Closed-end fund

Global donors pledge over US$777 million to defeat neglected tropical diseases and improve the lives of 1.6 billion people at the Reaching the Last Mile Forum at COP28

Retrieved on: 
Sunday, December 3, 2023
Philanthropy, Health, Infectious Diseases, Other Health, Fund Raising, Foundation, General Health, Lymphatic filariasis, Global health, Climate change, WHO, Investment, Map, Public holidays in Turkmenistan, ANESVAD Foundation, Onchocerciasis, Conference, Quality of life, RLM, NTD, Organization, Prevalence, USAID, Multimedia, Melinda French Gates, Helmsley, Neglected tropical diseases, Carter Center, Closed-end fund, Face, Bill, The Fred Hollows Foundation, Foreign Affairs, Laboratory, Infection, Partnership, World Health Organization, Research, Dracunculiasis, Hope, COP28, Carter, Poverty, Demographics of Tanzania, LF, RVNG Intl., Trypanosomiasis, Medical device, Renewable energy, Pharmaceutical industry, Agriculture, Sanitation

The forum took place on the first ever Health Day during the United Nations Climate Change Conference (COP28).

Key Points: 
  • The forum took place on the first ever Health Day during the United Nations Climate Change Conference (COP28).
  • His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, UAE, was joined by world leaders including H.E.
  • Dr Austin Demby, Minister of Health and Sanitation, Sierra Leone, in a demonstration of endemic country leadership against NTDs.
  • The collaborative efforts of countries and global donors exemplify an unwavering dedication to improving the lives of the 1.6 billion people affected by these diseases.

BlackRock Enhanced Government Fund, Inc. Announces Expiration of Annual Repurchase Offer

Retrieved on: 
Tuesday, November 14, 2023
Asset Management, Professional Services, Finance, Closed-end fund, Eastern Time Zone, BlackRock, NYSE, Fund, CUSIP, EGF, Computershare, Security (finance), Share (finance)

BlackRock Enhanced Government Fund, Inc. (the “Fund”) (NYSE: EGF, CUSIP: 09255K108) announced the expiration of the Fund’s annual repurchase offer for its shares of common stock (the “Repurchase Offer”).

Key Points: 
  • BlackRock Enhanced Government Fund, Inc. (the “Fund”) (NYSE: EGF, CUSIP: 09255K108) announced the expiration of the Fund’s annual repurchase offer for its shares of common stock (the “Repurchase Offer”).
  • The Repurchase Offer and withdrawal rights expired at 5:00 p.m., Eastern Time, on November 14, 2023.
  • A repurchase amount of 5% of the Shares outstanding as of November 14, 2023 would represent approximately 196,760 Shares.
  • For client-specific information regarding the Repurchase Offer, please contact your broker or financial advisor, or in the case of registered stockholders, Computershare Trust Company, N.A., which is acting as the depositary agent in connection with the Repurchase Offer.

The Herzfeld Caribbean Basin Fund, Inc. Announces Estimated Subscription Price for Rights Offering

Retrieved on: 
Friday, November 3, 2023
Sale, Commission, Security (finance), Dominican Republic, Rights, Closed-end fund, Investment, Commonwealth, Prospectus, Fund, NAV

The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).

Key Points: 
  • The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).
  • Investing in companies of Caribbean Basin Countries may present certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes and market risks.
  • Participating stockholders will be required to initially pay for the shares subscribed for in the Rights Offering as well as any additional shares subscribed for as part of the over-subscription privilege at the estimated subscription price.
  • The final terms of the Rights Offering may be different from those discussed above.

The Herzfeld Caribbean Basin Fund, Inc. Updates Important Dates for Rights Offering

Retrieved on: 
Tuesday, October 24, 2023
Sale, Commission, Security (finance), Dominican Republic, Policy, Closed-end fund, Investment, Commonwealth, Rights, Prospectus, Fund, Netherlands Antilles, NAV, Cryptocurrency

The formal offer and detailed terms of the tender offer will be announced following the conclusion of the Rights Offer.

Key Points: 
  • The formal offer and detailed terms of the tender offer will be announced following the conclusion of the Rights Offer.
  • The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).
  • Investing in companies of Caribbean Basin Countries may present certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes and market risks.
  • Before investing in the Fund, investors should carefully consider the investment objective, risks, and charges and expenses of the Fund.

The Herzfeld Caribbean Basin Fund, Inc. Announces Important Dates for Rights Offering

Retrieved on: 
Friday, October 20, 2023
Sale, Commission, Security (finance), Dominican Republic, Policy, Closed-end fund, Investment, Commonwealth, Rights, Prospectus, Fund, Netherlands Antilles, NAV, Cryptocurrency

The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).

Key Points: 
  • The Fund is a non-diversified, closed-end fund managed by HERZFELD/CUBA, a division of Thomas J. Herzfeld Advisors, Inc. (based in Miami Beach).
  • Investing in companies of Caribbean Basin Countries may present certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes and market risks.
  • Before investing in the Fund, investors should carefully consider the investment objective, risks, and charges and expenses of the Fund.
  • The formal offer and detailed terms of the tender offer will be announced following the conclusion of the Rights Offer.

BlackRock Enhanced Government Fund, Inc. Announces Upcoming Repurchase Offer

Retrieved on: 
Friday, October 6, 2023
Asset Management, Professional Services, Finance, EGF, CUSIP, Repurchase agreement, Computershare, NYSE, Fund, NAV, Closed-end fund, Security (finance), Cryptocurrency, Share (finance)

Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (the "Shares") from its stockholders (the "Repurchase Offer") will commence on October 13, 2023.

Key Points: 
  • Today, BlackRock Enhanced Government Fund, Inc. (the "Fund") (NYSE: EGF, CUSIP: 09255K108) announced that the annual offer to repurchase outstanding shares of common stock (the "Shares") from its stockholders (the "Repurchase Offer") will commence on October 13, 2023.
  • The Repurchase Offer is scheduled to expire on November 14, 2023, unless extended, with payment for the Shares repurchased to be made on or before November 22, 2023.
  • The Fund has established a record date of September 29, 2023 solely for the purpose of identifying stockholders eligible to receive Repurchase Offer materials.
  • For client-specific information regarding the Repurchase Offer, please contact your broker or financial advisor, or in the case of registered stockholders, Computershare Trust Company, N.A., which will act as the Depositary Agent in connection with the Repurchase Offer.

Gabelli Funds Presents Back to the Future with Closed-End Funds

Retrieved on: 
Friday, June 2, 2023
Great Depression, Growth, ETF, Closed-end fund, Senior, Internet, Mario Gabelli, Depression, Video game

RYE, N.Y., June 01, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is pleased to present an entertaining and educational video tracing the incredible growth of The Closed-End Fund industry over the last four decades.

Key Points: 
  • Though they are often overlooked, Closed-End Funds are one of the oldest forms of pooled investment vehicles, even predating more widely recognizable mutual funds and ETFs.
  • The video highlights many closed-end funds that survived the Great Depression and continue to trade today on the New York Stock Exchange, offering investors access to extraordinary long-term investment results.
  • The video features how closed end funds have grown from approximately $9 billion in only a few dozen funds in 1985 to the present figure of $251 billion across 441 funds.
  • David Schachter, Senior Vice President at Gabelli Funds, takes you from newspapers to the internet and reviews the role Gabelli Closed-End Funds have played in the remarkable evolution of Closed-End Funds.

Orbis and partners mark historic 100 millionth dose of sight-saving antibiotic azithromycin in the fight to eliminate blinding trachoma in Ethiopia by 2030

Retrieved on: 
Tuesday, May 16, 2023
Orbis, Infection, Closed-end fund, State, Human, Azithromycin, Eyelash, SAFE, Senior advisor, Eye, Scar, Paratriathlon, Qatar Fund for Development, Ministry, School, Orbis International, Risk, Sanitation, Water, Biophysical environment, WHO, Ministry of Health, World Health Organization, Disease, Pharmaceutical industry, Vaccine, Trachoma, Health, Euromoney

NEW YORK, May 16, 2023 /PRNewswire/ -- Eye care nonprofit Orbis International today announced that it has distributed 100 million doses of azithromycin antibiotics in Ethiopia. This is part of ongoing efforts to eliminate trachoma, an infectious, painful, and blinding eye disease, by 2030, in line with World Health Organization goals.

Key Points: 
  • This is part of ongoing efforts to eliminate trachoma, an infectious, painful, and blinding eye disease, by 2030, in line with World Health Organization goals.
  • Local children performed a play during a celebration to mark the moment, and community leaders blessed the giving of the historic dose.
  • So, while the work continues, today has a special meaning to all involved in working to eliminate trachoma in Ethiopia."
  • In 2022, Orbis and its partners distributed 3.4 million antibiotic doses for trachoma control and elimination within Ethiopia.

Firsthand Technology Value Fund Discloses Top Portfolio Holdings

Retrieved on: 
Thursday, April 6, 2023
Professional Services, Medical Devices, Technology, Environment, Semiconductor, Satellite, Green Technology, Engineering, Finance, Other Technology, Manufacturing, Health, Completeness, Intraoperative electron radiation therapy, Intraoperative radiation therapy, Bank statement, Cancer, ASX, CMP, Closed-end fund, Patient, Investment, Fund, Total, Cryptocurrency, Security (finance)

Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of February 28, 2023, were IntraOp Medical, Wrightspeed, Hera Systems, Revasum, and EQX Capital.

Key Points: 
  • Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its top five holdings as of February 28, 2023, were IntraOp Medical, Wrightspeed, Hera Systems, Revasum, and EQX Capital.
  • As of February 28, 2023, the Fund’s investment in IntraOp consisted of preferred stock plus debt securities and represented approximately 39.3% of the Fund’s estimated total investments.
  • *
    The Fund also announced that as of February 28, 2023, the estimated total investments* of the Fund were approximately $42.5 million, or $6.32 per share, including cash and cash equivalents of approximately $0.15 per share.
  • As of that date, the Fund’s top five holdings constituted 96.6% of the Fund’s estimated total investments.

S Split Corp. Announces Year End Results

Retrieved on: 
Wednesday, March 29, 2023
TSX, Toronto Stock Exchange, Bank, Closed-end fund, SBN, Scotiabank, Fund, BNS, NAV, Security (finance)

TORONTO, March 29, 2023 (GLOBE NEWSWIRE) -- (TSX: SBN; SBN.PR.A) S Split Corp. (the “Fund”) announces results of operations for the year ended December 31, 2022.

Key Points: 
  • TORONTO, March 29, 2023 (GLOBE NEWSWIRE) -- (TSX: SBN; SBN.PR.A) S Split Corp. (the “Fund”) announces results of operations for the year ended December 31, 2022.
  • Decrease in net assets attributable to holders of Class A shares amounted to $2.64 million or $5.22 per Class A share.
  • As at December 31, 2022, net assets attributable to holders of Class A shares were $1.36 million or $3.03 per Class A share.
  • The Fund’s Preferred and Class A shares are listed on Toronto Stock Exchange under the symbols SBN.PR.A and SBN respectively.