Yield

PJSC Magnit Announces the Interest Rate of the Coupon Yield against the Exchange-Traded Bonds

Retrieved on: 
Thursday, February 20, 2020

Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Key Points: 
  • Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
  • Press Release | Krasnodar | February 20, 2020
    Krasnodar, Russia (February 20, 2020): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-002-01 series.
  • The interest rate of the 2nd, 3rd, 4th, 5th and 6th coupon periods is equal to the interest rate of the 1st coupon period which amounts to 30 (Thirty) rubles 92 kopecks per one Exchange-traded bond.
  • Reporting period which the Exchange-traded bonds yield is paid for:
    The Exchange-traded bonds have 6 coupon periods.

Corrected: Gabelli Global Small and Mid Cap Value Trust NAV Performance Up 16% and Market Return Up 27%

Retrieved on: 
Wednesday, February 19, 2020

The increase follows on the strength of the Funds market return in 2019, which increased 27%.

Key Points: 
  • The increase follows on the strength of the Funds market return in 2019, which increased 27%.
  • The Board of Trustees will continue to monitor the Funds distribution level, taking into consideration the Funds net asset value and the financial market environment.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
  • The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with $160 million in total net assets whose primary investment objective is to achieve long-term capital growth of capital.

Corrected: Gabelli Convertible and Income Securities Fund NAV Performance up 28% and Market Return Up 46%

Retrieved on: 
Wednesday, February 19, 2020

The distribution follows on the strength of the Funds market return in 2019, which increased 46%.

Key Points: 
  • The distribution follows on the strength of the Funds market return in 2019, which increased 46%.
  • Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available.
  • The Board of Directors will continue to monitor the Funds distribution level, taking into consideration the Funds net asset value and the financial market environment.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Gabelli Go Anywhere Trust Declares First Quarter Distribution of $0.20 Per Share

Retrieved on: 
Wednesday, February 12, 2020

The Funds distribution policy is to pay a quarterly distribution of an amount to be determined by the Board of Trustees.

Key Points: 
  • The Funds distribution policy is to pay a quarterly distribution of an amount to be determined by the Board of Trustees.
  • Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.
  • The Board of Trustees will continue to monitor the Funds distribution level, taking into consideration the Funds net asset value and the financial market environment.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

The GDL Fund Declares First Quarter 2020 Distribution and Raises the June Distribution 20% From $0.10 to $0.12 Per Share

Retrieved on: 
Wednesday, February 12, 2020

The Board of Trustees of The GDL Fund (NYSE:GDL) (the Fund) declared a $0.10 per share cash distribution payable on March 24, 2020 to common shareholders of record on March 17, 2020.

Key Points: 
  • The Board of Trustees of The GDL Fund (NYSE:GDL) (the Fund) declared a $0.10 per share cash distribution payable on March 24, 2020 to common shareholders of record on March 17, 2020.
  • The Board of Trustees authorized a 20% increase in the cash distribution from $0.10 per share to $0.12 per share for June 2020.
  • Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Ellsworth Growth and Income Fund Ltd Reaffirms Its 5% Minimum Distribution Policy and Declares Distribution of $0.13 Per Share

Retrieved on: 
Wednesday, February 12, 2020

The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees.

Key Points: 
  • The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees.
  • Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available.
  • The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
  • Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with $195 million in total net assets.

US yield curve inversion and financial market signals of recession

Retrieved on: 
Friday, February 7, 2020

The inversion of the US yield curve in mid-2019 led to heightened concerns about a possible US recession.

Key Points: 
  • The inversion of the US yield curve in mid-2019 led to heightened concerns about a possible US recession.
  • The US yield curve is often seen as a predictor of recessions: a flattening or inversion of the yield curve (or negative term spread), in which interest rates at the long end are below those at the short end, has often been understood as a signal of an impending recession.
  • In late summer 2019 the US yield curve inverted for the first time since the global financial crisis (see Chart A).
  • This box presents an assessment of the probability of a recession in the United States, taking into account developments that have distorted the signals derived from the current yield curve.
  • Standard yield curve-based recession probability models ignore factors that can distort the signals derived from the current yield curve.
  • [1] Yield curve-based recession models typically relate the probability of recession to a measure of the term spread i.e.
  • First, since the global financial crisis, US long-term yields have been compressed by asset purchases by the Federal Reserve System.
  • As demand from foreign central banks is typically price-inelastic, long-term yield compression is likely to occur independently of recession risks in the US economy.
  • As a consequence, the signals from standard recession probability models based on the yield curve may be distorted.
  • This box presents alternative recession probability models to deal with these possible distortions to the signals from the yield curve.
  • [3] Adjusting the ten-year yield for the effects of QE leads to a markedly larger difference between the three-month and ten-year US Treasury yield (i.e.
  • [5][6] Finally, the US term spread is corrected for these spillovers from APP announcements by adding the estimates to the US ten-year yield.
  • As shown in Chart B, in August 2019, at the point of the greatest yield curve inversion, the predicted one-year-ahead recession probability based on a model using the standard term spread was 37%.

Ivy High Income Opportunities Fund Announces Monthly Distribution

Retrieved on: 
Monday, February 3, 2020

The distribution is expected to be paid from net investment income (regular interest and dividends).

Key Points: 
  • The distribution is expected to be paid from net investment income (regular interest and dividends).
  • Ivy High Income Opportunities Funds investment objective is to seek to provide total return through a combination of a high level of current income and capital appreciation.
  • The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high yield corporate bonds of varying maturities and other fixed income instruments of predominantly corporate issuers, including first- and second-lien secured loans.
  • An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.

QNB Corp. Reports Earnings For Fourth Quarter 2019

Retrieved on: 
Thursday, January 30, 2020

QNB is pleased to report increased net income and earnings per share for the quarter, and record net income and earnings per share for the year ended December 31, 2019.

Key Points: 
  • QNB is pleased to report increased net income and earnings per share for the quarter, and record net income and earnings per share for the year ended December 31, 2019.
  • The yield on average earning assets increased one basis point to 3.92% for the fourth quarter of 2019, compared with the fourth quarter of 2018.
  • QNB recorded a $375,000 provision for loan losses in the fourth quarter of 2019, compared with $187,000 for the same period in 2018.
  • Fees for services to customers declined $7,000 during fourth quarter 2019 compared to fourth quarter 2018, due to less overdraft income and service charges on deposits accounts.

BNY Mellon High Yield Strategies Fund Declares Dividend

Retrieved on: 
Thursday, January 23, 2020

On January 23, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on February 21, 2020 to shareholders of record at the close of business on February 6, 2020.

Key Points: 
  • On January 23, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on February 21, 2020 to shareholders of record at the close of business on February 6, 2020.
  • The ex-dividend date is February 5, 2020.
  • The previous dividend declared in December was $0.0215 per share of beneficial interest.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200123005855/en/