Federal

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1375 Per Share for April

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Finance, Uncertainty, Hamas, New York Stock Exchange, Bankruptcy, FTP, Infection, ERISA, Risk, Trust, FTA, Federal, AIB (NI), COVID-19, Terrorism, NAV, Judgement, Investment, Fraud, Interest, Internal Revenue Code, Federal Reserve, Fund, FINRA, Security (finance)

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.

Key Points: 
  • First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE: FPF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.1375 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.
  • The Fund has a practice of seeking to maintain a relatively stable monthly distribution which may be changed periodically.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund seeks to achieve its investment objectives by investing in preferred and other income-producing securities.

First Trust Energy Infrastructure Fund Declares its Monthly Common Share Distribution of $0.10 Per Share for April

Retrieved on: 
Wednesday, March 20, 2024
Banking, Professional Services, Finance, Uncertainty, Hamas, New York Stock Exchange, Natural gas, FTP, Plan, Infection, EIP, ERISA, Risk, FTA, Trustee, Federal, AIB (NI), COVID-19, Terrorism, Policy, Security (finance), Judgement, Investment, Internal Revenue Code, Federal Reserve, MLP, Petroleum, FINRA, Life insurance

First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.

Key Points: 
  • First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.10 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.
  • Under the Plan, the Fund intends to continue to pay a recurring monthly distribution that reflects the distributable cash flow of the Fund.
  • This distribution will consist of net investment income earned by the Fund and return of capital and may also consist of net short-term realized capital gains.
  • The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector.

First Trust High Yield Opportunities 2027 Term Fund Declares its Monthly Common Share Distribution of $0.13 Per Share for April

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Finance, Uncertainty, Hamas, New York Stock Exchange, FTP, Infection, ERISA, Environment, Risk, FTA, COVID-19, Federal, AIB (NI), Terrorism, NAV, Judgement, Debt-to-GDP ratio, Investment, Internal Revenue Code, Federal Reserve, Nationalization, Fund, FINRA, Security (finance)

First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.13 per share payable on April 25, 2024, to shareholders of record as of April 2, 2024.

Key Points: 
  • First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.13 per share payable on April 25, 2024, to shareholders of record as of April 2, 2024.
  • The Fund has a practice of seeking to maintain a relatively stable monthly distribution which may be changed periodically.
  • High yield debt securities include U.S. and non-U.S. corporate debt obligations and senior, secured floating rate loans ("Senior Loans").
  • The Fund is not a "target term" Fund and its primary objective is to provide high current income.

First Trust Mortgage Income Fund Declares its Monthly Common Share Distribution of $0.0825 Per Share for April

Retrieved on: 
Wednesday, March 20, 2024
Consulting, Professional Services, Finance, Failure, Uncertainty, Hamas, New York Stock Exchange, FTP, Infection, ERISA, Risk, FTA, COVID-19, Federal, AIB (NI), Terrorism, Sale, Judgement, Investment, Internal Revenue Code, Federal Reserve, Fund, FINRA, FMY

First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.0825 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.

Key Points: 
  • First Trust Mortgage Income Fund (the "Fund") (NYSE: FMY) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.0825 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • 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.

Nutanix Files Theft of Intellectual Property Lawsuit Against Tessell, Inc.

Retrieved on: 
Wednesday, March 20, 2024
Legal, Software, Internet, Patent Law, Data Management, Professional Services, Technology, Other Technology, District court, Theft, Employment, Behavior, History, Federal

As alleged in the Federal complaint, Tessell’s founders include former Nutanix employees Bala Kuchibhotla, Kamal Khanuja, and Bakul Banthia.

Key Points: 
  • As alleged in the Federal complaint, Tessell’s founders include former Nutanix employees Bala Kuchibhotla, Kamal Khanuja, and Bakul Banthia.
  • The complaint against Tessell alleges that, during their employment with Nutanix, these former employees covertly designed, built, demonstrated, and secured financing for the future Tessell product, using Nutanix source code, servers and other resources.
  • Nutanix also announced that it is commencing separate arbitration proceedings against the Tessell founders per their Nutanix employee agreements.
  • Nutanix Database Service is a valued part of the Company’s product portfolio, and unfettered theft of its intellectual property and source code cannot go unaddressed.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for April

Retrieved on: 
Wednesday, March 20, 2024
Professional Services, Finance, Uncertainty, Hamas, New York Stock Exchange, FTP, Infection, ERISA, Debtor, Risk, FTA, COVID-19, Federal, AIB (NI), Terrorism, NAV, Judgement, Investment, Internal Revenue Code, Federal Reserve, Fund, FINRA, Security (finance)

First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.

Key Points: 
  • First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund’s regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on April 15, 2024, to shareholders of record as of April 2, 2024.
  • The Fund has a practice of seeking to maintain a relatively stable monthly distribution which may be changed periodically.
  • The Fund pursues these investment objectives by investing primarily in senior secured floating-rate corporate loans.
  • Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in lower grade debt instruments.

Carrington Mortgage Services Introduces Closed-End Fixed-Rate Second Lien for Wholesale and Correspondent Lending

Retrieved on: 
Tuesday, March 19, 2024
Finance, Banking, Professional Services, Residential Building & Real Estate, Construction & Property, USDA, Organization, Documentation, EVP, Federal, SVP, FHA, Broker, Federal Reserve, CMS, Real estate

Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.

Key Points: 
  • Carrington Mortgage Services, LLC (CMS), one of the nation’s largest privately held non-bank lenders, boasts an impressive slate of loan offerings and services direct to consumers, investors, mortgage brokers and mortgage bankers nationwide.
  • To add to its diverse non-QM lending offerings, CMS is introducing a Closed-End Fixed-Rate Second Lien product for its wholesale and correspondent lending customers.
  • With this equity comes opportunity; but in a high-interest-rate environment, a second lien is a better option for many homeowners.
  • For more information about Carrington Charitable Foundation, and the organizations and programs it supports through specific fundraising efforts, please visit: carringtoncf.org .

Redfin Home Price Index: Prices Rose 0.6% in February, Marking Return to Pre-Pandemic Norm

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Data Analytics, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Insurance, Fell, Housing, Federal, Real estate

U.S. home prices climbed 6.7% from a year earlier in February, similar to the 6.9% average annual gain in the years leading up to the pandemic.

Key Points: 
  • U.S. home prices climbed 6.7% from a year earlier in February, similar to the 6.9% average annual gain in the years leading up to the pandemic.
  • By comparison, prices rose by as much as 22.9% year over year in March 2022 and by as little as 3.4% in June 2023.
  • This is according to the February Redfin Home Price Index (RHPI), covering the three months ending Feb. 29, 2024.
  • In Nassau County, NY, home prices rose 2% from a month earlier in February—the biggest increase among the top 50 metros.

ATCC Announces Award from the National Cancer Institute to Provide Biospecimen Processing Services and Assays for Cancer Research

Retrieved on: 
Tuesday, March 19, 2024
Biotechnology, Health, Oncology, Clinical Trials, NCI, BAAS, Research, HHS, National Cancer Institute, Cancer, Doctor of Philosophy, IDIQ, NIH, MBA, PMP, National Institutes of Health, Division, Bangladesh Technical Education Board, Collection, Federal, Federation

This task order, 75N91022D0002.75N91024F00001, under the Division of Cancer Epidemiology and Genetics (DCEG) Field and Biospecimen Support Services’ Multiple Award Indefinite Delivery/Indefinite Quantity (IDIQ), will assist the DCEG’s Biospecimen Activity and Assay Support (BAAS) program by providing biospecimen processing services, as well as molecular and genetic assays, for epidemiologic and clinical cancer research studies.

Key Points: 
  • This task order, 75N91022D0002.75N91024F00001, under the Division of Cancer Epidemiology and Genetics (DCEG) Field and Biospecimen Support Services’ Multiple Award Indefinite Delivery/Indefinite Quantity (IDIQ), will assist the DCEG’s Biospecimen Activity and Assay Support (BAAS) program by providing biospecimen processing services, as well as molecular and genetic assays, for epidemiologic and clinical cancer research studies.
  • “For more than a decade, we have been supporting researchers within the DCEG community by supplying the high-quality biospecimen processing services they need to achieve results and scientific breakthroughs,” said ATCC chairman and CEO Raymond H. Cypess, DVM, PhD.
  • “At ATCC, we offer credible high-quality clinical services that support complex research,” said Rebecca Bradford , MBA, MS, PMP, vice president of Government Programs within ATCC Federal Solutions .
  • “With this new DCEG contract, we continue to provide innovative solutions to support its Biospecimen Activity and Assay Support program.”

LegalShield Consumer Stress Legal Index: February Results Show Persistent Elevated Consumer Stress Amid Interest Rate Holding Pattern

Retrieved on: 
Tuesday, March 19, 2024
Personal Finance, Finance, Consulting, Professional Services, Legal, Consumer, Millennials, Conference, Gen, The Conference Board, United States census, Intelligence, Name, Generation X, Federal, University, CSLI, University of Michigan, Tick, Consumer confidence index, Housing, Index, Heart, Workforce, Federal Reserve, LegalShield, Multimedia, Data, Ageing, Divorce, Cryptocurrency

LegalShield’s February Consumer Stress Legal Index (CSLI) highlights an uptick in financial stress among U.S. consumers.

Key Points: 
  • LegalShield’s February Consumer Stress Legal Index (CSLI) highlights an uptick in financial stress among U.S. consumers.
  • View the full release here: https://www.businesswire.com/news/home/20240319099667/en/
    LegalShield’s February Consumer Stress Legal Index (CSLI) highlights an uptick in financial stress among U.S. consumers.
  • The latest results from The Conference Board and University of Michigan were foretold by LegalShield’s December 2023 CSLI report .
  • The index is built on three sub-indices tracking calls for legal assistance for issues related to Consumer Finance, Bankruptcy and Foreclosure.