Closed-end fund

BRW - $0.033 September Dividend

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

BRW - $0.033 August Dividend

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

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Transferable Rights Offering

Retrieved on: 
Friday, August 13, 2021
Professional Services, Finance, Expiration date, Income, Date, Bangladesh Securities and Exchange Commission, Risk, ALPS, Prospectus, NYSE, OPP, Company, Closed-end fund, LLC, SEC, Security (finance), Board, Investment, Exercise, Expiration, New, Sale, Board of directors, Asset, FINRA, Life insurance, Financial adviser

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the Fund) (NYSE: OPP) announces that its Board of Directors (the Board) has authorized and set the terms of an offering to the Funds stockholders of rights to purchase additional shares of common stock of the Fund.

Key Points: 
  • RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the Fund) (NYSE: OPP) announces that its Board of Directors (the Board) has authorized and set the terms of an offering to the Funds stockholders of rights to purchase additional shares of common stock of the Fund.
  • For every three Rights held, a holder of Rights may buy one new share of common stock of the Fund.
  • The Rights are expected to be listed and tradable on the New York Stock Exchange (NYSE) under the ticker: OPP.RT.
  • The Company expects to mail subscription certificates evidencing the subscription rights and a copy of the prospectus supplement and accompanying prospectus for the rights offering shortly following the Record Date.

Highland Income Fund Announces the Regular Monthly Distribution

Retrieved on: 
Tuesday, August 3, 2021
Finance, Investment, Money, Investment funds, Highland Capital Management, Highland Capital, Closed-end fund, Institutional investors, Alternative investment management companies, Lone Star Funds, Exchange-traded fund

DALLAS, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Highland Income Fund (NYSE: HFRO) (HFRO or the Fund) today announced its regular monthly distribution on its common stock of $0.0770 per share.

Key Points: 
  • DALLAS, Aug. 02, 2021 (GLOBE NEWSWIRE) -- Highland Income Fund (NYSE: HFRO) (HFRO or the Fund) today announced its regular monthly distribution on its common stock of $0.0770 per share.
  • The Fund is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. (the Manager).
  • The Highland Income Fund (NYSE:HFRO) is a closed-end fund managed by Highland Capital Management Fund Advisors, L.P. For more information visit www.highlandfunds.com/income-fund/
    About Highland Capital Management Fund Advisors, L.P.
    Highland Capital Management Fund Advisors, L.P. is an SEC-registered investment adviser.
  • Investors should consider the investment objectives, risks, charges and expenses of the Highland Income Fund carefully before investing.

XA Investments Advises Thornburg on the Launch of its First Listed Closed-End Fund

Retrieved on: 
Friday, July 30, 2021
Finance, Consulting, Banking, Professional services, Other Professional Services, Investment funds, Closed-end fund, Thornburg, XA Investments, XMS Capital Partners, XA INVESTMENTS, XMS CAPITAL PARTNERS

In October 2020, XAI announced the formal launch of its registered closed-end fund structuring and consulting practice.

Key Points: 
  • In October 2020, XAI announced the formal launch of its registered closed-end fund structuring and consulting practice.
  • "We enjoyed partnering with the team at Thornburg and are proud to have worked with them to launch their debut closed-end fund offering.
  • Working together, we have set the foundation for Thornburg to continue its growth in the closed-end fund marketplace, said Kimberly Flynn, Managing Director of XA Investments.
  • We are pleased to guide Thornburg through the process to the successful development and launch of their own registered, closed-end fund," said Benjamin McCulloch, General Counsel of XA Investments.

The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Extension of Share Repurchases

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Finance, Financial markets, Money, Corporate finance, Investment funds, Stock market, Equity securities, Closed-end fund, Stock, Institutional investors

Repurchases will be made from time to time when they are believed to be in the best interests of a Fund.

Key Points: 
  • Repurchases will be made from time to time when they are believed to be in the best interests of a Fund.
  • For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call (800) 349-4281.
  • There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

Tekla World Healthcare Fund Paid Distribution

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Investment funds, Finance, Closed-end fund, Tekla, New York Stock Exchange, Economy, Market economics)

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

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Investment funds, Finance, Closed-end fund, Tekla, New York Stock Exchange, Economy, Market economics)

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 .

Pioneer Floating Rate Fund, Inc. Required Notice to Shareholders Sources of Distribution Under Section 19(a)

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Investment funds, Investment, Mathematical finance, Rate of return, Closed-end fund, Capital gains tax, Investment trust

The fund estimates that a portion of the distribution does not represent income or realized capital gains.

Key Points: 
  • The fund estimates that a portion of the distribution does not represent income or realized capital gains.
  • A return of capital distribution does not necessarily reflect the fund's investment performance and should not be considered "yield" or "income."
  • The amounts and sources of distributions reported under the notice are only estimates and are not being provided for tax reporting purposes.
  • Pioneer Floating Rate Fund, Inc. is a closed-end investment company traded on the New York Stock Exchange (NYSE) under the symbol PHD.

Pioneer Municipal High Income Fund, Inc. Required Notice to Shareholders Sources of Distribution Under Section 19(a)

Retrieved on: 
Friday, July 30, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Investment funds, Investment, Mathematical finance, Rate of return, Closed-end fund, Capital gains tax, Income tax in the United States

The fund estimates that a portion of the distribution does not represent income or realized capital gains.

Key Points: 
  • The fund estimates that a portion of the distribution does not represent income or realized capital gains.
  • A return of capital distribution does not necessarily reflect the fund's investment performance and should not be considered "yield" or "income."
  • The amounts and sources of distributions reported under the notice are only estimates and are not being provided for tax reporting purposes.
  • Pioneer Municipal High Income Fund, Inc. is a closed-end investment company traded on the New York Stock Exchange (NYSE) under the symbol MHI.