Trust law

Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Retrieved on: 
Tuesday, April 20, 2021
Banking, Professional services, Finance, Enron scandal, Northern Trust, Trust law

Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region.

Key Points: 
  • Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region.
  • As of March 31, 2021, Northern Trust had assets under custody/administration of US$14.8 trillion, and assets under management of US$1.4 trillion.
  • For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.
  • Please visit our website or follow us on Twitter .\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.0976 Per Share for May

Retrieved on: 
Tuesday, April 20, 2021
Professional services, Finance, Investment trust, Trust law

b'First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund\xe2\x80\x99s regularly scheduled monthly common share distribution in the amount of $0.0976 per share payable on May 17, 2021, to shareholders of record as of May 4, 2021.

Key Points: 
  • b'First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund\xe2\x80\x99s regularly scheduled monthly common share distribution in the amount of $0.0976 per share payable on May 17, 2021, to shareholders of record as of May 4, 2021.
  • The Fund pursues these investment objectives by investing primarily in senior secured floating-rate corporate loans.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.

VOC Energy Trust Announces Trust Quarterly Distribution

Retrieved on: 
Tuesday, April 20, 2021
Oil, Gas, Energy, Communication, Forward-looking statement, Trust law, Brazos River, Articles

b'Increase in cash reserve held by VOC Brazos Energy Partners, L.P.\nThis press release contains forward-looking statements.

Key Points: 
  • b'Increase in cash reserve held by VOC Brazos Energy Partners, L.P.\nThis press release contains forward-looking statements.
  • Although VOC Brazos Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners, L.P. believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210420006142/en/\n'

Mesa Royalty Trust Announces There Will Be No Distribution for April 2021

Retrieved on: 
Tuesday, April 20, 2021
Oil, Gas, Energy, Oil and gas law, Law, Common law, Equity, Inheritance, Trust law, Royalty payment, Oil and gas law in the United States, Articles, Property law

Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.

Key Points: 
  • Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions.
  • The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty.
  • The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.\n"

Northern Trust Corporation Reports First Quarter 2021 Financial Results

Retrieved on: 
Tuesday, April 20, 2021
Banking, Other Professional Services, Professional services, Finance, Enron scandal, Northern Trust, Trust law

b'Northern Trust Corporation has released its first quarter 2021 financial results.

Key Points: 
  • b'Northern Trust Corporation has released its first quarter 2021 financial results.
  • Results can be found on Northern Trust\xe2\x80\x99s website at:\nNorthern Trust\xe2\x80\x99s first quarter earnings conference call will be webcast on April 20, 2021.
  • As of March 31, 2021, Northern Trust had assets under custody/administration of US $14.8 trillion, and assets under management of US $1.4 trillion.
  • For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation.

First Trust Lists April Series of Target Outcome Buffer ETFs

Retrieved on: 
Monday, April 19, 2021
Professional services, Finance, Investment funds, Unit investment trust, Equity, Exchange-traded fund, Mutual fund, Trust law, Draft:Buffer investment strategy

The upside cap is set by a fund on inception date of the Target Outcome Period and is dependent upon market conditions at the time.

Key Points: 
  • The upside cap is set by a fund on inception date of the Target Outcome Period and is dependent upon market conditions at the time.
  • At the end of the Target Outcome Period, the upside cap for the new Target Outcome Period is reset to prevailing market conditions.
  • First Trust is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • Today, Cboe Vest\xe2\x80\x99s Target Outcome StrategiesTM are available in mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), collective investment trusts (CITs), and customizable managed accounts / sub-advisory services.

Hugoton Royalty Trust Declares No April Cash Distribution

Retrieved on: 
Tuesday, April 20, 2021
Law, Equity, Contract law, Private law, Common law, Inheritance, Trust law, Articles, Trustee, Indenture, Trust Indenture Act, Indemnity

b'(a) Sales volumes are recorded in the month the Trust receives the related net profits income.

Key Points: 
  • b'(a) Sales volumes are recorded in the month the Trust receives the related net profits income.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.
  • The right to indemnification would include reimbursement from proceeds received from a sale of the Trust\'s assets, if any.

Hearby.com Partners with Music Venue Trust (MVT) to Aid in Tracking UK Live Music Activity

Retrieved on: 
Thursday, April 15, 2021
Data management, Entertainment, Other Entertainment, Technology, General Entertainment, Music, Events, Concerts, Music Venue Trust, Venue, Trust law

b'AI-driven live music tracker Hearby.com has forged a partnership with Music Venue Trust (MVT) to provide comprehensive, real-time event information on the return of live music.

Key Points: 
  • b'AI-driven live music tracker Hearby.com has forged a partnership with Music Venue Trust (MVT) to provide comprehensive, real-time event information on the return of live music.
  • According to CEO Mark Davyd, "We are working closely with the UK government and other key stakeholders to bring about the comeback of live music.
  • "\nFor Hearby\xe2\x80\x99s creators, Area4 Labs Inc., working with Music Venue Trust will help keep live show information accurate in uncertain times as venues return from Covid, explained Area4 Labs CEO, Gary Halliwell.
  • News\nAbout Music Venue Trust: Founded in 2014, Music Venue Trust is a registered charity that seeks to preserve, secure and improve the UK\xe2\x80\x99s network of small to medium scale, mostly independently run, music venues.

Northern Trust Wealth Management Announces Central Region Leadership Changes

Retrieved on: 
Monday, April 12, 2021
Banking, Professional services, Finance, Enron scandal, Northern Trust, Trust law, Financial endowment, Wealth, Trust, Articles

b'Northern Trust (Nasdaq: NTRS) today announced leadership changes in two of its Central Region markets.

Key Points: 
  • b'Northern Trust (Nasdaq: NTRS) today announced leadership changes in two of its Central Region markets.
  • Daniel Pienta is retiring as Wealth Management President of Eastern Michigan, and Brian Hughes will assume the role.\n\xe2\x80\x9cWe are grateful for the long-standing stewardship consistently exhibited by Jim and Dan,\xe2\x80\x9d said John Fumagalli, President of the Central Region at Northern Trust.
  • He joined Northern Trust in 2005 and prior to his role in Milwaukee, served as Investment Team Leader for Northern Trust in Lake Forest, Illinois.
  • He is an acting member of the Steelcase Foundation Investment Committee.\nNorthern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses.

Land Trust Alliance Announces First Awards Through Remote Monitoring Grant Program

Retrieved on: 
Wednesday, April 14, 2021
Land trust, Land Trust Alliance, Articles, Trust law, Natural environment, Conservation biology, Biology

"This is a moment when so many are looking for ways to do more as we continue to work remotely.

Key Points: 
  • "This is a moment when so many are looking for ways to do more as we continue to work remotely.
  • "We look forward to working with these land trusts to evaluate results of the different technologies used and promote peer-learning opportunities to engage the broader land trust community.
  • "\nFor more information about how any specific grant award will be used, contact the land trust.\nFounded in 1982, the Land Trust Alliance is a national land conservation organization that works to save the places people need and love by strengthening land conservation across America.
  • The Alliance represents 1,000 member land trusts supported by more than 200,000 volunteers and 4.6 million members nationwide.