Mutual funds

The Fairholme Focused Income Fund Announces Dividend

Retrieved on: 
Friday, June 25, 2021
Banking, Professional services, Finance, Institutional investors, Mutual funds, Investment, Economy, Hedge fund, Active management

The prospectus contains this and other important information about the Fund, and it may be obtained by calling Shareholder Services at (866) 202-2263 or visiting our website www.fairholmefunds.com .

Key Points: 
  • The prospectus contains this and other important information about the Fund, and it may be obtained by calling Shareholder Services at (866) 202-2263 or visiting our website www.fairholmefunds.com .
  • The Fund is a non-diversified mutual fund, which means that the Fund invests in a smaller number of securities when compared to more diversified funds.
  • This strategy exposes the Fund and its shareholders to greater risk of loss from adverse developments affecting portfolio companies.
  • Compared to higher-rated fixed income securities, lower-rated debt may entail greater risk of default and market volatility.

Canoe Financial announces changes to sub-advisor and Low Load purchase option

Retrieved on: 
Monday, June 21, 2021
Institutional investors, Mutual funds

CALGARY, Alberta, June 21, 2021 (GLOBE NEWSWIRE) -- Canoe Financial LP (Canoe Financial) today announced sub-advisory changes for Canoe Canadian Small Mid Cap Portfolio Class and the global equity portion of Canoe Defensive Global Balanced Fund.

Key Points: 
  • CALGARY, Alberta, June 21, 2021 (GLOBE NEWSWIRE) -- Canoe Financial LP (Canoe Financial) today announced sub-advisory changes for Canoe Canadian Small Mid Cap Portfolio Class and the global equity portion of Canoe Defensive Global Balanced Fund.
  • Additionally, Canoe Financial announced its intention to discontinue the Low Load purchase option for new purchases.
  • Canoe Financial will remain as portfolio manager and will manage the investment portfolio of the fund.
  • Effective on or about June 1, 2022, Canoe Financial is closing the Low Load purchase option to new investments in Canoe mutual funds as a result of the decision of the Canadian Securities Administrators to ban deferred sales charges (DSC), including low load options, on mutual funds.

PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Closed End Funds

Retrieved on: 
Monday, June 21, 2021
Finance, Money, Investment funds, Investment, Investment management, Open-end fund, Closed-end fund, Net asset value, PIMCO, Institutional investors, Mutual funds, Exchange-traded fund

The Manager, PIMCO Canada, retains Pacific Investment Management Company, LLC (PIMCO), to provide investment management services to the Funds.

Key Points: 
  • The Manager, PIMCO Canada, retains Pacific Investment Management Company, LLC (PIMCO), to provide investment management services to the Funds.
  • Closed end funds, unlike open end funds, are not continuously offered.
  • After the initial public offering, shares of closed end funds are sold on the open market through a stock exchange.
  • Units of closed end funds frequently trade at a discount to their net asset value, which may increase risk of loss.

First Trust Senior Floating Rate 2022 Target Term Fund Declares its Monthly Common Share Distribution of $0.0103 Per Share for July

Retrieved on: 
Monday, June 21, 2021
Professional services, Finance, Investment management, Institutional investors, Mutual funds

First Trust Senior Floating Rate 2022 Target Term Fund (the "Fund") (NYSE: FIV) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0103 per share payable on July 15, 2021, to shareholders of record as of July 2, 2021.

Key Points: 
  • First Trust Senior Floating Rate 2022 Target Term Fund (the "Fund") (NYSE: FIV) has declared the Funds regularly scheduled monthly common share distribution in the amount of $0.0103 per share payable on July 15, 2021, to shareholders of record as of July 2, 2021.
  • "Managed Assets" means the total asset value of the Fund minus the sum of its liabilities, other than the principal amount of borrowings.
  • As a result, based on current market conditions and expectations, the Fund believes that it is unlikely to achieve its objective of returning $9.85 per Common Share upon its termination.
  • As a result of these actions, investors should anticipate periodic reductions in the Fund's distribution per share going forward.

IFIC Monthly Investment Fund Statistics – May 2021

Retrieved on: 
Thursday, June 17, 2021
Finance, Money, Institutional investors, Mutual funds, Investment, Investment management, Investment fund, Hedge fund

IFIC direct survey data (which accounts for approximately 91% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.

Key Points: 
  • IFIC direct survey data (which accounts for approximately 91% of total mutual fund industry assets) is complemented by data from Investor Economics to provide comprehensive industry totals.
  • * Important Information Regarding Investment Fund Data:
    Mutual fund data is adjusted to remove double counting arising from mutual funds that invest in other mutual funds.
  • The Investment Funds Institute of Canada is the voice of Canadas investment funds industry.
  • IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals.

First Trust Energy Infrastructure Fund Issues Notice Regarding June 2021 Distribution

Retrieved on: 
Tuesday, June 15, 2021
Professional services, Finance, Finance, Money, Economy, Institutional investors, Mutual funds, Exchange-traded fund, Rate of return, Hedge fund, Net asset value

A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.
  • 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.

Friedberg Global-Macro Hedge Fund to Limit New Subscriptions to Match Cash Outflows

Retrieved on: 
Thursday, June 10, 2021
Institutional investors, Finance, Money, Investment, Mutual funds, Hedge fund, Prospectus, Fund

TORONTO, June 10, 2021 (GLOBE NEWSWIRE) -- Toronto Trust Management Ltd. (TTML) announced today that, until further notice, acceptance of new subscriptions for units of Friedberg Global-Macro Hedge Fund (the Fund), one of the Friedberg Alternative Mutual Funds, will be limited so as to match, as clearly as possible, the amount of cash outflows of the Fund, primarily due to redemptions and fees.

Key Points: 
  • TORONTO, June 10, 2021 (GLOBE NEWSWIRE) -- Toronto Trust Management Ltd. (TTML) announced today that, until further notice, acceptance of new subscriptions for units of Friedberg Global-Macro Hedge Fund (the Fund), one of the Friedberg Alternative Mutual Funds, will be limited so as to match, as clearly as possible, the amount of cash outflows of the Fund, primarily due to redemptions and fees.
  • Units of the Fund are offered under the simplified prospectus of the Friedberg Alternative Mutual Funds.
  • That simplified prospectus and the Fund Facts document of the Fund have been filed, and can be viewed, at www.SEDAR.com .
  • TTML will review this decision on an ongoing basis, with a view to fully reopening the Fund to new subscriptions when appropriate.

MFS Announces Closed-End Fund Distributions

Retrieved on: 
Tuesday, June 1, 2021
Banking, Professional services, Finance, Finance, Money, Investment, Institutional investors, Mutual funds, Form, Financial market, Investment management, Investment funds

The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.

Key Points: 
  • The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
  • The fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.
  • In addition, in order to make the level of distributions called for under its plan, the fund may have to sell portfolio securities at a less than opportune time.
  • In 1924, MFS launched the first US open-end mutual fund, opening the door to the markets for millions of everyday investors.

Faircourt Asset Management Inc. Announces May Distributions

Retrieved on: 
Saturday, May 22, 2021
Finance, Money, Investment management, Investment, Net asset value, Investment funds, Institutional investors, Mutual funds, Subprime mortgage crisis, Open-end fund, Investment club

If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.\nThere are ongoing fees and expenses associated with owning units of an investment fund.

Key Points: 
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.\nThere are ongoing fees and expenses associated with owning units of an investment fund.
  • An investment fund must prepare disclosure documents that contain key information about the fund.
  • You can find more detailed information about the fund in the public filings available at www.sedar.com.
  • Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.\n'

Vanguard Announces Cash Distributions for the Vanguard ETFs (VAB, VSB, VSC, VLB, VCB, VGV, VRE, and VDY)

Retrieved on: 
Friday, May 21, 2021
Finance, Money, Investment fund, Expense, Economy, Institutional investors, Mutual funds, Investment, Financial ratios, Hedge fund

b'Commissions, management fees, and expenses all may be associated with investment funds.

Key Points: 
  • b'Commissions, management fees, and expenses all may be associated with investment funds.
  • Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing.
  • Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.
  • No responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication.