Inheritance

XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Common Shares

Retrieved on: 
Wednesday, July 21, 2021
Consulting, Professional services, Finance, Common law, Equity, Inheritance, Trust law, Investment funds, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

The Trust agreed to sell 3,100,000 Common Shares at a price to the public of $8.50 per Common Share.

Key Points: 
  • The Trust agreed to sell 3,100,000 Common Shares at a price to the public of $8.50 per Common Share.
  • In addition, the Trust has granted the underwriters a 30-day option to purchase up to 465,000 additional Common Shares to cover over-allotments, if any.
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

XAI Octagon Floating Rate & Alternative Income Term Trust Commences Public Offering of Common Shares

Retrieved on: 
Tuesday, July 20, 2021
Consulting, Professional services, Finance, Common law, Equity, Inheritance, Trust law, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

XAI Octagon Floating Rate & Alternative Income Term Trust (the “Trust”) (NYSE: XFLT), a diversified, closed-end management investment company with an investment objective to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle, has announced that it has commenced an underwritten public offering of common shares of beneficial interest (“Common Shares”) pursuant to the Fund’s effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The Trust also intends to grant the underwriters a 30-day option to purchase up to an additional fifteen percent (15%) of the Common Shares sold to cover over-allotments, if any. The final terms of the offering will depend on market and other conditions at the time of pricing, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Key Points: 
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The offering of Common Shares may be made only by means of a prospectus.
  • XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

VOC Energy Trust Announces Trust Quarterly Distribution

Retrieved on: 
Tuesday, July 20, 2021
Oil, Gas, Energy, Common law, Equity, Inheritance, Trust law, Brazos River

VOC Energy Trust (NYSE: VOC) announced the Trust distribution of net profits for the second quarterly payment period ended June 30, 2021.

Key Points: 
  • Increase in cash reserve held by VOC Brazos Energy Partners, L.P.
  • Although VOC Brazos Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners, L.P. believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct.
  • Any differences in actual cash receipts by the Trust could affect this distributable amount.
  • The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Hugoton Royalty Trust Declares No July Cash Distribution

Retrieved on: 
Tuesday, July 20, 2021
Equity, Law, Common law, Inheritance, Trust law, Private law, Articles, Indenture, Trustee, XTO Energy, Trust Indenture Act

The expense reserve used to pay administrative expenses in the absence of current month distributions was depleted in October 2020.

Key Points: 
  • The expense reserve used to pay administrative expenses in the absence of current month distributions was depleted in October 2020.
  • As a result, Simmons Bank, the Trustee, is currently paying the expenses for the Trust, subject to its rights to be indemnified and reimbursed pursuant to the terms of the Trust indenture.
  • However, there is nothing in the Trust indenture that requires Simmons Bank to pay the expenses for the Trust.
  • The Trust and XTO Energy conducted the interim hearing on the claims related to the Chieftain settlement on October 12-13, 2020.

San Juan Basin Royalty Trust Declares Cash Distribution for July 2021

Retrieved on: 
Tuesday, July 20, 2021
Energy, Other Energy, Oil, Gas, Articles, Law, Equity, Countries, Legal entities, Common law, Inheritance, Trust law, Royalty trust, Trust, Ion Media, Hague Trust Convention

BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $3,949,643.61 or $0.084740 per Unit, based primarily upon estimated production during the month of May 2021, subject to certain adjustments by the owner of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.

Key Points: 
  • BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the Trust) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the Unit Holders) of $3,949,643.61 or $0.084740 per Unit, based primarily upon estimated production during the month of May 2021, subject to certain adjustments by the owner of the Trusts subject interests, Hilcorp San Juan L.P. (Hilcorp), for prior months.
  • The distribution is payable August 13, 2021, to Unit Holders of record as of July 30, 2021.
  • Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,695,014 Mcf (2,994,460 MMBtu) for May 2021, as compared to 2,498,553 Mcf (2,776,171 MMBtu) for April 2021.
  • Hilcorp has advised the Trust that the May 2021 reporting month included additional profits of $2,559,341 gross ($1,919,505 net to the Trust) based on true-ups to the lease operating expense, property tax and capital cost categories for the January 2021 through April 2021 production months.

ERES REIT Declares July 2021 Monthly Distribution

Retrieved on: 
Thursday, July 15, 2021
Common law, Equity, Inheritance, Trust law, Real estate investment trust, Eres, Peligro, Albums

TORONTO, July 15, 2021 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, ERES) is pleased to announce that the trustees of ERES have declared the July 2021 monthly cash distribution of 0.00917 per Unit and Class B LP Unit (the July Distribution), being equivalent to 0.110 per Unit annualized.

Key Points: 
  • TORONTO, July 15, 2021 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN, ERES) is pleased to announce that the trustees of ERES have declared the July 2021 monthly cash distribution of 0.00917 per Unit and Class B LP Unit (the July Distribution), being equivalent to 0.110 per Unit annualized.
  • The distribution will be payable to holders of the Units and Class B LP Units (the Unitholders) of record on July 30, 2021, with payment on August 16, 2021.
  • The final cash distribution in respect of June 2021 was C$0.01354 per Unit and Class B LP Unit.
  • ERES intends to continue to make regular monthly distributions, subject to the discretion of the ERES Board of Trustees.

Travere Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Retrieved on: 
Wednesday, July 14, 2021
Inheritance, Labour law, Property law, Vesting, Law, Private law, Articles, Options, Corporate finance

These inducement stock options and inducement RSUs are subject to the terms of Traveres 2018 Equity Incentive Plan (2018 Plan), but were granted outside of the 2018 Plan and were granted as inducements material to the new employees entering into employment with Travere in accordance with Nasdaq Listing Rule 5635(c)(4).

Key Points: 
  • These inducement stock options and inducement RSUs are subject to the terms of Traveres 2018 Equity Incentive Plan (2018 Plan), but were granted outside of the 2018 Plan and were granted as inducements material to the new employees entering into employment with Travere in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The RSUs vest over four years, with 25% of the shares vesting on each anniversary of the grant date, subject to the new employees continued service relationship with Travere through the applicable vesting dates.
  • At Travere Therapeutics we are in rare for life.
  • We are a biopharmaceutical company that comes together every day to help patients, families and caregivers of all backgrounds as they navigate life with a rare disease.

We Help You Legal of Paso Robles Releases the New Report, 'Documents to Include in a Living Trust'

Retrieved on: 
Thursday, July 15, 2021
Geography of California, Equity, Inheritance, American Viticultural Areas, California counties, Trustor, Trust law, Paso Robles station, Paso Robles, California, Law, Paso Robles AVA

People often combine the AHCD and a durable power of attorney with a living trust and the Paso Robles and San Luis Obispo staff of We Help You Legal reports some of the top reasons for doing so.

Key Points: 
  • People often combine the AHCD and a durable power of attorney with a living trust and the Paso Robles and San Luis Obispo staff of We Help You Legal reports some of the top reasons for doing so.
  • A living trust holds assets that are to be distributed upon the death of the trust owner (trustor).
  • The trustee of a living trust also has the responsibility to pay debts before distributing the assets, and these debts may include things such as funeral expenses and medical bills.
  • We Help You Legal assistance with legal documents for living trusts in the Paso Robles and San Luis Obispo offices also provides a downloadable estate plan package that includes:

Northern Trust Releases Annual Corporate Social Responsibility Report

Retrieved on: 
Wednesday, July 14, 2021
Banking, Professional services, Finance, Articles, Equity, Common law, Inheritance, Trust law, Corporate social responsibility, Charitable organization

Northern Trust released its latest Corporate Social Responsibility report today, marking a full decade of transparent, detailed information across the company.

Key Points: 
  • Northern Trust released its latest Corporate Social Responsibility report today, marking a full decade of transparent, detailed information across the company.
  • Connie Lindsey, Head of Corporate Social Responsibility and Global Diversity, Equity & Inclusion, added, Northern Trust is committed to creating more equitable possibilities to achieve long-term financial success for those who face hurdles because of their race, ethnicity, gender, geography or socio-economic conditions.
  • Highlights from the 2020 Corporate Social Responsibility Report include:
    Northern Trust introduced a new, highly focused philanthropic strategy that concentrates volunteerism and contributions on four key areas of fundamental impact: educational excellence, food security, accessible health care and affordable housing.
  • Northern Trusts new global engagement platform, iVolunteer, helps Northern Trust employees identify, engage and develop relationships with local charities.

Statement From Hollysys Trust Equity Committee

Retrieved on: 
Wednesday, July 14, 2021
Electronic design automation, Semiconductor, Data management, Technology, Software, Hardware, Common law, Equity, Inheritance, Trust law

The following is a statement from Hollysys Trust Equity Committee:

Key Points: 
  • The following is a statement from Hollysys Trust Equity Committee:
    Hollysys is a high-tech company providing automation and information solutions for industry and infrastructure.
  • Thanks to the culture, values and beliefs of Hollysys, namely serving customers sincerely and integrity first, Hollysys has achieved steady growth over the years.
  • Hollysys Trust Equity Committee (the Committee) is the management organization of the stock equity incentive trust platform dedicated for Hollysys employees, which is adopted to motivate current and future backbone employees.
  • A large number of Hollysys backbone employees indirectly hold the shares of HOLI through trust contracts with Ace Lead.