Plan | Jotup

SABA Announces $0.029 Dividend

Retrieved on:

Friday, March 1, 2024

Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of $0.029 per share on February 29, 2024, payable on March 28, 2024 to shareholders of record as of March 11, 2024.

Key Points:

Saba Capital Income & Opportunities Fund II (NYSE: SABA) (the “Fund”), a registered closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of $0.029 per share on February 29, 2024, payable on March 28, 2024 to shareholders of record as of March 11, 2024.
As a result, long-term capital gains and/or return of capital may be a material source of any distribution.
No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.
The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares.

Grant of Awards to New MultiPlan CEO, Travis Dalton, under NYSE Listing Rules

Retrieved on:

Friday, March 1, 2024

General Health, Health, Data Management, Other Technology, Technology, Compensated emancipation, MPLN, Plan, Employment

These awards were granted to Mr. Dalton pursuant to the terms of his employment agreement, which was disclosed by the Company on a Form 8-K filed with the SEC on January 4, 2024.

Key Points:

These awards were granted to Mr. Dalton pursuant to the terms of his employment agreement, which was disclosed by the Company on a Form 8-K filed with the SEC on January 4, 2024.
These awards were granted outside the Plan, but except as set forth in the award agreements, will generally be subject to the same terms and conditions as apply to the applicable awards granted under the Company’s 2020 Omnibus Incentive Plan.
The Compensation Committee of MultiPlan’s Board of Directors approved these employment inducement awards in reliance on the employment inducement exception to shareholder approval provided under Section 303A.08 of the NYSE Listed Company Manual.
To comply with the terms of this exemption, these employment inducement awards require public announcement of the awards and written notice to the NYSE.

TDCX Inc. Enters into Definitive Merger Agreement for Going-Private Transaction

Retrieved on:

Friday, March 1, 2024

The Company’s board of directors (the “Board”), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the “Special Committee”), approved the Merger Agreement and the Merger.

Key Points:

The Company’s board of directors (the “Board”), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the “Special Committee”), approved the Merger Agreement and the Merger.
The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
The Company will furnish to the U.S. Securities and Exchange Commission (the “SEC”) a current report on Form 6-K regarding the Merger, which will include as an exhibit thereto the Merger Agreement.
In connection with the Merger, the Company will prepare and mail a Schedule 13E-3 Transaction Statement (the “Schedule 13E-3”) to its shareholders.

BRW Announces $0.085 Dividend

Retrieved on:

Friday, March 1, 2024

Finance, Consulting, Professional Services, Other Professional Services, Asset Management, Acquisition, BRW, Plan, Internal Revenue Code, Weather, Risk, Sale, Nature, Past performance, Character, Earthquake, Security (finance), Gain (electronics), Life insurance

As a result, long-term capital gains and/or return of capital may be a material source of any distribution.

Key Points:

As a result, long-term capital gains and/or return of capital may be a material source of any distribution.
No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.
The Board of Trustees (the “Board”) may amend the terms of the Plan or terminate the Plan at any time without prior notice to Fund shareholders.
The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares.

Trinity Place Holdings Inc. Discloses Communication from NYSE American

Retrieved on:

Friday, March 1, 2024

Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Asset Management, REIT, TPHS, Plan, Common stock, Notice, Security (finance)

Trinity Place Holdings Inc. (NYSE American: TPHS) (the “Company”) announced that on February 21, 2024, the NYSE American notified the Company that it had reviewed the plan of compliance (the “Plan”) that the Company submitted to the NYSE American and determined to accept the Plan and grant a cure period through May 29, 2025.

Key Points:

Trinity Place Holdings Inc. (NYSE American: TPHS) (the “Company”) announced that on February 21, 2024, the NYSE American notified the Company that it had reviewed the plan of compliance (the “Plan”) that the Company submitted to the NYSE American and determined to accept the Plan and grant a cure period through May 29, 2025.
As a result of the acceptance of the Company’s plan of compliance, the Company’s listing is being continued pursuant to an extension.
The NYSE American staff will review the Company periodically for compliance with the initiatives outlined in the Plan.
This notification from the NYSE American has no immediate impact on the listing of the Company’s shares of common stock, par value $0.01 per share (the “Common Stock”), which will continue to be listed and traded on the NYSE American during the period mentioned above, subject to the Company’s compliance with the other listing requirements of the NYSE American.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Retrieved on:

Thursday, February 29, 2024

Banking, Professional Services, Finance, EGF, Plan, Code, BHK, DSU, FRA, BBN, BlackRock, Fund, BLW, BGT

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.

Key Points:

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.
BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Income Trust, Inc. (NYSE: BKT) and BlackRock Taxable Municipal Bond Trust (NYSE: BBN) have adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital.
The fixed amounts distributed per share are subject to change at the discretion of each Fund’s Board of Directors/Trustees.
Each Fund’s estimated sources of the distributions paid as of February 29, 2024 and for its current fiscal year are as follows:
Estimated Allocations as of February 29, 2024

SABA Announces Notification of Sources of Distributions

Retrieved on:

Friday, March 1, 2024

Asset Management, Professional Services, Finance, Acquisition, Plan, Internal Revenue Code, Weather, Performance, Risk, Investment, NAV, Nature, Past performance, Earthquake, Total return, Security (finance), Annual, Fiscal, Life insurance

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points:

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through January 31, 2024.
3Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2023 through January 31, 2024, assuming reinvestment of distributions paid.
No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.

BRW Announces Notification of Sources of Distributions

Retrieved on:

Friday, March 1, 2024

Professional Services, Finance, Acquisition, Plan, Internal Revenue Code, Weather, Performance, Risk, NAV, Nature, Past performance, Earthquake, Total return, Security (finance), Annual, Fiscal, Life insurance

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points:

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
3Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2023 through January 31, 2024, assuming reinvestment of distributions paid.
The above distribution was declared in accordance with the Fund’s currently effective managed distribution plan (the “Plan”), whereby the Fund will make monthly distributions to shareholders at a fixed amount of $0.085 per share.
No conclusions should be drawn about the Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.

Asset Sale and Plan of Liquidation and Dissolution Approved by SQZB Shareholders

Retrieved on:

Thursday, February 29, 2024

Biotechnology, Pharmaceutical, Health, Plan, Special, OTC, Sale, Purchasing, Sales management, DGCL, Columbia, Delaware Court, SQZ, State, Security (finance)

SQZ Biotechnologies Company (OTC: SQZB) (the “Company” or “SQZ”) today announced the results for the proposals considered and voted upon by its shareholders at its special meeting on February 29, 2024 (the “Special Meeting”).

Key Points:

SQZ Biotechnologies Company (OTC: SQZB) (the “Company” or “SQZ”) today announced the results for the proposals considered and voted upon by its shareholders at its special meeting on February 29, 2024 (the “Special Meeting”).
In addition, according to the report of the inspector of election, approximately 98% of votes cast at the meeting – approximately 70% of the outstanding Shares as of the record date – were voted in favor of the liquidation and dissolution of the Company pursuant to the Plan of Liquidation and Dissolution (the “Plan”).
In furtherance of the liquidation and dissolution of the Company pursuant to the Plan, the Company intends to file a certificate of dissolution with the Secretary of State of the State of Delaware on or about March 4, 2024 (the “Effective Time”).
Additional information regarding the Plan and the liquidation and dissolution process can be found in the Company’s proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 23, 2024.

Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Notification of Sources of Distributions

Retrieved on:

Wednesday, February 28, 2024

Asset Management, Professional Services, Finance, Franklin Templeton Investments, Plan, Performance, NAV, Specialization, Fund, Total return, Annual

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points:

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through January 31, 2024.
Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through January 31, 2024, assuming reinvestment of distributions paid.
For further information on Templeton Emerging Markets Income Fund, please visit our web site at: www.franklintempleton.com
Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries.