Wells Fargo

Wells Fargo Utilities and High Income Fund Announces Sources of Distribution

Monday, August 2, 2021 - 10:18pm

The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.

Key Points: 
  • The quoted distribution rate is a figure that uses the funds previous distribution to calculate an annualized figure.
  • The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price.
  • The Wells Fargo Utilities and High Income Fund is a closed-end equity and high-yield bond fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.

XA Investments Advises Thornburg on the Launch of its First Listed Closed-End Fund

Friday, July 30, 2021 - 10:15pm

In October 2020, XAI announced the formal launch of its registered closed-end fund structuring and consulting practice.

Key Points: 
  • In October 2020, XAI announced the formal launch of its registered closed-end fund structuring and consulting practice.
  • "We enjoyed partnering with the team at Thornburg and are proud to have worked with them to launch their debut closed-end fund offering.
  • Working together, we have set the foundation for Thornburg to continue its growth in the closed-end fund marketplace, said Kimberly Flynn, Managing Director of XA Investments.
  • We are pleased to guide Thornburg through the process to the successful development and launch of their own registered, closed-end fund," said Benjamin McCulloch, General Counsel of XA Investments.

Wells Fargo Closed-End Funds Declare Monthly Distributions

Friday, July 30, 2021 - 9:24pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 7% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 7% for the Wells Fargo Utilities and High Income Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

United Rentals Announces Pricing of Offering of $750 Million of 3.750% Senior Notes due 2032

Friday, July 30, 2021 - 9:15pm

United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has priced an offering of $750 million principal amount of 3.750% Senior Notes due 2032 (the Notes) in a registered public offering.

Key Points: 
  • United Rentals, Inc. (NYSE: URI) (URI) today announced that its subsidiary, United Rentals (North America), Inc. (URNA), has priced an offering of $750 million principal amount of 3.750% Senior Notes due 2032 (the Notes) in a registered public offering.
  • URNAs obligations under the Notes will be guaranteed on a senior unsecured basis by URI and certain of URNAs domestic subsidiaries.
  • Pending the payment of the redemption price for the 5% Senior Notes due 2026, the net proceeds from the offering of the Notes will be applied to reduce borrowings under the ABL Facility.
  • This news release shall not constitute a notice of redemption under the optional redemption provisions of the indenture governing URNAs 5% Senior Notes due 2026.

Avidity Biosciences, Inc. Announces Proposed Public Offering of Common Stock

Monday, August 2, 2021 - 9:01pm

In addition, Avidity intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.

Key Points: 
  • In addition, Avidity intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.
  • All of the shares to be sold in the offering are to be sold by Avidity.
  • There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
  • Cowen, SVB Leerink, Evercore ISI and Wells Fargo Securities are acting as joint bookrunning managers for the offering.

Airbase Strengthens Leadership Team with New VP of Business Development and VP of People to Support Continued Growth

Monday, August 2, 2021 - 2:20pm

Sarah brings over a decade of human resources and people functions experience to Airbase.

Key Points: 
  • Sarah brings over a decade of human resources and people functions experience to Airbase.
  • Previously, she was integral in architecting the People team at Plenty, a San Francisco-based indoor vertical farming company, as their first VP of People.
  • The role included recruiting, people operations, people partners, learning and development, total rewards, and diversity and inclusion.
  • "Daniel and Sarah join our growing team at an important time," said Airbase Founder and CEO Thejo Kote.

Mairin C. Rooney Joins SVB Leerink to Further Strengthen Biopharma Franchise

Monday, August 2, 2021 - 11:05am

Ms. Rooney joins SVB Leerink as a Senior Managing Director reporting to Global Co-Head of Healthcare Investment Banking, Dr. Dan Dubin.

Key Points: 
  • Ms. Rooney joins SVB Leerink as a Senior Managing Director reporting to Global Co-Head of Healthcare Investment Banking, Dr. Dan Dubin.
  • "Mairin is a strong addition to the senior SVB Leerink team and broadens our leadership in the biopharma and life sciences sectors," Dr. Dubin stated.
  • Ms. Rooney brings over a decade of healthcare investment banking experience and joins SVB Leerink from Goldman Sachs where she served as Managing Director in the Healthcare Investment Banking group focused on biopharma and biotech clients.
  • SVB Leerink is a wholly owned subsidiary of SVB Financial Group and is a member of FINRA/SIPC.

ideas42, Wells Fargo Aim to Tackle High Costs of Living in Poverty in the U.S.

Friday, July 30, 2021 - 3:00pm

These costs may be financial, such as higher fees for accessing basic services, or the costs of everyday goods like groceries, which disproportionately affects low-income households.

Key Points: 
  • These costs may be financial, such as higher fees for accessing basic services, or the costs of everyday goods like groceries, which disproportionately affects low-income households.
  • Tens of millions of Americans live with the effects of having too few resources and opportunities, financial volatility, and uncertainty around income and employment.
  • Shared Prosperity Catalyst is supported by exclusive funding from Wells Fargo.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

CAI International, Inc. Announces Receipt by Subsidiary CAL Funding IV Limited of Requisite Consents in Consent Solicitation Relating to its 2.22% Fixed Rate Asset-Backed Notes, Series 2020-1, Class A

Thursday, July 29, 2021 - 1:00pm

The Consent Solicitation expired at 5:00 p.m., New York City time, on July 28, 2021 (the Expiration Time).

Key Points: 
  • The Consent Solicitation expired at 5:00 p.m., New York City time, on July 28, 2021 (the Expiration Time).
  • Wells Fargo Securities served as the solicitation agent for the Consent Solicitation.
  • King & Co., Inc. served as the information agent and tabulation agent for the Consent Solicitation.
  • This announcement is also not a solicitation of consents with respect to the Notes or any other securities.

John Tyers Named Head of Independent Advisor Group at Wells Fargo Advisors

Thursday, July 29, 2021 - 4:00pm

Wells Fargo & Company (NYSE: WFC) announced today that John Tyers will join the company on July 30 as head of the Independent Advisor group at Wells Fargo Advisors.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today that John Tyers will join the company on July 30 as head of the Independent Advisor group at Wells Fargo Advisors.
  • Wells Fargo Advisors is a part of Wells Fargo Wealth & Investment Management (WIM), a division within Wells Fargo & Company and one of the largest wealth managers in the U.S. WIM provides financial products and services through various bank and brokerage affiliates of Wells Fargo & Company.
  • Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
  • All data includes Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, as of June 30, 2021. www.wellsfargoadvisors.com