Net asset value

The Herzfeld Caribbean Basin Fund, Inc. Commences Tender Offer for up to 10% of Outstanding Common Shares

Retrieved on: 
Tuesday, February 20, 2024

MIAMI BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”).

Key Points: 
  • MIAMI BEACH, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”).
  • Under the terms of the Tender Offer the Fund is offering to purchase up to 10% of outstanding shares of the Fund at 97.5% of NAV.
  • Shareholders of the Fund should read the Offer to Purchase, the Letter of Transmittal and related exhibits, as they will contain important information about the Tender Offer.
  • Requests for more information, questions and requests for additional copies of the offer materials, please contact EQ Fund Solutions, LLC, the Information Agent for the Tender Offer, at (877) 291-1738.

Fairway Private Equity & Venture Capital Opportunities Fund Announces Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, March 6, 2024

Fairway Capital Management (“Fairway”) announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.82% in the quarter ended December 31, 2023.

Key Points: 
  • Fairway Capital Management (“Fairway”) announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.82% in the quarter ended December 31, 2023.
  • In launching the fund, our goal was to deliver a truly institutional-quality private equity and venture capital portfolio in a '40 Act fund structure.
  • As a ’40 Act fund, Fairway Private Equity & Venture Capital Opportunities Fund offers greater flexibility than a traditional, institutionally oriented private equity investment vehicle.
  • The Fairway team includes veteran private equity professionals with total collective experience of 100+ years and deep relationships with many leading private equity and venture capital General Partners.

Pebblebrook Hotel Trust Reports 2023 Results and Provides 2024 Outlook

Retrieved on: 
Wednesday, February 21, 2024

1 Hotel San Francisco is excluded from Jan-Jun since it was closed in the first half of 2022 for redevelopment and reflagging.

Key Points: 
  • 1 Hotel San Francisco is excluded from Jan-Jun since it was closed in the first half of 2022 for redevelopment and reflagging.
  • Hotel Zoe Fisherman’s Wharf is included in Jan-Sep only due to its subsequent sale.
  • “This momentum underscores strong urban recovery trends, which we anticipate will continue in 2024, barring any major negative movement in the economy.
  • However, the Company anticipates recognizing $11 million in business interruption proceeds in 2024, which is reflected in the Company’s full-year outlook.

First Trust Energy Infrastructure Fund Issues Notice Regarding February 2024 Distribution

Retrieved on: 
Thursday, February 15, 2024

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.

Oxford Park Income Fund, Inc. Provides January Net Asset Value Update

Retrieved on: 
Thursday, February 15, 2024

GREENWICH, Conn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Oxford Park Income Fund, Inc. (“Oxford Park”, “the Fund”, “our”) announced today the Net Asset Value (“NAV”) as of January 31, 2024 was $28.13 per share of common stock.

Key Points: 
  • GREENWICH, Conn., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Oxford Park Income Fund, Inc. (“Oxford Park”, “the Fund”, “our”) announced today the Net Asset Value (“NAV”) as of January 31, 2024 was $28.13 per share of common stock.
  • The fair value of the Fund’s portfolio investments may be materially impacted after January 31, 2024 by circumstances and events that are not yet known.
  • To the extent the Fund’s portfolio investments are impacted by market volatility in the U.S. or worldwide, the Fund may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments.
  • The financial data included in this press release has been prepared by, and is the responsibility of, Oxford Park Income Fund, Inc.'s management.

First Trust Energy Infrastructure Fund Issues Notice Regarding January 2024 Distribution

Retrieved on: 
Tuesday, January 16, 2024

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.

First Trust Enhanced Equity Income Fund Issues Notice Regarding December 2023 Distribution

Retrieved on: 
Friday, December 29, 2023

(2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.

Key Points: 
  • (2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Allen Hartman and the Hartman Group, Largest Stockholder of Silver Star Properties, Announces Opposition to Company’s Consent Solicitation

Retrieved on: 
Thursday, December 14, 2023

Silver Star’s Board is presently composed of four directors, Jack I. Tompkins, Gerald W. Haddock and James S. Still, and Hartman.

Key Points: 
  • Silver Star’s Board is presently composed of four directors, Jack I. Tompkins, Gerald W. Haddock and James S. Still, and Hartman.
  • There is a crucial difference between an annual meeting and the type of consent solicitation in which Silver Star is engaged.
  • Consider that in contrast, while Hartman served as CEO of Silver Star he received no compensation as an officer.
  • The Hartman Group has a vision for Silver Star that is fundamentally different from that of the Entrenched Directors.

Oxford Park Income Fund, Inc. Provides November Net Asset Value Update

Retrieved on: 
Thursday, December 14, 2023

GREENWICH, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Oxford Park Income Fund, Inc. (“Oxford Park”, “the Fund”, “our”) announced today the Net Asset Value (“NAV”) as of November 30, 2023 was $26.80 per share of common stock.

Key Points: 
  • GREENWICH, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Oxford Park Income Fund, Inc. (“Oxford Park”, “the Fund”, “our”) announced today the Net Asset Value (“NAV”) as of November 30, 2023 was $26.80 per share of common stock.
  • The fair value of the Fund’s portfolio investments may be materially impacted after November 30, 2023 by circumstances and events that are not yet known.
  • To the extent the Fund’s portfolio investments are impacted by market volatility in the U.S. or worldwide, the Fund may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments.
  • The financial data included in this press release has been prepared by, and is the responsibility of, Oxford Park Income Fund, Inc.'s management.

Star Bulk and Eagle Bulk Shipping to Combine, Creating a Global Leader in Dry Bulk Shipping

Retrieved on: 
Monday, December 11, 2023

ATHENS, Greece and STAMFORD, Conn., Dec. 11, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (“Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, and Eagle Bulk Shipping Inc. (NYSE: EGLE) (“Eagle”), one of the world’s largest owner-operators within the midsize dry bulk vessel segment, today announced that the companies have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value (“NAV”) basis with a pro forma market capitalization of approximately $2.1 billion1.

Key Points: 
  • Upon the close of the transaction, Star Bulk and Eagle shareholders will own approximately 71% and 29% of the combined company on a fully diluted basis, respectively.
  • Petros Pappas, Chief Executive Officer of Star Bulk, commented, “Bringing together Star Bulk and Eagle will create a global leader in dry bulk shipping with a large, diversified, scrubber fitted fleet.
  • The combined company will be led by the current management team of Star Bulk and will be joined by certain senior executives of Eagle.
  • Star Bulk and Eagle will host a joint conference call and webcast today at 5:30 p.m.