Net asset value

BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Five Municipal Closed-End Funds

Thursday, January 21, 2021 - 11:00pm

It is currently expected that the Reorganizations will be completed in the end of the first quarter of 2021, subject to the satisfaction of customary closing conditions.

Key Points: 
  • It is currently expected that the Reorganizations will be completed in the end of the first quarter of 2021, subject to the satisfaction of customary closing conditions.
  • Each Reorganization, if completed, would occur based on the relative net asset values of the common shares of the applicable Funds.
  • This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.
  • Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal Closed-End Funds

Thursday, January 21, 2021 - 11:00pm

Shareholders of each of BSE and BFY previously approved the applicable Reorganization at a joint special meeting of shareholders.

Key Points: 
  • Shareholders of each of BSE and BFY previously approved the applicable Reorganization at a joint special meeting of shareholders.
  • Each Reorganization, if completed, would occur based on the relative net asset values of the common shares of the applicable Funds.
  • This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.
  • Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

BlackRock Announces Results of Shareholder Vote at Adjourned Joint Special Shareholder Meeting Relating to the Reorganizations of Four Municipal Closed-End Funds

Thursday, January 21, 2021 - 11:00pm

Shareholders of BlackRock Municipal Income Investment Trust (NYSE: BBF and collectively with BSD, MFT and BLE, the Funds, and each, a Fund) previously approved the Reorganization of BBF with and into BLE at a joint special meeting of shareholders.

Key Points: 
  • Shareholders of BlackRock Municipal Income Investment Trust (NYSE: BBF and collectively with BSD, MFT and BLE, the Funds, and each, a Fund) previously approved the Reorganization of BBF with and into BLE at a joint special meeting of shareholders.
  • Each Reorganization, if completed, would occur based on the relative net asset values of the common shares of the applicable Funds.
  • This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the Funds.
  • Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

John Hancock Closed-end Funds Announce Renewal of Share Repurchase Plans

Wednesday, January 20, 2021 - 9:17pm

BOSTON, MA, Jan. 20, 2021 /PRNewswire/ -John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Income Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), and John Hancock Tax-Advantaged Global Shareholder Yield (NYSE: HTY)(each a "Fund" and collectively, the "Funds")announced today that the Board of Trustees has renewed the Funds' share repurchase plans.

Key Points: 
  • BOSTON, MA, Jan. 20, 2021 /PRNewswire/ -John Hancock Financial Opportunities Fund (NYSE: BTO), John Hancock Hedged Equity & Income Fund (NYSE: HEQ), John Hancock Income Securities Trust (NYSE: JHS), John Hancock Investors Trust (NYSE: JHI), John Hancock Premium Dividend Fund (NYSE: PDT), John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD), and John Hancock Tax-Advantaged Global Shareholder Yield (NYSE: HTY)(each a "Fund" and collectively, the "Funds")announced today that the Board of Trustees has renewed the Funds' share repurchase plans.
  • The Board of Trustees approved the renewal of the share repurchase plans as part of its ongoing evaluation of options to enhance shareholder value and potentially decrease the discount between the market price and the net asset value per share ("NAV") of the Funds' common shares.
  • The share repurchase plans allow the repurchase of common shares in the open market at a discount to NAV.
  • The plans could allow the Funds to realize incremental accretion to their NAV to the benefit of existing shareholders.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Fund

Wednesday, January 20, 2021 - 9:26pm

Principal Risk Factors: A Fund's shares will change in value, and you could lose money by investing in a Fund.

Key Points: 
  • Principal Risk Factors: A Fund's shares will change in value, and you could lose money by investing in a Fund.
  • An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.
  • Unlike a Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by a Fund.
  • Market risk is the risk that a particular security owned by a Fund, Fund shares or securities in general may fall in value.

PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Closed End Funds

Wednesday, January 20, 2021 - 6:50pm

The Manager, PIMCO Canada, retains Pacific Investment Management Company, LLC (PIMCO), to provide investment management services to the Funds.

Key Points: 
  • The Manager, PIMCO Canada, retains Pacific Investment Management Company, LLC (PIMCO), to provide investment management services to the Funds.
  • Closed end funds, unlike open end funds, are not continuously offered.
  • After the initial public offering, shares of closed end funds are sold on the open market through a stock exchange.
  • Units of closed end funds frequently trade at a discount to their net asset value, which may increase risk of loss.

Nuveen Asset Management Provides Senior Loan Update

Wednesday, January 20, 2021 - 5:09pm

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 investment fund and may receive less than the current net asset value when selling them.

Key Points: 
  • 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 investment fund and may receive less than the current net asset value when selling them.
  • There are ongoing fees and expenses associated with owning units of an investment fund.
  • An investment fund must prepare disclosure documents that contain key information about the Fund.
  • These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

BLOK ETF Celebrates 3-Year Anniversary, Surpasses $500 Million in Assets

Wednesday, January 20, 2021 - 1:00pm

For performance data current to the most recent month-end please call 855-267-3837 or visit BLOKETF.com .

Key Points: 
  • For performance data current to the most recent month-end please call 855-267-3837 or visit BLOKETF.com .
  • The Funds gross expense ratio is 0.90%, with a 0.20% fee waiver1 that makes the net expense ratio 0.70%.
  • 1Pursuant to a contractual agreement, the Funds investment adviser has agreed to waive management fees of 0.20% of average daily net assets until March 1, 2021.
  • Amplify Investments LLC is the Investment Adviser to the Fund, and Toroso Investments, LLC serves as the Investment Sub-Adviser.

 Franklin Limited Duration Income Trust Declares Monthly Distribution

Tuesday, January 19, 2021 - 5:00pm

Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0786 per common share, payable February 12, 2021, to shareholders of record on January 29, 2021 (Ex-Dividend Date: January 28, 2021).

Key Points: 
  • Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0786 per common share, payable February 12, 2021, to shareholders of record on January 29, 2021 (Ex-Dividend Date: January 28, 2021).
  • The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Funds common shares.
  • Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level.
  • Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries.

First Trust Energy Infrastructure Fund Issues Notice Regarding January 2021 Distribution

Friday, January 15, 2021 - 9:31pm

A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.
  • 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.