Mutual fund

VALUE LINE, INC. ANNOUNCES FISCAL YEAR 2023 EARNINGS

Retrieved on: 
Friday, July 28, 2023

NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the fiscal year ended April 30, 2023.

Key Points: 
  • NEW YORK, July 28, 2023 (GLOBE NEWSWIRE) -- Value Line, Inc., (NASDAQ: VALU) reported results for the fiscal year ended April 30, 2023.
  • Total dividends declared during fiscal year 2023 were $1.03 per share; the Company declared a quarterly dividend of $0.28 per share or $1.12 per year beginning with the May 2023 payment.
  • Retained earnings at April 30, 2023, were $95,979,000, an increase of 10.0% compared to retained earnings at April 30, 2022.
  • In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.

VALUE LINE, INC. DECLARES A QUARTERLY CASH DIVIDEND OF $0.28 PER COMMON SHARE

Retrieved on: 
Friday, July 21, 2023

The Company has 9,430,529 shares of common stock outstanding as of July 21, 2023.

Key Points: 
  • The Company has 9,430,529 shares of common stock outstanding as of July 21, 2023.
  • Value Line, Inc. is a leading New York based provider of investment research.
  • The Value Line Investment Survey is one of the most widely used sources of independent equity investment research.
  • In this report, “Value Line,” “we,” “us,” “our” refers to Value Line, Inc. and “the Company” refers to Value Line and its subsidiaries unless the context otherwise requires.

CIRO Hearing Panel accepts settlement agreement with Stephanie Vaarsi

Retrieved on: 
Monday, July 17, 2023

TORONTO, July 17, 2023 /CNW/ - A settlement hearing in the matter of Stephanie Vaarsi (the "Respondent") was held electronically by videoconference on June 19, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").

Key Points: 
  • TORONTO, July 17, 2023 /CNW/ - A settlement hearing in the matter of Stephanie Vaarsi (the "Respondent") was held electronically by videoconference on June 19, 2023 in Toronto, Ontario before a three-member Hearing Panel of the Ontario District Hearing Committee of the Canadian Investment Regulatory Organization ("CIRO").
  • The Hearing Panel accepted the settlement agreement dated March 28, 2023 (the "Settlement Agreement"), between Staff of CIRO and the Respondent as a consequence of which the following sanctions were imposed on the Respondent:
    shall in the future comply with Mutual Fund Dealer Rules 2.1.1.
  • A copy of the Settlement Agreement is available on the MFDA website at www.mfda.ca .
  • During the period described in the Settlement Agreement, the Respondent carried on business in the Toronto, Ontario area.

The Herzfeld Caribbean Basin Fund, Inc. Pays Quarterly Distribution

Retrieved on: 
Friday, June 30, 2023

The distribution for stockholders has been paid in cash or shares of the Fund’s common stock at the election of stockholders.

Key Points: 
  • The distribution for stockholders has been paid in cash or shares of the Fund’s common stock at the election of stockholders.
  • The total amount of cash distributed to all stockholders was limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares.
  • The remainder of the distribution (approximately 80%) was paid in the form of shares of the Fund’s common stock.
  • The exact distribution of cash and stock to any given stockholder was dependent upon his/her election as well as elections of other stockholders, subject to the pro-rata limitation.

Duff & Phelps Utility and Infrastructure Fund Inc. Announces Dividend and Discloses Sources of Distribution Section 19(a) Notice

Retrieved on: 
Thursday, June 15, 2023

This represents a decrease in the annual distribution level from $1.40 per share to $0.84 per share.

Key Points: 
  • This represents a decrease in the annual distribution level from $1.40 per share to $0.84 per share.
  • The 40% decrease in the distribution reflects the increase in the Fund’s cost of leverage, current and expected earnings, and overall market conditions.
  • The Fund adopted a Managed Distribution Plan (the “Plan”) in 2015.
  • Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund’s investment objective.

TIFIN AMP announces spinoff with independent Series A Funding, Backed by Motive Partners and TIFIN

Retrieved on: 
Thursday, June 8, 2023

Leading the round is Motive Ventures, the venture arm of Motive Partners .

Key Points: 
  • Leading the round is Motive Ventures, the venture arm of Motive Partners .
  • This move marks an expansion of the collaboration between TIFIN and Motive Partners, building on the investment Motive Partners made in TIFIN's Series D round last year .
  • TIFIN AMP's integrated distribution platform is the first of its kind in the asset management industry.
  • Ramin Niroumand , Head of Motive Ventures, commented: "The wealth and asset management industry is at an AI tipping point – TIFIN AMP recognized this long before AI was hyped.

TIFIN AMP announces spinoff with independent Series A Funding, Backed by Motive Partners and TIFIN

Retrieved on: 
Thursday, June 8, 2023

Leading the round is Motive Ventures, the venture arm of Motive Partners .

Key Points: 
  • Leading the round is Motive Ventures, the venture arm of Motive Partners .
  • This move marks an expansion of the collaboration between TIFIN and Motive Partners, building on the investment Motive Partners made in TIFIN's Series D round last year .
  • TIFIN AMP's integrated distribution platform is the first of its kind in the asset management industry.
  • Ramin Niroumand , Head of Motive Ventures, commented: "The wealth and asset management industry is at an AI tipping point – TIFIN AMP recognized this long before AI was hyped.

Eaton Vance Management Announces Portfolio Management Teams of Certain Closed-End Funds

Retrieved on: 
Friday, May 26, 2023

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)

Key Points: 
  • Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund (NYSE: ETW)
    Thomas C. Seto is a managing director and head of investment management at Parametric Portfolio Associates LLC, sub-adviser to ETB, ETV and ETW.
  • Shares of closed-end funds often trade at a discount from their net asset value.
  • Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.
  • Additional information about the Funds, including performance and portfolio characteristic information, is available at www.eatonvance.com .

ETF Insider - How Data Visualization is Changing the Investment Landscape

Retrieved on: 
Tuesday, May 23, 2023

Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider delves deeper by examining and visualizing underlying holdings.

Key Points: 
  • Rather than focusing on the surface-level attributes of ETFs and Mutual Funds, ETF Insider delves deeper by examining and visualizing underlying holdings.
  • By organizing and structuring that data, investors can easily navigate within the overlapping layers of financial holdings common to fund based portfolios.This innovative perspective combined with modern data visualization and modeling tools, provides an entirely new approach to portfolio optimization.
  • ETF Insider is a free set of data visualization tools that enable both professional and retail investors to easily assess asset overlaps, factor exposures and concentration risks.
  • With ETF Insider , investors now have the tools they need to make informed decisions about their investments and quickly digest complex data to gain clear insights into their portfolios.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution and Announces Reduction in Monthly Distribution Amount

Retrieved on: 
Thursday, May 11, 2023

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) today announced a monthly cash distribution of $0.035 per share of common stock, payable on June 26, 2023, to shareholders of record at the close of business on June 9, 2023.

Key Points: 
  • BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) today announced a monthly cash distribution of $0.035 per share of common stock, payable on June 26, 2023, to shareholders of record at the close of business on June 9, 2023.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management is one of the world's largest asset managers, with $1.9 trillion in assets under management as of March 31, 2023.
  • BNY Mellon Investment Management is a division of BNY Mellon, which has $46.6 trillion in assets under custody and/or administration as of March 31, 2023.