Investment funds

XAI Octagon Floating Rate & Alternative Income Term Trust Prices Public Offering of Common Shares

Retrieved on: 
Wednesday, July 21, 2021
Consulting, Professional services, Finance, Common law, Equity, Inheritance, Trust law, Investment funds, XA Investments, XMS Capital Partners, Octagon Credit Investors, XA INVESTMENTS, XMS CAPITAL PARTNERS, OCTAGON CREDIT INVESTORS

The Trust agreed to sell 3,100,000 Common Shares at a price to the public of $8.50 per Common Share.

Key Points: 
  • The Trust agreed to sell 3,100,000 Common Shares at a price to the public of $8.50 per Common Share.
  • In addition, the Trust has granted the underwriters a 30-day option to purchase up to 465,000 additional Common Shares to cover over-allotments, if any.
  • The Trust intends to invest the net proceeds from the offering in accordance with its investment objective and policies.
  • The Trust, XAI and Octagon do not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

PFD, PFO, FFC, FLC and DFP Announce August, September and October Dividends

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Investment funds, Valuation, Capital appreciation, Investment, Investor, Real estate valuation, Stock fund

The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have declared per share dividends for August, September and October 2021 as detailed below:

Key Points: 
  • An investor should consider the funds investment objective, risks, charges and expenses carefully before investing.
  • A distribution rate that is largely comprised of sources other than income may not be reflective of a funds performance.
  • FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation.
  • DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income.

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for August

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Investment funds, Investment, Exchange-traded fund, Alberta Investment Management Corporation

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021. The ex-dividend date is expected to be August 2, 2021. The monthly distribution information for the Fund appears below.

Key Points: 
  • First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund will seek to achieve its investment objectives by investing in preferred and other income-producing securities.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.0896 Per Share for August

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Finance, Finance, Investment, Investment funds, Institutional investors, Exchange-traded fund, Investment trust

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.0896 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021. The ex-dividend date is expected to be August 2, 2021. The monthly distribution information for the Fund appears below.

Key Points: 
  • First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0896 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021.
  • The Fund pursues these investment objectives by investing primarily in senior secured floating-rate corporate loans.
  • Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

First Trust/Aberdeen Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.08 Per Share for August

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Finance, Finance, Money, Investment, Institutional investors, Investment funds, Mutual fund, Investment management, Exchange-traded funds, Hedge fund

First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021. The ex-dividend date is expected to be August 2, 2021. The monthly distribution information for the Fund appears below.

Key Points: 
  • First Trust/Aberdeen Global Opportunity Income Fund (the "Fund") (NYSE: FAM) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.08 per share payable on August 16, 2021, to shareholders of record as of August 3, 2021.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

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

Retrieved on: 
Tuesday, July 20, 2021
Banking, Professional services, Finance, Finance, Money, Investment funds, Investment, Mutual fund, Exchange-traded fund, Closed-end fund, Investment trust, Unit investment trust, Unit trust

First Trust Advisors L.P. ("FTA") announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $205 billion as of June 30, 2021 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.

Saba Capital Income & Opportunities Fund Announces Expiration and Preliminary Results of Tender Offer

Retrieved on: 
Tuesday, July 20, 2021
Professional services, Finance, Finance, Money, Corporate finance, Economy, Investment funds, Tender offer, Investment, Private equity, Equity securities

Saba Capital Income & Opportunities Fund (NYSE: BRW) (the Fund) today announced the expiration and preliminary results of the Funds tender offer (the Tender Offer) for up to 30% of its outstanding common shares (the Shares).

Key Points: 
  • Saba Capital Income & Opportunities Fund (NYSE: BRW) (the Fund) today announced the expiration and preliminary results of the Funds tender offer (the Tender Offer) for up to 30% of its outstanding common shares (the Shares).
  • The Tender Offer commenced on June 21, 2021 and expired at one minute past 11:59 p.m. Eastern Time on July 19, 2021.
  • The offer to purchase Fund common shares is being made pursuant to an offer on Schedule TO.
  • Saba Capital Income & Opportunities Fund is a publicly-traded registered closed-end management investment company with an investment objective to provide investors with a high level of current income, with a secondary goal of capital appreciation.

Chelverton UK Dividend Trust plc: Net Asset Value(s)

Retrieved on: 
Tuesday, July 20, 2021
Finance, Investment management, Money, Investment funds, Net asset value, Dividend, Investment

Chelverton UK Dividend Trust plc: Net Asset Value(s)

Key Points: 

Chelverton UK Dividend Trust plc: Net Asset Value(s)
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
The Net Asset Value (NAV) at 19/07/2021 was:
Number of shares in issue:

Rights and Issues Investment Trust PLC: Net Asset Value(s)

Retrieved on: 
Tuesday, July 20, 2021
Finance, Money, Investment funds, Investment management, Investment, Financial markets, Net asset value, Investment trust, Issuer

Rights and Issues Investment Trust PLC: Net Asset Value(s)

Key Points: 

Rights and Issues Investment Trust PLC: Net Asset Value(s)
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
The Net Asset Value (NAV) at 19/07/2021 was:
Number of shares in issue:

Rights and Issues Investment Trust PLC: Net Asset Value(s)

Retrieved on: 
Monday, July 19, 2021
Investment funds, Investment management, Financial markets, Net asset value, Investment trust, Issuer, Investment

Rights and Issues Investment Trust PLC: Net Asset Value(s)

Key Points: 

Rights and Issues Investment Trust PLC: Net Asset Value(s)
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
The Net Asset Value (NAV) at 16/07/2021 was:
Number of shares in issue: