Hedge fund

Firsthand Technology Value Fund Announces Plan to Seek Stockholder Approval to Withdraw BDC Election and Pursue Liquidation

Retrieved on: 
Friday, October 13, 2023
Fintech, Professional Services, Finance, Hedge fund, Investment Company Act of 1940, Fund, FCM

Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund” or “Firsthand”), a publicly-traded venture capital fund that invests in technology and cleantech companies, today announced that its Board of Directors (the “Board”) has approved a plan to seek stockholder approval to withdraw the Fund’s election to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended.

Key Points: 
  • Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund” or “Firsthand”), a publicly-traded venture capital fund that invests in technology and cleantech companies, today announced that its Board of Directors (the “Board”) has approved a plan to seek stockholder approval to withdraw the Fund’s election to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended.
  • The Board will also be seeking stockholder approval on a plan of liquidation of the Fund.
  • The Fund also announced today that it has suffered material setbacks on two of its largest holdings.
  • Additional information will be available in the Fund’s forthcoming quarterly report on Form 10-Q in November 2023.

First Trust Energy Income and Growth Fund Declares its Quarterly Distribution of $0.30 Per Share

Retrieved on: 
Tuesday, October 10, 2023
Professional Services, Finance, Terrorism, Judgement, Investment, COVID-19, NYSE, Federal, MLP, AIB (NI), FTP, Risk, Infection, FTA, Hedge fund, Internal Revenue Code, NYSE American, Fund, Growth, EIP, FINRA, ERISA, Uncertainty, Internal Revenue Code section 409A, Federal Reserve, Cryptocurrency, Life insurance, Financial adviser

First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared the Fund's regularly scheduled quarterly distribution of $0.30 per share.

Key Points: 
  • First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared the Fund's regularly scheduled quarterly distribution of $0.30 per share.
  • The Fund focuses on investing in MLPs and related public entities in the energy sector which the Fund's investment sub-advisor believes offer opportunities for income and growth.
  • The Fund is treated as a regular corporation, or a "C" corporation, for United States federal income tax purposes and, as a result, is subject to corporate income tax to the extent the Fund recognizes taxable income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

FinTech Venture Studio, Surge Ventures Launches Its Inaugural Company, RegVerse and Unveils an Industry First Generative AI-Powered Regulatory Management Platform

Retrieved on: 
Thursday, October 12, 2023
Investment, Broadcom Inc., CCO, Fintech, Collaboration, Intelligence, For, Registered investment adviser, Broker-dealer, Automation, Regulatory technology, AI, Hedge fund, Risk, Communication, Financial services, NSA, Opportunity, Impact, The Compliance Team, LPL Financial, RIAS, Lung compliance, Deposit Insurance Agency of Russia, Marketing, Generative, Synthetic media, Regulation, FINRA, History, Law Enforcement Action Partnership, PARK, BDS, Integrity Management Plan, Advisor Group, Bank, Face, Financial adviser, Medical device, Tourism, Smarsh, Silicon

MENLO PARK, Calif., Oct. 12, 2023 /PRNewswire/ -- Surge Ventures, a FinTech Venture Studio, proudly announces the launch of its inaugural venture, RegVerse which focuses on advancing Regulatory Technology (RegTech). Under the visionary leadership of seasoned WealthTech and RegTech entrepreneur, Sid Yenamandra, RegVerse introduces its flagship product, Avery, which is poised to reshape regulatory change management and tracking of firm-wide compliance protocols for Registered Investment Advisors (RIAs), Hedge Funds, Mutual Funds, Insurance Agencies, Banks and Broker-Dealers (BDs).

Key Points: 
  • In a world where regulatory complexities can be overwhelming, Avery by RegVerse offers a game-changing solution.
  • Its mission is to minimize regulatory risks while saving valuable time and resources for financial advisors and firms.
  • Mr. Yenamandra, Co-Founder of Surge Ventures and CEO of RegVerse, emphasizes the profound impact of Avery, stressing that "navigating intricate regulations presents an ongoing challenge for firms of all sizes.
  • Unified Collaboration Hub: Avery streamlines communication and teamwork, simplifying regulatory management, information exchange, task allocation, and progress tracking.

Portland Investment Counsel Inc. Funds Shortlisted in Six Categories for the 2023 Canadian Hedge Fund Awards

Retrieved on: 
Tuesday, October 3, 2023
Hedge fund, Consumer, Private equity, Overalls, Pension fund, Security (finance)

Toronto, Ontario--(Newsfile Corp. - October 3, 2023) - Portland Investment Counsel Inc. (Portland) is pleased to announce that the following Portland funds, both managed by Chris Wain-Lowe, Portfolio Manager and Chief Investment Officer of Portland, have been recognized as Top Contenders for the 2023 Canadian Hedge Fund Awards:

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - October 3, 2023) - Portland Investment Counsel Inc. (Portland) is pleased to announce that the following Portland funds, both managed by Chris Wain-Lowe, Portfolio Manager and Chief Investment Officer of Portland, have been recognized as Top Contenders for the 2023 Canadian Hedge Fund Awards:
    Portland Private Income Fund - Private Debt category for best one, three and five-year returns;
    Portland Global Sustainable Evergreen LP - Private Equity category for best one, three and five-year returns.
  • Portland is honoured to have its funds be recognized as a Top Contender in multiple categories for the Canadian Hedge Fund Awards, which is a high honour in Canada's hedge fund industry.
  • The annual Canadian Hedge Fund Awards help investors identify well performing hedge funds by recognizing winners in 5 performance measures across 6 categories as well as the Overall Best 2023 Canadian Hedge Fund.
  • A total of 264 Canadian Hedge Funds were considered for a 2023 Canadian Hedge Fund Award.

First Trust Mortgage Income Fund Increases its Monthly Common Share Distribution to $0.0675 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Banking, Professional Services, Finance, AIB (NI), Uncertainty, New York Stock Exchange, Failure, ERISA, Investment, Federal, LIBOR, COVID-19, FMY, Infection, Risk, Terrorism, Sale, Judgement, Hedge fund, Internal Revenue Code, FTP, Federal Reserve, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, Fund, NYSE, FTA, Real estate, Life insurance, Security (finance), Financial adviser, Bank, Credit

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has increased its regularly scheduled monthly common share distribution to $0.0675 per share from $0.0625 per share.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has increased its regularly scheduled monthly common share distribution to $0.0675 per share from $0.0625 per share.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1075 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Banking, Professional Services, Finance, AIB (NI), Uncertainty, New York Stock Exchange, ERISA, Interest, Investment, Federal, LIBOR, COVID-19, Infection, Stonebridge, Risk, Terrorism, Judgement, Internal Revenue Code, FTP, Hedge fund, Trust, Federal Reserve, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, Fraud, Fund, NYSE, FTA, Bankruptcy, Life insurance, Security (finance), Financial adviser, Bank

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1075 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.

Key Points: 
  • First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1075 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund seeks to achieve its investment objectives by investing in preferred and other income-producing securities.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.10 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Finance, AIB (NI), Uncertainty, New York Stock Exchange, Plan, Petroleum, ERISA, EIP, Federal, Investment, MLP, LIBOR, Hedge fund, Policy, COVID-19, Infection, Risk, Terrorism, Judgement, Cyprus Securities and Exchange Commission, Internal Revenue Code, FTP, Federal Reserve, London Interbank Bid Rate, Trustee, Internal Revenue Code section 409A, Natural gas, FINRA, Security (finance), NYSE, FTA, Cryptocurrency, Life insurance, Financial adviser, Bank, Fund

First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.

Key Points: 
  • First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.
  • Under the Plan, the Fund intends to continue to pay a recurring monthly distribution that reflects the distributable cash flow of the Fund.
  • The distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax-deferred return of capital.
  • The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector.

First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Finance, AIB (NI), Uncertainty, New York Stock Exchange, Loss, ERISA, Mackay, FSD, Investment, Federal, LIBOR, COVID-19, Infection, Risk, Terrorism, Movement, Judgement, Government, Internal Revenue Code, FTP, NYSE, Hedge fund, Federal Reserve, London Interbank Bid Rate, Internal Revenue Code section 409A, FINRA, Fraud, Fund, FTA, New York Life Insurance Company, Life insurance, Security (finance), Financial adviser, Financial services, Bank, Cryptocurrency, Public utility

First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.

Key Points: 
  • First Trust High Income Long/Short Fund (the "Fund") (NYSE: FSD) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.105 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

First Trust Dynamic Europe Equity Income Fund Declares its Monthly Common Share Distribution of $0.07 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Finance, Janus, AIB (NI), Uncertainty, New York Stock Exchange, Plan, European Central Bank, Economic development, ERISA, Investment, Federal, REIT, Hedge fund, Policy, COVID-19, Infection, NAV, Central bank, Risk, Terrorism, Judgement, Internal Revenue Code, FTP, Real estate investment trust, US, Federal Reserve, Internal Revenue Code section 409A, Trustee, Indian stock exchange, European, FINRA, Social change, City, Security (finance), Fraud, Janus Henderson, NYSE, FTA, Life insurance, Financial adviser, Bank, Financial services, EU, Euro, Fund

First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.07 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.

Key Points: 
  • First Trust Dynamic Europe Equity Income Fund (the "Fund") (NYSE: FDEU) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.07 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.
  • Under the Plan, the Fund intends to continue to pay a monthly distribution in the amount of $0.07 per share.
  • This distribution may consist of net investment income earned by the Fund, net short-term and long-term capital gains and/or tax deferred return of capital.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.

First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share for October

Retrieved on: 
Wednesday, September 20, 2023
Professional Services, Finance, AIB (NI), Uncertainty, New York Stock Exchange, Organic, European Central Bank, Loss, ERISA, Investment, Federal, LIBOR, COVID-19, Infection, FAM, Abrdn, Central bank, Risk, Terrorism, Movement, Judgement, Government, Internal Revenue Code, FTP, Hedge fund, Federal Reserve, London Interbank Bid Rate, Internal Revenue Code section 409A, European, FINRA, United Kingdom, Fraud, Fund, NYSE, FTA, Life insurance, Security (finance), Financial adviser, Bank, Cryptocurrency

First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.

Key Points: 
  • First Trust/abrdn Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.06 per share payable on October 16, 2023, to shareholders of record as of October 3, 2023.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • Market risk is the risk that a particular security, or shares of a fund in general may fall in value.