Funding | Jotup

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of December 2023 and January and February 2024

Retrieved on:

Tuesday, November 21, 2023

Banking, Asset Management, Professional Services, Finance, Sale, Bank statement, Investment, Risk, Loss, Franklin Templeton Investments, Trustee, Capital gain, Funding, Fund

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

Key Points:

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds .
Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.
Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss.

Comvest Credit Partners Provides Financing to Support the Take-Private of Pollo Tropical

Retrieved on:

Thursday, November 16, 2023

Consulting, Banking, Professional Services, Finance, Funding, Acquisition, Hormone, Consumer, Chicken, Food, Fiesta Restaurant Group, Partner, Garnett station, The Bahamas, Pollo Tropical

Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $115 million senior secured credit facility (the “Financing”) for Pollo Tropical (the “Company”), a Miami-based fast-casual restaurant chain.

Key Points:

Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent and is the Sole Lender on a $115 million senior secured credit facility (the “Financing”) for Pollo Tropical (the “Company”), a Miami-based fast-casual restaurant chain.
The Financing supported the take-private acquisition of Fiesta Restaurant Group, Inc. (NASDAQ: FRGI), the publicly traded parent company of Pollo Tropical, by Authentic Restaurant Brands, a portfolio company of Garnett Station Partners (“Garnett Station”).
The financing also provides committed capital to support the ongoing operations of the business.
“As an active and experienced investor in well-positioned quick-service restaurant concepts, Comvest Credit Partners is pleased to support the continued development of Pollo Tropical,” said Dan Lee, a Partner and Co-Head of Consumer & Retail at Comvest.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Months of December 2023, January and February 2024

Retrieved on:

Tuesday, November 14, 2023

Banking, Asset Management, Professional Services, Finance, Sale, Bank statement, Investment, Risk, Loss, Franklin Templeton Investments, Capital gain, Funding, Fund

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

Key Points:

Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).
For more information about the Funds, please call 1-888-777-0102 or consult the Funds’ website at www.franklintempleton.com/investments/options/closed-end-funds .
Hard copies of the Funds’ complete audited financial statements are available free of charge upon request.
Shares of closed-end funds often trade at a discount to their net asset value, and can increase an investor’s risk of loss.

BlackRock Announces Distribution Increases for Municipal Closed-End Funds

Retrieved on:

Tuesday, November 14, 2023

Banking, Professional Services, Finance, Investment, DTC, Movement, Funding, Policy, Fund, Security (finance)

The Section 19 notice was provided for informational purposes only and not for tax reporting purposes.

Key Points:

The Section 19 notice was provided for informational purposes only and not for tax reporting purposes.
This information can be found in the “Closed-End Funds” section of www.blackrock.com .
Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distribution or from the terms of the Fund’s dividend policy.
A return of capital distribution does not necessarily reflect a Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ When distributions exceed total return performance, the difference will reduce the Fund’s net asset value.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy for the Months of December 2023, January and February 2024

Retrieved on:

Tuesday, November 14, 2023

Professional Services, Finance, Sale, Bank statement, Risk, Investment, Franklin Templeton Investments, Policy, Calendar, Cryptocurrency, Funding, Fund

The sources of distributions for the two months ended February 29, 2024 are estimated to be 69.27% from income and 30.73% from return of capital.

Key Points:

The sources of distributions for the two months ended February 29, 2024 are estimated to be 69.27% from income and 30.73% from return of capital.
Shareholders should not draw any conclusions about each Fund’s investment performance from the amount of these distributions or from the terms of each Fund’s managed distribution policy.
The amounts and sources of each Fund’s distributions to be reported will be estimates and will not be provided for tax reporting purposes.
Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (“Franklin Resources”).

First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust Senior Floating Rate Income Fund II and First Trust High Yield Opportunities 2027 Term Fund

Retrieved on:

Monday, November 13, 2023

Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.

Key Points:

Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.
High yield debt securities include U.S. and non-U.S. corporate debt obligations and senior, secured floating rate loans ("Senior Loans").
There can be no assurance that the Fund will achieve its investment objective or that the Fund's investment strategies will be successful.
A Fund's portfolio is also subject to credit risk, interest rate risk, liquidity risk, prepayment risk and reinvestment risk.

The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Appointment of New Chairman of the Board

Retrieved on:

Monday, November 13, 2023

Banking, Professional Services, Finance, Sale, Terrorism, NYSE, War, Fund, Investment, Risk, Coronavirus, System, Nature, Independent, EEA, GF, Security (finance), Bank, Funding

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.

Key Points:

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 the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund.
Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
The Central and Eastern Europe Fund, Inc. is non-diversified and can take larger positions in fewer issues, increasing its potential risk.

Nine Strive funds will move primary listing from NYSE Arca, Inc. and NASDAQ Stock Market LLC to New York Stock Exchange

Retrieved on:

Wednesday, December 13, 2023

ETF, SHOC, New York Stock Exchange, NYSE Arca, Risk, STRV, Financial adviser, Funding

HAVERTOWN, Pa., Dec. 13, 2023 /PRNewswire/ -- (ETF Architect) -- EA Series Trust announces that the following funds will move their primary listings to the New York Stock Exchange: Strive U.S. Energy ETF (NYSE Arca: DRLL), Strive 500 ETF (NYSE Arca: STRV), Strive U.S. Semiconductor ETF (NYSE Arca: SHOC), Strive Emerging Markets Ex-China ETF (NYSE Arca: STXE), Strive FAANG 2.0 ETF (NYSE Arca: FTWO), Strive 1000 Dividend Growth ETF (Nasdaq: STXD), Strive 1000 Growth ETF (Nasdaq: STXG) Strive 1000 Value ETF (Nasdaq: STXV) and Strive Small-Cap ETF (Nasdaq: STXK), collectively, the "Funds".

Key Points:

HAVERTOWN, Pa., Dec. 13, 2023 /PRNewswire/ -- (ETF Architect) -- EA Series Trust announces that the following funds will move their primary listings to the New York Stock Exchange: Strive U.S. Energy ETF (NYSE Arca: DRLL), Strive 500 ETF (NYSE Arca: STRV), Strive U.S. Semiconductor ETF (NYSE Arca: SHOC), Strive Emerging Markets Ex-China ETF (NYSE Arca: STXE), Strive FAANG 2.0 ETF (NYSE Arca: FTWO), Strive 1000 Dividend Growth ETF (Nasdaq: STXD), Strive 1000 Growth ETF (Nasdaq: STXG) Strive 1000 Value ETF (Nasdaq: STXV) and Strive Small-Cap ETF (Nasdaq: STXK), collectively, the "Funds".
After careful consideration of a number of factors, the Board, at the recommendation of the Funds' investment adviser, concluded that it is advisable and in the best interest of the Funds and its shareholders to move listing to New York Stock Exchange.
The Funds will officially begin trading on New York Stock Exchange at market open on January 10, 2024.
The Funds will continue trading as normal on NYSE Arca, Inc. and NASDAQ Stock Market LLC until market close on January 9, 2024.

METALLA AND NOVA ANNOUNCE COMPLETION OF ARRANGEMENT

Retrieved on:

Friday, December 1, 2023

Under the terms of the Arrangement, each former shareholder of Nova (a "Nova Shareholder") received 0.36 of a common share of Metalla (each whole share, a "Metalla Share") for each Nova Share held immediately prior to the completion of the Arrangement (the "Consideration").

Key Points:

Under the terms of the Arrangement, each former shareholder of Nova (a "Nova Shareholder") received 0.36 of a common share of Metalla (each whole share, a "Metalla Share") for each Nova Share held immediately prior to the completion of the Arrangement (the "Consideration").
Pursuant to the Arrangement, Nova options became immediately vested, and such Nova options have been exchanged for replacement options exercisable for Metalla Shares at the same conversion ratio applicable to the Nova Shares, and any certificate or option agreement previously evidencing Nova options now evidences (and shall be deemed to evidence) such replacement options.
for those that ceased to be an employee, consultant, ‎officer or director of Nova or Metalla, as the case may be), provided that in no case shall the ‎date of expiry of any replacement option extend beyond the date that is 10 years from ‎the date of grant of the original Nova option.‎
Pursuant to the Arrangement, each restricted share unit of Nova that was outstanding immediately prior to completion of the Arrangement ("Nova RSU") was deemed to be fully vested and settled in Nova Shares, which Nova Shares participated in the Arrangement.
The consideration that a holder of Nova RSUs is entitled to receive under the Arrangement may be subject to tax withholdings in accordance with the Arrangement.

Roundhill Announces Changes to Fund Lineup

Retrieved on:

Friday, November 24, 2023

Investment, Bank, Funding

The three funds will cease trading and no longer accept creation or redemption orders on or about December 11, 2023.

Key Points:

The three funds will cease trading and no longer accept creation or redemption orders on or about December 11, 2023.
Subsequently, shares of the Funds will cease trading on the listing exchange prior to the open of business on December 13, 2023.
Proceeds of the liquidation are currently scheduled to be sent to shareholders on December 14, 2023.
Roundhill Investments, the adviser to the Funds, will bear all fees and expenses that may be incurred in connection with the liquidation of the Funds and the distribution of cash proceeds to investors, other than brokerage fees and other related expenses.