Investment funds

First Trust High Income Long/Short Fund Declares its Monthly Common Share Distribution of $0.105 Per Share for May

Retrieved on: 
Monday, April 22, 2019
Professional services, Finance, Finance, Money, Economy, Investment funds, Unit investment trust, Investment trust, Financial Industry Regulatory Authority, Financial adviser, Brokerage firms

The Fund is a diversified, closed-end management investment company that seeks to provide current income.

Key Points: 
  • The Fund is a diversified, closed-end management investment company that seeks to provide current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.

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

Retrieved on: 
Monday, April 22, 2019
Professional services, Finance, Finance, Money, Economy, Investment funds, Investment companies, Funds, Institutional investors, Exchange-traded fund, Mutual fund, Investment, Investment trust, Closed-end fund

FTA has collective assets under management or supervision of approximately $127 billion as of March 31, 2019 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 $127 billion as of March 31, 2019 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Principal Risk Factors: A Fund's shares will change in value, and you could lose money by investing in a Fund.
  • However, unlike mutual funds, shares may only be redeemed directly from the Fund by authorized participants, in very large creation/redemption units.
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.

Western Asset Intermediate Muni Fund Inc. Announces Results of Annual Meeting of Shareholders

Retrieved on: 
Tuesday, April 16, 2019
Professional services, Banking, Finance, Economy of the United States, Legg Mason, Finance, Investment funds, Western Asset Management Company, BetaShares, Permal Group

Western Asset Intermediate Muni Fund Inc. (the Fund), which is traded on the New York Stock Exchange under the symbol SBI, announced today the results of the votes cast at the Funds annual meeting of shareholders held April 12, 2019.

Key Points: 
  • Western Asset Intermediate Muni Fund Inc. (the Fund), which is traded on the New York Stock Exchange under the symbol SBI, announced today the results of the votes cast at the Funds annual meeting of shareholders held April 12, 2019.
  • The Fund is a non-diversified, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.
  • Contact the Fund at 1-888-777-0102 for more information, or visit the Funds web site at www.lmcef.com .
  • Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

Western Asset Municipal Partners Fund Inc. Announces Results of Annual Meeting of Shareholders

Retrieved on: 
Tuesday, April 16, 2019
Professional services, Banking, Finance, Economy of the United States, Finance, Legg Mason, Investment funds, Western Asset Management Company, BetaShares, Permal Group

Western Asset Municipal Partners Fund Inc. (the Fund), which is traded on the New York Stock Exchange under the symbol MNP, announced today the results of the votes cast at the Funds annual meeting of shareholders held April 12, 2019.

Key Points: 
  • Western Asset Municipal Partners Fund Inc. (the Fund), which is traded on the New York Stock Exchange under the symbol MNP, announced today the results of the votes cast at the Funds annual meeting of shareholders held April 12, 2019.
  • The Fund is a diversified, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.
  • Contact the Fund at 1-888-777-0102 for more information, or visit the Funds web site at www.lmcef.com .
  • Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

Western Asset Municipal Defined Opportunity Trust Inc. Announces Results of Annual Meeting of Shareholders

Retrieved on: 
Tuesday, April 16, 2019
Professional services, Banking, Finance, Economy of the United States, Finance, Legg Mason, Investment funds, Western Asset Management Company, Virtus Investment Partners, BetaShares

Western Asset Municipal Defined Opportunity Trust Inc. (the Fund), which is traded on the New York Stock Exchange under the symbol MTT, announced today the results of the votes cast at the Funds annual meeting of shareholders held April 12, 2019.

Key Points: 
  • Western Asset Municipal Defined Opportunity Trust Inc. (the Fund), which is traded on the New York Stock Exchange under the symbol MTT, announced today the results of the votes cast at the Funds annual meeting of shareholders held April 12, 2019.
  • The Fund is a non-diversified, closed-end management investment company that is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.
  • It is sub-advised by Western Asset Management Company ("WAMCo").
  • Legg Mason, Inc. and its affiliates do not engage in selling shares of the Fund.

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

Retrieved on: 
Wednesday, April 10, 2019
Professional services, Finance, Finance, Money, Economy, Investment funds, Investment companies, Funds, Institutional investors, Closed-end fund, Mutual fund, Investment trust, Unit investment trust, Exchange-traded funds

FTA has collective assets under management or supervision of approximately $127 billion as of March 31, 2019 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 $127 billion as of March 31, 2019 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Principal Risk Factors: A Fund's shares will change in value, and you could lose money by investing in a Fund.
  • First Trust Municipal CEF Income Opportunity ETF (MCEF) and First Trust CEF Income Opportunity ETF (FCEF) invest in closed-end funds (CEFs).
  • In addition, a Fund's investment performance and risks may be related to the investment and performance of the underlying funds.

The Reaves Utility Income Fund Announces Regular Monthly Dividend of $0.17 Per Share

Retrieved on: 
Tuesday, April 9, 2019
Professional services, Banking, Finance, Finance, Money, Economy, Investment funds, Funds, Institutional investors, Stock market, Mutual fund, Investment, Closed-end fund, Share price, Dividend

The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.17 per common share per month, unchanged from the per share rate paid for the previous quarter.

Key Points: 
  • The Reaves Utility Income Fund (NYSE MKT: UTG) announced today the next three monthly dividends at a rate of $0.17 per common share per month, unchanged from the per share rate paid for the previous quarter.
  • As of April 5, 2019, the Funds market price was $33.95 per share and its net asset value was $34.53 per share.
  • The Reaves Utility Income Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do.
  • The share price of a closed-end fund is based on the markets value.

Nuveen Enhances Closed-End Fund Online Resources

Retrieved on: 
Friday, March 29, 2019
Professional services, Banking, Finance, Finance, Money, Nuveen, TIAA, Investment funds, NNO, Closed-end fund, Economy, Companies listed on the New York Stock Exchange

Distribution information and all other Nuveen closed-end fund product updates can be found on Nuveens enhanced closed-end fund resource page on the Nuveen.com website .

Key Points: 
  • Distribution information and all other Nuveen closed-end fund product updates can be found on Nuveens enhanced closed-end fund resource page on the Nuveen.com website .
  • The Nuveen Closed-End Funds will be discontinuing the practice of announcing distributions via press release at the end of this quarter.
  • While Nuveen will continue to issue press releases for certain closed-end fund product actions, regular monthly and quarterly distribution information will no longer be disseminated via press release.
  • For more general closed-end fund information and education, please visit Nuveens closed-end fund website .

Tekla World Healthcare Fund Announces Renewal of Share Repurchase Program

Retrieved on: 
Thursday, March 21, 2019
Health, Other Health, Professional services, Finance, Finance, Money, Economy, Stock market, Investment funds, Share repurchase, Repurchase agreement, Financial market, Closed-end fund, Share, Corporate finance

Tekla World Healthcare Fund (the Fund) announced today that its Board of Trustees authorized a renewal of its share repurchase program.

Key Points: 
  • Tekla World Healthcare Fund (the Fund) announced today that its Board of Trustees authorized a renewal of its share repurchase program.
  • The current share repurchase program allows the Fund to purchase in the open market up to 12% of its outstanding common shares for a one-year period ending July 14, 2019.
  • The share repurchase program is intended to increase the Funds net asset value per share and could also have the benefit of providing additional liquidity in the trading of shares.
  • Tekla World Healthcare Fund (NYSE: THW) is a closed-end fund that invests in companies in the healthcare industry.

Tekla Healthcare Opportunities Fund Announces Renewal of Share Repurchase Program

Retrieved on: 
Thursday, March 21, 2019
Health, Professional services, Finance, General Health, Finance, Money, Economy, Stock market, Investment funds, Funds, Investment, Share repurchase, Repurchase agreement, Financial market, Closed-end fund, Share

Tekla Healthcare Opportunities Fund (the Fund) announced today that its Board of Trustees authorized a renewal of its share repurchase program.

Key Points: 
  • Tekla Healthcare Opportunities Fund (the Fund) announced today that its Board of Trustees authorized a renewal of its share repurchase program.
  • The current share repurchase program allows the Fund to purchase in the open market up to 12% of its outstanding common shares for a one-year period ending July 14, 2019.
  • The share repurchase program is intended to increase the Funds net asset value per share and could also have the benefit of providing additional liquidity in the trading of shares.
  • Tekla Healthcare Opportunities Fund (NYSE: THQ) is a closed-end fund that invests in companies in the healthcare industry.