Closed-end fund

RENN Fund, Inc. Announces Rights Offering for Shares of Common Stock, Record Date and Summary of Terms

Retrieved on: 
Wednesday, December 8, 2021
Banking, Professional Services, Finance, Bangladesh Securities and Exchange Commission, Personal Information Agent, NYSE, Income, Risk, NAV, Horizon, Closed-end fund, Prospectus, Exercise, Security (finance), EST, Date, NYSE MKT, Board, Offering, RCG, Program, Generic drug

For every 3 rights each shareholder receives, such shareholder will be entitled to buy one new share of the Fund (Initial Subscription).

Key Points: 
  • For every 3 rights each shareholder receives, such shareholder will be entitled to buy one new share of the Fund (Initial Subscription).
  • Record Date shareholders who fully exercise their rights under the Offering will be entitled to over-subscribe for any additional shares not purchased (Over-Subscription).
  • The Offering and the rights issued thereunder will expire at 5:00 p.m. (EST) on January 21, 2022, unless extended by the Fund.
  • The Fund expects to mail Subscription Certificates evidencing rights and a copy of the prospectus for the Offering to Record Date shareholders beginning on or about December 17, 2021.

RENN Fund, Inc. Announces Rights Offering for Shares of Common Stock, Record Date and Summary of Terms

Retrieved on: 
Friday, December 3, 2021
Banking, Professional Services, Finance, NAV, Date, Income, NYSE, Closed-end fund, Exercise, Program, Prospectus, EST, Security, Personal Information Agent, Risk, Bangladesh Securities and Exchange Commission, Board, NYSE MKT, Offering, Horizon, RCG, Security (finance), Generic drug

For every 3 rights each shareholder receives, such shareholder will be entitled to buy one new share of the Fund (Initial Subscription).

Key Points: 
  • For every 3 rights each shareholder receives, such shareholder will be entitled to buy one new share of the Fund (Initial Subscription).
  • Record Date shareholders who fully exercise their rights under the Offering will be entitled to over-subscribe for any additional shares not purchased (Over-Subscription).
  • The Offering and the rights issued thereunder will expire at 5:00 p.m. (EST) on January 21, 2022, unless extended by the Fund.
  • The Fund expects to mail Subscription Certificates evidencing rights and a copy of the prospectus for the Offering to Record Date shareholders beginning on or about December 17, 2021.

A World of Opportunity: TD Asset Management Inc. Launches Two New Global Equity Income Solutions

Retrieved on: 
Friday, December 3, 2021
Government, TD, Income, Canada Deposit Insurance Corporation, Asset allocation, Toronto-Dominion Bank, Foundation, Solution, Funding, Prospectus, Overweight, Investment, Today, Closed-end fund, ETF, Life Partners, Inc., Growth, Security (finance), Financial services, Financial adviser

Investors seeking both growth and income can now diversify further with new TD Global Equity Income Pools from TD Asset Management Inc.

Key Points: 
  • Investors seeking both growth and income can now diversify further with new TD Global Equity Income Pools from TD Asset Management Inc.
    TORONTO, Dec. 3, 2021 /CNW/ - Today, TD Asset Management Inc. ("TDAM") announced the launch of two new solutions to its fund-of-fund suite: TD Global Equity Income Balanced Pool and TD Global Equity Income Pool (collectively, the "Pools").
  • The TD Global Equity Income Balanced Pool adds a global fixed income component to form a 75/25 equity to fixed income target mix.
  • Our new TD Global Equity Income Pools provide actively managed global income equity solutions, overweight in exposure to dividend paying equities, to help meet the needs of a wide range of investors.
  • About TD Asset Management Inc.
    TD Asset Management Inc., a member of TD Bank Group, is a North American investment management firm.

BRW - $0.033 November Dividend

Retrieved on: 
Wednesday, December 1, 2021
Professional Services, Finance, Internal Revenue Code, Security (finance), Fund, Sale, Acquisition, Income, Investment Company Act of 1940, NYSE, Closed-end fund, BRW, Compliance, New, Boaz Weinstein, U.S. Securities and Exchange Commission, Borrowing base, Investment, Risk, Board, Gain (electronics), Bank, Life insurance

The amendment or termination of the plan could have an adverse effect on the market price of the Funds common shares.

Key Points: 
  • The amendment or termination of the plan could have an adverse effect on the market price of the Funds common shares.
  • However, determination of the actual source of the foregoing dividend can only be made at year-end.
  • The Funds common shares trade on the New York Stock Exchange under the ticker symbol BRW.
  • The Fund undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF Commences Trading on the TSX

Retrieved on: 
Friday, November 26, 2021
Fund, Ó Flaithbheartaigh, Income, Closed-end fund, Brompton, Conversion, Toronto Stock Exchange, Solution, TSX, CAD, DRIP, FCI, GLOBE, ETF, Security (finance)

TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) -- (TSX: BEPR) Brompton Funds Limited (the Manager and Brompton), the manager of Flaherty & Crumrine Investment Grade Preferred Income Fund (TSX:FFI.UN, the Fund) is pleased to announce that the Fund has completed its conversion from a closed-end fund to an exchange-traded fund (the Conversion).

Key Points: 
  • TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) -- (TSX: BEPR) Brompton Funds Limited (the Manager and Brompton), the manager of Flaherty & Crumrine Investment Grade Preferred Income Fund (TSX:FFI.UN, the Fund) is pleased to announce that the Fund has completed its conversion from a closed-end fund to an exchange-traded fund (the Conversion).
  • Commencing today, the name of the Fund has changed to Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF, and the units of the Fund were redesignated as CAD units.
  • CAD units of the Fund now trade under the new Toronto Stock Exchange (TSX) ticker symbol: BEPR.
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds.

The Astellas Global Health Foundation provides $1.85 million in funding to five organizations focused on improving health and COVID-19 recovery efforts for more than four million people in low-income communities

Retrieved on: 
Wednesday, November 17, 2021
Congo, Hygiene, Democratic republic, Closed-end fund, NTD, Poverty, Woman, Vaccination, Schistosomiasis, Diarrhea, Success, Risk, Mortality, Policy, Lymphatic filariasis, Achievement, Onchocerciasis, World, Disease, Research, Nursing, Action, Water, Neglected tropical diseases, Dispenser, Government, CARE Package, DRC, World Vision International, Religion, Education, Solution, International Medical Corps, Child, COVID19, Multimedia, CARE, Foundation, Accelerator, COVID-19 vaccine, World Bank, Chlorine, Program, Ministry, COVID-19, Goal, Gaps, Goal 3, Corporation, Organization, Ministry of Health (Saudi Arabia), NGO, Drinking water, Pharmaceutical industry, Renewable energy, Hospital, Medicine

This is the second grant The END Fund is receiving from the Foundation.

Key Points: 
  • This is the second grant The END Fund is receiving from the Foundation.
  • World Vision: Reaching ~140,000 vulnerable people, including children, in hard-to-reach communities in Nepal by strengthening its COVID-19 education and vaccine support activities.
  • Programs that receive Foundation funding are designed and implemented by non-profit organizations in alignment with the Foundation's Social Contribution Policy and corporate sustainability focus on improving access to health.
  • In addition to the COVID19 response, our work there focuses on health and nutrition, education, child protection, and livelihoods and resilience.

The New Ireland Fund Announces Renewal of Share Repurchase Program

Retrieved on: 
Friday, November 12, 2021
Share repurchase, Fund, New, Program, Board, GLOBE, Board of directors, NYSE, Time, IRL, Closed-end fund, Security (finance), Financial services

BOSTON, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (the Fund) (NYSE: IRL) today announced that its Board of Directors has authorized the renewal of the Funds share repurchase program.

Key Points: 
  • BOSTON, Nov. 12, 2021 (GLOBE NEWSWIRE) -- The New Ireland Fund, Inc. (the Fund) (NYSE: IRL) today announced that its Board of Directors has authorized the renewal of the Funds share repurchase program.
  • Pursuant to the Boards renewal of the share repurchase program, the Fund may repurchase up to 5% of its outstanding shares of common stock as of November 1, 2021, in the open market, until the Funds fiscal year ending October 31, 2022.
  • The share repurchase program seeks to enhance shareholder value, as repurchases made at a discount will have the effect of increasing the net asset value per share of the Funds remaining shares.
  • There is no assurance that the Fund will purchase shares at any particular discount levels or in any particular amounts.

Rivernorth Opportunities Fund, Inc. Announces Preliminary Results Of Rights Offering

Retrieved on: 
Monday, November 8, 2021
ETF, SS&C, AUM, Fund, Prospectus, Expiration, Security (finance), Offering, Technology, Closed-end fund, Income, Investment, FINRA, Software, LLC, Sale, Board, Annual report, RIV, Bangladesh Securities and Exchange Commission, Rights, Board of directors, SS, NYSE, ALPS, VinaCapital Vietnam Opportunity Fund, Life insurance, Financial adviser

DENVER, Nov. 8, 2021 /PRNewswire/ --RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the preliminary results of its transferable rights offering (the "Offering") which expired on November 5, 2021 (the "Expiration Date").

Key Points: 
  • DENVER, Nov. 8, 2021 /PRNewswire/ --RiverNorth Opportunities Fund, Inc. (NYSE: RIV) (the "Fund") is pleased to announce the preliminary results of its transferable rights offering (the "Offering") which expired on November 5, 2021 (the "Expiration Date").
  • In the Offering, the Fund received subscription requests for 5,228,431 shares of common stock from rights holders.
  • Shares of common stock issued pursuant to the Rights Offering will be record date shares for the purposes of the Fund's November 2021 distribution payable.
  • The Fund will announce the final results of the Rights Offering in a press release on or about November 10, 2021.

BRW - $0.033 October Dividend

Retrieved on: 
Monday, November 1, 2021
Professional Services, Finance, BRW, Compliance, Closed-end fund, Investment Company Act of 1940, Gain (electronics), Internal Revenue Code, Borrowing base, Security (finance), U.S. Securities and Exchange Commission, NYSE, New, Income, Investment, Board, Boaz Weinstein, Acquisition, Sale, Risk, Fund, Bank, Life insurance

The amendment or termination of the plan could have an adverse effect on the market price of the Funds common shares.

Key Points: 
  • The amendment or termination of the plan could have an adverse effect on the market price of the Funds common shares.
  • However, determination of the actual source of the foregoing dividend can only be made at year-end.
  • The Funds common shares trade on the New York Stock Exchange under the ticker symbol BRW.
  • The Fund undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

BlackRock Enhanced Government Fund, Inc. Announces Upcoming Repurchase Offer

Retrieved on: 
Monday, October 11, 2021
Banking, Professional Services, Finance, Private Securities Litigation Reform Act, Forward-looking statement, New, Income, Lists of disasters, Computershare, Phrase, Government, Repurchase agreement, Consumer Protection Act, BlackRock, Dodd–Frank Wall Street Reform and Consumer Protection Act, Failure, Board of directors, Industry, NAV, Investment, SEC, Board, U.S. Securities and Exchange Commission, CUSIP, Fund, Security (finance), NYSE, EGF, Closed-end fund, Environment, Cryptocurrency, Financial adviser

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 15, 2021.

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 15, 2021.
  • The Repurchase Offer is scheduled to expire on November 16, 2021, unless extended, with payment for the Shares repurchased to be made on or before November 24, 2021.
  • The Fund has established a record date of October 7, 2021 solely for the purpose of identifying stockholders eligible to receive Repurchase Offer materials.
  • It may not be in a stockholder's interest to tender Shares in connection with the Repurchase Offer if the Shares are trading at a premium.