Investment funds

CFRA Offers Complimentary Access to Independent Research to Help Investors Navigate the Coronavirus Crisis

Retrieved on: 
Friday, March 27, 2020
Professional services, Communications, Finance, Consulting, Banking, Public relations, Investor relations, Finance, Money, Economy, Investment funds, Financial data vendors, Investors, Standard & Poor's

CFRA , one of the worlds largest providers of independent investment research, today announced that it will offer individual retail investors complimentary 90-day access to its weekly online investment newsletter, The Outlook .

Key Points: 
  • CFRA , one of the worlds largest providers of independent investment research, today announced that it will offer individual retail investors complimentary 90-day access to its weekly online investment newsletter, The Outlook .
  • Crucial to these efforts is access to high-quality professional research and insights.
  • The best way we can help is by providing complimentary access to our leading investment research to assist as an input in their overall investment strategy and decision-making process.
  • In October 2016, CFRA acquired and has since fully integrated the Equity and Fund Research business from S&P Global.

LDIC Inc. Announces Termination of LDIC North American Infrastructure Fund

Retrieved on: 
Thursday, March 26, 2020
Finance, Money, Economy, Institutional investors, Mutual funds, Investment funds

TORONTO, March 26, 2020 (GLOBE NEWSWIRE) -- LDIC Inc. (the Manager) today announced that the Manager has determined that it is in the best interests of LDIC North American Infrastructure Fund (the Fund) to terminate the Fund on May 29, 2020 (the Termination Date).

Key Points: 
  • TORONTO, March 26, 2020 (GLOBE NEWSWIRE) -- LDIC Inc. (the Manager) today announced that the Manager has determined that it is in the best interests of LDIC North American Infrastructure Fund (the Fund) to terminate the Fund on May 29, 2020 (the Termination Date).
  • The Manager has considered the size of the Fund (which is relatively small) against the operating expenses of the Fund and has determined that it is no longer in the best interests of unitholders to continue the offering of the Fund.
  • The unitholders will be able to redeem and / or initiate switches from the Fund to another mutual fund managed by the Manager, as described in the offering documents of the Fund, up to and including May 28, 2020.
  • The Manager will send a notice to each unitholder in the Fund notifying them of the termination.

Colony Capital Names Severin White as Head of Public Investor Relations

Retrieved on: 
Thursday, March 26, 2020
Other Health, Other Professional Services, Telecommunications, Software, Finance, REIT, Internet, Banking, Other Construction & Property, Professional services, Data management, Technology, Mobile, Wireless, Commercial Building & Real Estate, Construction & Property, Health, Other Travel, Lodging, Travel, Economy, Finance, Money, Investment funds, Financial markets, Corporate finance, Equity securities, Colony Capital, Investor, Private equity, Severin White, Colony Capital

Colony Capital, Inc. (NYSE: CLNY) (Colony or the Company) today announced the appointment of Severin White as Managing Director, Head of Public Investor Relations, effective immediately.

Key Points: 
  • Colony Capital, Inc. (NYSE: CLNY) (Colony or the Company) today announced the appointment of Severin White as Managing Director, Head of Public Investor Relations, effective immediately.
  • With more than 25 years of investment management experience in both private equity and public markets, Severin brings invaluable expertise and leadership to our investor relations program, said Marc Ganzi, Colony Capitals CEO-elect.
  • Mr. White said, Colony Capital is a dynamic business with compelling opportunities ahead.
  • He joins Colony Capital from Niagara Share LLC, a financial advisory practice serving family office investors focused on both public and private investments.

Duff & Phelps Utility and Corporate Bond Trust Inc. Releases Updated Notice of Annual Meeting of Shareholders

Retrieved on: 
Wednesday, March 25, 2020
Finance, Money, Economy, Investment funds, Duff & Phelps, Closed-end fund, Investment management

CHICAGO, March 25, 2020 /PRNewswire/ --Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC), a closed-end fund advised by Duff & Phelps Investment Management Co., today released its updated Notice of Annual Meeting of Shareholders.

Key Points: 
  • CHICAGO, March 25, 2020 /PRNewswire/ --Duff & Phelps Utility and Corporate Bond Trust Inc. (NYSE: DUC), a closed-end fund advised by Duff & Phelps Investment Management Co., today released its updated Notice of Annual Meeting of Shareholders.
  • This action follows its March 17th announcement of the postponement of the Fund's annual meeting of shareholders from March 24, 2020 to April 14, 2020.
  • Shareholders who have questions prior to the meeting may call Di Costa Partners at the phone number provided below.
  • Duff & Phelps Utility and Corporate Bond Trust Inc. is a closed-end diversified investment management company whose primary investment objective is high current income consistent with investing in securities of investment grade quality.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Retrieved on: 
Wednesday, March 25, 2020
Professional services, Finance, Finance, Money, Investment funds, Investment, Exchange-traded funds, Index fund, Closed-end fund, Unit investment trust, Investment trust, ETF, Mutual fund, Source UK Services, Finance, Money, Investment funds, Investment, Exchange-traded funds, Index fund, Closed-end fund, Unit investment trust, Investment trust, ETF, Mutual fund, Source UK Services

FTA has collective assets under management or supervision of approximately $138 billion as of February 29, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $138 billion as of February 29, 2020 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.
  • Certain Funds have fewer assets than larger, more established funds, and like other relatively new funds, large inflows and outflows may impact such Funds' market exposure for limited periods of time.
  • The First Trust Natural Gas ETF, First Trust Water ETF, First Trust Global Engineering and Construction ETF, First Trust Global Wind Energy ETF, First Trust Cloud Computing ETF and First Trust BICK Index Fund are not sponsored, endorsed, sold or promoted by the International Securities Exchange (ISE).

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against PaySign, Inc. (PAYS)

Retrieved on: 
Wednesday, March 25, 2020
Legal, Professional services, Economy, Finance, Money, Investment funds, Civil law, Class action, Investor

Investors suffering losses on their PaySign investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .

Key Points: 
  • Investors suffering losses on their PaySign investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On March 16, 2020, PaySign delayed the filing of its annual report for the fiscal year ended December 31, 2019 due to an ongoing audit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Korea Fund, Inc. Temporarily Halts Its Discount Management Program

Retrieved on: 
Monday, March 23, 2020
Banking, Professional services, Finance, Investment funds, Finance, Closed-end fund, Korea Fund, New York Stock Exchange, Investment

The Korea Fund, Inc. (NYSE: KF) (the Fund) announced today that its Discount Management Program (DMP) has been temporarily halted as from Monday, March 16th, 2020.

Key Points: 
  • The Korea Fund, Inc. (NYSE: KF) (the Fund) announced today that its Discount Management Program (DMP) has been temporarily halted as from Monday, March 16th, 2020.
  • Under such conditions the Board deemed that the Discount Management Program is currently unable to provide cost effective value to stockholders.
  • Directors will continue to monitor the situation on a daily basis and will look to reinstate the program at the earliest opportunity.
  • Closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

Retrieved on: 
Monday, March 23, 2020
Banking, Professional services, Finance, Finance, Economy, Money, Investment funds, Investment, Mathematical finance, Rate of return, Mutual fund fees and expenses, Exchange-traded fund

Investors should not draw any conclusions about the funds investment performance from the amount of the funds distributions or from the terms of the funds managed distribution plan.

Key Points: 
  • Investors should not draw any conclusions about the funds investment performance from the amount of the funds distributions or from the terms of the funds managed distribution plan.
  • The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
  • A return of capital does not necessarily reflect a funds investment performance and should not be confused with yield or income.
  • Common shares of the Funds are only available for purchase/sale on the NYSE at the current market price (NYSE American for MFS California Municipal Fund).

IBD Announces Best Mutual Funds of 2020

Retrieved on: 
Monday, March 23, 2020
Professional services, Communications, Technology, Finance, Internet, Publishing, Finance, Money, Economy, Investment funds, Institutional investors, Mutual funds, Index fund, Investment management, Stock fund, Bond fund, Hedge fund, Exchange-traded fund

Investors Business Daily (IBD), a leading financial news and research organization, today announced the results of its fifth annual Best Mutual Funds Awards .

Key Points: 
  • Investors Business Daily (IBD), a leading financial news and research organization, today announced the results of its fifth annual Best Mutual Funds Awards .
  • This years Best Mutual Funds Award winners were drawn from a universe of 3,374 mutual funds in operation for at least 10 years.
  • These include the six subcategories of U.S. Diversified Stock Funds: Growth Funds, Blend Funds, Value Funds, Large-Cap Funds, Mid-Cap Funds, and Small-Cap Funds.
  • Taxable Bond Funds, International Bond Funds, Municipal Bond Funds and Index Funds.

Luxembourg's Carlisle Management Successfully Concludes Full Deployment of Absolute Return Fund I

Retrieved on: 
Monday, March 23, 2020
Economy, Finance, Money, Investment funds, Financial markets, Specialized investment fund, Investment, Absolute return, Investment management, Leverage, Closed-end fund

LUXEMBOURG, March 23, 2020 /PRNewswire/ -- Carlisle Management Company SCA, a leading investment manager in the life settlements space, has finalized the deployment of its Luxembourg Life Fund: Absolute Return Fund I FCP SIF.

Key Points: 
  • LUXEMBOURG, March 23, 2020 /PRNewswire/ -- Carlisle Management Company SCA, a leading investment manager in the life settlements space, has finalized the deployment of its Luxembourg Life Fund: Absolute Return Fund I FCP SIF.
  • At the same time the gross expected returns at purchase have exceeded our original targets.This gives us confidence in being able to deliver robust investment performance for Absolute Return Fund I.
  • The Absolute Return Fund I offers a number of advantages for investors beginning with limited liquidity risks due to its closed end structure.
  • Finally, Carlisle has successfully executed the drawdown on a new leverage facility, provided by a renowned private lender.