Trustee

APhA Changes Executive Leadership

Retrieved on: 
Friday, June 3, 2022

Bernsteins appointment follows the departure of Scott Knoer, PharmD, MS, as Executive Vice-President and CEO.

Key Points: 
  • Bernsteins appointment follows the departure of Scott Knoer, PharmD, MS, as Executive Vice-President and CEO.
  • We have full confidence in Ilisas leadership as Interim CEO during the transition period, said Theresa Tolle, BPharm, FAPhA, APhA President.
  • Dr. Bernstein will tap into her decades of leadership and strategy experience as she transitions into this new role at APhA.
  • Our expert staff and strong volunteer leadership, including many experienced pharmacists, allow us to deliver vital leadership to help pharmacists, pharmaceutical scientists, student pharmacists, and pharmacy technicians find success and satisfaction in their work and advocate for changes that benefit them, their patients, and their communities.

Delaware Enhanced Global Dividend and Income Fund Announces Distributions

Retrieved on: 
Thursday, June 2, 2022

Today, Delaware Enhanced Global Dividend and Income Fund (the Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol DEX, declared a monthly distribution of $0.0573 per share.

Key Points: 
  • Today, Delaware Enhanced Global Dividend and Income Fund (the Fund), a New York Stock Exchange-listed closed-end fund trading under the symbol DEX, declared a monthly distribution of $0.0573 per share.
  • The Fund also uses enhanced income strategies by engaging in dividend capture trading; option overwriting; and realization of gains on the sale of securities, dividend growth, and currency forwards.
  • In addition, the Fund utilizes leveraging techniques in an attempt to obtain higher return for the Fund.
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Delaware Investments® Dividend and Income Fund, Inc. Announces Distributions

Retrieved on: 
Thursday, June 2, 2022

Today, Delaware Investments Dividend and Income Fund, Inc. (the Fund), a New York Stock Exchangelisted closed-end fund trading under the symbol DDF, declared a monthly distribution of $0.0635 per share.

Key Points: 
  • Today, Delaware Investments Dividend and Income Fund, Inc. (the Fund), a New York Stock Exchangelisted closed-end fund trading under the symbol DDF, declared a monthly distribution of $0.0635 per share.
  • The primary investment objective is to seek high current income; capital appreciation is a secondary objective.
  • A return of capital distribution does not necessarily reflect the Funds investment performance and should not be confused with yield or income.
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Income Research + Management Adds Advisory Member to Board of Trustees

Retrieved on: 
Thursday, June 2, 2022

Income Research + Management (Income Research or IR+M), a fixed income asset management firm based in Boston, today announced the addition of a new Advisory Member to its Board of Trustees.

Key Points: 
  • Income Research + Management (Income Research or IR+M), a fixed income asset management firm based in Boston, today announced the addition of a new Advisory Member to its Board of Trustees.
  • Bill Lawrence, CFA, former Chief Investment Officer of Traditional Assets at SEI Investments, joined the Board on April 1.
  • The Advisory Members aid the Board and IR+Ms leadership team on matters pertaining to management, operations, and strategic positioning within the asset management industry.
  • The Advisory Board Members provide external and independent counsel to the three Fiduciary Board Members and management.

PennyMac Mortgage Investment Trust Declares Second Quarter 2022 Dividend for Its Common Shares

Retrieved on: 
Thursday, June 2, 2022

PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.47 per common share of beneficial interest for the second quarter of 2022.

Key Points: 
  • PennyMac Mortgage Investment Trust (NYSE: PMT) announced today that its Board of Trustees declared a cash dividend of $0.47 per common share of beneficial interest for the second quarter of 2022.
  • This dividend will be paid on July 28, 2022, to common shareholders of record as of July 14, 2022.
  • PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related assets.
  • PMT is externally managed by PNMAC Capital Management, LLC, a wholly-owned subsidiary of PennyMac Financial Services, Inc. (NYSE: PFSI).

Tenet Calls for Full Redemption of 6.750% Senior Notes due 2023

Retrieved on: 
Wednesday, June 1, 2022

(the Trustee), as supplemented by the Supplemental Indenture thereto, dated as of June 16, 2015, among Tenet and the Trustee (collectively, the Indenture).

Key Points: 
  • (the Trustee), as supplemented by the Supplemental Indenture thereto, dated as of June 16, 2015, among Tenet and the Trustee (collectively, the Indenture).
  • Tenet expects the Redemption Price to be approximately $70 million.
  • Forward-looking statements by their nature address matters that are, to different degrees, uncertain, especially with regard to developments related to COVID-19.
  • Across the Tenet enterprise, we are united by our mission to deliver quality, compassionate care in the communities we serve.

Industrial Logistics Properties Trust Announces Annual Meeting Results

Retrieved on: 
Wednesday, June 1, 2022

Industrial Logistics Properties Trust (Nasdaq: ILPT) announced the results of its 2022 Annual Meeting of Shareholders which was held today.

Key Points: 
  • Industrial Logistics Properties Trust (Nasdaq: ILPT) announced the results of its 2022 Annual Meeting of Shareholders which was held today.
  • The final tabulation of the percentage of shareholders votes cast for this Trustee is as follows:
    Kevin C. Phelan was re-elected as an Independent Trustee.
  • Mr. Jordan will serve the remainder of Mr. Murrays term until he stands for election at the 2023 annual meeting.
  • Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce.

Nuveen Emerging Markets Debt 2022 Target Term Fund Announces Wind-Up Period

Retrieved on: 
Thursday, June 2, 2022

Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE: JEMD) has entered the wind-up period in anticipation of its termination date.

Key Points: 
  • Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE: JEMD) has entered the wind-up period in anticipation of its termination date.
  • The fund is a target term fund that will cease its investment operations and liquidate its portfolio on or about December 1, 2022 and distribute the net proceeds to shareholders, unless the term is extended for a period of up to six months by a vote of the funds Board of Trustees.
  • Based on current market conditions, the fund does not anticipate returning the Original NAV at its termination.
  • Under normal circumstances, the fund invests at least 80% of its managed assets in emerging market debt securities.

Gabelli Utilities Fund Reaffirms $0.88 Distribution Policy and Announces New C1 Class

Retrieved on: 
Wednesday, June 1, 2022

The Board of Trustees (the Board) of The Gabelli Utilities Fund (the Fund) reaffirmed the Funds annual distribution rate of $0.88 per share for Class I, Class A, Class AAA, and Class C shareholders.

Key Points: 
  • The Board of Trustees (the Board) of The Gabelli Utilities Fund (the Fund) reaffirmed the Funds annual distribution rate of $0.88 per share for Class I, Class A, Class AAA, and Class C shareholders.
  • The Board also announced Class C shares (ticker: GAUCX) were renamed Class C1.
  • The new Class C shares, which will have similar attributes to the Class C1 shares, will have an annual distribution rate of $0.88 per share.
  • The new Class C shares will have a cash distribution of approximately 11% of NAV at inception, a similar rate to Class I, Class A, and Class AAA shares.

XAI Octagon Floating Rate & Alternative Income Term Trust Declares its Monthly Common Shares Distribution of $0.073 per Share

Retrieved on: 
Wednesday, June 1, 2022

Shareholders should not assume that the source of a distribution from the Trust is net income or profit.

Key Points: 
  • Shareholders should not assume that the source of a distribution from the Trust is net income or profit.
  • The Trusts net investment income and capital gain can vary significantly over time; however, the Trust seeks to maintain more stable common share monthly distributions over time.
  • The Trusts final taxable income for the current fiscal year will not be known until the Trusts tax returns are filed.
  • The common share distributions paid by the Trust for any particular period may be more than the amount of net investment income from that period.