NID

Nagad's Digital Bank on cards, Sadaf to lead the side

Retrieved on: 
Friday, September 22, 2023
Farmer, MFS, NID, Bangladesh Bank, Optimism, Cryptocurrency, Retail

The MFS provider earlier applied to secure a digital bank licence following the central bank's call for applications through its website.

Key Points: 
  • The MFS provider earlier applied to secure a digital bank licence following the central bank's call for applications through its website.
  • The Bangladesh Bank also formulated necessary guidelines to widen and accelerate financial inclusion, which will also create jobs for young IT workers.
  • Taking on the new assignment, Sadaf, a seasoned financial executive with a remarkable track record in the fintech industry, is poised to steer Nagad's digital bank towards success.
  • Once Nagad gets the digital bank licence, it will provide its consumers with innovative and convenient banking solutions.

Nagad's Digital Bank on cards, Sadaf to lead the side

Retrieved on: 
Friday, September 22, 2023
Farmer, MFS, NID, Bangladesh Bank, Optimism, Cryptocurrency, Retail

The MFS provider earlier applied to secure a digital bank licence following the central bank's call for applications through its website.

Key Points: 
  • The MFS provider earlier applied to secure a digital bank licence following the central bank's call for applications through its website.
  • The Bangladesh Bank also formulated necessary guidelines to widen and accelerate financial inclusion, which will also create jobs for young IT workers.
  • Taking on the new assignment, Sadaf, a seasoned financial executive with a remarkable track record in the fintech industry, is poised to steer Nagad's digital bank towards success.
  • Once Nagad gets the digital bank licence, it will provide its consumers with innovative and convenient banking solutions.

Nagad poised to establish digital bank

Retrieved on: 
Monday, August 28, 2023
Insurance, MFS, NID, Bangladesh Bank, Ecosystem, Fintech, Cryptocurrency, Bank

So, Nagad can serve its customers soon after it secures the licence to launch a digital bank.

Key Points: 
  • So, Nagad can serve its customers soon after it secures the licence to launch a digital bank.
  • The company has recently applied to the Bangladesh Bank to obtain a digital bank licence.
  • We are well-equipped with the necessary products and services to establish a digital bank."
  • If Nagad gets a digital bank licence, it will be able to begin serving people soon, he also said.

Nagad poised to establish digital bank

Retrieved on: 
Monday, August 28, 2023
Insurance, MFS, NID, Bangladesh Bank, Ecosystem, Fintech, Cryptocurrency, Bank

So, Nagad can serve its customers soon after it secures the licence to launch a digital bank.

Key Points: 
  • So, Nagad can serve its customers soon after it secures the licence to launch a digital bank.
  • The company has recently applied to the Bangladesh Bank to obtain a digital bank licence.
  • We are well-equipped with the necessary products and services to establish a digital bank."
  • If Nagad gets a digital bank licence, it will be able to begin serving people soon, he also said.

Introducing the EZ-Bend® Fast Wrap Solution

Retrieved on: 
Monday, August 21, 2023
NID, Optical fiber, Mini, Network, Network interface device, OFS, Wallplate, Indoor–outdoor thermometer, ONT, Conference, Printed circuit board

ORLANDO, Fla., Aug. 21, 2023 /PRNewswire/ -- Fiber Connect Booth 705, OFS, a leader in fiber optic solutions, redefines fiber optic drop cable storage and routing around and into the home with the new EZ-Bend® Fast Wrap Solution. This innovative house wrap optical cabling solution significantly reduces the complexity of single-family home installations by replacing 6 pre-connectorized cable lengths and an enclosure, with a single part number extendable up to 150 feet. The EZ-Bend Fast Wrap cable can easily be converted to 900 µm InvisiLight® Optical Fiber inside the home by stripping the outer jacket. It can be run to a centrally located ONT for improved Wi-Fi coverage, resulting in a better subscriber experience and retention.

Key Points: 
  • The EZ-Bend Fast Wrap cable can easily be converted to 900 µm InvisiLight® Optical Fiber inside the home by stripping the outer jacket.
  • Key Features of the EZ-Bend Fast Wrap Solution:
    Fast and Simple Installation: This single device greatly reduces the number of items needed for an installation, and the number of installation steps.
  • The EZ-Bend Fast Wrap Solution reduces complexity for the installer by reducing the number of components on the truck.
  • To learn more about the EZ-Bend Fast Wrap Solution, please visit OFS Booth #705 at the Fiber Connect Conference in Orlando, Florida, August 20-23 or click here .

Nuveen Intermediate Duration Municipal Term Fund Announces Termination and Liquidation

Retrieved on: 
Monday, April 3, 2023
Professional Services, Finance, Nuveen, Calendar, NID, Trust, Trust instrument, NAV, Death, Indian Sugar Mills Association, Security (finance)

Shareholders may recognize a gain or loss for U.S. tax purposes as a result of the liquidation.

Key Points: 
  • Shareholders may recognize a gain or loss for U.S. tax purposes as a result of the liquidation.
  • Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation.
  • Holders of liquidating trust units may obtain a copy of the Trust Instrument governing the liquidating trust and periodic reports of the liquidating trust on www.nuveen.com/NID .
  • The liquidating trust intends to disclose its net asset value per unit and the positions held in the trust each calendar quarter.

Nuveen Intermediate Duration Municipal Term Fund and Nuveen Intermediate Duration Quality Municipal Term Fund Announce Additional Liquidation Details

Retrieved on: 
Wednesday, February 15, 2023
Other Professional Services, Professional Services, Finance, Bankruptcy, NID, Trustee, Indian Sugar Mills Association, NYSE, Sale, Nuveen, Death, Security (finance)

As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund’s originally scheduled termination date.

Key Points: 
  • As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund’s originally scheduled termination date.
  • NID intends to liquidate on or before March 31, 2023, and NIQ intends to liquidate on or before June 30, 2023.
  • Also as previously announced, as NID and NIQ approach liquidation, each fund’s common shares will continue trading on the New York Stock Exchange.
  • As of February 14, 2023, these holdings represent approximately 12.5% of NID’s common assets and approximately 4.3% of NIQ’s common assets.

Nuveen Intermediate Duration Municipal Term Fund Announces Intention to Redeem Preferred Shares

Retrieved on: 
Monday, January 30, 2023
Professional Services, Finance, Rate, Bangladesh Securities and Exchange Commission, Security (finance), Hand, NYSE, NID, Fund, Exchange, Trustee, Depository Trust & Clearing Corporation, Depository Trust Company, DTC, Effective interest rate

The Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has filed with the Securities and Exchange Commission a notice of intention to redeem the fund’s outstanding Series 2023 Adjustable Rate MuniFund Term Preferred Shares.

Key Points: 
  • The Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has filed with the Securities and Exchange Commission a notice of intention to redeem the fund’s outstanding Series 2023 Adjustable Rate MuniFund Term Preferred Shares.
  • The Adjustable Rate MuniFund Term Preferred Share redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated dividends owed.
  • The Fund expects to finance the Series 2023 Adjustable Rate MuniFund Term Preferred Share redemption with portfolio sales and cash on hand, and this redemption is contingent upon the completion of all aspects of such portfolio sales by the Fund, which may not occur as planned.
  • The details of the anticipated redemption of outstanding Adjustable Rate MuniFund Term Preferred Shares are as follows:

Nuveen Intermediate Duration Municipal Term Fund and Nuveen Intermediate Duration Quality Municipal Term Fund Announce Liquidation Details

Retrieved on: 
Thursday, January 26, 2023
Other Professional Services, Professional Services, Finance, Loss, Sale, Nuveen, NYSE, NID, Trustee, Indian Sugar Mills Association, Security (finance), Cryptocurrency

The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund’s originally scheduled termination date.

Key Points: 
  • The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund’s originally scheduled termination date.
  • These securities are currently illiquid and likely cannot be sold to generate proceeds needed to satisfy tendering shareholders.
  • Therefore, each Board determined that liquidation and closure, on its originally scheduled termination date, is in the best interest of each fund and its shareholders.
  • As the funds approach their respective termination dates, each fund will begin the orderly liquidation of its assets.

Nuveen Municipal Closed-End Funds Announce Results of Special Shareholder Meeting

Retrieved on: 
Wednesday, October 12, 2022
Professional Services, Finance, U.S. Securities and Exchange Commission, New, SEC, Indian Sugar Mills Association, Common, LLC, NYSE, Security (finance), TIAA, Board, Board of directors, Letter, Trustee, NID, Solution, Financial adviser, Nuveen

Shareholders of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved a proposal to restructure their respective funds.

Key Points: 
  • Shareholders of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved a proposal to restructure their respective funds.
  • If the tender offer is successfully completed, the restructuring of each fund will include:
    An amendment to the funds declaration of trust to eliminate the term structure.
  • NIDs name will change to Nuveen Intermediate Duration Municipal Fund and NIQs name will change to Nuveen Intermediate Duration Quality Municipal Fund (each funds common shares will continue to trade on the New York Stock Exchange under the current ticker symbol).
  • Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.