Management fee

Golub Capital BDC, Inc. Announces Shareholder-Aligned Management Fee Reduction

Retrieved on: 
Monday, August 7, 2023
Golub Capital, IPO, Eastern Time Zone, BDC, Ratio, ID, Management fee, Growth, Investment advisory, Business Development Company, Bank, Security (finance)

NEW YORK, Aug. 7, 2023 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC" or the "Company"), a business development company (Nasdaq: GBDC), today announced that the Company's Board of Directors approved a permanent reduction in the base management fee rate that the Company pays to its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital").

Key Points: 
  • NEW YORK, Aug. 7, 2023 /PRNewswire/ -- Golub Capital BDC, Inc. ("GBDC" or the "Company"), a business development company (Nasdaq: GBDC), today announced that the Company's Board of Directors approved a permanent reduction in the base management fee rate that the Company pays to its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital").
  • For additional analysis, please refer to Management Fee Reduction Announcement Presentation available on the Investor Resources link on the homepage of the Company's website ( www.golubcapitalbdc.com ) under Events/Presentations.
  • The new base management fee rate takes effect as of July 1, 2023.
  • See accompanying presentation titled "Golub Capital BDC, Inc. – Announces Management Fee Reduction" and the slide titled "Endnotes – Non-GAAP Financial Measures" for footnotes.

Investors Benefit from Rate Increases in Ninepoint High Interest Fund with a Current Net Yield of 4.77%*

Retrieved on: 
Thursday, April 6, 2023
Schedule, ETF, Fund, Management fee, Investment, Global Industry Classification Standard, Bank

TORONTO, April 06, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment managers, announces the latest current net yield for Ninepoint High Interest Savings Fund at 4.77%* (Series F).

Key Points: 
  • TORONTO, April 06, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment managers, announces the latest current net yield for Ninepoint High Interest Savings Fund at 4.77%* (Series F).
  • The Ninepoint High Interest Savings Fund, available as a mutual fund and ETF series (NSAV:NEO), offers some unique benefits to investors.
  • The objective of the Ninepoint High Interest Savings Fund is to maximize yield on cash balances, while providing easy access to investments with daily liquidity.
  • The Fund invests in high interest savings accounts offered at Schedule 1 Canadian Banks.

MILLER/HOWARD HIGH INCOME EQUITY FUND ANNOUNCES 6.25% DISTRIBUTION INCREASE

Retrieved on: 
Tuesday, September 13, 2022
Income, Trustee, Growth, Industry, Calendar, Director, Board, Financial adviser, New, Board of directors, Asset, Management fee, Bank, Fund

Each quarter, the Board of Trustees reviews the Advisers recommended amount of any potential distribution to shareholders.

Key Points: 
  • Each quarter, the Board of Trustees reviews the Advisers recommended amount of any potential distribution to shareholders.
  • The Funds distribution rate may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
  • Given the rising industry costs experienced by the Fund, Miller/Howard is announcing a reduction to the management fee of the Fund.

CoinShares Digital Securities Limited: Sharing of Staking Rewards Announcement

Retrieved on: 
Tuesday, June 21, 2022
Digital, Management fee, Specifier (linguistics), Condition, Coin, Cryptocurrency

CoinShares Digital Securities Limited (the "Issuer") hereby announces in accordance with Condition 5.3.2 of the Conditions of the CoinShares Digital Securities that Staking Rewards in relation to the class (the "Specified Class") specified below will be applied by a reduction in the Management Fee applicable to the Specified Class to zero and a positive daily accrual to the Coin Entitlement to the Specified Class provided in the table below.

Key Points: 
  • CoinShares Digital Securities Limited (the "Issuer") hereby announces in accordance with Condition 5.3.2 of the Conditions of the CoinShares Digital Securities that Staking Rewards in relation to the class (the "Specified Class") specified below will be applied by a reduction in the Management Fee applicable to the Specified Class to zero and a positive daily accrual to the Coin Entitlement to the Specified Class provided in the table below.
  • Such reduction to the Management Fee and positive daily accrual to the Coin Entitlement shall apply from the start of trading on June 21st, 2022 until a date to be specified in a further announcement in accordance with Condition 5.3.2.

Flaherty & Crumrine Investment Grade Preferred Income Fund Announces Results of Special Meeting

Retrieved on: 
Monday, November 1, 2021
Management fee, Toronto Stock Exchange, ETF, NAV, TSX, Ó Flaithbheartaigh, Income, Management, Solution, Brompton, GLOBE, Conversion, Tax, Security (finance), Financial services

TORONTO, Nov. 01, 2021 (GLOBE NEWSWIRE) -- (TSX: FFI.UN) Brompton Funds Limited (Brompton or the Manager), the manager of Flaherty & Crumrine Investment Grade Preferred Income Fund (the Fund) is pleased to announce that at a special meeting of unitholders of the Fund (Unitholders), held today, unitholders of the Fund approved an extraordinary resolution to convert the Fund from a closed-end investment fund into an exchange-traded fund (ETF) (to be renamed Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF) on or about November 29, 2021, or such other date as the Manager may determine in its sole discretion (the Conversion).

Key Points: 
  • TORONTO, Nov. 01, 2021 (GLOBE NEWSWIRE) -- (TSX: FFI.UN) Brompton Funds Limited (Brompton or the Manager), the manager of Flaherty & Crumrine Investment Grade Preferred Income Fund (the Fund) is pleased to announce that at a special meeting of unitholders of the Fund (Unitholders), held today, unitholders of the Fund approved an extraordinary resolution to convert the Fund from a closed-end investment fund into an exchange-traded fund (ETF) (to be renamed Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF) on or about November 29, 2021, or such other date as the Manager may determine in its sole discretion (the Conversion).
  • (1) Conversion to an ETF will allow the Fund to continue with its successful strategy, while adding incremental flexibility and increasing the Funds investible universe as an ETF.
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds.
  • For further information, please contact your investment advisor, call Bromptons investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email [email protected] or visit our website at www.bromptongroup.com .

Brompton Proposes Conversion of Flaherty & Crumrine Investment Grade Preferred Income Fund Into an Exchange Traded Fund

Retrieved on: 
Thursday, September 9, 2021

At the Meeting, Unitholders will be asked to approve, among other things, the conversion of the Fund (the Conversion) from a closed-end investment fund into an exchange-traded fund (ETF).

Key Points: 
  • At the Meeting, Unitholders will be asked to approve, among other things, the conversion of the Fund (the Conversion) from a closed-end investment fund into an exchange-traded fund (ETF).
  • If the Conversion is approved by Unitholders, the name of the Fund will be changed to Brompton Flaherty & Crumrine Enhanced Investment Grade Preferred ETF on the effective date of the Conversion.
  • Following the Conversation, the Fund will be considered to be an alternative mutual fund within the meaning of National Instrument 81-102 Investment Funds.
  • Founded in 2000, Brompton is an experienced investment fund manager with income focused investment solutions including exchange-traded funds (ETFs) and other TSX traded investment funds.

Ninepoint Partners Announces July 2021 Cash Distributions for ETF Series Securities

Retrieved on: 
Friday, July 23, 2021
Finance, Money, Investment, Investment management, Private equity, Investment funds, Management fee, Performance fee, Investor

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or [email protected].

Key Points: 
  • For more information on Ninepoint Partners LP, please visit www.ninepoint.com or please contact us at (416) 943-6707 or (866) 299-9906 or [email protected].
  • Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the Funds).
  • Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds.
  • If distributions paid by the Fund are greater than the performance of the Fund, then an investors original investment will shrink.

Purpose Investments Inc. Announces July Distributions

Retrieved on: 
Monday, July 19, 2021
Finance, Money, Investment, Investment management, Hedge funds, Investment fund, Management fee, Asset management, Mackenzie Investments, Discretionary Investment Management

Purpose Investments is an asset management company with more than $11 billion in assets under management.

Key Points: 
  • Purpose Investments is an asset management company with more than $11 billion in assets under management.
  • Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products.
  • Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.
  • For further information please contact:
    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments.

Osterweis Funds Announce Fund Name Change and Management Fee Reductions

Retrieved on: 
Thursday, July 1, 2021
Professional services, Finance, Finance, Money, Investment, Hedge funds, Investment funds, Investment management, Management fee, Private equity, Income fund, the Osterweis Fund, the Osterweis Growth & Income Fund (formerly Strategic Investment Fund), Osterweis Capital Management, THE OSTERWEIS FUND, THE OSTERWEIS GROWTH & INCOME FUND (FORMERLY STRATEGIC INVESTMENT FUND), OSTERWEIS CAPITAL MANAGEMENT

Osterweis Capital Management (OCM) announced today that the Osterweis Strategic Investment Fund is being renamed the Osterweis Growth & Income Fund.

Key Points: 
  • Osterweis Capital Management (OCM) announced today that the Osterweis Strategic Investment Fund is being renamed the Osterweis Growth & Income Fund.
  • It also announced that it has lowered the management fee to 0.75% for the Osterweis Fund (OSTFX) and the Osterweis Growth & Income Fund (OSTVX).
  • Larry Cordisco, Co-Lead Portfolio Manager for the Osterweis Fund and Osterweis Growth & Income Fund, said of the name change, The new name does a great job of conveying our value proposition to investors.
  • Osterweis Capital Management is the adviser to the Osterweis Funds, which are distributed by Quasar Distributors, LLC.

Purpose Investments Inc. Announces 2021 Second Quarter Distributions for Purpose Specialty Lending Trust

Retrieved on: 
Thursday, June 24, 2021
Finance, Money, Investment, Investment management, Hedge funds, Investment fund, Management fee, Asset management, Mackenzie Investments, Discretionary Investment Management

Purpose Investments Inc. is an asset management company with more than $11 billion in assets under management.

Key Points: 
  • Purpose Investments Inc. is an asset management company with more than $11 billion in assets under management.
  • Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products.
  • Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.
  • For further information please contact:
    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments.