Corporate taxation in the United States

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to Their Managed Distribution Policy

Retrieved on: 
Wednesday, August 4, 2021

(b) Sources of cumulative fiscal year-to-date distributions are estimated through October 31, 2021.

Key Points: 
  • (b) Sources of cumulative fiscal year-to-date distributions are estimated through October 31, 2021.
  • The sources of distributions for the one month ended November 30, 2021, are estimated to be 84.10% sourced from income and 15.90% from a return of capital.
  • Legg Mason Partners Fund Advisor, LLC, is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (Franklin Resources).
  • For more information about the Funds, please call 1-888-777-0102 or consult the Funds web site at www.lmcef.com .

Netrepid to be Acquired by Thomas Hogue

Retrieved on: 
Tuesday, August 3, 2021

MECHANICSBURG, Pa., Aug. 3, 2021 /PRNewswire/ --Effective July 1, 2021, Thomas Hogue, the owner of successful technology companies, Gibraltar IT, LLC & Momentum ECM, LLC has entered into a definitive agreement to purchase Annagen, LLC - dba Netrepid.

Key Points: 
  • MECHANICSBURG, Pa., Aug. 3, 2021 /PRNewswire/ --Effective July 1, 2021, Thomas Hogue, the owner of successful technology companies, Gibraltar IT, LLC & Momentum ECM, LLC has entered into a definitive agreement to purchase Annagen, LLC - dba Netrepid.
  • As Tom continues to seek out other businesses with complimentary products, services, and customers he has found Netrepid to be good match.
  • With Tom at the helm of Netrepid since October of 2020, as the interim Manager, Netrepid has become a stable and profitable company with a bright upside.
  • I am personally thrilled to have the opportunity to serve the Netrepid customer's and look forward to being their partner for years to come.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for the Month of August 2021

Retrieved on: 
Monday, August 2, 2021

The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes.

Key Points: 
  • The distributions may be treated as dividend income, return of capital or a combination thereof for tax purposes.
  • This press release is not for tax reporting purposes.
  • Legg Mason Partners Fund Advisor, LLC is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (Franklin Resources).
  • Franklin Resources and its affiliates do not engage in selling shares of the Funds.

Katonah Capital Partners Management LLC and Emil van Essen LLC Announce Merger

Retrieved on: 
Monday, August 2, 2021

Katonah Capital Partners Management LLC and Emil van Essen LLC to combine.

Key Points: 
  • Katonah Capital Partners Management LLC and Emil van Essen LLC to combine.
  • The new company, Katonah EvE LLC, will merge two CTAs with a history of generating non-correlated alpha using different strategies.
  • According to Emil van Essen, Our collaboration has already generated promising new ideas and a more efficient research process.
  • Katonah Capital Partners Management, LLC is a global systematic futures manager incorporating a unique approach of machine learning.

Innovative Health Benefits Company, Gravie, Announces Two New Vice Presidents

Retrieved on: 
Thursday, July 22, 2021

MINNEAPOLIS, July 22, 2021 /PRNewswire/ -- Gravie announced today that two industry leaders have joined the growing health benefits company: Tina Armstrong, vice president of operations and compliance, and Mike Lenz, vice president of network management.

Key Points: 
  • MINNEAPOLIS, July 22, 2021 /PRNewswire/ -- Gravie announced today that two industry leaders have joined the growing health benefits company: Tina Armstrong, vice president of operations and compliance, and Mike Lenz, vice president of network management.
  • "Having their expertise as part of our growing team will help Gravie continue to reimagine health benefits and bring new solutions to brokers, employers and members."
  • In her newly created role at Gravie, she will help lead operations and compliance, as well as lead the ICHRA (Individual Coverage Health Reimbursement Arrangement) with Gravie health plan.
  • Gravie has been at the forefront of driving change and improving the healthcare industry by creating innovative employer-sponsored health benefit solutions that put consumers first.

More Employers Opt Out of Traditional Group Health Plans

Retrieved on: 
Wednesday, July 21, 2021

In the face of rising health care costs, more employers in Georgia are moving away from offering group health insurance plans and are saving up to 15% in the process.

Key Points: 
  • In the face of rising health care costs, more employers in Georgia are moving away from offering group health insurance plans and are saving up to 15% in the process.
  • Contributing to this trend is the introduction of Individual Coverage Health Reimbursement Arrangements (ICHRAs), a new type of health reimbursement arrangement that helps control employee health care costs and offers more flexibility.
  • Digital platforms such as HRASimple reduce the administrative burdens of managing a group health plan and assist companies in executing an ICHRA.
  • HRASimple is an ICHRA administrator with a powerful web-based platform that reduces the in-house burdens of managing a group health plan.

White Oak Commercial Finance Expands Retail Finance Offering to Meet Growing Demand

Retrieved on: 
Wednesday, July 21, 2021

White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industrys increased investment in ecommerce.

Key Points: 
  • White Oak Commercial Finance, LLC (White Oak), an affiliate of White Oak Global Advisors, LLC, announced today that it is expanding its retail offering with the formation of its new National Retail Finance Group to meet the growing demand for custom funding solutions by retail companies pivoting their business models to meet fast-changing market trends, including the industrys increased investment in ecommerce.
  • View the full release here: https://www.businesswire.com/news/home/20210721005029/en/
    White Oak Commercial Finance is expanding its retail offering with the formation of its new National Retail Finance Group (Photo: Business Wire)
    The White Oak teams driving the effort span the U.S. and include this newly formed group led by Bill Kearney, as well as senior regional executives Martin Efron, Charles Sharf, and Gino Clark.
  • ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
    White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy.
  • WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients.

Stagwell Highlights New Developments in Support of the Combination Between Stagwell and MDC Partners (MDCA)

Retrieved on: 
Monday, July 19, 2021

Stagwell is a private equity fund that owns all interests in Stagwell Marketing Group LLC through a wholly owned holding company named Stagwell Marketing Group Holdings LLC.

Key Points: 
  • Stagwell is a private equity fund that owns all interests in Stagwell Marketing Group LLC through a wholly owned holding company named Stagwell Marketing Group Holdings LLC.
  • Stagwell Marketing Group LLC and its businesses are managed by The Stagwell Group, a registered investment advisor.
  • The address of Stagwell is 1808 Eye Street, Floor 6, Washington, D.C., 20006.
  • These documents are available to the shareholders of MDC free of charge from the SECs website at www.sec.gov and from MDCs website at www.mdc-partners.com .

Selectis Health Reports on Capital Raise, OTA, & Purchase of Non-Controlling Interest

Retrieved on: 
Wednesday, July 14, 2021

The Company intends to use the funds for general working capital which included the purchase of the remaining 15% minority interest in the Companys 85% majority interest in its Goodwill Hunting, LLC facility.

Key Points: 
  • The Company intends to use the funds for general working capital which included the purchase of the remaining 15% minority interest in the Companys 85% majority interest in its Goodwill Hunting, LLC facility.
  • On May 20, 2021, the Company completed the purchase of a 15% minority interest in its subsidiary Goodwill Hunting, LLC.
  • As a result of the purchase, the Company now owns 100% of the outstanding interest in Goodwill Hunting, LLC.
  • Additionally, with the purchase of the Goodwill Hunting, LLC minority interest, we now own 100% of all portfolio properties for the first time in the history of the Company.

Ryan Specialty Announces Launch of Initial Public Offering

Retrieved on: 
Monday, July 12, 2021

Ryan Specialty Group Holdings, Inc. (Ryan Specialty) today announced the launch of its initial public offering of its Class A common stock.

Key Points: 
  • Ryan Specialty Group Holdings, Inc. (Ryan Specialty) today announced the launch of its initial public offering of its Class A common stock.
  • Ryan Specialty has applied to list its Class A common stock on the New York Stock Exchange under the symbol RYAN.
  • Upon completion of the proposed initial public offering, Ryan Specialty will be the sole managing member of Ryan Specialty Group, LLC (Ryan Specialty Group) and will exclusively operate and control all of its business and affairs.
  • Ryan Specialty intends to use the net proceeds received from this offering to acquire (i) newly issued LLC units of Ryan Specialty Group, (ii) the equity of an entity through which an affiliate of Onex Corporation (TSX: ONEX) holds its preferred unit interest in Ryan Specialty Group and (iii) outstanding LLC units of Ryan Specialty Group from certain existing holders of LLC units at a purchase price per LLC unit equal to the initial public offering price per share of Class A common stock in this offering, less underwriting fees and commissions.