Institutional investors

CrowdStreet Launches Diversified Opportunity Zone Fund

Retrieved on: 
Monday, September 9, 2019

PORTLAND, Ore., Sept. 9, 2019 /PRNewswire/ -- CrowdStreet Inc. ("CrowdStreet"), a financial technology provider with an online marketplace for direct equity investment in commercial real estate (CRE), today publicly launched a diversified investment fund through CrowdStreet Advisors, LLC ("CrowdStreet Advisors"), a wholly-owned subsidiary of CrowdStreet.

Key Points: 
  • PORTLAND, Ore., Sept. 9, 2019 /PRNewswire/ -- CrowdStreet Inc. ("CrowdStreet"), a financial technology provider with an online marketplace for direct equity investment in commercial real estate (CRE), today publicly launched a diversified investment fund through CrowdStreet Advisors, LLC ("CrowdStreet Advisors"), a wholly-owned subsidiary of CrowdStreet.
  • "Opportunity Zone investments align nicely with our general focus on 18-hour cities," said Ian Formigle, Vice President of Investments for CrowdStreet.
  • Today's announcement of the fund launch follows the successful equity raise on the CrowdStreet Marketplace of capital for six individual Opportunity Zone projects across the U.S.
  • In addition to managing the CrowdStreet Opportunity Zone Portfolio, CrowdStreet Advisors provides personal investment advice regarding investments on the CrowdStreet Marketplace to individual accredited investors.

Managed Distribution Plan Announced for Certain BlackRock Closed-End Funds

Retrieved on: 
Monday, September 9, 2019

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

Key Points: 
  • The amendment or termination of the Plan could have an adverse effect on the market price of a Funds common shares.
  • If sufficient investment income is not available for a monthly distribution, a Fund will distribute long-term capital gains and/or return of capital in order to maintain its stated fixed annual distribution rate under the Plan.
  • A return of capital distribution does not necessarily reflect a Funds investment performance and should not be confused with yield or income.
  • No conclusions should be drawn about a Funds investment performance from the amount of such Funds distributions or from the terms of the Plan.

September's Life Insurance Awareness Month Is Here: Brooke Shields and Life Happens Drive Home the Importance of Life Insurance

Retrieved on: 
Monday, September 9, 2019

ARLINGTON, Va., Sept. 9, 2019 /PRNewswire/ -- Life Happens, a nonprofit dedicated to educating consumers about the importance of life insurance and other related products for sound financial planning, kicks off its 16th annual Life Insurance Awareness Month (LIAM) campaign with actress, model, designer, and mother Brooke Shields to help educate and remind Americans about the importance of life insurance.

Key Points: 
  • ARLINGTON, Va., Sept. 9, 2019 /PRNewswire/ -- Life Happens, a nonprofit dedicated to educating consumers about the importance of life insurance and other related products for sound financial planning, kicks off its 16th annual Life Insurance Awareness Month (LIAM) campaign with actress, model, designer, and mother Brooke Shields to help educate and remind Americans about the importance of life insurance.
  • For those who are looking to take action, Life Happens has a free Life Insurance Needs Calculator ( www.lifehappens.org/howmuch ) to help evaluate their own life insurance needs and get the protection they need.
  • To see more information about Life Insurance Awareness Month and Brooke's role as spokesperson, including her PSA , visit www.lifehappens.org/brooke .
  • The organization supports the insurance industry by providing marketing tools and resources through its Life Happens Pro platform , and convening the industry each September for Life Insurance Awareness Month.

Eagle Growth and Income Opportunities Fund Declares Monthly Distribution of $0.08 Per Share

Retrieved on: 
Monday, September 9, 2019

Closed-end funds frequently trade at a discount to NAV, which may increase the investors risk of loss.

Key Points: 
  • Closed-end funds frequently trade at a discount to NAV, which may increase the investors risk of loss.
  • The Fund is a diversified, closed-end management investment company that is advised by THL Credit Advisors LLC and sub-advised by Eagle Asset Management, Inc.
  • The Funds investment objective is to provide total return through a combination of current income and capital appreciation.
  • Contact the Fund at 1.833.845.7513 or visit the Funds website at http://thlcreditegif.com for additional information.

Galileo Global Equity Advisors Inc. Announces Final Distribution Amount and Termination Date of U.S. Global GO GOLD and Precious Metal Miners ETF

Retrieved on: 
Friday, September 6, 2019

TORONTO, Sept. 06, 2019 (GLOBE NEWSWIRE) -- Galileo Global Equity Advisors Inc. (the Manager), the trustee and manager of U.S.

Key Points: 
  • TORONTO, Sept. 06, 2019 (GLOBE NEWSWIRE) -- Galileo Global Equity Advisors Inc. (the Manager), the trustee and manager of U.S.
  • Global GO GOLD and Precious Metal Miners ETF (the Fund), announces the final distribution amount for the Fund of $4.2513 per unit (the Final Distribution Amount).
  • The Manager also announced the termination date of the Fund as September 11, 2019 (the Termination Date).
  • About Galileo Global Equity Advisors Inc.
    With over 37 years of experience specializing in the small and micro-cap equity space, Galileo Global Equity Advisors, Inc. ( www.galileofunds.ca ) has become one of Canadas premier boutique investment managers specializing in smaller company investment strategies.

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

Retrieved on: 
Friday, September 6, 2019

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services CorporationTitle insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.

Key Points: 

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

    • Title insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.
    • Most real estate transactions in the United States involve financing from a lender, and because most lenders require title insurance, nearly every real estate transaction in the United States includes a title insurance policy.
    • Fidelity and Stewart are two of the four largest title insurance underwriters in the United States, along with First American Title Insurance Company and Old Republic National Title Insurance Company.
    • On a national level, the Big 4 account for more than 85 percent of all title insurance sales, and after the merger, the combined Fidelity-Stewart would have more than 43 percent of sales nationwide.
    • According to the complaint, Fidelity is the largest of the Big 4, having gained that position through a series of acquisitions.
    • Competitive title insurance and title information markets are essential to providing Americans affordable and high-quality title insurance products, said Bureau of Competition Director Bruce Hoffman.
    • Local Markets for Title Information Services Fidelity and Stewart also own extensive, overlapping networks of title plants databases of detailed information about the chain of title to individual properties, indexed to facilitate efficient title searches for underwriting purposes.
    • Access to the information in these title plants also called title information services is essential for issuance of title insurance policies in many local markets throughout the United States.

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

Retrieved on: 
Friday, September 6, 2019

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services CorporationTitle insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.

Key Points: 

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

    • Title insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.
    • Most real estate transactions in the United States involve financing from a lender, and because most lenders require title insurance, nearly every real estate transaction in the United States includes a title insurance policy.
    • Fidelity and Stewart are two of the four largest title insurance underwriters in the United States, along with First American Title Insurance Company and Old Republic National Title Insurance Company.
    • On a national level, the Big 4 account for more than 85 percent of all title insurance sales, and after the merger, the combined Fidelity-Stewart would have more than 43 percent of sales nationwide.
    • According to the complaint, Fidelity is the largest of the Big 4, having gained that position through a series of acquisitions.
    • Competitive title insurance and title information markets are essential to providing Americans affordable and high-quality title insurance products, said Bureau of Competition Director Bruce Hoffman.
    • Local Markets for Title Information Services Fidelity and Stewart also own extensive, overlapping networks of title plants databases of detailed information about the chain of title to individual properties, indexed to facilitate efficient title searches for underwriting purposes.
    • Access to the information in these title plants also called title information services is essential for issuance of title insurance policies in many local markets throughout the United States.

UK Insurance Consumer Report 2019 - ResearchAndMarkets.com

Retrieved on: 
Friday, September 6, 2019

The "UK Insurance Consumer 2019: Consumer Research Report" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "UK Insurance Consumer 2019: Consumer Research Report" has been added to ResearchAndMarkets.com's offering.
  • Consumers as a whole face on average 4.5 insurance risks but tend to own only 3 different types of insurance.
  • While, in general, as insurance ownership rises insurance cover becomes more aligned to the risks faced, most poorer and younger consumers have inappropriate levels of insurance (i.e.
  • Other interesting findings contained in the report are:
    Most insurance policyholders have already made multiple journeys in the insurance market.

Ivy High Income Opportunities Fund Announces Annual Meeting of Shareholders Results

Retrieved on: 
Thursday, September 5, 2019

Ivy High Income Opportunities Fund (NYSE: IVH) today announced that at the Annual Meeting of Shareholders held on Friday, August 30, 2019, its shareholders voted 1) to elect the Funds nominees to the Funds Board of Trustees (the Board) and 2) for a shareholder proposal for the Board to consider declassifying the Board so that Trustees are elected on an annual basis.

Key Points: 
  • Ivy High Income Opportunities Fund (NYSE: IVH) today announced that at the Annual Meeting of Shareholders held on Friday, August 30, 2019, its shareholders voted 1) to elect the Funds nominees to the Funds Board of Trustees (the Board) and 2) for a shareholder proposal for the Board to consider declassifying the Board so that Trustees are elected on an annual basis.
  • The final results, as certified by the independent inspector of elections, will be published in the Funds next report to shareholders.
  • Ivy High Income Opportunities Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans.

First Trust Global Portfolios Limited Announces Distribution for First Trust Global Equity Income UCITS ETF

Retrieved on: 
Thursday, September 5, 2019

FTA acts as adviser to a range of Irish domiciled UCITS funds under the First Trust Global Funds plc umbrella.

Key Points: 
  • FTA acts as adviser to a range of Irish domiciled UCITS funds under the First Trust Global Funds plc umbrella.
  • There may be tracking difference between the Fund and the underlying index due to the impact of annual Fund management fees.
  • Therefore the Fund's return may not match the return of the NASDAQ Global High Equity Income Index.
  • The NASDAQ Global High Equity Income Index (the "Index") is a trademark of Nasdaq, Inc. ("Nasdaq") and has been licensed for use by First Trust Portfolios L.P., and sub-licensed for use by First Trust Global Funds plc.