Closed-end fund

Wells Fargo Utilities and High Income Fund Announces Change to Managed Distribution Plan

Wednesday, August 12, 2020 - 9:27pm

The Wells Fargo Utilities and High Income Fund (NYSE American: ERH), a closed-end fund, announced today that the funds Board of Trustees has approved a change to the funds managed distribution plan.

Key Points: 
  • The Wells Fargo Utilities and High Income Fund (NYSE American: ERH), a closed-end fund, announced today that the funds Board of Trustees has approved a change to the funds managed distribution plan.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Under the managed distribution plan, the fund will distribute available investment income to its shareholders monthly.
  • The fund expects that distributions under the managed distribution plan may exceed investment income.

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

Monday, August 10, 2020 - 9:35pm

FTA has collective assets under management or supervision of approximately $145 billion as of July 31, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $145 billion as of July 31, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Principal Risk Factors: A Fund's shares will change in value, and you could lose money by investing in a Fund.
  • First Trust Municipal CEF Income Opportunity ETF (MCEF) and First Trust CEF Income Opportunity ETF (FCEF) invest in closed-end funds (CEFs).
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.

The Bulldog-Ancora Group Terminates its Tender Offer for Shares of Adams Natural Resources Fund

Tuesday, August 4, 2020 - 2:33pm

Consummation of the Bulldog-Ancora tender offer was conditioned on no competing tender offer having been publicly proposed prior to the Expiration Date.

Key Points: 
  • Consummation of the Bulldog-Ancora tender offer was conditioned on no competing tender offer having been publicly proposed prior to the Expiration Date.
  • On July 29, 2020, PEO announced that its Board of Directors has approved a tender offer whereby PEO would acquire up to 20 percent of the Funds outstanding shares for cash at a price equal to 95% of NAV.
  • Bulldog Investors is an SEC-registered investment advisor that manages Special Opportunities Fund, Inc. (NYSE:SPE), a registered closed-end investment company, and separately managed accounts.
  • Bulldog beneficially holds approximately 1.7% of the outstanding common stock of PEO.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Friday, July 31, 2020 - 10:00pm

No conclusions should be drawn about BKTs investment performance from the amount of the Funds distributions or from the terms of the Funds Plan.

Key Points: 
  • No conclusions should be drawn about BKTs investment performance from the amount of the Funds distributions or from the terms of the Funds Plan.
  • The amount distributed per share under a Plan is subject to change at the discretion of the applicable Funds Board.
  • The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares.
  • BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the Closed-end Funds section of www.blackrock.com as well as certain other material information as necessary from time to time.

Tekla World Healthcare Fund Paid Distribution

Friday, July 31, 2020 - 3:51pm

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.

Key Points: 
  • 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.
  • Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.
  • Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla Healthcare Opportunities Fund (NYSE: THQ), closed-end funds that invest in companies in the healthcare and life sciences industries.
  • Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com .

Tekla Healthcare Opportunities Fund Paid Distribution

Friday, July 31, 2020 - 3:51pm

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.

Key Points: 
  • 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.
  • Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.
  • Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla World Healthcare Fund (NYSE: THW), closed-end funds that invest in companies in the healthcare and life sciences industries.
  • Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com .

Brompton Flaherty & Crumrine Investment Grade Preferred ETF Risk Rating Change

Friday, July 31, 2020 - 1:21pm

FCI was established in 1983 and specializes in US-dollar-denominated preferred securities and corporate debt instruments.

Key Points: 
  • FCI was established in 1983 and specializes in US-dollar-denominated preferred securities and corporate debt instruments.
  • Founded in 2000, Brompton Funds Limited (Brompton) is an experienced investment fund manager with with income focused investment solutions including Toronto Stock Exchange listed closed-end funds and exchange-traded funds.
  • For further information, please contact your investment advisor, call Bromptons investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email us at info@bromptongroup.com or visit our website at www.bromptongroup.com .
  • Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

Kayne Anderson MLP/Midstream Investment Company Provides Strategic Update

Monday, July 27, 2020 - 9:15pm

Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the Company) announced today that its Board of Directors has approved a proposal to change the Companys name to Kayne Anderson Energy Infrastructure Fund, Inc.

Key Points: 
  • Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the Company) announced today that its Board of Directors has approved a proposal to change the Companys name to Kayne Anderson Energy Infrastructure Fund, Inc.
  • Until the change to KYNs investment objective is approved by stockholders, the Company will continue to make investments in accordance with its current investment objective and investment policies.
  • For more information on the Companys strategic update, please see the podcast and presentation titled Closed-End Fund Strategic Update along with the frequently asked questions document posted on www.kaynefunds.com/insights .
  • Kayne Anderson MLP/Midstream Investment Company is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE.

Brompton Funds Declare Distributions

Friday, July 24, 2020 - 10:12pm

Unitholders are reminded that the ETFs offer distribution reinvestment plans (DRIP) which provide unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth.

Key Points: 
  • Unitholders are reminded that the ETFs offer distribution reinvestment plans (DRIP) which provide unitholders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth.
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.
  • Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.
  • 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.

Brompton Funds Declare Distributions

Friday, July 24, 2020 - 10:11pm

Unitholders of CIQ, FFI and class A shareholders of SBC and GDV are reminded that these funds offer distribution reinvestment plans (DRIP) which provide holders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth.

Key Points: 
  • Unitholders of CIQ, FFI and class A shareholders of SBC and GDV are reminded that these funds offer distribution reinvestment plans (DRIP) which provide holders with the ability to automatically reinvest distributions, commission free, and realize the benefits of compound growth.
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including TSX traded closed-end funds and exchange-traded funds.
  • Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
  • Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the funds, to the future outlook of the funds and anticipated events or results and may include statements regarding the future financial performance of the funds.