Mutual funds

MFS Announces Closed-End Fund Distributions

Retrieved on: 
Monday, February 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.

AllianzGI Closed-End Funds Provide Additional Information on Fund Name Changes

Retrieved on: 
Wednesday, January 27, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Investment funds, Closed-end fund, Net asset value, Investment, Institutional investors, Mutual funds, Hedge fund

The transition is expected to result in a one-time adjustment to the reported net asset values of the Funds common shares.

Key Points: 
  • The transition is expected to result in a one-time adjustment to the reported net asset values of the Funds common shares.
  • Effective February 1, 2021, prices, performance and other information for each fund will be available in the closed-end funds section of www.virtus.com .
  • While we have gathered this information from sources believed to be reliable, the Funds cannot guarantee the accuracy of the information provided.
  • Information included herein is not an indication of the Funds future portfolio composition or the extent to which the Funds may utilize leverage.

Macquarie Global Infrastructure Total Return Fund Inc. Announces Share Repurchase Program

Retrieved on: 
Tuesday, January 26, 2021
Professional services, Finance, Finance, Money, Investment funds, Investment, Investment management, Net asset value, Financial market, Closed-end fund, Repurchase agreement, Share repurchase, Mutual funds, Institutional investors

Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (MGU or Fund) today announced that its Board of Directors (Board) has approved a share repurchase program authorizing the Fund to purchase, from time to time, up to 10% of the Funds common shares in open-market transactions, at the discretion of management, in an effort to reduce the Funds market price discount to net asset value.

Key Points: 
  • Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (MGU or Fund) today announced that its Board of Directors (Board) has approved a share repurchase program authorizing the Fund to purchase, from time to time, up to 10% of the Funds common shares in open-market transactions, at the discretion of management, in an effort to reduce the Funds market price discount to net asset value.
  • The share repurchase program is intended to benefit shareholders by enabling the Fund to repurchase shares at a discount to net asset value, thereby increasing the proportionate interest of each remaining shareholder in the Fund.
  • The Board may amend or terminate this program, solely in its discretion, at any time during the duration of the program.
  • About Macquarie Global Infrastructure Total Return Fund Inc.
    Macquarie Global Infrastructure Total Return Fund Inc., a diversified closed-end fund, is listed on the New York Stock Exchange.

Fundata Announces the 2020 FundGrade A+ Award Winners

Retrieved on: 
Friday, January 22, 2021
Finance, Investment, Mutual funds, Institutional investors, Exchange-traded funds, Investment funds

Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - Fundata Canada Inc. is pleased to announce the winners of the Fundata FundGrade A+ Award for 2020.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - Fundata Canada Inc. is pleased to announce the winners of the Fundata FundGrade A+ Award for 2020.
  • The FundGrade A+ Award provides investors, advisors, and fund managers with a single, reliable, easy-to-understand fund-performance rating that is completely quantitative.
  • Receiving the A+ Award for 2020 were 185 mutual funds, 55 exchange-traded funds (ETFs), 104 segregated funds, and 3 Responsible Investing funds.
  • For more information and a complete list of the funds receiving the Fundata FundGrade A+ Rating for the calendar year 2020, please visit www.fundgradeawards.com .

IFIC Monthly Investment Fund Statistics – December 2020

Retrieved on: 
Thursday, January 21, 2021
Finance, Money, Institutional investors, Mutual funds, Investment, Investment fund, Investment management, Hedge fund

IFIC direct survey data (which accounts for approximately 86% 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 86% 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.

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

Retrieved on: 
Wednesday, January 20, 2021
Finance, Money, Investment, Investment funds, 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 Energy Infrastructure Fund Issues Notice Regarding January 2021 Distribution

Retrieved on: 
Friday, January 15, 2021
Banking, 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.

Cavanal Hill Funds offers new hope for yield seekers

Retrieved on: 
Monday, January 11, 2021
Finance, Investment, Dividends, Mutual funds

Cavanal Hill Distributors, Inc., member FINRA, is a wholly-owned subsidiary of BOK Financial Corporation, and an affiliate of BOKF, NA and Cavanal Hill Investment Management, Inc.

Key Points: 
  • Cavanal Hill Distributors, Inc., member FINRA, is a wholly-owned subsidiary of BOK Financial Corporation, and an affiliate of BOKF, NA and Cavanal Hill Investment Management, Inc.
    Past performance does not guarantee future results.
  • An investor should consider the Funds investment objectives, risks, and charges and expenses carefully before investing or sending money.
  • This and other important information about the investment company can be found in the Funds prospectus or summary prospectus.
  • The funds investment in dividend-paying stocks could cause the fund to underperform similar funds that invest without consideration of a companys track record of paying dividends.

MFS Announces Closed-End Fund Distributions

Retrieved on: 
Monday, January 4, 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.

RiverNorth Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, January 4, 2021
Banking, Professional services, Finance, Finance, Money, Economy, Mutual funds, Financial ratios, Investment funds, Institutional investors, Financial markets, Closed-end fund, Investment management, Expense ratio, Rate of return

The change was made to better align the annual reset of the Funds distribution rate with other RiverNorth Closed-End Funds.

Key Points: 
  • The change was made to better align the annual reset of the Funds distribution rate with other RiverNorth Closed-End Funds.
  • Any such returns of capital will decrease the Funds total assets and, therefore, could have the effect of increasing the Funds expense ratio.
  • RiverNorth is an institutional investment manager to registered funds, private funds and separately managed accounts.
  • The Funds referenced above are closed-end funds, and closed-end funds do not continuously issue shares for sale as open-end mutual funds do.