Investment funds

Acadia Realty Trust to Present at NAREIT’s REITweek®: 2020 Virtual Investor Conference and Provides Update on Operations, Leasing and Other Events

Monday, June 1, 2020 - 11:45pm

A replay of the webcast will be available on the Companys website for 90 days under Investors Presentations & Events.

Key Points: 
  • A replay of the webcast will be available on the Companys website for 90 days under Investors Presentations & Events.
  • As of May 31, 2020, within its Core portfolio, the Company has collected cash and/or reached payment deferral agreements on approximately 70% of combined April and May 2020 billed rents and recoveries.
  • This is comprised of approximately 56% of cash collections and 14% of payment deferral plans.
  • Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual - Core and Fund - operating platforms and its disciplined, location-driven investment strategy.

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Monday, June 1, 2020 - 9:32pm

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.

Angel Oak Financial Strategies Income Term Trust Declares June 2020 Distribution

Monday, June 1, 2020 - 9:30pm

Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1010 per share for the month of June 2020.

Key Points: 
  • Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1010 per share for the month of June 2020.
  • The record date for the distribution is June 16, 2020, and the payable date is June 30, 2020.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2020 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

The Law Offices of Frank R. Cruz Announces Investigation on Behalf of United States Oil Fund, LP Investors (USO)

Friday, May 29, 2020 - 9:00pm

The Law Offices of Frank R. Cruz announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NASDAQ: USO ) investors concerning the Company and its officers possible violations of federal securities laws.

Key Points: 
  • The Law Offices of Frank R. Cruz announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NASDAQ: USO ) investors concerning the Company and its officers possible violations of federal securities laws.
  • If you are a shareholder who suffered a loss, click here to participate.
  • On May 29, 2020, Bloomberg reported that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission had opened probes into the United States Oil Fund, LP.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Friday, May 29, 2020 - 9:30pm

No conclusions should be drawn about BKTs investment performance from the amount of the Funds distributions or from the terms of the Funds Plan.

Key Points: 
  • No conclusions should be drawn about BKTs investment performance from the amount of the Funds distributions or from the terms of the Funds Plan.
  • The amount distributed per share under a Plan is subject to change at the discretion of the applicable Funds Board.
  • The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares.
  • BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the Closed-end Funds section of www.blackrock.com as well as certain other material information as necessary from time to time.

The Korea Fund, Inc. Reports Results for the Fiscal Quarter and Nine Months Ended March 31, 2020

Friday, May 29, 2020 - 9:05pm

Under its share repurchase program, the Fund repurchased 30,146 shares and 87,058 for the fiscal quarter and nine months ended March 31, 2020.

Key Points: 
  • Under its share repurchase program, the Fund repurchased 30,146 shares and 87,058 for the fiscal quarter and nine months ended March 31, 2020.
  • Foreign securities markets generally exhibit greater price volatility and are less liquid than the U.S. market.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.
  • Past performance is no guarantee of future results and the investment returns generated by the Fund will fluctuate.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of United States Oil Fund, LP (USO) on Behalf of Investors

Friday, May 29, 2020 - 7:46pm

Law Offices of Howard G. Smith announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NYSE: USO ) investors concerning the Company and its officers possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith announces an investigation on behalf of United States Oil Fund, LP ("USO" or the "Company") (NYSE: USO ) investors concerning the Company and its officers possible violations of federal securities laws.
  • On May 29, 2020, Bloomberg reported that the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission had opened probes into the United States Oil Fund, LP.
  • The Company's stock has lost 75% of its value in the two months ended April 30.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Statement Pursuant to Section 19(a) of the Investment Company Act of 1940: DDF

Friday, May 29, 2020 - 4:17pm

While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.

Key Points: 
  • While the NAV performance may be indicative of the Funds investment performance, it does not measure the value of a shareholders investment in the Fund.
  • The Funds primary investment objective is to seek high current income; capital appreciation is a secondary objective.
  • Advisory services are provided by Macquarie Investment Management Business Trust, a registered investment advisor.
  • MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities, unless noted otherwise.

Tekla Healthcare Opportunities Fund Paid Distribution

Friday, May 29, 2020 - 3:20pm

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.

Key Points: 
  • 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.
  • Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.
  • Tekla also serves as investment adviser to Tekla Healthcare Investors (NYSE: HQH), Tekla Life Sciences Investors (NYSE: HQL) and Tekla World Healthcare Fund (NYSE: THW), closed-end funds that invest in companies in the healthcare and life sciences industries.
  • Information regarding the Funds and Tekla Capital Management LLC can be found at www.teklacap.com .