Net asset value

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

Retrieved on: 
Friday, December 29, 2023
Asset Management, Professional Services, Finance, Internal Revenue Code, FTA, Fund, FTP, Risk, ERISA, FINRA, Terrorism, Net asset value, Notice, AIB (NI), Infection, Hamas, Uncertainty, Calendar, COVID-19, Federal Reserve, Investment, Federal, Movement, Judgement, Security (finance)

(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
NAV, Culture, Attention, Fear, CFO, OUR, Crescent, Wind, Executive Committee, Tenant, Net asset value, CIO, Controller, YOU, Behavior, XXI, Committee on Finance, General counsel, Face, Entrenchment, Judgement, Environment

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
Prospectus, Fund, PwC, Net asset value, Security (finance)

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
Policy, Conference, Cravath, Swaine & Moore, LLP, Health, Net asset value, Growth, Transport, Safety, Organization, Spyros Capralos

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.

Filing of a draft information document prepared by EURO Ressources in response of the buy-out offer followed by a squeeze-out initiated by IAMGOLD France SAS

Retrieved on: 
Wednesday, December 6, 2023
Committee, IAMGOLD, Segment, Iamgold, News, Squeeze-out, Draft, AMF, Accounting, EURO, Buyout, Party, Mining, Rosebel gold mine, Sale, Net asset value, Remire-Montjoly, Element

This news release has been prepared by EURO Ressources pursuant to article 231-26 of the General Regulations of the AMF.

Key Points: 
  • This news release has been prepared by EURO Ressources pursuant to article 231-26 of the General Regulations of the AMF.
  • The offer and the draft offer document filed by IAMGOLD France SAS and the draft information document in response from EURO RESSOURCES are subject to review by the AMF.
  • Natixis guarantees the content and the irrevocable nature of the undertakings made by IAMGOLD France in connection with the Offer.
  • a maximum number of 6,249,128 Shares representing 9.99999983998% of the share capital and 5.60% voting rights of EURO Ressources.

KBRA Assigns a Rating to the Class A Notes Issued by White Rose CFO 2023 Holdings, LLC

Retrieved on: 
Thursday, December 28, 2023
Professional Services, Finance, Thrivent, Partnership, Jules Kroll, Acquisition, Note, KBRA, LP, European, Transaction, Net asset value, Asset, Loan, ESG, Disclosure, Insurance, Policy, Security (finance)

KBRA assigns a rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.

Key Points: 
  • KBRA assigns a rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.
  • The Notes are indirectly backed by limited partnership (LP) interests in five different White Rose Funds of Funds (the "White Rose Funds"), which in turn hold a diversified pool of interests in private funds.
  • In aggregate, the White Rose Funds hold LP interests in 70 unique seasoned funds managed by 58 unique general partners (GP).
  • The allocable portion of the White Rose Funds that support the repayment of the Notes has a Net Asset Value of approximately $800 million and unfunded capital commitments of approximately $127 million as of October 31, 2023.

First Trust Energy Infrastructure Fund Issues Notice Regarding December 2023 Distribution

Retrieved on: 
Friday, December 15, 2023
Professional Services, Finance, Hamas, Terrorism, FTA, MLP, Fund, Notice, Master limited partnership, Risk, Investment, Federal, Internal Revenue Code, Total return swap, Calendar, Uncertainty, AIB (NI), EIP, Hedge fund, COVID-19, FTP, FINRA, London Interbank Bid Rate, Judgement, Infection, ERISA, Federal Reserve, LIBOR, Net asset value, Life insurance, Financial adviser, Bank, Security (finance)

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.

KBRA Assigns a Preliminary Rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC

Retrieved on: 
Friday, December 8, 2023
Professional Services, Finance, Disclosure, KBRA, Acquisition, Transaction, Thrivent, Jules Kroll, Insurance, European, Note, Partnership, ESG, LP, Loan, Net asset value, Policy, Security (finance), Telescopic sight, Asset

KBRA assigns a preliminary rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.

Key Points: 
  • KBRA assigns a preliminary rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.
  • The Notes are indirectly backed by limited partnership (LP) interests in five different White Rose Funds of Funds (the "White Rose Funds"), which in turn hold a diversified pool of interests in private funds.
  • In aggregate, the White Rose Funds hold LP interests in 70 unique seasoned funds managed by 58 unique general partners (GP).
  • KBRA’s preliminary rating also considers the ability of Thrivent to fulfill its servicing and financial obligations for this transaction.

Fairway Private Equity & Venture Capital Opportunities Fund Announces Third Quarter Results

Retrieved on: 
Wednesday, November 29, 2023
Professional Services, Finance, Corporation, KPMG, Fund, TD Securities, Financial analyst, Boeing, Investment, Risk, GCM Grosvenor, Venture capital, Partner, Agreement, Goldman Sachs, Portfolio company, DLJ, Private equity fund, Adviser, Interview, Private equity, Partnership, Prospectus, Acquisition, Growth, Geode Capital Management, Merrill (company), Environment, Net asset value, Cryptocurrency, Security (finance), Financial services, Financial adviser, Bank, Fairway, Portfolio, Trust

Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.59% in the quarter ended September 30, 2023.

Key Points: 
  • Fairway Capital Management (“Fairway”), an investment management firm founded by a team of five colleagues that formerly worked together at Adams Street Partners, announced today that Fairway Private Equity & Venture Capital Opportunities Fund (the “Fund”) increased in Net Asset Value by 2.59% in the quarter ended September 30, 2023.
  • 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.
  • Fairway Capital Management is an investment manager focused on private equity and venture capital investments, headquartered in Chicago.