Funds

Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

Friday, November 22, 2019 - 9:59pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7.5% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7.5% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • In addition, the Board of Trustees of the Wells Fargo Utilities and High Income Fund approved a change to the funds investment strategy.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.

Vivaldi Opportunities Fund (NYSE: VAM) Declares Monthly Distribution of $0.11642 Per Share

Friday, November 22, 2019 - 8:11pm

Angel Oak Capital Advisors, LLC and RiverNorth Capital Management, LLC each serve as a Sub-Advisor to the Fund.

Key Points: 
  • Angel Oak Capital Advisors, LLC and RiverNorth Capital Management, LLC each serve as a Sub-Advisor to the Fund.
  • Founded in 2013, Vivaldi specializes in structuring and managing both single and multi-strategy registered public funds.
  • Vivaldi prides itself on its ability to combine rigorous research and risk management processes with disciplined portfolio construction and management.
  • The share price of a closed-end fund is based on the markets value for the Funds share.

Forge Appoints First CRO to Accelerate Customer Portfolio Expansion and Revenue Growth

Thursday, November 21, 2019 - 2:00pm

Forge witnessed major growth and marketplace adoption this year as more investors, financial institutions, and private companies took advantage of our expanding capital innovation product suite and service portfolio, said CEO of Forge, Kelly Rodriques.

Key Points: 
  • Forge witnessed major growth and marketplace adoption this year as more investors, financial institutions, and private companies took advantage of our expanding capital innovation product suite and service portfolio, said CEO of Forge, Kelly Rodriques.
  • A former U.S. Navy SEAL, Cobos joins Forge with more than 15 years of experience in finance and technology.
  • This year, Forge expanded its customer and product portfolio as marketplace demand grew within the investor community, private market, and financial services sector.
  • Forge Global Inc. is a premier trading, settlement, and custody partner for a wide range of investors in the private markets.

Faircourt Asset Management Inc. Announces November Distributions

Wednesday, November 20, 2019 - 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.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1325 Per Share for December

Wednesday, November 20, 2019 - 9:38pm

The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income.

Key Points: 
  • The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund will seek to achieve its investment objectives by investing in preferred and other income-producing securities.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • Stonebridge Advisors LLC ("Stonebridge"), the Fund's investment sub-advisor, is a registered investment advisor specializing in preferred and hybrid securities.

First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.121 Per Share for December

Wednesday, November 20, 2019 - 9:31pm

Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.121 per share.

Key Points: 
  • Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.121 per share.
  • Accordingly, you should not draw any conclusions about the Fund's investment performance from the amount of any distribution or from the terms of the Plan.
  • This distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax deferred return of capital.
  • The Fund is a non-diversified, closed-end management investment company that seeks to provide a high level of current income.

First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.077 Per Share for December

Wednesday, November 20, 2019 - 9:19pm

First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.077 per share payable on December 16, 2019, to shareholders of record as of December 3, 2019.

Key Points: 
  • First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.077 per share payable on December 16, 2019, to shareholders of record as of December 3, 2019.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.0825 Per Share for December

Wednesday, November 20, 2019 - 9:15pm

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0825 per share payable on December 16, 2019, to shareholders of record as of December 3, 2019.

Key Points: 
  • First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0825 per share payable on December 16, 2019, to shareholders of record as of December 3, 2019.
  • The Fund's primary investment objective is to seek a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • Interest rate risk is the risk that fixed-income securities will decline in value because of changes in market interest rates.

Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for October 2019

Tuesday, November 19, 2019 - 8:48pm

CHICAGO, Nov. 19, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for October 2019.

Key Points: 
  • CHICAGO, Nov. 19, 2019 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for October 2019.
  • Morningstar estimates net flow for mutual funds by computing the change in assets not explained by the performance of the fund, and net flow for U.S. ETFs using changes in shares outstanding.
  • Morningstar's report about U.S. fund flows for October is available here .
  • Morningstar's Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC.

PEF Services Releases White Paper on Fund Administration Technology

Tuesday, November 19, 2019 - 2:33pm

WEST ORANGE,N.J., Nov. 19, 2019 /PRNewswire/ --PEF Services, a leading fund administrator for Alternative Investment Managers, today announced the release of a new white paper entitled " Fund Administration Technology ."

Key Points: 
  • WEST ORANGE,N.J., Nov. 19, 2019 /PRNewswire/ --PEF Services, a leading fund administrator for Alternative Investment Managers, today announced the release of a new white paper entitled " Fund Administration Technology ."
  • Drawing on PEF's extensive fund administration expertise ,and knowledge on the subject of fund administration technology and performance reporting, this white paper highlights how General Partners (GPs) can benchmark their digital maturity, evaluate their technology requirements, and select the options that best meet their internal requirements and investor expectations.
  • While the adoption of fund administration technology is accelerating, many GPsand even some 3rd party fund administration firmsstill rely on manual processes to administer funds.
  • PEF Services is the new standard in providing high-value, high-touch Fund Administration services and technology solutions that elevate operational performance to drive and support sustainable growth.