Investment Company Act of 1940

NCLA Encourages Fifth Circuit to Rein in Renegade SEC’s Unlawful Private Fund Regulation Effort

Retrieved on: 
Thursday, November 9, 2023
National Association, Privatization fund, Security (finance), Investment company, NCLA, Congress, Investment Company Act of 1940, United States Court of Appeals for the Fifth Circuit, Administration, Dodd–Frank Wall Street Reform and Consumer Protection Act, Administrative Procedure Act (United States), Financial adviser

Verret joined NCLA’s brief in the case, which draws from comments some of them filed during SEC’s rulemaking process.

Key Points: 
  • Verret joined NCLA’s brief in the case, which draws from comments some of them filed during SEC’s rulemaking process.
  • But that Dodd-Frank provision was focused entirely on retail customers and not highly sophisticated private investment funds.
  • NCLA joins amici’s call for the Fifth Circuit to scrap this unlawful SEC rule.
  • We are confident that, once again, the courts will rein in the SEC and set aside this new rule.”

SuRo Capital Corp. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
International, Share repurchase, Investment Company Act of 1940, Gaya confederacy, Webcast, Cryptocurrency, Security (finance)

(3) During the quarter ended September 30, 2023 the Company repurchased 186,493 shares of SuRo Capital common stock for approximately $0.7 million in cash under the Share Repurchase Program.

Key Points: 
  • (3) During the quarter ended September 30, 2023 the Company repurchased 186,493 shares of SuRo Capital common stock for approximately $0.7 million in cash under the Share Repurchase Program.
  • During the quarter ended September 30, 2022 the Company repurchased 2,000,000 shares of SuRo Capital common stock for approximately $13.2 million in cash under the Modified Dutch Auction Tender Offer.
  • Weighted-average common basic shares outstanding were approximately 25.4 million and 29.8 million for the quarters ended September 30, 2023, and 2022, respectively.
  • During the quarter ended September 30, 2023, under the Share Repurchase Program, the Company repurchased 186,493 shares of its common stock for approximately $0.7 million.

Clarion Partners Real Estate Income Fund Inc. (CPREIF) Announces Tender Offer

Retrieved on: 
Thursday, November 9, 2023
Asset Management, Professional Services, Finance, ACT, Clarion Partners, FUTURE, Franklin Templeton Investments, Investment Company Act of 1940, Bank statement, Western Asset Management Company, Fund, AND, USE, ALL, FUND, Cryptocurrency

The tender offer will be conducted at a price equal to the Fund’s NAV per share of common stock on the day on which the tender offer expires.

Key Points: 
  • The tender offer will be conducted at a price equal to the Fund’s NAV per share of common stock on the day on which the tender offer expires.
  • The Fund intends to commence its tender offer on or about December 11, 2023, with the expiration of the tender offer currently expected to be January 11, 2024.
  • The tender offer will be made only by an Offer to Purchase, a Repurchase Request Form, and related documents.
  • As soon as the tender offer commences, the Fund will file a tender offer statement on Schedule TO with the SEC, which will include an Offer to Purchase and related Repurchase Request Form.

BlackRock Capital Investment Corporation Reports Financial Results for the Quarter Ended September 30, 2023, Declares Quarterly Cash Dividend of $0.10 per Share

Retrieved on: 
Wednesday, November 8, 2023
Banking, Professional Services, Finance, Earnings call, Line of credit, VT, Water, Eastern Time Zone, Control, O2 (Germany) GmbH & Co OHG v Commission, SOFR, Investment Company Act of 1940, Conference, Microsoft Edge, Firefox, Cole Haan, Rehabilitation, Deployment, Elevate, ID, Webcast, Depreciation, Google Chrome, Investment, FMV, Bank, Pharmaceutical industry, Security (finance), Financial adviser, Cryptocurrency, Bluefin

On a net basis, the Company’s funded exposure to SellerX and Elevate did not change during the quarter.

Key Points: 
  • On a net basis, the Company’s funded exposure to SellerX and Elevate did not change during the quarter.
  • BlackRock Capital Investment Corporation will host a webcast/teleconference at 10:00 a.m. (Eastern Time) on Thursday, November 9, 2023, to discuss its third quarter 2023 financial results.
  • This teleconference can also be accessed using Microsoft Edge, Google Chrome, or Firefox via this link: BlackRock Capital Investment Corporation Third Quarter 2023 Earnings Call .
  • The replay of the teleconference can be accessed via the following link: BlackRock Capital Investment Corporation Third Quarter 2023 Earnings Call Replay .

Ellington Financial Declares Monthly Common Dividend

Retrieved on: 
Tuesday, November 7, 2023
Banking, Asset Management, Professional Services, Finance, NYSE, EFC, Government, Investment Company Act of 1940, REIT, Nature, Trust, Annual report, Security (finance)

Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.15 per share of common stock, payable on December 26, 2023 to stockholders of record as of November 30, 2023.

Key Points: 
  • Ellington Financial Inc. (NYSE: EFC) (the "Company") today announced that its Board of Directors has declared a monthly dividend of $0.15 per share of common stock, payable on December 26, 2023 to stockholders of record as of November 30, 2023.
  • This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us.
  • If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements.

Ellington Residential Declares Monthly Common Dividend

Retrieved on: 
Tuesday, November 7, 2023
Commercial Building & Real Estate, Construction & Property, REIT, NYSE, Government, Investment Company Act of 1940, Nature, Trust, Trustee, Annual report, Security (finance)

Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on December 26, 2023 to shareholders of record as of November 30, 2023.

Key Points: 
  • Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on December 26, 2023 to shareholders of record as of November 30, 2023.
  • This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • Examples of forward-looking statements in this press release include statements regarding the Company's payment of dividends.
  • This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities.

Carlyle Secured Lending, Inc. Announces Third Quarter 2023 Financial Results, Declares Fourth Quarter 2023 Dividends of $0.44 Per Common Share

Retrieved on: 
Tuesday, November 7, 2023
CSL, Investment Company Act of 1940, Risk management, NAV, Investment, Bank, Security (finance)

NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2023.

Key Points: 
  • NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its third quarter ended September 30, 2023.
  • The full detailed presentation of CSL’s third quarter 2023 results can be viewed here.
  • CSL is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group Inc.
  • CSL has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended.

Kayne Anderson Energy Infrastructure Fund and Kayne Anderson NextGen Energy & Infrastructure Announce Preliminary Results of Election of Merger Consideration

Retrieved on: 
Tuesday, November 7, 2023
Sale, Policy, Energy transition, NYSE, Eastern Time Zone, Investment Company Act of 1940, Energy, Mergers and acquisitions, KMF, Annual report, Eric Holder, Investment, Communication, Eastern, Holding company, Security (finance)

HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF), today announced the preliminary results of the elections made by KMF stockholders as to the form of merger consideration that they desire to receive in the merger between KYN and KMF (the “Merger”).

Key Points: 
  • HOUSTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF), today announced the preliminary results of the elections made by KMF stockholders as to the form of merger consideration that they desire to receive in the merger between KYN and KMF (the “Merger”).
  • The foregoing results are preliminary only, and final results are not expected to be available until following the closing of the merger.
  • Based on the preliminary results described above, it is expected that KMF stockholders who elected to receive Cash Consideration will be subject to proration.
  • After the final merger consideration election results are determined, the final allocation and proration of merger consideration will be calculated in accordance with the terms of the merger agreement.

Kayne Anderson Energy Infrastructure Fund and Kayne Anderson NextGen Energy & Infrastructure Announce Approval of Proposed Merger

Retrieved on: 
Wednesday, November 1, 2023
Sale, Policy, Energy transition, NYSE, Eastern Time Zone, Investment Company Act of 1940, Energy, Mergers and acquisitions, KMF, Annual report, Investment, Communication, Eastern, Security (finance)

HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the investment adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF), today announced that all requisite stockholder approvals have been received for the proposed merger between KYN and KMF (the “Merger”).

Key Points: 
  • HOUSTON, Nov. 01, 2023 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC (“Kayne Anderson”), which serves as the investment adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF), today announced that all requisite stockholder approvals have been received for the proposed merger between KYN and KMF (the “Merger”).
  • Subject to the satisfaction of customary closing conditions, the Merger is expected to close on November 13, 2023.
  • KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies.
  • Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein.

Kayne Anderson NextGen Energy & Infrastructure Provides Unaudited Balance Sheet Information and Announces its Net Asset Value and Asset Coverage Ratios at October 31, 2023

Retrieved on: 
Wednesday, November 1, 2023
Sale, Policy, Energy transition, NYSE, Plains All American Pipeline, Investment Company Act of 1940, Energy, KMF, Annual report, Fund, Investment, Communication, Security (finance), Financial adviser

The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security.

Key Points: 
  • The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security.
  • You can obtain a complete listing of holdings by viewing the Fund’s most recent quarterly or annual report.
  • Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE: KMF) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE.
  • Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein.