this press release.

Brompton Funds Declare Distributions

Finance, Money, Investment, Investment fund, Exchange-traded fund, Closed-end fund, Institutional investors, Primary dealers, Investment management, Mutual fund scandal, Investment banking
Friday, October 23, 2020 - 6:14pm

Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.

Key Points: 
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.
  • You will usually pay brokerage fees to your dealer if you purchase or sell units or shares of the investment funds on the Toronto Stock Exchange or other alternative Canadian trading system (an exchange).
  • Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
  • Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds.

Firsthand Technology Value Fund Discloses Preliminary NAV of $13.81 Per Share as of September 30, 2020

Finance, Money, Investment, Equity securities, Investment management, Net asset value, Venture capital
Friday, October 23, 2020 - 2:20pm

SAN JOSE, Calif., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the Fund), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of September 30, 2020, was $13.81.

Key Points: 
  • SAN JOSE, Calif., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the Fund), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of September 30, 2020, was $13.81.
  • The Fund further announced that its top five holdings as of September 30, 2020, were Pivotal Systems, IntraOp Medical, Wrightspeed, Revasum, and SVXR.
  • The Funds preliminary net assets as of September 30, 2020, include cash and cash equivalents of approximately $0.34 per share.
  • Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies.

US Community Banks Near Inflection Point--Consolidation to Accelerate During Recovery

Bank, Economic history of Italy, Uptick rule, Investment management, Economy
Friday, October 23, 2020 - 1:00pm

FJ Capitalbelieves the number of banks will decline by more than 50% over the next 10 to 15 years.

Key Points: 
  • FJ Capitalbelieves the number of banks will decline by more than 50% over the next 10 to 15 years.
  • "We are encouraged by the recent uptick in M&A activity," says FJ Capital Founder and Portfolio Manager, Martin Friedman.
  • "Based on our analysis, we believe we've hit a turning point in the credit cycle and are reaching a positive inflection point in community and regional banks."
  • FJ Capital Management is an investment management firm that analyzes and invests in community and regional banks through alternative strategies.

Chelverton UK Dividend Trust plc: Net Asset Value(s)

Investment management, Finance, Money, Net asset value, Dividend, Investment funds, Economy
Friday, October 23, 2020 - 12:02pm

Chelverton UK Dividend Trust plc: Net Asset Value(s)

Key Points: 

Chelverton UK Dividend Trust plc: Net Asset Value(s)
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
The Net Asset Value (NAV) at 22/10/2020 was:
Number of shares in issue:

Betterment Unveils New Socially Responsible Investment Offerings

Betterment, Investment management, Economy, Socially responsible investing, Investment, Finance, Articles
Thursday, October 22, 2020 - 3:00pm

NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Betterment , a smart money manager, today announced new Socially Responsible Investment (SRI) portfolio offerings that will allow customers to invest for environmental and social impact, without sacrificing the portfolio diversification, tax-optimization or performance that Betterment strives to deliver.

Key Points: 
  • NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Betterment , a smart money manager, today announced new Socially Responsible Investment (SRI) portfolio offerings that will allow customers to invest for environmental and social impact, without sacrificing the portfolio diversification, tax-optimization or performance that Betterment strives to deliver.
  • The offerings will also be available to Betterment for Business and Betterment for Advisors customers.
  • "Energy and urgency around values-driven investment continues to grow, and we can no longer assume which causes matter most to our customers," said Boris Khentov, SVP, Operations & Legal Counsel at Betterment.
  • Betterment is a smart money manager that offers everyday services for spending and saving, alongside their core investing and retirement solutions.

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Third Point Reinsurance Ltd. Merger

Finance, New York Stock Exchange, Fiduciary, Third Point Management, Sirius Satellite Radio, Reinsurance, Investment management, New York City
Thursday, October 22, 2020 - 2:56pm

announces that it is investigating Third Point Reinsurance Ltd. (Third Point) (NYSE: TPRE ) regarding possible breaches of fiduciary duties and other violations of law related to Third Points agreement to merge with Sirius International Insurance Group, Ltd. (Sirius) (NASDAQ GS: SG ).

Key Points: 
  • announces that it is investigating Third Point Reinsurance Ltd. (Third Point) (NYSE: TPRE ) regarding possible breaches of fiduciary duties and other violations of law related to Third Points agreement to merge with Sirius International Insurance Group, Ltd. (Sirius) (NASDAQ GS: SG ).
  • Under the terms of the agreement, Third Point will issue a number of shares of Third Point common stock or an amount in cash to shareholders of Sirius.
  • To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-third-point-reinsurance-ltd .
  • You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com .