NAV

YieldMax™ ETFs Announces Monthly Distributions on Fund of Funds ETFs

Retrieved on: 
Wednesday, February 14, 2024

“Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs.

Key Points: 
  • “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs.
  • The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs.
  • Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero.
  • The repetitive payment of distributions may significantly erode an Underlying YieldMax™ ETF’s NAV and trading price over time, potentially resulting in notable losses for investors (including the Fund).

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Retrieved on: 
Monday, February 12, 2024

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.

Key Points: 
  • 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.
  • An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.
  • The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.
  • However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Retrieved on: 
Monday, February 12, 2024

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • 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.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.
  • The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans.

BNY Mellon Unveils New Basket Construction Platform for ETF Services

Retrieved on: 
Monday, February 12, 2024

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK), the global financial services company, announced today the launch of its next-gen ETF basket construction platform. The new comprehensive platform will provide asset managers with a digital workflow, backed by start-of-day net asset value (NAV) data, to present vital market-making information to liquidity providers. This solution will support asset managers in valuing, creating, and publishing basket information more efficiently in the rapidly growing ETF market, allowing them to better serve their clients. 

Key Points: 
  • NEW YORK, Feb. 12, 2024 /PRNewswire/ -- BNY Mellon (NYSE: BK), the global financial services company, announced today the launch of its next-gen ETF basket construction platform.
  • "Through evolving our technology platform, this ultra-transparent user portal connects market participants to ETFs at any point in the lifecycle and strengthens the broader ETF ecosystem," said Christine Waldron, Global Head of Fund Services, BNY Mellon.
  • BNY Mellon collaborated with its clients to design and develop the new platform to address the evolving challenges of an ETF manager.
  • "This breakthrough in ETF technology can help greatly reduces complexity in the front-office ETF process," said Bob Humbert, Global Head of ETF Product, BNY Mellon.

Edison issues update on Custodian Property Income REIT (CREI): On track to meet dividend target

Retrieved on: 
Monday, February 12, 2024

Custodian Property Income REIT (CREI) has released a trading update for the three months to 31 December 2023 (Q424).

Key Points: 
  • Custodian Property Income REIT (CREI) has released a trading update for the three months to 31 December 2023 (Q424).
  • The quarterly DPS was fully covered by unaudited EPRA earnings and was in line with the full year target of at least 5.5p; at the current share price the target DPS reflects a yield of 8%.
  • CREI’s 8.0% prospective dividend yield compares with a 4.1% yield on the 10-year UK gilt.
  • The discount to Q324 unaudited Q324 NAV is 26%.

The Herzfeld Caribbean Basin Fund, Inc. To Conduct a Tender Offer for up to 10% of Outstanding Common Shares

Retrieved on: 
Friday, February 9, 2024

The formal offer and detailed terms of the tender offer will be announced in the coming days.

Key Points: 
  • The formal offer and detailed terms of the tender offer will be announced in the coming days.
  • The above statements are not intended to constitute an offer to participate in any tender offer.
  • The tender offer will be made by an offer to purchase, a related letter of transmittal, and other documents to be filed with the SEC.
  • Shareholders of the Fund should read the offer to purchase and tender offer statement and related exhibits when those documents are filed and become available, as they will contain important information about the tender offer.

Columbia Seligman Premium Technology Growth Fund Announces a First Quarter Distribution: 9.25% Annual Rate for IPO Investors

Retrieved on: 
Friday, February 9, 2024

Average annual total return of a share of the Fund’s common stock at NAV for the period since inception of Fund investment operations through the period noted includes the 4.50% sales load assessed to IPO investors.

Key Points: 
  • Average annual total return of a share of the Fund’s common stock at NAV for the period since inception of Fund investment operations through the period noted includes the 4.50% sales load assessed to IPO investors.
  • As portfolio and market conditions change, the rate of distributions on the shares and the Fund’s distribution policy could change.
  • Columbia Threadneedle Investments (Columbia Threadneedle) is the global brand name of the Columbia and Threadneedle group of companies.
  • Columbia Seligman Premium Technology Growth Fund is managed by Columbia Management Investment Advisers, LLC.

ThreeD Capital Inc. Announces Unaudited January 31, 2024 Net Asset Value Per Share - $0.82

Retrieved on: 
Thursday, February 8, 2024

TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at January 31, 2024, its unaudited net asset value per share (“NAV”) was $0.82.

Key Points: 
  • TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that at January 31, 2024, its unaudited net asset value per share (“NAV”) was $0.82.
  • NAV is calculated based on unaudited month-end financial information.
  • Use of Non-GAAP Financial Measures:
    This press release contains references to NAV or “net asset value per share” which is a non-GAAP financial measure.
  • NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding as at a specific date.

Great Elm Group, Inc. (“GEG”) Invests $6 Million to Support a $24 million Equity Raise for Great Elm Capital Corp. (“GECC”) at Net Asset Value

Retrieved on: 
Thursday, February 8, 2024

“This transaction leverages GEG’s key attributes to create a beneficial outcome for all stakeholders,” said Jason Reese, GEG’s Chief Executive Officer.

Key Points: 
  • “This transaction leverages GEG’s key attributes to create a beneficial outcome for all stakeholders,” said Jason Reese, GEG’s Chief Executive Officer.
  • “Raising equity at NAV for our permanent capital vehicle, GECC, will help leverage our infrastructure and help scale our credit platform.
  • In addition, we believe our investment in the special purpose vehicle will deliver a strong return and allow us to grow our recurring revenue streams.
  • We are pleased to have continued support from GEG which will further enable GECC to scale its portfolio and deliver for investors.”

PhenixFIN Corporation Announces Fiscal First Quarter 2024 Financial Results

Retrieved on: 
Thursday, February 8, 2024

NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX, PFXNZ) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal first quarter of 2024.

Key Points: 
  • NEW YORK, Feb. 08, 2024 (GLOBE NEWSWIRE) -- PhenixFIN Corporation (NASDAQ: PFX, PFXNZ) (the "Company"), a publicly traded business development company, today announced its financial results for the fiscal first quarter of 2024.
  • First quarter total investment income of $5.7 million; net investment income of $1.7 million
    Net asset value (NAV) of $150.7 million, or $73.14 per share as of December 31, 2023
    Repurchased 13,223 shares as of December 31, 2023
    David Lorber, Chief Executive Officer of the Company, stated:
    Selected First Quarter 2024 Financial Results for the Quarter Ended December 31, 2023:
    Total investment income was $5.7 million which was attributable to portfolio interest and dividend income.
  • Total net expenses were $4.0 million and total net investment income was $1.7 million.
  • The Company had 4 portfolio company investments on non-accrual status with a fair market value of $8.9 million.